There were favorite victories, but also real surprises!
In particular, the new generation of brokers entering the brokerage market with disruptive business and billing models is causing a stir:
Trade Republic, justTRADE, Free broker and Smartbroker were able to achieve several top positions and show that the German brokerage market is undergoing a major upheaval.
In the main category "Online Broker of the Year 2020"However, one of the established players was able to prevail - the comdirect won the title for the third time in a row!
The eternal competitor from Nuremberg, the Consorsbank, was able to maintain second place just behind it.
With a slightly larger gap behind this duo, the young fintech Trade Republic won third place for itself.
Following at a slight distance here are fourth-placed Degiro, flatex, DKB, S Broker and smart brokers.
In the category "ETF Broker of the Year 2020"Then there was the first big surprise.
Trade Republic from Berlin was able to win this title clearly ahead of DKB and flatex right at the first broker election participation.
Newcomer justTRADE narrowly misses out on the podium in fourth place, but left established brokers such as Onvista Bank, S Broker, maxblue and Netbank behind it.
In the election for the "Daytrade Broker of the Year 2020"As in the previous year, the winner was Degiro.
However, the next two places are occupied by two disruptive brokers: justTRADE in second place and Gratisbroker in third place. The still leading broker in this category in the all-time comparison ViTrade had to settle for fourth place.
In the category "Futures Broker of the Year 2020" secured for the second time WH SelfInvest the title.
As in the previous year, Lynx was the second winner here, ahead of Degiro and Tradovate.
“CFD Broker of the Year 2020" was Admiral Markets.
The Berlin broker was able to win this title for the second time, beating WH SelfInvest and CMC Markets to the top.
Fourth place went to IG Europe, ahead of Sparkassen Broker.
The very rapid penetration of new brokers into the top group shows how dynamic the German brokerage market is.
Due to the Corona crisis, the change in market shares could accelerate again.
And the question of which city is THE financial metropolis in Germany could also get a new answer in the future:
The former financial metropolis Frankfurt am Main is getting more and more competition from Berlin.
7 of the 18 medals went to Frankfurt this year, but Berlin follows directly behind with 6 medals. The gap is narrowing and who will be ahead in 2021 is far from decided!
In the coming weeks, Broker-Test.de, the organizer of the Broker of the Year election, will present these new brokers and compare them with the established brokers.
The complete winner lists of the 6 categories Online Broker, Daytrade Broker, ETF Broker, Futures Broker, CFD Broker and Forex Broker can be found here:
Broker election 2021: the already 21st edition of the election for Broker of the Year, which took place from 01 March to 31 March 2021 at www.brokerwahl.de, has been decided. comdirect defends title as Online Broker of the Year Traders and investors were able to vote for their favorite broker in a total of 6 categories Record participation: over 98,000 participants voted for the best brokers DEGIRO [...]
In a comparison of comparison portals (sic!), Broker-Test.de is clearly ahead of other broker comparison portals. Especially in the last 18 months, Broker-Test.de was able to continuously increase visibility and reach. Whereby the visibility is a relative value and an increase of the visibility always goes at the expense of competitors. Thus, competitors can nevertheless achieve more reach than in the previous year while visibility is decreasing [...].
From June 22-24, 2019, the largest WordCamp to date (worldwide!) took place in Berlin at the Estrel Congress Center.
In addition to current and high-quality technical presentations, interesting exhibitors (including our technology partners from Raidboxes, WPMU DEV, TMS, etc.), there were also a number of interesting events. For example ...
The Broker-Test Order Fees Index (BOI) rose by 2.08 points in June compared to the previous month to a value of 73.25 points. The reason for this was a renewed increase in order fees at Postbank as of May 20, 2019 by up to 50% in some cases, as well as an increase in the order commission for the Freebuy Depot of ...
Already for the 19th time, the election for Broker of the Year took place at www.brokerwahl.de. In the period from 01 to 28 March 2019, traders could vote for their favorite broker in 6 categories. A total of almost 36,000 traders (previous year 33,000) took part in the broker election 2019. Compared to 2018, there were ...
The election for Broker of the Year 2018 is over. A total of over 33,000 traders voted for their favorite broker. In the main category Online Broker of the Year 2018, comdirect was able to reclaim the title from last year's winner Consorsbank, while Degiro was able to defend its 3rd place from 2017. Although Consorsbank lost this important title, the broker from Nuremberg was able to [...]
The election for Broker of the Year 2017 has been decided. More than 39,000 traders voted for their favorite broker. The election, in which investors could cast their vote for the best broker from March 1 to March 30 on www.brokerwahl.de, was held for the 17th time and is thus considered the seal of quality in the German brokerage market. In total, traders were able to [...]
The election for Broker of the Year 2017, which started on March 01 at www.brokerwahl.de, is entering its final phase. Until March 30, 2017, traders can vote for their favorite broker and win valuable prizes. Voting is possible in the following 6 categories: Online Broker Daytrade Broker CFD Broker Forex Broker Futures Broker Funds & Certificates Broker Anyone who has a securities account [...]
As every year, the election for Broker of the Year 2017 takes place at www.brokerwahl.de and ends on March 30, 2017. Voting is possible in the following 6 categories: Online Broker Daytrade Broker CFD Broker Forex Broker Futures Broker Funds & Certificates Broker Anyone who manages a securities account can participate in the broker election and choose their personal favorite broker. [...]
The Broker-Test Order Fees Index has been subject to only minor fluctuations so far in 2016. Due to slight changes in the fee structure of Directa, but especially due to the takeover of DAB Bank by Consorsbank, there was a significant change in the index. DAB Bank, which acted as a full-service direct bank and broker in one, tended to be one of the [...]