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Compare Flatex vs IG


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

Flatex vs IG
overall rating
4.1 / 5.0
4.5 / 5.0
overall pros
  • Cheap ETF and fund trading
  • Listed on a stock exchange, strong parent company
  • Great educational tools
  • Easy-to-use web trading platform
  • Helpful and reliable customer service
  • Great deposit and withdrawal tools
overall cons
  • Complicated account opening for non-Germans
  • Only bank transfer is available for deposit and withdrawal
  • Services are only in German
  • High trading fees
  • Limited product portfolio
  • Limited research tools
fees
3 stars
  • No withdrawal fee
  • No inactivity fee
  • Low fund fees
  • High financing rate
  • High US stock fee
  • High forex fees
2 stars
  • Low financing rate
  • Transparent fee structure
  • High trading fees
  • Inactivity fee
account opening
2 stars
  • No minimum account balance
  • Fully digital account opening for German clients
  • Slow account opening
  • Not fully digital
  • Not user-friendly
4 stars
  • Fast account opening
  • Fully digital account opening
  • No minimum deposit for bank transfer
  • The sales team is quite pushy, prompting you regularly to fund your account
deposit and withdrawal
3 stars
  • Free withdrawal
  • No deposit fee
  • Credit/Debit card deposit and withdrawal not available
  • Only one account base currency
  • Slow funding and withdrawal - over 3 days
5 stars
  • Credit/Debit card deposit and withdrawal
  • Several account base currencies
  • User-friendly
  • Not transparent on available base currencies
web trading platform
3 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • Limited customizability (for charts, workspace)
  • No price alerts
  • Only in German
5 stars
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Good customizability (for charts, workspace)
mobile trading platform
4 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No price alerts
  • Only in German
5 stars
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safe) login
desktop trading platform
3 stars
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Price alerts
  • Not user-friendly
  • Not free
-
markets and products
3 stars
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrants
  • Certificate
  • Turbo
3 stars
  • Forex
  • Options
  • CFD
  • Crypto
  • Equities for UK clients
  • Robo-advisory type of service in the UK
research
3 stars
  • Good interactive chart
  • Data on asset fundamentals
  • No analyst recommendations for stocks, bonds, etc.
  • Not user-friendly
3 stars
  • Good interactive chart
  • Good quality news flow
  • User-friendly
  • No fundamental data available
  • No/limited set of analytic tools
customer service
4 stars
  • Relevant answers
  • Professional tone
  • No live chat
  • German only telephone support
5 stars
  • Live chat
  • Fast response time
  • Relevant answers
education
4 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Only in German
5 stars
  • Demo account
  • Educational videos
  • Easy to understand
  • Regulated by top tier financial authority
  • Banking background
  • Listed on stock exchange
  • Negative balance protection
  • Listed on stock exchange
  • Financial information is publicly available
  • Regulated by top-tier regulators, like FCA
  • No negative balance protection
recommended for German speaking investors and CFD traders focusing mainly on European securities Traders with any experience level aiming for a great and easy-to-use trading platform