HypoVereinsbank

3.6(950)

BaFin

Targobank

3.5(850)

BaFin

HypoVereinsbank vs Targobank

Head-to-Head Comparison 2026

Our Verdict

HypoVereinsbank has a higher rating of 3.6/5 compared to Targobank (3.5/5). HypoVereinsbank offers 5 instrument types, while Targobank offers 4. Targobank has been in the market since 1926, making it the more experienced provider.

Comparison Table

Criteria	HypoVereinsbank	Targobank
Rating	3.6/5 (950 reviews)✓	3.5/5 (850 reviews)
Regulation	BaFin	BaFin
Fees	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)
Min. Deposit	0 €	0 €
Instruments	Stocks, ETFs, Bonds, Funds, Certificates	Stocks, ETFs, Bonds, Funds
Platforms	HVB Web, HVB App	Targobank Web, Targobank App
Options Trading	No	No
Founded	1998	1926
Headquarters	München	Düsseldorf

Detailed Comparison

Fee Comparison

HypoVereinsbank: Custody fee from €0 (HVB DirectDepot), order fee from €4.95 + 0.25%. Minimum deposit: 0 €.

Targobank: Custody fee €0 (online), order fee from €8.90 (up to €10,000). Minimum deposit: 0 €.

Product Range

HypoVereinsbank (5 categories)

StocksETFsBondsFundsCertificates

Targobank (4 categories)

StocksETFsBondsFunds

Trading Platforms

HypoVereinsbank

HVB Web
HVB App

Targobank

Targobank Web
Targobank App

Regulation & Security

HypoVereinsbank is regulated by BaFin (HQ: München).

Targobank is regulated by BaFin (HQ: Düsseldorf).

Who Is It For?

HypoVereinsbank

Securities 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

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

Frequently Asked Questions

Is HypoVereinsbank or Targobank cheaper?

HypoVereinsbank charges Custody fee from €0 (HVB DirectDepot), order fee from €4.95 + 0.25%. Targobank charges Custody fee €0 (online), order fee from €8.90 (up to €10,000). The minimum deposit is 0 € at HypoVereinsbank and 0 € at Targobank.

Which broker offers more products: HypoVereinsbank or Targobank?

HypoVereinsbank offers Stocks, ETFs, Bonds, Funds, Certificates. Targobank offers Stocks, ETFs, Bonds, Funds.

Which broker is better regulated?

HypoVereinsbank is regulated by BaFin. Targobank is regulated by BaFin. HypoVereinsbank has BaFin regulation, which is particularly advantageous for German investors. Targobank has BaFin regulation, which is particularly advantageous for German investors.

Is HypoVereinsbank or Targobank better for beginners?

HypoVereinsbank has a minimum deposit of 0 € and offers HVB Web, HVB App as platforms. Targobank has a minimum deposit of 0 € and offers Targobank Web, Targobank App. HypoVereinsbank has the lower entry barrier.

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.