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Best Online Brokers & Trading Apps in Germany (compared in 2024)

Franklin Silva| Updated May 16th, 2024

Selecting the best broker or trading app in Germany is a crucial step in your online trading journey. With numerous options available, making an informed decision becomes essential for managing your investments effectively.

This guide takes a closer look at various online trading brokers and apps in Germany, examining their features, costs, and user-friendliness. Whether you’re a beginner trader or someone with prior experience, our goal is to provide you with insights that will empower you in making a well-informed choice.

Join us as we delve into detailed analysis, helping you discover the broker/trading app in Germany that not only meets your specific financial objectives but also aligns seamlessly with them.

Best Online Brokers & Trading Apps in Germany

No time to read the whole article? Here is the top seven list of what we believe are the best trading brokers in Germany:

  1. eToro: Best broker for beginners and social trading
  2. Interactive Brokers: Best German broker overall
  3. Scalable Capital: Best for automatic investing (Robo-advisor)
  4. Plus500: Ideal for CFDs
  5. DEGIRO: Best for long-term investors
  6. Saxo Markets: Best for experienced investors
  7. Trading 212: Best for auto invest and commission-free ETFs

✔️ All of them are authorized to operate in Germany by the Federal Financial Supervisory Authority (BaFin).

Best Online Brokers & Trading Apps in Germany (compared in 2024) 1

#1 Best broker for beginners and social trading

Min. deposit of $50
$0 for stocks and ETFs (other fees apply)
Demo account
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2Read review
eToro summary

The leading social trading platform with 30M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFCA, CySEC and ASIC.Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.

51% of retail CFD accounts lose money.

Best Online Brokers & Trading Apps in Germany (compared in 2024) 3

#2 Best German broker overall

Min. deposit of €0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2Read review
Interactive Brokers summary

IBKR is a leading global online broker which provides an advanced trading platform, a large selection of tradable securities, and low fees. It also launched IBKR GlobalTrader.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.Interest on uninvested cashEUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)
Products and MarketsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds.
Best Online Brokers & Trading Apps in Germany (compared in 2024) 5

#3 Best for automatic investing (Robo-advisor)

Minimum deposit: €1 (Broker); €1,000 (Robo-Advisor)
0% Commission
Suited for retail investors
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2
Scalable Capital summary

Scalable Capital acts both as an Online Broker and a Robo-Advisor.

Supported countriesAustria, France, Italy, Netherlands, Germany, SpainFractional sharesYes
RegulatorsBaFinInterest on uninvested cashEUR: 2.60%
Products and MarketsStocks, ETF, funds, derivatives and crypto ETPs.
Best Online Brokers & Trading Apps in Germany (compared in 2024) 7

#4 Best for CFDs

Min. deposit of €100
Demo Account
Accessible app
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2Read review
Plus500 summary

Plus500 is an online broker offering several financial tradable securities such as stocks (Plus500 Invest) and a wide range of CFDs (Plus500 CFD)

Supported countriesWorldwide (exceptions apply - not available in the USA)Fractional sharesNo
RegulatorsFCA, CySEC, FSCA, FMA and ASIC.Interest on uninvested cash0%
Products and MarketsReal Shares (Plus500 Invest) and CFDs on Indices, Forex, Commodities, Cryptocurrencies, Shares, Options and ETFs.

80% of retail CFD accounts lose money.

Best Online Brokers & Trading Apps in Germany (compared in 2024) 9

#5 Best for long-term investors

Min. deposit of €0
No Withdrawal Fees
Mobile App
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2Read review
DEGIRO summary

DEGIRO is a discount broker allowing retail clients to benefit from the same low rates and opportunities that used to only be available to professional clients.

Supported countriesEuropeFractional sharesNo
RegulatorsAFM, DNBInterest on uninvested cash0%
Products and MarketsReal Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.

Investing involves risk of loss.

Saxo-logo

#6 Best for experienced investors

Demo Account
Excellent reputation
Wide range of financial products
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2Read review
Saxo Markets summary

Saxo Bank is an investment bank specialized in online trading and investment. It is a global and leading online broker, offering access to most asset classes worldwide.

