Best brokers in Germany

Germany
A broker with a German licence withholds the 26.375% for you and applies the Sparer-Pauschbetrag. One licensed in another EU country withholds nothing, you report everything in Anlage KAP, and losses at one broker are not set off against gains at another.
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Brokers available in Germany

Checked on 28 September 2026. 13 brokers accept someone resident in Germany. What each one charges and how your assets are protected:

  • Bitpanda: European ETF €1, investor protection up to €20,000.
  • BUX: European ETF €0.99, investor protection up to €20,000.
  • DEGIRO: European ETF €1, investor protection up to €20,000.
  • eToro: European ETF 0%, investor protection up to €20,000.
  • Freedom24: European ETF €2 + €0.02 per share, investor protection up to €20,000.
  • Interactive Brokers: European ETF Fixed: 0.05% (min. €3); Tiered: 0.05% (min. €1.25), interest on uninvested cash 1.93%, investor protection up to €20,000.
  • Lightyear: European ETF 0%, investor protection up to €20,000.
  • Revolut: European ETF €1, investor protection up to €22,000.
  • Saxo: European ETF 0.08% (min. €2), investor protection up to €20,000.
  • Scalable Capital: European ETF €0, interest on uninvested cash 2.60%, investor protection up to €20,000.
  • Trade Republic: European ETF €1, interest on uninvested cash 2.50%, investor protection up to €20,000.
  • Trading 212: European ETF 0%, interest on uninvested cash 2.50% to 3.50%, investor protection up to €20,000.
  • XTB: European ETF 0%, interest on uninvested cash 1.10%, investor protection up to €20,100.

Five of them charge nothing to buy a European ETF: eToro, Lightyear, Scalable Capital, Trading 212 and XTB. The highest advertised interest on uninvested cash is 2.60% at Scalable Capital. Fees are the published retail prices. Currency conversion, custody and transfer costs are in the table above.

What to know if you live in Germany

A broker with a German licence withholds the tax for you: 25% on dividends and realised gains (§32d EStG) plus the 5.5% solidarity surcharge (§4 SolzG), so 26.375%, and church tax where it applies, after the €1,000 Sparer-Pauschbetrag, €2,000 for jointly assessed couples (§20(9) EStG). A broker licensed in another EU country withholds nothing: you report everything yourself in Anlage KAP, and losses at one broker are not set off automatically against gains at another.

Your securities are held apart from the broker's own assets. If a broker fails, German investor compensation covers 90% of the claim up to €20,000, the EU minimum. It applies to cash and to securities the firm cannot hand back, never to a fall in their price (BaFin).