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Trading Accounts for Expats

Navigating the German financial system can be tricky if you don't speak the language. This is especially true when it comes to choosing a trading account as an expat. We're here to help! This site offers simplified guidance tailored for non-German speakers looking to start trading in Germany. With our comparison tool, you'll easily find the brokerage that suits your needs and avoid common obstacles faced by expats.

Top Trading Accounts for Expats

Scalable Free Broker
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
Software & App
Apple App
Android App
English support
English website
English speaking centercenter
Annual fee
€0
Order costs
€0.99
Credit interest
0%
3% + EURIBOR on credit
General information
Vendor Scalable Capital GmbH
Product name Scalable Free Broker
Depositary bank Baader Bank
Custody account management
Anual management fee €0
Interest on credit balance 0%
Order fees Gettex
Base price per order €0.99
Order fees Xetra
Base price per order €3.99
Variable fee per order 0.01%
Minimum fee per order €1.50
ETF savings plans
Number of ETF savings plans 2200
Number of free ETF savings plans 2200
Execution costs ETF savings plan
Minimum rate per savings plan execution €1
Maximum rate per savings plan execution
Note on savings plans
Dynamic increase
Execution interval monthly, bimonthly, quarterly, semiannually, annually
Mobile apps
Apple iOS App
Google Android App
Safety and security
Financial supervision German Federal Financial Supervisory Authority (BaFin)
Deposit protection €100,000
Trade Republic Depot
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
Software & App
Apple App
Android App
English support
English website
English speaking centercenter
Annual fee
€0
Order costs
€1
Credit interest
4%
General information
Vendor Trade Republic Bank GmbH
Product name Trade Republic Depot
Custody account management
Anual management fee €0
Interest on credit balance 4%
Order fees Lange & Schwarz Exchange
Base price per order €1
ETF savings plans
Number of ETF savings plans 2250
Number of free ETF savings plans 0
Execution costs ETF savings plan
Minimum rate per savings plan execution €1
Maximum rate per savings plan execution
Note on savings plans
Dynamic increase
Execution interval weekly, biweekly, monthly, quarterly
Mobile apps
Apple iOS App
Google Android App
Safety and security
Financial supervision German Federal Financial Supervisory Authority (BaFin)
Deposit protection €100,000
ING Direct Depot
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
Software & App
Apple App
Android App
Annual fee
€0
Order costs
€4.90 + 0.25%
Credit interest
0%
General information
Vendor ING-DiBa AG
Product name ING Direct Depot
Custody account management
Anual management fee €0
Interest on credit balance 0%
Order fees Tradegate Exchange
Base price per order €4.90
Variable fee per order 0.25%
Maximum fee per order €69.90
Order fees Munich, Stuttgart, Xetra, EUWAX
Base price per order €4.90
Variable fee per order 0.25%
Maximum fee per order €69.90
Trading venue fee €1.90
Order fees Frankfurt, Berlin, Düsseldorf, Hamburg, Hannover
Base price per order €4.90
Variable fee per order 0.25%
Maximum fee per order €69.90
Trading venue fee €2.90
Mobile apps
Apple iOS App
Google Android App
Safety and security
Financial supervision German Federal Financial Supervisory Authority (BaFin)
Deposit protection €100,000
Commerzbank DirektDepot
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
Software & App
Apple App
Android App
English support
Deposit costs
1.75%
Order costs
€4.90 + 0.25%
Credit interest
0%
General information
Vendor Commerzbank Aktiengesellschaft
Product name Commerzbank DirektDepot
Custody account management
Deposit costs 1.75%
Annual minimum price €19.80
Interest on credit balance 0%
Order fees Frankfurt, Berlin, Düsseldorf, Hamburg, Hannover, Munich, Stuttgart, Xetra, Tradegate Exchange
Base price per order €4.90
Variable fee per order 0.25%
Minimum fee per order €9.90
Mobile apps
Apple iOS App
Google Android App
Safety and security
Financial supervision German Federal Financial Supervisory Authority (BaFin)
Deposit protection €100,000

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!