Overall, Consorsbank is a trustworthy and low-risk broker with an overall rating of 6 out of 10. Consorsbank is authorized and regulated by BaFin and offers leverage up to 1:50.
| 🔍 Feature |  |
| 💰Minimum Deposit | USD 1,000 |
| 🎁Sign-Up Bonus | Currently not offered |
| 💸Fees | Account maintenance fees may apply; trading fees vary by instrument |
| 📉Spreads & Commissions | Competitive spreads; commissions depend on market and asset type |
| 💳Deposit & Withdrawals | Bank transfer, SEPA; generally free and fast |
| 🖥️Platforms | WebTrader, Mobile App, Banking Platform |
| 🛡️Regulation | Regulated by BaFin (Germany) |
| 🔐Trust Score | High, backed by German banking standards |
| ⏱️Payout Schedule | Withdrawals typically processed within 1–3 business days |
| 📝Sign up | 👉 Open Account |
Consorsbank Spider Chart
Pro and Cons
| ✅Pros | ❌ Cons |
| Regulated by BaFin | No demo account |
| No deposit is required to open an account | Website lacks a lot of important information |
| Offers a fair range of products | Order fees are volume-dependent |
Consorsbank Overview
- According to research in South Africa, Consorsbank was originally founded as the discount broker Consors in 1994.
- In 2002, Consors was taken over by the French BNP Paribas and acted as Cortal Consors until 2014, when it started trading as Consorsbank.
- Today, CONSORSBANK is part of BNP Paribas with its German headquarters in Nuremberg. Consorsbank offers comprehensive financial services and acts as an online broker.
- Consorsbank is one of the leading direct banks in Europe, and operating as an online broker too, it now serves more than 600,000 customers from Germany.
| 🧩 Feature | |
| 🏦 Account Types | Standard brokerage accounts; no micro, PAMM, or Islamic accounts |
| ⚖️ Leverage | Not specified; typically lower leverage due to German regulations |
| 📉 Spreads & Commissions | Competitive spreads; commissions vary by instrument and market |
| 🌐 Instruments Offered | Stocks, ETFs, mutual funds, bonds, CFDs, and options |
| 🖥️ Trading Platforms | WebTrader, Mobile App, Banking Platform |
| ☪️ Islamic (Swap-Free) Accounts | Not available |
| 🖧 Free VPS Hosting | Not offered |
| 👥 Copy Trading | Not supported |
| 🛡️ Client Fund Security | High; client funds segregated and protected under German law |
| 📋 Regulatory Oversight | Regulated by BaFin (Germany) |
Featured Offered
- Consorsbank's referral program offers a straightforward way to earn rewards by recommending the bank to friends.
- For each successful referral, you receive a €100 cash reward directly credited to your Consorsbank account.
- If you're a Platinum customer, you can also earn up to €1,000 in additional trading rewards, depending on your friend's trading activity over six months.
- To participate, simply log in to your account, request your personal referral code, and share it with friends.
- Once your friend opens an account using your code and meets certain conditions, you'll receive your reward. The process is transparent, and rewards are credited within 14 weeks.
| 🔍Aspect | 🔖Details |
| 🌟Overall Rating | ~ 1.5 – 1.6 out of 5 according to Trustpilot (233–229 reviews). |
| 👏Customer Satisfaction | Very low — around 10% of reviews are 5-star, ~3% are 4-star, ~1-2% are 3-star; ~76% are 1-star. |
| 📞Customer Service | Frequent complaints about long delays, unresponsive support, account/transaction issues. |
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Mixed customer feedback—some positive on app usability, but many complaints about support delays. | ⭐⭐⭐✩✩ |
 | Limited reviews, mostly neutral comments from users outside Germany. | ⭐⭐✩✩✩ |
 | Over 200 reviews with ~77% 1-star ratings; poor satisfaction and service complaints. | ⭐⭐✩✩✩ |
Consorsbank Customer Reviews
- Consorsbank offers a referral program where existing customers can earn rewards by recommending the bank to friends.
- Referrers can receive a €100 cash reward for each successful referral, paid directly to their Consorsbank account.
- Additionally, Platinum customers can earn up to €1,000 in trading rewards based on the activity of the referred friend over six months.
- To participate, referrers must request a personal referral code, forward it to friends, and ensure that the referred individual meets specific criteria within four weeks of account opening.
Consorsbank Safety and Security
- One of the best benchmarks to measure the safety of a broker like Consorsbank is to establish which regulatory authorities are watchdogs over its actions.
