SMARTBROKER+ Review

German investors seeking low-cost ETF trading

BaFin

Founded 2019 · Germany · Smartbroker Holding AG

Why investors choose this broker

Free custody and account management
No deposit, withdrawal or inactivity fees
Commission-free gettex trading for orders of EUR 500 or more
Over 4,600 savings plans with free execution for ETFs, stocks, funds and crypto ETPs

Review summary

SMARTBROKER+ is a German online broker offering stocks, ETFs, funds, bonds, derivatives and crypto with free custody and commission-free gettex trading from EUR 500.

Pros

Free custody and account management
No deposit, withdrawal or inactivity fees
Commission-free gettex trading for orders of EUR 500 or more
Over 4,600 savings plans with free execution for ETFs, stocks, funds and crypto ETPs
Access to 9 domestic and 18 international exchanges
Bonds trading available since April 2024
Weekend trading available since November 2025
Deposit protection up to EUR 100,000 via statutory scheme plus voluntary fund

Cons

No demo account available
No joint or junior accounts
Platform and customer support primarily in German
EUR 4 flat fee at exchanges other than gettex
Currency conversion cost of approximately 0.25% on international trades
No source tax recovery service
Mixed customer reviews on Trustpilot regarding customer support response times
Parent company has reported losses in recent years

Company background

SMARTBROKER+ is a German online broker operated by wallstreet:online capital AG, a subsidiary of Smartbroker Holding AG. The retail brokerage launched in 2019 as Smartbroker and rebranded to SMARTBROKER+ in October 2023 with a fully redesigned platform and mobile app. The company is headquartered in Berlin and uses Baader Bank AG as its clearing and settlement custodian. Stiftung Warentest named the depot a cost leader across all tested depot sizes in Finanztest 11/2024.

Fees and pricing

Custody, account maintenance, deposits and withdrawals are free with no inactivity fee. Trades via gettex cost EUR 0 for orders of EUR 500 or more and EUR 1 below that threshold. Trades at other exchanges including Tradegate and Lang and Schwarz cost EUR 4 flat. A currency conversion spread of approximately 0.25% applies to foreign-currency trades. Savings plans execute free for ETFs, ETCs, stocks, funds and crypto ETPs. The minimum savings rate is EUR 1. Crypto trades cost 0.90% of the trade value. Margin lending runs at 3-month EURIBOR plus 3.00% per annum. Cash balances earn interest on a variable rate linked to the ECB deposit facility rate (1.75% p.a. as of mid-2025, subject to change, and conditional on at least three trades per quarter) up to EUR 100,000.

Regulation and safety

wallstreet:online capital AG holds a securities institution licence under German law and is supervised by BaFin. Baader Bank AG, also BaFin-regulated, holds client securities as ring-fenced Sondervermogen separate from the broker's own balance sheet. Cash deposits are covered by the statutory deposit guarantee up to EUR 100,000, with additional protection through the voluntary fund of the German banking association.

Platform experience

SMARTBROKER+ is available as a web app and iOS and Android apps. Account opening is digital via VideoIdent. The platform gives access to over 40,000 stocks, around 3,300 ETFs, over 18,000 funds, over 40,000 bonds and more than 4.6 million derivatives. Cryptocurrency trading covers 41 coins via Tangany, a BaFin-regulated custodian. Weekend trading is available on Saturdays from 14:00 to 19:00; weekday trading runs from 07:30 to 23:00. No demo account is offered and the interface is available only in German.

Pros and cons

SMARTBROKER+'s main advantages are free custody, no inactivity or withdrawal fees, commission-free gettex trading for orders of EUR 500 or more and free savings plans across all product types. The main drawbacks are no demo account, a German-only interface, a EUR 4 fee at exchanges other than gettex, approximately 0.25% currency conversion cost and mixed customer support reviews.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Custody, account management, deposits and withdrawals are free with no inactivity fee. Stock and ETF trades via gettex are free for orders of EUR 500 or more, EUR 1 for smaller orders, and EUR 4 flat at other exchanges.

Fees

Item	Fee
Bonds	Available via domestic exchanges; order fee applies per exchange rules
Funds	EUR 0 sales charge on over 18,000 funds; order fee applies per exchange rules
Crypto	0.90% of the trade value; minimum EUR 1 surcharge on orders under EUR 500
Margin	3-month EURIBOR plus 3.00% per annum
Account	Free
Custody	Free; Xetra-Gold ETC: 0.10% of portfolio value per quarter
Deposit	Free
Inactivity	Free
Withdrawal	Free
Fx Conversion	Included in exchange spread; approximately 0.25% for international trades
Investment Plans	Free for ETF, stock, ETC, fund and crypto ETP savings plans; minimum savings rate EUR 1

Trading platform & features

Platforms

SMARTBROKER+ Web app
iOS app
Android app

Regulation and investor protection

SMARTBROKER+ is operated by wallstreet:online capital AG, which is authorised and supervised by BaFin under German banking and securities law. Client securities are held as ring-fenced assets at Baader Bank AG, which is itself BaFin-regulated and a member of the statutory deposit guarantee scheme of the German banking association.

