flatex Online-Broker (DE) review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
flatex is a low-fee German broker for investors who want a free account and a flat stock trade fee without paying to sit on cash. Its €0 account fee and free free make it easy to hold, move and trade money, though the €5.90 per trade adds up for frequent traders.
Key facts
- Best for
- Cost-conscious German and European investors who want no account fee and a broad market list.
- Stock trade fee
- €5.90↗
- Account fee
- €0↗
- Markets
- Stocks, ETFs, Forex, CFDs, Options, Crypto, Bonds, Funds, Metals↗
- Regulators
- BaFin↗
- Investor protection
- EU ICS up to EUR 20,000↗
- Currency conversion fee
- 0.4%↗
- Deposit and withdrawal fees
- Free↗
- Platforms
- Web, Mobile↗
- Account types
- Joint↗
- Legal entity
- flatexDEGIRO SE↗
- Headquarters
- Germany↗
- Support channels
- Email, Phone, Help-centre↗
- Features
- Crypto, Demo account, Mobile app
- Pricing model
- Low fees
- Official website
- flatex.de
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- WikipediaTrustpilot
Pros and cons
Pros
- The account fee is €0, so holding an account costs nothing
- Stock trades cost €5.90, a flat rate that suits regular smaller buys
- Deposits and withdrawals are free, so moving money in and out adds no charge
- One account covers stocks, etfs and forex alongside crypto trading
Cons
- The €5.90 stock trade fee is a flat charge, so it is less competitive than percentage brokers for small orders
- Currency conversion costs 0.4%, which bites on non-euro holdings
- Protection stops at EU ICS up to EUR 20,000, so larger portfolios sit above the scheme limit
Who it suits
- Investors in Germany and the euro area who want a free account
- Traders who want one account for stocks, etfs and forex including derivatives
- Anyone paying a currency conversion fee of 0.4% on other brokers
Who should look elsewhere
- Anyone wanting a broker regulated outside the single market, since flatex is supervised by BaFin
- Large portfolios needing cover above EU ICS up to EUR 20,000
- Those who prefer bunq for a narrower bank-led range of stocks, etfs and crypto
Safety of your money
flatex is supervised by BaFin in Germany, where the company is based. Client money is covered by the EU investor compensation scheme, and the stated protection is EU ICS up to EUR 20,000. That limit is well below a large portfolio, so investors holding substantial sums should treat the scheme as a floor rather than full cover. Crypto, forex and CFD trades add market risk on top of any protection.
Who runs it
The account is run by flatexDEGIRO SE, headquartered in Germany. Support runs through email, phone and help centre, so questions can go by email, phone or the help centre. The platform is available on web and mobile through the flatex app, and a joint account option exists for two people holding investments together.
How flatex Online-Broker (DE) compares
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Where flatex Online-Broker (DE) is available
- Licence in Germany
- BaFin, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to open a flatex account?+
The account fee is €0, so there is no charge for holding the account. Deposits and withdrawals are also free. Trading is where costs appear, and a stock trade costs €5.90.
How much does a flatex stock trade cost?+
A stock trade costs €5.90, set as a flat amount rather than a percentage of the trade. That works well for regular, sizeable orders, while smaller and more frequent trades are better served by a percentage broker. Currency conversion adds 0.4% on non-euro holdings.
Is my money protected at flatex?+
Yes. flatex is supervised by BaFin in Germany, and the stated investor protection is EU ICS up to EUR 20,000 under the EU compensation scheme. Portfolios above that ceiling need another layer of cover.
What can I trade on flatex?+
The market list spans stocks, etfs and forex, which covers equities, ETFs, forex, CFDs, options, bonds, funds, metals and crypto in one place. Spread betting is not part of that list. A demo account is available for testing before committing money.
Does flatex charge for currency conversion?+
Yes, conversion costs 0.4%. Buying US-listed shares in euros triggers that charge each time, so it is worth weighing against brokers that offer a cheaper or free conversion. Keeping euro-denominated holdings avoids it.
How do I deposit and withdraw money?+
Deposits and withdrawals are free, so no fee applies either way. Support reaches you through email, phone and help centre if a transfer stalls. A joint account is available for two holders.
Is there a flatex app for investing on the move?+
Yes. The broker runs on web and mobile, so orders can be placed from the flatex app as well as the desktop platform. Crypto trading is available in the same app, and a demo account is offered for practice.
Sources
- brokerchooser.com/broker-reviews/flatex-review checked September 26, 2026
Backs: Deposit and withdrawal fees, Currency conversion fee, Stock trade fee
“withdrawals are free of charge”
- en.wikipedia.org/wiki/Flatexdegiro checked September 26, 2026
Backs: Headquarters, Legal entity
“based in Frankfurt am Main”
- flatex.de checked September 26, 2026
Backs: Account fee, Account types, Features, Markets, Pricing model, Platforms, Support channels
“0,00 EUR”
- flatex.de checked September 26, 2026
Backs: Investor protection, Regulators, Licences
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Minimum deposit, Inactivity fee, Retail accounts that lose money.
flatex Online-Broker (DE)
Cost-conscious German and European investors who want no account fee and a broad market list.