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Consorsbank Review & Rating [yyyy]

Consorsbank Review & Rating 2023

Consorsbank is one of the leading direct banks for a long time in European countries and has been providing services to traders in more than 100 countries. Is Consorsbank a safe platform? You might be surprised, the company is currently serving more than 1,500,000 traders.

In this review of Consorsbank, we will show you all the details you need to know about Consorsbank.

Is it really worth investing your money there? – Find out in our Consorsbank broker review. Learn about the trading conditions, platforms, and special features for customers. With more than 20 years of experience in the trading industry, we checked all that Consorsbank offers to clients to be successful in the world of forex and commodity trading. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.



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Consorsbank, which previously operated under the name Cortal Consors, belongs to BNP Paribas and is one of the leading online brokers in Europe. Consorsbank was founded in 1994 and has been operating under the name Cortal Consors since it was taken over by BNP Paribas and merged with its subsidiary Cortal.

Since December 2014 the new name is Consorsbank. In the past, Consorsbank has always revitalized online brokerage with new ideas and innovative trading platforms. In addition to the brokerage offer, the Consorsbank now also offers many services of a full bank with overnight money and fixed-term deposits for customers.

In addition to securities trading, the product range also offers fixed-term deposits, current accounts and call money accounts; In addition, personal investment advice is available in the Finance Lounge in Nuremberg. With its brokerage offer, Consorsbank is primarily aimed at traders who want to make their investment decisions independently. In the case of more complicated decisions, financial experts are available to the customer who supports the investor with all questions.

Advantages and disadvantages of Consorsbank


  • Experience for over 20 years
  • Trading on over 30 stock exchanges worldwide
  • Free watchlist and real-time quotes
  • Securities trading via the "ActiveTrader"
  • Mobile trading via iOS and Android
  • Free depot management
  • €3.95 per trade for 12 months with the trader account
  • CFD trading with no obligation to make additional payments
  • Innovative support offer


  • Trading on world exchanges without a maximum limit

The most important facts about Consorsbank

  • EU headquarters and regulation: BNP Paribas is headquartered in Paris, BNP Paribas SA Germany branch is based in Nuremberg Regulation in Germany by BaFin, in France by Banque de France and Autorité des marchés financiers
  • Minimum deposit: No
  • German-speaking support: Live chat, email, telephone, personal advice
  • Educational offer: Webinars, Seminars, FAQ, Blog and Community
  • Demo account: Consorsbank demo account is available to get to know online banking functions - transactions cannot be carried out like with a sample deposit
  • Available commodities: Stocks, bonds, certificates, CFDs, currencies, Futurex, options and funds
  • Domestic order fees: €3.95 + 0.25% commission (min. €9.95, max. €69)
  • Order fees abroad: €19.95 on US stock exchanges + 0.25% commission (min. €24.95, max. €69) €49.95 on world stock exchanges + 0.25% commission (min. €54.95, no Maximum)
  • Trading platform: ActiveTrader trading platform, mobile trading via the Consorsbank app for iOS and Android
  • Account types: Customers trade via securities account or trader account

This Consorsbank broker review should serve more than just proving that this market-maker-type broker is no scam. It shall help guide those unsure of navigating the diverse Forex market.


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Is Consorsbank safe? As far as deposit insurance is concerned, we can say yes. With Consorsbank, customer deposits are protected both by law and by the voluntary deposit protection fund.

However, due to the fact that Consorsbank is part of BNP Paribas, the investor may also have to turn to the French deposit protection fund. This can possibly be more complex than with a German provider.

The protection of the trade front ends is available with all providers, here too there is a tie.

Trading Platform

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In this review, we were able to establish that clients of this broker can trade via several trading platforms that allow clients to trade forex as well as other asset classes:

Future Trader

The futures trading at Consorsbank offers a free trading platform with the Future Trader. The courses are displayed with a 15-minute delay, but real-time pull courses are also possible for an additional charge of €15 per month.

