Flatex
★★★★★3.8/5
Strengths
- Many Trading Venues
- Options & Futures
- Tax-Simple for Austria
- Demo Account
Weaknesses
- Higher Order Fees
- Savings Plan Not Free
Best for
Austrian Investors
Go to Flatex →* Affiliate link · no extra cost for you
Broker Comparison 2026
Flatex vs. justTRADE
Detailed comparison of all fees, features, and suitability — updated for 2026.
Flatex
vs
justTRADE
Our Recommendation
Flatex is the better choice for Austrian Investors, while justTRADE wins for Free Trades. Which one suits you depends on your strategy — the detailed comparison below shows every difference.
Numeric Comparison
| Metric | Flatex | justTRADE | Difference |
|---|---|---|---|
| Order fee per trade | 5.90 € | 0.00 € | 5.90 € cheaper at justTRADE |
| 10y savings plan cost @ €100/month | 708 € | 0 € | 708 € cheaper at justTRADE |
| Free ETF savings plans | 0 | 150 | +150 more at justTRADE |
| Available exchanges | 6 | 3 | +3 more at Flatex |
| BMInsider rating | 3.8/5 | 3.8/5 | identical |
Bottom line: a €100/month savings plan over 10 years costs 708 € less at justTRADE.
justTRADE
★★★★★3.8/5
Strengths
- 0€ per Trade
- Direct Crypto Trading
- Free Savings Plans
- 3 Trading Venues
Weaknesses
- Min €500 per Order
- No Options
Best for
Free Trades
Go to justTRADE →* Affiliate link · no extra cost for you
Detailed Comparison
All fees, products, and platform features compared side-by-side. The "Winner" column shows which broker leads in each category.
| Feature | Flatex | justTRADE | Winner |
|---|---|---|---|
| Fees & Costs | |||
| Order Fee | 5.90€ + Börsengebühr | 0€ (min 500€ order volume) | justTRADE |
| ETF Savings Plan Fee | 1.50€ | 0€ | justTRADE |
| Account Fee | 0€/Year | 0€/Year | Tie |
| Minimum Deposit | 0€ | 0€ | Tie |
| Interest on Cash | 0% | 0% | Tie |
| Product Range | |||
| Stocks | Tie | ||
| ETFs | Tie | ||
| Crypto | justTRADE | ||
| Options | Flatex | ||
| CFDs | Tie | ||
| Fractional Shares | Tie | ||
| Number of Exchanges | Xetra, Frankfurt, Wien | LS Exchange, Quotrix, Tradegate | Flatex |
| Platform & Tools | |||
| Mobile App | Tie | ||
| Desktop Platform | Tie | ||
| Demo Account | Flatex | ||
| Security & Regulation | |||
| Regulated by | BaFin / FMA | BaFin | Tie |
| Deposit Protection | 100.000€ | 100.000€ | Tie |
| Founded | 2006 | 2019 | Tie |
| Overall Rating | |||
| Rating | ★★★★★ | ★★★★★ | Tie |
Which Broker for Whom?
Depending on your strategy and experience, one broker fits better. Here's how to decide:
For Beginners
justTRADE
Low barriers, simple app, demo account and no hidden costs — perfect to get started.
More about justTRADE →For Active Traders
justTRADE
Low per-order fees, many trading venues and derivatives access — important if you trade regularly.
More about justTRADE →For Long-Term Investors
justTRADE
Free savings plans, interest on cash and no custody fee — what matters when you buy & hold.
More about justTRADE →Detailed Assessment
Who is Flatex?
Flatex is especially popular in Austria as a tax-simple broker with access to many exchanges and derivatives.
Strengths in Detail
- Many Trading Venues
- Options & Futures
- Tax-Simple for Austria
- Demo Account
Weaknesses
- Higher Order Fees
- Savings Plan Not Free
- No Interest on Cash
- No Crypto
Who is Flatex worth it for?
Particularly suitable for: Austrian Investors, Options Trading, Many Exchanges.
Who is justTRADE?
justTRADE offers completely free trading from €500 order volume. One of the cheapest brokers in Germany.
Strengths in Detail
- 0€ per Trade
- Direct Crypto Trading
- Free Savings Plans
- 3 Trading Venues
Weaknesses
- Min €500 per Order
- No Options
- Limited Order Types
Who is justTRADE worth it for?
Particularly suitable for: Free Trades, Crypto + Stocks, Cost-Conscious Investors.
Flatex vs justTRADE — old-school Eurex specialist vs €0 neo-broker
Flatex (founded 1999, now part of flatexDEGIRO) and justTRADE (founded 2019, BaFin-regulated) span 20 years of German depot-broker evolution. Flatex is the old-school Eurex specialist — €5.90 per order, full Wien direct, Eurex DAX/Bund options, austriakonform Austrian product. justTRADE is the 2019-vintage neo-broker — €0 commission on orders ≥€500, native crypto, three execution venues (LS Exchange, Quotrix, Tradegate), no Eurex options.
The honest framing: justTRADE wins for cost-sensitive German DIY investors who don't need Wien direct or options. Flatex wins for Austrian residents (austriakonform), Wien-stock investors, and Eurex options traders.
When Flatex is the better pick
You're an Austrian tax resident. Flatex Austria is austriakonform — automatic Austrian KESt withholding. justTRADE has no austriakonform Austrian product.
