It is a market maker type broker which means also that no deposit is required to open an account and accounts have variable spreads. CONSORSBANK offers comprehensive financial services and also acts as an online broker.ĬONSORSBANK is seen as one of the leading direct banks in Europe and as an online broker, it now serves more than 600 000 customers globally from its base in Germany. Today CONSORSBANK is still part of BNP Paribas and its German headquarters are in Nuremberg. In 2002 the company was taken over by the French BNP Paribas and operated as Cortal Consors until 2014 when it started trading as CONSORSBANK. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes.įorex broker services can also be provided for institutional clients and large companies such as investment banks.ĬONSORSBANK was originally established in 1994 as a discount broker called Consors. Forex brokers are also known as retail or currency trading brokers. Shares, Bonds, CFDs, ETCs, ETFs, Funds, Futures, Options, and Warrantsįinding a reputable Consorsbank review local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.īelow is an in-depth review regarding Consorsbank to help you make an informed decision before opening your account or trading on their platform.Ĭonsorsbank is a forex broker company in Germany.Ī Forex broker like CONSORSBANK provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. No information is available on the website. Consorsbank is authorized and regulated by the BaFin and it has a trust score of 50 out of 100. Consorsbank offers two different account types with a leverage of 1:50. Consorsbank is a sophisticated direct access broker designed to fit the needs of an online broker.
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