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Overall Rating
Sparkassen Broker Review & Rating [yyyy]

Sparkassen Broker Review & Rating 2023

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Is Sparkassen safe? When looking for an online forex broker, traders should pay attention to safety and reliability in addition to favorable conditions. In this regard, Sparkassen can score in several ways.

The German Savings Banks Association is behind the broker, which offers traders a high level of security. In addition, the broker, based in Wiesbaden, is also regulated. These are important criteria for ensuring that no rip-offs or fraud are to be expected with the Sparkassen broker.

Before you open an account with this broker, you should find out about the broker's fees and conditions. In this Sparkassen broker review, you will find the most important information about the costs and fees at SBroker. You will also find out what makes the broker stand out. This enables you to make a well-thought-out decision and find a broker that fully suits your needs.


Trading Platform
Account Types
Customer Support


7 /10

Sparkassen or SBroker acts as a savings bank broker for the Sparkassen-Finanzgruppe and at the same time is their joint online broker. In 1999 the company was founded as Pulsiv AG and at that time still belonged to the private bank HSBC Trinkaus. In 2001, the broker was taken over by the savings bank organization and has served over 150,000 customers since then.

Sparkassen or SBroker was founded in 1999 under the name Pulsiv AG. The broker, which belongs to the Sparkassen Finanzgruppe, has more than 20 years of experience. In 2001, the broker was taken over by the savings bank organization and has served over 150,000 customers since then.

With Sparkassen, investors can trade numerous types of securities, such as stocks, ETFs, investment funds, bonds, certificates, warrants, ETCs and CFDs.

Sparkassen combines the expertise of the savings banks as one of the largest financial service providers in Germany with a comprehensive range that is particularly interesting for traders.


  • Security through many years of experience in the financial sector
  • Connected to the security system of the Sparkassen Finanzgruppe
  • Good customer service
  • Wide range of securities


  • Custody account management fees for a custody account of less than EUR 10,000
  • High order fees when trading securities
  • Execution of savings plan associated with fees
  • Discounts only apply to a large number of trades


7 /10

As a member of the Sparkassen Group, the online broker is protected by the statutory German deposit protection law. Thus, the customer is entitled to a reimbursement of up to 100,000 euros according to the Deposit Protection Act (EinSiG).

Trading Platform

7 /10

Sparkassen offers its customers trading via the web trading platform. Alternatively, the professional broker program MarktInvestor Pro can be used. The professional trading software MarktInvestor is geared towards fast transactions and extensive market information in real time. The integrated chart analysis tool, in combination with various data packages, ensures that the trader always has access to the latest market data.

Market depth analyses, arbitrage lists and professional order functions are integrated, through which even complex order situations can be kept in view.

These extensive functions for the Sparkasse broker come at a price, however, because a license payment of 39.95 euros per month is generally required for using the MarktInvestor Pro, which is credited as an order credit. There are no additional costs for the basic package. This offers access to available issuers and direct trading partners, Börse Frankfurt certificates and funds as well as Prime and Select Binds, Börse Stuttgart, Deutsche Börse Customized and Focus indices, as well as selected raw materials, currencies and interest rates. The professional package costs EUR 24.95 per month, and it also includes access to level 1 of the cash market, the regional exchanges and the Deutsche Börse index & Xetra ETF.

Sparkassen Mobile App

To be successful in securities trading, a professional trading software is necessary. Sparkassen has also made it possible for investors to conveniently carry out transactions such as the creation of ETF savings plans via smartphone app.

The Sparkassen  Mobile App is available in the app stores for iPhone, iPad and Android smartphones and offers current market data, news, price information as well as portfolio management and personal watch lists. If you are a subscriber to MarktInvestor Pro, you can transfer the course packages to the S Broker app. But even without the market investor's subscription, the real-time indications of some issuers can be called up via the Sparkassen Mobile App.

Account Types

7 /10

SBroker provides three different account types, which are tailored to the specific needs of various trading styles and strategies.

Clearing Account

To open a clearing account, a settlement account in euros is required to process domestic and foreign securities transactions. This account comes with the following advantages:

  • Conclusion of an independent online clearing account for your entire securities business.
  • Daily availability, also across the entire balance.
  • Possibility to open additional currency accounts or an overnight account “KontoPlus”.
  • For security reasons, payment is only made to a predetermined reference account at your house bank.

