Before investors can even invest their first euro on the stock market, they have to open an account with an online broker. When choosing, they are faced with a wealth of options. Investors should read the terms and conditions very carefully in order to find the best broker for them. The trading fees differ significantly depending on the provider, as do the offering of shares and free savings plans. Some competitors also offer additional offers such as daily money or your own payment card.
Younger investors in particular rely primarily on low-cost neo-brokers such as Trade Republic when investing, but the offering from classic providers such as Consorsbank is significantly larger. In this episode, Felix and Philipp argue about which of the two brokers makes the better offer and why supposedly more expensive providers can ultimately be cheaper for certain types of investors.
Also read: The neobroker Trade Republic has introduced its own payment card: Our author tested it.
Disclaimer: This podcast is not investment advice, but is intended for information and entertainment purposes only. The hosts or publisher assume no liability for any investment decisions you make based on the information heard in the podcast.
***
How do you like the podcast BörsenWoche? Please take part in our survey at wiwo.de/satisfaction so that we can make the podcast even better.
There is also a special subscription offer exclusively for WirtschaftsWoche BörsenWoche listeners: https://vorteile.wiwo.de/bw-podcast/
Do you want to know more about investing? In the WiWo BörsenWoche you will receive concrete investment tips, in-depth analyzes and assessments of trends every Monday. The heart of BörsenWoche are two model portfolios in which the focus is on investing money on your own.
The WirtschaftsWoche podcasts
You can listen to the podcast episodes at www.wiwo.de/podcast and wherever podcasts are available:
– Directly at Spotify subscribe to.
– Directly at Apple Podcasts subscribe to.