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Comdirect Logo

Summary

Recommended for german-speaking investors and CFD traders focusing on European securities

Comdirect is a German investment bank established in 1994. It is regulated by the Federal Financial Supervisory Authority (BaFin) and is listed on both Xetra and the London Stock Exchange (LSE).

Comdirect is considered safe because it has a long track record, is listed on stock exchanges, has a banking background, and is regulated by the top-tier BaFin.

Overall Rating
4.4
Fees
2.0
Account opening
3.0
Deposit and withdrawal
4.0
Trading platform
4.0
Markets and products
5.0
Research
4.0
Customer service
3.0
Education
5.0

Comdirect pros and cons

Comdirect has access to several German, European and overseas markets. You can trade with all product types on a great mobile platform too. The broker is regulated by a top-tier regulator, listed on multiple exchanges, and has a banking background.

Comdirect has high trading fees, with stock fees being exceptionally high. The account opening for non-German and non-Austrian residents is complicated and can take more weeks. The live chat is not available and phone support is a bit slow. Lastly, as most of the services are in German, good German language skill is needed.

Pros Cons
Extensive range of products and exchanges High fees
Well-made mobile platform Complicated account opening for non-German and non-Austrian residents
Rock-solid background Slow phone support and no live chat
Comdirect main features and highlights
🗺️ Country of regulation Germany
💰 Trading fees class High
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $0
🕖 Time to open an account >3 days
💳 Deposit with credit card Not available
👛 Depositing with electronic wallet Not available
💱 Number of base currencies supported 12
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants
Gergely Korpos

Gergely Korpos

Co-founder, CPO

Author of this review

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

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

Comdirect review
Fees

2.0
Comdirect's trading fees are high for all asset classes, except bonds. As a plus, the non-trading fees are low, there is no withdrawal fee and inactivity fee is charged only after 3 years.
Pros Cons
No withdrawal fee High trading fees
High stock and ETF fees
High forex fees
Comdirect fees snapshot
Assets Fee level Fee terms
US stock High 0.25% of trade value + €7.9, min €12.9 max €62.9
EURUSD High The fees are built into spread, 2 pips is the spread cost
Mutual fund High 0-5% of trade value, only the buying is charged
Inactivity fee Low No inactivity fee in the first 3 years after account, then €1.95 per month if you don't satisfy criteria, such as min 2 trades per quarter

How we ranked fees

We ranked Comdirect's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

In the sections below, you will find the most relevant fees of Comdirect for each asset class. For example, in the case of stock investing the most important fees are commissions.

We also compared Comdirect's fees with those of two similar brokers we selected, Flatex and Degiro. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Comdirect alternatives.

To have a clear overview of Comdirect, let's start with the trading fees.

Comdirect trading fees

Comdirect's trading fees are high, but the fee structure is transparent.

Stock fees and ETF fees

Comdirect has high stock and ETF fees. The US stock fee is a bit lower than Flatex's fees, but both UK and German stock fees are higher than the closest competitors.commissions. to Degiro and Saxo Bank.

Comdirect stock and ETF commission of a $2,000 trade
  Comdirect Flatex Degiro
US stock $14.2 $17.5 $0.6
UK stock $14.2 - $2.5
German stock $10.9 $6.5 $5.6

When you trade stocks at Comdirect, the commission is calculated from a base fee and a volume-based value. The fees are different for each exchange. 

Stock fees at Comdirect
Markets Commission Minimum Maximum
Germany 0,25% + €4,90 €9,90 €59,90
Other markets 0,25% + €7,90 €12,90 €62,90

If you prefer stock trading on margin or short sale, you should check Comdirect financing rates.

A financing rate, or margin rate, is charged when you trade on margin or short a stock. This basically means that you borrow money or stocks from your broker to trade. For this borrowed money/stock you have to pay interest. This is the financing rate. It can be a significant proportion of your trading costs.

Comdirect financing rates are average. The financing rates vary based on the base currency of your margin account.

Comdirect annual financing rates for stocks, futures and options
  Comdirect Flatex Degiro
EUR margin rate 4.0% 7.9% 0.8%

The financing rates above are also applied for the options and futures trading.

Forex fees

Comdirect's forex fees are high. It's even higher than Flatex's fees. DEGIRO doesn't provide forex trading.