KontoPlus Account

The “KontoPlus” is essentially a money account that presents the ideal addition to easy online deposits. The KontoPlus Account includes the following aspects and features:

  • The interest rate is variable, currently, the interest rate is 0.00%. SBroker is entitled to change the interest rate at its reasonable discretion (§ 315 BGB).
  • The credit on the AccountPlus has daily availability.
  • The interest is settled quarterly.
  • The credit can be used at any time by transfer to the clearing account. Transfers after 3 p.m. are booked immediately, but with the value date of the following bank working day.
  • KontoPlus cannot be opened in connection with a company custody account (except investment clubs).
  • SBroker reserves the right to refuse to open an Account Plus in individual cases.

Currency Account

With currency accounts, you can carry out securities transactions in the home currency of the respective foreign stock exchange.

Due to the daily availability of your money in the currency accounts, you can specifically use currency fluctuations for yourself, and therefore this account would be ideally suited for Forex traders.

Foreign securities can be distributed directly to your currency accounts. A currency conversion then does not take place. The Currency Account includes the following features:

  • Currency accounts in the US, Hong Kong, Canadian, New Zealand, and Australian dollars, British pounds, Swiss francs, South African rand, Polish zloty, Norwegian and Swedish krona, Japanese yen, and Turkish lira.
  • Free account management for all currency accounts.
  • Foreign transactions are converted at the exchange rate or exchange rate.
  • Since all transactions at SBroker are settled in euros, you can of course trade foreign securities without currency accounts.
  • The currency account can only be managed in connection with an existing securities account and clearing account with the SBroker.

Deposits and Withdrawals

SBroker does not appear to have a minimum deposit requirement unless clients take advantage of the broker’s payment plan, which will be discussed in more detail below.

While the broker does not indicate the accepted deposit and withdrawal options, it can be assumed that it will make use of the most common methods, which include bank wire transfers and debit or credit cards.

SBroker does not appear to accept e-payments, such as Neteller or Skrill, which many other brokers do for their fast processing and lower costs to clients.


7 /10

The Maintenance Fee of S Brokers is €11.97 per quarter, which added up to €47.88 per year. However, this does not apply to an asset of €10,000.

In addition, there is an order fee per transaction with a fixed deposit of €4.99 plus 0.25% of the order value, whereby the minimum fee is € 8.99 and the maximum fee is €54.99.

The traders also have to pay a settlement fee of €0.49 and a trading venue fee, which is €0.99 in Germany, €14.99 abroad and €0.49 for direct trading.

A savings plan execution is estimated at 2.5% of the savings rate, as is the execution of a disbursement plan.

Capital measures, the exercise of warrants, conversion rights and certificates will be charged with €10.

An effective delivery of securities and precious metals is charged with a fee of €58.

Customer Support

7 /10

The important point to discuss in this Sparkassen review is customer support. Should you have any complaints or inquiries, how can you contact this broker?

You can reach Sparkassen via telephone, e-mail, and live chat 24/5. It should be noted that being able to be reached by telephone is of course particularly important for customers.

It is worthy of note that since Sparkassen has a branch in Germany, the support is one of the best for German traders as you can have a personal conversation with a customer representative in a branch (by appointment).

Because in this way you can get an answer to your question or a solution to your problem relatively quickly. The quick accessibility as well as the fact that the employees are thoroughly competent, which is also proven by our personal experience with Sparkassen broker, allows a positive S Broker rating in the end.

Please note that the telephone customer service is available from Monday to Friday, from 8 a.m. to 11 p.m. The hotline is manned between 10 a.m. and 7 p.m. on weekends.


7 /10

Is Sparkassen legit? Sparkassen is a banking institution licensed by Germany's Federal Financial Supervisory Authority (BaFin). So if you were wondering, is Sparkassen a safe platform? Worry no more. This Sparkassen review also reveals that the European Central Bank (ECB) is indirectly responsible for the provider due to the fact that Sparkassen belongs to the financial group of the savings banks.

There are also no Sparkassen opinions on the Internet that deal with the Sparkassen scam. So Sparkassen is reputable and cannot be doubted anywhere.


The fact that this Sparkassen review is positive in the end may not come as a big surprise at this point. There are no negative Sparkassen opinions out there or Sparkassen scam reports.

Thus, Sparkassen reliability needs not to be questioned. Sparkassen fees are fair and the website is easy to understand and is customer- and user-friendly.

So if you come to the conclusion after reading this Sparkassen review that this broker fulfills your own expectations, do not hesitate to open an account and start trading.

Reviewed By

Financial Market Analyst
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