Is flatex a good broker?
flatex has favorable pricing for trading stocks, ETFs, mutual funds and bonds. On the negative side, forex fees and margin rates are high. The fees are built into the spread, 1 pip is the average spread cost during peak trading hours.
Is Comdirect worth?
Comdirect is considered safe because it has a long track record, is listed on a stock exchange, has a banking background and is regulated by the top-tier BaFin….Comdirect pros and cons.
| Pros | Cons |
|---|---|
| • Great mobile platform | • Complicated account opening for non-German/Austrian residents |
What is the best broker in Germany?
eToro just made it to the list in fifth place.
| Broker | Score | |
|---|---|---|
| #1 | Interactive Brokers | 4.9 |
| #2 | DEGIRO | 4.8 |
| #3 | Saxo Bank | 4.8 |
| #4 | XTB | 4.8 |
Which trading platform is best in Germany?
Best German Stock Brokers
- Best Overall: Interactive Brokers.
- Best for New Traders: TradeStation.
- Best for Forex: eToro.
- Comdirect Bank.
- Inernaxx.
- TradeZero.
Can I deposit cash with Comdirect?
Free Cash Deposit – Coins and notes But customers of Comdirect Bank can use any branch office of the Commerzbank to deposit cash free of charge to your current, savings or securities account.
Is Forex legal in Germany?
In Germany, Forex trading is legal yet highly regulated by BaFIN authority. There are no laws which govern Forex trading, yet under the EU’s objective to unite the Eurozone, regulated brokers in any other member state may market to and accept German traders.
Is Forex taxed in Germany?
The new tax law requires Forex traders to make an annual summery of all winning and losing trades. Spreads or multi leg trades are 2 or more separate trades. Traders will need to deduct the sum of their losing trades (capped at 10k total) from the end sum of their winning trades. The final sum will be taxed at 26.3% .
What is Depot account in Germany?
A ‘Depot’ , short for ‘depository account’, is a German financial account held with an institution where your financial instruments such as stocks, ETF, Funds etc., are deposited. It is also referred to as a Wertpapierdepotkonto (Securities Deposit Account).
How do I close my Comdirect account?
EditablE COMDIRECT FORM If you already have your bank account at 0, Login into the online banking, go to Settings, and then Personal Data, you will find the close account procedure there.
Do Forex traders pay tax in Germany?
Traders will need to deduct the sum of their losing trades (capped at 10k total) from the end sum of their winning trades. The final sum will be taxed at 26.3% . In short – winning trades will be taxed at 26.3% and traders will be allowed to deduct a total of 2,630.00 € and not all of their losing trades/legs.
Which forex broker is best for Germany?
Here’s a list of The Best Forex Brokers for trading in Germany:
- CMC Markets.
- IC Markets.
- FP Markets.
- Plus500.
- BDSwiss.
- FXTM.
- eToro.
- Intro to Forex Brokers in Germany.
Is trading legal in Germany?
Is CFD legal in Germany?
By a general administrative act, the regulator has stipulated that CFDs with an additional payments obligation are to remain prohibited.
How do I open a depot account in Germany?
SHARES
- Step 1: Signing up with Scalable Capital using your Email ID.
- Step 2: Choose a Broker Plan for your Depot at Scalable Capital. a) FREE Broker Depot Plan. b) PRIME Broker Depot Plan.
- Step 3: Personal Information and First Deposit with Scalable Capital.
- Step 4: Identity Verification with Postident.
Can I deposit cash with comdirect?
What are the fees at flatex?
flatex charges a €5.9 flat fee per trade for funds. However, if you invest in funds selected via flatex’s savings plan, the fee is just €1.5 per trade. Bond fees at flatex are low. Similar to fund fees, the bond fees are even lower than at competitors. A €5.9 flat fee is charged after every order.
What is the minimum deposit at flatex?
There is no minimum deposit at flatex. This is good news if you want to trade in smaller amounts. Based on ownership, you can choose from three account types: corporate account. When you open an account at flatex, your account will be a cash and a securities account by default.
Is flatex a good broker in Germany?
Flatex is a German broker regulated by top-tier authorities such as the German BaFin. In addition, flatex is listed on Stuttgart Stock Exchange and has a banking background. I just wanted to give you a big thanks!
What type of account does flatex offer?
corporate account. When you open an account at flatex, your account will be a cash and a securities account by default. Afterward, you can activate the forex accounts separately if you want to trade these assets.