Overall comdirect is a trustworthy and reliable broker with an overall rating of 6 out of 10. comdirect provides two web trading platforms: COMDIRECT’s webtrader and CFD Trader both unfortunately only available in German.
comdirect at a Glance
| 🔎 Broker's Name | comdirect |
| 📍 Headquartered | Quickborn, Germany |
| 📅 Year Founded | 1994 |
| ⚖️ Regulating Authorities | BaFin |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | Not indicated |
| 💰 Minimum Deposit | $0 |
| 💳 Deposit Options | Bank transfer |
| 💳 Withdrawal Options | Bank transfer |
| 💻 Platform Types | COMDIRECT Web CFD Trader COMDIRECT app. |
| 📱 OS Compatibility | Web, Android, iPhone |
| 📈 Tradable assets offered | Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants |
| 👨💼 Languages supported on Website | German |
| 👥 Customer Support Languages | German |
| 📆 Customer Service Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 0
Regulators
BaFin
Trading Platform
Comdirect Web, CFD Trader, Comdirect App
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
comdirect Review – 22 key points quick overview:
comdirect Overview
According to research in South Africa, comdirect is a German investment bank that gives traders access to several German, European and overseas markets.
comdirect was established in 1994 and is regulated by the Federal Financial Supervisory Authority (BaFin). The company is listed on both Xetra and the London Stock Exchange (LSE).
Its parent company is Commerzbank, which holds 80% of COMDIRECT’s shares and provides further financial stability for the online broker.
comdirect charges relatively high trading fees and the account opening process for non-German and non-Austrian residents is complicated and can take weeks. Most of its services are rendered in German, hence a good German language skill is needed in order to do business with them.
comdirect Safety and Security
One of the best benchmarks to measure the safety of a broker like COMDIRECT is to establish which regulating authorities are watchdogs over its actions.
comdirect is regulated by the German Federal Financial Supervisory Authority (BaFin). The broker also has a sound banking background and is listed on Xetra and the London Stock Exchange (LSE).
Clients can rely on up to €100 000 protection for cash deposits and €20 000 for securities. comdirect provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection.
comdirect Leverage
Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
The comdirect website does not give an indication of any leverage ratio offered.
comdirect Accounts
A forex account at comdirect is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.
Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against the Islamic faith.
Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.
comdirect offers accounts for customers in most European countries although opening an account by a non-German/non-Austrian citizen is quite complicated. A customer will need to have a fair knowledge of German as the account opening process is in German.
At comdirect, there are 4 accounts available:
‘COMDIRECT Depot’
– is the base account for securities trading.
‘Währungsanlagenkonto’
– lets you trade on exchanges outside Germany and has to be registered to your base ‘Depot’ account.
‘LiveTrading account’
lets you trade on COMDIRECT’s own OTC market with special conditions.
‘CFD-Konto’
– for when you would like to trade CFDs. It can be done within your ‘COMDIRECT Depot’ account, or as a separate registration.
Min Deposit
USD 0
Regulators
BaFin
Trading Platform
Comdirect Web, CFD Trader, Comdirect App
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
comdirect Market Instruments
The most popular market instruments available from most brokers for trading include:
Forex:
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices:
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies in a nation.
Precious metals:
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy:
The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
comdirect offers all asset classes. Within most asset classes, the product selections are also good, covering German, European, and overseas exchanges.
The following cryptocurrencies are available: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH / BCC), Dash (DASH), Litecoin, Monero (XMR), NEO (NEO), Ether Classic (ETC) and Zcash (ZEC).
comdirect Fees
Cost depends on different factors, like spread and margins, and comdirect clients may also experience different fee structures according to their country or place of residence.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
COMDIRECT’s trading fees are high, but the fee structure is transparent.
When you trade stocks at comdirect, the commission is calculated from a base fee and a volume-based value. The fees are different for each exchange.
A financing rate, or margin rate, is charged when you trade on margin or short a stock. The financing rates vary based on the base currency of your margin account.
comdirect has low non-trading fees and charges no account, deposit, or withdrawal fees. There is no inactivity fee for the first 3 years but after that COMDIRECT charges €1,95.
comdirect Deposit and Withdrawal
Accounts usually require a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
In the case of comdirect, the required minimum deposit is $0. Deposits and withdrawals are free of charge but are only available through a bank transfer.
Customers can however choose from 12 base currencies – Australian Dollar, British Pound, Canadian Dollar, Hungarian Forint, Japanese Yen, Mexican Peso, Norwegian Krone, Polish Zloty, South African Rand, Swedish Krona, Turkish Lira, or US Dollar.
You can only deposit money from accounts in your name.
You can use only bank transfers to withdraw money from comdirect too and it may take more than 3 business days. You can also only withdraw money to accounts in your name.
Min Deposit
USD 0
Regulators
BaFin
Trading Platform
Comdirect Web, CFD Trader, Comdirect App
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
comdirect Trading Platforms
The forex trading platform provided by comdirect to its clients is in essence the software to carry out their trades. Some brokers provide only one, and others quite a few platforms.
