Selling stocks at flatex

Yes, you can always sell your stocks at any trustworthy broker, including flatex.

My key findings in a nutshell

My key findings in a nutshell

Tamás Gyuriczki

Trading Titan | Investment • Stock Market • Market Analysis

As a financial expert with BrokerChooser, I play an integral role in the analyst team by actively reviewing many of the 100+ brokers that are listed on our site. I personally open accounts with real money, execute trades, test customer services. My hope is that my first-hand experience with these brokers, incorporated in our reviews, helps users find the most suitable broker for their needs.

Learn about our methodology

Tamás Gyuriczki

Trading Titan | Investment • Stock Market • Market Analysis

I've thoroughly tested flatex services with our analyst team by opening a real-money account and these are my most important findings:

• Selling your stocks at flatex is straightforward and costs next to nothing. You can find the fees for the most common exchanges in the article below
• Selling a stock is easy if the exchange is open and there's enough liquidity
• Stock sales usually need 2 days to settle; only then can you withdraw proceeds
• Be mindful of stock trading fees and withdrawal fees

Data updated on November 18, 2023

flatex is a well-regulated, trustworthy broker, so you shouldn't run into any major problems while trying to sell stocks. In the following chapter, we'll walk you through the general process of selling your stocks at flatex.

Even if you're a long-term investor, there might be situations when you need to quickly sell a stock, either because you think the price is headed in the wrong direction, or you simply need some cash. The good news is that it's fairly easy to sell any stock at any time, regardless of whether you bought it long ago or just earlier in the day. There are a few things to keep in mind, though.

By placing a simple market order (the default order type at all brokers), your chosen stocks will be sold immediately. The sale will take place at the current market price (in this case, the Sell or Bid price displayed on your platform), and your broker will deduct trading commissions, if there are any. There are just two possible limitations:

• The stock exchange where the stock is traded needs to be open; otherwise, your sell order will only be executed when the market reopens the next day. For example, the New York Stock Exchange is open 09:30-16:00 local time Monday to Friday, while the London Stock Exchange is open 08:00-16:30 local time on weekdays.
• There needs to be sufficient liquidity; in other words, there need to be enough buyers for the stocks you want to sell. This is virtually guaranteed with popular stocks such as Apple, Amazon, Google or Tesla; but with millions of traders active on the market at any given time, you will actually have no problem finding an immediate buyer for all but the most obscure stocks.

One important thing to remember is that successfully selling a stock doesn't mean you can immediately access your proceeds. At many of the most popular exchanges, including the NYSE, it takes two business days for stock sales to settle - that is, you must wait two days before you can withdraw the money you made from a stock sale. Then, depending on your broker, it may take another couple of days for the money you withdrew to appear in your bank account; fees may also apply.

A special type of stock sale is short selling - that is, selling a stock you have borrowed but do not own, in the hopes that its price will fall and you can buy it back at a lower price before returning it.

Read on to see the various fees and withdrawal times you will face at flatex if you want to cash out on a stock sale.

To get a better view of the issues you may face when exiting one or all of your investments, including how to deal with them at your broker, read our in-depth explanation of exit strategies.

Stock trading fees at flatex are low. When selling a stock, your broker usually charges you the same amount you paid for buying the stock. Stock trading fees at flatex are as follows:

Data updated on November 18, 2023

If you'd like to sell your stocks with the intention of withdrawing your money afterwards, withdrawal fees and options are an important consideration. We tested withdrawal at flatex and it took us >3 days. You have the following options to withdraw your money from flatex:

Data updated on November 18, 2023

Luckily, flatex doesn't charge a withdrawal fee.

If you are looking for a reliable and excellent broker with the best possible fees, check out our top list of the best discount brokers, compiled by BrokerChooser's team of analysts after testing more than 100 brokers globally.