Consorsbank is one of Germany's leading online brokers, offering direct access to a broad range of German and international exchanges together with an extensive selection of stocks, ETFs, mutual funds, bonds, options, futures, warrants and structured products. While trading fees are relatively expensive, investors benefit from commission-free ETF Savings Plans. Features also include Smart Order Routing, Lombard margin lending, comprehensive German tax reporting and advanced trading tools including real-time quotes, charting and sophisticated order types. On top of high trading fees, foreign exchange costs are not fully disclosed, and the platform does not offer multicurrency accounts, compensated securities lending, or an elective professional client regime. This makes it less appealing compared to local competitors in the same category.
Passive Investors: Suitable. Excellent ETF selection and commission-free ETF Savings Plans, although one-off trading fees can be relatively expensive outside promotional offers.
Semi-Active Investors: Suitable. Broad access to German and international exchanges although the lack of multicurrency accounts and relatively high trading costs reduce its appeal.
Active Investors: Suitable. Strong derivatives offering, direct exchange access, Lombard margin lending and advanced order types make Consorsbank well suited to active investors. However, the absence of API trading, compensated securities lending, multicurrency accounts and an elective professional client regime means specialist brokers such as Interactive Brokers remain a better choice.
Pros & Cons And Suitability
▶ Pros & Cons
Part of BNP Paribas Group & BaFin regulation
No custody fees
Broad Exchange Access & Product Range
Derivative & Margin Loan
Extensive ETF savings plans
FX fees are not disclosed
Incentivises Tradegate Exchange
No Multicurrency
High One Off Transaction Fees
▶ Suitability
Passive
SuitableGood ETF Selection but Costly Outside ETF Savings Plans
😊
Semi-Active
SuitableBroad Exchange Access but No Multicurrency Account
😊
Active
SuitableStrong Derivatives Offering but No Professional Client Status
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Country Availability
Check if Consorsbank is available in your country. Select a country to see local regulatory details.
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Iceland
Liechtenstein
Norway
United Kingdom
Switzerland
Aland Islands
Albania
Algeria
American Samoa
Andorra
Angola
Anguilla
Antarctica
Antigua and Barbuda
Argentina
Armenia
Aruba
Australia
Azerbaijan
Bahamas
Bahrain
Bangladesh
Barbados
Belize
Benin
Bermuda
Bhutan
Bolivia
Bonaire, Sint Eustatius and Saba
Bosnia and Herzegovina
Botswana
Brazil
British Indian Ocean Territory
British Virgin Islands
Brunei Darussalam
Burkina Faso
Cambodia
Cameroon
Canada
Cape Verde
Cayman Islands
Chad
Channel Islands and Jersey
Chile
China
Colombia
Comoros
Cook Islands
Costa Rica
Cote d'Ivoire
Curacao
Djibouti
Dominica
Dominican Republic
Ecuador
Egypt
El Salvador
Equatorial Guinea
Eritrea
Ethiopia
Falkland Islands
Faroe Islands
Fiji
French Guiana
French Polynesia
French Southern Territories
Gabon
Gambia
Georgia
Ghana
Gibraltar
Greenland
Grenada
Guadeloupe
Guam
Guatemala
Guernsey
Guinea
Guinea-Bissau
Guyana
Haiti
Honduras
Hong Kong
India
Indonesia
Iraq
Israel
Jamaica
Japan
Jordan
Kazakhstan
Kenya
Kiribati
Kosovo
Kuwait
Kyrgyzstan
Laos
Lebanon
Lesotho
Liberia
Libya
Macao
Madagascar
Malawi
Malaysia
Maldives
Mali
Marshall Islands
Martinique
Mauritania
Mauritius
Mayotte
Mexico
Micronesia
Moldova
Monaco
Mongolia
Montenegro
Montserrat
Morocco
Mozambique
Myanmar
Namibia
Nauru
Nepal
New Caledonia
