Neobroker
An online broker that offers securities trading mainly via an app at very low fees.
Neobrokers are newer providers that move the brokerage account almost entirely onto your phone. Typical features are low or zero order fees, free savings plans and a streamlined app.
Low prices are possible because neobrokers run lean and often offer only a few trading venues, where spreads can be slightly wider. Payments from trading venues for routing orders to them (payment for order flow) have been banned in the EU since July 2026.
When comparing, look at: trading venues, savings plan range, third-party fees, interest on cash, and whether the provider withholds German taxes automatically. Not all foreign providers do, which means extra work in your tax return.