Forex Consorsbank Trading Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.6

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.8

Business 1.1

Risk Control 1.4

Software 2.1

Regulatory 1.6

Terminal Snapshot

Consorsbank Trading Conditions

Registered Region Germany

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email kundenbetreuung@consorsbank.de

Contact Number +4909113693000

Website www.consorsbank.de

Balanced Review

Pros & Cons

Pros

Diverse range of investment products including forex and commodities
User-friendly mobile app for convenient trading
Customer support available Monday to Sunday
Multiple account types catering to beginners and experienced traders
Access to advanced trading platforms like MT4 and MT5

Cons

No regulation or oversight from recognized financial authorities
Lack of investor protection measures for client funds
Limited selection of trading instruments compared to major brokers
No advanced educational resources or tutorials available
Potential withdrawal fees and inactivity fees may apply

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Consorsbank	FXFlat	WH Selfinvest	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Germany	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.6/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Consorsbank Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners and experienced traders	Access to a wide range of investment products	Suitable for individual traders looking to explore different markets
Professional Account	Experienced traders	Potential for advanced features and lower spreads	May require proof of trading experience or volume
Corporate Account	Corporate clients	Customized services for business trading needs	Requires corporate documentation for setup
Demo Account	New traders	Practice trading without financial risk	Ideal for testing the trading platform and strategies

Account Opening Process

To open an account with Consorsbank, prospective clients must submit personal, employment, and financial information. The process includes identity verification, requiring a valid ID and proof of address. Consorsbank allows account flexibility, meaning clients can upgrade to a professional account later if they meet the necessary criteria.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	Varies	Market-dependent spreads
CFDs (Stocks)	Varies	Varies	Dependent on specific stocks
CFDs (Indices)	Varies	Varies	Market-dependent spreads
CFDs (Commodities)	Varies	Varies	Market-dependent spreads
Cryptocurrencies	Varies	Varies	Dependent on market conditions

Other Fees

Consorsbank may charge various fees, including deposit and withdrawal fees, inactivity fees, and potential fees for platform usage. Additionally, there may be overnight interest (swap rates) applicable to certain positions, as well as currency conversion fees when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Consorsbank User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Markus Schmidt

Berlin

★ ★ ★ ★ ★

I faced significant issues with withdrawals. It took days for my funds to process, and customer support was not helpful. They seemed overwhelmed and gave me vague responses without a clear timeline for when I could expect my money. Very disappointing experience overall.

Anna Müller

Munich

★ ★ ★ ★ ★

I enjoy using the mobile app for trading. It’s user-friendly and offers a good range of investment products. The speed of executing trades has been quite satisfactory, and I’ve found the overall experience to be positive, although I wish there were more educational resources available.

Thomas Becker

Frankfurt

★ ★ ★ ★ ★

I have been trying to access my account for weeks due to a technical issue. Customer support has been unresponsive, and I’m left without access to my funds. This lack of service and support is unacceptable. I regret choosing Consorsbank.

Lisa Fischer

Hamburg

★ ★ ★ ★ ★

Consorsbank has been a great platform for my investments. The variety of products available is impressive, and the app makes trading convenient. I’ve had no issues with customer service, and they are always available when I need assistance. Highly recommend!

Germany Market