A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.
comdirect provides two web trading platforms: comdirect’s website and CFD Trader, both unfortunately only available in German. comdirects website is for managing your account and investing in securities, like stocks or bonds. If you would like to trade with CFDs or forex, you have to use CFD Trader.
comdirect has a dedicated user-friendly app for trading, available on Android and iOS.
How to open a comdirect account step by step
Opening a demo account with comdirect is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the comdirect website, Click on “Open an Account” in the middle of the website
Step 2 – Fill out the form
Similar to a bank, to register a forex trading account with comdirect for the first time, you will be required to go through a basic “know your customer” process, which will allow comdirect to ascertain your submitted details and ensure the safety of your funds and account details.
With comdirect, the process is easy and fully digital for German and Austrian residents, but complicated and long for residents outside these two countries. You have to go through a notarial identification process in your home country and send your application via the post.
Min Deposit
USD 0
Regulators
BaFin
Trading Platform
Comdirect Web, CFD Trader, Comdirect App
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
comdirect Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.
In the case of comdirect customers can reach the support team via phone and email but all communication is in German only.
There is a new ‘Live-Support’ feature that lets you share your platform with a manager for direct interaction.
Customer service is available 24/7.
comdirect Education
Before starting to trade, potential clients of comdirect should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
comdirect offers learning in the following ways:
Through a demo CFD account
With platform tutorial videos
General educational videos
Webinars
Quality educational articles
Just like other services, all content is available in German.
comdirect Research
To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitably as possible.
With comdirect they have access to many tools to choose from. Most research tools are available on the website.
Relevant information is easily accessible, although the news is only available in German.
Customers have access to a lot of fundamental data for stocks, indices, funds, and bonds on comdirect’s website.
comdirect’s charting tools are best when used on the ProTrader with 47 technical indicators and the possibility to create your own charts. comdirect also has screening tools for almost all asset classes.
comdirect Awards
comdirect vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇 comdirext | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $o | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | Not indicated | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
comdirect Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇Germany | 94.83% |
| 🥈Switzerland | 1.17% |
| 🥉 Austria | 0.50% |
| 🥈Belgium | 0.45% |
| 🥇Spain | 0.38% |
comdirect Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “comdirect” is entered into Google’s search engine over a given period of time.
comdirect Customer Reviews
Being an awarded company instills extra confidence in traders. Although comdirect is acclaimed by customers, there is no indication of awards won on its homepage.
First of all, Thank you for your…
First of all, Thank you for your service! I find it really nice
I’m giving you 4 stars because you didn’t provide me with the new Depo discount which you are offering right now for your new customers. Nevertheless, Thanks for everything.
worked great for me
worked great for me so far – no problems at all – not sure why so many negative reviews here – it’s a bank and definitely as good as it gets if not better than most banks, especially for trading and buying stocks.
My primary bank account since many…
My primary bank accounts for many years. For some time I’m also trading stocks there, the fees are low and they offer off-market Live trading, which saves some additional fees.
The user community is great, giving much information and tips on current market strategies.
comdirect Pro and Cons
| ✔️ Pros | ❌ Cons |
| 1. Extensive range of products and exchanges | 1. High fees |
| 2. Well-designed mobile platform | 2. Complicated account opening for non-German and non-Austrian residents |
| 3. Solid banking background | |
| 4. No minimum deposit |
comdirect Conclusion
Overall, comdirect is a trustworthy and reliable broker that provides traders with ample digital tools. comdirect provides two web trading platforms: COMDIRECT’s website and CFD Trader, both unfortunately only available in German.
Disclaimer
comdirect warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.
Before deciding to trade with COMDIRECT, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
comdirect warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence COMDIRECT cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
comdirect Risk Management
Comdirect is a German online brokerage firm that provides services for managing financial risk. This can include a variety of different approaches, such as:
- Portfolio diversification
- Hedging strategies
- Investment in low-risk assets
- Regular review of portfolio performance
Comdirect provides tools and resources to help clients understand and manage financial risk, including risk assessments, investment planning tools, and access to market research and analysis. However, it is ultimately up to the individual client to make decisions about how to manage their risk and invest their funds.
Frequently Asked Questions
Is Comdirect a fake or a scam?
Our Review of Comdirect reveals that this broker is not a scam as it is regulated by top-tier BaFIN. It has a long track record, is listed on a stock exchange, and has a banking background.
How many instruments can I trade with Comdirect?
Trading instruments with Comdirect include:
- Stocks
- ETFs
- Forex
- Fund
- Bond
- Options
- Futures
- CFDs
- Crypto
Which platforms are supported by Comdirect?
Comdirect provides the following popular trading platforms:
- Comdirect Web
- CFD Trader
- Comdirect App
Is Comdirect a recommended forex trading broker for experts and beginners?
Comdirect offers a fair trading environment for all types of traders/beginners/experienced traders.
What is the overall rating out of 10 for Comdirect?
6/10
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