Online Broker flatex: a brand of FinTech Group Bank AG

Prices and services

  • no account fees
  • favourable and transparent flat-rate conditions
  • free savings plans

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Online broker: Costs & Price Comparison

The lower the fee per order, the higher the profit! Building on this rule, we have created our unique pricing model especially for traders. Permanently cheap! The following comparison clearly shows the advantages of flatex:

 Over-the-counter 
Direct trading
Xetra tradingUS trading
flatex€5.90 flatc
plus outside charges
 €5.90 flatc
plus exchange fees
  €15.90 flatc
plus exchange fees
comdirectfrom €9.90from €11.40from €15.80
Consorsbankfrom €9.95from €11.45from €24.95
ING-Dibafrom €9.90from €11.65from €22.40
maxbluefrom €8.90
from €10.90from €23.90
S Brokerfrom €9.97from €10.47from €24.47

Status as of: 01/11/2017. Information is subject to change. Any special conditions and/or discounts offered by the individual providers are not taken into account. 

Cost overview: Securities trading

Stocks, funds, derivatives, ETFs and much more  this is where the whole world of the stock market is on display!
Exchange trading offers all German stock exchanges and various international stock exchanges (e.g. US). Over-the-counter
trading lets you trade shares, certificates, subscription warrants, funds and ETFs between 8:00 AM and 10:00 PM with 18 trading partners. A selection of derivatives and funds can even be traded at absolutely no charge.
More about securities trading

Download our price/performance index for securities trading

Prices and conditions: Securities trading

Trading platform German stock
exchanges, Xetra
flatex
select
Over-the-counter
Direct trading
International stock exchanges
USA & Canada
International stock exchanges
Europe
Price per order

€5.90

plus exchange fees

€0.00

FIXED PRICE

€5.90

plus exchange fees

from €15.90

€15.90

FIXED PRICE

Trading options Shares, subscription warrants
certificates,
funds,
ETFs, bonds
Mini futures,
OpenEnd & Term Turbos and
factor certificates,
Shares, subscription warrants
certificates,
funds,
ETFs, bonds
Shares in the USA3,4
and Canada
Shares in Vienna1,
Euronext, Milan,
Switzerland2
     
Account /
custodian fee
The cash account and the securities account are generally FREE OF CHARGE.
The custodian and account-holding bank for flatex clients is FinTech Group Bank AG.
Complimentary
Partial executions 
Icon Fragezeichen - weitere Information
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CFD trading YES, fully integrated, i.e. without having to open an additional account /depository
Trading via flatex-Trader Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten
Complimentary
Real-time quotes 
Icon Fragezeichen - weitere Information
Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten -- --
Telephone order  Icon Fragezeichen - weitere Information Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten Icon Haken - Funktion enthalten
      
Trading times Xetra
9:00 AM - 5:30 PM

Trading floor
8:00 AM - 8:00 PM 
Frankfurt Zertifikate AG
8:00 AM - 10:00 PM 
8:00 AM - 10:00 PM 
8:00 AM - 10:00 PM 
depending on the issuer
3:30 PM - 10:00 PM  9:00 AM - 5:30 PM
Direct links “Exchange trading” €0 trading Direct trading USA and Europe More details
Download In our price/performance index, you will find a complete list  of our service fees
relating to the securities business:   pdf-Dokument Price/performance index for securities trading

1) Austria EUR 15.90 plus exchange fees
2) Switzerland EUR 15.90 plus exchange fees
3) For sale in the USA - EUR 9.90 plus 0.00218% third-party fee
4) Starting from an order value of €40,000, an extra fee of 0,04% will be charged only for the amount exceeding €40,000.

Cost overview: CFD trading

Rising or falling rates  with CFDs you can benefit on both sides!
CFDs give you the perfect opportunity to trade all underlying assets, such as shares, indices, commodities, currencies (forex) and interest rate products with low capital expenditure. This is because you do not purchase the underlying asset directly, but you still participate fully in its development virtually. CFDs therefore provide the simplest option for trading securities with leverage. Learn more about CFD

Download CFD list of prices and services

A single  bank account
for all trading types
with one-off identity verification
No order fees
for currency, commodity, 
index & interest future CFDs
Market maker:
German Universal Bank
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Account / custodian fee The cash account and the securities account are generally FREE OF CHARGE.
The custodian and account-holding bank for flatex clients is FinTech Group Bank AG.
Market maker The market maker for CFD trading is Commerzbank AG, headquartered in Frankfurt.
Financing costs Icon Fragezeichen - weitere Information The overnight borrowing costs for all positions (except for currency CFDs, long/short) amount to 3.50%.
You can find details on calculating the financing costs in CFD trading in the current
list of prices and services
Margin percentages Category Instrument Margin Overnight
Margin
Leverage
up to
Share CFDs DAX Index values 5% 10% 20
Europe 5% - 10% 10% - 20% 20
USA 5% - 10% 10% - 15% 20
MDAX 10% 20% 10
TEC-DAX 10% 20% 10
Index CFDs DAX Index, EURO 50 Index, Dow Jones,
NASDAQ, AEX, CAC, S&P 500
1% 4% 100 
SMI, FTSE, HSCE, HSI, N225 2% 6% 50
MDAX Index, TECDAX Index, ATX, PSI, IBEX 3% 8% 33
Interest rate CFDs All 1% 3% 100
Commodity CFDs All 1% - 3% 3% - 6% 100
Currency CFDs All 1% - 3% 4% - 6% 100
 
Minimum capital No minimum capital is required for CFD trading, only the relevant
margin must be available. 
Spreads Share CFDs do not have fixed spreads due to liquidity fluctuations.
An overview of the spreads for the major indices, commodities, currencies and interest futures can be found here.