New Zealand
Nicaragua
Niger
Nigeria
Niue
Norfolk Island
North Macedonia
Northern Mariana Islands
Oman
Pakistan
Palau
Palestine
Panama
Papua New Guinea
Paraguay
Peru
Philippines
Pitcairn
Puerto Rico
Qatar
Republic of the Congo
Reunion
Russia
Rwanda
Saint Barthelemy
Saint Helena
Saint Kitts and Nevis
Saint Lucia
Saint Martin
Saint Pierre and Miquelon
Saint Vincent and the Grenadines
Samoa
San Marino
Sao Tome and Principe
Saudi Arabia
Senegal
Serbia
Seychelles
Sierra Leone
Singapore
Sint Maarten
Solomon Islands
Somalia
South Africa
South Georgia
South Korea
South Sudan
Sri Lanka
Suriname
Swaziland
Taiwan
Tajikistan
Thailand
Togo
Tokelau
Tonga
Trinidad and Tobago
Tunisia
Turkey
Turkmenistan
Turks and Caicos Islands
Tuvalu
Uganda
Ukraine
United Arab Emirates
United Republic of Tanzania
United States
United States Minor Outlying Islands
United States Virgin Islands
Uruguay
Uzbekistan
Vanuatu
Vietnam
Wallis and Futuna Islands
West Bank and the Gaza Strip
Western Sahara
Zambia
Broker Snapshot
Why Is Consorsbank A Fintech Broker?
Consorsbank qualifies as a Fintech broker by combining a modern, user-friendly investment platform with the financial strength of BNP Paribas, one of Europe's largest banking groups. Although primarily focused on the German market, Consorsbank provides access to more than 30 German and international exchanges, an extensive selection of ETFs and mutual funds, flexible Savings Plans and comprehensive German tax reporting.
A BNP Paribas Brand Serving Around 1.5 Million Customers
Founded in 1994 as Consors Discount-Broker AG, Consorsbank became part of BNP Paribas following its acquisition of Consors in 2002 and has since developed into the group's digital investing and direct banking brand in Germany. Today, the platform serves approximately 1.5 million customers. BNP Paribas is listed on Euronext Paris, has a market capitalisation of approximately €112 billion (July 2026) and holds an A1 long-term deposit rating from Moody's.
▶ Company Info
Inception Year: 1994
Headquarters: Nuremberg, Germany
Key Owner: BNP Paribas (100%)
Bank Affiliated: Yes
Listed on Stock Exchange: Yes (Parent) - Euronext Paris
Parent Rating: A1 (Moody's)
Net Income: €12.2 bn (FY2025) – Parent
▶ Regulation
Key Regulators: BaFin
EU Entity: BNP Paribas S.A. Niederlassung Deutschland
EU Regulator: BaFin
EU Guarantee: €20,000
Strong Investment Offering, No Custody Fees, But Higher Trading Costs
Consorsbank offers a broad selection of ETFs and international exchanges with no custody or inactivity fees. Investors also benefit from flexible Savings Plans. However, standard trading commissions are relatively high compared with low-cost fintech brokers, foreign exchange fees are average, and accounts are available in EUR only with no multicurrency support.
▶ Features Overview
Base Currencies: EUR
ETF Availability: Very High (2,000+)
Multicurrency: No
Cash Interest: Yes
Margin Loans: Yes
SMM/Systematic Internaliser Reliance: Low
Exchanges: All Major Exchanges
▶ Fee Structure
Custody Fees: None
Inactivity Fees: None
ETFs Dealing Fees: Very High
FX Fees: Not disclosed
Deposit Fees: None
Withdrawal Fees: None
Security Lending: Not Available
Company ⓘ
We rate Consorsbank's company profile 5 out of 5. As the German direct investing brand of BNP Paribas, Consorsbank combines a long operating history with the financial strength of one of Europe's largest banking groups. BNP Paribas reported approximately €12.2 billion in net income for FY2025, holds an A1 long-term deposit rating from Moody's and is designated as a Global Systemically Important Bank (G-SIB), reflecting its strong capital position and systemic importance.
