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Our top alternative brokers to Flatex
Comdirect
4.4
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DEGIRO
4.7
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Our top alternative brokers to Flatex
Comdirect
4.4
Open account
DEGIRO
4.7
Open account
Flatex Alternatives

The best alternatives to Flatex are

  1. Comdirect - German investment bank
  2. DEGIRO - Dutch discount broker
  3. LYNX - Netherlands-based stockbroker

Let's see in a bit more detail how the Flatex alternatives compare to Flatex and each other:

Flatex alternatives comparison
Flatex Comdirect DEGIRO LYNX
Overall score 4.4 4.4 4.7 4.2
Fees score 3.2 stars 2.2 stars 5.0 stars 3.0 stars
Account opening score 2.0 stars 2.6 stars 5.0 stars 2.5 stars
Deposit and withdrawal score 3.0 stars 3.5 stars 3.3 stars 2.5 stars
Web platform score 3.5 stars 4.4 stars 3.9 stars 3.3 stars
Markets and products score 4.2 stars 5.0 stars 3.5 stars 5.0 stars
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Why are these brokers considered good alternatives to Flatex? There are many areas based on which Flatex can be compared with others. When we say a given online broker is a good alternative to Flatex we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Flatex alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Flatex is recommended for investors and cfd traders speaking german and focusing on european securities
  • Comdirect is recommended for investors and cfd traders speaking germand and focusing on european securities
  • DEGIRO is recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions
  • LYNX is recommended for any european traders looking for low stock and etf fees and a good mobile trading platform

Important factors of finding Flatex alternatives

So far BrokerChooser has reviewed 74 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Flatex or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts Flatex charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Flatex.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Flatex, the account opening is slower than average, so if you consider this important some Flatex alternatives can be a good choice.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you cannot make a deposit with your credit card at Flatex, some alternatives might allow you to do that.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Flatex alternative is a must.


Now let's dive into the details of how Flatex and its alternatives perform in the most important areas!

Flatex alternatives
Flatex

Flatex is a Germany-based stockbroker, regulated by Germany's Federal Financial Supervisory Authority (BaFin). It was originally established as PRE.IPO AG in 1999 and received its banking and brokerage license in 2005, when the company was renamed Flatex.

Flatex is considered safe because it has a long track record, is listed on a stock exchange, has a banking background, discloses its financials and is regulated by a top-tier authority.

In 2019, flatex AG acquired 100% of DEGIRO. Currently they operate as separate entities, with Flatex strengthening DEGIRO's regulatory backbone.

Being a German broker, all of Flatex's trading services are available only in German.

Recommended for investors and cfd traders speaking german and focusing on european securities

Pros Cons
Low stock, ETF, fund and bond fees High forex fees and margin rates
Strong company background Complicated account opening for non-German residents
Great educational tools Only bank transfer available for deposits and withdrawals

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Fees
3.2

Ffatex has favorable pricing for trading stocks, ETFs, mutual funds and bonds. On the negative side, forex fees and margin rates are high.
Pros Cons
Low non-trading fees High forex fees
Low stock and ETF fees High margin rates
Low fund fees
Flatex alternatives trading fees
Flatex Comdirect DEGIRO LYNX
US stock $6.5 $14.2 $0.6 $5.0
UK stock - $14.2 $2.4 $10.8

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k

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Account opening
2.0

Account opening at Flatex is easy and fully digital for German and Austrian residents, but complicated and long for other clients.
Pros Cons
No minimum deposit Slow
Fully digital account opening for German/Austrian clients Not fully digital
Not user-friendly
Flatex alternatives minimum deposit and account open times
Flatex Comdirect DEGIRO LYNX
Minimum deposit $0 $0 $0 $3,300
Time to open account >3 days >3 days 1 day >3 days

Learn more about Flatex minimum deposit here.

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Deposit and withdrawal
3.0

Deposits and withdrawals at Flatex are free of charge, but only bank transfer is available. This means the process can take a couple of days.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
User-friendly
Flatex and alternatives withdrawal options and fees
Flatex Comdirect DEGIRO LYNX
Bank Transfer Yes Yes Yes Yes
Credit/Debit card No No No No
Electronic wallets No No No No
Withdrawal fee $0 $0 $0 $0

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Web trading platform
3.5

Flatex's web trading platform WebFiliale is well-designed, has several order types and a great search engine. However, there are no price alerts and it is only available in German.
Pros Cons
User-friendly No clear fee report available
Two-step (safer) login Limited customizability (for charts, workspace)
Good search function No price alerts
Flatex - Web trading platform
Flatex and alternatives trading platform scores
Flatex Comdirect DEGIRO LYNX
Web platform score 3.5 stars 4.4 stars 3.9 stars 3.3 stars
Mobile platform score 4.5 stars 4.7 stars 4.4 stars 3.8 stars
Desktop platform score 2.8 stars 3.5 stars - 2.8 stars

Learn more about Flatex's web trading platform in the detailed Flatex review.