Broker FAQs

Is SMARTBROKER+ safe?

SMARTBROKER+ is operated by wallstreet:online capital AG, a BaFin-supervised securities institution. Securities are held as ring-fenced assets at Baader Bank AG. Cash deposits are covered by the statutory German deposit guarantee up to EUR 100,000, with additional voluntary fund protection.

Is SMARTBROKER+ a scam?

No. SMARTBROKER+ is operated by wallstreet:online capital AG, regulated by BaFin under German securities law. Baader Bank AG acts as the regulated custodian for client assets.

Is SMARTBROKER+ regulated and by whom?

Yes. wallstreet:online capital AG, which operates SMARTBROKER+, holds a securities institution licence and is supervised by BaFin, the German Federal Financial Supervisory Authority.

Does SMARTBROKER+ keep client funds in segregated accounts?

Client securities are held as segregated ring-fenced assets (Sondervermogen) at Baader Bank AG and are not part of the broker's balance sheet. Cash deposits are covered by the German statutory deposit guarantee up to EUR 100,000.

What happens to my money if SMARTBROKER+ goes bankrupt?

Securities held at Baader Bank AG as Sondervermogen are ring-fenced and not available to creditors. Cash balances are covered up to EUR 100,000 by the statutory deposit guarantee, with additional voluntary fund protection for larger amounts.

What products does SMARTBROKER+ offer?

SMARTBROKER+ offers stocks, ETFs, investment funds, bonds, derivatives (warrants and certificates), cryptocurrencies, savings plans and margin lending. The platform provides access to over 40,000 stocks, around 3,300 ETFs, over 18,000 funds, over 40,000 bonds and more than 4.6 million derivatives.

Does SMARTBROKER+ offer ETFs?

Yes. SMARTBROKER+ offers approximately 3,300 ETFs and ETCs. ETF savings plans are available free of charge, and the EUR 0 gettex fee applies to ETF orders of EUR 500 or more.

Does SMARTBROKER+ offer crypto?

Yes. SMARTBROKER+ offers trading in 41 cryptocurrencies at a fee of 0.90% of the trade value. Crypto savings plans are also available. Crypto assets are custodied by Tangany, a BaFin-regulated partner.

Does SMARTBROKER+ offer bonds?

Yes. Bond trading was introduced in April 2024 via domestic German exchanges. Over 40,000 government and corporate bonds are listed.

Does SMARTBROKER+ offer savings plans?

Yes. Over 4,600 savings plans are available covering ETFs, ETCs, stocks, funds and crypto ETPs. All savings plan executions are free. The minimum savings rate is EUR 1.

What does SMARTBROKER+ charge for stock and ETF trades?

Trades via gettex are free for orders of EUR 500 or more, and EUR 1 for smaller orders. Trades at other exchanges such as Tradegate or Lang and Schwarz cost EUR 4 flat per order.

What does SMARTBROKER+ charge for crypto?

Crypto trades cost 0.90% of the trade value, with a minimum surcharge of EUR 1 on orders below EUR 500.

Is there a withdrawal fee at SMARTBROKER+?

No. SMARTBROKER+ does not charge a withdrawal fee. Withdrawals are made to the registered reference bank account.

Does SMARTBROKER+ charge an inactivity fee?

No. SMARTBROKER+ does not charge an inactivity fee.

What currency conversion fee does SMARTBROKER+ charge?

A currency conversion spread of approximately 0.25% is included in the exchange spread for international trades settled in a foreign currency. This is not listed as a separate line-item fee but is reflected in the execution price.

Does SMARTBROKER+ have a demo account?

No. SMARTBROKER+ does not currently offer a demo account. There is no minimum deposit, so users can open a live account and test the platform with small amounts.

Does SMARTBROKER+ have a mobile app?

Yes. SMARTBROKER+ offers iOS and Android apps introduced with the October 2023 platform relaunch, alongside the web application.

Is SMARTBROKER+ good for beginners?

SMARTBROKER+ offers a straightforward account opening process, no minimum deposit and free savings plans from EUR 1, which can suit cost-conscious beginners. However, there is no demo account, educational content is limited and the platform is available only in German.

Is SMARTBROKER+ good for long-term investing?

SMARTBROKER+ suits long-term investors focused on low-cost ETF accumulation via savings plans and gettex trades. Free custody, no inactivity fees and a broad ETF selection support a buy-and-hold approach.

Bottom line

SMARTBROKER+ suits users who want a low-cost German-market depot with free custody, commission-free gettex trading and a broad savings plan range for long-term ETF or stock accumulation. It may not suit users who need a demo account, require English-language support, trade frequently at international exchanges where the EUR 4 flat fee applies, or want joint and junior account options.

SMARTBROKER+

German investors seeking low-cost ETF trading

Open Account

Your capital is at risk. Other fees apply.