Supported countriesWorldwide (exceptions apply - not available in the USA)Fractional sharesNo
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA.Interest on uninvested cashUSD: Up to 4.059%; EUR: Up to 2.65%; GBP: Up to 3.93% (as of January 2024)
Products and MarketsStocks, ETFs, Bonds, Mutual Funds, Crypto ETPs, Options, Futures, Forex, Forex Options, Crypto FX, CFDs and Commodities

62% of retail CFD accounts lose money.

Best Online Brokers & Trading Apps in Germany (compared in 2024) 12

#7 Best for auto invest and commission-free ETFs

Free share bonus with code ``IITW``
Commission-free investing
Minimum deposit: €10
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2Read review
Trading 212 summary

Trading 212 is an online broker that lets you trade stocks, ETFs, and CFDs. It offers commission-free trading and a robo-advisor feature. Free share worth up to €100 with the Trading 212 promo code: “IITW”.

Supported countriesWorldwide (exceptions apply - not available in the USA, Canada, and China)Fractional sharesYes
RegulatorsFCA, CySEC and FSC.Interest on uninvested cashEUR: 4.20%; USD: 5.10%; GBP: 5.00%
Products and MarketsReal Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.

Investing involves risk of loss.

Comparison of Online Brokers Available in Germany

Online Broker Minimum deposit Financial products available Fees on US stocks Regulators
eToro $50 Stocks, ETFs, CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies $0 FCA, CySEC, and ASIC
Interactive Brokers €0 Stocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds. Between $0.0005 and $0.0035 per US share (min. $0.35) FINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB
Scalable Capital €1 (Broker); €1,000 (Robo-Advisor) Stocks, ETFs, funds, derivatives, commodities and crypto ETPs. N/A BaFin, Deutsche Bundesbank
Plus500 €100 Stocks (Plus500 Invest) and CFDs on Indices, Forex, Commodities, Cryptocurrencies, Shares, Options and ETFs. $0.006 per share FCA, CySEC, FSCA, FMA and ASIC
DEGIRO €0   Stocks, ETFs, Bonds, Options, Futures Contracts, Warrants, Investment Funds, and some leveraged products  €1 Commision + €1 Handling  AFM, DNB, BaFin
Saxo Markets €0 Stocks, ETFs, Bonds, Mutual Funds, Crypto ETPs, Options, Futures, Forex, Forex Options, Crypto FX, CFDs and Commodities Up to 0.08 (min. $1) ASIC, FSA, FCA, SFC, MAS, FINMA, DFSA
Trading 212 €10 Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system. €0 FCA, CySEC, and FSC

#1 eToro: Best broker for beginners and social trading

Best Online Brokers & Trading Apps in Germany (compared in 2024) 14
Visit eToroBest Online Brokers & Trading Apps in Germany (compared in 2024) 2

51% of retail CFD accounts lose money.

eToro at a glance

Products availableStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies
RegulatorsFCA, CySEC, ASIC
Minimum Deposit$50
Fees$0 for stocks and ETFs (other fees apply)
Demo AccountAvailable

One of the leading trading platforms in Germany is eToro, an international online broker with over 30 million users who trade stocks, forex, commodities, cryptocurrencies, CFDs, and ETFs. It is known for its social trading feature where you can copy the trades of other experienced traders. There are thousands of verified traders on eToro, and you can pick the best trader based on past Return on Investment (ROI), risk profile, or other factors.

The eToro platform gives users access to over 3,000 different financial instruments, including stocks and ETFs. Additionally, users can invest in ready-made investment portfolios (Smart Portfolios), a group of several assets or traders combined together based on a theme or strategy.

Plus, eToro offers commission-free stock and ETF trading in Germany (other fees apply).

Opening an account and depositing is easy, and you can even try it out with virtual money (a demo account). On the downside, spreads can be high for some products. The only currency accepted (base currency) is the USD, which means that you’ll be charged currency conversion fees upon deposit and withdrawal if you deposit in another currency.

