Compare Flatex vs Halifax


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

Flatex vs Halifax
overall rating
4.3
4.0
overall pros
  • Low stock, ETF, fund and bond fees
  • Strong company background
  • Great educational tools
  • Low non-trading fees
  • Good options for deposits and withdrawals
  • Quick and easy account opening
overall cons
  • High forex fees and margin rates
  • Complicated account opening for non-German residents
  • Only bank transfer available for deposits and withdrawals
  • High stock trading fees
  • Limited web-based platform
  • No mobile or desktop platforms
fees
3.1
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • High margin rates
2.2
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
  • High trading fees
  • High stock and ETF fees
account opening
2.0
  • No minimum deposit
  • Fully digital account opening for German/Austrian clients
  • Slow
  • Not fully digital
  • Not user-friendly
4.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Not user-friendly
  • Only for UK residents
deposit and withdrawal
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
3.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Only one account base currency
  • Slow withdrawal - over 3 days
  • Electronic wallets not available
web trading platform
3.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
  • No price alerts
3.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
  • No research capabilities in the portal
mobile trading platform
4.5
  • 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
  • Available only for a fee
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrants
  • Certificates
  • Turbos
3.0
  • Stock
  • ETF
  • Fund
  • Investment Trusts
research
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
3.5
  • Trading ideas
  • Data on asset fundamentals
  • Research tools not integrated into web trading platform
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
3.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • No response to email
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
3.5
  • Trading platform tutorial
  • Educational videos
  • No demo account
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
  • High level of investor protection
  • Banking background
  • All clients belong to a top-tier financial authority
recommended for Investors and CFD traders speaking German and focusing on European securities Beginners and long-term investors
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