flatex Online-Broker (DE) review

A stock trade costs €5.90 per order, the same flat rate on every trade size. There is no account fee, at €0, so holding an account adds nothing to the bill. For comparison, the typical broker charges €0 per stock trade.

The account fee is €0, so there is nothing to pay for holding the account open. No separate inactivity charge appears in the available details. Across the brokers listed, the highest account fee reaches €219.24.

Deposits and withdrawals are free, listed as free. Currency conversion is the extra cost to watch, at 0.4%, and it applies whenever an instrument is priced in another currency. Budget for it if you hold US shares or trade forex.

flatex is regulated by BaFin in Germany, and the investor protection on offer is EU ICS up to EUR 20,000. The legal entity behind the account is flatexDEGIRO SE, so the German regulator and the compensation scheme both apply.

The platform covers stocks, etfs and forex. That means shares, ETFs, funds, bonds, forex, CFDs, options, crypto and metals in a single account. You can trade on the web platform or the mobile app, both listed under Web and Mobile.

The only account type listed is a joint account, shown in joint. There is no ISA or SIPP listed, which matters if you are a UK taxpayer and want to hold investments inside a tax wrapper.

Yes, a demo account is available, listed among the crypto, demo account and mobile app features alongside crypto trading and the mobile app. That lets you try the platform before putting cash at risk.

Support runs through email, phone and help centre, so phone and email are covered and a help centre holds the detail. There is no live chat listed, which matters if a question about a trade or a transfer comes up out of hours.