Best Online Brokers Germany

Which financial products can you trade with an online broker?

You want to trade successfully and profitably in the long term? Then you’ve probably asked yourself which financial product is the safest way to do that with an online broker in Germany. After all, there is a real jungle of them…

There are for example…

• Stocks,
• FOREX (currencies),
• CFD’s and ETF’s,
• Swaps
• Cryptocurrencies
• Futures or
• options,

…to name just a few of the best known. Maybe you already have a business bank account, that allow you to trade online.

At a glance: Possible costs when trading with an online broker in Germany

In the following, you will find a clear overview of all possible costs and fees that can be incurred when trading shares with an online broker in Germany. This gives you the ideal opportunity to calculate all costs incurred and to participate successfully in stock trading accordingly with one of the best online stock broker in Germany.

Costs for securities account management

Many online brokers in Germany or best brokerage account in Germany charge monthly fees for maintaining and using a trading account. Other providers make the securities account available free of charge for regular use. Here it is worthwhile to take a look at the account conditions of the respective broker.

Commission for order placement

In most cases, a fee is due for the placement of an order in the form of a commission charged by the participating bank. The commission is based on the investment amount, but often there are minimum and maximum limits.

The broker’s order fees

If no free trading is offered, the online broker usually also charges a fee for order placement. This can be even higher over the phone than when placing the order online.

The fees at the stock exchange

The exchange involved also usually charges fees for placing an order. This fee can vary from exchange to exchange, in Frankfurt at least 2.52 euros per transaction are due.

Beginners in trading – the most common mistakes

Especially the stop marks help the beginner to avoid two common mistakes in trading with a stock trading platform in Germany: Exiting profitable positions too quickly and closing losing positions too late.

Many traders want to secure the profits they have made as quickly as possible. Psychology is also the reason why beginners often close losing positions too late.

Investors hope for a recovery soon, even if company figures and the market environment speak against it.

Emotions can play a major role here. However, emotions should be left out of the equation entirely. Instead, the facts at hand should always have the upper hand.

How do I start online trading in Germany?

Open a demo account now and practice your trading strategy with a paper trading account without risking real money. This can be very useful in fine-tuning your investment strategy and testing whether an idea you are pursuing is developing as expected. Then, when you are confident enough in your abilities, switch to a live online stock broker account and invest real money.

8 important factors to consider when choosing the best online brokers Germany

One of the most important decisions to make if you want to speculate in the stock market has nothing to do with stocks, bonds or mutual funds. The crucial decision is choosing the best online broker in Germany. The problem: there are countless companies offering online brokerage accounts and services on the Internet. So how do you find out which one ist the best german online broker?

Full-service broker

When starting out in online trading in Germany, you should consider a full-service broker. They are often best for beginners who still need to build knowledge and confidence in the markets, as they help clients with investment and divestment decisions. Later on, on the way to becoming a sophisticated investor, you can still switch to a discount broker where you can invest and trade money completely on your own.

Alternative trading offers flexibility

Although the internet is now firmly entrenched in most people’s everyday lives, we are not always near an internet-enabled device. So, one should check what other options the broker offers for placing trades. Other options may include phone trades or fax orders, among others. Word to the wise: one should make sure to know the prices for these alternatives among the best German online brokers, as they often differ from those of online trading.

Obtain info and experience

Information about the online broker itself and the experiences of people are hugely important. What do other users say about the online broker in Germany? Just like before buying a stock, the more information you gather in advance, the less likely you are to be disappointed later.

Cheap is not always good

The adage “you get what you pay for” should always be present when choosing your best online broker in Germany. As with anything you buy, the price can be an indication of quality. So, one should not open an account with a broker simply because it offers the lowest custody costs. In addition, one should know the order costs. The prices for this vary often between 0 and 40 euros per order. The small print should also be read carefully because it is often regulated here which services are charged at which prices. In many cases, there are higher fees for limited orders, options, and for trades over the phone with a broker.

Pay attention to the minimum deposit

Some of the best online brokers Germany require a minimum deposit into the account. You should therefore inform yourself thoroughly beforehand whether there is such a “compulsory deposit” and if so, how high it is. You should not make a minimum deposit that is too high unless you can easily raise the required amount.

The product selection is important

When choosing a broker, most people probably think first and foremost about buying stocks. However, one should also keep in mind that there are many investment alternatives, that are not offered by every broker. These include CFDs, municipal bonds, futures, options, and even gold/silver certificates. Some brokerages also offer other financial services such as accounts and credit cards.

Customer service matters

There is nothing more annoying than waiting in a queue or loop to get help. Before opening an account, it is advisable to make a test call to the customer service department at the broker of choice to test how knowledgeable the staff there is and how long it takes to get an answer to the question asked.

Return on balance with the broker

Often you have some unused money on the deposit account. Some online brokers offer interest in this, while others do not offer a cent for this. The conditions should be quickly found out with a phone call or e-mail. Such a question is good, for example, to find out whether the customer service is any good!

Summary – Best Online Brokers Germany

So wether you are looking for a best broker Germany, best trading platform Germany, best ETF broker Germany or a stock broker Germany, this companies offer the best service for you. Opening a brokerage account Germany is not difficult. But before signing up for a broker, make sure you know your priorities. Are you trading frequently and most of the time from your mobile? Then one of the above mentioned discount trading platforms is your choice as trading fees are low and you can conveniently trade from your mobile.

In contrast, are you trading not that often but with higher amounts? Then you should go for traditional stock brokers in Germany, like the best online brokers in Germany, they offer a large selection of tradable assets at reasonable trading fees. Or you looking for one of the best bank accounts in Germany? No problem, we got you covered!

Disclaimer: This article reflects my personal opinion about the above mentioned online broker providers and their offered policies. I am not giving online broker advice nor am I working for the above mentioned companies. However the article contains affiliate links, meaning I earn a commission if you use those links.