Please note that these spreads are minimum spreads and may vary in illiquid or volatile trading phases! 
Download In our supplementary CFD price/performance index for participating in CFD trading, you will find a
complete list of our service fees associated with trading CFDs:
pdf-Dokument Price/performance index for CFD trading

Overview: Forex trading

Trade on the world's largest financial market with the highest liquidity!
Forex (foreign exchange or FX) refers to trading on international foreign currency markets by buying a currency and simultaneously selling another. Accordingly, it is not possible, for example, to buy or sell dollars only. Currencies are always traded in pairs. Find out more about FX

Download FX currency pairs incl. swap rates

FX account
under German law
incl. mistrading rules
A single bank account
for all trading types 
with one-off identity
verification 
No transaction costs
for buying or selling. 
There are no
order fees
Trading times
continuously from Sunday
11 PM to Friday 11 PM
Unique
Two complimentary trading
platforms for FX trading (MT4 and
FX CFDs via CFD platform)
Icon Hacken grün Icon Hacken grün Icon Hacken grün Icon Hacken grün Icon Hacken grün
Account/
custodian fee
The cash account and the securities account are generally FREE OF CHARGE.
The custodian and account-holding bank for flatex clients is FinTech Group Bank AG.
FX trading platform flatex is the only online broker to offer FX trading in a fully integrated form – i.e. without opening a separate account – 
and gives you access to the most popular trading platform amongst FX traders, MetaTrader 4 – free of charge. 
Tradable
currency pairs
The FX currency pairs that can be traded in MetaTrader 4, including swap rates, change at irregular intervals.
To avoid working with outdated data, you should access the current currency pairs before every trade.
Download In our overview, you will find all flatex tradable FX currency pairs, including swap rates (short swap rate & long swap rate):
pdf-Dokument FX currency pairs incl. swap rates

Exchange fees

The amount of the exchange fees depends on the relevant stock exchange and the order volume.
If an order is placed via a stock exchange or Xetra, the total price is based on the order fee (€5.90) plus exchange fees (= third-party fees, e.g. brokerage commissions). Unfortunately, we are unable to provide information about the calculation method and composition of exchange fees. Please contact the respective stock exchange directly for more information.

Third-party fees are indicated in the securities statement notes as gross amount, i.e. including VAT, to the extent that such VAT is charged to our custodian and account-holding bank FinTech Group Bank AG .

Overview: Total costs incurred for a stock exchange order on domestic stock exchanges

Stuttgart-Euwax
(only securitised derivatives, Funds, ETFs)
from €6.80 per order
Börse Frankfurt Zertifikate AG 
(only securitised derivatives)
from €6.83 per order
gettex

from €6.83  per order
XETRA

from €8.14 per order
Munich

from €8.44  per order
Düsseldorf

from €8.49  per order
Berlin

from €8.49 per order
BremenHilfspixel

from €8.49  per order
Hamburg

from €8.61  per order
Hanover
Hilfspixel
from €8.61  per order
Frankfurt

from €11.17 per order
Stuttgart
(shares)Hilfspixel
from €12.55 per order

The stock exchange fees by stock exchange

Unfortunately, after the recent price changes on the stock exchanges and the associated complexity, it is no longer possible to provide a detailed description of the stock exchange fees at this point. Below you will find an overview of the MINIMUM and partially MAXIMUM fees. However, a guarantee for the accuracy of the information cannot be assumed. Further information on stock exchange fees can be found on the website of the relevant stock exchange under the respective link.

Tradegate Exchange (“flatex price”)
(DAX value share order, other CCP-eligible and non-CCP-eligible shares, funds,
ETFs and bonds, details incl. VAT)
from €0.71 per order

In detail:
Regulatory fee of clearer:€0.64 or €2.44
Contract note data carrier remuneration:€0.07

Quotrix
(DAX value share order, other CCP-eligible and non-CCP-eligible shares, funds,
ETFs and bonds, details incl. VAT)
from €0.83 per order

In detail:
Regulatory fee of clearer:€0.76 or €2.57
Contract note data carrier remuneration:€0.07

Lang & Schwarz and Lang & Schwarz Exchange (LSX)
(DAX value share order, other CCP-eligible and non-CCP-eligible shares, funds,
ETFs and bonds, details incl. VAT)
from €0.90 per order

In detail:
Regulatory fee of clearer:€0.86 or €2.66
Contract note data carrier remuneration:€0.04

