Head to head

flatex vs justTRADE — which broker is better?

flatex or justTRADE? 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.

flatex

One flat EUR 5.90 per order, free ETF savings plans and a German banking licence — the incumbent that actually competes on price.

4,0

Group index 79/100Protection depends on your legal entity

BaFin

Stocks (per order): €5.90
Minimum deposit: None
FX conversion: 0.35 %

Visit broker Full review

justTRADE

A stripped-down German neobroker that puts three exchanges in competition for every order - and only accepts German citizens.

3,3

Group index 69/100Protection depends on your legal entity

BaFinBaFin

Stocks (per order): €1
Minimum deposit: None
FX conversion: 0.4 %

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 flatex takes it, 4.0 against 3.3 out of 5. justTRADE is the cheaper of the two: a reference EUR 5,000 stock order costs €1.00 there against €5.90. flatex scores 79 against 69 out of 100 on the group index. Your account's protection depends on its legal entity. flatex covers more ground with 9 of 14 asset classes against 6. On platform and app flatex is ahead, 3.9 against 3.4 out of 5. Which one is right depends on which of these axes matters for your trading profile.

Overall score

flatex: 4.0 — Better
justTRADE: 3.3

Costs

flatex: €5.90
justTRADE: €1.00 — Better

Group indexNo winner

flatex: 79 of 100
justTRADE: 69 of 100

Product range

flatex: 9/14 — Better
justTRADE: 6/14

Platform & app

flatex: 3.9 — Better
justTRADE: 3.4

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

flatex · justTRADE
Criterion	flatex 4,0 Visit broker	justTRADE 3,3 Visit broker

Overall score	4.0 — Better	3.3
Group index	79 of 100	69 of 100
Best for	Medium and large single ordersETF savings plan investorsCost-conscious German and Austrian investorsSpot crypto inside a regulated bankBuy-and-hold portfolios that stay fully invested	German-resident cost-conscious buy-and-hold investorsInvestors who want shares, ETFs and real crypto in one loginCertificate and warrant traders using the Gold partnersSmall savings-plan investors from EUR 25 a month

Regulation	BaFin	BaFinBaFin
Top-tier licences	1	2 — 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	No
Disclosed regulatory actions	3	1
Founded	2006	2019
Headquarters	Frankfurt am Main, DE	Frankfurt am Main, DE

Fees	4.3 — Better	3.6
Safety & regulation	4.2 — Better	3.7
Trading platform	3.8 — Better	3.0
Product range	4.0 — Better	2.9
Mobile app	3.9 — Better	3.7
Research	3.3 — Better	2.4
Customer support	3.6 — Better	2.3
Deposit & withdrawal	3.6 — Better	3.0
Account opening	4.3 — Better	4.2
Education	3.6 — Better	2.4

Reference order EUR 5,000	€5.90	€1.00 — Better
Minimum deposit	None	None
Stocks (per order)	€5.90	€1 — Better
US stocks	€5.90	€1 — Better
ETFs	€5.90	€1 — Better
Options	Not offered	Not offered
Futures	Not offered	Not offered
Crypto	0.6 %	0.125 % — Better
Bonds (order)	€5.90	Not offered
Funds (order)	€5.90	Not offered
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	0.35 % — Better	0.4 %
Inactivity fee	None	None
Custody fee	None	None
Withdrawal fee	free	free
Deposit fee	free	free
Overnight financing	n/a	n/a
Other fees	Account and custody fee: EUR 0.00 — depot, cash account, joint depot, second depot and foreign-currency accounts are all free Inactivity fee: None Interest on cash: 0.00% p.a. credit interest — the single biggest hidden cost at flatex Margin / Wertpapierkredit: 6.25% p.a. within an approved credit line; 9.50% p.a. on tolerated overdrafts Currency conversion: An absolute margin on the interbank rate: USD 0.0040 and CHF 0.0040 per euro, GBP 0.0020, CAD 0.0070, JPY 0.2600, SEK 0.0700, NOK 0.0240, DKK 0.0020. On EUR/USD in the 1.10–1.20 range that USD 0.0040 works out to roughly 0.33%–0.36% one way; we record 0.35% as the working figure Real-time quotes: 50 free quotes for new customers, then 25 per month plus 10 per executed order; EUR 0.01 per query beyond the free allowance +7	Custody / account management: Free (Xetra Gold excepted: 0.03% per month) Inactivity fee: None Certificates and warrants: EUR 2.90 + 0.5% of order value, rebated to EUR 0.00 with Gold partners (J.P. Morgan, Morgan Stanley, UBS, Vontobel) and EUR 2.00 with Silver partners (DZ Bank, Societe Generale); minimum order EUR 500 Certificates via Boerse Stuttgart: EUR 1.90 third-party cost passed through, plus the exchange's own transaction fee Savings plans: EUR 0 order commission, from EUR 25 per month, executed on LS Exchange Credit interest on cash: 0.00% p.a. - uninvested cash earns nothing +7

