Flatex Reviews Austria 2026
Established Austrian-German online broker with a banking licence. Crypto exposure runs via ETPs and ETNs — with automatic KESt withholding for Austrian clients.
Established Austrian-German online broker with a banking licence. Crypto exposure runs via ETPs and ETNs — with automatic KESt withholding for Austrian clients.
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Vienna / Frankfurt · founded 2006
What is Flatex?
Flatex is part of flatexDEGIRO Bank AG and one of the oldest online brokers in the DACH region. The focus is clearly on securities: stocks, bonds, ETFs, funds and derivatives.
At Flatex you cannot buy crypto directly as a coin; only as an ETP (Exchange Traded Product) or ETN. These products track the crypto price and trade like securities.
Pros and cons
- Banking licence and established provider (since 2006)
- Automatic KESt withholding for Austrian clients
- Crypto ETPs tradable as securities in your portfolio
- Stocks, bonds, funds & crypto in one account
- Well suited to traditional investors
- No direct spot trading of coins
- Higher order fees than neobrokers (from €5.90)
- No self-custody — an ETP is not a coin
- Smaller selection of crypto products
What can I do at Flatex?
Flatex is a classic online broker from Germany/Austria. Crypto is exclusively represented via exchange-traded products (ETPs/ETNs) — no real coins, no wallet, no staking option.
| Service | Available? | Details |
|---|---|---|
| Crypto ETPs / ETNs | Yes | BTC & ETH ETNs traded like stocks |
| Stocks, ETFs, funds | Yes | Main offering · classic broker |
| ETP savings plan | Yes | Available on selected crypto ETPs |
| Real crypto coins | No | Not offered — only securities wrappers |
| Staking | No | Not possible (no direct ownership) |
| Crypto card | No | Not offered |
Current numbers
- Crypto access
- Only via ETP / ETN
- Tax treatment
- Like a security
- Licence
- BaFin (DE)
- Asset focus
- Stocks & ETFs
Note: Offering and terms may change. Staking APYs are indicative figures (as of 2026) and fluctuate with the market. Only the provider's own data is binding.
Fees
Order fees start at €5.90 per trade — significantly more expensive than Trade Republic or other neobrokers. In return there's no hidden spread on the ETP — you trade at the regular exchange price.
A custody fee usually applies for Austrian clients (varies by contract). Crypto ETPs additionally carry a management fee (TER) of typically 1–2% per year.
Security
Flatex is a regulated bank supervised by Germany's BaFin. Securities and crypto ETPs sit as segregated client assets in your portfolio — assigned to you even if the bank goes insolvent.
Cash on the clearing account is covered by the German deposit-insurance scheme up to €100,000. 2FA and login PIN are standard.
ETP ≠ coin: A crypto ETP is a security that tracks the price. You don't own the coin itself and cannot transfer it to your own wallet.
Taxes in Austria
For Austrian clients Flatex is tax-handled: 27.5% KESt on profits from crypto ETPs is withheld and remitted automatically. You don't need to declare anything yourself.
An annual tax report is issued automatically. Since these are securities, the classic rules for capital income apply — and crypto-to-crypto swaps don't exist here in the first place.
Who is Flatex for?
- Traditional investors who want crypto ETPs alongside stocks
- Tax pragmatists who want automatic KESt withholding
- Banking-oriented users who prefer a regulated bank
- Not ideal if you want real coins, self-custody or DeFi
Flatex: 7.4/10
Flatex is a <strong>solid bank-style solution</strong> for investors who want crypto only as a portfolio add-on. For real crypto trading with self-custody, Bitpanda, Bybit or Kraken serve you better. Strengths: maximum tax simplicity and the security feeling of a regulated bank.
Flatex is a solid bank-style solution for investors who want crypto only as a portfolio add-on. For real crypto trading with self-custody, Bitpanda, Bybit or Kraken serve you better. Strengths: maximum tax simplicity and the security feeling of a regulated bank.
Note: Some links on this page are affiliate links. If you sign up through them, we may earn a commission — at no extra cost to you. Funding is transparently disclosed. Editorial coverage is independent of individual sign-ups. Learn more
All content is for informational purposes only and does not constitute investment advice. Disclaimer & liability