Head to head

comdirect vs Estably — which broker is better?

comdirect or Estably? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

comdirect

Germany's most complete online broker — every product, every platform, and a price list to match.

3,9

Group index 93/100Protection depends on your legal entity

BaFinECB

Stocks (per order): 0.25 %
Minimum deposit: None
FX conversion: 1 %

Visit broker Full review

Estably

A Liechtenstein wealth manager that also hands you the keys to an Interactive Brokers account — two very different products under one brand.

3,9

Group index 80/100Protection depends on your legal entity

FMACBIBaFin

Stocks (per order): 0.14 %
Minimum deposit: €5,000
FX conversion: 0 %

Visit broker Full review

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

The verdict in numbers

Four decision axes, each derived from the recorded data.

Overall both land on 3.9 out of 5. Estably is the cheaper of the two: a reference EUR 5,000 stock order costs €7.00 there against €12.50. comdirect scores 93 against 80 out of 100 on the group index. Your account's protection depends on its legal entity. Estably covers more ground with 11 of 14 asset classes against 10. On platform and app comdirect is ahead, 4.4 against 4.1 out of 5. Which one is right depends on which of these axes matters for your trading profile.

Overall scoreTie

comdirect: 3.9
Estably: 3.9

Costs

comdirect: €12.50
Estably: €7.00 — Better

Group indexNo winner

comdirect: 93 of 100
Estably: 80 of 100

Product range

comdirect: 10/14
Estably: 11/14 — Better

Platform & app

comdirect: 4.4 — Better
Estably: 4.1

Compare brokers side by side

Up to four brokers at once — every row a decision point.

Data as of: 30 Aug 2026

Best value in the row

comdirect · Estably
Criterion	comdirect 3,9 Visit broker	Estably 3,9 Visit broker

Overall score	3.9	3.9
Group index	93 of 100	80 of 100
Best for	Investors who want one full-service accountEurex options and futures tradersActive traders needing a real deskAnyone prioritising deposit protectionClients who also want a German Girokonto	Investors who want Liechtenstein or Swiss custodyGerman-speaking options tradersDelegated portfolios from EUR 20,000Clients who want a named adviserCompany accounts and corporate cash

Regulation	BaFinECB	FMACBIBaFin
Top-tier licences	2	3 — Better
Investor protection	€100,000	€100,000
Listed group	Yes	No
Banking licence	Yes	No
Segregated client accounts	Yes	Yes
Negative balance protection	Yes	Yes
Audited financials	Yes	Yes
Disclosed regulatory actions	1	None
Founded	1994	2019
Headquarters	Quickborn, DE	Vaduz, LI

Fees	2.9	3.5 — Better
Safety & regulation	4.6 — Better	4.0
Trading platform	4.4 — Better	4.3
Product range	4.6 — Better	4.5
Mobile app	4.3 — Better	3.8
Research	4.2 — Better	3.5
Customer support	2.4	4.3 — Better
Deposit & withdrawal	4.0 — Better	3.7
Account opening	4.0 — Better	3.6
Education	4.0	4.0