Baader bank and gettex
(DAX value share order, other CCP-eligible and non-CCP-eligible shares, funds,
ETFs and bonds, details incl. VAT)
from €0.93 per order

In detail:
Regulatory fee of clearer:€0.86 or €2.67
Contract note data carrier remuneration:€0.07  

German stock exchange fees for Xetra trading
(DAX value share order, other CCP-eligible and non-CCP-eligible shares, funds,
ETFs and bonds, details incl. VAT)
from €2.24 per order

In detail:
Transaction fee (share order DAX title):0.00657% (Min. €0.82, Max. €98.53)
Transaction fee (Funds, ETFs):0.00657% (Min. €0.82, Max. €24.63)
Transaction fee (bonds):€2.14 fix + 0.0057% up to 1,000,000 order volume
Regulatory fee of clearer: Icon Fragezeichen - weitere Information€0.86 or €2.67
Regulatory fee clearer (shares, funds, ETFs):€0.03 + €0.60 + €0.59 + €0.09 + €0.04 + 0.0003% (max €1.50) + 0.0008% (max €4.00)
Regulatory fee of clearer (bonds):€0.60 + €0.59 + €0.04
Purchase of registered shares: Icon Fragezeichen - weitere Information€0.60
Contract note data carrier remuneration:€0.07
Links to the price lists: Complete overview of fees German stock exchange Xetra
Section A 2.2.1 and 3: Transaction fee and contract note data carrier remuneration (Prices plus VAT)

Frankfurt Stock Exchange
(DAX title share order, other CCP-eligible and non-CCP-eligible shares, securitised derivatives, funds, ETFs and bonds, details incl. VAT)
from €0.93 per order

In detail:
Transaction fee (Shares DAX title):0.013% (Min. €0.82, Max. €98.53)
Transaction fee (Funds, ETFs):€1.09 fix + 0.089 % (min. €0.69, max. €26.00)
Transaction fee: (securitised derivatives)0.1131% (max. €19.99) from €1,000.01 order volume
Trading fee (bonds):0.013% (Min. €1.24, Max. €32.84)
Trading fee (shares and other):0.06% (min. €3.00)
Trading fee (bonds):0.06% (min. €0.75) from €30,000 order volume
Regulatory fee of clearer: Icon Fragezeichen - weitere Information€0.86 or €2.67
Regulatory fee clearer (shares, funds, ETFs):€0.06 + €0.60 + €0.59 + €0.09 + €0.04 + 0.0003% (max €1.50) + 0.0008% (max €4.00)
Regulatory fee of clearer (bonds):€0.60 + €0.59 + €0.04
Purchase of registered shares: Icon Fragezeichen - weitere Information€0.60
Contract note data carrier remuneration:€0.07
Links to the price lists: Complete overview of fees German stock exchange in Frankfurt
German stock exchange fees
Section B 2.1.1: Transaction fee (prices plus VAT)
Complete overview of Hamburg and Hannover Stock Exchange fees
Complete overview of Berlin Stock Exchange fees
Complete overview of Munich Stock Exchange fees
Complete overview of Düsseldorf Stock Exchange fees
Price list of Eurex Clearing AG
Section 6.1 Clearing remuneration (prices plus VAT)
Section 6.2 Fee for delivery management (prices plus VAT)
Clearstream Banking AG -
Communication flat rate: Page 16 plus VAT
Domestic prices under 2.1.1 plus communication fee + VAT
International prices under 2.2.5 plus communication fee + VAT

Stock Exchange Stuttgart
(shares, DAX shares, other shares, bonds, participation certificates, securitised derivatives, funds, ETFs, ETCs, prices incl. VAT)
from €0.90 per order

In detail:
Trading fee / brokerage fee (share order DAX title):€5.00 + 0.04% (min. €0.75)
Trading fee / brokerage fee (share order, other, domestic + international):€5.00 + 0.08% (min. €0.75)
Trading fee (securitised derivatives):0.1131% (max. €18.80) from €1,100.01 order volume
Trading fee (funds, ETFs, ETCs):0.119%
Trading fee (bonds):€5.00 + 0.075% (min. €0.75)
Regulatory fee of clearer: Icon Fragezeichen - weitere Information€0.86 or €2.67
Purchase of registered shares: Icon Fragezeichen - weitere Information€0.60
Contract note data carrier remuneration:€0.04
Complete overview of Stuttgart Stock Exchange fees

Stock Exchange Vienna
(Austria, prices incl. VAT)
from €1.80 per order

In detail:
Exchange fee per partial execution:0.04% (min. €1.80, max. €90.00)
Example:
Order sizeForeign fees
smaller €4,500€1.80
€10,000€4.00
€50,000€20.00
bigger €225,000€90.00

Stock Exchange Switzerland
(Prices incl. VAT)
from min. CHF 1.50 per order

In detail:
Exchange fee per partial execution:0.004% (SWF Europe) or 0.01% (SWX)
External fees (min. CHF 1.50, max. CHF 56.00)
 per partial executions
Please note: The foreign fees are in CHF and
will only be converted to EUR during settlement
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