Order fees compared: what a €1,000 order genuinely costs

Pros

• No ongoing account/savings-plan fees: €0 account + €0 savings plan.
• Flat, volume-independent order fee (€1 whether you invest €1,000 or €10,000).
• 2.25% interest on cash, no cap, the same for new and existing customers.

Cons

• –Only one trading venue (LS Exchange/Lang & Schwarz): no choice of exchange, no direct Xetra routing.
• –Cash above €100,000 does not fall under classic deposit protection, but into a money market fund (a different protection regime).

Pros

• Genuine zero costs: €0 account, €0 orders ≥ €500, €0 savings plans from €1, fractional shares (per the site, "cost leader, Stiftung Warentest 12/2025").
• Explicit, early AVD commitment: dedicated page, waiting list, Riester transfer, "fee-free," from €10/month.

Cons

• –Single venue + PFOF risk: gettex only; the fee-free model is PFOF-funded, and the PFOF ban from July 2026 forces a tariff change.
• –No genuine interest-bearing cash account (return only via a money market ETF); orders below €500 cost €1.

Pros

• Zero ongoing platform costs on the FREE tariff (€0 account + €0 savings plan from €1, fractional shares).
• Genuine €0 orders ≥ €250 via the PRIME+ flat rate on gettex.

Cons

• –"Free" comes with conditions: it depends on the tariff, the €250 threshold, ETF partner status and the trading venue; a €1,000 non-PRIME ETF order costs €0.99 on the FREE tariff, plus €3.99 on Xetra in both tariffs.

Pros

• €0 account + €0 on all 5,000+ savings-plan executions (1,000+ ETFs), minimum rate €25, fractional shares.
• Visible 2027 AVD readiness: a dedicated AVD page plus an existing fractional-share/flexible-plan engine.

Cons

• –Single/one-off orders carry a fixed minimum of around €7.90 (€5.90 + €2 venue fee), volume-independent: expensive for small one-off trades.
• –No published interest rate on cash holdings (a transparency gap) plus a custody fee for Xetra-Gold/ADR/GDR.

Pros

• No account fee and a 0% ETF savings-plan fee (both officially confirmed).
• Low entry point plus fractional shares: savings plans from €10, 1,700+ ETFs.

Cons

• –The low order price is mostly a time-limited promotion: after the opening month plus 12 months, the tiered model applies (Silver €4.95 + 0.25%, min. €9.95); regular one-off orders cost considerably more.

Pros

• €0 account with no turnover condition, and all 1,100+ ETF savings plans permanently €0 (confirmed in the binding price list).
• Low entry barrier with fractional shares (savings plan from €1, sellable fee-free).
• Double deposit protection (statutory + BdB fund).

Cons

• –One-off orders are comparatively expensive: 0.25% + venue fee with no low flat cap: around €10.30 on €1,000 via Xetra, scaling with volume; the model favours savings plans, not one-off trades.

Pros

• €0 account for everyone, with no activity hurdle.
• Broad savings-plan range with 500+ free promotional ETFs and genuine fractional shares from €25/month.
• A concretely promised 2027 AVD: a front-runner among the direct banks.

Cons

• –One-off trades are comparatively expensive: a €10 minimum order commission (+ up to €2.50 on Xetra) versus around €1/free at neobrokers; the standard savings plan costs €1.50/execution outside the promotional ETFs.
• –Fractional shares are not portable when switching accounts.

Pros

• A free account that's easy to keep fee-free (3 years unconditionally, then €0 with, e.g., 1 savings plan per quarter).
• Low-threshold fractional-share savings plans from €1 across > 10,000 instruments.
• Independently ranked cost-competitive (Stiftung Warentest "cost leader 12/2025," a self-citation).

Cons

• –The savings-plan fee scales poorly (1.5%/execution; 1.5% on €500 = €7.50) and regular orders are expensive (base fee + 0.25% plus a €2.50 minimum venue fee → approx. €12.40 on €1,000), far above neobroker flat fees.