Traders Place Review

German investors seeking broad product access

BaFin

Founded 2023 · Germany · GRAWE Group

Why investors choose this broker

Free account maintenance and no inactivity fee
Free trades on gettex for orders of EUR 500 or more
Free ETF and stock savings plans
Access to 40+ domestic and international exchanges

Review summary

Traders Place is a German neo-broker launched in 2023, offering stocks, ETFs, funds, bonds, derivatives, and crypto through a proprietary web and mobile platform backed by Baader Bank.

Pros

Free account maintenance and no inactivity fee
Free trades on gettex for orders of EUR 500 or more
Free ETF and stock savings plans
Access to 40+ domestic and international exchanges
Large product range: 40,000+ stocks, 2,500+ ETFs, 14,000+ funds, 4.5 million derivatives
Cash interest of 1.75% p.a. via a separate savings sub-account (minimum EUR 5,000; balances below EUR 5,000 earn no interest)
Securities held as segregated assets at Baader Bank
Recognised as Best Neo-Broker in Germany by Biallo

Cons

Deposits and withdrawals only by bank transfer - no card or instant payment
No demo account
No fractional shares
Derivatives orders cost EUR 5.00 flat for non-premium providers (premium partners are free for orders EUR 500+)
EUR 0.95 surcharge for trades below EUR 500
No third-party platforms such as MetaTrader or TradingView
Customer support limited to weekdays 9:00-16:30
Very new broker - launched August 2023, limited track record

Company background

Traders Place is a German neo-broker headquartered in Freilassing, Bavaria, operated by Traders Place GmbH & Co. KGaA. It launched in August 2023 and is majority-owned by GRAWE Group (Grazer Wechselseitige Versicherung), an Austrian mutual insurance group. The platform offers stocks, ETFs, funds, bonds, derivatives, and crypto, positioning itself as a neo-broker with the product range of a traditional full-service broker.

Fees and pricing

Account maintenance, deposits, and withdrawals are free. Trades on gettex cost nothing for orders of EUR 500 or more; smaller orders carry a EUR 0.95 surcharge. Tradegate costs a flat EUR 5.00; Xetra starts from around EUR 6.50 (broker commission plus exchange and custody bank fees); international exchanges carry a EUR 3.00 base fee plus a percentage. Derivatives cost EUR 5.00 per order for non-premium providers; trading with major premium partners (BNP Paribas, Morgan Stanley, Societe Generale, Vontobel) is free for orders of EUR 500 or more. Savings plans for ETFs, funds, and stocks execute free with major plan partners. There is no inactivity or custody fee. Margin lending is available at 3 percentage points above EURIBOR. A separate savings sub-account pays 1.75% per annum on balances from EUR 5,000; the standard settlement account pays no interest.

Regulation and safety

Traders Place GmbH & Co. KGaA is authorised by BaFin as a German securities institution and is subject to Bundesbank supervision. Client assets are held at Baader Bank AG. Cash is protected up to EUR 100,000 under statutory deposit insurance, with additional coverage through the Bundesverband deutscher Banken fund. Securities are held as Sondervermogen (segregated assets), legally separate from Traders Place and Baader Bank balance sheets.

Platform experience

Traders Place offers a proprietary web platform and iOS and Android apps. It does not support MetaTrader, TradingView, or other third-party platforms. The platform provides access to more than 40 domestic and international exchanges. No demo account is available. Crypto trading covers 59 cryptocurrencies as real coins through Tangany GmbH. Fractional shares are not supported.

Pros and cons

Main strengths: broad product range, free gettex execution for standard-sized orders, no-fee savings plans, free account maintenance, a savings sub-account paying 1.75% p.a. on balances from EUR 5,000, and segregated custody at Baader Bank. Main drawbacks: no demo account, no fractional shares, EUR 5.00 derivatives fee for non-premium providers, EUR 0.95 surcharge for sub-EUR 500 gettex trades, higher costs on Tradegate and Xetra, bank transfer only for deposits and withdrawals, and limited support hours.

Ready to open an account at Traders Place?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

Account maintenance, deposits and withdrawals are free. Trades on gettex of EUR 500 or more cost nothing; smaller orders carry a EUR 0.95 surcharge, and savings plans execute free of charge.

