Updated September 28, 2026 · BrokerCue Editorial Team
flatex Online-Broker (DE) vs Vanguard
What sets them apart
| Compare |  flatex Online-Broker (DE) |  Vanguard |
|---|---|---|
| Stock trade fee | €5.90 | $0 |
| Account fee | €0 | $20 |
| Markets | Stocks, ETFs, Forex, CFDs, Options, Crypto, Bonds, Funds, MetalsCovers more | Stocks, ETFs, Options, Bonds, Funds |
| Account types | Joint | IRA, Roth IRA, JointCovers more |
| Minimum deposit | Not confirmed | $0 |
| Regulators | BaFin | Not confirmed |
| Investor protection | EU ICS up to EUR 20,000 | Not confirmed |
| Currency conversion fee | 0.4% | Not confirmed |
| Options contract fee | Not confirmed | $1 |
| Deposit and withdrawal fees | Free | Not confirmed |
| Platforms | Web, Mobile | Not confirmed |
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Key differences
- Vanguard scores higher overall: 9.1 vs 8.8.
- Markets: only flatex Online-Broker (DE) offers Forex, CFDs, Crypto.
- Account types: only Vanguard offers IRA, Roth IRA.
- Pricing model: only flatex Online-Broker (DE) offers Low fees.
- Pricing model: only Vanguard offers Commission free.
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.
Vanguard
Vanguard suits beginner US investors who want straightforward retirement investing without a trading bill, with stock trades at $0 and a minimum deposit of $0. The catch is an account fee of $20, plus $1 for every options contract traded.
Score breakdown
| Area | flatex Online-Broker (DE) | Vanguard |
|---|---|---|
| Cost | 8.8Account fee of €0, a flat €5.90 per stock trade and free deposits. | 8.9HigherStock trades cost $0 and the minimum deposit is $0, but the account itself carries an account fee of $20. |
| Offer | 9.2 | 9.5Higher |
| Trust | 8.6 | Not confirmed |
Which one suits you
Pick flatex Online-Broker (DE) if markets matter most.
Pick Vanguard if offer and account types matter most.
What each covers
| Markets | flatex Online-Broker (DE) | Vanguard |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | No |
| CFDs | Yes | No |
| Options | Yes | Yes |
| Crypto | Yes | No |
| Bonds | Yes | Yes |
| Funds | Yes | Yes |
| Metals | Yes | No |
| Account types | flatex Online-Broker (DE) | Vanguard |
|---|---|---|
| IRA | No | Yes |
| Roth IRA | No | Yes |
| Joint | Yes | Yes |
How they place
| Ranking | flatex Online-Broker (DE) | Vanguard |
|---|---|---|
| Stock and ETF brokers | 178 of 471 | 128 of 471 |
| Investment platforms and apps | 36 of 86 | 26 of 86 |
| Options trading platforms | 60 of 103 | 46 of 103 |
Where these facts come from
flatex Online-Broker (DE)
- flatex.de: 9 facts, checked September 26, 2026
- brokerchooser.com: 3 facts, checked September 26, 2026
- en.wikipedia.org: 2 facts, checked September 26, 2026
Vanguard
- investor.vanguard.com: 7 facts, checked September 26, 2026
- investguiding.com: 2 facts, checked September 26, 2026
- vanguard.com: 1 fact, checked September 26, 2026
Every fact side by side
| Fact | flatex Online-Broker (DE) | Vanguard |
|---|---|---|
| Features | Crypto, Demo account, Mobile app | Not confirmed |
| Pricing model | Low fees | Commission free |
| Audience | Not confirmed | Beginners |
| Legal entity | flatexDEGIRO SE | The Vanguard Group, Inc. |
| Headquarters | Germany | United States |
| Support channels | Email, Phone, Help centre | Not confirmed |
Robo-advisors
| Fact | flatex Online-Broker (DE) | Vanguard |
|---|---|---|
| Portfolio types | Not confirmed | ETF |
Where each stands against the rest
| Fact | flatex Online-Broker (DE) | Vanguard | Median |
|---|---|---|---|
| Minimum deposit | Not confirmed | $0below the median | $25 |
| Currency conversion fee | 0.4%below the median | Not confirmed | 0.45% |
| Options contract fee | Not confirmed | $1highest quarter | $0.625 |
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.
Vanguard
Pros
- Stock trades cost $0 and the account opens at $0, so entry costs nothing
- stocks, etfs and options covers the range most long term investors need in one place
- Account types include ira, roth ira and joint, which suits retirement saving
Cons
- An account fee of $20 applies to the account whatever the trade volume
- Options cost $1 per contract against $0 for stock trades
- Forex, crypto and CFDs are not among its stocks, etfs and options
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
Vanguard
Who it suits
- Beginners building a retirement pot in the US
- Investors holding funds and ETFs alongside individual stocks
- Anyone who accepts an account fee to keep trading costs low
Who should look elsewhere
- Day traders who want no account fee, since eToro charges $0
- Traders wanting forex, crypto or CFDs alongside shares, which CFI lists in stocks, etfs and forex
- Anyone put off by an opening balance, since Vantage requires $5 where Vanguard asks $0
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
| Country | flatex Online-Broker (DE) | Vanguard |
|---|---|---|
| Germany | Yes | No |
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.
Vanguard
What does it cost to buy shares at Vanguard?+
Buying shares costs $0, and the account opens at a minimum deposit of $0. The running cost is an account fee of $20 rather than a charge on each trade, so frequent trading does not add commission.
Is there an account fee?+
There is. The account fee is $20, and it is the main ongoing cost here. Investors who expect to hold rather than trade repeatedly can absorb it, while active traders would feel it more on smaller balances.
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