Is flatex free?

flatex 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 flatex 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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flatex fees
Overview of flatex fees and charges

When it comes to brokerage fees, flatex is a mixed bag. To see how they may affect you, first you need to figure out your approach to trading - i.e. whether you are more of a buy-and-hold investor or if you want to trade frequently; or what type of assets and in what volumes you'll want to trade. Alternatively, use our questionnaire to help you tell whether flatex fees are beneficial for you. Continue reading about flatex fees and charges to see if this is the right broker for you, or if a similar broker like Comdirect or DEGIRO might suit you better.

Here's a high-level overview of flatex's fees

flatex Fees snapshot
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 mutual fund fees Low €5.9 per trade flat fee
Inactivity fee Low No inactivity fee

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flatex fees
flatex 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 flatex fees with its closest competitors, Comdirect and DEGIRO.

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flatex fees
flatex trading fees

flatex's trading fees are mixed, which means that some asset classes come with high trading fees - be sure to check these carefully.

Let's break down trading fees according to 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.

Stock fees of a $2,000 trade
flatex Comdirect DEGIRO
US stock $7.1 $15.5 $0.7
UK stock - $15.5 $2.6
German stock $7.1 $11.9 $5.8

Forex fees

flatex's forex fees are high.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
flatex Comdirect DEGIRO
EURUSD benchmark fee $17.2 $18.9 -
EURGBP benchmark fee $22.1 $22.1 -

Fund fees

flatex fund fees are low.

Fees of a $2,000 fund purchase
flatex Comdirect DEGIRO
Mutual fund $7.1 $20.0 $11.1
EU mutual fund $6.5 $20.0 $10.3

Bond fees

flatex has low bond fees.

Fees of a $10,000 bond trade
flatex Comdirect DEGIRO
US Treasury bond $7.1 $34.5 -
EU government bond $7.1 $30.9 $11.0

Margin rates

flatex margin rates are high.

flatex margin rates
flatex Comdirect DEGIRO
USD margin rate - - 1.3%
EUR margin rate 7.9% 4.0% 0.8%

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flatex fees
flatex non-trading fees

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

Non-trading fees include various brokerage fees and charges at flatex 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 flatex stacks up in terms of non-trading fees
flatex Comdirect DEGIRO
Withdrawal fee $0 $0 $0
Deposit fee $0 $0 $0
Inactivity fee No No No
Account fee No No No

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flatex fees
flatex deposit fee

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

flatex deposit methods
flatex Comdirect 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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flatex fees
flatex withdrawal fee

flatex generally doesn't charge a withdrawal fee.

flatex withdrawal fees and options compared
flatex Comdirect 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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flatex fees
flatex inactivity fee

flatex 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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