HypoVereinsbank
BaFin
Targobank
BaFin
HypoVereinsbank vs Targobank
Head-to-Head Comparison 2026
By SofiaOur Verdict
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.
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
HypoVereinsbankHypoVereinsbank: 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
HypoVereinsbankHypoVereinsbank (5 categories)
Targobank (4 categories)
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
In-Depth Analysis: HypoVereinsbank vs Targobank
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.
Frequently Asked Questions
Is HypoVereinsbank or Targobank cheaper?
Which broker offers more products: HypoVereinsbank or Targobank?
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Is HypoVereinsbank or Targobank better for beginners?
HypoVereinsbank vs Targobank: Which broker is better overall?
HypoVereinsbank
Securities trading at HypoVereinsbank – part of the UniCredit Group
Open Account →From 0 € min. deposit