Comdirect Review – Unbiased Pros & Cons Revealed ✔️


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According to research in South Africa COMDIRECT is a German investment bank which gives traders access to several German, European and overseas markets.

COMDIRECT was established in 1994 and is regulated by the Federal Financial Supervisory Authority (BaFin). The company is listed on both Xetra and the London Stock Exchange (LSE).

Its parent company is Commerzbank, which holds 80% of COMDIRECT’s shares and provides further financial stability for the online broker.

COMDIRECT charges fairly high trading fees and the account opening process for non-German and non-Austrian residents is complicated and can take even weeks. Most of its services are rendered in German, hence a good German language skill is needed in order to do business with them.


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One of the best benchmarks to measure the safety of a broker like COMDIRECT, is to establish which regulating authorities are watchdogs over its actions.

COMDIRECT is regulated by the German Federal Financial Supervisory Authority (BaFin). The broker also has a sound banking background and is listed on Xetra and the London Stock Exchange (LSE).

Clients can rely on up to €100 000 protection for cash deposits and €20 000 for securities. COMDIRECT provides negative balance protection for forex spot and CFD trading, but only for retail clients from the European Union. Professional and non-EU clients are not covered with any negative balance protection.



1.      Extensive range of products and exchanges 1.      High fees
2.      Well-designed mobile platform 2.      Complicated account opening for non-German and non-Austrian residents
3.      Solid banking background
4.      No minimum deposit



Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise your trading account will be fully hedged.

The COMDIRECT website does not give an indication of any leverage ratio offered.



A forex account at COMDIRECT is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex Islamic accounts are also known as swap-free accounts as they imply no swap or rollover interest on overnight positions, which is against Islamic faith.

Often, the number and type of accounts that a trader can open with a broker company differs depending on the country in which it operates and the regulation authorities under whose jurisdiction it falls.

COMDIRECT offers accounts for customers in most European countries although opening an account by a non-German/non-Austrian citizen is quite complicated. A customer will need to have a fair knowledge of German as the account opening process are in German.

At COMDIRECT, there are 4 accounts available:

‘COMDIRECT Depot’ – is the base account for securities trading.

‘Währungsanlagenkonto’ – lets you trade on exchanges outside Germany and has to be registered to your base ‘Depot’ account

‘LiveTrading account’ lets you trade on COMDIRECT’s own OTC market with special conditions.

‘CFD-Konto’ – for when you would like to trade CFDs. It can be done within your ‘COMDIRECT Depot’ account, or as a seperate registration.



The most popular market instruments available from most brokers for trading include:


Forex trading describes the currency exchange market which refers to the global, decentralised marketplace where individuals, companies and financial institutions exchange currencies for one another at floating rates.


Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and plays a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.


Equity, or stock indices, are actual stock market indexes which measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies of a nation.

Precious metals:

The trading of gold and other precious metals, along with crude oil, copper or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.


The typical feature of energy prices is high volatility due to the influence of political and environmental factors, supply and demand, extreme weather conditions and global economic growth.

COMDIRECT offers all asset classes. Within most asset classes, the product selections are also good, covering German, European and overseas exchanges.

The following cryptocurrencies are available: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH / BCC), Dash (DASH), Litecoin, Monero (XMR), NEO (NEO), Ether Classic (ETC) and Zcash (ZEC).



Cost depends on different factors, like spread and margins, and COMDIRECT clients may also experience different fee structures according to their country or place of residence.

The spread of a currency pair is the difference between the bid and the ask rate. A pip represents the smallest increment that an exchange rate can move.

Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position and the leverage applied to your trading account.

COMDIRECT’s trading fees are high, but the fee structure is transparent.

When you trade stocks at COMDIRECT, the commission is calculated from a base fee and a volume-based value. The fees are different for each exchange.

A financing rate, or margin rate, is charged when you trade on margin or short a stock. The financing rates vary based on the base currency of your margin account.

COMDIRECT has low non-trading fees and charges no account, deposit, or withdrawal fees. There is no inactivity fee for the first 3 years but after that COMDIRECT charges €1,95.



Accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done with the same ways, but sometimes differ.

In the case of COMDIRECT the required minimum deposit is $0. Deposits and withdrawals are free of charge but are only available through a bank transfer.