Reference order EUR 5,000	€12.50	€7.00 — Better
Minimum deposit	None — Better	€5,000
Stocks (per order)	0.25 %	0.14 % — Better
US stocks	0.25 %	US$0.01/share — Better
ETFs	0.25 %	0.14 % — Better
Options	€1.50 — Better	€2
Futures	€4.50	€2 — Better
Crypto	Not offered	Not offered
Bonds (order)	0.25 %	0.15 % — Better
Funds (order)	0.25 % — Better	US$14.95
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	1 %	0.004 % — Better
Inactivity fee	None	n/a
Custody fee	None	None
Withdrawal fee	free — Better	€1
Deposit fee	free	free
Overnight financing	n/a	n/a
Other fees	Custody fee (accounts opened from 15 July 2026): EUR 0.00 per month Custody fee (accounts opened up to 14 July 2026): EUR 1.95 per month (EUR 5.85 per quarter), waived with 2+ trades in the quarter, a Girokonto under the same customer number, or at least one savings plan execution in the quarter Venue fee: 0.0025% min EUR 2.50 at Xetra, Tradegate, gettex, LS Exchange, Quotrix, Stuttgart and Frankfurt Zertifikate AG; 0.005% min EUR 5 at the regional exchanges; none in LiveTrading Savings plan: 1.50% of the amount invested per execution for ETF, share and certificate plans Telephone, fax or letter order: EUR 14.90 surcharge Viel-Trader discount: 15% off commissions in the following half-year from 125 trades in the prior half-year; excludes venue fees, savings plans, promotions and Eurex +8	Custody / account fee (self-directed): None — Estably advertises no Depotgebühren on the IBKR account Discretionary management fee: 1.19% p.a. from EUR 20,000, falling to 1.09% from EUR 250,000, 0.99% from EUR 500,000, 0.89% from EUR 750,000 and 0.79% from EUR 1m Bank charges on managed portfolios: 0.30% p.a., covering custody, account maintenance, transaction costs, annual tax reports and cross-border fees Performance fee: Charged on gains above a high-water mark; Estably does not publish the percentage on its cost page Currency conversion: 0.4 basis points of the converted amount, minimum EUR 4.00 / USD 4.00 per conversion Fixed and overnight deposit mandate: 0.69% p.a. from EUR 50,000, falling to 0.13% from EUR 5m, plus 0.30% bank charges +2

Asset classes (of 14)	10	11 — Better
Exchanges	n/a	150
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	Yes	Yes
Futures	Yes	Yes
Forex	No	Yes
CFDs	Yes	Yes
Crypto	No	No
Bonds	Yes	Yes
Funds	Yes	Yes
Commodities	Yes	Yes
Indices	Yes	Yes
Warrants	Yes	Yes
Spread betting	No	No
Social trading	No	No

Platforms	comdirect web (Persönlicher Bereich)ProTradercomdirect Appcomdirect trading AppCFD Trader and CFD AppO&F-TraderREST APIstock3, TraderFox and Quant4you	Trader Workstation (TWS)IBKR Client PortalIBKR Mobile TraderInteractive Brokers APIEstably client portal (managed portfolios)
Demo account	Yes	Yes
Fractional shares	Yes	Yes
Maximum leverage	1:30	1:30 · Pro 1:200
Account opening	Fully online in a few minutes with identity verification and photoTAN activation; the Eurex O&F account is a separate paper application	Digital onboarding with adviser support; EUR 5,000 minimum for the self-directed account, EUR 20,000 for a managed mandate
Account types	comdirect DepotPure DepotJunior DepotZweit-DepotCFD-KontoO&F-Kontocominvest	Margin-Depot (self-directed)Cash-Depot (self-directed)Modern Value (discretionary)Best of Funds / Asset Protect (discretionary)Estably SelectFirmendepot

Payment methods	Bank transferSEPA	Bank transferSEPA
Account currencies	EUR	EURUSDCHFGBPAUDCADJPYHKDSGDSEK+8
Deposit time	SEPA credit transfer, typically same day to 1 business day; instant if transferred from a comdirect Girokonto	SEPA 1–2 business days; international wire 1–4 business days
Withdrawal time	1–2 business days to the reference account	1–3 business days
Free withdrawals	n/a	1/month

Languages	German	GermanEnglish
Channels	PhoneEmailLive chat	PhoneEmailTicket system
Availability	24/7 by phone, e-mail and live chat; the CFD desk runs Mon–Fri 08:00–22:00, Sat 10:00–18:00 and Sun 12:00–20:00	Business hours CET; personal adviser model rather than a 24/5 desk

Strengths and weaknesses side by side

Editorial assessment based on the recorded data.

comdirect

Germany's most complete online broker — every product, every platform, and a price list to match.