- Consorsbank is subject to regulation from the Federal Financial Supervisory Authority (BaFin) and is a member of the compensation scheme of German banks and the deposit guarantee fund.
- Customer deposits at Consorsbank are protected up to an amount of EUR 100 000 and through the German Deposit Protection Fund, customer deposits are secured with EUR 120 million per customer.
How safe is my money with Consorsbank?
Consorsbank uses strict regulatory oversight to ensure customer safety. The bank is fully licensed and supervised by the German Financial Supervisory Authority (BaFin), and it complies with EU financial regulations. Customer deposits are protected through statutory deposit insurance up to €100,000.
How does Consorsbank protect my account and personal information?
All online transactions and account activities are secured with advanced encryption technology. Two-factor authentication (2FA) is used for login and transactions, and sensitive data is stored securely to prevent unauthorized access, ensuring a high level of account and personal information protection.
| 🛡️ Security Feature | |
| 💼 Regulation & Licensing | Regulated by BaFin (German Federal Financial Supervisory Authority) via its parent group. |
| 🏦 Segregated Client Accounts | No clear public evidence that client funds are held in fully segregated accounts separate from bank’s operational funds. |
| 📝 Lloyd’s of London Insurance | No evidence found that Lloyd’s of London or equivalent third-party insurance covers client funds. |
| 🔐 Capital Strength & Credit Rating | The parent (BNP Paribas Group) has high credit ratings (e.g., AA-, Aa3, A+). |
| 🔒 Account-Level Security (Crypto) | Consorsbank allows transfers to crypto via regulated German exchanges; it doesn’t provide direct crypto trading on its own platform. |
| 📈 Negative Balance Protection | I found no explicit statement that negative balance protection is provided. |
| 🧾 Transparent Compliance & Audits | The bank is regulated and subject to regulatory oversight; however full audit disclosures or independent client fund audits are not clearly published. |
Consorsbank at a Glance
| 🔎 Broker's Name | |
| 📍 Headquartered | Nürnberg, Germany |
| 📅 Year Founded | 2014 |
| ⚖️ Regulating Authorities | BaFin |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | No |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:50 |
| 💰 Minimum Deposit | USD 1,000 |
| 💳 Deposit Options | Bank Wire Transfer, Credit Card, Neteller, Skrill (Moneybookers), Konnectivity, China UnionPay, and B2B Transfer. |
| 💳 Withdrawal Options | Bank Wire Transfer, Credit Card, Neteller, Skrill (Moneybookers), Konnectivity, China UnionPay, and B2B Transfer. |
| 💻 Platform Types | Active Trader Active Trader Pro Future Trader Premium Trader |
| 📱 OS Compatibility | No |
| 📈 Tradable assets offered | Shares, Bonds, CFDs, ETCs, ETFs, Funds, Futures, Options, and Warrants |
| 👨💼 Languages supported on Website | German |
| 👥 Customer Support Languages | German |
| 📆 Customer Service Hours | Mon-Sun: 07:00 to 22:30. |
| 📝Sign up | 👉 Open Account |
Consorsbank Accounts
- A forex account at Consorsbank 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 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.
Current account (Girokonto)
- The Consorsbank current account is built for everyday banking: payments, direct debits, transfers, and card use.
- It offers a debit card and often a Visa card, mobile payment support, and straightforward online management.
- Fee exemptions are commonly available for younger customers or when a minimum monthly income is credited, making it a practical primary account for daily money handling.
Savings account (Tagesgeld)
- The savings (tagesgeld) account is a flexible, no-term savings option that lets you access your money anytime while earning interest.
- It’s ideal for emergency funds or short-term goals because there’s no fixed lock-up period — you can withdraw when you need to.
- Interest rates can be promotional for limited periods, so it’s a simple, low-effort place to park cash with liquidity.
Investment account/securities account (Depot)
- The investment or securities account (depot) lets you buy and hold stocks, ETFs, bonds, and other tradable assets.
- It supports one-off trades and investment plans, with tools for order execution and portfolio overview.
- This account is aimed at customers who want to invest directly in the markets — from beginners using automated or low-cost ETF strategies to active traders seeking a broad product range.
Savings plan (Wertpapiersparplan)
- A securities savings plan lets you invest a fixed monthly amount into selected ETFs, funds or stocks.
- It’s built for disciplined, long-term investing and benefits from cost-averaging: you buy more shares when prices are low and fewer when prices are high.
- This is a hands-off way to build wealth over time with small regular contributions.
Wealth management / Portfolio management (Vermögensverwaltung)
- Wealth management offers professionally managed portfolios tailored to your risk profile and financial goals.