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Markets and products
4.2

At Flatex you can trade almost all product types except options, futures and cryptos. There are also special products like warrants, certificates and turbos. Most available exchanges focus on EU markets.
Flatex and alternatives markets and products
Flatex Comdirect DEGIRO LYNX
Stock Yes Yes Yes Yes
ETF Yes Yes Yes Yes
Forex Yes Yes No Yes
Fund Yes Yes Yes Yes
Bond Yes Yes Yes Yes
Options No Yes Yes Yes
Futures No Yes Yes Yes
CFD Yes Yes No Yes
Crypto No Yes Yes Yes

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Verdict

Flatex is great for those who are looking for long-term investments and have a good command of German.

Investing in stocks, funds and ETFs is cheaper at Flatex than at its German competitors. Also, it has extra savings and mutual fund plans for long-term investors. Because it is listed on the stock exchange, Flatex's financials are clear and transparent. It also offers high-quality educational materials to help you understand trading with the broker's services.

On the negative side, forex fees and exchange costs are high. The account opening for non-German citizens is complicated and you can only use bank transfer for deposits and withdrawals. We also missed the option to switch to English during account opening and on the web and mobile trading platforms. Despite this, most of the time customer service could help us out in English.

As there is no required minimum deposit or inactivity fee, feel free to go ahead and try Flatex.

Flatex
Summary Flatex is a German broker regulated by top-tier authorities such as the German BaFin. In addition, flatex is listed on Stuttgart Stock Exchange and has a banking background.
Fees score 3.2 stars
Recommended for Investors and CFD traders speaking German and focusing on European securities

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Flatex alternatives
Comdirect

Comdirect is a German investment bank established in 1994 and owned by Commerzbank, a major German bank. It is regulated by Germany's Federal Financial Supervisory Authority (BaFin) and is listed on the Frankfurt Stock Exchange.

Comdirect is considered safe because it has a long track record, is listed on a stock exchange, has a banking background and is regulated by the top-tier BaFin.

Being a German bank, all of Comdirect services are available only in German.

Recommended for investors and cfd traders speaking germand and focusing on european securities

Pros Cons
Extensive range of products and exchanges High fees
Great mobile platform Complicated account opening for non-German/Austrian residents
Rock-solid background Slow phone support and no live chat

Open account

Fees
2.2

Comdirect's trading fees are high for all asset classes except bonds. As a plus, non-trading fees are low, there is no withdrawal fee and an inactivity fee is charged only after 3 years.
Pros Cons
No withdrawal fee High trading fees
High stock and ETF fees
High forex fees
Flatex vs. Comdirect: Trading fees
Comdirect Flatex
Apple benchmark fee $28.6 $13.2
Vodafone benchmark fee $28.9 -
EURUSD benchmark fee $26.4 $24.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
2.6

Account opening is easy and fully digital for German and Austrian residents, but is complicated and slow for others.
Pros Cons
No minimum deposit Slow
Fully digital account opening for German/Austrian residents Not fully digital
Complicated account opening for non-German/Austrian residents
Flatex vs. Comdirect: Minimum deposit, time to open an account
Comdirect Flatex
Minimum deposit $0 $0
Time to open account >3 days >3 days

If you are interested more in Comdirect minimum deposit, this overview will help you.

Open account More

Deposit and withdrawal
3.5

Deposits and withdrawals are free of charge, but only bank transfer is available as a method.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee Slow withdrawal - over 3 days
Several account base currencies
Flatex vs. Comdirect: Withdrawal options
Comdirect Flatex
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
4.4

Comdirect's web platform is well-designed and easy to use. It has great customization options but lacks price alerts.
Pros Cons
User-friendly No price alerts
Clear fee report CFD trading is on a separate platform
Two-step (safer) login
Web trading platform of Comdirect, a Flatex alternative
Flatex vs. Comdirect: Trading platform scores
Comdirect Flatex
Web platform score 4.4 stars 3.5 stars
Mobile platform score 4.7 stars 4.5 stars
Desktop platform score 3.5 stars 2.8 stars

Learn more about Comdirect's web trading platform in the detailed Comdirect review.