Asset classes (of 14)	9 — Better	6
Exchanges	40 — Better	3
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	No	No
Futures	No	No
Forex	No	No
CFDs	Yes	No
Crypto	Yes	Yes
Bonds	Yes	No
Funds	Yes	No
Commodities	Yes	Yes
Indices	Yes	Yes
Warrants	Yes	Yes
Spread betting	No	No
Social trading	No	No

Platforms	flatex next (web)flatex next (mobile)flatex classicflatex trader 2.0stock3	justTRADE WebjustTRADE App (iOS / Android)stock3 (formerly Guidants)
Demo account	Yes	No
Fractional shares	Yes	Yes
Maximum leverage	1:30	No margin account, no securities-backed credit line, no CFDs and no short selling.
Account opening	Fully online with video or eID identification; flatex advertises account opening in about five minutes	Fully digital via the app with video identification; justTRADE says a new account is live within about 10 minutes
Account types	flatex DepotGemeinschaftsdepotKinderdepotAltersvorsorgedepotCFD-KontoFremdwährungskonto	justTRADE DepotCrypto wallet (Tangany)Altersvorsorgedepot

Payment methods	Bank transferSEPA	Bank transferSEPA
Account currencies	EURUSDGBPCHFCADAUDJPYSEKNOKDKK+2	EUR
Deposit time	SEPA credit transfer, typically 1–2 business days	SEPA credit transfer, typically 1 business day; SEPA instant is not supported
Withdrawal time	1–2 business days to the registered reference account	1-2 business days to the registered reference account; sale proceeds are only transferable after T+2 settlement
Free withdrawals	n/a	n/a

Languages	German	German
Channels	PhoneEmailTicket system	Email
Availability	Weekday telephone and e-mail support; flatex does not publish fixed service hours on its public contact page	Business hours, German only; email and secure mailbox only - no telephone hotline and no live chat

Strengths and weaknesses side by side

Editorial assessment based on the recorded data.

flatex

One flat EUR 5.90 per order, free ETF savings plans and a German banking licence — the incumbent that actually competes on price.

4,0

Pros

EUR 5.90 flat commission on German, US, Canadian and other foreign orders with no percentage component up to EUR 40,000 — a EUR 10,000 trade costs the same as a EUR 1,000 trade
All ETF and fund savings plans execute at EUR 0.00 commission with over 5,000 plans available and no cap on the savings rate
No custody fee, no account fee, no inactivity fee, and free incoming and outgoing depot transfers
Genuine spot crypto in around 25 coins at 0.6%–0.7% all-in, held inside the regulated German bank rather than as an ETN wrapper
Full German banking licence under BaFin and Bundesbank supervision, with an MDAX-listed parent (flatexDEGIRO SE, ticker FTK) publishing audited accounts and over EUR 100 billion in customer securities under custody
Tax-simple in both markets it serves: automatic German Abgeltungsteuer withholding and automatic Austrian KESt settlement at 27.5% on flatex.at
Free foreign-currency sub-accounts, so USD or CHF proceeds can be held rather than converted back at a spread every time
Fast onboarding — flatex advertises a five-minute fully digital account opening, and no minimum deposit applies

Cons

0.00% p.a. credit interest on cash balances. Competitors pay 1%–1.75% on the settlement or call account, so an investor holding EUR 20,000 in cash gives up EUR 200–350 a year that never shows up in any fee table
Currency conversion costs an absolute margin of USD 0.0040 per euro — roughly 0.35% — which is worse than Consorsbank's published USD 0.0030 and far worse than a multi-currency specialist
No Eurex or US options and futures trading at all. Certificates, knock-outs and Société Générale CFDs are the only leveraged instruments on offer
Real-time quotes are metered: 25 free per month plus 10 per executed order, then EUR 0.01 per query, and the professional flatex trader 2.0 platform costs EUR 15–39 a month on top
The EUR 5.90 floor makes flatex expensive for small orders — a EUR 300 purchase pays about 2% in commission before venue costs, where a EUR 1 neobroker charges 0.3%
Direct foreign market access is narrow: US, Canada, Euronext, Vienna, Zurich and Milan (sell only). There is no direct London, Tokyo, Hong Kong or Nordic access, and stock savings plans cost 1.00% of the rate

