Commerzbank is a large German bank with hundreds of local branches in Germany. Their free Depot¹ is a trading account with no monthly fees, as long as you have at least one transaction every month.
Key advantages of this German broker account include the relatively low order fee as well as the 24/7 customer support via phone. Commerzbank also offers a monthly savings plan, which enables you to continually buy ETF or funds and starts with orders of just €25 per month. Selected products can be bought with no order fee or at discounted fee.
After filling out the online application, you need to complete a quick identification process online via video chat, or offline at a local branch or local post office.
After your identification it will only take a few days until you can submit your first order in your new trading account.