Compare Flatex vs Zacks Trade


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

Flatex vs Zacks Trade
overall rating
4.2
4.6
overall pros
  • Low mutual fund and bond fees
  • Listed on a stock exchange, strong parent company
  • Great educational tools
  • Low fees
  • Extensive stock and ETF selection
  • Great customer service.
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
  • Complex desktop platform and research tools
  • Slow and complicated account opening
  • Limited educational tools
fees
3.1
  • Low fees for mutual funds and bonds
  • High stock and ETF fees
  • High forex fees
4.3
  • Low stock and ETF fees
  • No inactivity fee
  • Low margin rates
  • High fund fees
account opening
1.8
  • No minimum deposit
  • Low minimum deposit
  • Fully digital account opening for German clients
  • Slow
  • Not fully digital
  • Not user-friendly
2.8
  • Fully digital
  • No minimum deposit
  • Slow
  • Not user-friendly
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
3.5
  • Free withdrawal
  • No deposit fee
  • Several account base currencies
  • Credit/Debit card not available
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
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.3
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No price alerts
3.5
  • Two-step (safer) login
  • Good search function
  • Good variety of order types
  • User interface is a bit complex
  • Alerts only through chatbot
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
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
  • Warrant
  • Certificate
  • Turbo
3.8
  • Stock
  • ETF
  • Fund
  • Bond
  • Options
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
4.3
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational texts
2.5
  • Demo account
  • Trading platform tutorial
  • No general education videos
  • No webinars
  • 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 Traders and investors looking for comprehensive research tools, wide product selection, and low fees
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