To have a clear picture of forex fees we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Comdirect forex benchmark fee of a $20,000 30:1 long position held for one week
  Comdirect Flatex Degiro
EURUSD benchmark fee $26.4 $24.6 -
GBPUSD benchmark fee $23.0 $20.5 -
AUDUSD benchmark fee $23.7 $20.5 -
EURCHF benchmark fee $19.7 $17.5 -
EURGBP benchmark fee $24.8 $22.2 -

Fund fees

Comdirect fund fees are high. Comdirect fund buy fees vary between 0% and 5%. We calculated with a 1% average. 

There are some discount funds which you can buy free of charge.

Comdirect commission for a $2,000 fund purchase
  Comdirect Flatex Degiro
Mutual fund $20.0 $6.5 $10.3

Bond fees

Comdirect has average bond fees. It's higher than the fees of Flatex or DEGIRO, but not as high as Saxo Bank's $88 fee.

Comdirect commission of a $10,000 government bond trade
  Comdirect Flatex Degiro
US Treasury bond $33.7 $6.5 -
EU government bond $30.4 $6.5 $11.3

When you trade with bonds, fees may be applied from the different stock exchanges just like when you trade with stocks.

Bond fees at Comdirect
Markets Commission Minimum Maximum
Germany 0,25% + €4,90 €9,90 €59,90
Other markets 0,25% + €7,90 €12,90 €62,90

Options fees

Comdirect's options fees are high.

Comdirect stock index options commission of 10 contracts
  Comdirect Flatex Degiro
German stock index options $49.5 - $9.9

Each index option contract costs €4,5, and there is a minimum of €19 per trade.

Futures fees

Comdirect futures fees are high.

Comdirect stock index futures commission of 10 contracts
  Comdirect Flatex Degiro
German stock index futures $49.5 - $9.9

Just like in the case of options, each future index or ETF contract costs €4,5, and there is a minimum of €19.

A futures stock contract costs €2,50 with a €19 minimum.

CFD fees

Comdirect has average CFD trading fees. The stock index CFDs are low, while the stock CFDs are high.

To have a clear understanding of CFD fees we calculated a CFD benchmark fee for the selected products. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

Comdirect CFD benchmark fees, for a $2,000 long position held for one week
  Comdirect Flatex Degiro
S&P 500 CFD benchmark fee $2.8 - -
Europe 50 CFD benchmark fee $2.5 - -
Apple CFD benchmark fee $24.0 $13.2 $2.4
Vodafone CFD benchmark fee $23.9 $13.1 $11.9

We calculated with 20:1 leverage for stock index CFDs and 5:1 leverage for single stock CFDs.

Comdirect CFD commissions
Indices No commission, only spread
Currencies No commission, only spread
Commodities No commission, only spread
Bonds No commission, only spread
Stocks 0.10%, min. €4.9, max. €59.9
DAX futures 0.01%, min. €4.9, max. €59.9
Other index futures 0.02%, min. €4.9, max. €59.9

Crypto fees

At Comdirect you can buy cryptos through ETNs (exchange-traded notes). If you want to understand what is a crypto ETN check out our crypto blogpost.

The ETNs are listed on the Stockholm stock exchange. The commission for trading on this stock exchange: 0.25% of trade value plus €7.90 flat fee with €12.90 min and €62.90 max.

Non-trading fees

Comdirect has low non-trading fees. It charges no account, deposit, and withdrawal fees.

There is no inactivity fee for the first 3 years. Then Comdirect charges €1,95 unless you do one of the following:

  • Do 2 trades in a quarter 
  • Have a securities savings plan 
  • Have a 'Girokonto'
Comdirect non-trading fees
  Comdirect Flatex Degiro
Account fee No No No
Inactivity fee No No No
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $0

Comdirect review
Account opening

3.0
Account opening is easy and fully digital for German and Austrian residents, but complicated and long for residents outside these two countries.
Pros Cons
No minimum deposit Slow
Fully digital account opening for German and Austrian residents Not fully digital
Complicated account opening for non-German residents

Can you open an account?

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It is not transparent from which countries you can open an account. We believe that from most European countries it is possible to open an account. However, opening an account for a non-German/non-Austrian citizen is more complicated.

We recommend opening an account only if you have a stable knowledge in German as the account opening process and all services are in German. 

