Consorsbank Review

German retail investors, ETF savers

BaFin

Founded 2014 · Germany · BNP Paribas

Why investors choose this broker

No custody fee
No account maintenance fee
No inactivity fee
All ETF savings plans free of execution fees

Review summary

Consorsbank is a German direct bank and BNP Paribas subsidiary offering a brokerage depot with stocks, ETFs, bonds, funds, options, futures, and CFDs, with no custody or account maintenance fees.

Pros

No custody fee
No account maintenance fee
No inactivity fee
All ETF savings plans free of execution fees
Broad ETF selection of over 1,500 savings plan-eligible ETFs
Backed by BNP Paribas with top-tier bank credit ratings
Access to options and futures via dedicated platforms
CFD demo account available with 50,000 EUR virtual capital

Cons

Available to German residents only; no international account opening
Standard order fee of min 9.95 EUR can be high for small orders
No cryptocurrency trading offered
No multicurrency account; all positions held in EUR
FX conversion costs 19.95 EUR flat plus margin on non-EUR trades
International securities transfers cost 29.95 EUR per position
Advanced platform features (real-time quotes, chart modules) carry monthly subscription fees

Company background

Consorsbank is a German direct bank and the retail brokerage brand of BNP Paribas S.A. Niederlassung Deutschland, headquartered in Nuremberg. The brand launched in December 2014 when BNP Paribas rebranded its Cortal Consors Germany unit. The underlying Consors discount broker was founded in 1994 and acquired by BNP Paribas in 2002. In November 2016 Consorsbank absorbed DAB Bank, transferring all DAB customer accounts. The bank serves approximately 1.5 million customers and combines a brokerage depot with a current account, savings products, and fixed-term deposits.

Fees and pricing

Consorsbank charges no custody fee, no account maintenance fee, and no inactivity fee. Deposits and withdrawals are free. Standard stock and ETF orders cost 4.95 EUR plus 0.25% of order value, with a minimum of 9.95 EUR and a maximum of 69 EUR, plus exchange fees of 0.95 EUR on Tradegate or 1.95 EUR on Xetra and LS Exchange. A flat 3.95 EUR order fee applies to 546 StarPartner ETFs, and selected sustainable ETFs trade at 0 EUR via Tradegate. All ETF savings plans are free of execution fees from 10 EUR per month across over 1,500 eligible ETFs; savings plans on other securities cost 1.5% per execution. Currency conversion for non-EUR trades carries a 19.95 EUR flat fee plus a variable margin, and international securities transfers cost 29.95 EUR per position.

Margin lending rates range from 4.05% to 7.05% per annum depending on account tier. Real-time quote subscriptions and the ActiveTrader charting tool carry optional monthly fees, waived at higher activity tiers.

Regulation and safety

Consorsbank operates as a brand of BNP Paribas S.A. Niederlassung Deutschland and is supervised by BaFin, the German Federal Financial Supervisory Authority, and is subject to MiFID II. Client cash is protected up to 100,000 EUR under the German statutory deposit guarantee scheme, and securities holdings are covered up to 20,000 EUR (90% of claims) through the German investor compensation scheme.

Platform experience

Consorsbank provides a web platform and iOS and Android apps for account management and order placement. ActiveTrader offers customizable layouts and advanced charting, and FutureTrader is a dedicated terminal for options and futures trading with connectivity to Eurex and CME. CFD trading is available through a separate CFD app with a demo account loaded with 50,000 EUR virtual capital. Access spans over 30 stock exchanges worldwide. Cryptocurrency trading is not offered.

Pros and cons

Consorsbank's main advantages are its zero custody fee, free ETF savings plans across a large selection, access to options and futures, and BNP Paribas backing. The main drawbacks are German-resident-only account opening, a minimum order fee of 9.95 EUR that is high for small trades, no cryptocurrency offering, and currency conversion costs for non-EUR markets.

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Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Standard stock and ETF orders cost 4.95 EUR plus 0.25% of order value, with a minimum of 9.95 EUR and a maximum of 69 EUR per order. Custody fees, account maintenance fees, inactivity fees, and deposit and withdrawal fees are all free.

Fees

Item	Fee
Cfds	Spread-based; no fixed commission
Margin	4.05%-7.05% p.a. (depending on account tier)
Account	Free; no account maintenance fee
Custody	Free
Deposit	Free
Futures	Variable; FutureTrader platform required; exchange fees apply
Options	4.95 EUR + 0.25% per order (exchange fees apply separately)
Inactivity	Free
Withdrawal	Free
Fx Conversion	19.95 EUR flat fee plus variable margin
Investment Plans	ETF savings plans free of execution fees (from 10 EUR/month); other securities savings plans 1.5% per execution
Securities Transfer	29.95 EUR per position for international transfers

Trading platform & features

Platforms

Web app
ActiveTrader
FutureTrader
iOS app
Android app

Regulation and investor protection

Consorsbank is a brand of BNP Paribas S.A. Niederlassung Deutschland and is regulated by BaFin, the German Federal Financial Supervisory Authority. Client cash is protected up to 100,000 EUR under the German statutory deposit guarantee scheme, and securities holdings are covered up to 20,000 EUR (90% of claims) through the German investor compensation scheme.

