Consorsbank review

The account fee is €0 and the current account carries an annual fee of €0, so keeping the account open costs nothing. Your money comes out of trading and conversion instead: share dealing adds €0.95 per order and conversion runs at 2.1%.

The savings balance stays available at any time and in any amount, so it works as instant-access savings rather than a fixed term product. The rate is variable at 3.6%, which means it can move as market rates change rather than staying locked.

Deposits are covered by the EU deposit guarantee scheme, listed as EU DGS up to EUR 100,000, which sets the compensation ceiling if the bank fails. The account is provided by BNP Paribas S.A. Niederlassung Deutschland, so the cover applies to that named entity in Germany.

The market list covers stocks, etfs and funds, so shares, funds and bonds sit alongside leveraged products. That last part carries the warning: 72.62% of retail accounts lose money on CFDs and forex, which is why the demo account matters before any real trade.

A mobile app is listed among the platform features mobile app and demo account, together with a demo account. The demo account lets you try the platform with practice money before committing savings, and the app covers day to day dealing from a phone.

Conversion is charged at 2.1% on the current account, which adds up on any euro spend or holding in another currency. Paying everything in the currency the account is held in keeps that cost away, so it suits mainly domestic spending.

bunq lists stocks, etfs and crypto, so it suits buyers after crypto inside a bank app. CFI adds crypto through stocks, etfs and forex. eToro charges a stock trade fee of $0 against €0.95 per order here, which is the clearest cost difference.