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 | 4.3 | 4.3 | 4.8 | 4.8 |
| Fees score | 2.0 stars | 3.1 stars | 4.8 stars | 3.0 stars |
| Account opening score | 2.6 stars | 2.0 stars | 5.0 stars | 2.5 stars |
| Deposit and withdrawal score | 3.5 stars | 3.0 stars | 3.3 stars | 4.8 stars |
| Web platform score | 4.4 stars | 3.5 stars | 3.9 stars | 5.0 stars |
| Markets and products score | 5.0 stars | 4.2 stars | 3.5 stars | 5.0 stars |
| Open account | Open account | Open account | Open account |
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 german 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 78 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 and owned by Commerzbank, a major German bank. It is regulated by Germany's Federal Financial Supervisory Authority (BaFin) and is listed on the Frankfurt Stock Exchange.
Comdirect is considered safe because it has a long track record, is listed on a stock exchange, has a banking background and is regulated by the top-tier BaFin.
Being a German bank, all of Comdirect's services are available only in German.
Recommended for investors and cfd traders speaking german and focusing on european securities
| Pros | Cons |
|---|---|
| • Extensive range of products and exchanges | • High fees |
| • Great mobile platform | • Complicated account opening for non-German/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, non-trading fees are low, there is no withdrawal fee and an inactivity fee is charged only after 3 years.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High trading fees |
| • Low inactivity fee | • High stock and ETF fees |
| • High forex fees |
| Comdirect | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| US stock | $15.5 | $7.1 | $0.7 | $10.0 |
| UK stock | $15.5 | - | $2.6 | $10.4 |
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 is complicated and slow for others.
| Pros | Cons |
|---|---|
| • No minimum deposit | • Slow |
| • Fully digital account opening for German/Austrian residents | • Not fully digital |
| • Complicated account opening for non-German/Austrian residents |
| Comdirect | Flatex | DEGIRO | Saxo Bank | |
|---|---|---|---|---|
| Minimum deposit | $0 | $0 | $0 | $10,000 |
| Time to open account | >3 days | >3 days | 1 day | >3 days |
Learn more about Comdirect minimum deposit here.
Deposit and withdrawal
Deposits and withdrawals are free of charge, but only bank transfer is available as a method.
| 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 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 stars | 3.5 stars | 3.9 stars | 5.0 stars |
| Mobile platform score | 4.7 stars | 4.5 stars | 4.4 stars | 5.0 stars |
| Desktop platform score | 3.5 stars | 2.8 stars | - | 5.0 stars |
Learn more about Comdirect's web trading platform in the detailed Comdirect review.
Markets and products
You can trade with all types of assets at Comdirect. There is also a great selection within asset classes, 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 a good knowledge of German.
Comdirect provides access to both European and overseas exchanges with a wide range of products. Its mobile platform is great and the broker is considered safe because it has a banking background, is listed on a stock exchange and is regulated by a top-tier authority.
On the other hand, fees are high, especially stock trading fees. Anyone can open an account, although for residents outside of Germany and Austria, the process is complicated and could take several weeks. There is no functioning live chat and phone support is a bit slow.
If you are looking for a customizable web and desktop platform for trading on German markets, feel free to try Comdirect.
| Comdirect | |
|---|---|
| Summary | Comdirect is a German investment bank offering online banking and brokerage services. |
| Fees score | 2.0 stars |
| Recommended for | Investors and CFD traders speaking German and focusing on European securities |
Comdirect alternatives
Flatex
Flatex is a Germany-based stockbroker, regulated by Germany's Federal Financial Supervisory Authority (BaFin). It was originally established as PRE.IPO AG in 1999 and received its banking and brokerage license in 2005, when the company was renamed Flatex.
Flatex is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is regulated by a top-tier authority.
In 2019, flatex AG acquired 100% of DEGIRO. Currently they operate as separate entities, with Flatex strengthening DEGIRO's regulatory backbone.
Being a German broker, all of Flatex's trading services are available only in German.
Recommended for investors and cfd traders speaking german and focusing on european securities
| Pros | Cons |
|---|---|
| • Low stock, ETF, fund and bond fees | • High forex fees and margin rates |
| • Strong company background | • Complicated account opening for non-German residents |
| • Great educational tools | • Only bank transfer available for deposits and withdrawals |
Fees
Ffatex has favorable pricing for trading stocks, ETFs, mutual funds and bonds. On the negative side, forex fees and margin rates are high.
| Pros | Cons |
|---|---|
| • Low non-trading fees | • High forex fees |
| • Low stock and ETF fees | • High margin rates |
| • Low fund fees |
| Flatex | Comdirect | |
|---|---|---|
| Apple benchmark fee | $14.6 | $31.3 |
| Vodafone benchmark fee | - | $31.6 |
| EURUSD benchmark fee | $17.2 | $18.9 |
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
Account opening at Flatex is easy and fully digital for German and Austrian residents, but complicated and long for other clients.
| Pros | Cons |
|---|---|
| • No minimum deposit | • Slow |
| • Fully digital account opening for German/Austrian clients | • Not fully digital |
| • 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
Deposits and withdrawals at Flatex are free of charge, but only bank transfer is available. This means the process can take a couple of days.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Credit/Debit card not available |
| • No deposit fee | • Slow withdrawal - over 3 days |
| • User-friendly |
| 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, has several order types and a great search engine. However, 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 | 3.5 stars | 4.4 stars |
| Mobile platform score | 4.5 stars | 4.7 stars |
| Desktop platform score | 2.8 stars | 3.5 stars |
Learn more about Flatex's web trading platform in the detailed Flatex review.