What is the minimum deposit at Comdirect?

The required Comdirect minimum deposit is $0. This is great if you would like to trade in smaller amounts.

Account types

At Comdirect, there are 4 accounts dedicated to trading:

  • 'Comdirect Depot' is the base account for securities trading. If you would like to trade with any asset type on the German exchanges, you have to register a Depot account first
  • 'Währungsanlagenkonto' lets you trade on exchanges outside Germany. It has to be registered to your base 'Depot' account
  • 'LiveTrading' account lets you trade on Comdirect's own OTC market with special conditions, such as trading outside trading hours, and instant order completion
  • If you would like to trade CFDs, you have to open a 'CFD-Konto'. It can be done within your 'comdirect Depo' account, or as a seperate registration.

During our test, we opened a 'Depot' and a 'CFD-Konto' account.

How to open your account

If you reside in Germany or Austria, the account opening process is fully digital and convenient via video athentication.

Account opening from other countries is very complicated. You will have to go through a notarial identification process at your home country and send your application via the post. It's similar to Flatex.

After verification, you will be sent a mail consisting of TAN codes. It is used for first time logins. After that, multiple authentication methods can be used to login.

Comdirect review - Account opening

Comdirect review
Deposit and withdrawal

4.0
Deposits and withdrawals are free of charge, but they are only available through a bank transfer.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
Several account base currencies

Account base currencies

At Comdirect, you can choose from 12 base currencies.

Available base currencies at Comdirect
Australian Dollar British Pound Canadian Dollar
Hungarian Forint Japanese Yen Mexican Peso
Norwegian Krone Polish Zloty South African Rand
Swedish Krona Turkish Lira US Dollar

This account base currency selection is great in comparison with the competitors.

Base currencies at Comdirect vs similar brokers
  Comdirect Flatex Degiro
Number of base currencies 12 1

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. Revolut or Transferwise both offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

Comdirect charges no deposit fees. On the other hand, you can use only bank transfer.

Comdirect deposit options
  Comdirect Flatex Degiro
Bank transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No Yes

A bank transfer can take several business days, while payment with a credit/debit card would be in an instant.

You can only deposit money through a bank transfer from accounts which are in your name.

Comdirect review - Deposit and withdrawal - Deposit

Comdirect withdrawal fees and options

Comdirect charges no withdrawal fees. Similarly to deposit, you can use only bank transfer.

Comdirect withdrawal fees and options
  Comdirect Flatex Degiro
Bank Transfer Yes Yes Yes
Credit/Debit card No No No
Electronic wallets No No No
Withdrawal fee $0 $0 $0

How long does it take to withdraw money from Comdirect? We tested the bank transfer withdrawal and it took more than 3 business days.

You can only withdraw money to accounts in your name.

How do you withdraw money from Comdirect?

  • Login in to your account
  • Click on 'Konto & Karte'
  • From the menu, choose Überweisung
  • Fill in the details and click on 'Weiter'

 

Compare to other brokers

Comdirect review
Web trading platform

4.0
Comdirect's web platform is well-designed and easy to use. It has great customization options, but it lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report CFD trading is on a separate platform
Two-step (safer) login
Comdirect platforms to choose from
Trading platform Score Available
Web 4 / 5 stars Yes
Mobile 5 / 5 stars Yes
Desktop 3 / 5 stars Yes

You can use two web trading platforms: Comdirect's website and CFD Trader. Comdirect's website is for managing your account and investing in securities, like stock or bonds. If you would like to trade with CFDs or forex, you have to use CFD Trader.

Both trading platforms are only available in German.

Look and feel

Comdirect's web platform is well-designed and easy to use. Everything can be easily found.

Your homepage is customizable too. You can choose what graphs or news you want to see. 

Comdirect review - Web trading platform

Login and security

There are multiple ways to login to your homepage: either SMS-authentication or photoTAN can be used.

The latter one is basically a QR code-like scan feature, which requires a separate photoTAN app on your phone. To use this feature, first you have to authenticate yourself with the TAN codes sent to you by mail.

Search functions

The search functions work well.

When you type in a product name, upon hitting enter, the closest asset related to your search are presented. Click on 'Treffersliste' to see all related products. You can choose asset classes, or filter the results by asset type, price or exchange.

