Traders Place
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