Smartbroker Account Type

Smartbroker offers several types of accounts tailored to various trading needs. The main account types include:

• Broker Account:
• Fees: €0.00 per order.
• Products: Trade stocks, bonds, funds, and ETFs under a single depot without barriers.
• Additional Benefits: Free ETF savings plan, no monthly account fees, and competent customer service.
• Regulation: Managed by DAB BNP Paribas and monitored by German banking regulators (BaFin).
• Flexible Interest Account:
• Interest Rate: 3.0% per annum.
• Conditions: Requires at least three orders or savings plans per month to qualify for interest.
• Security: Deposits are protected under the German Deposit Insurance Act, up to €100,000 per customer.
• Trading Features:
• Access to various trading venues, including German and international stock exchanges.
• No fees for dividend payments and distributions from ETFs or funds.

Smartbroker Broker Account Opening Process

Opening an account with Smartbroker is a straightforward process that takes approximately five minutes. Here are the steps involved:

• Visit the Website: Go to the Smartbroker official website and click on “Open Depot Now.”
• Fill in Required Details: Complete the online form with your personal information.
• Identification: Follow the PostIdent or VideoIdent procedure to verify your identity.
• Documentation: Provide necessary documents such as personal data, tax identity number, and proof of residence.
• Submit Application: Once all details are filled and documents uploaded, submit your application.

Additional Information:

• Eligibility: Residents from Switzerland and Austria can also open a Smartbroker account, provided they submit the necessary FATCA forms and tax certificates.
• Account Management: There are no hidden costs, and the platform allows for free management of portfolios and accounts.