HypoVereinsbankCustody fee from €0 (HVB DirectDepot), order fee from €4.95 + 0.25%
- Published fee
- Custody fee from €0 (HVB DirectDepot), order fee from €4.95 + 0.25%
- Minimum deposit
- 0 €
Broker comparison
HypoVereinsbank vs.
Targobank
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on 22 October 2026
See comparisonHypoVereinsbank
TargobankVS
Summary
Your goal decides
HypoVereinsbank (HVB) and Targobank are BaFin-regulated German banks with a free online depot — but HVB leads on order fees. It trades via the HVB DirectDepot from €4.95 plus 0.25%, while Targobank charges from €8.90 (for orders up to €10,000). HVB (rated 3.6/5, part of the UniCredit Group) also offers a slightly broader range with certificates and structured products than Targobank (3.5/5), which focuses on stocks, ETFs, bonds and funds plus personal branch advice and asset management. For cost-conscious self-directed investors HVB is usually cheaper; those seeking advice and asset management will find a fitting offering at Targobank. Neither offers options.
HypoVereinsbankSecurities trading at HypoVereinsbank – part of the UniCredit Group
TargobankSecurities trading and asset management at Targobank
At a glance
The key differences
| Criterion | HypoVereinsbank | Targobank |
|---|---|---|
| Platforms | HVB Web, HVB App | Targobank Web, Targobank App |
| Product types | Stocks, ETFs, Bonds, Funds, Certificates | Stocks, ETFs, Bonds, Funds |
| Options trading | No | No |
| Fee model | Custody fee from €0 (HVB DirectDepot), order fee from €4.95 + 0.25% | Custody fee €0 (online), order fee from €8.90 (up to €10,000) |
| Minimum deposit | 0 € | 0 € |
| Regulation | BaFin | BaFin |
| More information | Details | Details |
Platforms
HypoVereinsbank
HVB Web, HVB App
Targobank
Targobank Web, Targobank App
Product types
HypoVereinsbank
Stocks, ETFs, Bonds, Funds, Certificates
Targobank
Stocks, ETFs, Bonds, Funds
Options trading
HypoVereinsbank
No
Targobank
No
Fee model
HypoVereinsbank
Custody fee from €0 (HVB DirectDepot), order fee from €4.95 + 0.25%
Targobank
Custody fee €0 (online), order fee from €8.90 (up to €10,000)
Minimum deposit
HypoVereinsbank
0 €
Targobank
0 €
Regulation
HypoVereinsbank
BaFin
Targobank
BaFin
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
HypoVereinsbankTargobankCustody fee €0 (online), order fee from €8.90 (up to €10,000)
- Published fee
- Custody fee €0 (online), order fee from €8.90 (up to €10,000)
- Minimum deposit
- 0 €
The relevant costs depend on market, currency, order size and trading style.
Worked out
What does it actually cost?
Typical months at HypoVereinsbank and Targobank, priced from their published fee schedules. Spreads, FX and exchange fees come on top depending on the venue.
| Scenario | HypoVereinsbank | Targobank |
|---|---|---|
| ETF savings plan, ≈ €200 a month | €3ETF savings online: 1.5% × €200 (selected ETFs without purchase fee) | €3ETF savings plan: 2.5% of order value, min €1.50, max €3.00 |
| 10 stock buys of ≈ €1,000 a month | €89SmartDepot: 0.25%, min €8.90 × 10, OTC (Xetra/gettex: +€3.50 flat) | €49Direkt-Depot: €4.90 per order in direct trading × 10 (exchange: 0.25%, min €8.90) |
| Custody and account fee per year | €0HVB SmartDepot: custody free | €0Direkt-Depot: no custody fee (online mailbox mandatory) |
Checked on 22 October 2026. Prices can change; the current fee schedule is what counts. Sources: hypovereinsbank.de · targobank.de
Execution quality
Order type, venue and liquidity affect execution.
HypoVereinsbankCheck the provider’s execution policy and available order types for your account.
