In times when interest rates are extremely low and in some cases already negative, trading in securities such as shares, bonds or funds promises attractive profits. But the prerequisite for being able to buy and sell securities is a securities account. We explain to you what is important for a securities account, how you can find the best securities account in the securities account comparison and how you can easily open a new securities account.

What is a securities account?

A current account is not enough to buy and sell securities. Trading in securities is only possible via a custody account or securities account. In a securities account you manage your securities and have an overview of all the securities you have bought and sold. You can buy and sell securities via different trading centres. The bank books the purchased securities in your securities account and offsets the profits (or losses) via a clearing account.

Custody accounts are offered by branch and direct banks. You can also open an online securities account with an online broker.

Since securities trading has shifted more and more to the internet in recent years, many of the very good securities accounts can be found at direct banks and online brokers. In addition, online securities accounts at direct banks and online brokers like https://exness-ar.com/login/ are usually significantly cheaper than at branch banks.

Why is it important to compare securities accounts?

There are numerous offers for custody accounts. But depending on the provider, the conditions can differ enormously. This is not only about the fees, but also about the different services offered by the custody account. With a securities account comparison, you can get a good overview of the different offers and find the securities account that best suits your needs. The comparison allows you to compare 20 or more offers of banks and brokers within a few seconds.

Such a comparison is particularly important because there can be great differences between the providers in terms of conditions. In particular, the cost factor is a main reason for traders to decide for or against a securities account. However, this is made up of several different fees, such as a possible account management fee and the costs per order. Especially for clients who execute many orders per year, it is worth taking a closer look at the cost structure and saving several hundred euros per year.

A securities account comparison offers you the opportunity

•     find the most favourable offer and save costs
•     identify brokers / banks with comprehensive services
•     find providers with comprehensive services
•     to use a suitable trading platform

Which securities account is ultimately best for you always depends on your trading behaviour. The most important factor in terms of custody account fees are the order fees, they make a custody account cheap or expensive in the long run. These fees are particularly high for order volumes of several hundred or thousand euros. Therefore, it is extremely important to analyse your own trading behaviour before opening an online custody account and to choose the custody account on this basis.