3,9

Pros

The broadest product range of the three German incumbents: shares, ETFs, funds, bonds, certificates, warrants, CFDs and direct Eurex options and futures in one depot
Excellent platform stack — ProTrader for real-time multi-monitor trading, O&F-Trader with a margin simulator, CFD Trader with a free demo, plus a documented REST API and stock3, TraderFox and Quant4you integrations
Cash sits behind Commerzbank AG: statutory EdB cover of EUR 100,000 plus the voluntary BdB Einlagensicherungsfonds protecting private individuals up to EUR 3 million, with direct ECB supervision as a significant institution
Custody is now free for depots opened from 15 July 2026, and the second depot has always been free
Cheap Eurex derivatives pricing: EUR 1.50 per single-stock option contract and EUR 1.50 for the MicroDAX future, each with a EUR 9.90 execution minimum
Fully tax-simple for German residents — automatic Abgeltungsteuer withholding, Freistellungsauftrag, loss-offset pots and free annual tax certificates
A EUR 1.00 Pure Depot exists for investors who only need gettex and savings plans, and a 15% Viel-Trader discount rewards 125+ trades per half-year

Cons

Standard commissions are among the highest in the market: EUR 4.90 plus 0.25% of order value, minimum EUR 9.90 and maximum EUR 59.90, plus a EUR 2.50 venue fee — roughly four times what flatex charges on a EUR 10,000 order
Savings plans cost 1.50% of the amount invested per execution. On a EUR 500 monthly ETF plan that is EUR 7.50 a month, or EUR 90 a year, where Consorsbank and flatex both charge zero
Customer service is the standout failure: 1.4 out of 5 on Trustpilot across 4,117 reviews, dominated by complaints about extremely long telephone hold times and unhelpful responses, despite the advertised 24/7 desk
The advertised EUR 3.90 per trade applies only to new depot customers for 36 months, after which the full tariff returns — the headline number is not the price you end up paying
The cheap Pure Depot is heavily restricted: gettex only, no off-exchange trading, no derivatives, no IPOs, no ProTrader, no securities credit, no joint or second depot
No spot cryptocurrency and no wallet — exposure is limited to crypto certificates and ETNs, and foreign trades settle at Commerzbank reference rates rather than a published percentage markup; comdirect's own cost disclosure estimates the conversion at 1%

Best for

Investors who want one full-service accountEurex options and futures tradersActive traders needing a real deskAnyone prioritising deposit protectionClients who also want a German Girokonto

Estably

A Liechtenstein wealth manager that also hands you the keys to an Interactive Brokers account — two very different products under one brand.

3,9

Pros

Self-directed Xetra orders at 0.14% with a EUR 3.90 minimum and a EUR 99.00 cap — the lowest per-order minimum among the German-market Interactive Brokers intermediaries
Eurex options and futures at EUR 2.00 per contract, Mini-DAX futures at EUR 1.00 and CME Micro E-minis at USD 1.25, with EUR 1.80 / USD 3.00 option pricing available through partner sign-ups
FMA-licensed Liechtenstein asset manager, audited annually by Grant Thornton, participant in the EAS investor compensation system and a member of the VUVL association of independent asset managers
Managed portfolios can be custodied at Baader Bank, Liechtensteinische Landesbank or St. Galler Kantonalbank — and the Baader route withholds German tax automatically, with a Verlustverrechnungstopf
Access to more than 150 exchanges in 33 countries and over 1.2 million instruments through Interactive Brokers, with no custody or account fee on the self-directed side
Unusually deep German-language options material — an options guide, the wheel strategy for beginners, margin requirement explainers and a full TWS/Client Portal handbook
Personal adviser model with a Liechtenstein phone line and a 4.6 Trustpilot rating from more than 420 reviews

Cons

The self-directed account withholds no Abgeltungsteuer — German clients must declare everything themselves through their annual tax return, exactly as at any Interactive Brokers intermediary
EUR 5,000 minimum deposit on the brokerage account and EUR 20,000 on a managed mandate; the margin account additionally requires a minimum age of 21
Discretionary management costs 1.19% per year plus 0.30% bank charges plus a performance fee whose percentage is not disclosed on the cost page — an odd gap on a page titled 'Transparente Kosten'
Above roughly EUR 2,860 of order value CapTrader's 0.10% schedule beats Estably's 0.14%: a EUR 10,000 Xetra order costs EUR 14.00 here against EUR 10.00 there
No Estably-branded trading app — the mobile experience is Interactive Brokers' Mobile Trader, and there is no proprietary web platform equivalent to LYNX+
Residents of the US, Canada, Australia and Iran cannot open the self-directed account, and Estably's own research output is marketing-led rather than an independent analysis desk

Best for

Investors who want Liechtenstein or Swiss custodyGerman-speaking options tradersDelegated portfolios from EUR 20,000Clients who want a named adviserCompany accounts and corporate cash

Open an account with either

A demo account costs nothing and answers the platform question in ten minutes.