Provider informationTargobankCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
HypoVereinsbankStocksETFsBondsFundsCertificates
TargobankStocksETFsBondsFunds
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
HypoVereinsbankHVB Web · HVB App
HypoVereinsbank offers securities trading through HVB Web and the HVB App. The web platform enables management of the DirectDepot with order placement, portfolio overview, and market data. The mobile app provides quick access to key portfolio functions. The platforms are purpose-built and security-focused but offer fewer trading venues and trading tools than pure online brokers.
Explore platformTargobankTargobank Web · Targobank App
Targobank provides its customers with two trading platforms: Targobank Web and the Targobank App. The web platform offers all essential functions for securities trading such as order placement, portfolio overview, and price queries. The mobile app enables trading on the go. Both platforms are designed for simplicity and offer few advanced trading features such as real-time charts or technical analysis tools.
Explore platformHypoVereinsbank
UniCredit Bank GmbH (HypoVereinsbank), München
Targobank
TARGOBANK AG, Düsseldorf
- Supervisor
- BaFin
Regulation does not protect against market losses. What counts is the entity you sign the contract with.
Your investor profile
Who might it suit?
HypoVereinsbankSecurities trading at HypoVereinsbank – part of the UniCredit Group
- Strong parent company UniCredit
- Free DirectDepot available
- Comprehensive investment advice
- Order fees on the higher side
- Branch advice comes with additional costs
TargobankSecurities 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
Find the broker that fits
HypoVereinsbank oder Targobank?
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
VS
- Fees
- Platform
- Regulation
- Matching lessons
Two brokers. Many options. Your call.
HypoVereinsbank and Targobank do not earn the same way
The table shows what they cost. These lessons show how they earn, which is what the difference is made of.
In-depth analysis
Order fees and custody: Both banks offer a free online depot without a minimum deposit. On order fees HVB is usually cheaper: from €4.95 plus 0.25% of order value via the HVB DirectDepot versus from €8.90 at Targobank for orders up to €10,000. The difference matters especially on small and mid-sized order volumes.
Products: HVB offers stocks, ETFs, bonds, funds and certificates including structured products; Targobank offers stocks, ETFs, bonds and funds. Access to certificates is therefore a plus for HVB. Neither bank trades options or CFDs.
Profile and verdict: HVB (rated 3.6/5, Munich) belongs to the European UniCredit Group and offers comprehensive investment advice; Targobank (3.5/5, Düsseldorf) focuses on personal branch advice and asset management. For cost-conscious self-directed investors HVB is usually the stronger choice thanks to lower order fees and a broader range; those who value in-branch advice and asset management may prefer Targobank.
Your questions
Frequently asked questions
How do fees differ between HypoVereinsbank and Targobank?
HypoVereinsbank: Custody fee from €0 (HVB DirectDepot), order fee from €4.95 + 0.25%. Targobank: Custody fee €0 (online), order fee from €8.90 (up to €10,000). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: HypoVereinsbank or Targobank?
HypoVereinsbank offers Stocks, ETFs, Bonds, Funds, Certificates. Targobank offers Stocks, ETFs, Bonds, Funds.
How are HypoVereinsbank and Targobank regulated?
The broker profiles list BaFin for HypoVereinsbank and BaFin for Targobank. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is HypoVereinsbank or Targobank better for beginners?
HypoVereinsbank lists a 0 € minimum deposit and offers HVB Web, HVB App. Targobank lists 0 € and offers Targobank Web, Targobank App. Compare usability, available products and costs for your intended use.
HypoVereinsbank vs Targobank: Which broker is better overall?
The choice between HypoVereinsbank (3.6/5, 950 reviews) and Targobank (3.5/5, 850 reviews) depends on your needs. HypoVereinsbank: Securities trading at HypoVereinsbank – part of the UniCredit Group. Targobank: Securities trading and asset management at Targobank.
Your next step
Your next step
HypoVereinsbankSecurities trading at HypoVereinsbank – part of the UniCredit Group
Open accountRead reviewTargobankSecurities trading and asset management at Targobank
Open accountRead reviewKeep learning
Before you pick a broker
The guides worth reading before your first trade, whichever of the two you choose.