Fees

Item	Fee
Bonds	Same commission schedule as stocks; varies by exchange
Funds	Free for fund savings plans with major partners; EUR 0.50 for other fund plans
Crypto	0.9% of trade value; EUR 1.00 minimum surcharge for orders under EUR 500; held as real coins through Tangany GmbH
Margin	3 percentage points above EURIBOR
Account	Free
Custody	Free
Deposit	Free (bank transfer only)
Options	EUR 5.00 per derivatives order (certificates and warrants) for non-premium providers; free for premium partners (BNP Paribas, Morgan Stanley, Societe Generale, Vontobel) on orders EUR 500+
Inactivity	Free
Withdrawal	Free

Trading platform & features

Platforms

Traders Place Web
iOS app
Android app

Regulation and investor protection

Traders Place GmbH & Co. KGaA is authorised and supervised by BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht) as a German securities institution. Client cash accounts and securities deposits are held at Baader Bank AG, with cash protected up to EUR 100,000 under statutory deposit insurance and securities held as segregated assets (Sondervermogen).

Broker FAQs

Is Traders Place safe?

Traders Place is authorised by BaFin as a German securities institution. Client cash and securities are held at Baader Bank AG, with cash covered up to EUR 100,000 under statutory deposit insurance and securities held as segregated assets.

Is Traders Place a scam?

No. Traders Place is a BaFin-regulated German securities institution. It has received industry awards including Best Neo-Broker recognition from the independent consumer portal Biallo.

Is Traders Place regulated and by whom?

Yes. Traders Place GmbH & Co. KGaA is authorised and supervised by BaFin (Bundesanstalt fur Finanzdienstleistungsaufsicht) and subject to oversight by the Bundesbank.

Does Traders Place keep client funds in segregated accounts?

Client securities are held as Sondervermogen (segregated assets) at Baader Bank, meaning they are kept separate from both Traders Place and Baader Bank's own assets. Cash balances are held in segregated accounts at Baader Bank.

What happens to my money if Traders Place goes bankrupt?

Cash is covered up to EUR 100,000 by statutory deposit insurance, with additional protection through the Bundesverband deutscher Banken fund. Securities are held as segregated assets and are not part of either Traders Place or Baader Bank's insolvency estate.

Who owns Traders Place?

Traders Place GmbH & Co. KGaA is majority-owned by GRAWE Group (Grazer Wechselseitige Versicherung), an Austrian mutual insurance group with over 190 years of history.

What products does Traders Place offer?

Traders Place offers stocks, ETFs, funds, bonds, derivatives (certificates and warrants), and cryptocurrencies. It also offers savings plans for ETFs, funds, and stocks, and margin lending.

Does Traders Place offer ETF savings plans?

Yes. ETF savings plans execute free of charge with major plan partners. Savings plans for stocks are also available at no commission.

Does Traders Place offer cryptocurrencies?

Yes. Traders Place offers 59 cryptocurrencies as real coins, custodied by Tangany GmbH.

Does Traders Place offer derivatives?

Yes. Traders Place offers access to approximately 4.5 million certificates and warrants. Each derivatives order costs EUR 5.00 for non-premium providers; trading via major premium partners (BNP Paribas, Morgan Stanley, Societe Generale, Vontobel) is free for orders of EUR 500 or more.

What does Traders Place charge for stock and ETF trades?

Trades on gettex cost nothing for orders of EUR 500 or more. Orders below EUR 500 carry a EUR 0.95 surcharge. Tradegate costs a flat EUR 5.00; Xetra starts from around EUR 6.50 (broker commission plus exchange and custody bank fees). International exchanges carry a EUR 3.00 base fee plus a percentage of order value.

Is there a withdrawal fee at Traders Place?

No. Withdrawals are free of charge. Deposits and withdrawals are processed by bank transfer only.

Does Traders Place charge an inactivity fee?

No. Traders Place does not charge an inactivity fee.

Is there a custody fee at Traders Place?

No. Account maintenance and custody are free of charge.

Does Traders Place have a demo account?

No. Traders Place does not offer a demo account.

Does Traders Place have a mobile app?

Yes. Traders Place provides iOS and Android apps in addition to the web platform.

Is Traders Place good for beginners?

Traders Place has a clean interface, free savings plans, and no account maintenance fee, which may suit investors starting out. However, the absence of a demo account and limited customer support hours may be a drawback for new investors.

Is Traders Place good for long-term investing?

Traders Place offers free savings plans, no custody fees, a broad product range, and cash interest on uninvested balances, which suits long-term investors. It does not offer fractional shares or automatic dividend reinvestment.

Bottom line

Traders Place suits users who want a broad product range including stocks, ETFs, funds, bonds, derivatives, and crypto under one roof, with free savings plans and no custody or inactivity fees. It may not suit users who need a demo account, fractional shares, instant payment methods, extended support hours, or third-party trading platforms.

Traders Place

German investors seeking broad product access

Open Account

Your capital is at risk. Other fees apply.