Visit broker: comdirect Visit broker: Estably

More comparisons

Alternatives people weigh up alongside these two.

comdirect vs Estably — which broker is better?

comdirect or Estably? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.

The verdict in numbers

Four decision axes, each derived from the recorded data.

comdirect · Estably
Criterion	comdirect 3,9 Visit broker	Estably 3,9 Visit broker

Overall score	3.9	3.9
Group index	93 of 100	80 of 100
Best for	Investors who want one full-service accountEurex options and futures tradersActive traders needing a real deskAnyone prioritising deposit protectionClients who also want a German Girokonto	Investors who want Liechtenstein or Swiss custodyGerman-speaking options tradersDelegated portfolios from EUR 20,000Clients who want a named adviserCompany accounts and corporate cash

Regulation	BaFinECB	FMACBIBaFin
Top-tier licences	2	3 — Better
Investor protection	€100,000	€100,000
Listed group	Yes	No
Banking licence	Yes	No
Segregated client accounts	Yes	Yes
Negative balance protection	Yes	Yes
Audited financials	Yes	Yes
Disclosed regulatory actions	1	None
Founded	1994	2019
Headquarters	Quickborn, DE	Vaduz, LI

Fees	2.9	3.5 — Better
Safety & regulation	4.6 — Better	4.0
Trading platform	4.4 — Better	4.3
Product range	4.6 — Better	4.5
Mobile app	4.3 — Better	3.8
Research	4.2 — Better	3.5
Customer support	2.4	4.3 — Better
Deposit & withdrawal	4.0 — Better	3.7
Account opening	4.0 — Better	3.6
Education	4.0	4.0

Reference order EUR 5,000	€12.50	€7.00 — Better
Minimum deposit	None — Better	€5,000
Stocks (per order)	0.25 %	0.14 % — Better
US stocks	0.25 %	US$0.01/share — Better
ETFs	0.25 %	0.14 % — Better
Options	€1.50 — Better	€2
Futures	€4.50	€2 — Better
Crypto	Not offered	Not offered
Bonds (order)	0.25 %	0.15 % — Better
Funds (order)	0.25 % — Better	US$14.95
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	1 %	0.004 % — Better
Inactivity fee	None	n/a
Custody fee	None	None
Withdrawal fee	free — Better	€1
Deposit fee	free	free
Overnight financing	n/a	n/a
Other fees	Custody fee (accounts opened from 15 July 2026): EUR 0.00 per month Custody fee (accounts opened up to 14 July 2026): EUR 1.95 per month (EUR 5.85 per quarter), waived with 2+ trades in the quarter, a Girokonto under the same customer number, or at least one savings plan execution in the quarter Venue fee: 0.0025% min EUR 2.50 at Xetra, Tradegate, gettex, LS Exchange, Quotrix, Stuttgart and Frankfurt Zertifikate AG; 0.005% min EUR 5 at the regional exchanges; none in LiveTrading Savings plan: 1.50% of the amount invested per execution for ETF, share and certificate plans Telephone, fax or letter order: EUR 14.90 surcharge Viel-Trader discount: 15% off commissions in the following half-year from 125 trades in the prior half-year; excludes venue fees, savings plans, promotions and Eurex +8	Custody / account fee (self-directed): None — Estably advertises no Depotgebühren on the IBKR account Discretionary management fee: 1.19% p.a. from EUR 20,000, falling to 1.09% from EUR 250,000, 0.99% from EUR 500,000, 0.89% from EUR 750,000 and 0.79% from EUR 1m Bank charges on managed portfolios: 0.30% p.a., covering custody, account maintenance, transaction costs, annual tax reports and cross-border fees Performance fee: Charged on gains above a high-water mark; Estably does not publish the percentage on its cost page Currency conversion: 0.4 basis points of the converted amount, minimum EUR 4.00 / USD 4.00 per conversion Fixed and overnight deposit mandate: 0.69% p.a. from EUR 50,000, falling to 0.13% from EUR 5m, plus 0.30% bank charges +2

