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Rating Index

Pros

Wide range of trading products including stocks, funds, ETFs, options, futures, and CFDs.

User-friendly trading platforms available for web and mobile, along with phone trading options.

Affiliated with Commerzbank, providing a level of security and deposit protection for clients' funds.

Cons

Lacks valid regulatory oversight, raising concerns about the safety of user funds.

Mixed customer reviews, with a significant number of negative experiences reported regarding customer support and service quality.

High potential risk associated with trading, particularly in high-volatility markets like forex and CFDs.

Onvista bank broker Accounts

Onvista Bank Account Type

Onvista Bank offers a variety of trading account types tailored to meet the needs of different investors. The primary account type is the Broker Account, which allows users to trade a wide range of securities, including stocks, funds, ETFs, EUR bonds, certificates, warrants, futures, options, and CFDs. Key features of the Onvista Broker Account include:

No monthly maintenance fees: Users are not charged a monthly fee to maintain their broker account.
Fixed trade fee: A commission of €5 per trade applies, which is independent of the trade volume.
Access to multiple trading venues: Traders can execute transactions on all major German and foreign stock exchanges, as well as through direct off-exchange trading with over 16 issuers.
Comprehensive financial information: Onvista.de provides extensive market data and insights to assist investors in making informed decisions.
Deposit protection: As a brand of Commerzbank, Onvista Bank is a voluntary member of the deposit protection fund of the Federal Association of German Banks, ensuring the safety of investors' funds.

Onvista Bank Broker Account Opening Process

Opening a broker account with Onvista Bank is a straightforward and digitalized process that can be completed in just a few minutes. Here are the steps involved:

Visit the Onvista Bank website: Navigate to the official website and click on the “Open a Depot Now” button.
Fill out the application form: Provide the necessary personal information in the online application form.
Confirm your identity: You can verify your identity online or at a post office using a valid passport or identity card.
Account funding: Once your account is opened, you can fund it through various methods, including bank transfers and credit/debit cards.
Start trading: After your account is funded and verified, you can begin trading on the Onvista Bank platform.

This process ensures that users can quickly gain access to a robust trading platform designed for both novice and experienced investors.