Overview of Comdirect fees and charges
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
|Assets||Fee level||Fee terms|
|US stock fee||High||0.25% of trade value + €7.9, min €12.9 max €62.9|
|EURUSD fee||High||The fees are built into spread, 2 pips is the spread cost|
|US tech fund fee||Low||0-5% of trade value, only the buying is charged|
|Inactivity fee||Average||€5.85 per quarter if less than 2 trades per quarter|
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 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.
Comdirect's trading fees are high.
Stock fees and ETF fees
Comdirect has average stock trading fees.
Comdirect's forex fees are high.
|EURUSD benchmark fee||$28.6||-||$58.4|
|EURGBP benchmark fee||$26.1||-||$27.2|
Comdirect fund fees are high.
|USA tech fund buy||$20.0||$10.6||-|
|Europe stock fund buy||$20.0||$10.6||-|
Comdirect has average bond fees.
Comdirect's options fees are high.
Comdirect's futures fees are high.
Comdirect has low CFD trading fees.
Comdirect financing rates are high.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
|Apple financing rate||7.7%||4.3%||7.1%|
|Vodafone financing rate||5.9%||2.5%||5.3%|
|EURUSD financing rate||6.8%||-||15.5%|
|EURGBP financing rate||5.2%||-||6.7%|
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.
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 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 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.
|Inactivity fee||€5.85 per quarter if less than 2 trades per quarter||No inactivity fee||$25 per quarter if you don't trade in the previous quarter|
Read more about Comdirect inactivity fee on their own site.