Bernstein Bank review
About the broker
Bernstein Bank is a German broker specializing in securities trading. Its head office is located in the centre of Munich. The company's core business is the brokerage of CFDs contracts, with an emphasis on foreign exchange and derivatives trading. Bernstein Bank is a properly regulated institution in Germany and holds an active license to operate the MetaTrader 4 server technology.
Bernstein Bank broker has several advantages and disadvantages that should be considered when choosing this broker.
Among its advantages is the fact that it is a licensed broker. This means that it is subject to regulation and supervision by financial authorities, which brings a greater level of trust to clients, in this case the German Bafin authority. It also offers the proven MetaTrader platform, which is recognized for its reliability and advanced trading tools.
On the other hand, the Bernstein Bank broker has a few drawbacks. For many investors, the limiting factor may be the minimum initial deposit of $1000/€1000, which may be a higher amount than investors are willing to put in to start with.
It also offers a relatively limited selection of financial instruments, with only 117 instruments available. Moreover, if you are interested in investing in physical shares, Bernstein Bank does not offer this option either.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Number of instruments CFD | 6 |
| Broker type | MM |
| Customer support |
|
| Deposit from | 1000 EUR/USD |
| Spreads | 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2016 |
| Location | Bernstein Bank GmbH, Sonnenstrasse 180331, Munich, Germany |
| Phone | +49 (0)89 2154 310-37 |
| accountopening@bernstein-bank.com | |
| Country | Germany |
About the broker
Bernstein Bank is a German broker specializing in securities trading. Its head office is located in the centre of Munich. The company's core business is the brokerage of CFDs contracts, with an emphasis on foreign exchange and derivatives trading. Bernstein Bank is a properly regulated institution in Germany and holds an active license to operate the MetaTrader 4 server technology.
Bernstein Bank broker has several advantages and disadvantages that should be considered when choosing this broker.
Among its advantages is the fact that it is a licensed broker. This means that it is subject to regulation and supervision by financial authorities, which brings a greater level of trust to clients, in this case the German Bafin authority. It also offers the proven MetaTrader platform, which is recognized for its reliability and advanced trading tools.
On the other hand, the Bernstein Bank broker has a few drawbacks. For many investors, the limiting factor may be the minimum initial deposit of $1000/€1000, which may be a higher amount than investors are willing to put in to start with.
It also offers a relatively limited selection of financial instruments, with only 117 instruments available. Moreover, if you are interested in investing in physical shares, Bernstein Bank does not offer this option either.
| Basic information | |
|---|---|
| Number of instruments CFD | 6 |
| Broker type | MM |
| Customer support |
|
| Deposit from | 1000 EUR/USD |
| Spreads | 1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Share CFDs, Forex, ETF, Cryptocurrency traded as CFD, Indicies |
| Established | 2016 |
| Location | Bernstein Bank GmbH, Sonnenstrasse 180331, Munich, Germany |
| Phone | +49 (0)89 2154 310-37 |
| accountopening@bernstein-bank.com | |
| Country | Germany |
Licences and regulation
Bernstein Bank GmbH is an officially authorised and regulated entity, subject to supervision by Bafin, with financial services provider registration number 146888.