- It typically requires a minimum investment and provides active monitoring and adjustments by investment experts.
- This service is appropriate for customers who prefer expert oversight and a customised investment approach rather than managing individual trades themselves.
Trading & advanced products (Trading Account features)
- For active traders, Consorsbank provides advanced trading functionality, access to international markets, and order types that support more complex strategies.
- Fees and margin rules apply depending on product and region.
- This suite is designed for experienced investors who need execution flexibility, market access, and trading tools.
What types of accounts does Consorsbank offer, and who can open them?
Consorsbank provides various accounts, including checking accounts, savings accounts, and investment accounts. Any adult resident in Germany can open an account, provided they meet the standard verification and identification requirements.
How long does it take to open a Consorsbank account and start using it?
Opening a Consorsbank account is usually quick and can be done online. Verification typically takes a few business days, after which you can deposit funds, make transfers, or start investing, depending on the account type.
How to open a Consorsbank account step by step
- Opening an account with Consorsbank is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
- Visit the Consorsbank website, click on “Open an Account” in the bottom right-hand corner of the website
Step 2 – Fill out the form
- Similar to a bank, to register a forex trading account with Consorsbank for the first time, you will be required to go through a basic “know your customer” process, which will allow Consorsbank to ascertain your submitted details and ensure the safety of your funds and account details.
Consorsbank Fees
- Cost depends on different factors, like spreads and margins, and Consorsbank 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.
What are the fees for opening and maintaining an account with Consorsbank?
Consorsbank generally does not charge a fee for opening a standard checking account. Some accounts may have monthly maintenance fees depending on the type of account or activity level. Additional services, such as paper statements, may incur extra charges.
Are there fees for transactions like transfers, withdrawals, or trading?
Domestic SEPA transfers within Germany are usually free, while international transfers may have fees. Trading fees apply for buying and selling securities, depending on the trading volume and account type. Some promotions may reduce or waive certain transaction fees temporarily.
| 📌 Broker | |
| 📈 Trading Fees Class | Standard equity orders have a base fee of €4.95 plus 0.25% of the order value. The minimum fee is €9.95 and the maximum is €69. Some trades through Tradegate cost €0.95 per order. |
| 💰 Required Min Deposit | USD 1,000 |
| 🔁 Withdrawal Fee | Cash withdrawals are free, but international or securities transfers may cost around €29.95 plus any third-party bank fees. |
| 💳 Deposit Fees | Deposits in euros from domestic bank accounts are free of charge. |
| 📝 Average Spread | Spreads vary by market and product; Consorsbank does not publish an official average, but they are generally market-typical. |
| 📝Sign up | 👉 Open Account |
Consorsbank Trading Platforms
- The forex trading platform provided by Consorsbank to its clients is, in essence, the software to carry out their trades. Some brokers provide only one, 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.
- Consorsbank claims that its customers can choose between several trading platforms. Trading is possible both through the website itself and by means of the apps offered.
ActiveTrader
- ActiveTrader is a powerful desktop application for active traders who need real-time market data and advanced charting tools.
- It features customizable watchlists, fast order execution, and access to detailed market information, helping users make informed trading decisions quickly.
- The platform is available for Windows and macOS, with a web-based version for flexibility across devices.
FutureTrader
- FutureTrader is designed for trading derivatives and futures, connecting users directly to major exchanges such as Eurex and CME.
- It provides real-time margin calculations, advanced order types like OCO and OAO, and an intuitive interface.
- This platform is ideal for professional traders who need in-depth market analysis and fast execution in the derivatives market.
Consorsbank Pro App
- The Consorsbank Pro App is a mobile trading solution aimed at active traders.
- It offers real-time market data, advanced charting tools, and customizable order types, allowing users to trade efficiently from their smartphones.
- The app provides a professional trading experience on the go, enabling portfolio management anytime and anywhere.
What trading platforms does Consorsbank offer?
Consorsbank provides a web-based trading platform and a mobile app for iOS and Android. Both platforms offer real-time market data, advanced charting tools, customizable watchlists, and the ability to trade stocks, ETFs, bonds, and other securities efficiently.
Can I trade on the go with Consorsbank?
Yes, Consorsbank’s mobile trading app allows users to monitor portfolios, place trades, set alerts, and access research reports anywhere. It is designed for seamless trading on smartphones or tablets, ensuring you can manage investments anytime and stay updated with market movements.
Consorsbank 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 Consorsbank, the website does not give any information regarding minimum deposits required to open accounts, the methods that may be used to fund accounts or withdraw funds, or the process to perform either.