The eToro trading app stands out as a sophisticated platform catering to both novice and seasoned traders. Its intuitive interface facilitates seamless navigation for users across all levels of expertise. Supporting a diverse array of financial instruments, from stocks to cryptocurrencies, eToro offers a comprehensive trading experience. The app is also like a community where people share ideas and help each other. It’s a friendly place for anyone who wants to get into online trading.

If you want to learn more, check out our eToro Review.

Best Online Brokers & Trading Apps in Germany (compared in 2024) 16

Pros

  • Commission-free stock and ETF trading (other fees apply)
  • Social Trading and other innovative products
  • Wide variety of financial products
  • Slick, modern, and easy for anyone to use
  • Top tier regulators

Cons

  • Limited disclosed financial information
  • Withdraw and inactivity fees
  • Spread, overnight, inactivity, and currency conversion fees higher than average
  • Only one currency account (USD) - a currency conversion fee is applied if you deposit in a different currency
  • Doesn’t offer bonds, futures, or options

#2 Interactive Brokers: Best overall

Best Online Brokers & Trading Apps in Germany (compared in 2024) 17
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2

Interactive Brokers at a glance

Products availableStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB
Minimum Deposit€0
Fees$0.0035 per US stock (min. $0.35 per order)
Demo AccountAvailable

Another exceptional trading platform in Germany is Interactive Brokers. Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker that surpassed major financial crises, showing resilience and a rigorous risk management process.

Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from +135 markets, solid trade execution (IB SmartRouting), and a set of technical and fundamental tools to help you in your investment decisions.

Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. Besides, customer service gives crystal clear answers to your doubts, so there is no need to go back and forth.

On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy (but fully online), and the broker doesn’t offer commission-free trading. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.

Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade stocks, ETFs, and options, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, and a demo account.

Want to know more about Interactive Brokers? Check our Interactive Brokers Review.

Interactive Brokers Web App

IBKR Web App

Pros

  • Low commissions on US stock trading
  • No monthly inactivity fee
  • The broadest product and markets range in the brokerage industry
  • Demo account
  • Excellent reputation (founded in 1978)
  • Extensive research and Education tools
  • Has a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors, IBKR GlobalTrader.
  • Offers interest on uninvested cash balances

Cons

  • Complicated and lengthy account opening process (but fully online)
  • Steeper learning curve for beginners
  • Website is difficult to navigate
  • Interactive Advisors (Robo-advisor feature) is only available for US customers

#3 Scalable Capital: Best for automatic investing (robo-advisor)

Best Online Brokers & Trading Apps in Germany (compared in 2024) 5
View BrokerBest Online Brokers & Trading Apps in Germany (compared in 2024) 2

Scalable Capital at a glance

Products availableStocks, ETFs, funds, derivatives, commodities and crypto ETPs
RegulatorsBaFin, Deutsche Bundesbank
Minimum Deposit€1 (Broker); €1,000 (Robo-Advisor)
FeesUp to €3.99
Demo AccountNot Available

Founded in 2014, Scalable Capital is a German fintech that offers two services: Brokerage, where you can trade shares, ETFs, funds, crypto, and derivatives and invest via a savings plan by yourself, and a Wealth Service (Robo-advisor), where you get a personalized portfolio managed by Scalable Capital.

On the brokerage side, the range of available products is considerable: 7,500+ shares, 2,400+ ETFs, 3,000+ Funds, 70+ Crypto ETPs, and 375,000+ derivatives. It offers three pricing plans: “Free broker” for €0/month; “Prime Broker” for €2.99/month and “Prime Broker Flex” for €4.99. In all of them, you have free trading in a list of “PRIME ETFs”. Commission-free trading in shares is included in the “Prime Broker” plan.

Within the Wealth Service, you will only be presented with different portfolios/strategies using ETFs. First, you need to answer a short questionnaire to access your risk profile, and then an appropriate portfolio will be set for you. Up to €100,000, you are charged an annual management fee of 0.75%. You can pay the minimum annual fee of 0.49% if you deposit over €500,000.

