📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses


⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

SBroker Review

SBroker Review





SBroker, or Sparkassen, is an online forex broker based in Germany which forms a part of the Sparkassen-Finanzgruppe.

Finding a reputable SBroker review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth review regarding SBroker to help you make an informed decision before opening your account or trading on their platform.

As part of this corporate setup, the broker’s customers can benefit from the experience and expertise of the Sparkassen organization, one of the largest financial service providers in Germany.

With a high level of securities expertise and a wide, independent online offering, SBroker provides extensive support for traders who wish to take greater responsibility for their transactions.

The Sparkassen Broker is a trading platform that is easy to understand, use and process, and which provides a clear structure of all functions and intuitive usability. To this end, the broker also provides numerous background reports and analyses.

Clients can further benefit from the broker’s partnerships with leading information providers, such as Interactive Data Managed Solutions AG, Financial Webworks GmbH, and ComStock, Inc.

SBroker was established in 1999 as pulsiv AG, Part of the Deka Group, but first entered the market in 2001. Today, SBroker is still headquartered in Germany, and as such operates as part of Sparkassen-Finanzgruppe’s institutional protection system.

The system protects deposits from the affiliated institutes. The security system aims to prevent economic difficulties at the affiliated institutes.

The system does this through voluntary institutional protection. In this way, business relationships with customers are continued as contractually agreed.


Awards and Recognition

Despite SBroker’s relatively long operational history, the broker has not listed any awards on its website to date.

Forex awards are a useful means for prospective clients to determine a particular broker’s standing in the industry, as well as the particular features at which the broker excels.

However, some brokers choose not to participate in forex award events, so that this criterion is not the only means of determining the full scale of a broker’s offering.


SBroker Accounts

Prospective traders need to make an effective study of the various account types which a broker may offer, as often these accounts are designed to suit the specific needs of certain trader experience levels and strategies.

The forex industry is populated by a vast array of traders with various trading needs, which most brokers aim to meet through the provision of suitable accounts. These may include commission-free accounts, low spread accounts, and managed accounts.

On the other hand, some brokers will offer one standard account type which aims to target a certain group of clientele.

Traders should also seek out brokers who offer a free demo account, as this will allow them to conduct a test run of the broker’s features before deciding to sign up for a live trading account.


Types of Accounts and their Features

SBroker provides three different account types, which are tailored to the specific needs of various trading styles and strategies.

Clearing Account

To open a clearing account, a settlement account in euros is required to process domestic and foreign securities transactions. This account comes with the following advantages:

  • Conclusion of an independent online clearing account for your entire securities business.
  • Daily availability, also across the entire balance.
  • Possibility to open additional currency accounts or an overnight account “KontoPlus”.
  • For security reasons, payment is only made to a predetermined reference account at your house bank.


KontoPlus Account

The “KontoPlus” is essentially a money account that presents the ideal addition to easy online deposits. The KontoPlus Account includes the following aspects and features:

  • The interest rate is variable, currently, the interest rate is 0.00%. SBroker is entitled to change the interest rate at its reasonable discretion (§ 315 BGB).
  • The credit on the AccountPlus has daily availability.
  • The interest is settled quarterly.
  • The credit can be used at any time by transfer to the clearing account. Transfers after 3 p.m. are booked immediately, but with the value date of the following bank working day.
  • KontoPlus cannot be opened in connection with a company custody account (except investment clubs).
  • SBroker reserves the right to refuse to open an Account Plus in individual cases.


Currency Account

With currency accounts, you can carry out securities transactions in the home currency of the respective foreign stock exchange.

Due to the daily availability of your money in the currency accounts, you can specifically use currency fluctuations for yourself, and therefore this account would be ideally suited for Forex traders.

Foreign securities can be distributed directly to your currency accounts. A currency conversion then does not take place. The Currency Account includes the following features:

  • Currency accounts in the US, Hong Kong, Canadian, New Zealand, and Australian dollars, British pounds, Swiss francs, South African rand, Polish zloty, Norwegian and Swedish krona, Japanese yen, and Turkish lira.
  • Free account management for all currency accounts.
  • Foreign transactions are converted at the exchange rate or exchange rate.
  • Since all transactions at SBroker are settled in euros, you can of course trade foreign securities without currency accounts.
  • The currency account can only be managed in connection with an existing securities account and clearing account with the SBroker.


Deposits and Withdrawals

SBroker does not appear to have a minimum deposit requirement unless clients take advantage of the broker’s payment plan, which will be discussed in more detail below.

While the broker does not indicate the accepted deposit and withdrawal options, it can be assumed that it will make use of the most common methods, which include bank wire transfers and debit or credit cards.

SBroker does not appear to accept e-payments, such as Neteller or Skrill, which many other brokers do for their fast processing and lower costs to clients.


SBroker Payment Plan

With a payment plan, you sell shares from your saved funds, ETF, ETC, certificates, or shares for a constant amount each month.

In this way, you can turn your savings into a regular, additional income. The payment plan is available to you for each type or per security identification number from a saved volume or a single investment of EUR 10,000 and a minimum payment rate of EUR 50 per month.

