Banx Broker

4.1(420)

BaFin

Flatex

4.2(1500)

BaFin

Banx Broker vs Flatex

Head-to-Head Comparison 2026

Our Verdict

Flatex has a higher rating of 4.2/5 compared to Banx Broker (4.1/5). Flatex offers 7 instrument types, while Banx Broker offers 6. The minimum deposit is lower at Flatex with 0 €. Flatex has been in the market since 2006, making it the more experienced provider.

Comparison Table

Criteria	Banx Broker	Flatex
Rating	4.1/5 (420 reviews)	4.2/5 (1500 reviews)✓
Regulation	BaFin	BaFin
Fees	from €3.90 per stock order, from $2 per US option	€5.90 flat fee per order plus exchange fees
Min. Deposit	3.000 €	0 €
Instruments	Stocks, Options, Futures, Forex, ETFs, CFDs	Stocks, ETFs, Options, Futures, Funds, Bonds, Derivatives
Platforms	TWS, Banx App, IBKR Mobile	Flatex Web, Flatex App, Flatex Trader 2.0
Options Trading	Yes, comprehensive options trading via IB	Yes, Eurex and US options via Flatex
Founded	2014	2006
Headquarters	Düsseldorf	Frankfurt

Detailed Comparison

Fee Comparison

Banx Broker: from €3.90 per stock order, from $2 per US option. Minimum deposit: 3.000 €.

Flatex: €5.90 flat fee per order plus exchange fees. Minimum deposit: 0 €.

Product Range

Banx Broker (6 categories)

StocksOptionsFuturesForexETFsCFDs

Flatex (7 categories)

StocksETFsOptionsFuturesFundsBondsDerivatives

Trading Platforms

Banx Broker

TWS
Banx App
IBKR Mobile

Flatex

Flatex Web
Flatex App
Flatex Trader 2.0

Regulation & Security

Banx Broker is regulated by BaFin (HQ: Düsseldorf).

Flatex is regulated by BaFin (HQ: Frankfurt).

Who Is It For?

Banx Broker

Introducing broker with competitive rates for active traders

✓ Access to international markets

✓ Comprehensive options trading

✓ German customer service

✗ Minimum deposit €3,000

✗ Complex platform for beginners

Flatex

Flat-fee broker with broad product range and options trading

✓ Simple flat-fee structure

✓ Eurex options trading available

✓ Wide range of savings plans

✗ Negative interest on cash balances

✗ Additional exchange fees

Frequently Asked Questions

Is Banx Broker or Flatex cheaper?

Banx Broker charges from €3.90 per stock order, from $2 per US option. Flatex charges €5.90 flat fee per order plus exchange fees. The minimum deposit is 3.000 € at Banx Broker and 0 € at Flatex.

Which broker offers more products: Banx Broker or Flatex?

Banx Broker offers Stocks, Options, Futures, Forex, ETFs, CFDs. Flatex offers Stocks, ETFs, Options, Futures, Funds, Bonds, Derivatives.

Which broker is better regulated?

Banx Broker is regulated by BaFin. Flatex is regulated by BaFin. Banx Broker has BaFin regulation, which is particularly advantageous for German investors. Flatex has BaFin regulation, which is particularly advantageous for German investors.

Is Banx Broker or Flatex better for beginners?

Banx Broker has a minimum deposit of 3.000 € and offers TWS, Banx App, IBKR Mobile as platforms. Flatex has a minimum deposit of 0 € and offers Flatex Web, Flatex App, Flatex Trader 2.0. Flatex has the lower entry barrier.

Banx Broker vs Flatex: Which broker is better overall?

The choice between Banx Broker (4.1/5, 420 reviews) and Flatex (4.2/5, 1500 reviews) depends on your needs. Banx Broker: Introducing broker with competitive rates for active traders. Flatex: Flat-fee broker with broad product range and options trading.

Banx Broker

Introducing broker with competitive rates for active traders

Open Account →

From 3.000 € min. deposit

Flatex

Flat-fee broker with broad product range and options trading

Open Account →

From 0 € min. deposit

Banx Broker read review →Flatex read review →