Traders Place Reviews
German broker with 59 cryptocurrencies, savings plans from €1, and a BaFin-licensed custodian.
Traders Place Rating
Our Opinion
Traders Place is a comparatively young German broker (founded in 2023) that offers 59 cryptocurrencies in addition to stocks and ETFs. Crypto custody is handled by Tangany GmbH, which is licensed by BaFin and is regarded as regulatorily reliable in the DACH region. Savings plans start at €1 with no order fee, but for crypto they only cover 13 crypto ETPs from 21Shares, not the crypto assets themselves.
How crypto trading works: Traders Place takes the order and passes it to Baader Bank, which buys or sells as a commission agent via Hyphe, currently the only trading venue. The coins are held in custody by Tangany GmbH. All three parties appear in ESMA's MiCA register: Tangany with its own BaFin licence for custody and transfers since 8 August 2025, Traders Place (since 21 July 2025) and Baader Bank with a MiCA notification to BaFin. Trading runs around the clock, and the execution price can differ from the displayed price when markets move sharply. Crypto trading is only open to customers resident in Germany; the majority owner of Traders Place is the Austrian GRAWE Group.
For investors who prefer a German broker based in Germany and want to use crypto as a supplement to a classic securities account, Traders Place is seen as one of the newer alternatives. The platform can be used via app and web and covers a solid range of cryptocurrencies with 59 coins. Trading fees of 0.9 % of the trade value, plus €1 below €500, are in the middle to upper range among the compared German brokers.
However, wallet transfers to your own wallets are not possible, and staking is currently not offered; both are occasionally criticized by users. The SMS-based 2FA and the limited deposit methods (SEPA transfer only) are also seen as room for improvement. Traders Place is therefore especially suitable for investors who want to try a young German broker with regulated custody and a broad coin offering and can do without wallet functionality.
Pros & Cons
- 59 cryptocurrencies available to trade, around the clock
- Savings plans from €1 with no order fee, for crypto via 13 crypto ETPs from 21Shares
- Crypto custodian Tangany GmbH with a MiCA licence from BaFin
- Securities account and settlement account at Baader Bank free of charge
- App available for iOS, Android, and web
- German investment firm based in Freilassing, majority owned by the GRAWE Group
- Wallet transfer to your own wallets not possible, the price list rules out moving coins in or out
- No staking on offer
- No savings plans directly on the 59 crypto assets, only on crypto ETPs
- Crypto trading only for customers resident in Germany
- Deposits only via SEPA transfer, additional payment methods would help
- 2FA security based on SMS, expanded options would help
Costs & Discounts
Traders Place charges a fixed percentage of the trade value for crypto, with a surcharge on small orders. The securities account and settlement account are free. The items at a glance:
| Item | Cost at Traders Place |
|---|---|
| Buying or selling crypto assets | 0.9 % of the trade value (0.5 % Traders Place, 0.4 % Baader Bank) |
| Crypto order below €500 trade value | additional €1.00 small-order surcharge |
| Savings plan on crypto ETPs (13 ETPs from 21Shares) | €0 per execution, plus customary market spreads |
| Stocks, ETFs, funds and bonds via gettex | €0 per order from €500 trade value, €0.95 below |
| Securities account and settlement account at Baader Bank | free |
| Transferring crypto assets in or out | not possible |
How to save: The €1 surcharge only applies below €500 trade value. A €100 purchase therefore costs €1.90, or 1.9 %, while a €1,000 purchase costs €9. If you want to put small amounts into crypto regularly, a savings plan on a crypto ETP carries no order fee.
Fees as of 1 November 2026 according to the Traders Place crypto price list.
User Experiences
AI Analysis653 analyzed reviewsOur AI collects and analyzes user reviews of Traders Place from the web and summarizes the key findings.
According to reviews, Traders Place is generally described as clear and, in many cases, easy to use. At the same time, users repeatedly report difficulties with the app and login, which means the overall impression from a user perspective is mixed.
Users appreciate the clear layout and describe the app in many reviews as easy to use. However, according to reviews, the user navigation is also often perceived as not intuitive or somewhat confusing in places. Some users also report that registration and login do not always work smoothly, so from a user perspective the usability still has room for improvement.
Provider details (fees, licences, pros and cons) editorially reviewed: November 2026. This analysis is based on 653 user reviews evaluated by AI from the Apple App Store, Trustpilot, and Google Play Store. The total number of reviews on the respective platforms may be higher, the platform ratings (star ratings) shown refer to all reviews available there. The ratings shown reflect users’ experiences and do not represent the website operator’s own assessment. All information is provided without guarantee. Status: March 2026. This comparison does not constitute investment advice.
Features
Feature Scope
Highlights
- German broker with BaFin-licensed crypto custodian Tangany
- Savings plans from €1 for a low-threshold entry
- 59 tradable cryptocurrencies
- Trading fees of 0.9 % for crypto
Tradeable Assets
- Cryptocurrencies (59 coins)
- Stocks and ETFs
- Other securities
Trading Options
- Direct buying and selling via app and web
- Savings plans for securities and crypto ETPs
About Traders Place
Cheaper or safer: alternatives to Traders Place
Exchanges authorised in the EU under MiCA, each with the trading fee from our comparison and a head-to-head with Traders Place.
- Go to CoinbaseCoinbaseListed US group, MiCA authorisation via Coinbase Luxembourg S.A.Trading fee in our comparison: up to 1.875% + spread (as of 01/11/2026)Traders Place vs Coinbase compared
- Go to BitpandaBitpandaVienna-based, MiCA authorisation from the Austrian FMA for Bitpanda GmbH.Trading fee in our comparison: from 0.99% (as of 01/11/2026)Traders Place vs Bitpanda compared
- Go to OKXOKXMiCA authorisation in Malta via OKX Europe Limited.Trading fee in our comparison: 0.2 % (as of 01/11/2026)Traders Place vs OKX compared
Partner links: we earn a commission if you become a customer through one of these links. Not investment advice. Crypto assets are volatile and you can lose all of your money.
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