Directly. Cheap. No fees.
In OTC direct trading, you conduct your securities transactions directly with the issuer or broker. Your orders are not processed via the stock exchange.
Our prices in premium trading:
Platinum: You can trade Morgan Stanley products from 0.00 EUR.
Gold: Products from Goldman Sachs, UBS and Deutsche Bank can be traded from EUR 1.90.
Silver: Products from BNP Paribas, HSBC and Vontobel are available from EUR 3.90.
These are your advantages: With direct trading you do not pay any stock exchange fees. The extended trading hours from 8:00 to 22:00 also give you more time for your trading. The regular stock exchanges are only available from 8:00 am or 9:00 am to 8:00 pm.
Another advantage is the omission of partial executions. This way you are spared surprises.All trading partners and trading times in detail
How does over-the-counter direct trading work?
After entering the quote request in the over-the-counter order screen, the issuer or broker provides a non-binding
buy or sell price. You can then decide whether you want to place an order request for this non-binding price indication within a timeframe indicated in the order screen. However, please note that the trading partner can also refuse to accept the order request. You can check the order status in your order book and enter a new quote request if you wish.
Over-the-counter limit trading
In over-the-counter trading of shares, warrants and certificates, most issuers also give you the option of placing your orders with a limit. In this case, you have access to the limit types and order restrictions as established in exchange trading. Once a buy or sell order can be executed based on the price limit and the desired quantity, it is automatically executed. Partial executions are possible in over-the-counter limit trading.
How does over-the-counter direct trading work?
After entering the quote request in the over-the-counter order screen, the issuer or broker provides a non-binding
buy or sell price. You can then decide whether you want to place an order request for this non-binding price indication within a timeframe indicated in the order screen. However, please note that the trading partner can also refuse to accept the order request. You can check the order status in your order book and enter a new quote request if you wish.
Over-the-counter limit trading
In over-the-counter trading of shares, warrants and certificates, most issuers also give you the option of placing your orders with a limit. In this case, you have access to the limit types and order restrictions as established in exchange trading. Once a buy or sell order can be executed based on the price limit and the desired quantity, it is automatically executed. Partial executions are possible in over-the-counter limit trading.
Our trading partners
Trade with our direct trading partner for only €5.90. Third-party fees apply for trading on Tradegate Exchange, Baader, gettex, LSX and Lang & Schwarz. Below you will find a list with trading partners of the flatex Bank AG.
| Trading partners | Trading times Monday - Friday | Contact Telephone/Email | Available order types | Mistrade regulations |
 | Shares, ETFs, ETCs, funds: 8:00 AM - 10:00 PM Bonds: 8:00 AM - 5:30 PM | Customer service: 00800 00 222 337 / info@baaderbank.de | Standard Limit OCO Trailing Stop |  |
 | 8:00 AM - 10:00 PM | 0800 0 267 267 / derivate@bnpparibas.com | Standard Limit OCO Trailing Stop | |
 | 9:00 AM - 5:30 PM | 069 29716 132 / bondinvest@steubing.com | Standard Limit | |
 | 8:00 AM - 10:00 PM | 069 1366 1540 / zertifikate@citi.com | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM Limited fund trading: 9:00 AM - 8:00 PM | 069 136 47 845 / zertifikate@commerzbank.com | Standard Limit OCO Trailing Stop | |
 | You can find all trading time here | 069 910 388 07 / x-markets.team@db.com | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM Some products 9:00 AM - 8:00 PM You can find additional trading times here | 069 7447 7035 / wertpapiere@dzbank.de | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM Some products 9:00 AM - 8:00 PM You can find additional trading times here | 0800 67 46 367 0800 23 10 01 069 75 32 11 11 / zertifikate@gs.com | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM Some investment products: 9:00 AM - 10:00 PM | 0800 4000 910 / zertifikate@hsbc.de | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM You can find additional trading times here | +49 089 378-17466 / onemarkets@unicreditgroup.de | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM | 0800 - 3131600 / zertifikate@ingbank.de | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM | 0211 - 138 40 0 / public-relations@ls-d.de | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM | +44 (0) 207 677 6434 / strukturierte-produkte@morganstanley.com | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM | 0800 818 30 50 / info@sg-zertifikate.de | Standard Limit OCO Trailing Stop | |
 | 8:00 AM - 10:00 PM | Hotline: 0800 / 800 04 04 +49-69-1369 8989 / invest@ubs.com / keyinvest-de.ubs.com/ | Standard Limit OCO Trailing Stop | |
 | All Vontobel products with the exception of some basket/strategy certificates 8:00 AM - 10:00 PM | Hotline: 00800 93 00 93 00 / zertifikate@vontobel.de | Standard Limit OCO Trailing Stop | |
 | Shares 8:00 AM - 10:00 PM | NOTE: Tradegate Exchange, gettex and LSX are regular exchanges, which means that trading occurs based on exchange regulations and is controlled by a trading surveillance office. However, order placement and conditions are the same as for over-the-counter trading. Order fees amount to €5.90 + external charges. | Standard Limit OCO Trailing Stop |  |
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Important note:
The following mistrading regulations apply to the relationship between our custodian and account-holding bank, flatex Bank AG and the relevant issuer. This is particularly important in the following cases:
1) The deadlines for providing notification of mistrading contained in the relevant mistrading regulations always relate to the contractual
relationship between flatex Bank AG and the individual issuer/trading partner. As a result, flatex Bank AG and its contract partner cannot guarantee that these deadlines are always also complied with in relation to the customer.
2) The threshold values with regard to the existence of mistrading relate to the entire order volume brokered by flatex Bank AG. This is comprised of the orders for the individual customers. It does not matter whether the threshold values are reached by the order of an individual customer. Consequently, the mistrading regulations can also lead to mistrading, if the requirements do not exist with regard to a single customer.
Please note Point VIII “Special conditions for over-the-counter trade” in the flatex Bank AG GTCs.
Risk information: An over-the-counter limit order system involves the following risks:
- It cannot fully replace a limit trade on an organised market
- Its use is subject to the special features of over-the-counter trading inherent in the system, such as the risk of an issuer default or increased volatility
- In some cases, liquidity may be lower than in exchange trading
- The margins between bid and offer prices may differ from exchange trading
These risks must be accepted.