According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- €0
- MarktInvestor pro
- S Broker Mobile App
- Up to 1:30 (for CFDs)
- Access to German and international exchanges, investment plans
Our Evaluation of S Broker
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
S Broker is a high-risk broker with the TU Overall Score of 2.43 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by S Broker clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Overall. S Broker provides access to a wide variety of markets and exchanges, appealing to both novice and experienced investors. The broker enables online trading through functional platforms, delivers professional market data, and is distinguished by a high level of reliability.
Brief Look at S Broker
S Broker, founded in 1999, is part of the Sparkassen-Finanzgruppe and has been a subsidiary of DekaBank Deutsche Girozentrale since 2016. It holds a license to conduct banking and investment services in accordance with German law, regulated by BaFin (Federal Financial Supervisory Authority), and provides a two-tier investor protection system. The broker offers a wide range of investment products, including stocks, bonds, ETFs, funds, certificates, ETPs, and CFDs. A web platform and mobile application are available for trading, providing convenient access to the markets. S Broker also offers investment and savings plans.
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- Regulated by BaFin and part of the German state deposit protection scheme.
- Offers a broad selection of investment products, including stocks, bonds, ETFs, CFDs, funds, certificates, and ETPs.
- Provides access to over 29 international exchanges and 17 over-the-counter trading venues.
- Offers a wide range of account types for various goals and investment horizons.
- Has a discount program for active traders.
- Allows account opening with no minimum deposit requirement.
- Offers a mobile app and web platform for convenient trading.
- High transaction fees compared to some other brokers.
- Platform interface may appear outdated to experienced traders.
- No 24/7 customer support.
TU Expert Advice
Financial expert and analyst at Traders Union
S Broker offers investment opportunities across various asset classes, including stocks, bonds, funds, derivatives, and more, through the user-friendly web platform MarktInvestor pro. This modern solution for online securities trading is available on both desktop and mobile devices. It provides convenient access to financial instruments, account management, and portfolio analysis. The platform supports various order types and is integrated with a secure TAN-code system for transaction confirmations. Functional mobile apps are also available.
The company provides access to a broad range of investment products, while also offering quality client support and advisory services. Additional features include tools for market analysis and portfolio management. Users can set up recurring investment plans and alerts about key events affecting their investments.
S Broker also offers market analysis and monitoring services. Clients receive up-to-date market data, including exchange rates and commodity prices. A security quote search function is available, with filters by exchange and asset type.
S Broker Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | MarktInvestor pro, S Broker Mobile App |
|---|---|
| 📊 Accounts: | Wertpapierdepot, CFD Konto, Young Invest, InvestmentClubDepot, Minderjährigendepot, Verrechnungskonto, Tagesgeld, Währungskonto |
| 💰 Account currency: | EUR, 17 currencies for Währungskonto |
| 💵 Deposit / Withdrawal: | Bank transfer |
| 🚀 Minimum deposit: | €0 |
| ⚖️ Leverage: | Up to 1:30 (for CFDs) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Not specified |
| 💱 EUR/USD spread: | From €3.99 per order, plus additional fees |
| 🔧 Instruments: | Stocks, ETFs, funds, leveraged products, cryptocurrencies (via ETPs), CFDs, investment certificates |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | N/A |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange execution |
| ⭐ Trading features: | Access to German and international exchanges, investment plans |
| 🎁 Contests and bonuses: | Yes |
S Broker offers access to all German and 29 international stock exchanges. The direct trading service allows clients to execute securities transactions directly through the broker’s partners, bypassing traditional exchanges for faster order execution and extended trading hours, including evenings and weekends.
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Trading Account Opening
To open an account with S Broker, register on its website by following these steps:
On the S Broker website, choose the account type and initiate the registration procedure.
Provide your email.
Fill out the form with your personal information and follow the on-screen instructions.
Regulation and safety
Information
S Broker (S Broker AG & Co. KG) is regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) in Germany and is also supervised by the ECB (European Central Bank). S Broker provides protection of client funds in two ways: cash held in accounts is protected up to €100,000 per client under the German Deposit Guarantee Act (Einlagensicherungsgesetz, EinSiG), and investments are protected up to 90% of the claim amount, but not exceeding €20,000 per client, according to the German Investor Compensation Act (Anlegerentschädigungsgesetz, AnlEntG).
Advantages
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Reliable supervision by BaFin and the ECB
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Additional protection through the Sparkassen-Finanzgruppe security system
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Segregation of client funds
Disadvantages
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Maximum compensation amount is limited
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Compensation process may be lengthy
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| All account types | €3.99 + additional fees | Bank commission |
The broker charges 5.90% per annum on margin loans secured by securities (effective rate — 6.03% per annum). No additional fees are charged for processing or granting the loan. The commission for a €1,000 trade through the S Broker mobile app on German exchanges is €5.47 (~$6.22), which is higher than that of Forex brokers due to market structure specifics. In the table below, Traders Union analysts also compared average commissions of S Broker, RoboForex, and Pocket Option.
| Broker | Average commission | Level |
|---|---|---|
|
$6.22 | |
|
$2 | |
|
$1 |
Account types
S Broker offers a range of account types tailored to meet the needs of various categories of investors. Each account has specific terms and conditions.