Asset classes (of 14)	10	11 — Better
Exchanges	n/a	150
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	Yes	Yes
Futures	Yes	Yes
Forex	No	Yes
CFDs	Yes	Yes
Crypto	No	No
Bonds	Yes	Yes
Funds	Yes	Yes
Commodities	Yes	Yes
Indices	Yes	Yes
Warrants	Yes	Yes
Spread betting	No	No
Social trading	No	No

Platforms	comdirect web (Persönlicher Bereich)ProTradercomdirect Appcomdirect trading AppCFD Trader and CFD AppO&F-TraderREST APIstock3, TraderFox and Quant4you	Trader Workstation (TWS)IBKR Client PortalIBKR Mobile TraderInteractive Brokers APIEstably client portal (managed portfolios)
Demo account	Yes	Yes
Fractional shares	Yes	Yes
Maximum leverage	1:30	1:30 · Pro 1:200
Account opening	Fully online in a few minutes with identity verification and photoTAN activation; the Eurex O&F account is a separate paper application	Digital onboarding with adviser support; EUR 5,000 minimum for the self-directed account, EUR 20,000 for a managed mandate
Account types	comdirect DepotPure DepotJunior DepotZweit-DepotCFD-KontoO&F-Kontocominvest	Margin-Depot (self-directed)Cash-Depot (self-directed)Modern Value (discretionary)Best of Funds / Asset Protect (discretionary)Estably SelectFirmendepot

Payment methods	Bank transferSEPA	Bank transferSEPA
Account currencies	EUR	EURUSDCHFGBPAUDCADJPYHKDSGDSEK+8
Deposit time	SEPA credit transfer, typically same day to 1 business day; instant if transferred from a comdirect Girokonto	SEPA 1–2 business days; international wire 1–4 business days
Withdrawal time	1–2 business days to the reference account	1–3 business days
Free withdrawals	n/a	1/month

Languages	German	GermanEnglish
Channels	PhoneEmailLive chat	PhoneEmailTicket system
Availability	24/7 by phone, e-mail and live chat; the CFD desk runs Mon–Fri 08:00–22:00, Sat 10:00–18:00 and Sun 12:00–20:00	Business hours CET; personal adviser model rather than a 24/5 desk

Criterion

3,9

3,9

Overall score

3.9

Group index

93 of 100

80 of 100

Best for

Investors who want one full-service accountEurex options and futures tradersActive traders needing a real deskAnyone prioritising deposit protectionClients who also want a German Girokonto

Investors who want Liechtenstein or Swiss custodyGerman-speaking options tradersDelegated portfolios from EUR 20,000Clients who want a named adviserCompany accounts and corporate cash

Regulation

BaFinECB

FMACBIBaFin

Top-tier licences

Investor protection

€100,000

Listed group

Banking licence

Segregated client accounts

Negative balance protection

Audited financials

Disclosed regulatory actions

None

Founded

1994

2019

Headquarters

Quickborn, DE

Vaduz, LI

Fees

2.9

3.5

Safety & regulation

4.6

4.0

Trading platform

4.4

4.3

Product range

4.6

4.5

Mobile app

4.3

3.8

Research

4.2

3.5

Customer support

2.4

4.3

Deposit & withdrawal

4.0

3.7

Account opening

4.0

3.6

Education

4.0

Reference order EUR 5,000

€12.50

€7.00

Minimum deposit

None

€5,000

Stocks (per order)

0.25 %

0.14 %

US stocks

0.25 %

US$0.01/share

ETFs

0.25 %

0.14 %

Options

€1.50

€2

Futures

€4.50

€2

Crypto

Not offered

Bonds (order)

