BrokAIr Reviews

Consorsbank Review

"Consorsbank may be one of the oldest brokerages in Europe, but it's not necessarily the best option for investors looking for a modern, cutting-edge experience. Is Consorsbank really worth the hassle?"

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Overview of Consorsbank

Consorsbank is an online brokerage based in Germany. It was founded in 1995 and is one of the oldest and most established European online brokerages. It offers a wide range of services, such as stock trading, CFD trading, ETFs, Options, Futures, Bonds and Mutual Funds. It also offers banking services such as current accounts and savings accounts. Consorsbank has a solid reputation in Germany and has been growing steadily in recent years.

Pros & Cons of Consorsbank

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Founders & News About Consorsbank

Consorsbank was founded by Dr. Johannes Teyssen and Werner Brandt in 1995. It is now owned by the French bank BNP Paribas. In recent years Consorsbank has been investing heavily in technology, launching new products and services such as mobile trading apps. In 2019, the German financial regulator BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) launched an investigation into the company's practices. The investigation was closed without any charges being filed. In 2020, Consorsbank launched a new blockchain-based platform called “Cortex” which allows users to securely store their digital assets such as cryptocurrencies.