Deposit and withdrawal
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Withdrawal method: Bank transfer from the Verrechnungskonto (internal settlement account) to the Referenzkonto (verified personal bank account).
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Processing time: If the withdrawal request is received by 3 p.m. CET on a business day, the funds will be credited to the recipient’s account no later than the end of the next business day.
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Fees: Transfers from the Verrechnungskonto to the Referenzkonto are free.
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Limitations: Withdrawals are only possible to a previously specified Referenzkonto registered in the name of the account holder.
Investment Options
S Broker offers access to the following investment instruments:
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Auszahlplan Allows investors to receive regular payouts by partially selling assets (funds, ETFs, stocks, and certificates), starting with a €10,000 investment amount and a minimum €50 monthly payout. The service offers flexible conditions and can be tailored to meet individual financial goals.
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Einmalanlage An investment strategy where clients place a one-time sum into securities such as stocks, funds, or certificates. This option is suitable for investors seeking medium- or long-term investments. It enables flexible portfolio construction based on individual financial goals and preferences.
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Savings plans S Broker allows clients to invest small amounts regularly (starting from €20) in various financial instruments through investment plans. This enables gradual capital growth by leveraging long-term investing and the cost averaging effect.
S Broker’s partnership program
S Broker rewards existing clients for referring new users through its referral program.
Participation terms:
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Referring clients can earn rewards for up to five successful referrals (new clients who haven’t had an S Broker account in the 12 months).
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For a successful referral, the new client must reside in Germany, open an account, and actively use it for at least three months.
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Referring clients can choose a €50 trading credit or a selection of prizes as a reward.
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Referring clients receive €150 if their referred client completes over 25 trades within the first three months.
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To participate, submit the completed invitation form with the account opening documents.
Customer support
Customer support at S Broker is available by phone Monday through Friday from 8 a.m. to 11 p.m., and on Saturday and Sunday from 10 a.m. to 7 p.m. (GMT+2).
Advantages
- Chatbot on the website
- Separate phone numbers for different trader categories
Disadvantages
- Only registered clients can contact support
Available communication channels:
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Email;
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Chat on the trading platform;
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Phone
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Feedback on broker’s website.
Contacts
| Registration address | Carl-Bosch-Straße 10, 65203 Wiesbaden, Germany |
|---|---|
| Regulation | BaFin |
| Official site | https://www.sbroker.de/ |
| Contacts |
0611 2044-1912, 0611 2044-1911
|
Education
S Broker provides various educational materials for both beginner and experienced investors. Clients can access the free börsenfit platform, video tutorials, webinars, and downloadable e-books. These resources cover topics from stock market basics to advanced trading strategies and analysis.
S Broker provides extensive resources for self-education in investing and trading, particularly useful for beginner investors.
Detailed review of S Broker
S Broker partners with several issuers for direct trading, including HSBC, Société Générale, UBS, and Vontobel. This cooperation allows clients to execute trades directly with these issuers, offering more flexible trading conditions and access to a wide range of investment products. S Broker provides access to various analytical and informational services, news, official company announcements, subscription-based stock exchange newsletters, and a calendar of key financial events. Advanced analysis and stock monitoring tools are available for experienced traders.
S Broker by the numbers:
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Founded in 1999
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Part of DekaBank Deutsche Girozentrale since June 2016
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Deposit coverage of up to €100,000
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More than 740,000 instruments, including 8,300 funds
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Commission-free trading available from €0 per order
S Broker is a broker with credit lines and discounts for active investors
S Broker provides clients with credit lines of up to 75% of the collateral value of their securities, starting from a minimum deposit of €10,000. Interest is charged only on the actual amount used. To apply for credit, clients must have an internal settlement account (Verrechnungskonto) and prove a regular income. The credit option is not available for corporate accounts and cannot be used for CFD trading.
Active traders at S Broker can take advantage of the Top Trader Lounge program, which offers discounts on trading commissions. The discount is based on the number of trades executed in the past 12 months and can reach up to 80%. The minimum threshold to qualify is 100 trades per year, which grants a 10% discount.
The discount increases as follows:
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20% for 250 trades
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30% for 500 trades
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50% for 1,000 trades
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65% for 2,500 trades
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80% for 5,000 trades
Useful services offered by S Broker:
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Indices and quote lists: Information on current values of various stock indices and shares, including charts and additional data
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Analyst recommendations: Independent expert advice based on the latest evaluations and forecasts for different securities
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Technical analysis: Market overviews and chart analyses of stocks, including historical reviews and future projections
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Training portfolio: A virtual portfolio feature that allows users to test investment strategies without risking real capital
Advantages:
Analytical tools and market information, educational materials, and support for beginner investors
Negative balance protection for retail investors
Access to IPOs and new share issues
Support for various order types, including Market, Limit, Stop, and others
Integration with other Sparkassen-Finanzgruppe products
S Broker provides access to more than 6,000 investment plans, including free ETF plans, and offers cryptocurrency trading through ETPs.
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