Best for

Medium and large single ordersETF savings plan investorsCost-conscious German and Austrian investorsSpot crypto inside a regulated bankBuy-and-hold portfolios that stay fully invested

justTRADE

A stripped-down German neobroker that puts three exchanges in competition for every order - and only accepts German citizens.

3,3

Pros

Three competing exchange venues (LS Exchange, Quotrix, Tradegate BSX) with a quote-request order that executes at exactly the price you confirmed - no market orders, no execution surprises
EUR 1.00 per stock or ETF order at LS Exchange and Tradegate BSX, with no minimum order value: you can buy a single share
No custody fee, no account fee, no inactivity fee, no charge for dividends, corporate actions or transfers out
Savings plans on ETFs, ETCs, commodities, crypto and wikifolios cost EUR 0 order commission from EUR 25 a month
Real spot crypto in the same account - 65+ coins held by BaFin-supervised Tangany GmbH in Germany, tradable 24/7 from EUR 25 at 0.125%
Sutor Bank (founded 1921) holds the banking licence, so cash falls under the statutory EUR 100,000 guarantee plus the private banks' voluntary fund
Full German tax agency: Abgeltungsteuer and church tax withheld automatically, FIFO cost basis, free annual tax certificate and loss certificate
About 1.75 million certificates and warrants from seven issuers, with EUR 0 commission at the four Gold partners

Cons

Account opening requires German citizenship AND German tax residence - a residence permit is explicitly not sufficient, which excludes a large share of German residents
You cannot transfer an existing securities portfolio into justTRADE. Incoming Depotuebertraege are not supported at all, so switching means selling and realising tax
The public marketing still says 'ab 0 EUR Orderprovision' while the 08.06.2026 price list charges EUR 2.90 as standard and EUR 1.00 at two venues - the cheapest German neobrokers are now cheaper on the same order
Support is email only: no telephone hotline, no live chat, German only
No individual bonds, no mutual funds, and French, Italian, Spanish and Greek shares (plus their ADRs) are untradable because of local financial transaction taxes
Uninvested cash pays 0.00% p.a. while a tolerated overdraft costs 9.00% p.a.; the broker's answer is to sell you money-market ETFs instead

Best for

German-resident cost-conscious buy-and-hold investorsInvestors who want shares, ETFs and real crypto in one loginCertificate and warrant traders using the Gold partnersSmall savings-plan investors from EUR 25 a month

Open an account with either

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

Visit broker: flatex Visit broker: justTRADE

More comparisons

Alternatives people weigh up alongside these two.

flatex vs justTRADE — which broker is better?

flatex or justTRADE? 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.

flatex · justTRADE
Criterion	flatex 4,0 Visit broker	justTRADE 3,3 Visit broker

Overall score	4.0 — Better	3.3
Group index	79 of 100	69 of 100
Best for	Medium and large single ordersETF savings plan investorsCost-conscious German and Austrian investorsSpot crypto inside a regulated bankBuy-and-hold portfolios that stay fully invested	German-resident cost-conscious buy-and-hold investorsInvestors who want shares, ETFs and real crypto in one loginCertificate and warrant traders using the Gold partnersSmall savings-plan investors from EUR 25 a month

Regulation	BaFin	BaFinBaFin
Top-tier licences	1	2 — 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	No
Disclosed regulatory actions	3	1
Founded	2006	2019
Headquarters	Frankfurt am Main, DE	Frankfurt am Main, DE

Fees	4.3 — Better	3.6
Safety & regulation	4.2 — Better	3.7
Trading platform	3.8 — Better	3.0
Product range	4.0 — Better	2.9
Mobile app	3.9 — Better	3.7
Research	3.3 — Better	2.4
Customer support	3.6 — Better	2.3
Deposit & withdrawal	3.6 — Better	3.0
Account opening	4.3 — Better	4.2
Education	3.6 — Better	2.4

