Top Trading Accounts for Expats
Scalable Free Broker
Annual fee
€0
Order costs
€0.99
| Stock exchange: | Gettex |
|---|---|
| Order price: | €0.99 |
Credit interest
0%
3% + EURIBOR on credit
Trade stocks, ETFs, funds, derivatives, crypto
2 trading venues (Gettex, Xetra)
Very low fees
Over 2000 free ETF savings plans
Up to €2500 switching bonus
Easy and quick account opening
Everything in English
Functions
Share trading
German Federal Financial Supervisory Authority (BaFin)
ETF savings plans
Software & App
English support
Trade Republic Depot
Annual fee
€0
Order costs
€1
| Stock exchange: | Lang & Schwarz |
|---|---|
| Order price: | €1 |
Credit interest
4%
Trade stocks, ETFs, derivatives, bonds, crypto
1 trading venue (Lang & Schwarz)
Very low fees
Over 2000 free ETF savings plans
Over 2000 free stock savings plans
4% interest for balances up to €50,000
Easy to use app
Everything in English
Functions
Share trading
German Federal Financial Supervisory Authority (BaFin)
ETF savings plans, Share savings plans
Software & App
English support
ING Direct Depot
Annual fee
€0
Order costs
€4.90 + 0.25%
| Stock exchange: | Tradegate |
|---|---|
| Order price: | €4.90 + 0.25% |
| Maximum price: | €69.90 |
Credit interest
0%
Trade stocks, ETFs, funds, derivatives, bonds, crypto
13 trading venues in Germany (Tradegate, Xetra, Frankfurt, etc) & other in the USA, Canada
Over 2000 free ETF savings plans
Automatic reinvestment of dividends
Easy integration with other bank products (checking accounts, credit cards)
Everything in German
Functions
German Federal Financial Supervisory Authority (BaFin)
Software & App
Commerzbank DirektDepot
Deposit costs
1.75%
Annual minimum price: €19.80
Order costs
€4.90 + 0.25%
| Stock exchange: | Xetra |
|---|---|
| Order price: | €4.90 + 0.25% |
| Minimum price: | €9.90 |
Credit interest
0%
Trade stocks, ETFs, funds, derivatives, bonds, crypto
12 trading venues in Germany (Tradegate, Xetra, Frankfurt, etc) & other in Europe, USA, Australia, Asia
Automatic reinvestment of dividends
Easy integration with other bank products (checking accounts, credit cards)
Receive personal advice in branches
Banking app in English
Accepts most nationalities
Functions
German Federal Financial Supervisory Authority (BaFin)
Software & App
English support
Understanding German Brokerages
Before diving into specific brokers, here are key things to be aware of:
- Requirements: You’ll likely need proof of German residency, a tax ID number, and valid identification to open an account.
- Language: Not all brokerages have English interfaces or support teams. We’ll highlight the ones that do!
- Regulation: Ensure your chosen broker is regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht)—this protects your investments.
Choosing the Right Brokerage
Consider the following factors as you compare options:
- Fees & Commissions: Look for transparent fee structures, including trading costs, platform usage fees, and any inactivity charges.
- Investment Products: Consider what you want to trade (stocks, ETFs, etc.) and ensure the broker offers those options.
- Platforms & Usability: An intuitive platform is even more essential if your German is limited. Look for clear navigation and the option for English settings.
- Customer Support: Ensure English-language support is available through your preferred contact method (phone, email, etc.).
- Research and Tools: Good brokerages should provide educational resources or market insights to help you make informed decisions.
Additional Considerations
- Taxation: Be aware of German capital gains tax. (Link to a relevant resource).
- Resources: Check out BaFin’s website and [insert expat finance blog links] for extra guidance.
Ready to find your ideal trading account? Start comparing the best trading accounts for expats now!
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