Business Profile
Founded in 1994 as Consors Discount-Broker AG, Consorsbank has established itself as one of Germany's leading digital banks and investment platforms. Following BNP Paribas' acquisition of Consors in 2002, the broker became the group's digital investing and direct banking brand in Germany, offering a broad range of banking services alongside shares, ETFs, mutual funds, bonds and derivatives. Today, the platform serves approximately 1.5 million customers. Consorsbank generates revenue primarily through brokerage commissions, banking services, net interest income and investment products. As a wholly owned subsidiary of BNP Paribas S.A., its financial results are fully consolidated into the parent group and are therefore not reported separately.
BNP Paribas is one of Europe's largest banking groups, providing retail banking, corporate and institutional banking, asset management and insurance services across more than 60 countries. For FY2025, the group reported €12.2 billion in net income while maintaining a market capitalisation of approximately €112 billion (July 2026).
Ownership and Transparency
Consorsbank is a wholly owned subsidiary of BNP Paribas S.A., whose shares are listed on Euronext Paris. The parent bank maintains strong capital and liquidity positions and holds an A1 long-term deposit rating from Moody's. BNP Paribas is directly supervised by the European Central Bank (ECB) as one of Europe's Global Systemically Important Banks (G-SIBs).
Client assets are protected under German and European regulations, with additional safeguards provided by the financial strength of the BNP Paribas Group. BNP Paribas holds an A1 long-term deposit rating from Moody's. Historically, it implies a low single digit probability of default over 10-years. BNP reported approximately €12.2 billion in net income for FY2025, reflecting continued profitability and a strong capital position. As one of Europe's largest banking groups, BNP Paribas is designated as a Global Systemically Important Bank (G-SIB) by the Financial Stability Board and is directly supervised by the European Central Bank (ECB). While this designation should not be viewed as an implicit government guarantee, it means the group is subject to enhanced regulatory oversight, higher capital requirements and comprehensive recovery and resolution planning. BNP Paribas is also continuing to strengthen its position in European asset management through its planned acquisition of AXA Investment Managers (AXA IM).
Consorsbank is regulated by the German Federal Financial Supervisory Authority (BaFin) and participates in Germany's statutory investor compensation scheme. In the unlikely event that the broker is unable to return client assets, investors are protected for 90% of eligible claims up to a maximum of €20,000, which is the standard level of investor compensation across the European Union. While this level of protection is relatively low compared with some non-EU jurisdictions, client securities are held separately from Consorsbank's own assets and remain the legal property of investors. Cash deposits benefit from the German Deposit Guarantee Scheme, which protects eligible balances of up to €100,000 per depositor.
Cash deposits held with BNP Paribas S.A. Niederlassung Deutschland.
Client securities held in omnibus custody accounts through the Clearstream settlement network. International securities may be held through Clearstream's global custodian network and other local sub-custodians where required.
Segregated (individual) custody available upon request for eligible securities, subject to additional fees.
Consorsbank has maintained a strong reputation in the German market since becoming the digital investing brand of BNP Paribas. While Consorsbank itself has not been subject to any major regulatory enforcement actions, its parent company has faced significant regulatory scrutiny over the years. The most notable case was the record US$8.9 billion settlement with US authorities in 2014 relating to historical sanctions violations involving Sudan, Iran and Cuba. In February 2024, the US Federal Reserve terminated the remaining enforcement actions after determining that BNP Paribas had substantially strengthened its sanctions compliance framework. More recently, BNP Paribas has remained involved in civil litigation in the United States relating to the historical sanctions case.
Fee Structure ⓘ
We rate Consorsbank's fees 2.5 out of 5. While the broker does not charge custody or account maintenance fees, its trading costs are relatively high compared with many online competitors. Domestic trades are subject to a commission of €4.95 plus 0.25% (minimum €9.95, maximum €69), while international trades become particularly expensive once exchange fees are added. In addition, Consorsbank does not disclose the foreign exchange spread applied to trades in foreign currencies, making the total cost of international investing less transparent.
