Comdirect fees explained

Dec 2018
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Overview of Comdirect fees and charges

Comdirect logo

Comdirect's fees are considered to be high. This is usually a result of high fees across multiple fee types. It's important to be aware of this and to decide whether other advantages of Comdirect can still make it a good choice for you. These deciding features can be its research options, its education section or the general user experience you get on its trading platforms.

Here's a high level overview of Comdirect's fees

Comdirect Fees snapshot
AssetsFee levelFee terms
US stock feeHigh0.25% of trade value + €7.9, min €12.9 max €62.9
EURUSD feeHighThe fees are built into spread, 2 pips is the spread cost
US tech fund feeLow0-5% of trade value, only the buying is charged
Inactivity feeAverage€5.85 per quarter if less than 2 trades per quarter

Comdirect fees
Comdirect fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely due to the fact that online brokerages' businesses can be much better scaled: From a purely technical standpoint it doesn't make that much of a difference for them if they have 100 or 5000 clients.

This is not to say however that they don't have any fees at all. They make money by charging you at various events for various rates. Usually you need to keep an eye on these 3 types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually do a trade, i.e. buying an Apple stock or an ETF. What you pay is either a commission, a spread or financing rate. Some brokers apply all of these.
    • A commission is either based on the traded volume or it is fixed.
    • A spread is the difference between the buy price and the sell price
    • Financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These occur related to some operations you make in your account, i.e. depositing money to your account, withdrawing money from it or not trading for an extended amount of time.

We compare Comdirect fees with its closest competitors, DEGIRO and Saxo Bank.

Comdirect fees
Comdirect trading fees

We see Comdirect's trading fees to be high because they charge more than most of its competitors.

Let's break down the trading fees into the different asset classes available at Comdirect.

Trading fees

Comdirect's trading fees are high.

Stock fees and ETF fees

Comdirect has average stock trading fees.

Stock fees of a $2,000 trade
ComdirectDEGIROSaxo Bank
USA$14.7$0.6$9.9
UK $14.7$5.4$7.2
Germany$11.3$5.7$11.4

Forex fees

Comdirect's forex fees are high.

Forex fees of a $20,000 30:1 position open, 1-week-hold, and close
ComdirectDEGIROSaxo Bank
EURUSD benchmark fee$28.6-$58.4
EURGBP benchmark fee$26.1-$27.2

Fund fees

Comdirect fund fees are high.

A $2,000 fund buy fees
ComdirectDEGIROSaxo Bank
USA tech fund buy$20.0$10.6-
Europe stock fund buy$20.0$10.6-

Bond fees

Comdirect has average bond fees.

Bond fees of a $10,000 trade
ComdirectDEGIROSaxo Bank
USA$34.0-$91.2
Europe$30.6$11.5$91.2

Options fees

Comdirect's options fees are high.

Stock index options fees of 10 contracts
ComdirectDEGIROSaxo Bank
USA-$6.5$60.0
UK--$72.5
Germany$51.3$10.3$68.4

Futures fees

Comdirect's futures fees are high.

Stock index futures fee of 10 contracts
ComdirectDEGIROSaxo Bank
USA-$6.5$60.0
UK-$30.2$72.5
Germany$51.3$10.3$68.4

CFD fees

Comdirect has low CFD trading fees.

CFD fees, commission of a $2,000 trade
ComdirectDEGIROSaxo Bank
USA $5.6$0.7$10.0
UK$5.6$5.7$11.6
Germany$5.6$5.7$11.4

Crypto fees

Financing rates

Comdirect financing rates are high.

If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.

Comdirect yearly financing rates
ComdirectDEGIROSaxo Bank
Apple financing rate7.7%4.3%7.1%
Vodafone financing rate5.9%2.5%5.3%
EURUSD financing rate6.8%-15.5%
EURGBP financing rate5.2%-6.7%

Comdirect fees
Comdirect non-trading fees

When it comes to looking at all the non-trading fees Comdirect is an average broker. This means that some of the non-trading fees are high, but the others are low or not charged at all.

Non-trading fees include various brokerage fees and charges at Comdirect that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.

A high level overview of how Comdirect stacks up in non-trading fees
ComdirectDEGIROSaxo Bank
Withdrawal fee$0$0$0
Deposit fee000
Inactivity feeYesNoYes
Account feeNoNoNo

Comdirect fees
Comdirect deposit fee

Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Comdirect is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Comdirect offers.

Comdirect deposit methods
ComdirectDEGIROSaxo Bank
Bank transferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsNoYesNo
Deposit fee000

Comdirect fees
Comdirect withdrawal fee

Unlike the majority of the online brokers we have reviewed Comdirect does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.

Comdirect withdrawal fees and options compared
ComdirectDEGIROSaxo Bank
Bank transferYesYesYes
Credit/Debit cardNoNoYes
Electronic walletsNoYesNo
Withdrawal fee$0$0$0

Comdirect fees
Comdirect inactivity fee

Comdirect does apply an inactivity fee and it is €5.85 per quarter if less than 2 trades per quarter. This means that you need to be strategic about your trading activity to avoid getting charged after a longer time of no trade. The fact that Comdirect charges an inactivity fee makes it less ideal for you if you are a buy and hold investor.

Comdirect has average inactivity fee.

ComdirectDEGIROSaxo Bank
Inactivity feeYesNoYes
Inactivity fee€5.85 per quarter if less than 2 trades per quarterNo inactivity fee$25 per quarter if you don't trade in the previous quarter

Read more about Comdirect inactivity fee on their own site.

AUTHOR

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
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