Reference order EUR 5,000	€5.90	€1.00 — Better
Minimum deposit	None	None
Stocks (per order)	€5.90	€1 — Better
US stocks	€5.90	€1 — Better
ETFs	€5.90	€1 — Better
Options	Not offered	Not offered
Futures	Not offered	Not offered
Crypto	0.6 %	0.125 % — Better
Bonds (order)	€5.90	Not offered
Funds (order)	€5.90	Not offered
EUR/USD spread	n/a	n/a
Index CFD spread	n/a	n/a
FX conversion	0.35 % — Better	0.4 %
Inactivity fee	None	None
Custody fee	None	None
Withdrawal fee	free	free
Deposit fee	free	free
Overnight financing	n/a	n/a
Other fees	Account and custody fee: EUR 0.00 — depot, cash account, joint depot, second depot and foreign-currency accounts are all free Inactivity fee: None Interest on cash: 0.00% p.a. credit interest — the single biggest hidden cost at flatex Margin / Wertpapierkredit: 6.25% p.a. within an approved credit line; 9.50% p.a. on tolerated overdrafts Currency conversion: An absolute margin on the interbank rate: USD 0.0040 and CHF 0.0040 per euro, GBP 0.0020, CAD 0.0070, JPY 0.2600, SEK 0.0700, NOK 0.0240, DKK 0.0020. On EUR/USD in the 1.10–1.20 range that USD 0.0040 works out to roughly 0.33%–0.36% one way; we record 0.35% as the working figure Real-time quotes: 50 free quotes for new customers, then 25 per month plus 10 per executed order; EUR 0.01 per query beyond the free allowance +7	Custody / account management: Free (Xetra Gold excepted: 0.03% per month) Inactivity fee: None Certificates and warrants: EUR 2.90 + 0.5% of order value, rebated to EUR 0.00 with Gold partners (J.P. Morgan, Morgan Stanley, UBS, Vontobel) and EUR 2.00 with Silver partners (DZ Bank, Societe Generale); minimum order EUR 500 Certificates via Boerse Stuttgart: EUR 1.90 third-party cost passed through, plus the exchange's own transaction fee Savings plans: EUR 0 order commission, from EUR 25 per month, executed on LS Exchange Credit interest on cash: 0.00% p.a. - uninvested cash earns nothing +7

Asset classes (of 14)	9 — Better	6
Exchanges	40 — Better	3
Stocks	Yes	Yes
ETFs	Yes	Yes
Options	No	No
Futures	No	No
Forex	No	No
CFDs	Yes	No
Crypto	Yes	Yes
Bonds	Yes	No
Funds	Yes	No
Commodities	Yes	Yes
Indices	Yes	Yes
Warrants	Yes	Yes
Spread betting	No	No
Social trading	No	No

Platforms	flatex next (web)flatex next (mobile)flatex classicflatex trader 2.0stock3	justTRADE WebjustTRADE App (iOS / Android)stock3 (formerly Guidants)
Demo account	Yes	No
Fractional shares	Yes	Yes
Maximum leverage	1:30	No margin account, no securities-backed credit line, no CFDs and no short selling.
Account opening	Fully online with video or eID identification; flatex advertises account opening in about five minutes	Fully digital via the app with video identification; justTRADE says a new account is live within about 10 minutes
Account types	flatex DepotGemeinschaftsdepotKinderdepotAltersvorsorgedepotCFD-KontoFremdwährungskonto	justTRADE DepotCrypto wallet (Tangany)Altersvorsorgedepot

Payment methods	Bank transferSEPA	Bank transferSEPA
Account currencies	EURUSDGBPCHFCADAUDJPYSEKNOKDKK+2	EUR
Deposit time	SEPA credit transfer, typically 1–2 business days	SEPA credit transfer, typically 1 business day; SEPA instant is not supported
Withdrawal time	1–2 business days to the registered reference account	1-2 business days to the registered reference account; sale proceeds are only transferable after T+2 settlement
Free withdrawals	n/a	n/a

Languages	German	German
Channels	PhoneEmailTicket system	Email
Availability	Weekday telephone and e-mail support; flatex does not publish fixed service hours on its public contact page	Business hours, German only; email and secure mailbox only - no telephone hotline and no live chat

Criterion

4,0

3,3

Overall score

4.0

3.3

Group index

79 of 100

69 of 100

Best for

Medium and large single ordersETF savings plan investorsCost-conscious German and Austrian investorsSpot crypto inside a regulated bankBuy-and-hold portfolios that stay fully invested