0.25 %

0.15 %

Funds (order)

0.25 %

US$14.95

EUR/USD spread

n/a

Index CFD spread

n/a

FX conversion

1 %

0.004 %

Inactivity fee

None

n/a

Custody fee

None

Withdrawal fee

free

€1

Deposit fee

free

Overnight financing

n/a

Other fees

Custody fee (accounts opened from 15 July 2026): EUR 0.00 per month
Custody fee (accounts opened up to 14 July 2026): EUR 1.95 per month (EUR 5.85 per quarter), waived with 2+ trades in the quarter, a Girokonto under the same customer number, or at least one savings plan execution in the quarter
Venue fee: 0.0025% min EUR 2.50 at Xetra, Tradegate, gettex, LS Exchange, Quotrix, Stuttgart and Frankfurt Zertifikate AG; 0.005% min EUR 5 at the regional exchanges; none in LiveTrading
Savings plan: 1.50% of the amount invested per execution for ETF, share and certificate plans
Telephone, fax or letter order: EUR 14.90 surcharge
Viel-Trader discount: 15% off commissions in the following half-year from 125 trades in the prior half-year; excludes venue fees, savings plans, promotions and Eurex
+8

Custody / account fee (self-directed): None — Estably advertises no Depotgebühren on the IBKR account
Discretionary management fee: 1.19% p.a. from EUR 20,000, falling to 1.09% from EUR 250,000, 0.99% from EUR 500,000, 0.89% from EUR 750,000 and 0.79% from EUR 1m
Bank charges on managed portfolios: 0.30% p.a., covering custody, account maintenance, transaction costs, annual tax reports and cross-border fees
Performance fee: Charged on gains above a high-water mark; Estably does not publish the percentage on its cost page
Currency conversion: 0.4 basis points of the converted amount, minimum EUR 4.00 / USD 4.00 per conversion
Fixed and overnight deposit mandate: 0.69% p.a. from EUR 50,000, falling to 0.13% from EUR 5m, plus 0.30% bank charges
+2

Asset classes (of 14)

Exchanges

n/a

150

Stocks

ETFs

Options

Futures

Forex

CFDs

Crypto

Bonds

Funds

Commodities

Indices

Warrants

Spread betting

Social trading

Platforms

comdirect web (Persönlicher Bereich)ProTradercomdirect Appcomdirect trading AppCFD Trader and CFD AppO&F-TraderREST APIstock3, TraderFox and Quant4you

Trader Workstation (TWS)IBKR Client PortalIBKR Mobile TraderInteractive Brokers APIEstably client portal (managed portfolios)

Demo account

Fractional shares

Maximum leverage

1:30

1:30 · Pro 1:200

Account opening

Fully online in a few minutes with identity verification and photoTAN activation; the Eurex O&F account is a separate paper application

Digital onboarding with adviser support; EUR 5,000 minimum for the self-directed account, EUR 20,000 for a managed mandate

Account types

comdirect DepotPure DepotJunior DepotZweit-DepotCFD-KontoO&F-Kontocominvest

Margin-Depot (self-directed)Cash-Depot (self-directed)Modern Value (discretionary)Best of Funds / Asset Protect (discretionary)Estably SelectFirmendepot

Payment methods

Bank transferSEPA

Account currencies

EUR

EURUSDCHFGBPAUDCADJPYHKDSGDSEK+8

Deposit time

SEPA credit transfer, typically same day to 1 business day; instant if transferred from a comdirect Girokonto

SEPA 1–2 business days; international wire 1–4 business days

Withdrawal time

1–2 business days to the reference account

1–3 business days

Free withdrawals

n/a

1/month

Languages

German

GermanEnglish

Channels

PhoneEmailLive chat

PhoneEmailTicket system

Availability

24/7 by phone, e-mail and live chat; the CFD desk runs Mon–Fri 08:00–22:00, Sat 10:00–18:00 and Sun 12:00–20:00

Business hours CET; personal adviser model rather than a 24/5 desk