The best alternatives to Comdirect are
Let's see in a bit more detail how the Comdirect alternatives compare to Comdirect and each other:
| Comdirect | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| Overall score | 4.4 | 4.0 | 4.3 | 4.8 |
| Fees score | 2.1 | 2.2 | 5.0 | 2.9 |
| Account opening score | 2.6 | 1.8 | 1.3 | 2.6 |
| Deposit and withdrawal score | 3.5 | 2.5 | 3.3 | 4.8 |
| Web platform score | 4.4 | 3.3 | 3.9 | 4.5 |
| Markets and products score | 5.0 | 4.1 | 3.6 | 5.0 |
| Visit broker | Visit broker |
Visit broker
Waiting list and longer account opening time |
Visit broker |
Why are these brokers considered good alternatives to Comdirect? There are many areas based on which Comdirect can be compared with others. When we say a given online broker is a good alternative to Comdirect we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
Comdirect alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- Comdirect is recommended for investors and cfd traders speaking germand and focusing on european securities
- Flatex is recommended for investors and cfd traders speaking german and focusing on european securities
- DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
- Saxo Bank is recommended for investors and traders looking for a great trading platform and solid research
Important factors of finding Comdirect alternatives
So far BrokerChooser has reviewed 62 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether Comdirect or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Comdirect is considered to be a rather expensive broker. This gives you a good chance to cut your costs by choosing a cheaper Comdirect alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Comdirect, the account opening is slower than average, so if you consider this important some Comdirect alternatives can be a good choice.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Comdirect, some alternatives might allow you to do that.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Comdirect alternative is a must.
Now let's dive into the details of how Comdirect and its alternatives perform in the most important areas!
Comdirect alternatives
Comdirect
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.
Recommended for investors and cfd traders speaking germand and focusing on european securities
| 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 |
Fees
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 | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| US stock | $14.2 | $17.5 | $0.6 | $10.0 |
| UK stock | $14.2 | - | $2.4 | $9.6 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k
Account opening
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 |
| Comdirect | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $10,000 |
| Time to open account | >3 days | >3 days | >3 days | 1-3 days |
Learn more about Comdirect minimum deposit here.
Deposit and withdrawal
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 |
| Comdirect | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes |
| Credit/Debit card | No | No | No | No |
| Electronic wallets | No | No | No | No |
| Withdrawal fee | $0 | $0 | $0 | $0 |
Web trading platform
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 | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| Web platform score | 4.4 | 3.3 | 3.9 | 4.5 |
| Mobile platform score | 4.7 | 4.3 | 4.5 | 4.5 |
| Desktop platform score | 3.4 | 2.8 | - | 4.5 |
Learn more about Comdirect's web trading platform in the detailed Comdirect review.
Markets and products
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 | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| Stock | Yes | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | No | Yes |
| Fund | Yes | Yes | Yes | Yes |
| Bond | Yes | Yes | Yes | Yes |
| Options | Yes | No | Yes | Yes |
| Futures | Yes | No | Yes | Yes |
| CFD | Yes | Yes | No | Yes |
| Crypto | Yes | No | Yes | Yes |
Verdict
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.
| Comdirect | |
|---|---|
| Summary | Comdirect is a German investment bank offering online banking and brokerage services. |
| Fees score | 2.1 |
| Recommended for | Investors and CFD traders speaking Germand and focusing on European securities |
Comdirect alternatives
Flatex
Flatex is Germany-based stockbroker, regulated by the Federal Financial Supervisory Authority (BaFin). Its predecessor, PRE.IPO AG was established in 1999 and it received the banking and brokerage license in 2005 when the company was renamed to Flatex.
Flatex is considered safe because it has a long track record, is listed on several stock exchanges, has a banking background, discloses its financials, and is regulated by a top-tier regulator.
Recommended for investors and cfd traders speaking german and focusing on european securities
| Pros | Cons |
|---|---|
| • Low mutual fund and bond fees | • High fees for stock, ETF, and forex |
| • Listed on a stock exchange, strong parent company | • Only bank transfer is available for deposits and withdrawals |
| • Great educational tools | • Complicated account opening for non-German residents |
Fees
Flatex has high trading fees for stock, ETF, and forex. As a plus, the mutual fund and bond fees are low.
| Pros | Cons |
|---|---|
| • Low fees for mutual funds and bonds | • High stock and ETF fees |
| • High forex fees |
| Flatex | Comdirect | |
|---|---|---|
| Apple benchmark fee | $35.2 | $28.6 |
| Vodafone benchmark fee | - | $28.9 |
| EURUSD benchmark fee | $24.6 | $26.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
The account opening is easy and fully digital for German residents, but complicated and long for non-German residents.
| Pros | Cons |
|---|---|
| • No minimum deposit | • Slow |
| • Low minimum deposit | • Not fully digital |
| • Fully digital account opening for German clients | • Not user-friendly |
| Flatex | Comdirect | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | >3 days | >3 days |
If you are interested more in Flatex minimum deposit, this overview will help you.
