Comdirect Logo

How to withdraw money from Comdirect

Your expert
Fact checked by
Updated
23h ago
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

How can I withdraw money from Comdirect?

One of the most common fears about trading online is, can I get my money back? And even if that's a given, will I face any extra costs, delays or difficulties as I try to withdraw my uninvested funds?

Comdirect is a trustworthy broker that honors all withdrawal requests, but the process is not the most convenient. Read on to learn about potential costs, waiting time or restrictions.

Withdrawal at Comdirect is slow and options are limited

Comdirect is one of many brokers I have tested throughout the years. I used my own money for trading - and then tried to get it back. Here's how it went:

  • No worries - Comdirect is a reliable broker that lets you access your funds any time.
  • You can use only bank transfers to withdraw funds.
  • Withdrawal can be a bit slow, often taking 3 or more days.
  • Comdirect charges $0 for basic withdrawals, but some methods may cost more.
  • Read our full review of Comdirect for detailed funding and trading conditions.

First, let's see if Comdirect is available in your country?

No, you can't open an account at Comdirect if you live in the United States!
the United States
BrokerChooser score
3.9 3.9 /5
Visit broker

You can withdraw funds from Comdirect any time

Let me start with the good news: Comdirect is considered a legit and trustworthy broker, where your money is in good hands, and you can withdraw it whenever you want to.

How to tell if a broker is trustworthy? In our view, a broker is considered legit if its operations are overseen by at least one top-tier regulator. At BrokerChooser, we only recommend such regulated brokers.

Visit broker

Unfortunately, the online trading industry is plagued by a large number of unregulated or scam brokers. Many of these simply refuse to return your money, or require outrageous percentage commissions before doing so. If you've heard about any broker that you're unsure about, check it against our scam broker list or discuss it in our Forum.

You can only withdraw funds via bank transfer

So how to actually withdraw funds from Comdirect? At Comdirect, you can only withdraw your money using a bank transfer. This puts Comdirect at a slight disadvantage over brokers that also offer withdrawal to credit/debit cards or electronic wallets such as PayPal.

Broker
Bank transfer
Credit/debit card
Comdirect
flatex
DEGIRO
Comdirect withdrawal options

Remember, you can only withdraw funds to bank accounts that are in your name.

Withdrawing money from Comdirect - a step-by-step guide

How do you withdraw money from Comdirect?

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

Visit broker

Withdrawal can be a bit slow, taking 3 or more days

Whatever method you use, withdrawals from a brokerage account are rarely instant. When withdrawing money from Comdirect, it can often take three or more business days for the money to reach your bank account or card. This is a bit on the slow side compared with most other brokers, where withdrawal times can be as short as just one business day.

Strict withdrawal times are not the only factor to keep in mind when you need to retrieve money from your broker account. The most important thing is that you can only withdraw uninvested cash from your brokerage account. If all of your funds are invested, you need to close some or all of your positions first to make the necessary amount of cash available in your broker account.

Converting your assets to cash often takes additional time. For example, if you sell a stock, it will take another day (or most likely two) for the transaction to settle and for the cash proceeds to appear in your brokerage account.

So what I would normally do is think ahead depending on how urgently I needed the money. For example, if I needed $1,000 cash on Monday and it was still all tied down in stocks or some other assets at Comdirect, I would probably

  • log in to my Comdirect account at least a week earlier, to sell stocks or other assets worth $1,000 (or maybe a bit more to cover any withdrawal fees; see next chapter).
  • Then I would check back a day or two later (probably around Monday or Tuesday the week before I needed the money) to see if the asset sale has been completed and if the cash has appeared in my broker account.
  • If yes, I would then initiate the withdrawal, so that the money arrives in my personal bank account or on my card (whichever applicable) by next Monday at the latest.

Basic withdrawals cost $0, but there may be exceptions

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. But I have good news: basic withdrawal at Comdirect is free of charge. See the table below for details and possible exceptions, and also how Comdirect's fees compare to some of its immediate competitors.

Broker
Withdrawal fee
Domestic bank withdrawal
Comdirect
$0
$0.0
flatex
$0
$0.0
DEGIRO
$0
$0.0
Comdirect withdrawal options and fees

Conversion fees

In addition to any withdrawal fees, you should also be aware of potential conversion fees. These usually apply if your bank account or card is denominated in a different currency than the funds you are withdrawing from your broker.

At Comdirect, the following account currencies are available: AUD, CAD, GBP, HUF, JPY, MXN, NOK, PLN, SEK, TRY, USD, ZAR.

Visit broker

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Further reading

Author of this article

Tamás Gyuriczki

Trading Titan | Investment • Stock Market • Market Analysis

As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.

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.

Follow us

Regional settings

×
I'd like to trade with...