Traders Place
Experiences, reviews and information about the provider
Details
Pros
- Account and depot management via the established Baader Bank
- Low order fees and free ETF savings plans
- German securities institution under BaFin supervision
- Automatic payment of German flat-rate withholding tax (Abgeltungsteuer)
Cons
- No banking licence of its own, deposit protection runs through the partner bank
- Young provider with comparatively low name recognition
- Limited choice of trading venues
- No branch or advisory offer
Fact sheet: Traders Place
| Company name | Traders Place |
| Founded | 2023 |
| Headquarters | Freilassing |
| Country | 🇩🇪 Germany |
| Type | neobroker |
| Website | tradersplace.de * |
About Traders Place
Traders Place GmbH & Co. KGaA, based on Sägewerkstraße in Freilassing (Traunstein local court, HRB 31263), has been in the German market since August 2023 and is run by Ernst Huber and Paul Reitinger; Christian Jauk sits on the supervisory board. Traders Place operates as a securities institution (Wertpapierinstitut) under German BaFin supervision (BaFin is the German financial regulator) but has no banking licence of its own. Account and depot management are therefore handled by Baader Bank AG of Unterschleißheim: balances in the settlement account held there are protected by law up to €100,000 through the Entschädigungseinrichtung deutscher Banken (the German statutory deposit guarantee scheme), and beyond that the voluntary deposit protection fund of the Bundesverband deutscher Banken applies. Securities in the depot are customer property or segregated assets and are therefore unaffected by an insolvency of the broker or custodian bank. Shares, ETFs, funds, bonds and derivatives are traded, supplemented by free savings plans.
Special features
- Entered the market in August 2023 with know-how from Austria
- Led by Ernst Huber, previously at DADAT Bank among others
- Custodian bank Baader Bank AG with statutory deposit protection up to €100,000
- Additional voluntary deposit protection fund of the Bundesverband deutscher Banken via Baader Bank
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