Deposit and withdrawal
Deposit and withdrawal at Flatex are free of charge, but only wire transfer is available. This means it can take a couple of business days.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Only one account base currency |
| • User-friendly | • Slow withdrawal - over 3 days |
| Flatex | Comdirect | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Flatex's web trading platform, WebFiliale is well designed, offers several order types and a great search engine. On the other hand, there are no price alerts, and it is only available in German.
| Pros | Cons |
|---|---|
| • User-friendly | • No clear fee report available |
| • Two-step (safer) login | • Limited customizability (for charts, workspace) |
| • Good search function | • No price alerts |
| Flatex | Comdirect | |
|---|---|---|
| Web platform score | 3.3 | 4.4 |
| Mobile platform score | 4.3 | 4.7 |
| Desktop platform score | 2.8 | 3.4 |
Learn more about Flatex's web trading platform in the detailed Flatex review.
Markets and products
At Flatex, you can trade with almost all asset classes, only options, futures, and cryptos are missing. As an extra, there are special products, like warrants, certificates, and turbos. Most of the available exchanges are focusing on EU markets.
| Flatex | Comdirect | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | Yes | Yes |
| Fund | Yes | Yes |
| Bond | Yes | Yes |
| Options | No | Yes |
| Futures | No | Yes |
| CFD | Yes | Yes |
| Crypto | No | Yes |
Verdict
Flatex is great for those who look for long-term investments and can speak German well.
Investing in mutual funds and bonds are cheap compared to its competitors. Also, it has extra savings and mutual fund plans for long-term investors. Because it is listed on multiple German exchanges, Flatex's financials are clear and transparent, as they have to publish them regularly. Their high-quality educational materials can help you to understand trading with the broker's services.
On the other hand, the fees for stock, ETF, and forex are high. The account opening for non-German citizens is complicated and you can only use bank transfers for deposits and withdrawals. We also missed the option to switch to English during account opening and on the web and mobile trading platforms. Despite this, most of the time customer services could help us in English.
Because there are no required minimum deposit or inactivity fee, feel free to try Flatex.
| Flatex | |
|---|---|
| Summary | Flatex is a German broker regulated by top-tier authorities such as the German BaFin. |
| Fees score | 2.2 |
| Recommended for | Investors and CFD traders speaking German and focusing on European securities |
Want to stay in the loop?
Sign up to get notifications about new BrokerChooser articles right into your mailbox.
Comdirect alternatives
DEGIRO
Disclaimer: As of March 25, 2020, DEGIRO has introduced a temporary waiting list for new client registrations, until further notice. This is due to the surge of new registrations amid the ongoing heavy market volatility. Because of this situation, the account creation process may take much longer, although it is uncertain how long exactly. We will update the review as we find out more details. Be also aware that investing involves a risk of loss.
DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.
DEGIRO is regulated by top-tier financial authorities, the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.
Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
| Pros | Cons |
|---|---|
| • One of the lowest fees on the market | • Waiting list for new accounts |
| • Regulated by multiple top-tier regulators | • Limited research and education |
| • Easy to use web and mobile trading platform | • No forex trading |
Fees
DEGIRO has low trading and non-trading fees. In most asset classes, it is the best on the market. There are some ETFs that you can trade once a month for free, which is a great deal for buy-and-hold investors.
| Pros | Cons |
|---|---|
| • Low trading fees | • Higher trading fees for Asian and smaller European stock exchanges |
| • Low non-trading fees | |
| • Low stock and ETF fees |
| DEGIRO | Comdirect | |
|---|---|---|
| Apple benchmark fee | $1.4 | $28.6 |
| Vodafone benchmark fee | $5.3 | $28.9 |
| EURUSD benchmark fee | - | $26.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
At DEGIRO, no minimum deposit is required. On the other hand, as of March 25, 2020, DEGIRO has introduced a waiting list for new accounts. To test this, we have applied for multiple accounts, but sadly we are still on the waiting list and could not proceed.
| Pros | Cons |
|---|---|
| • Fully digital | • Slow |
| • No minimum deposit | • None of the test accounts have been onboarded yet |
| DEGIRO | Comdirect | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | >3 days | >3 days |
If you are interested more in DEGIRO minimum deposit, this overview will help you.
Deposit and withdrawal
DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit with credit or debit card.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | |
| • Several account base currencies |
| DEGIRO | Comdirect | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
DEGIRO's web platform is simple and easy to use. Even beginners can easily navigate it and buy stocks. On the negative side, you cannot set price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | • No price alerts |
| • Two-step (safer) login |
| DEGIRO | Comdirect | |
|---|---|---|
| Web platform score | 3.9 | 4.4 |
| Mobile platform score | 4.5 | 4.7 |
| Desktop platform score | - | 3.4 |
Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.