Scalable Capital has regulatory permission from the German Federal Financial Supervisory Authority (BaFin) to provide securities services, and it is also supervised by the German Federal Bank (Deutsche Bundesbank). As such, it is a member of the investor compensation scheme, which protects your cash (up to €100,000) and your assets (limited to 90%, up to a maximum of €20,000 per investor).

Scalable Capital landing page

Pros

  • Stocks and ETFs commission-free (in PRIME Broker)
  • €1 minimum deposit
  • Interest on idle cash
  • No custody fee
  • Regulated by Bafin

Cons

  • No access to US stock exchanges
  • No fractional shares
  • Limited crypto available
  • €3.99 per trade on Xetra

#4 Plus500: Ideal for CFDs

Best Online Brokers & Trading Apps in Germany (compared in 2024) 7
Visit Plus500Best Online Brokers & Trading Apps in Germany (compared in 2024) 2

80% of retail CFD accounts lose money.

Plus500 at a glance

Products availableReal Shares (Plus500 Invest) and CFDs on Indices, Forex, Commodities, Cryptocurrencies, Shares, Options and ETFs.
RegulatorsFCA, CySEC, FSCA, FMA and ASIC
Minimum Deposit€100
Fees$0,006 per share - Plus500Invest platform (spreads on Plus500CFD platform)
Demo AccountAvailable

Founded in 2008, Plus500 is an online broker offering a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies. It is available in over 50 countries and is listed on the London Stock Exchange.

There are two distinct account types:

  • Plus500 CFD: It only focuses on CFD products;
  • Plus500 Invest: Where you can trade stocks (real shares);

The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and reliable access from multiple devices, including a mobile app. All platforms are accessible and responsive, and you can start testing the features by opening a demo account.

Their customer support is helpful and readily assesses through a chat that is always shown on the trading platform. Their spreads are low, offering accounts in sixteen currencies, including USD, EUR, and GBP. Still, they charge a 0.70% currency conversion fee and a $10 monthly fee following three months with no activity. On Plus500 Invest, they only charge a small commission per trade (US market: $0.006/share).

Finally, it is regulated by financial regulators like the FCA and CySEC, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity in which you open an account. For instance, If you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for CFD trading on a per-account basis – only to retail clients from the European Union (regulatory requirement).

Want to know more about Plus500? Check our Plus500 Review.

Best Online Brokers & Trading Apps in Germany (compared in 2024) 23

Pros

  • Acessible and responsive platform
  • Low spreads
  • No dealing commissions
  • Demo Account
  • Top-tier regulators

Cons

  • No ETF offering
  • Inactivity fee ($10 per month after no login activity in 3 months)
  • High overnight funding fees
  • Very little research and education provided

#5 DEGIRO: Best for long-term investing

Best Online Brokers & Trading Apps in Germany (compared in 2024) 9
Visit DEGIROBest Online Brokers & Trading Apps in Germany (compared in 2024) 2

Investing involves risk of loss.

DEGIRO at a glance

Products availableStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants
RegulatorsAFM, DNB
Minimum Deposit€0
Fees0% commissions on ETFs (external fees apply)
Demo AccountNot Available
Best Online Brokers & Trading Apps in Germany (compared in 2024) 26

Regarding security, DEGIRO is the Dutch branch of flatexDEGIRO Bank AG (a German-regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank AG will be guaranteed up to €100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Go through our DEGIRO Review!

Pros

  • List of commission-free ETFs available
  • User-friendly web and mobile app
  • Wide range of investment options
  • Education material: Investor’s Academy and Investing with DEGIRO
  • Low overall commission structure
  • No account opening, inactivity, or withdrawal fee

Cons

  • 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
  • €/£1 flat handling fee (charged in most transactions)
  • €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
  • Does not offer Forex, CFDs, and Cryptos
  • No demo account
  • Little research
  • Low-quality customer support

#6 Saxo Markets: Best for experienced investors

Saxo-logo
Visit Saxo MarketsBest Online Brokers & Trading Apps in Germany (compared in 2024) 2

62% of retail CFD accounts lose money.

