Commerzbank
BaFin
Targobank
BaFin
Commerzbank vs Targobank
Head-to-Head Comparison 2026
By SofiaOur Verdict
Commerzbank and Targobank are BaFin-regulated German banks with a free online depot — but a clear gap separates their order fees. Commerzbank charges via its DirektDepot from €4.90 plus 0.25% (minimum €9.90); Targobank from €8.90 (for orders up to €10,000). For cost-conscious investors Commerzbank is therefore usually cheaper and, with certificates, offers a slightly broader range (stocks, ETFs, bonds, funds, certificates vs stocks, ETFs, bonds, funds). Targobank (rated 3.5/5) scores with personal branch advice and asset management; Commerzbank (3.7/5) with reach and product breadth. Neither offers options trading.
Comparison Table
| Criteria | Commerzbank | Targobank |
|---|---|---|
| Rating | 3.7/5 (1800 reviews)✓ | 3.5/5 (850 reviews) |
| Regulation | BaFin | BaFin |
| Fees | Custody fee €0 (DirektDepot), order fee from €4.90 + 0.25% (min. €9.90)✓ | Custody fee €0 (online), order fee from €8.90 (up to €10,000) |
| Min. Deposit | 0 € | 0 € |
| Instruments | Stocks, ETFs, Bonds, Funds, Certificates✓ | Stocks, ETFs, Bonds, Funds |
| Platforms | Commerzbank Web, Commerzbank App | Targobank Web, Targobank App |
| Options Trading | No | No |
| Execution Speed | ~50 ms (Xetra Direct via Commerzbank-Routing) | — |
| Founded | 1870 | 1926 |
| Headquarters | Frankfurt | Düsseldorf |
Detailed Comparison
Fee Comparison
CommerzbankCommerzbank: Custody fee €0 (DirektDepot), order fee from €4.90 + 0.25% (min. €9.90). Minimum deposit: 0 €.
Targobank: Custody fee €0 (online), order fee from €8.90 (up to €10,000). Minimum deposit: 0 €.
Execution Quality
Commerzbank
Execution: ~50 ms (Xetra Direct via Commerzbank-Routing)
Targobank
No data available
Product Range
CommerzbankCommerzbank (5 categories)
Targobank (4 categories)
Trading Platforms
Commerzbank
- Commerzbank Web
- Commerzbank App
Targobank
- Targobank Web
- Targobank App
Regulation & Security
Commerzbank is regulated by BaFin (HQ: Frankfurt).
Targobank is regulated by BaFin (HQ: Düsseldorf).
Who Is It For?
Commerzbank
Securities trading at Germany's second-largest private bank
✓ Major bank with comprehensive product range
✓ Free DirektDepot without minimum deposit
✓ Branches throughout Germany
✗ Order fees higher than online brokers
✗ Complex fee structure
Targobank
Securities trading and asset management at Targobank
✓ BaFin-regulated bank with long history
✓ Free online custody account
✓ Personal advice in branches available
✗ Higher order fees than discount brokers
✗ Limited selection of trading venues
In-Depth Analysis: Commerzbank vs Targobank
Order fees and custody: Both banks run the online depot free and without a minimum deposit. On order fees Commerzbank is usually cheaper: from €4.90 plus 0.25% of order value (minimum €9.90) versus from €8.90 at Targobank for orders up to €10,000. The difference shows especially on small and mid-sized orders.
Products: Commerzbank offers stocks, ETFs, bonds, funds and certificates; Targobank offers stocks, ETFs, bonds and funds — so access to certificates is a plus for Commerzbank. Neither bank trades options or CFDs; per the data, a limited selection of trading venues is among Targobank's weaknesses.
Profile and verdict: Targobank (rated 3.5/5, Düsseldorf, part of Crédit Mutuel Alliance Fédérale) focuses on personal branch advice and asset management; Commerzbank (3.7/5, Frankfurt) on a nationwide branch network and a broader product range. For cost-conscious self-directed investors Commerzbank is usually the cheaper choice; those who value advice and asset management will find a fitting offering at Targobank.
Frequently Asked Questions
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Commerzbank vs Targobank: Which broker is better overall?
Commerzbank
Securities trading at Germany's second-largest private bank
Open Account →From 0 € min. deposit