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Is Comdirect free?

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Jan 2024
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Is Comdirect free as of January 2024?

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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BrokerChooser score
3.9 3.9 /5
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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 Average 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 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, flatex and DEGIRO.

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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
US stock
$13.9
$6.4
$2.2
UK stock
$13.9
-
$3.4
German stock
$10.7
$6.4
$5.3

Data updated on January 26, 2024

Forex fees

Comdirect's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
EURUSD benchmark fee
$22.7 $20.9 -
EURGBP benchmark fee
$25.3 $25.3 -

Data updated on January 26, 2024

Fund fees

Comdirect fund fees are average.

Fees of a $2,000 fund purchase
Mutual fund
$20.0
$6.4
$4.2
EU mutual fund
$20.0
$6.5
$10.3

Data updated on January 26, 2024

Bond fees

Comdirect has average bond fees.

Fees of a $10,000 bond trade
US Treasury bond
$33.5
$6.4
-
EU/UK government bond
$30.3
$6.4
$3.2

Data updated on January 26, 2024

Options fees

Comdirect's options fees are high.

Options fees for 10 contracts
US stock options
-
-
-
US stock index options
-
-
$7.5
UK stock index options
-
-
-
German stock index options
$48.6
-
$9.7

Data updated on January 26, 2024

Futures fees

Comdirect's futures fees are high.

Stock index futures fees for 10 contracts
US micro e-mini stock index futures
-
-
$7.5
UK stock index futures
-
-
-
German e-mini stock index futures
$48.6
-
$8.1

Data updated on January 26, 2024

Currency conversion fee

Comdirect will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 1.0% mark-up.

Margin rates

Comdirect margin rates are average.

Comdirect margin rates
USD margin rate
-
-
6.9%
EUR margin rate
8.7%
7.5%
6.9%

Data updated on January 26, 2024

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Comdirect non-trading fees

Some of Comdirect's non-trading fees are average.

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
Withdrawal fee
$0
$0
$0
Deposit fee
$0
$0
$0
Inactivity fee
No
No
No
Account fee
No
No
No

Data updated on January 26, 2024

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BrokerChooser score
3.9 3.9 /5
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Comdirect deposit fee

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

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

Data updated on January 26, 2024

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Comdirect withdrawal fee

Comdirect generally doesn't charge a withdrawal fee.

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

Data updated on January 26, 2024

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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

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.

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