Saxo at a glance

Products availableStocks, ETFs, Bonds, Mutual Funds, Crypto ETPs, Options, Futures, Forex, Forex Options, Crypto FX, CFDs and Commodities
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA
Minimum Deposit€2,000 (for Germany)
FeesUp to 0.08% (min. $1) in US stocks
Demo AccountAvailable

Launched in 1992, Saxo Bank is one of the most solid financial entities in the brokerage industry, with a proven track record of success. It lets you trade over 70,000 financial instruments through their trading platforms: SaxoTraderPRO (for PC) and SaxoTraderGO (on mobile).

The wide range of cash and margin trading products across global markets includes stocks, ETFs, bonds, mutual funds, cryptos, options, futures, CFDs, forex, and more! Saxo Bank presents its advanced research tools for “Buy and hold or trade on leverage”. 

The Saxo Bank account tiers are the following:

  • Classic: A minimum €2,000 deposit is required (depending on the country of residency), giving you access to tight spreads and customer and technical support 24/5.
  • Platinum: A minimum €200,000 deposit is required. In addition to Classic features, it also lowers trading prices by up to 30% and prioritizes local-language customer support.
  • VIP: A minimum €1,000,000 deposit is required. Here, you will find the best prices, access to trading experts, and exclusive event invitations.
SaxoTraderGo Dashboard

The pricing structure will vary according to your account tier. For instance, a US stock order will be 0.08% of the trade value, with a minimum of $1 in Classic. However, within the VIP tier, the same trade would be 0.03% of the trade value with the same minimum of $1. Plus, for accounts with stocks, ETFs/ETCs, or bond positions, a custody fee of up to 0.15% p.a. will apply.

The listed prices are approximate and will differ based on the resident country. For precise pricing details, refer to the platform’s trade tickets for a comprehensive overview.

Saxo Bank A/S is a fully licensed European bank under the supervision of the Danish Financial Supervisory Authority (FSA). Saxo Bank is a member of the Danish Guarantee Fund, which protects client cash deposits up to €100,000 and financial securities (stocks, ETFs,…) up to €20,000 per client.

Pros

  • Excellent research materials
  • Outstanding trading platforms (SaxoTraderPRO and SaxoTraderGO)
  • Extensive range of investment products
  • Long track record
  • Supervised by worldwide top-tier regulators

Cons

  • High minimum deposit (varies between countries)
  • Fees higher than average
  • Fee structure is complex
  • Does not accept US residents

#7 Trading 212: Best for auto invest and commission-free ETFs

Best Online Brokers & Trading Apps in Germany (compared in 2024) 28
Visit Trading 212Best Online Brokers & Trading Apps in Germany (compared in 2024) 2

Investing involves risk of loss.

Trading 212 at a glance

Products availableReal Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system
RegulatorsFCA, CySEC and FSC
Minimum Deposit€10
Fees€0
Demo AccountAvailable

Founded in 2006, Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple mobile application. The company aims to do this by allowing anyone to invest in over 10,000 stocks and ETFs, Forex, commodities, CFDs, and cryptocurrencies. Over 15 million people have already downloaded the app.

In Trading 212, you will find commission-free stocks and ETFs trading, fractional shares, and even an automatic investment system (Robo-advisor). Opening an account is extremely quick and easy. On the downside, it shows limitations regarding available products, such as the lack of bonds and options. It charges a 0.15% currency conversion fee when buying assets in a currency different from your base account.

Best Online Brokers & Trading Apps in Germany (compared in 2024) 30

Within the app, you will notice two distinct sub-platforms: Trading 212 Invest, where you can trade a range of assets free of charge, and Trading 212 CFD, where you may trade leveraged financial products (CFDs).

If you want to learn more, check our Trading 212 Review.

Pros

  • Commission-free Real Stocks and ETFs trading
  • AutoInvest & Pies feature
  • Fast and easy account opening process
  • Demo account
  • Top Tier Regulators
  • One free share worth up to €100 using the promo code "IITW"

Cons

  • Limited product portfolio (no Options, Bonds, Mutual Funds or Futures)
  • No relevant Fundamental tools
  • Spreads on Forex CFDs may be high in certain trading hours
  • Foreign exchange fees (0.15% and 0.50% in “Invest” and “CFDs” accounts, respectively)

How to buy stocks in Germany with a trading app?