The SBroker payment plan is possible for all securities except open-ended real estate funds from the SBroker savings plan offer. This payment plan includes the following features:


  • Maximum flexibility: As with savings plans, you can suspend payments or change their amount, the minimum payment amount is EUR 50 per execution.
    Payment can be made 1, 2, 3, 6 months, or annually and the following execution dates are possible: 5th and 20th of the month.
  • Inexpensive: There are no fees or transaction fees for funds, neither when setting up, changing, or paying out. The broker charges a 2.5% order fee for ETF, ETC, certificate, or share payment plans.
  • Profit potential: While you sell your shares bit by bit, you still participate in the performance of your fund and ETF shares with the remaining credit.


It would appear, however, that SBroker only accepts EUR as a deposit currency, which is fairly limited for currency traders.

A wide selection of deposit currencies is often preferable when trading forex, as having to withdraw from a currency other than your base currency can rack up fees that impact your profitability, typically through the payment of a conversion fee.

These conversion fees can occur both when trading and when withdrawing funds from your trading account.


Cost and Fees, Commissions and Spreads

SBroker has the following fee structure in place for its accounts:


  • Free deposit management from a trade in the quarter (including savings plans) or an asset portfolio of at least 10,000 euros and a portfolio greater than 0 euros at the end of the quarter
  • Free account management
  • An inactivity fee of 3.89 euros per month (11.67 euros in the quarter). The debited deposit fee will be made available to you as order credit in the following quarter


The broker does charge commission, which amounts to 4.99 euros + 0.25% of the order value, which is a relatively high commission structure.


The broker also has the following additional trading fees in place:

  • Inland trading fee: 99 euros
  • Direct trading fee: 0.49 euros
  • Foreign countries: 14.99 euros


As such, the broker’s overall commission and trading fees are quite high when compared to many other brokers, many of which offer commission-free trading with tight spreads (unfortunately, there is no information available on the spread at SBroker).

This commission and fee structure might make SBroker inaccessible to beginner and smaller retail traders, as well as some investors who trade frequently.



SBroker does not provide any information about the maximum leverage ratios which it offers, but being a European regulated broker, this ratio would likely not exceed 1:50.

Most brokers, particularly those regulated in the European Economic Area and the United Kingdom, offer a maximum leverage of 1:30, or 1:50 in some cases.

This is due to the fact the European regulators recently decided to cap the maximum leverage which brokers operating within their jurisdiction could offer, due to the high risk associated with the mechanism.

While leverage can significantly increase the potential profitability of your initial investment, it can also increase the potential losses which you may incur, particularly when investing large sums of money.



SBroker is currently running a Top Trader offer for clients who complete a minimum of 100 trades a year.

As soon as you make at least 100 transactions per year, you become a Top Trader and automatically receive an email with an activation code for the Top Trader Lounge.

From 100 trades per year, you benefit from a 10% discount on the order commission. And the more transactions you make, the more you can save – up to 80%.

If you as a new customer have already actively traded elsewhere, simply show your activity when you open a depot. You will receive the corresponding discount right from the start and have access to the Top Trader Lounge.

Members of the Top Trader Lounge can track stock and other underlying prices in real-time, place alerts, and scan price lists for interesting options.


Trading Platforms, Software, and its Features

SBroker offers Forex Trading services via three proprietary trading platforms, namely SBroker Trading-Desk, MarktInvestor Pro, and SBroker Mobile trading.

The trades are executed on the platform using an execution model, meaning that SBroker is a b-book broker (market maker).


Markets, Products, and Instruments

SBroker provides access to a wide range of tradable assets, which include the following popular asset classes:

  • Forex
  • Securities
  • Equities
  • Funds
  • ETFs
  • Bonds


Clients can trade securities with direct trading or on all domestic and 28 foreign stock exchanges.

Clients can open an online depot and start trading in securities for as little as EUR 0 deposit management fee. Other conditions surrounding the trading of these assets include:

  • One of the most extensive platforms of indirect trading: Order shares, bonds, certificates, and warrants directly through one of the broker’s partners.
  • You have access to over 6,500 funds, of which more than 4,000 come with up to 100% discount on the front-end load.
  • The broker offers you an extensive selection of certificates.
  • Choose from more than 1,460 savings plans.



Safety and Regulation

SBroker provides a secure trading environment through its regulation with The Federal Financial Supervisory Authority, more commonly referred to as BaFin.

The Federal Financial Supervisory Authority knew by its abbreviation BaFin is the financial regulatory authority for Germany.

It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance.


Customer Support

SBroker offers fairly limited customer support, with clients only being able to contact the broker’s support team via a telephone number or an online query submission.

SBroker does not provide live chat support, which is often necessary for resolving more pressing client issues, while the support team is only available for limited hours between Monday and Sunday. Many other brokers offer support 24/7.