What payment methods can I use to deposit funds into my Consorsbank account?
You can deposit money via bank transfer, standing orders, or direct deposit from another account. Transfers from German banks are usually instant, while international transfers may take a few business days to process.
How long does it take to withdraw money from my Consorsbank account?
Withdrawals to your linked bank account are typically processed within 1–3 business days. Larger or international transfers may take longer, and Consorsbank may require verification steps to ensure security before completing the withdrawal.
| 💠 Feature | 💰 Deposit | 💸 Withdrawal |
| 🏦 Payment Methods | Bank transfer (SEPA), internal transfer from linked Consorsbank accounts. | Bank transfer (SEPA) to linked accounts, internal transfer between Consorsbank accounts. |
| ⏱️ Processing Time | Usually 1–2 business days for domestic transfers; instant for internal Consorsbank transfers. | Typically processed within 1–2 business days; longer for international transactions. |
| 💵 Minimum Amount | No minimum deposit required; users can start with any amount. | No minimum withdrawal amount, but international transfers may have additional fees. |
Consorsbank 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.
Consorsbank vs Etoro vs XM – Comparison Table
| 🔎 Broker | |  |  |
| 💰 Minimum Deposit | USD 1,000 | $50 USD | $5 USD |
| 📝 Sign-Up Bonus | No | Yes | Yes |
| ➕ Max. Leverage | 1:50 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 📝Sign up | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Consorsbank Research
- To be able to trade with confidence, traders should do as much research as possible 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.
- There is no clear information regarding research resources on the Consorsbank website.
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Consorsbank Awards
- Being an awarded company instills extra confidence in traders.
- Consorsbank claims that it was awarded for best online banking and Germany's best direct bank.
Conclusion
Overall, Consorsbank is a trustworthy and reliable broker that provides traders with ample digital tools. Consorsbank claims that its customers can choose between several trading platforms. Consorsbank has a Maximum Leverage of 1:50.
Disclaimer
Consorsbank warns potential customers that Forex and CFD trading always carries a high risk and may not be suitable for all investors. Before deciding to trade with Consorsbank, 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. Consorsbank 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, Consorsbank cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
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Frequently Asked Questions
What is Consorsbank, and what services does it offer?
Consorsbank is a German online bank providing savings accounts, brokerage services, trading platforms, and investment solutions. It allows customers to manage accounts, trade stocks, ETFs, and securities, and offers various banking products with competitive rates and digital convenience.
How do I open an account with Consorsbank?
You can open an account online by completing the registration form, verifying your identity via video or postal verification, and agreeing to the terms. Once approved, you can fund your account and start using banking and trading services immediately.
What types of accounts are available at Consorsbank?
Consorsbank offers checking accounts, savings accounts, trading and investment accounts, and specialized accounts for minors. Each account type comes with specific features, interest rates, and access to investment tools, catering to both beginners and experienced investors in Germany and the EU.
How can I deposit money into my Consorsbank account?
Deposits can be made through domestic bank transfers, standing orders, or transfers from other accounts. Domestic transfers are typically instant, while international payments may take a few business days. There are no hidden fees for standard deposits.
How do I withdraw funds from Consorsbank?
You can withdraw money to your linked bank account using online banking. Withdrawals usually process within 1–3 business days. International or large transfers may require additional verification, ensuring security and compliance with banking regulations.
Is Consorsbank regulated and safe to use?
Yes, Consorsbank is fully regulated by Germany’s BaFin and follows EU financial directives such as MiFID II and PSD2. Customer deposits are protected under German deposit insurance schemes, ensuring safety and transparency for all banking and investment activities.
Does Consorsbank offer a referral program?
Yes, Consorsbank has a referral program where existing customers can invite friends. Successful referrals earn a cash reward, and Platinum customers can earn additional trading rewards. Conditions must be met within four weeks, and the program is regulated and transparent.
What are the fees for trading with Consorsbank?
Trading fees vary depending on the product and account type. Stocks, ETFs, and other securities have specific transaction fees, while some accounts offer reduced rates for frequent trading. Detailed fee schedules are available online for transparency and planning.
How can I contact Consorsbank customer support?
Customer support is available via phone, email, and secure messaging through online banking. The support team assists with account management, technical issues, trading inquiries, and referral program questions. Response times are typically prompt during business hours.
Does Consorsbank provide mobile and online banking?
Yes, Consorsbank offers a mobile app and online platform for account management, trading, and investment monitoring. Customers can view balances, execute trades, manage referrals, and access financial tools securely from any device, ensuring full banking functionality digitally.
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