To buy stocks in Germany using a trading app, follow these steps:

  1. Download and Install a Regulated Trading App: Begin by selecting a trusted trading app available for download on your mobile device.
  2. Create an Account and Deposit Funds: After installing the app, follow the registration process to create an account. Once registered, deposit funds into your trading account using a secure payment method provided by the app.
  3. Search for Stocks: Explore the app’s features to locate the search function. Enter the names or symbols of the stocks you’re interested in to access their profiles and market data.
  4. Analyze Stock Performance: Take advantage of the app’s analytical tools to assess the performance and potential of the chosen stocks. Review historical data, charts, and relevant news to make informed decisions.
  5. Choose the Number of Shares: Determine the quantity of shares you wish to purchase. The app typically allows you to specify the number of shares or the monetary amount you want to invest.
  6. Execute the Purchase Through the App: Initiate the buying process by following the app’s prompts to execute the purchase. Confirm the transaction details, including the stock, quantity, and total investment.
  7. Confirm Transaction Details: Before finalizing the transaction, carefully review the provided details to ensure accuracy. Confirm the purchase, and the app will process the order.
  8. Monitor Investments with Portfolio Tracking: Utilize the app’s portfolio tracking features to monitor the performance of your investments. Keep an eye on market changes, stock fluctuations, and overall portfolio growth.

By following these steps, you can seamlessly navigate the process of buying stocks in Germany using a trading app, empowering yourself to make informed investment decisions.

Which platform should you choose?

When selecting a trading broker in Germany, consider factors like fees, customer service, platform usability and if it is regulated or registered in top-tier institutions such as the BaFin and FCA. Also it is important to check the range of products it allows you to trade (not all platforms allow you to trade stock options, for instance).

Ultimately, choose a broker that aligns with your trading preferences and financial goals. Explore the websites above and decide for yourself!

A reminder that the above should not be seen as investment advice and should be considered information only. Investors should do their own research and diligence about the best-suited services and opportunities for their risk, returns, and impact strategy.

Final thoughts

In conclusion, navigating the world of online trading in Germany requires careful consideration of various factors, and this guide has aimed to simplify that process. Choosing the right broker or trading app is a critical decision.

Our top picks include:

#1 eToroBest for beginners and those interested in social trading.
#2 Interactive BrokersBest overall
#3 Scalable CapitalBest for automatic investing
#4 Plus500Ideal for CFDs
#5 DEGIROBest for long-term investing
#6 Saxo MarketsBest for experienced investors
#7 Trading 212Best for auto invest and commission-free ETFs

Happy investments!

Other FAQs about Brokers in Germany

How to invest in stocks from Germany?

You can use one of the online brokers shown above: eToro, Plus500, Interactive Brokers, Saxo Markets, DEGIRO, Scalable Capital and Trading 212. Most US-based online brokers like Vanguard, TD Ameritrade and Robinhood are not available in Germany.

What is a brokerage company?

It is an entity designed to be the middleman between you and the people you are trying to buy or sell a stock, ETF, crypto,… you name it!

Which broker is best in Germany?

There is no single answer. It depends on what you value most: fees, security, investment platform or any relevant feature.

What are the types of investments you can make with a brokerage account?

You can trade stocks, ETFs, Forex, Bonds, Futures and CFDs on stocks, ETFs, indices, cryptocurrencies, commodities.

Is Forex trading legal in Germany?

Yes, forex trading is legal in Germany. Traders can participate through authorized and regulated brokers, complying with European Securities and Markets Authority (ESMA) regulations and obtaining approval from the Federal Financial Supervisory Authority (BaFin).

How to buy bonds in Germany?

To buy bonds in Germany, follow these steps:

  1. Open a brokerage account with a reputable platform.
  2. Research and choose the desired bonds.
  3. Place an order through your broker’s trading platform.
  4. Specify the bond quantity and confirm the purchase.
  5. Monitor your bond investments through your brokerage account.
Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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