Broker FAQs

Is Consorsbank safe?

Consorsbank is a brand of BNP Paribas S.A. Niederlassung Deutschland, supervised by BaFin. Client cash is protected up to 100,000 EUR under the German statutory deposit guarantee scheme and securities holdings are covered up to 20,000 EUR through the German investor compensation scheme.

Is Consorsbank a scam?

No. Consorsbank is a regulated German direct bank and part of the BNP Paribas group, one of Europe's largest banking groups.

Is Consorsbank regulated and by whom?

Yes. Consorsbank operates as a brand of BNP Paribas S.A. Niederlassung Deutschland and is regulated by BaFin, the German Federal Financial Supervisory Authority.

Does Consorsbank keep client funds in segregated accounts?

Client cash is protected up to 100,000 EUR under the German statutory deposit guarantee scheme. Securities held in a Consorsbank depot are held in collective custody as client assets separate from Consorsbank's own assets.

What happens to my money if Consorsbank goes bankrupt?

Client cash deposits are protected up to 100,000 EUR per depositor under the German statutory scheme. Securities in the depot are covered by the German investor compensation scheme up to 20,000 EUR (90% of claims) per investor. Because Consorsbank is part of BNP Paribas, the parent group's financial strength also provides additional backing.

What products does Consorsbank offer?

Consorsbank offers stocks, ETFs, bonds, funds, options, futures, and CFDs. It also provides ETF and securities savings plans. Cryptocurrency trading is not available.

Does Consorsbank offer ETFs?

Yes. Consorsbank offers a broad ETF selection and provides over 1,500 ETFs eligible for free savings plans. 546 StarPartner ETFs trade at a flat 3.95 EUR and selected sustainable ETFs can be traded at no order fee via Tradegate.

Does Consorsbank offer options and futures?

Yes. Options and futures are available through the dedicated FutureTrader platform with direct connectivity to Eurex and CME.

Does Consorsbank offer CFDs?

Yes. Consorsbank offers CFD trading through a dedicated CFD app and web platform. A CFD demo account with 50,000 EUR in virtual capital is available without requiring full account registration.

Does Consorsbank offer crypto?

No. Consorsbank does not offer cryptocurrency trading.

What does Consorsbank charge for stock trades?

Standard stock orders cost 4.95 EUR plus 0.25% of the order value, with a minimum of 9.95 EUR and a maximum of 69 EUR, plus a separate exchange fee of 0.95-2.95 EUR depending on the venue.

What does Consorsbank charge for ETF savings plans?

ETF savings plans are free of execution fees across all eligible ETFs, with a minimum contribution of 10 EUR per month. Savings plans on other securities cost 1.5% per execution.

Is there a withdrawal fee at Consorsbank?

No. Consorsbank does not charge a withdrawal fee.

Does Consorsbank charge an inactivity fee?

No. Consorsbank does not charge an inactivity fee.

What is Consorsbank's currency conversion fee?

Currency conversion for non-EUR securities carries a flat fee of 19.95 EUR plus a variable margin. All Consorsbank accounts are EUR-denominated; there is no multicurrency account option.

Does Consorsbank have a demo account?

Yes. Consorsbank provides a CFD demo account loaded with 50,000 EUR in virtual capital. Full registration is not required; only basic registration for the online portal is needed to access it.

Does Consorsbank have a mobile app?

Yes. Consorsbank provides iOS and Android apps covering account management, trading, and portfolio monitoring. A separate CFD app is also available for mobile CFD trading.

Is Consorsbank good for beginners?

Consorsbank is accessible to beginners through its free ETF savings plans, no custody fee, and support hotline available from 07:00 to 22:30 daily. However, the standard minimum order fee of 9.95 EUR may be proportionally high for very small one-off trades.

Is Consorsbank good for long-term investing?

Consorsbank suits long-term investors who want regular ETF savings plans at no execution cost, a broad fund and bond selection, and no custody fee. The absence of cryptocurrency and multicurrency accounts may be a limitation for some investors.

Bottom line

Consorsbank suits users who want a regulated German brokerage with free ETF savings plans, no custody fee, and access to a broad range of securities including options and futures. It may not suit users who require cryptocurrency trading, multicurrency accounts, or who want low per-trade costs on small single-order transactions.

Consorsbank

German retail investors, ETF savers

Open Account

Your capital is at risk. Other fees apply.