Smartbroker Account Type

　　Smartbroker offers a single type of broker account designed to meet the needs of both beginner and experienced investors. With this account, investors can trade a variety of financial instruments including stocks, bonds, funds, and ETFs without any barriers. The main features of the Smartbroker account include:

• Zero Fees: Trading stocks and derivatives incurs no commission fees, making it one of the most cost-effective options in the German market.
• Free ETF Savings Plans: Investors can participate in fee-free ETF savings plans, allowing for regular and low-cost investments.
• No Monthly Account Fees: There are no monthly account maintenance fees (Depotgebühren).
• Safe and Secure Platform: Smartbroker is regulated by BaFin, ensuring investor protection and compliance with German financial laws.
• Wide Range of Trading Venues: Investors can trade on all German stock exchanges as well as international markets.

　　

Smartbroker Broker Account Opening Process

　　Opening a Smartbroker account is a straightforward process that can be completed in just a few minutes. Here are the steps involved:

• Visit the Website: Go to the Smartbroker website and click on the "Open Depot Now" button.
• Fill in Required Information: Complete the online form with personal details such as name, email, phone number, nationality, and German tax identity number.
• Identification Procedure: Follow the PostIdent or VideoIdent procedure to verify your identity. This requires a passport or a government-issued national identity card.
• Submit Additional Documents: Swiss and Austrian residents must provide a signed FATCA form from their custodian bank and an official registration certificate for tax purposes, dated within the last three months.
• Account Approval: Once your application is submitted and verified, you will receive confirmation and can start trading immediately.

　　By following these steps, investors can easily set up their Smartbroker accounts and begin trading with minimal hassle.