Custody Fees
None. Professional trading software (ActiveTrader) is provided free of charge.
Segregated custody fees (€30,000 setup + €32,000 annual) remain unchanged and are still listed in the latest pricing schedule.
Trading Fees.
ETF Savings Plans: Free of charge across the entire ETF Savings Plan range (market spreads still apply). They are executed via the Tradegate Exchange.
Fund Savings Plans: Fees depend on the individual fund and applicable promotions.
One-off ETF & Share Trades: €4.95 per order +
0.25% of the order value. Minimum: €9.95 per order, Maximum: €69 per order.
Tradegate Exchange: Orders executed via Tradegate Exchange incur a reduced exchange fee of €0.95.
Xetra is Germany's primary electronic stock exchange and is generally considered one of the country's most liquid trading venues. Consorsbank applies its standard broker commission in addition to a small exchange fee and the variable Xetra transaction charge levied by Deutsche Börse. As a result, Xetra is not always the cheapest execution venue for retail investors, although its deep liquidity may result in narrower bid-ask spreads for heavily traded securities.
Order Value
Broker Commission
Exchange Fee
Total Cost*
Up to €2,000
€9.95 (minimum)
€1.95 + variable Xetra transaction fee
€11.90 + transaction fee
€10,000
€29.95
€1.95 + variable Xetra transaction fee
€31.90 + transaction fee
€20,000
€54.95
€1.95 + variable Xetra transaction fee
€56.90 + transaction fee
€25,600+
€69.00 (maximum)
€1.95 + variable Xetra transaction fee
€70.95 + transaction fee
Euronext operates several of Europe's largest stock exchanges, including Paris, Amsterdam and Brussels. When trading through Consorsbank, investors pay the standard broker commission plus a market-specific exchange fee. While Euronext offers deep liquidity for many European securities, trading costs are generally higher than on German exchanges.
Paris
Order Value
Broker Commission
Exchange Fee
Total Cost*
Up to €2,000
€9.95
€36
€45.95
€10,000
€29.95
€36
€65.95
€20,000
€54.95
€36
€90.95
€25,600+
€69.00
€36
€105.00
Amsterdam
Order Value
Broker Commission
Exchange Fee
Total Cost*
Up to €2,000
€9.95
€42
€51.95
€10,000
€29.95
€42
€71.95
€20,000
€54.95
€42
€96.95
€25,600+
€69.00
€42
€111.00
Brussels
Order Value
Broker Commission
Exchange Fee
Total Cost*
Up to €2,000
€9.95
€56
€65.95
€10,000
€29.95
€56
€85.95
€20,000
€54.95
€56
€110.95
€25,600+
€69.00
€56
€125.00
The London Stock Exchange (LSE) is one of the world's largest equity markets and provides access to a wide range of UK-listed companies, investment trusts and ETFs. When trading on the LSE through Consorsbank, investors pay the standard broker commission plus a fixed exchange fee of €34. UK-listed shares may also be subject to UK Stamp Duty Reserve Tax (SDRT), which is charged separately by the UK government and is not included in the fees below.
Order Value
Broker Commission
LSE Exchange Fee
Total Cost*
Up to €2,000
€9.95 (minimum)
€34
€43.95
€10,000
€29.95
€34
€63.95
€20,000
€54.95
€34
€88.95
€25,600+
€69.00 (maximum)
€34
€103.00
Currency Exchange Fees
Currency conversions are performed at Consorsbank's applicable exchange rate. The applied exchange rate may include an undisclosed currency conversion spread.