SBroker offers extensive research tools for market data and analysis. In terms of markets, the broker offers the following tools:

  • Indices and price-lists
  • Detailed course research
  • Real-time news
  • A stock exchange calendar


In terms of analysis, the broker offers the following tools:

  • Analyst recommendations
  • Market commentary
  • Technical analysis
  • Chart analysis tools
  • Single product analyses
  • Stock Monitors


Education and Training

Despite its comprehensive research offering, SBroker does not appear to offer any educational or training material for beginner traders, such as tutorials, webinars, or even a glossary.

This lack of training material, coupled with the more pricy trading conditions, makes this broker better positioned towards advanced and professional traders.

For investors who want to be a part of the complex world of foreign exchange, forex education has to be on top of the list before doing some investments.

Forex education enables traders to reason and apply knowledge to important daily trading activities.

For long-term progress, it is a helpful tool that guides traders to optimal systems and the best solutions.

With a solid education, traders are prepared to make informed trading decisions instead of impulsive emotional ones that can often lead to major account disasters.

Trading currencies is not just about blindly exchanging one currency for another and profiting from the difference in prices. Traders need to at least use price charts to know how much each currency is worth.

Additionally, traders may need various indicators, signals, and oscillators to help them identify price trends and future currency price shifts.

Arming oneself with a forex education will enable you to identify what tools are available for monitoring and predicting market movements.



SBroker provides some compelling advantages for experienced and advanced traders, but the broker is not well suited to beginner traders. However, the broker’s high commission fees and pricy trading fees would make it largely inaccessible to smaller retail and beginner traders.



Risk Warning: The Company also offers CFD products which are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with GCI Trading.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors.

Investors must understand and acknowledge these specific characteristics and risks and be warned that there is no EU regulatory framework governing trading in cryptocurrency products.

CFDs and Forex are not only complex instruments, but they also have a high level of risk which may result in loss of funds that exceed the trader’s initial deposit.

Traders need to evaluate their objective, level of risk exposure and willingness to be exposed to risks.



SBroker at a Glance

Broker’s name SBroker, or Sparkassen
Headquarters Germany
Year founded 2001
Regulating authorities BaFin
Countries not accepted for trade This is not indicated
Demo account Yes
Islamic account (swap-free) No
Institutional accounts Yes
Managed accounts Yes
Maximum leverage Not indicated
Minimum deposit No minimum deposit
Deposit options Generally accepted:

·        Bank Wire Transfer

·        Credit/Debit Cards

Withdrawal options Generally accepted:

·        Bank Wire Transfer

·        Credit/Debit Cards

Platform(s) provided SBroker Trading-Desk, MarktInvestor Pro, and S Broker Mobile trading
OS compatibility Mac, Microsoft Windows, Mobile, Web, iPhone
Tradable assets Forex, securities, equities, funds, ETFs, bonds
Languages supported on the website English, German
Customer support languages English, German
Customer service hours Monday to Friday – 08H00am to 23H00

Saturdays and Sundays: 10H00am to 19H00





Trading Environment


How many instruments can I trade with SBroker?

You can trade, and invest in, the following:

  • Forex
  • Securities
  • Equities
  • Funds
  • ETFs
  • Bonds


Which platforms are supported by SBroker?

SBroker offers the following proprietary trading platforms:

  • SBroker Trading-Desk
  • MarktInvestor Pro
  • SBroker Mobile trading


Does SBroker offer leverage?

No information on maximum leverage is provided, though most European brokers offer a maximum leverage of 1:50


What spreads can I expect with SBroker?

There is no information about spreads.


Does SBroker charge commission?

Yes. Depending on the type of account, traders can expect commissions of around £4.99


Is SBroker regulated?

Yes. SBroker is regulated by BaFin.


Is SBroker a recommended forex trading broker for experts and beginners?

No. SBroker is not recommended for beginners but may be aligned with the trading needs and objectives of more expert traders.


What is the overall rating out of 10 for SBroker?





What is the difference between a demo and a live trading account?

A Demo Account is a risk-free account that is funded by virtual money and allows traders to either practice trading, explore the broker’s offering, or test trading strategies in a mimicked live trading environment.


Does SBroker offer a demo account?



For how long is the demo account valid?

The duration of the demo account is not indicated.


Which live trading accounts does SBroker offer?

SBroker (Sparkassen) offers the following accounts:

  • Clearing Account
  • KantoPlus Account
  • Currency Account


What are the available deposit currencies for a live trading account?

SBroker only appears to accept EUR


Deposits and Withdrawals


What is the minimum deposit for SBroker?

SBroker does not appear to have a minimum deposit requirement


How do I make a deposit and withdrawal from SBroker?

The payment methods are not indicated on the website, it is considered safe to assume that payment methods such as Bank Wire Transfer and Credit/Debit Cards will be supported.


Does SBroker charge withdrawal fees?

SBroker does not appear to charge withdrawal fees


How long does it take to make a withdrawal?

The processing times may be between a few days and up to several days as SBroker only supports the use of Bank Wire Transfer. It will also depend on when the withdrawal request is sent as SBroker only operates from Mondays to Fridays.



Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like


Overall, FINEXO is regulated by two tier-1 regulators, two tier-2 regulators, and four tier-3 regulators respectively. It has a high trust score of 97 out