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GERMAN STOCK MARKET

pichiepie

Hi, anyone knows how to open German stock market account? What is the best broker to open? thank you in advance.

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beppi

Almost any German bank offers such services - just ask at one of your choice!
Note: To my knowledge, you must be resident in Germany to ppen a German brokerage account. If at all there is a way around this, it’s going to be complicated. So if you reside abroad, you are better advised to open a brokerage account in your country that allows trading in German stocks - at least within the EU this is very common.

beppi

Your profile says you are German citizen, so my note about residency does not apply to you!

pichiepie

hi beppi, thanks for the reply... Yes im german citizen... i going to get some info to my bank, if how much is the brokerage fee and so on. Im looking for a cheap brokerage fee. Thank you..

TominStuttgart

This is really the kind of thing one should google rather than relying on someone’s opinion. Most brokerage transactions still run over the banks in Germany despite a normal commission of 5% on most transactions. But they claim they are giving “full service” which means they make recommendations, something from my experience is usually worthless. The modern approach is to find an online discount brokerage platform. They are still regulated but one will want some extra level of safety that they are not a fly by night operation. Besides security, easy of usage might outweigh a slight difference of commission levels. Without endorsing or guaranteeing accuracy, I am posting below a few results for comparisons of such services I came up with by googling “discount brokerage Germany”.

http://www.selectabroker.com/Germany/https://brokernotes.co/germany/https://www.quora.com/What-is-the-best- … in-Germany

pichiepie

Thank you so much Tom, i gonna check these links.

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TominStuttgart

TominStuttgart wrote:

Besides security, easy of usage might outweigh a slight difference of commission levels.


"easy of usage" should read "ease of usage"...