In the JAVA version, push updates of prices and market depth for futures for € 14 and charts for options and futures for €29 are also possible. With the help of one-click trading, fast order placement is guaranteed. A session TAN prevents the annoying request for new TANs for transactions.

Active Trader

The Active Trader of the certificate broker Consorsbank is a free trading tool that offers professional functions. This trading software includes one-click trading, push rates and charts. The surface can be customized to a large extent. In the current version, the design for the ActiveTrader and the chart module has been redesigned. The Active Trader can be used with Windows, Mac OS X, Linux and portable as a web version.

For Consorsbank customers, the use of Active Trader and the real-time rates for Stuttgart, Tradegate and the external exchange partners are free of charge. You can switch directly to the Consorsbank FuturesTrader without logging in again.

The ActiveTrader Pro has a few more functions to offer for those for whom the range of functions of the ActiveTrader is no longer sufficient.

Premium Trader

With the Premium Trader of Consorsbank, customers can use a complex trading platform that enables them to trade professionally on the stock exchange and over the counter. Since the trading software is made up of modules, customers can put together the platform according to their individual needs.

Traders have a direct connection to real-time prices and can use professional charting with 15 display types and over 70 indicators to participate in market events. Direct over-the-counter trading takes place with over 20 well-known issuers. Short sales can be made intraday as well as overnight.

Anyone who does not want to forego a look at their order data while on the move can use the Consorsbank iPad app to acquire all the information they need and plan how to proceed.

Mobile platform

Consorsbank has had new apps for smartphones and tablet PCs since the end of 2014. Customers can view their deposits and accounts at any time, regardless of location, or make transfers from the sofa at home. Customers of Consorsbank can trade securities directly with the iPad and take control of their finances from anywhere in the world with the account/custody account overview.

Price and market information can easily be called up in order to maintain the virtual depot in the form of a detailed watchlist. Current business news in text, video and podcast form are available to interested parties.

The Consorsbank app enables customers to use mobile banking and trading so that they can always keep an eye on finances and developments on the stock exchange. The Consorsbank app for Android, iPhone and iPad makes mobile banking possible at a high level.

This makes the application a modern addition to Consorsbank ActiveTrader Pro and Consorsbank's PremiumTrader.

Account Types

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The website does not give any more information regarding the Forex account types available and its possible features.

How to open an account

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

Demo account

Consorsbank offers a demo account with limited functions for informational purposes only. You can get to know some of the functions of online banking, look at accounts and custody accounts and follow the development of the custody account. Real transactions for test purposes like in a sample portfolio are not possible.

The demo account enables the viewing of account and securities account views per owner, account postings, inventory and performance in the securities account as well as online archive (account statements, securities purchases, dividends, etc. in a list). Consorsbank customers only gain experience with the custody account after opening the custody account and then in the later course and trading of securities you can collect.

However, this also means that clients of Consorsbank, unfortunately, cannot benefit from the three greatest advantages of a model portfolio:

  • Beginners can collect their first steps in securities trading risk-free
  • Advanced traders can test different trading strategies without real losses
  • Professionals can put new trading platforms to the test without depositing real money

Consorsbank offers its customers a demo account, but this can be used to gain experience in online banking with Consorsbank. Since trading is not dealt with in particular here or even cannot be tested, new customers cannot benefit from the three great advantages of such a model portfolio, which appeal to beginners as well as advanced users and professionals.


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Cryptocurrencies are said to have the potential to fundamentally change the global financial market. However, direct trading via Consorsbank for cryptocurrencies poses challenges for many investors and traders. Because the investor is responsible for the procurement, safe custody and tax treatment.

Alternatively, potential investors can invest in so-called Exchange Traded Products (ETPs) with Consorsbank. These securities reflect the price development of the cryptocurrencies almost exactly and - like stocks and ETFs - are traded directly on the stock exchange.


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Consorsbank trading offer comprises 9 German stock exchanges as well as 22 foreign stock exchanges and 21 trading partners in over-the-counter direct trading.