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Markets and products
5.0

You can trade with all types of assets at Comdirect. There is also a great selection within asset classes, covering a lot of German, European and overseas exchanges.
Flatex vs. Comdirect: Markets and products
Comdirect Flatex
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund Yes Yes
Bond Yes Yes
Options Yes No
Futures Yes No
CFD Yes Yes
Crypto Yes No

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Verdict

Comdirect is a German online broker established in 1994. Its parent company is Commerzbank, one of the biggest banks in Germany.

It is recommended for traders with a good knowledge of German.

Comdirect provides access to both European and overseas exchanges with a wide range of products. Its mobile platform is great and the broker is considered safe because it has a banking background, is listed on a stock exchange and is regulated by a top-tier authority.

On the other hand, fees are high, especially stock trading fees. Anyone can open an account, although for residents outside of Germany and Austria, the process is complicated and could take several weeks. There is no functioning live chat and phone support is a bit slow.

If you are looking for a customizable web and desktop platform for trading on the German markets, feel free to try out Comdirect.

Comdirect
Summary Comdirect is a German investment bank offering online banking and brokerage services.
Fees score 2.2 stars
Recommended for Investors and CFD traders speaking Germand and focusing on European securities

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Flatex alternatives
DEGIRO

DEGIRO is a Dutch online discount broker. It is privately owned and was established in 2008 by former employees of another brokerage company.

DEGIRO is regulated by top-tier financial authorities such as the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). It is registered with the Chamber of Commerce and Industry in Amsterdam.

Disclaimer: Investing involves risk of loss.

Recommended for price-sensitive buy-and-hold investors and traders looking only to carry out transactions

Pros Cons
One of the lowest fees on the market Forex not available
Regulated by multiple top-tier regulators Limited research and education
Easy-to-use web and mobile platform No credit/debit card deposit

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Fees
5.0

DEGIRO has low trading for all asset classes, from stocks to options. The non-trading fees are also low, there is no inactivity or withdrawal fees.
Pros Cons
Low trading fees Higher trading fees for Asian and smaller European stock exchanges
Low non-trading fees
Low stock and ETF fees
Flatex vs. DEGIRO: Trading fees
DEGIRO Flatex
Apple benchmark fee $1.4 $13.2
Vodafone benchmark fee $5.3 -
EURUSD benchmark fee - $24.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Account opening
5.0

DEGIRO no longer keeps a waiting list for new users, and no minimum deposit is required. The account creation process is once again fast and fully digital.
Pros Cons
Fast None
Fully digital
No minimum deposit
Flatex vs. DEGIRO: Minimum deposit, time to open an account
DEGIRO Flatex
Minimum deposit $0 $0
Time to open account 1 day >3 days

If you are interested more in DEGIRO minimum deposit, this overview will help you.

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Deposit and withdrawal
3.3

DEGIRO deposits and withdrawals are free of charge via bank transfer. On the other hand, you cannot deposit funds using a credit or debit card.
Pros Cons
Free withdrawal Credit/Debit card not available
No deposit fee
Several account base currencies
Flatex vs. DEGIRO: Withdrawal options
DEGIRO Flatex
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.9

DEGIRO's web platform is simple and easy to use, even for beginners. On the negative side, you cannot set price alerts.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report No price alerts
Two-step (safer) login
Web trading platform of DEGIRO, a Flatex alternative
Flatex vs. DEGIRO: Trading platform scores
DEGIRO Flatex
Web platform score 3.9 stars 3.5 stars
Mobile platform score 4.4 stars 4.5 stars
Desktop platform score - 2.8 stars

Learn more about DEGIRO's web trading platform in the detailed DEGIRO review.

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Markets and products
3.5

At DEGIRO, you can access many markets and trade a lot of different products. CFD and forex are not available, though.
Flatex vs. DEGIRO: Markets and products
DEGIRO Flatex
Stock Yes Yes
ETF Yes Yes
Forex No Yes
Fund Yes Yes
Bond Yes Yes
Options Yes No
Futures Yes No
CFD No Yes
Crypto Yes No

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Verdict

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. DEGIRO also has one of the best trading platforms for Europeans. In addition, the account opening process is now fast again, as a recent temporary waiting list has been scrapped.

On the other hand, education and research tools are limited. We should also mention that there is no forex trading, and most clients can only deposit and withdraw by bank transfer.

