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
4.3
4.5
overall pros
  • Low stock, ETF, fund and bond fees
  • Strong company background
  • Great educational tools
  • First-class web trading platform
  • Superb educational tools
  • Great deposit and withdrawal options
overall cons
  • High forex fees and margin rates
  • Complicated account opening for non-German residents
  • Only bank transfer available for deposits and withdrawals
  • High forex and stock CFD fees
  • Limited product portfolio
  • Slow customer support
fees
3.1
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • High margin rates
2.7
  • No withdrawal fee
  • Inactivity fee charged only after 2 years
  • High forex fees
  • High stock CFD trading fees
account opening
2.0
  • No minimum deposit
  • Fully digital account opening for German/Austrian clients
  • Slow
  • Not fully digital
  • Not user-friendly
4.4
  • Fully digital
  • Low minimum deposit
  • No minimum deposit for bank transfer
  • Slower account opening
deposit and withdrawal
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
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
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
5.0
  • User-friendly
  • Good search function
  • Touch/Face ID login
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
4.0
  • ETF
  • Forex
  • Options
  • CFD
  • Crypto
  • Stocks in some countries
  • Robo-advisory in UK
  • IPOs
research
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data available
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
3.6
  • Phone support
  • Relevant answers
  • No 24/7 support
  • Live chat is often offline
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
recommended for Investors and CFD traders speaking German and focusing on European securities Traders of any experience level looking for an easy-to-use trading platform
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