Comdirect review - Web trading platform - Search

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Stop
  • Trailing Stop
  • OCO, One-Cancels-Others

To get a better understanding of these terms, read this overview of order types.

There are also order time limits you can use to make your trading convenient:

  • Good 'til Canceled (GTC)
  • Good 'til Day (GTD)
  • Good This Month (GTM)

Comdirect review - Web trading platform - Order panel

Alerts and notifications

You can't set price alerts, but you can set notifications, such as email notifications of your orders.

Portfolio and fee reports

Comdirect has clear portfolio and fee reports. Just go to 'Persönlicher Bereich', then click on  'Depot' and 'Depotübersicht'.

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Comdirect review
Mobile trading platform

5.0
Comdirect has a dedicated app for trading. It is user-friendly with a modern design. You can also set price alerts. On the other hand, you can't filter when you search, which makes it a bit complicated.
Pros Cons
User-friendly None
Two-step (safer) login
Price alerts

Comdirect has multiple mobile apps in the respective application stores.

  1. Comdirect: it's an overall mobile platform for your banking and trading needs.
  2. photoTan: it helps you to authenticate through a QR code-like system.
  3. Mobile Comdirect: it's the old version of the Comdirect app.
  4. Trading: Comdirect's dedicated trading app.

All apps are available both on Android and iOS. In this review, we tested Comdirect's Trading app on iOS. It is only available in German.

 Look and feel

The mobile app is a stripped-down, minimalistic version of the web platform. Only the most important features have a place on the UI, such as news or the best performing asset at the moment.

Comdirect review - Mobile trading platform

Login and security

Comdirect provides a safe login through the photoTAN. Biometric authentication is also available, which makes login more convenient.

Search functions

The search functions are OK. You can search for products by tapping on the top right corner.

On the other hand, you can't set up any custom filters. This makes searching a bit complicated. 

Comdirect review - Mobile trading platform - Search

Placing orders

When placing an order, you can choose between an inland order, which will be completed on one of Germany's exchanges. If you choose LiveTrading, you will be directed to Comdirect's OTC market, where your order will be completed instantly in different circumstances, for example without stock or exchange fees regardless of trading hours. For each method, different order types are available.

For "Inlandsorders", the following order types are available:

  • Market
  • Limit
  • Stop
  • Trailing Stop

There are also order time limits you can use:

  • Good 'til Canceled (GTC)
  • Good 'til Day (GTD)
  • Good This Month (GTM)

Comdirect review - Mobile trading platform - Order panel

Alerts and notifications

You can set price alerts and notifications.

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Comdirect review
Desktop trading platform

3.0
Comdirect has an advanced desktop trading platform is an advanced charting platform featuring great customization options. The design is a bit outdated and it is recommended for advanced traders.
Pros Cons
Good customizability (for charts, workspace) No clear fee report available
Two-step (safer) login Outdated design
Price alerts

Comdirect's ProTrader launches in a separate Java client on your computer. Click on 'Persönlicher Bereich' - 'ProTrader' to launch it. It is only available in German.

Look and feel

ProTrader has an outdated design, but you can have all information in one window, which is quite extraordinary. You can also create your own layouts with the help of 47 technical indicators. which is a great feature. But a new client may have difficulties to use this platform

Comdirect review - Desktop trading platform

Login and security

To use this platform, first you have to login to the website which has different 2-step authentication methods

Search functions

The search functions okay. When you search for a product, the most relevant products will be shown. The filter settings are great if you know which asset type or exchange you need. The only downside is that it feels outdated, and it took us some time to find all features.

Comdirect review - Desktop trading platform - Search

Placing orders

You can use the following order types on ProTrader:

  • Limit
  • Trailing
  • Stop
  • OCO

It is great that you can choose on which exchange you want to have your order completed. On the other hand, you have to do this manually. Each option is listed next to the product's name in a separate column.

If you are not familiar with the order types, read this overview.

There are also order time limits you can use:

  • Good 'til Day, (GTD)
  • Good This Month (GTM)

Comdirect review - Desktop trading platform - Order panel

Alerts and notifications

You can set alerts and notifications on ProTrader. Click on 'Watchlisten' and then set the limit. As soon as the price has been reached, you will receive a pop-up with a sound signal.

Portfolio and fee reports

The fee reports are only available on Comdirect's client website. 