Markets and products
At DEGIRO you can access many markets and trade with a lot of different products. CFD and forex are not available.
| DEGIRO | Comdirect | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | No | Yes |
| Fund | Yes | Yes |
| Bond | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | No | Yes |
| Crypto | Yes | Yes |
Verdict
DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.
It is far cheaper than its big European competitors and only TradeStation Global comes close to competing with DEGIRO's fees. The account opening process is also fast, you will usually have your account ready to use within a day. It is also one of the best trading platforms for Europeans.
However, its low prices come with some shortfalls. Education and research tools are limited, there is no forex trading, and you can only deposit and withdraw money by bank transfer. Also, there is a waiting list for new accounts at the moment.
All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.
| DEGIRO | |
|---|---|
| Summary | DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected. |
| Fees score | 5.0 |
| Recommended for | Price-sensitive buy-and-hold investors and traders looking only to carry out transactions |
Comdirect alternatives
Saxo Bank
Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).
Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.
Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.
Saxo stops accepting customers in the MENA region between May and August 2020. This is because of COVID-19 and the higher volume of account openings.
Recommended for investors and traders looking for a great trading platform and solid research
| Pros | Cons |
|---|---|
| • Great trading platform | • High bond, options and futures fees |
| • Outstanding research | • High minimum deposit |
| • Broad product portfolio | • Lacks live chat and 24/7 availability |
Fees
Saxo Bank has average trading and non-trading fees overall. The fees for forex, mutual funds and stock index CFDs are low, while they are average for real stocks, ETFs or stock CFDs. Bond, options and futures fees are high.
| Pros | Cons |
|---|---|
| • Low fund fees | • Inactivity fee |
| • No withdrawal fee | • High bond, options and futures fees |
| • Transparent fee structure | |
| • Lower fees for Platinum and VIP clients |
| Saxo Bank | Comdirect | |
|---|---|---|
| Apple benchmark fee | $20.2 | $28.6 |
| Vodafone benchmark fee | $19.7 | $28.9 |
| EURUSD benchmark fee | $15.7 | $26.4 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Saxo's account opening is fully digital, user-friendly, and available in most of the world. On the other hand, the minimum deposit is high in certain countries, and account verification can take longer.
| Pros | Cons |
|---|---|
| • Fully digital | • Minimum deposit is high in certain countries |
| • User-friendly | • Relatively slow account verification |
| • Available in almost every country | • MENA customers are temporarily not accepted |
| Saxo Bank | Comdirect | |
|---|---|---|
| Minimum deposit | $10,000 | $0 |
| Time to open account | 1-3 days | >3 days |
If you are interested more in Saxo Bank minimum deposit, this overview will help you.
Deposit and withdrawal
Saxo provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| Saxo Bank | Comdirect | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | No |
| Electronic wallets | No | No |
| Withdrawal fee | $0 | $0 |
Web trading platform
Saxo Bank's web trading platform is one of the best among online brokers. It's easy to use, but also provides features favored by professionals, such as an advanced order panel. On the negative side, there is no two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| Saxo Bank | Comdirect | |
|---|---|---|
| Web platform score | 4.5 | 4.4 |
| Mobile platform score | 4.5 | 4.7 |
| Desktop platform score | 4.5 | 3.4 |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio is great. It covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where its selection could be improved.
| Saxo Bank | Comdirect | |
|---|---|---|
| Stock | Yes | Yes |
| ETF | Yes | Yes |
| Forex | Yes | Yes |
| Fund | Yes | Yes |
| Bond | Yes | Yes |
| Options | Yes | Yes |
| Futures | Yes | Yes |
| CFD | Yes | Yes |
| Crypto | Yes | Yes |
Verdict
Saxo Bank is a great broker, providing a complex and good service.
Saxo offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.
It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit for certain countries. Lastly, there is no live chat or 24/7 customer support.
In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly responding to the needs of clients.
| Saxo Bank | |
|---|---|
| Summary | Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA. |
| Fees score | 2.9 |
| Recommended for | Investors and traders looking for a great trading platform and solid research |
Comdirect alternatives
Bottom line
Based on our analysis, there are several good alternatives to Comdirect. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| Comdirect | German investment bank | Investors and CFD traders speaking Germand and focusing on European securities |
| Flatex | Germany-based stockbroker | Investors and CFD traders speaking German and focusing on European securities |
| DEGIRO | Dutch discount broker | Price-sensitive buy-and-hold investors and traders looking only to carry out transactions |
| Saxo Bank | Danish investment bank | Investors and traders looking for a great trading platform and solid research |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