Regulation

BaFin

BaFinBaFin

Top-tier licences

Investor protection

€100,000

Listed group

Banking licence

Segregated client accounts

Negative balance protection

Audited financials

Disclosed regulatory actions

Founded

2006

2019

Headquarters

Frankfurt am Main, DE

Fees

4.3

3.6

Safety & regulation

4.2

3.7

Trading platform

3.8

3.0

Product range

4.0

2.9

Mobile app

3.9

3.7

Research

3.3

2.4

Customer support

3.6

2.3

Deposit & withdrawal

3.6

3.0

Account opening

4.3

4.2

Education

3.6

2.4

Reference order EUR 5,000

€5.90

€1.00

Minimum deposit

None

Stocks (per order)

€5.90

€1

US stocks

€5.90

€1

ETFs

€5.90

€1

Options

Not offered

Futures

Not offered

Crypto

0.6 %

0.125 %

Bonds (order)

€5.90

Not offered

Funds (order)

€5.90

Not offered

EUR/USD spread

n/a

Index CFD spread

n/a

FX conversion

0.35 %

0.4 %

Inactivity fee

None

Custody fee

None

Withdrawal fee

free

Deposit fee

free

Overnight financing

n/a

Other fees

Account and custody fee: EUR 0.00 — depot, cash account, joint depot, second depot and foreign-currency accounts are all free
Inactivity fee: None
Interest on cash: 0.00% p.a. credit interest — the single biggest hidden cost at flatex
Margin / Wertpapierkredit: 6.25% p.a. within an approved credit line; 9.50% p.a. on tolerated overdrafts
Currency conversion: An absolute margin on the interbank rate: USD 0.0040 and CHF 0.0040 per euro, GBP 0.0020, CAD 0.0070, JPY 0.2600, SEK 0.0700, NOK 0.0240, DKK 0.0020. On EUR/USD in the 1.10–1.20 range that USD 0.0040 works out to roughly 0.33%–0.36% one way; we record 0.35% as the working figure
Real-time quotes: 50 free quotes for new customers, then 25 per month plus 10 per executed order; EUR 0.01 per query beyond the free allowance
+7

Custody / account management: Free (Xetra Gold excepted: 0.03% per month)
Inactivity fee: None
Certificates and warrants: EUR 2.90 + 0.5% of order value, rebated to EUR 0.00 with Gold partners (J.P. Morgan, Morgan Stanley, UBS, Vontobel) and EUR 2.00 with Silver partners (DZ Bank, Societe Generale); minimum order EUR 500
Certificates via Boerse Stuttgart: EUR 1.90 third-party cost passed through, plus the exchange's own transaction fee
Savings plans: EUR 0 order commission, from EUR 25 per month, executed on LS Exchange
Credit interest on cash: 0.00% p.a. - uninvested cash earns nothing
+7

Asset classes (of 14)

Exchanges

Stocks

ETFs

Options

Futures

Forex

CFDs

Crypto

Bonds

Funds

Commodities

Indices

Warrants

Spread betting

Social trading

Platforms

flatex next (web)flatex next (mobile)flatex classicflatex trader 2.0stock3

justTRADE WebjustTRADE App (iOS / Android)stock3 (formerly Guidants)

Demo account

Fractional shares

Maximum leverage

1:30

No margin account, no securities-backed credit line, no CFDs and no short selling.

Account opening

Fully online with video or eID identification; flatex advertises account opening in about five minutes

Fully digital via the app with video identification; justTRADE says a new account is live within about 10 minutes

Account types

flatex DepotGemeinschaftsdepotKinderdepotAltersvorsorgedepotCFD-KontoFremdwährungskonto

justTRADE DepotCrypto wallet (Tangany)Altersvorsorgedepot

Payment methods

Bank transferSEPA

Account currencies

EURUSDGBPCHFCADAUDJPYSEKNOKDKK+2

EUR

Deposit time

SEPA credit transfer, typically 1–2 business days

SEPA credit transfer, typically 1 business day; SEPA instant is not supported

Withdrawal time

1–2 business days to the registered reference account

1-2 business days to the registered reference account; sale proceeds are only transferable after T+2 settlement

Free withdrawals

n/a

Languages

German

Channels

PhoneEmailTicket system

Availability

Weekday telephone and e-mail support; flatex does not publish fixed service hours on its public contact page

Business hours, German only; email and secure mailbox only - no telephone hotline and no live chat