Updated September 29, 2026 · BrokerCue Editorial Team

flatex Online-Broker (DE) vs Trade Nation

flatex Online-Broker (DE) scores 8.8 and Trade Nation 8.9 out of 10. Compare their differences and shared features below.

flatex Online-Broker (DE)

8.8/10

Facts checked September 26, 2026.

Trade Nation

8.9/10

Facts checked September 26, 2026.

What sets them apart

flatex Online-Broker (DE) vs Trade Nation
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flatex Online-Broker (DE)flatex Online-Broker (DE)
ReviewSee alternativesSee alternatives
Trade NationTrade Nation
ReviewSee alternativesSee alternatives
MarketsStocks, ETFs, Forex, CFDs, Options, Crypto, Bonds, Funds, MetalsForex, CFDs, Spread betting
RegulatorsBaFinFCA
Investor protectionEU ICS up to EUR 20,000FSCS up to GBP 85,000
Deposit and withdrawal feesFreeFree deposits and withdrawals
PlatformsWeb, MobileTN Trader
Minimum depositNot confirmed$0
Stock trade fee€5.90Not confirmed
Account fee€0Not confirmed
Inactivity feeNot confirmed$0
Retail accounts that lose moneyNot confirmed57.1%
Currency conversion fee0.4%Not confirmed
Account typesJointNot confirmed
Maximum retail leverageNot confirmed30:1

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Key differences

  • Trade Nation scores higher overall: 8.9 vs 8.8.
  • Regulators: only flatex Online-Broker (DE) offers BaFin.
  • Regulators: only Trade Nation offers FCA.
  • Markets: only flatex Online-Broker (DE) offers Stocks, ETFs, Options.
  • Markets: only Trade Nation offers Spread betting.
  • Platforms: only flatex Online-Broker (DE) offers Web, Mobile.
  • Platforms: only Trade Nation offers TN Trader.
  • Features: only flatex Online-Broker (DE) offers Crypto, Demo account.

Our verdict on each

flatex Online-Broker (DE)

flatex suits investors who prefer a flat fee per trade and no account charge. A stock trade costs €5.90, the account fee is €0 and deposits and withdrawals are free, so holding an account costs nothing beyond each order placed.

Read the full flatex Online-Broker (DE) review

Trade Nation

Trade Nation suits UK retail traders who want a regulated, no-frills CFD account with nothing to pay for holding it. The minimum deposit is $0 and the inactivity fee is $0, so the running cost of an idle account sits at the very bottom of our table.

Read the full Trade Nation review

Score breakdown

flatex Online-Broker (DE) vs Trade Nation
Areaflatex Online-Broker (DE)Trade Nation
Cost8.8Account fee of €0, a flat €5.90 per stock trade and free deposits.9.6HigherInactivity fee of $0, minimum deposit of $0 and Free deposits and withdrawals for funding, all at the cheap end.
Offer9.2Higher8.5
Trust8.68.6

What each covers

flatex Online-Broker (DE) vs Trade Nation
Marketsflatex Online-Broker (DE)Trade Nation
StocksYesNo
ETFsYesNo
ForexYesYes
CFDsYesYes
OptionsYesNo
CryptoYesNo
BondsYesNo
FundsYesNo
MetalsYesNo
Spread bettingNoYes

Which one suits you

Pick flatex Online-Broker (DE) if offer matter most.

Pick Trade Nation if cost matter most.

