Compare Flatex vs Tastyworks


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

Flatex vs Tastyworks
overall rating
4.0
4.7
overall pros
  • Low mutual fund and bond fees
  • Listed on a stock exchange, strong parent company
  • Great educational tools
  • Low trading fees
  • Great educational materials
  • Good research tools
overall cons
  • High fees for stock, ETF, and forex
  • Only bank transfer is available for deposits and withdrawals
  • Complicated account opening for non-German residents
  • Only US options, futures, and stocks
  • Deposit and withdrawal options limited
  • No demo account
fees
2.2
  • Low fees for mutual funds and bonds
  • High stock and ETF fees
  • High forex fees
4.4
  • Low trading fees
  • Low stock and ETF fees
  • No inactivity fee
  • Withdrawal fee for bank (wire) transfers
account opening
1.8
  • No minimum deposit
  • Low minimum deposit
  • Fully digital account opening for German clients
  • Slow
  • Not fully digital
  • Not user-friendly
5.0
  • Fast
  • Fully digital
  • No minimum deposit
deposit and withdrawal
2.5
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • Slow withdrawal - over 3 days
1.9
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • High withdrawal fee
  • Only one account base currency
web trading platform
3.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No clear fee report available
  • Limited customizability (for charts, workspace)
  • No price alerts
3.4
  • Clear fee report
  • Price alerts
  • Order confirmation
  • Limited customizability (for charts, workspace)
  • Not suited for beginners
mobile trading platform
4.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
4.2
  • User-friendly
  • Touch/Face ID login
  • Order confirmation
  • 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
  • Not free of charge
4.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • Not suited for beginners
markets and products
4.1
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • CFD
  • Warrant
  • Certificate
  • Turbo
2.4
  • Stock
  • ETF
  • Options
  • Futures
research
2.8
  • Good interactive chart
  • Data on asset fundamentals
  • No trading ideas
  • No/poor quality news flow
4.5
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
customer service
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Fast response time
  • Relevant answers
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational texts
4.5
  • Trading platform tutorial
  • Educational videos
  • Good production quality
  • No demo account
  • 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
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Investors and CFD traders speaking German and focusing on European securities Options and futures traders focusing on US markets
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