Consorsbank Broker Review

Consorsbank Review 2

Latest All(2) Positive(1) Exposure(1)

Positive

I love Consors Bank’s savings plan, for it is very helpful to foster my investment habits. I really find that this company is reliable and transparent. And their customer support team is also professional and friendly. Diversified range of products, like Shares, Gold, Fixed deposits, gold, and more for you to explore.

FX1346050777

2023-03-20

Exposure

Lots of liars and incompetents. In January, instead of the activation code, a service person sent me a new PIN that I did not need. Since then I no longer have access to my account. My signature was rejected twice so I had to submit the formula twice. In the end, according to them, they sent the new PIN and activation code three weeks ago. But I never receive. Until now, I do not have access to my account or my money. During the thousands of calls I made, they hung up shortly after picking up my phone or treated me badly and even recommended closing my account. Is this customer service?

Nico Nava

2021-12-16

Consorsbank 2025 Review: Everything You Need to Know

　　Summary: Consorsbank is generally regarded as a reliable online broker, particularly known for its comprehensive financial services and competitive trading conditions. However, user experiences vary, with some praising its customer support and trading platforms, while others express concerns about fees and the lack of a demo account for forex trading.

　　Note: It's important to consider that Consorsbank operates under different entities in various regions, which may affect user experiences and regulatory protections. This review consolidates multiple sources to ensure fairness and accuracy.

Ratings Overview

Category	Rating (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	8
Trading Setup (Experience)	6
Trustworthiness	8
User Experience	7
Overall Score	6.5

　　How We Rate Brokers: Our ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data collected from various sources.

Broker Overview

　　Founded in 1994 as a discount broker, Consorsbank has evolved significantly, becoming a part of BNP Paribas in 2002 and rebranding in 2014. Headquartered in Nuremberg, Germany, it serves over 1.5 million clients and offers a wide range of financial services, including online brokerage. The broker provides access to several trading platforms, including Active Trader, Active Trader Pro, Future Trader, and Premium Trader, catering to various trader needs.

　　The asset classes available for trading include stocks, bonds, ETFs, CFDs, commodities, and options. Consorsbank is regulated by the Federal Financial Supervisory Authority (BaFin), ensuring a level of trust and security for its clients.

Detailed Breakdown

　　Regulated Regions: Consorsbank operates primarily in Germany and is regulated by BaFin. It also adheres to the compensation scheme of German banks, protecting customer deposits up to €100,000.

　　Deposit/Withdrawal Currencies: The broker supports various payment methods, but specific details about accepted currencies and cryptocurrencies are not clearly stated on its website.

　　Minimum Deposit: There is no minimum deposit required to open an account, making it accessible for new traders.

　　Bonuses/Promotions: Information about bonuses or promotions is limited, and no specific offers were noted in the reviews.

　　Tradeable Asset Classes: Consorsbank offers a diverse range of assets for trading, including stocks, bonds, ETFs, CFDs, futures, options, and commodities. However, it should be noted that forex trading is not directly available, which may limit options for some traders.

　　Costs (Spreads, Fees, Commissions): Trading costs vary by asset class. For German shares, the fees start at €4.95 plus 0.25% of the transaction volume, with a maximum cap of €69. Foreign shares incur higher fees, and there are additional charges for orders placed offline.

　　Leverage: The maximum leverage offered by Consorsbank is 1:50, which is relatively conservative compared to other brokers that may offer higher leverage ratios.

　　Allowed Trading Platforms: Clients can access the trading platforms via desktop and mobile applications, providing flexibility in how they trade.

　　Restricted Regions: While specific restricted regions are not detailed, it is implied that the broker primarily serves clients within the EU.

　　Available Customer Support Languages: Customer support is primarily available in German, with assistance offered through live chat, email, and phone.

Repeated Ratings Overview

Category	Rating (out of 10)
Account Conditions	6
Tools and Resources	7
Customer Service and Support	8
Trading Setup (Experience)	6
Trustworthiness	8
User Experience	7
Overall Score	6.5

Detailed Rating Breakdown

　　Account Conditions (6/10): Consorsbank offers a straightforward account setup with no minimum deposit required. However, the absence of a demo account for forex trading is a significant drawback for new traders looking to practice before investing real money.
　　Tools and Resources (7/10): The broker provides several trading platforms that cater to different trading styles. The Active Trader platform is particularly noted for its user-friendly interface and comprehensive features.
　　Customer Service and Support (8/10): Many users have praised Consorsbank's customer service for being responsive and helpful. The availability of multiple contact methods enhances the overall user experience.
　　Trading Setup (Experience) (6/10): While the trading experience is generally positive, some users have reported concerns about fees and the complexity of the trading platform.
　　Trustworthiness (8/10): Being regulated by BaFin and having a solid reputation in the industry contributes to Consorsbank's trustworthiness. Customer deposits are well protected, adding an extra layer of security.
　　User Experience (7/10): Overall, users report a satisfactory experience with the platform, although there are areas for improvement, particularly regarding transparency in fees and account options.

　　In conclusion, the Consorsbank review indicates that while the broker has several strengths, including strong customer service and a solid range of services, potential clients should be aware of its limitations, particularly regarding forex trading and the lack of a demo account.