All in all, DEGIRO is a great online broker. There is no minimum deposit and no inactivity fee, so feel free to go ahead and give it a try.

DEGIRO
Summary DEGIRO is a Dutch discount broker established in 2008. It is regulated by the Dutch FMA. As of March 25, 2020, DEGIRO introduced a waiting list for new customers. Longer than usual account opening times are expected.
Fees score 5.0 stars
Recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions

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Flatex alternatives
LYNX

LYNX is a Netherlands-based stockbroker founded in 2006.

LYNX is an introducing broker of Interactive Brokers (IB). In practice, this means that your deposited funds will be held by IB but fees are charged by LYNX. You can also use IB's trading platforms. 

LYNX is considered safe because both LYNX and Interactive Brokers are regulated by top-tier financial authorities.

Recommended for any european traders looking for low stock and etf fees and a good mobile trading platform

Pros Cons
Wide range of markets and products Deposit and withdrawal options limited
Low stock and ETF trading fees €3,000 minimum deposit
Great mobile platform Overly complex desktop platform

Open account

Fees
3.0

LYNX has low trading fees for stocks, ETFs and funds, but its forex fees are high and it also charges an inactivity fee.
Pros Cons
Low stock and ETF fees High forex fees
Low fund fees Inactivity fee
Flatex vs. LYNX: Trading fees
LYNX Flatex
Apple benchmark fee $10.2 $13.2
Vodafone benchmark fee $22.1 -
EURUSD benchmark fee $21.9 $24.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

Open account More

Account opening
2.5

The account opening process at LYNX is smooth and fully digital, but it took us over three days to complete, and there is a high €3,000 minimum deposit.
Pros Cons
Fully digital Slow
User-friendly The minimum deposit is €3,000
Flatex vs. LYNX: Minimum deposit, time to open an account
LYNX Flatex
Minimum deposit $3,300 $0
Time to open account >3 days >3 days

If you are interested more in LYNX minimum deposit, this overview will help you.

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Deposit and withdrawal
2.5

You can fund your account in many base currencies, and you have one free withdrawal per month. However, you can only use bank transfer, and the process is not user-friendly.
Pros Cons
No deposit fee Credit/Debit card not available
Several account base currencies Not user-friendly
One free withdrawal per month
Flatex vs. LYNX: Withdrawal options
LYNX Flatex
Bank Transfer Yes Yes
Credit/Debit card No No
Electronic wallets No No
Withdrawal fee $0 $0

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Web trading platform
3.3

The LYNX web trading platform is simple and easy to use, with multiple order types and clear fee reports. On the negative side, it lacks two-step login, customizability and price alerts.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report Limited customizability (for charts, workspace)
Good variety of order types No price alerts
Web trading platform of LYNX, a Flatex alternative
Flatex vs. LYNX: Trading platform scores
LYNX Flatex
Web platform score 3.3 stars 3.5 stars
Mobile platform score 3.8 stars 4.5 stars
Desktop platform score 2.8 stars 2.8 stars

Learn more about LYNX's web trading platform in the detailed LYNX review.

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Markets and products
5.0

At LYNX, you can trade the full spectrum of asset classes and gain access to many markets.
Flatex vs. LYNX: Markets and products
LYNX Flatex
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund Yes Yes
Bond Yes Yes
Options Yes No
Futures Yes No
CFD Yes Yes
Crypto Yes No

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Verdict

LYNX has low stock and ETF trading fees, a great mobile trading platform, and offers a wide range of markets and products

On the other hand, deposit and withdrawal options are limited to bank transfers. There is also a steep €3,000 minimum deposit and the desktop platform is too complex for most users.

Feel free to try LYNX if you are a European client seeking low stock and ETF trading fees and a good mobile trading platform.

LYNX
Summary LYNX is a Dutch stockbroker established in 2006. It is regulated by the Dutch FMA.
Fees score 3.0 stars
Recommended for any European traders looking for low stock and ETF fees and a good mobile trading platform

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Flatex alternatives
Bottom line

Based on our analysis, there are several good alternatives to Flatex. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Flatex alternatives
Broker Info Recommended for
Flatex Germany-based stockbroker Investors and CFD traders speaking German and focusing on European securities
Comdirect German investment bank Investors and CFD traders speaking Germand and focusing on European securities
DEGIRO Dutch discount broker Price-sensitive buy-and-hold investors and traders looking only to carry out transactions
LYNX Netherlands-based stockbroker any European traders looking for low stock and ETF fees and a good mobile trading platform

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

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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