Compare Fineco Bank vs Flatex


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

Fineco Bank vs Flatex
overall rating
4.7
4.2
overall pros
  • Low trading and non-trading fees
  • Great mobile trading platform
  • Rock-solid background
  • Low mutual fund and bond fees
  • Listed on a stock exchange, strong parent company
  • Great educational tools
overall cons
  • Only bank transfer for deposit
  • Limited educational tools
  • Poor charting tools
  • High fees for stock, ETF, and forex
  • Only bank transfer is available for deposits and withdrawals
  • Complicated account opening for non-German residents
fees
3.7
  • Low stock, ETF, bond, and fund fees
  • Low CFD and futures fees
  • Low non-trading fees
  • High forex and options fees
  • High fees for CFD overnight positions
3.1
  • Low fees for mutual funds and bonds
  • High stock and ETF fees
  • High forex fees
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Bit slow account verification
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
  • No deposit fee
  • Several account base currencies
  • Free withdrawal in most cases
  • Credit/Debit card is not available for deposit
  • Missing electronic wallets
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
4.3
  • Good search function
  • Good variety of order types
  • Modern design
  • Limited customizability (for charts, workspace)
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
4.7
  • User-friendly
  • Good search function
  • Modern design
4.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
desktop trading platform
2.7
  • Good customizability (for charts, workspace)
  • Good search function
  • Not user-friendly
  • No clear fee report available
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
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrant
  • Certificate
  • Turbo
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great screeners
  • Limited interactive charting
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
customer service
4.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
3.0
  • Educational videos
  • Webinars
  • No demo account
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational texts
  • High level of investor protection
  • Banking background
  • Listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
recommended for Traders and investors looking for low fees and broker with a solid background Investors and CFD traders speaking German and focusing on European securities
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