flatex vs Public - BrokerCue
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Broker Comparison

flatex vs Public

Compare flatex and Public side by side: fees, regulation, platforms.

flatex

flatex

German-market flat-fee investors

flatex is a German flat-fee online broker offering stocks, ETFs, bonds, funds, CFDs, and free savings plans, โ€ฆ

VS
Public

Public

Active investors who want options rebates and API access

Public is a US multi-asset investing platform offering stocks, ETFs, options, bonds, crypto, margin, AI toolsโ€ฆ

Head-to-head comparison

flatex vs Public
Feature flatex Public
Minimum deposit - -
Stock trading fee EUR 5.90 flat fee per order; additional exchange fees may apply $0 for regular market-hours US-listed stocks and ETFs; $2.99 per extended-hours trade; OTC stocks $2.99 per trade
Regulators BaFin SEC, FINRA, SIPC, FDIC, NYSDFS
Best for German-market flat-fee investors Active investors who want options rebates and API access
Markets & account
Stocks
ETFs
CFDs
-
Crypto
-
Bonds
Options
-
Funds
-
Investment Plans
Demo Account
-
Fractional Shares
-
Margin
-

Pros & cons

flatex

flatex

Pros

  • EUR 5.90 flat fee per trade regardless of order size
  • ETF and fund savings plans free of charge
  • No account, inactivity, custody, deposit, or withdrawal fees
  • Licensed German bank with BaFin regulation
  • Client cash covered by statutory deposit guarantee up to EUR 100,000
  • Securities held in segregated custody outside insolvency estate
  • Access to over 5,000 ETFs and funds

Cons

  • Platforms primarily in German, limiting accessibility for non-German speakers
  • flatex Trader 2.0 advanced platform costs EUR 15 per month
  • High FX conversion fee of 0.4% on non-EUR transactions
  • Bank transfer is the only deposit and withdrawal method
  • No options or futures trading
  • Crypto available only via ETPs and ETNs, not direct spot trading
  • Not available in most non-EU countries
Public

Public

Pros

  • $0 regular-hours US stock and ETF trades
  • Options rebates of $0.06-$0.18 per stock or ETF contract
  • Margin rates range from 4.90% to 4.25%
  • Public API supports programmatic trading
  • High-Yield Cash Account pays 3.30% APY with no fees
  • Direct indexing starts with as little as $1,000
  • SIPC protection up to $500,000 for cash and securities
  • FDIC protection up to $5 million for High-Yield Cash Account

Cons

  • $2.99 extended-hours stock and ETF trades without Premium
  • OTC stock trades cost $2.99 without Premium
  • Inactivity fee is $3.99 every month
  • Outgoing ACAT transfers cost $100
  • Instant Withdrawals cost up to 3.5%, minimum $1
  • Crypto assets are not FDIC or SIPC insured
  • Fractional shares are not transferable outside Public
  • Premium costs $10 monthly or $96 annually unless waived
flatex

flatex

flatex is a German flat-fee online broker offering stocks, ETFs, bonds, funds, CFDs, and free savings plans, regulated by BaFin as a licensed bank.

Your capital is at risk. Other fees apply.

Public

Public

Public is a US multi-asset investing platform offering stocks, ETFs, options, bonds, crypto, margin, AI tools, a trading API and cash products.

Your capital is at risk. Other fees apply.

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