When trading German shares, CONSORSBANK charges the following fees: Base commission of EUR 4.95 Plus 0.25% of the transaction volume (at least EUR 5.00, maximum EUR 69.00) plus a trading-based fee Plus, an offline processing fee of EUR 14.95 (for when placing an order by fax, phone, or letter).

When trading foreign shares, CONSORSBANK charges the following volume-based fees: Fixed fee depending on the stock exchange. Plus 0.25% of the transaction volume Plus, any applicable external fees (e.g. stamp duty, also known as stamp duty or certificate tax) Plus, an offline processing fee of 14.95 euros.

Securities can be traded for as little as €4.95 plus stock exchange costs. In a separate area, Consorsbank also offers analysts' opinions on individual values, current chart analyses, securities comparison, and interactive charts.

In order to enable customers to trade more effectively by regularly adjusting stops, this online broker does not charge a fee for order changes. With SmartStops, investors also have a tool available that generates stop-loss signals for around 500 stocks on the basis of historical price data.

Deposits and Withdrawals

Consorsbank does not require any minimum initial deposit to open an account and apart from the ordinary wire or bank transfers, it is also not clear what kind of payment methods are allowed to fund accounts or make withdrawals.

Usually, withdrawals take a few days but depending on bank services it may take several days longer for the money to be available in a customer's bank account.

Customer Support

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Consorsbank offers a fair trading environment for all types of traders. Based on Consorsbank opinions, this broker has first-class customer service.

At its headquarters in Nuremberg, Consorsbank offers customers support in the company premises if required. Everyone is cordially invited. Customer service hours Mon-Fri from 9 a.m. to 8 p.m. for personal advice on planning your pension and assets.

The broker ensures availability and support several times - on trading days, weekdays and around the clock. Live chat is available for questions and problemsion all trading days, Mon-Fri from 9 a.m. to 8 p.m. With the e-mail function, contact is possible around the clock. The broker promises to reply to messages within 48 hours. There is a German customer support hotline every weekday with Nuremberg landline code 0911 / 369-30 00. Support is available Mon to Sun from 7:00 a.m. to 10:30 p.m.

It also includes the company's educational offering not only FAQs and written guidelines, but also informative webinars and seminars as well as a blog and a lively community in which the company's customers can exchange ideas if necessary.

The Consorsbank primarily offers personal advice in the company's Nuremberg premises free of charge, but customers can also contact the company by email, phone or live chat or use its extensive educational offer, which in addition to FAQ and written information also includes webinars, seminars, includes a blog and a lively community.


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Before choosing a brokerage company for your trading needs, a potential trader needs to find the answer to questions such as is Consorsbank a regulated broker? Has there been reports of the Consorsbank scam?

An established broker like Consorsbank is safe and secure to trade with. One of the most reliable benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watching and overseeing its actions and whether the company complies with those regulations.

We must state in our Consorsbank broker review that Consorsbank is subject to the strict regulation of the Federal Financial Supervisory Authority (BaFin) and is a member of the compensation scheme of German banks and a deposit guarantee fund.

Unlike some forex brokers, customer deposits at Consorsbank are thus protected up to an amount of EUR 100 000 and through the German Deposit Protection Fund, customer trading funds are secured with 120 million EUR per customer.


Is Consorsbank a recommended forex trading broker? To conclude this review, we can say this German broker is well positioned due to the competitive fees for Forex and CFDs trading, a variety of trading tools and a range of global financial markets.

Is Consorsbank good? Overall, in our review of Consorsbank, this online broker has shown convincing experience, especially in the areas of securities trading and custody business, which suggests that you can do good business with Consorsbank. Trading is possible via the Consorsbank on over 30 stock exchanges worldwide. There are over 1,250 tradable CFDs available for this purpose. Traders can benefit from a free watchlist that comes with practical settings.

When trading CFDs, the obligation to make additional payments is a relevant aspect that traders should be aware of. Consorsbank's offer here includes CFD trading without an obligation to make additional payments. In addition, it should be noted that there is no upper fee limit shown on the world exchanges. The range of services also includes over-the-counter trading, which is not only advantageous because of the longer trading hours.

Reviewed By

Financial Market Analyst
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