Truthful Tradegate Exchange Check and Review

Tradegate Exchange user-ratings: 0€
8/10
8 of 10 points 1 reviews
  • Asset varierity - 10/10
    10/10
  • Trading platform - 7.5/10
    7.5/10
  • Support - 7.5/10
    7.5/10
  • Fees - 7.5/10
    7.5/10
  • Deposit/Withdrawal - 7.5/10
    7.5/10

Facts about the company:

  • Type: Securities trading bank
  • Regulation: Securities and Exchange Commission
  • Minimum deposit: 0 € 
  • Demo account: Not available 
  • Markets: 6000+ Shares, Bonds, Funds 
8/10
Comments Rating 8/10 (1 review)

Pros

  • Serious multilateral trading facility
  • Low order fees
  • Long opening hours 
  • Direct Trading is available
  • Electronic passing orders

Cons

  • Low liquidity
  • Not recommendable for international use

Who is Tradegate AG?

Tradegate AG is a securities trading bank based in Berlin. Through Tradegate Exchange GmbH, it operates the German stock exchange, which was founded in 2009 and specializes in private investors. The Tradegate Exchange is also based in Berlin.

Tradegate Exchange GmbH is 75% owned by Deutsche Börse and the remaining shares of the GmbH are held by Tradegate AG Wertpapierhandelsbank. The main business area of the Tradegate Exchange is therefore securities trading for private investors.

General information about the Tradegate Exchange:

  • Exchange approval: 20 May 2009 by the stock exchange supervisory authority of the State of Berlin
  • Constituent meeting of the Exchange Council: 01 December 2009
  • First trading day: January 04, 2010
  • Seat: Kurfürstendamm 119, 10711 Berlin
  • Legal form of the stock exchange: Partially capable institution under public law
  • Managing Directors: Thorsten Commichau, Oliver Szabries
  • Chairman of the Exchange Council: Holger Timm
Screenshot of the Tradegate Exchange landing page

The history of the Tradegate Exchange

On 02 May 2001, Tradegate AG put the Tradegate electrical trading system into operation. It was the first German electronic, off-exchange trading system for securities with immediate automatic executions, linked to an information platform on the Internet for private investors.

On 01 November 2007 Tradegate achieved the status of a Multilateral Trading Facility (MTF) by the EU-wide valid financial market directive. The Tradegate Exchange received its stock exchange approval on 20 May 2009 from the stock exchange supervisory authority of the State of Berlin.

The first day of trading was 4 January 2010, since when the Tradegate Exchange has continued the Tradegate electronic trading system as a “regulated market” within the meaning of the Financial Markets Directive.

What are the business figures for the Tradegate Exchange?

The Tradegate Exchange achieved a total turnover of 123.3 billion euros in 2019. Of this, 112.0 billion was attributable to shares, 1.3 billion to bonds, and 10.0 billion to funds and ETPs. All in all, this corresponds to an increase in turnover of 9.0% compared to the previous year.

The number of transactions was 18.1 million. The year-on-year change here is 10.30%.

Is there a mistrade regulation at Tradegate?

Yes there is a mistrade regulation at Tradegate.

The management can execute transactions that have been concluded at non-market conditions (mistakes) at the request of a trading participant or annual ex officio and/or order its rescission.

Which securities are tradable on Tradegate?

A large number of securities are tradable on Tradegate:

  • 4,100 shares
  • 2,400 Bonds
  • 2,000 Investment funds
  • 1,700 exchange-traded funds (ETF), commodity certificates (ETC), and bearer bonds (ETN)

It is divided into different sections:

  • Stocks
  • Bonds
  • ETPs
  • Funds
  • To trade

POs etc. can also be displayed:

  • DAX stocks
  • MDAX values
  • TECDAX values
  • SDAX values
  • EURO STOXX 50 values
  • US top title
  • trade by appearance
  • Latest IPOs
  • All values A-Z

They can be sorted according to the following criteria:

  • Top 5 executed orders
  • Top 5 Changes
  • Title of the day

All in all, the Tradegate Exchange website provides a good overview of the current stock indices, as well as the other tradable securities, and can be sorted according to various criteria.

How are the stock exchange prices determined on Tradegate?