Fee Simulation vs Competitors
Most of our readers invest in globally diversified ETF portfolios through regular monthly contributions. Using our Broker Total Cost Calculator, you can estimate the total cost of investing over your chosen investment horizon. In the simulated scenario below, Consorsbank is more expensive than Comdirect, but remains cheaper than DKB. The difference is driven primarily by trading fees, as none of the brokers charge ongoing custody fees for the portfolio shown.
Fee Simulation
The simulation assumes that ETF purchases are executed as regular one-off trades on the trading venue selected in the calculator for each broker. In the scenario shown above, all three brokers are compared using Xetra. Foreign exchange costs, bid-ask spreads, taxes and market impact costs are excluded from the analysis.
Other Fees
Deposits & Withdrawals: Free of charge.
Incoming Securities Transfers: Free of charge.
Outgoing Securities Transfers: Free within Germany and the EEA where covered by the statutory portability rules. Transfers to non-EEA custodians or special transfer requests may incur third-party or market-specific charges.
Real-Time Market Data: Available as an optional subscription, with fees depending on the exchange and data package selected. Many delayed quotes are provided free of charge, while professional or real-time data subscriptions vary by market.
Platform & Features ⓘ
We rate Consorsbank's platform 4.3 out of 5. The broker offers access to a wide range of German and international exchanges and an extensive selection of investment products including stocks, ETFs, bonds, mutual funds and derivatives. Investors also benefit from advanced order types, ETF Savings Plans, Smart Order Routing, real-time market data and portfolio analysis tools. However, the platform lacks a true multicurrency account and does not offer a compensated securities lending programme.
Account Opening Process
Opening a Consorsbank account takes around 10–15 minutes and can be completed entirely online. Applicants must verify their identity via VideoIdent or PostIdent, there is no minimum deposit requirement, and accounts are typically approved within 1–3 business days. A valid passport or national identity card and German tax identification number (Steuer-ID) are required.
UCITS ETFs Availability
Consorsbank offers an extensive range of UCITS ETFs from providers including iShares, Vanguard, Xtrackers, Amundi, SPDR, VanEck, HSBC, Invesco and WisdomTree. Like most German and European brokers, Consorsbank follows a strict interpretation of the PRIIPs Regulation for retail investors, meaning only investment products with a valid Key Information Document (KID) can be purchased.
Consorsbank offers direct access to a broad range of German and international exchanges, including Xetra, NYSE, NASDAQ, the London Stock Exchange and major European markets. This provides investors with access to a broader international investment universe while retaining direct exchange execution.
Features
Desktop PlatformMobile AppMargin LoansShare TransferCash InterestAutomated InvestingFamily & Friends Sub-accountsMulticurrencyCRESTSecurity Lending – CompensatedRobo AdvisoryElective Professional Investor Status
Large ETF Selection: Access to thousands of UCITS ETFs from providers including Amundi, iShares, Vanguard, Xtrackers, SPDR, Invesco, VanEck and HSBC.
Mobile Apps: Native apps for Android and iOS.
Customer Service: Available via phone, secure messaging and chat during supported hours. Customer reviews are mixed, suggesting room for improvement compared with some competitors.
Investment Features: Intuitive trading platform with ETF Savings Plans, regular investment plans and Smart Order Routing for selected markets.
Family Accounts: Kinderdepot (Children's Investment Account) and Joint Securities Account (Gemeinschaftsdepot).
Trading Tools: Price alerts, advanced charting, real-time quotes (where subscribed), portfolio analysis, and a full range of order types including limit, stop-loss and stop-limit orders.
Consorsbank supports trading in stocks, ETFs, mutual funds, bonds, options, warrants, certificates and exchange-traded derivatives. Investors can also access margin loans (Lombard credit), ETF Savings Plans, Smart Order Routing, advanced order types (including limit, stop-loss and stop-limit), real-time market data, advanced charting, price alerts and portfolio analysis tools.
Consorsbank does not offer security lending.