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Comdirect review
Markets and products

5.0
Comdirect gives access to all asset classes. Within most asset classes, the product selections are also great, covering a lot of German, European and overseas exchanges.
Comdirect asset classes
  Comdirect Flatex Degiro
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes Yes No
Fund Yes Yes Yes
Bond Yes Yes Yes
Options Yes No Yes
Futures Yes No Yes
CFD Yes Yes No
Crypto Yes No No

The product range and the available number of markets at Comdirect are great. Every asset class is available for trading, with an exceptional range of bonds and mutual funds.

Stocks and ETFs

Comdirect has great stock and ETF selection. It's better than Flatex's, but a bit worse than DEGIRO's selections.

Comdirect stock and ETF selection
  Comdirect Flatex Degiro
Stock markets (#) 27 22 30
ETFs (#) 1,700 860 5,400

Beyond German exchanges, Comdirect has access to both EU and overseas markets

Available exchanges at Comdirect
Country Exchange
Australia Sydney Exchange
France Euronext Paris
Great-Britain London Stock Exchange
Italy Milan Exchange
Canada Toronto Stock Exchange and TSX Venture Exchange
Netherlands Euronext Amsterdam
Sweden OMX Stockholm and First North Stockholm
Switzerland SIX Swiss Exchange
Spain Madrid Exchange
United States New York Stock Excange, NASDAQ, AMEX and OTC

Forex

The forex pair selection is wide. It's the same as at Flatex.

Comdirect forex selection
  Comdirect Flatex Degiro
Currency pairs (#) 71 70 -

Funds

Comdirect has a great mutual fund selection.

Comdirect mutual fund selection
  Comdirect Flatex Degiro
Fund providers (#) 150 60 68

You can find famous fund providers, like Morgan Stanley, Vanguard, Blackrock or Fidelity.

Bonds

Comdirect has an excitingly large number of bonds to trade. These are both government and corporate bonds. It is higher than either Degiro or Flatex. 

Comdirect bond selection
  Comdirect Flatex Degiro
Bonds (#) 39,500 30,000 870

Options

Comdirect gives access to a few options exchanges.

Comdirect options selection
  Comdirect Flatex Degiro
Options markets (#) 5 - 13

Futures

Just as options, the selection of the futures is not competitive. You can trade futures only on Eurex.

Comdirect futures selection
  Comdirect Flatex Degiro
Futures markets (#) 1 - 15

CFDs

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Comdirect has an average CFD range. It's almost the same as Flatex's selection.

Comdirect CFD selection
  Comdirect Flatex Degiro
Stock index CFDs (#) 30 22 -
Stock CFDs (#) 1,000 2,000 900
Commodity CFDs (#) 19 13 -
Bond CFDs (#) 4 - -
Futures CFDs (#) 33 46 -

Cryptos

The crypto-range of Comdirect is excellent.

Comdirect crypto selection
  Comdirect Flatex Degiro
Cryptos (#) 10 - 4

You can trade with a lot of cryptos.

List of available cryptocurrencies
Bitcoin (BTC) Ethereum (ETH)
Ripple (XRP) Bitcoin Cash (BCH / BCC)
Dash (DASH) Litecoin
Monero (XMR) NEO (NEO)
Ether Classic (ETC) Zcash (ZEC)

Social trading 

Comdirect provides a social trading service through Wikifolio, just like at FlatexWikifolio is a third-party online platform where traders publish and supervise their trading ideas.

Comdirect review
Research

4.0
Comdirect's research capabilities are great, with many tools to choose from. Both on ProTrader, and on the web platform all infos are easily accessible. On the other hand, news are only available in German.
Pros Cons
Good interactive chart News are only available in German
Trading ideas
Data on asset fundamentals

Most research tools are available on the website.

Trading ideas

Comdirect shows a sneak-peak of the best performing products at the time. You can tweak your settings to see weekly or intraday movements too.Comdirect review - Research - Recommendations

Fundamental data

On Comdirect's website, you can have access to a great amount of fundamental data, mainly for stocks. From historical income statements to financial balances or company portfolio summaries, most of the data is ready to check in one place. 

Basic fundamental data is also available for indices, funds and bonds. For example, you can check which stocks are part of an index.

Comdirect review - Research - Fundamental data

Charting

Comdirect's charting tools are best when used on the ProTrader. You can use 47 technical indicators, with the possibility to create your own charts. This is a great feature, it can help a lot with your technical analysis.

