Compare Flatex vs Interactive Brokers


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

Flatex vs Interactive Brokers
overall rating
4.3
4.9
overall pros
  • Low stock, ETF, fund and bond fees
  • Strong company background
  • Great educational tools
  • Low trading fees
  • Wide range of products
  • Many great research tools
overall cons
  • High forex fees and margin rates
  • Complicated account opening for non-German residents
  • Only bank transfer available for deposits and withdrawals
  • Complicated account opening process
  • Complex desktop trading platform
  • High forex fees
fees
3.1
  • Low non-trading fees
  • Low stock and ETF fees
  • Low fund fees
  • High forex fees
  • High margin rates
4.1
  • Low trading fees
  • Free stock and ETF trading for US clients
  • Low margin rates
  • Inactivity fee
account opening
2.0
  • No minimum deposit
  • Fully digital account opening for German/Austrian clients
  • Slow
  • Not fully digital
  • Not user-friendly
3.4
  • Fully digital
  • No minimum deposit for most account types
  • Not user-friendly
  • Confusing messages throughout the process
deposit and withdrawal
3.0
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Slow withdrawal - over 3 days
3.5
  • No deposit fee
  • Several account base currencies
  • First withdrawal each month free
  • Credit/Debit card 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
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.5
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
3.8
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
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
3.0
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Not user-friendly
  • Poor search function
  • Too complex for beginners
markets and products
4.2
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrants
  • Certificates
  • Turbos
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Warrants
  • Structured Products
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
  • Data on asset fundamentals
  • Not user-friendly
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
3.4
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
  • Slow support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Courses only available after registration
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Listed on stock exchange
  • Listed on stock exchange
  • Negative balance protection
  • Regulated by top-tier financial authorities
recommended for Investors and CFD traders speaking German and focusing on European securities Traders looking for low fees and a professional trading environment
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