Consorsbank allows investors to choose from a wide range of German and international execution venues, including Xetra, Tradegate, Lang & Schwarz, Gettex and major overseas exchanges. While investors retain control over where their orders are executed, the broker's fee structure clearly favours Tradegate Exchange - a single market maker exchange. Tradegate remains the lowest-cost execution venue, although investors seeking maximum liquidity may prefer Xetra or the primary listing venue.
As July 2026:
Current Account (Girokonto): No interest is paid on cash balances (0.00% p.a.).
Tagesgeld (Flexible Savings Account): New customers receive 3.40% p.a. for 5 months on balances up to €1 million. After the promotional period of 5 months, the standard variable rate is 1.00% p.a. Existing customers receive the standard rate unless eligible for a promotional offer. Interest is credited quarterly.
Festgeld (Fixed-Term Deposit): Up to 2.50% p.a. for a 60-month EUR fixed-term deposit (rates vary by term, with 12–24 months at 2.25% p.a.). Interest is generally paid at maturity for terms up to 12 months and annually for longer maturities.
Structured Products: Certificates, Warrants and Turbo Certificates
Commodities: via ETCs/ETNs and derivatives
Consorsbank does not offer access to US Domiciled ETFs.
Consorsbank offers a securities-backed margin loan (Wertpapierkredit), allowing investors to borrow against the value of eligible securities held in their portfolio without selling their investments. Credit limits are based on the collateral value of the portfolio, with lending values of up to 70% for shares and up to 80% for many bonds and funds. The loan can be used for investing or other personal purposes, features flexible repayment with no fixed instalments, and currently carries a variable interest rate of 7.30% p.a. (7.50% APR).
Consorsbank offers one of the broadest derivatives ranges among traditional German banks. Investors can trade exchange-traded options and futures on Eurex and major US derivatives exchanges, as well as a large selection of warrants, certificates, turbo certificates and other structured products issued by BNP Paribas and third parties. Advanced order types, dedicated derivatives platforms and margin accounts are available for eligible clients, although the offering remains geared towards active retail investors rather than professional traders.
User Satisfaction ⓘ
While the broker is recognized as a legitimate, regulated institution with some competitive fee structures, recurring complaints about high trading fees relative to neo-brokers, poor customer service, and an outdated platform experience significantly outweigh the positives in user discussions.
Mixed
80+ mentions · over past 12 months
What Users Like
Ultra-low fees available via Tradegate Exchange (€0.95/order)
Integrated banking and investment services in one platform
Regulated by BaFin and backed by BNP Paribas, providing strong safety credentials
Competitive Tagesgeld (overnight money) rates for new customers
Fee-free ETF savings plans available for promotional periods
Common Complaints
Trading fees perceived as high compared to neo-brokers like Scalable Capital and Trade Republic
Poor and unresponsive customer support, frequently cited in reviews
Platform perceived as outdated relative to modern competitors
⚠️ This sentiment analysis is based on our proprietary algorithm relying on sentiment from public user reviews and discussions. This section does not represent the view of Banker on Wheels.
Country Considerations
Children's Investment Account (Kinderdepot), VL Savings Plans (Vermögenswirksame Leistungen), and German retirement investment products.
Available Tax Wrappers
Riester/Rürup
Tax Reporting
Consorsbank provides comprehensive German tax reporting, including an annual tax certificate (Jahressteuerbescheinigung), income statements and loss certificates, while automatically calculating and withholding German capital gains tax where applicable. International clients benefit from CRS reporting and documentation for non-German tax residents, but the broker does not provide country-specific tax reports tailored to the tax authorities of other supported markets.
Click on a flag below to read more:
Germany Investors
Steuereinfach
Consorsbank supports Freistellungsaufträge, automatically applying your annual German savings allowance (€1,000 per person) before deducting German capital gains tax. The broker also handles withholding tax, solidarity surcharge and, where applicable, church tax automatically. Investors receive a comprehensive annual tax certificate (Jahressteuerbescheinigung), detailed income statements and loss certificates.
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Riester/Rürup