Where each is licensed and available

flatex Online-Broker (DE) vs Trade Nation
Countryflatex Online-Broker (DE)Trade Nation
GermanyNot confirmed
United KingdomNot confirmed
FCA 525164

How they place

flatex Online-Broker (DE) vs Trade Nation
Rankingflatex Online-Broker (DE)Trade Nation
Forex brokers75 of 14771 of 147
Low-spread forex brokers73 of 14569 of 145
CFD brokers63 of 12260 of 122

Every fact side by side

flatex Online-Broker (DE) vs Trade Nation
Factflatex Online-Broker (DE)Trade Nation
FeaturesCrypto, Demo account, Mobile appCovers moreMobile app
Pricing modelLow feesNot confirmed
Legal entityflatexDEGIRO SETrade Nation Financial UK Ltd
HeadquartersGermanyNot confirmed
Support channelsEmail, Phone, Help centreNot confirmed

Where each stands against the rest

flatex Online-Broker (DE) vs Trade Nation
Factflatex Online-Broker (DE)Trade NationMedian
Minimum depositNot confirmed$0below the median$25
Stock trade fee€5.90highest quarterNot confirmed€1
Account fee€0at the medianNot confirmed€0
Inactivity feeNot confirmed$0at the median$0
Retail accounts that lose moneyNot confirmed57.1%lowest quarter72.05%
Currency conversion fee0.4%below the medianNot confirmed0.45%

Median across 134 listed brokers.

Pros and cons

flatex Online-Broker (DE)

Pros

  • No account fee: €0 on the standard account.
  • Deposits and withdrawals are free: free.
  • A flat stock trade fee of €5.90 rather than a percentage, with currency exchange at 0.4%.

Cons

  • The stock trade fee of €5.90 is higher than most rivals, where the site median is €0.
  • Only a joint account type is listed in joint, so there is no ISA or SIPP wrapper for UK investors.
  • Support runs on email, phone and help centre only, with no live chat listed.

Trade Nation

Pros

  • Minimum deposit of $0, top of our list on deposits
  • Inactivity fee of $0, also top of our list
  • Free deposits and withdrawals, so moving money on and off carries no charge

Cons

  • Markets are limited to forex, cfds and spread betting, so there is no share dealing alongside the CFDs
  • Retail accounts that lose money stand at 57.1%, lower than most brokers on our table but still a majority
  • Only one platform, TN Trader, with a mobile app as the stated feature

Who each suits

flatex Online-Broker (DE)

Who it suits

  • Investors in Germany who want a flat fee per trade and no account charge
  • Long-term stock, ETF, fund and bond holders rather than active traders
  • Anyone who needs crypto, forex, CFDs and options under the same account

Who should look elsewhere

  • Day traders, who pay €5.90 on every small order where eToro charges $0
  • UK investors after an ISA or SIPP wrapper, since joint lists a joint account only

Trade Nation

Who it suits

  • UK traders who want an FCA regulated account with no minimum balance
  • Anyone who keeps a CFD account open for months and does not want an inactivity charge
  • Beginners who prefer one clear platform, TN Trader, rather than a choice

Who should look elsewhere

  • Buy and hold investors, since markets run to forex, cfds and spread betting only
  • Traders who want crypto, futures or options, none of which sit in forex, cfds and spread betting
  • Anyone wanting several platforms, as only TN Trader is listed

Current offers

flatex Online-Broker (DE)

Current offer

  • Bonus

    20 commission-free trades on account opening: 20 trades

    upon account opening

    Source, checked September 26, 2026

Country by country

flatex Online-Broker (DE) vs Trade Nation
Countryflatex Online-Broker (DE)Trade Nation
GermanyYesNo

Questions about each

flatex Online-Broker (DE)

What does it cost to trade a stock at flatex?+

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.

Is there any account or inactivity fee?+

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.

Trade Nation

What is the minimum deposit at Trade Nation?+

The minimum deposit is $0, which is 1 of 213 brands in our table. You can open an account with a small balance and add more whenever you want. Deposits themselves carry no charge, since Free deposits and withdrawals.

Does Trade Nation charge an inactivity fee?+

The inactivity fee is $0, which puts it at 1 of 56 brands on that measure. If your account sits unused for a while, there is no monthly deduction for holding it open.

Other options to compare

Other matchups

Trade Nation

Trade Nation

Higher score in this comparison

8.9/10See alternatives

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