The stock exchange prices are determined by the electronic trading system Tradegate with the support of so-called specialists. The specialists provide sufficient liquidity for trading. The whole process is monitored by the in-house management and trade monitoring office.

Should one trade on Tradegate or Xetra?

That cannot be generalised in this way. In addition to the fees, the prices also play a role.

Most brokers offer particularly favorable conditions with Tradegate. With some brokers, trading on Tradegate also eliminates the exchange fee or other surcharges. Furthermore, the Tradegate Exchange is open longer and is present from 08:00 am to 10:00 pm. On Xetra, trading takes place between 09:00 and 17:30 hrs.

But there is also a lot to be said for Xetra. Compared to Tradegate, Xetra is a pure stock exchange. Turnover is also usually many times higher here than on Tradegate. Before trading via Tradegate or Xetra, you should therefore compare the fees and current prices. If you trade on Tradegate after the Xetra trade has closed, you should pay particular attention to the prices, as the fee savings could possibly be offset by less favorable prices.

What is direct trading at Tradegate?

Direct trading means trading directly with the respective trading partner. In the case of Tradegate, this means directly with Tradegate. The order is therefore executed off-exchange via Tradegate. The direct route without a detour via a broker means that the order fees are often lower and other fees such as the trading venue fee, brokerage, and stock exchange fees are eliminated.

The advantages and disadvantages of Tradegate

In principle, every additional trading place is first of all an enrichment for the investors. Tradegate as a trading place also has many advantages. However, you should always be aware that Tradegate is a market maker.

The advantages are certainly the complete electronic processing of orders and the waiver of brokerage fees. There is also a timestamp for orders and a wide range of order types are available. Furthermore, order supplements, such as fill or kill, immediate or cancel, etc. are also selectable.

The disadvantages are the possible widening of the spread with low liquidity, which can trigger stops. Particularly during trading hours outside Xetra trading, poorer execution prices can occur. As already mentioned, Tradegate is a market maker and therefore has its own interests.

Despite the disadvantages, Tradegate is an important trading place and should definitely be considered when trading.

Is there an app from Tradegate?

There is an app of the Tradegate Exchange. The app gives you direct access to real-time prices of over 6,000 stocks and ETFs, 1,500 bonds, and 1,500 investment funds. You can also create your own watchlist.

In addition, there are also updated business news and chart analyses.

Which brokers offer trading on Tradegate?

Over 35 brokers offer trading on Tradegate. These include all the usual brokers. Even three brokers from Austria and one broker from the UK offer trading on Tradegate.


Customer support

Traders can ask questions about trading bonds, funds, and shares at the Market Maker. Tradegate Exchange can be contacted by phone as well as by e-mail. A contact form can also be filled out on the website. There is no information on the website about the response times themselves. Basically, it can be assumed that the support, based in Germany, is only available on weekdays.

Support available:no information
Telephone:+49 30 89 021 145
Adress:info@tradegate.de
Languages:1+

Conclusion

Tradegate offers private investors a wide range of tradable securities. The longer opening hours and lower fees make Tradegate a good alternative to traditional trading via Xetra. However, one should not only compare the fees but also the prices.

Due to the strong focus of the Market Maker on the DACH region, it can also be assumed that an international use of the Market Maker is not necessarily recommended.


Most asked questions:

What Is The Tradegate Order Book?

The Tradegate order book represents the current buy and sells orders for Tradegate shares on the Frankfurt Stock Exchange (Xetra). It shows the ten best orders on the buy and sell-side. The number of units offered or sought can be seen in the “Units” column.

What types of orders are available on Tradegate?

In addition to market and limit orders, Tradegate also supports stop orders, OCO orders, trailing stop orders, FOK orders, IOC orders and All-or-None orders.

What is the stock traffic light at Tradegate?

The Tradegate stock ticker shows traders whether the stocks they are monitoring are tradable. The colors are like a traffic light: red (price falls), yellow (unchanged), green (increases). The brokers must intervene if the computer hangs. They also monitor whether the computer is buying too many shares. If this is the case, the stock is sold again.

What is Tradegate at comdirect?

At Comdirect, Tradegate is used both in LiveTrading, which at Comdirect is the term for off-exchange trading, and as an exchange.

One Response

  1. Andre Witzel September 21, 2020

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