Compare DEGIRO vs Flatex


Online brokers compared for fees, trading platforms, safety and more. See how DEGIRO stacks up against Flatex!

DEGIRO vs Flatex
overall rating
4.3
4.0
overall pros
  • One of the lowest fees on the market
  • Regulated by multiple top-tier regulators
  • Easy to use web and mobile trading platform
  • Low mutual fund and bond fees
  • Listed on a stock exchange, strong parent company
  • Great educational tools
overall cons
  • Waiting list for new accounts
  • Limited research and education
  • No forex trading
  • High fees for stock, ETF, and forex
  • Only bank transfer is available for deposits and withdrawals
  • Complicated account opening for non-German residents
fees
5.0
  • Low trading fees
  • Low non-trading fees
  • Low stock and ETF fees
  • Higher trading fees for Asian and smaller European stock exchanges
2.2
  • Low fees for mutual funds and bonds
  • High stock and ETF fees
  • High forex fees
account opening
1.3
  • Fully digital
  • No minimum deposit
  • Slow
  • None of the test accounts have been onboarded yet
1.8
  • No minimum deposit
  • Low minimum deposit
  • Fully digital account opening for German clients
  • Slow
  • Not fully digital
  • Not user-friendly
deposit and withdrawal
3.3
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
2.5
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • Slow withdrawal - over 3 days
web trading platform
4.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No price alerts
3.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
  • No price alerts
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
  • No Touch/Face ID login
4.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
desktop trading platform
2.8
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Two-step (safer) login
  • Not user-friendly
  • No clear fee report available
  • Not free of charge
markets and products
3.6
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
4.1
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrant
  • Certificate
  • Turbo
research
1.3
  • Data on asset fundamentals
  • No trading ideas
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
customer service
3.8
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
2.0
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Available only in English and Dutch
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational texts
  • Majority of clients belong to a top-tier financial authority
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
recommended for Price-sensitive buy-and-hold investors and traders looking only to carry out transactions Investors and CFD traders speaking German and focusing on European securities
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