Comdirect review - Research - Charting

News feed

On ProTrader the news feed has an old, clunky design. The UI is much better on the website. You can find the latest or top news of the world. Upon clicking 'Hilfe & Service', then 'Finanzwissen' you can subscribe to a newsletter that gives you regular background reports on stock markets and new products by independent editors and Comdirect. On the other hand, the newsletter, the dictionary, and all news features are only available in German: some international users would miss a lot because of this.

Other research tools you will enjoy

Comdirect has great screeners. A screening tool is basically an advanced searching tool, where you save tons of filters to find the best products for yourself. Comdirect has screening tools for almost all the asset classes.

Compare research pros and cons

Comdirect review
Customer service

3.0
Comdirect's customer services on the phone and email work great. On the other hand, sometimes they are slow, and live chat is temporarily disabled. All communication is in German only.
Pros Cons
Phone support Slow phone support
Relevant answers Deactivated live-chat
24/7 support

You can contact Comdirect via:

  • email
  • telephone
  • 'Live-Support' shared desktop feature

Email responses arrived within a day, sometimes after a day. The answers were all relevant and helpful.

The representatives on the phone were super nice and helpful. However, the wait times to call them were over 4 minutes at certain times.

There is a new 'Live-Support' feature which lets you share your platform with a manager for direct interaction. We also liked that the customer service is available 24/7.

On the negative side, Comdirect has disabled their live chat feature. We think this is the most efficient way to ask quick questions.

Comdirect review - Customer Service

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Comdirect review
Education

5.0
At Comdirect, you can broaden your financial knowledge with multiple tools ranging from videos to quality articles.
Pros Cons
Demo account None
Trading platform tutorial
Educational videos

At Comdirect you can learn in the following ways:

  • Demo CFD account
  • Platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles

To use the demo account, you can register separately. We think this is the best way to experience trading at any broker.

We liked Comdirect magazin, which contains interesting articles in multiple market-related topics.

There is also a glossary a. k. a. 'Börsenlexikon' to help you get comfortable with unfamiliar financial expressions and terms.

Just like other services, all content is available in German.

Comdirect review - Education

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Comdirect review
Safety

Comdirect is regulated by the German Federal Financial Supervisory Authority (BaFin). It has a banking background and is listed on Xetra and the London Stock Exchange (LSE). Clients can receive up to €100,000 protection for cash deposits and €20,000 for securities.
Pros Cons
Majority of clients belong to a top-tier financial authority None
Banking background
Listed on stock exchange

Is Comdirect regulated?

Yes, it is regulated by a Federal Financial Supervisory Authority (BaFin), the German top-tier regulator.

Is Comdirect safe?

To be certain, we highly advise that you check two facts: how you are protected if something goes wrong and what the background of the broker is

How you are protected

Comdirect provides its broker services under the entity Comdirect bank AG. Therefore, all clients are eligible for the same amount of investor protection.

Comdirect investor protection
Country of clients Protection amount Regulator Legal entity
All countries

€20,000 for securities

€100,000 for cash deposits
Bundesanstalt für Finanzdienstlungsaufsicht (BaFin) Comdirect bank AG

Comdirect provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection.

Background

Comdirect is based in Germany and was founded in 1994. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Its parent company is Commerzbank, holding 80% of Comdirect's shares. It is a good sign for Comdirect's safety, as a strong parent company can provide further financial stability for an online broker.

Having a banking license, being listed on Xetra and LSE, and regulated by the top-tier BaFin are all great signs for Comdirect's safety.

Find your safe broker

Comdirect review
Bottom line

Comdirect is a German online broker established in 1994. Its parent company is Commerzbank, one of the biggest banks in Germany.

It is recommended for traders with strong German knowledge.

It has access to both European and overseas exchanges with a wide range of products, their mobile platform is great and the broker is considered safe because it has a banking background, multiple stock exchange listings and is regulated by a top-tier regulator.

On the other hand, fees are high, especially stock fees. Account opening is available for all residents outside Germany and Austria, but it is complicated and could take multiple weeks. Live chat is temporarily disabled and phone support is a bit slow.

If you are looking for a customizable web and desktop platform for trading in the German markets, feel free to try out Comdirect.

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