You trade Wien stocks (OMV, Erste, Verbund) regularly. Flatex offers direct Wiener Börse access. justTRADE does not route to Wien — Austrian-listed stocks must be traded via secondary German listings with wider spreads.
You trade Eurex options. Flatex offers full Eurex retail access. justTRADE does not offer options at all.
You trade orders below €500. justTRADE rejects orders under €500 minimum. Flatex accepts any order size with €5.90 minimum commission. For €100–€499 trades, only Flatex serves the use case.
You want all German Regional-Börsen. Flatex routes to Stuttgart, München, Hamburg, Berlin, Düsseldorf, Frankfurt, Tradegate, Quotrix. justTRADE routes only to LS Exchange, Quotrix, and Tradegate.
When justTRADE is the better pick
You consistently trade orders ≥€500. justTRADE charges €0 commission. Flatex charges €5.90 + venue fees. For €1 000+ orders, justTRADE saves ~€6.50 per trade.
You want fee-free ETF savings plans. justTRADE offers €0 savings plans from €25 minimum. Flatex savings plans cost €1.50 per execution outside the partner program.
You want native crypto in a BaFin-regulated stocks broker. justTRADE was the first German broker with crypto + stocks side-by-side. Flatex does not offer spot crypto.
You want a more modern web + app interface. justTRADE's digital experience is more app-modern than Flatex's WebFiliale.
You want venue choice on each trade. justTRADE lets you pick LS Exchange, Quotrix, or Tradegate per order. Flatex smart-routes by default.
Taxes — DACH specifics
Germany — both steuereinfach. Flatex and justTRADE both withhold 25 % KESt + 5.5 % Soli + optional Kirchensteuer at source.
Austria — Flatex Austria is austriakonform; justTRADE is not. Flatex Österreich withholds Austrian 27.5 % KESt at source. justTRADE Austrian residents must self-report via Anlage E1kv.
Vorabpauschale 2026: Both apply Vorabpauschale automatically on January 2.
Quellensteuer on US dividends: Both file W-8BEN; the 15 % US withholding is creditable against German KESt automatically.
Eurex options: Flatex supports Eurex options (€20 000 Termingeschäft loss-cap applies). justTRADE does not offer options.
Crypto tax: justTRADE separates crypto sales cleanly in tax statements. Flatex doesn't offer spot crypto.
Cost example — €15 000 active investor over 10 years
Profile: 1 monthly ETF savings plan at €100, 6 manual orders/year at €1 000, average €5 000 idle EUR cash buffer.
| Item | Flatex | justTRADE |
|---|---|---|
| 120× savings-plan execution | €180 (€1.50 each) | €0 |
| 60× manual orders €1 000 | €396 (€5.90 + €0.70 each) | €0 (≥€500 threshold) |
| Cash interest (€5 k × 10 y) | €0 | €0 |
| Net 10-year cost | €576 | €0 |
justTRADE wins by €576 over 10 years for this profile, almost entirely from the commission gap on €1 000 orders. Flatex's case becomes economically competitive only when (a) you trade Austrian stocks (Wien direct), (b) you're an Austrian resident wanting austriakonform automatic withholding, or (c) you're an active Eurex options trader.
Verdict by investor profile
Active investor with €1 000+ orders
Pick: justTRADE. €0 commission is genuinely free on ≥€500 orders. Flatex's €5.90 minimum is structurally too expensive at this trading pattern.
Austrian tax resident
Pick: Flatex Austria. Austriakonform automatic withholding alone justifies the choice.
Wien-stock investor
Pick: Flatex. Direct Wien access is what justTRADE cannot offer.
Eurex options trader
Pick: Flatex. justTRADE does not offer options at all.
Crypto-curious investor
Pick: justTRADE. Native crypto in a BaFin-regulated account. Flatex lacks spot crypto.
Frequently Asked Questions
Answers to the most common questions about Flatex vs justTRADE.
For order fees, justTRADE leads at 0€ (min 500€ Ordervolumen), while Flatex charges 5.90€ + Börsengebühr. Note: with CFD brokers, spreads add hidden cost — the lower nominal price isn't always cheaper overall.
Flatex is regulated by BaFin / FMA, justTRADE by BaFin. Both fall under EU oversight. Deposit protection: Flatex 100.000€, justTRADE 100.000€.
For German/Austrian customers, language, BaFin regulation and tax-simple status often matter most. Check the 'Regulated by' and 'Languages' rows — DACH-focused brokers usually have the edge.
justTRADE offers free ETF savings plans from 25€. If a savings plan matters to you, that's a clear edge.
Both are covered under their home regulator's deposit protection. Flatex: 100.000€, justTRADE: 100.000€. Securities are held in segregated accounts and protected in case of broker insolvency.
Neither broker pays meaningful interest on uninvested cash. Look elsewhere if cash yield matters.
Both offer native mobile apps with good app-store ratings. Which is better depends on your needs — try both with a demo account if available.
A second broker makes sense when one offers features the other lacks (e.g. options, crypto, more exchanges). A full switch is only worth it if the cost difference or missing features are significant.
Ready to Get Started?
Sign up with the broker that fits your strategy. Both are regulated and offer a demo account to test risk-free.