Comdirect Review 2018

4.1
Compare to best alternative broker
Comdirect logo

Comdirect is a German brokerage company. It has a banking background and it is regulated by BaFin, the German financial authority. It is listed on the Xetra and London Stock Exchange.

As a plus

Comdirect provides innovative services like social trading and robo-advisory. You can also use several high-quality research functions. Furthermore, the educational section is outstanding.

On the flip side

Comdirect's full service is only in German. Trading fees are really high, especially if you trade lower volumes. The mobile platform is also a weak point as it is not user-friendly and lacks many functions.

Recommended for German-speaking beginners and investors, focusing mainly on European securities.

Compare to other brokers

Comdirect review
Investor protection and regulation

Comdirect has a banking background and it is regulated by BaFin, the German financial regulator. It is listed on the Xetra and London Stock Exchange. Furthermore, you have €20,000 account protection. On the flip side, Comdirect doesn't provide negative balance protection.

Filter the brokers by investor protection

Comdirect review
Account opening

The account opening process is easy for German clients, but complicated for other citizens. There is no minimum funding requirement.

You can open three account types:

  • Inslandsorder: this account gives you access to German stock exchanges.
  • Auslandsorder: this account gives you access to international stock exchanges.
  • Live trading: this account gives you access to OTC markets.

At Auslandsorder account you can choose from 12 base currencies.

Comdirect-Review-Account-Opening

The account opening process is very easy and fully digital for German clients. However, it's really complicated for other citizens as they have to post their notarized and apostilled documents in German.

Comdirect-Review-Account-Opening

 

 

Comdirect review
Funding and withdrawal

The money transfer process is really user-friendly and fast. However, you can only fund or withdraw through bank transfer.

Comdirect-Review-Funding-Withdrawal

Compare to other brokers

Comdirect review
Product portfolio

Comdirect gives you access to a wide range of products. On the flip side, forex trading is missing.

Comdirect-Review-Product-Portfolio

If you open an Auslander account, you will have access only to the following markets:

  • Australia
  • Canada
  • France
  • Italy
  • Netherlands
  • Sweden
  • Switzerland
  • Spain
  • UK
  • USA

Comdirect is very innovative in aspects of its robo-advisory and social trading services. 

With robo-advisory, you can choose from portfolios based on your risk tolerance.

Comdirect-Review-Robo-Advisory

You can also use Comdirect's Social trading service, called Wikifolio. It helps you to follow other traders' investments and strategies.

Comdirect-Review-Social-Trading

Comdirect review
Fee structure

Comdirect has high trading fees, especially if you trade lower volumes.

Comdirect-Review-Fees

Inactivity fee of €5,85 is applied quarterly if you don't trade at least 2 times. Another weak point is high margin fees for holding CFD contracts overnight.

Comdirect review
Web trading platform

Comdirect has high quality and user-friendly web trading platforms.

You can either place orders directly from the Comdirect website or use an advanced trading platform, ProTrader. Furthermore, you also have an amazing CFD trading platform.

In our Comdirect review, we mainly tested the ProTrader platform.

Comdirect website's trading platform:

Comdirect-Review-Trading-Platform

ProTrader trading platform:

Comdirect-Review-ProTrader-Platform

CFD trading platform: 

Comdirect-Review-CFD-Trading-Platform

Visit broker

Comdirect review
Mobile trading platform

Comdirect's mobile trading platform is not user-friendly and the tools for professionals are missing. At the same time, the CFD mobile platform is great and user-friendly.

Visit broker

Comdirect review
Desktop trading platform

Comdirect does not provide a desktop trading platform.

Visit broker

Comdirect review
Research

Comdirect provides a quality research with many technical and fundamental analysis tools.

Comdirect-Review-Research

Compare research pros and cons

Comdirect review
Education

If you want to improve your personal investment knowledge, Comdirect has a lot to offer, but only in German.

Visit broker

Comdirect review
Customer service

Comdirect provides a very helpful and reliable customer service. You can reach out to them in sevreal channels. On the flip side, communication is only in German.

Basically, all official communication channels are German. Only at the phone, you can get English speakers.

Visit broker

Comdirect logo

Comdirect is a German brokerage company. It has a banking background and it is regulated by BaFin, the German financial authority. It is listed on the Xetra and London Stock Exchange.

As a plus

Comdirect provides innovative services like social trading and robo-advisory. You can also use several high-quality research functions. Furthermore, the educational section is outstanding.

On the flip side

Comdirect's full service is only in German. Trading fees are really high, especially if you trade lower volumes. The mobile platform is also a weak point as it is not user-friendly and lacks many functions.

Recommended for German-speaking beginners and investors, focusing mainly on European securities.

Compare to other brokers

Overall

Pros
  • Innovative services like robo-advisory
  • High-quality research tools
  • Good education
Cons
  • The full service is only in German
  • High trading fees
  • Not user-friendly mobile platform

Investor protection and regulation

Pros
  • Banking background
  • Listed on stock exchange
Cons
  • Negative balance protection not available

Account opening

Pros
  • No minimum account balance
  • Fully digital account opening process for German clients
  • More account base currencies
Cons
  • Complicated account opening for non-German citizens

Funding and withdrawal

Pros
None
Cons
  • Credit/Debit card funding and withdrawal not available

Product portfolio

  • Funds
  • Bonds

Fee structure

Pros
  • Transparent fee structure
Cons
  • High trading fees
  • Inactivity fee

Web trading platform

Pros
  • Two-step (safe) login
  • Good variety of order types
  • Good search function
  • User-friendly and comprehensive CFD trading platform
Cons
  • No price alerts available
  • Three different web platforms

Mobile trading platform

Pros
  • Two-step (safe) login
  • Order confirmation available
  • Quality CFD mobile trading platform
Cons
  • Limited order types
  • No price alerts available
  • Not user-friendly
  • Missing tools for professionals

Research

Pros
  • Good quality news flow available
  • User-friendly
  • Fundamental data
Cons
  • Not easy to filter relevant news for specific stocks

Education

Pros
  • Educational videos available
  • Webinars
Cons
  • None

Customer service

Pros
  • Phone support available
  • Live chat available
  • Fast support
  • Professional tone
Cons
  • Communication only in German

AUTHOR OF THIS REVIEW

Gergely Korpos
Gergely Korpos
Co-founder, CPO
Gergely's aim is to bring more clarity into personal investing. He has 10 years of experience in financial markets with GE Money, KPMG and MOL. He concluded thousands of trades as a commodity trader and financial portfolio manager
Follow Brokerchooser on Twitter

Share

Comments