Is Comdirect really free?

Comdirect does charge a commission for real stock trading on US markets, so in this sense it is not a free-to-trade broker. However, it might still be a reasonable choice for some of you, as there are many other aspects other than commissions that are important when you choose a broker. If you wish to stick with Comdirect though, then you will find the fees they charge below. Alternatively, you could check our article detailing the best zero commission brokers and how their apps scored in our test.

We should note that the payment-for-order-flow model, which is used by some zero-commission brokers to generate income (rather than relying on commissions), could potentially create a conflict of interest between you and your broker. This could result in trade execution (like routing your orders to specific market makers) that might be unfavorable for you under certain market conditions, especially when using market orders (as opposed to limit orders, which seem to be less affected).

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Comdirect fees
Overview of Comdirect fees and charges

Comdirect's fees are considered high. This is because 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. Such features may include its research tools, 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
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 the spread, 2 pips is the average spread cost during peak trading hours.
US mutual fund fees High 0-5% of trade value, charged only for buying
Inactivity fee Low No inactivity fee in the first 3 years after account opening, then €1.95 per month if you don't meet certain criteria

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Comdirect fees
Comdirect fees explained

Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because 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 5,000 clients.

This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:

  • Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
    • A commission is either fixed or based on the traded volume.
    • A spread is the difference between the buy price and the sell price.
    • A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
  • Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.

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

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Comdirect fees
Comdirect trading fees

We consider Comdirect's trading fees high, as they exceed those of most competitors.

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

Trading fees

Comdirect's trading fees are high.

Stock fees and ETF fees

Comdirect has high stock trading fees.

Stock fees of a $2,000 trade
Comdirect LYNX DEGIRO
US stock $15.5 $5.0 $0.7
UK stock $15.5 $11.7 $2.6
German stock $11.9 $7.2 $5.8

Forex fees

Comdirect's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
Comdirect LYNX DEGIRO
EURUSD benchmark fee $18.9 $11.4 -
EURGBP benchmark fee $22.1 $14.7 -

Fund fees

Comdirect fund fees are high.

Fees of a $2,000 fund purchase
Comdirect LYNX DEGIRO
Mutual fund $20.0 $7.2 $11.1
EU mutual fund $20.0 $6.6 $10.3

Bond fees

Comdirect has average bond fees.

Fees of a $10,000 bond trade
Comdirect LYNX DEGIRO
US Treasury bond $34.5 $10.0 -
EU government bond $30.9 $16.8 $11.0

Options fees

Comdirect's options fees are high.

Options fees for 10 contracts
Comdirect LYNX DEGIRO
US stock options - $24.0 -
US stock index options - $24.0 $5.0
UK stock index options - $45.5 -
German stock index options $54.0 $21.0 $10.8

Futures fees

Comdirect's futures fees are high.

Stock index futures fees for 10 contracts
Comdirect LYNX DEGIRO
US micro e-mini stock index futures - $12.5 $5.0
UK stock index futures - $26.0 $0.0
German e-mini stock index futures $54.0 $12.0 $9.0

Margin rates

Comdirect margin rates are average.

Comdirect margin rates
Comdirect LYNX DEGIRO
USD margin rate - 3.6% 1.3%
EUR margin rate 4.0% 3.5% 0.8%

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Comdirect fees
Comdirect non-trading fees

When it comes to non-trading fees, Comdirect is a rather cheap broker.

Non-trading fees include various brokerage fees and charges at Comdirect that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.

A high-level overview of how Comdirect stacks up in terms of non-trading fees
Comdirect LYNX DEGIRO
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No Yes No
Account fee No No No

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Comdirect fees
Comdirect deposit fee

Usually, brokers don't charge anything for deposits, and Comdirect is no different.

Comdirect deposit methods
Comdirect LYNX DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No Yes
Deposit fee $0 $0 $0

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Comdirect fees
Comdirect withdrawal fee

Comdirect generally doesn't charge a withdrawal fee.

Comdirect withdrawal fees and options compared
Comdirect LYNX DEGIRO
Bank transfer Yes Yes Yes
Credit/debit card No No No
Electronic wallets No No Yes
Withdrawal fee for bank transfer $0 $0 $0

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Comdirect fees
Comdirect inactivity fee

Comdirect does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).

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Author of this article

Bence András Rózsa

Author of this article

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

Bence András Rózsa

Broker Analyst

Bence’s purpose is to help you to understand the logic behind financial services. In his master’s studies, he specialised in business economy and finance to be able to give you a clear picture of the brokerage world. Having reviewed multiple brokers and robo-advisor services, his goal will always be to guide you in the world of investing as it is.

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

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