Consorsbank Account Types

Consorsbank offers a variety of account types to cater to different trading needs. The available account types include:

• Trading Account: This account is designed for active traders who want to engage in various financial markets. It provides access to a wide range of instruments including stocks, bonds, ETFs, and CFDs.

• Beginners Depot: Tailored for novice traders, this account allows new investors to start trading without incurring any fees for the first two years. This is an excellent option for those just starting their trading journey.

• Securities Account: This account is suitable for individuals looking to invest in securities. It provides a straightforward way to manage investments in various asset classes.

• Young Trader Zero: Specifically designed for young traders aged 18 and above, this account allows trading without any fees for two years, encouraging young individuals to start investing early.

Consorsbank Broker Account Opening Process

Opening an account with Consorsbank is a straightforward process that can be completed in a few simple steps:

• Visit the Website: Go to the Consorsbank website and click on the “Open Account” button located in the bottom right-hand corner.

• Fill Out the Form: You will be required to complete a basic "Know Your Customer" process. This involves filling in your personal information on a single page order form, which simplifies the process.

• Review and Confirm: In the final step, you will see a summary of all the information you have entered. This allows you to check and adjust any details before submitting your application.

• Account Activation: Once your application is submitted, the account activation process typically takes up to 24 hours.

By following these steps, you can easily set up your trading account with Consorsbank and begin your trading journey.