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Comdirect Review 2024

Written by
Fact checked by
Adam N.
Updated
1w ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Desktop platform
Product selection
Regulated and trusted. Tested via live trading.
1,516 people chose this broker
Not available in United States; see best alternatives

Why choose Comdirect

Comdirect is a German investment bank offering online banking and brokerage services.

Comdirect provides access to several German, European and overseas markets. You can trade with all types of products and there is also a great mobile platform. The broker is regulated by a top-tier authority, is listed on a stock exchange and has a banking background. It is a good choice for beginner investors.

However, Comdirect has high trading fees, especially for stocks. The account opening process for non-German/Austrian residents is complicated and can take several weeks, while there is no live chat and phone support is a bit slow. Lastly, a good knowledge of German is required as the services are all in German.

BrokerChooser gave Comdirect a 3.9/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • Extensive range of products and exchanges
  • Great mobile platform
  • Rock-solid background

Explore the key metrics of Comdirect

Overall score
3.9/5
Minimum deposit
$0
Stock fee
High
Fund fee
Average
Inactivity fee
no
Account opening
>3 days

Not sure if this is the right broker for you? See the best ones.

See how the best brokers in the United States compare to Comdirect

US stock fee
Estimated commission of a $2,000 trade, assuming a $50 stock price

Fees

Score: 1.9/5
Comdirect's trading fees are high for almost all asset classes. As a plus, non-trading fees are low, there is no withdrawal fee and an inactivity fee is charged only after 3 years.
  • No withdrawal fee
  • Low inactivity fee

We compared Comdirect's fees with two similar brokers we selected, flatex and DEGIRO. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Comdirect alternatives.

High stock and ETF commission

Comdirect US stock fees are much higher than the industry average. US stock fees are calculated as follows: 0.25% of trade value + €7.9 (min. €12.9, max. €62.9)

Broker
US stock
Comdirect
$13.9
flatex
$6.4
DEGIRO
$2.2
Comdirect stock and ETF commission

Average mutual fund commission

Comdirect Mutual fund fees are much higher than the industry average. Mutual fund fees are calculated as follows: 0-5% of trade value, charged only for buying

Broker
Mutual fund
Comdirect
$20.0
flatex
$6.4
DEGIRO
$4.2
Comdirect mutual fund commission

The fund fees are between 0–5% of the trade value. We calculated with a 1% average.
There are some discount funds which you can buy free of charge.

Average bond commission

Comdirect US Treasury bond fees are much higher than the industry average. US Treasury bond fees are calculated as follows: 0.25% of trade value + €7.9

Broker
US Treasury bond
Comdirect
$33.5
flatex
$6.4
DEGIRO
-
Comdirect bond commission

No inactivity fee, no withdrawal fee

It charges no account, deposit or withdrawal fees.

Broker
Inactivity fee
Withdrawal fee
Comdirect
$0
flatex
$0
DEGIRO
$0
Comdirect inactivity, withdrawal and other fees

There is no inactivity fee for the first 3 years after opening an account.After that, Comdirect charges a €1.95 monthly fee unless you meet at least one of the following conditions:

  • Execute 2 trades in a quarter
  • Have a securities savings plan
  • Have a 'Girokonto' (checking account)

Other commissions and fees

High options fees: trading German index options is charged as follows - €4.5 per contract, min €19 per trade.

High futures fees: German index futures fees are as follows - €4.5 per contract, min €19 per trade.

High FX fees: All fees are built into the spread, so there is no separate commission charged. For example, the EUR/USD spread is 2.0.

Average margin rates: the EUR annual margin rate is 8.7%.

Broker
US stock index options
US micro e-mini stock index futures
Comdirect
-
-
flatex
-
-
DEGIRO
$7.5
$7.5
Misc. fees compared with other brokers

Safety

Comdirect is regulated by Germany's BaFin, has a banking background and is listed on the stock exchange. Clients also enjoy investor protection for cash and securities.
  • High level of investor protection
  • Banking background
  • Listed on stock exchange
Read more

Deposit and withdrawal

Score: 3.3/5
Deposits and withdrawals are free of charge, but only bank transfer is available as a method.
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
Read more

Account opening

Score: 2.5/5
Account opening is easy and fully digital for German and Austrian residents, but is complicated and slow for others.
  • No minimum deposit
  • Fully digital account opening for German/Austrian residents
Read more

Mobile app

Score: 4.7/5
Comdirect has a dedicated app for trading, which is user-friendly with a modern design. However, you can't filter searches, which makes it a bit complicated.
  • User-friendly
  • Two-step (safer) login
  • Price alerts
Read more

Desktop platform

Score: 3.5/5
Comdirect has an advanced desktop trading platform with professional charting and great customization. However, the design is a bit outdated and hard to use for non-experts.
  • Good customizability (for charts, workspace)
  • Two-step (safer) login
  • Price alerts
Read more

Product selection

Score: 4.7/5
You can trade with almost all types of assets at Comdirect. There is also a great selection within asset classes, covering a lot of German, European and overseas exchanges.
Read more
“I recommend Comdirect for investors speaking German and focusing on European securities.”

FAQ

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Author of this review

Tamás Gyuriczki

Investments • Stock Market • Market Analysis

As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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