Markets and products
At Flatex you can trade almost all product types except options, futures and cryptos. There are also special products like warrants, certificates and turbos. Most available exchanges focus 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 are looking for long-term investments and have a good command of German.
Investing in stocks, funds, and ETFs is cheaper at Flatex than at its German competitors. Also, it has extra savings and mutual fund plans for long-term investors. Because it is listed on the stock exchange, Flatex's financials are clear and transparent. It also offers high-quality educational materials to help you understand trading with the broker's services.
On the negative side, forex fees and margin rates are high. The account opening for non-German citizens is complicated and you can only use bank transfer 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 service could help us out in English.
As there is no required minimum deposit or inactivity fee, feel free to go ahead and try Flatex.
| Flatex | |
|---|---|
| Summary | Flatex is a German broker regulated by top-tier authorities such as the German BaFin. In addition, flatex is listed on Stuttgart Stock Exchange and has a banking background. |
| Fees score | 3.1 stars |
| Recommended for | Investors and CFD traders speaking German and focusing on European securities |
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Comdirect alternatives
DEGIRO
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 such as 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.
Disclaimer: Investing involves risk of loss.
Disclaimer for UK clients: Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.
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 | • Forex not available |
| • Regulated by multiple top-tier authorities | • Limited research and education |
| • Easy-to-use web and mobile platform | • No credit/debit card deposit |
Fees
DEGIRO has low trading fees for all asset classes, from stocks to options. Non-trading fees are also low, as there are no inactivity or withdrawal fees.
| 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 | $1.7 | $31.3 |
| Vodafone benchmark fee | $5.8 | $31.6 |
| EURUSD benchmark fee | - | $18.9 |
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 process at DEGIRO is fast, fully digital, and no minimum deposit is required.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| DEGIRO | Comdirect | |
|---|---|---|
| Minimum deposit | $0 | $0 |
| Time to open account | 1 day | >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 funds using a 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 for beginners. 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 stars | 4.4 stars |
| Mobile platform score | 4.4 stars | 4.7 stars |
| Desktop platform score | - | 3.5 stars |
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 a lot of different products. CFD and forex are not available, though.
| 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.
Transaction costs are generally very low. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is fast.
On the other hand, education and research tools are limited. We should also mention that there is no forex trading, and most clients can only deposit and withdraw by bank transfer.
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. |
| Fees score | 4.8 stars |
| Recommended for | Price-sensitive buy-and-hold investors and traders looking only to carry out transactions |
Comdirect alternatives
Saxo Bank
Saxo Bank, a Danish investment bank founded in 1992, provides online trading and investment services. 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 and its subsidiaries are present in the form of separate legal entities in different regions of the world. The services offered by the various entities may differ slightly, especially with respect to fees and product portfolios. In this review, we tested Saxo Bank UK.
Saxo Bank is considered safe because it has a long track record, a banking background and is regulated by top-tier financial authorities.
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. Trading fees vary greatly between different asset classes.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • Low fund fees | • High bond, options and futures fees |
| • No withdrawal fee |
| Saxo Bank | Comdirect | |
|---|---|---|
| Apple benchmark fee | $20.3 | $31.3 |
| Vodafone benchmark fee | $21.5 | $31.6 |
| EURUSD benchmark fee | $7.9 | $18.9 |
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 countries. 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 | • Slow account verification |
| • Available in almost every country |
| Saxo Bank | Comdirect | |
|---|---|---|
| Minimum deposit | $10,000 | $0 |
| Time to open account | >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 | • Electronic wallets not available for deposit or withdrawal |
| • 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. While it's easy to use, the platform also provides features tailored for professionals, such as an advanced order panel.
| Pros | Cons |
|---|---|
| • User-friendly | None |
| • Clear fee report | |
| • Two-step (safer) login |
| Saxo Bank | Comdirect | |
|---|---|---|
| Web platform score | 5.0 stars | 4.4 stars |
| Mobile platform score | 5.0 stars | 4.7 stars |
| Desktop platform score | 5.0 stars | 3.5 stars |
Learn more about Saxo Bank's web trading platform in the detailed Saxo Bank review.
Markets and products
Saxo Bank's product portfolio covers all asset classes and a lot of markets globally. Mutual funds and crypto are the only areas where the 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.
It 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 adapted 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 | 3.0 stars |
| 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 German 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 |
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