Customers can however choose from 12 base currencies – Australian Dollar, British Pound, Canadian Dollar, Hungarian Forint, Japanese Yen, Mexican Peso, Norwegian Krone, Polish Zloty, South African Rand, Swedish Krona, Turkish Lira or US Dollar.

You can only deposit money from accounts in your name.

You can use only bank transfer to withdraw money from COMDIRECT too and it may take more than 3 business days. You can also only withdraw money to accounts in your name.



The forex trading platform provided by COMDIRECT to its clients is in essence the software to carry out their trades. Some brokers provide only one, others quite a few platforms.

A multi-asset trading platform is one that allows clients to trade forex as well as other asset classes. The decision about which platform to choose will usually depend on what a client would like to trade.

COMDIRECT provides two web trading platforms: COMDIRECT’s website and CFD Trader, both unfortunately only available in German. COMDIRECT’s website is for managing your account and investing in securities, like stock or bonds. If you would like to trade with CFDs or forex, you have to use CFD Trader.

COMDIRECT has a dedicated user-friendly app for trading, available on Android and iOS.



Similarly to a bank, to register a forex trading account with COMDIRECT for the first time, you will be required to go through a basic “know your customer” process, which will allow COMDIRECT to ascertain that your submitted details and ensure the safety of your funds and account details.

With COMDIRECT the process is easy and fully digital for German and Austrian residents, but complicated and long for residents outside these two countries. You have to go through a notarial identification process at your home country and send your application via the post.



Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it.

In the case of COMDIRECT customers can reach the support team via phone and email but all communication is in German only.

There is a new ‘Live-Support’ feature which lets you share your platform with a manager for direct interaction.

Customer service is available 24/7.



Before starting to trade, potential clients of COMDIRECT should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

COMDIRECT offers learning in the following ways:

  • Through a demo CFD account
  • With platform tutorial videos
  • General educational videos
  • Webinars
  • Quality educational articles

Just like other services, all content is available in German.



To be able to trade with confidence, traders should do as much as possible research about this kind of speculative trading before commencing, but also preceding every daring deal to ensure that they don’t lose money unnecessarily and trade as profitable as possible.

With COMDIRECT they have access to many tools to choose from. Most research tools are available on the website.

Relevant information is easily accessible, although news is only available in German.

Customers have access to a lot of fundamental data for stocks, indices, funds and bonds on COMDIRECT’s website.

COMDIRECT’s charting tools are best when used on the ProTrader with 47 technical indicators and the possibility to create your own charts. COMDIRECT also has screening tools for almost all asset classes.



Being an awarded company instils extra confidence by traders.  Although COMDIRECT is acclaimed by customers, there is no indication of awards won on its homepage.



COMDIRECT is known for its fairly high trading fees and the complicated account opening process for non-German and non-Austrian residents.

A live chat is not available and phone support is sometimes slow. Since basically all services are in German, good German language skill is needed.

It gives access to both European and overseas exchanges with a wide range of products, their mobile platform is good and the broker is considered safe.



COMDIRECT warns potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors.

Before deciding to trade with COMDIRECT, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

COMDIRECT warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence COMDIRECT cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.


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Broker’s Name COMDIRECT
Headquartered Quickborn, Germany
Year Founded 1994
Regulating Authorities BaFin
Countries not accepted for trade Not indicated
Islamic Account (Swap Free) No
Demo Account Yes
Institutional Accounts Yes
Managed Accounts Yes
Maximum Leverage Not indicated
Minimum Deposit $0
Deposit Options Bank transfer
Withdrawal Options Bank transfer
Platform Types COMDIRECT Web

CFD Trader


OS Compatibility Web, Android, iPhone
Tradable Assets Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants
Languages supported on Website German
Customer Support Languages German
Customer Service Hours 24/7



Frequently Asked Questions



Is Comdirect a fake or scam?


Our Review of Comdirect reveal that this broker is not a scam as it is regulated by top-tier BaFIN. It has a long track record , is listed on a stock exchange and has a banking background.


How many instruments can I trade with Comdirect?


Trading instruments with Comdirect incl:

  • Stocks
  • ETFs
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFDs
  • Crypto


Which platforms are supported by Comdirect?


Comdirect provides the following popular trading platforms:

  • Comdirect Web
  • CFD Trader
  • Comdirect App


Is Comdirect a recommended forex trading broker for experts and beginners?


Comdirect offers a fair trading environment for all types of traders/beginners/experienced traders.


What is the overall rating out of 10 for Comdirect?




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