Comdirect is a quality online broker best suited for German speakers who like to have access to wide range of securities traded on German exchanges, while also doing occasional trades at other major markets.
Comdirect is a German bank, which offers online banking, brokerage and advisory services. It is listed on the stock exchange, majority owned by Commerzbank and regulated by German authorities, all of which underlines its credibility. Funds up to 20k EUR are protected by German investor protection scheme.
While mainly used by German citizens and for trading at German exchanges, Comdirect account can be opened by any EU national, just be prepared that everything is in German.
Comdirect offers comprehensive and customizable trading platforms while keeping a user-friendly interface.
While fees are certainly not the lowest you can find, they compare well with other bank-based brokerages. In terms of fees, Comdirect positions somewhere in the mid-market. It has attractive mutual fund and CFD fees, but relatively high derivative fees. Stock trades with 0.25% variable component + flat fee and ~10 EUR minimum and ~60 EUR maximum caps.
Comdirect also provides quality CFD offering with access to > 1,200 contracts, individually configurable but an easy-to-use trading platform and supporting analytical features.
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