Overview of flatex fees and charges
When it comes to brokerage fees flatex shows a mixed picture: some fees are high but some are low. First you need to figure out your approach or you should use our questionnaire to be able to tell whether flatex fees are an advantage for you. Continue reading about flatex fees and charges to see if this is the right brokerage for you or a similar broker like Comdirect or DEGIRO is better for you.
Here's a high level overview of flatex's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | €5.9 + 0.00218% per order |
| EURUSD fee | High | The fees are built into the spread, 1 pip is the average spread cost during peak trading hours. |
| US tech fund fee | Low | €5.9 per trade flat fee |
| Inactivity fee | Low | No inactivity fee |
flatex fees
flatex 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. 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 flatex fees with its closest competitors, Comdirect and DEGIRO.
flatex fees
flatex trading fees
flatex's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.
Let's break down the trading fees into the different asset classes available at flatex.
Trading fees
flatex's trading fees are average.
Stock fees and ETF fees
flatex has low stock trading fees.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| US stock | $7.1 | $15.5 | $1.2 |
| UK stock | - | $15.5 | $3.9 |
| German stock | $7.1 | $11.9 | $5.9 |
Forex fees
flatex's forex fees are high.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| EURUSD benchmark fee | $17.5 | $19.2 | - |
| EURGBP benchmark fee | $22.5 | $22.5 | - |
Fund fees
flatex fund fees are low.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| Mutual fund | $7.1 | $20.0 | $4.7 |
| EU mutual fund | $6.5 | $20.0 | $10.3 |
Bond fees
flatex has low bond fees.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| US Treasury bond | $7.1 | $34.5 | - |
| EU government bond | $7.1 | $30.9 | $3.6 |
Financing rates
flatex financing rates are high.
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| Apple CFD financing rate | 3.6% | 3.6% | - |
| Vodafone CFD financing rate | 3.5% | 3.5% | - |
| EURUSD financing rate | 4.1% | 4.1% | - |
| EURGBP financing rate | 4.1% | 4.1% | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
flatex 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: 0.4% mark-up.
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flatex fees
flatex non-trading fees
When it comes to looking at all the non-trading fees flatex is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at flatex 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.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | No | No | No |
flatex fees
flatex 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 flatex is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods flatex offers.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
flatex fees
flatex withdrawal fee
Unlike some online brokers we have reviewed flatex 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.
| flatex | Comdirect | DEGIRO | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | No | No | No |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
flatex fees
flatex inactivity fee
flatex does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
