Trading in securities

Start an order entry

There are several ways to start order entry - we will show you which ways are available.

1. Via the TOP navigation

To enter a securities order, click on the desired action "Buy securities" or "Sell securities” in the Top Navigation ->Personal Area -> "Securities account" column.

Please Note:

Via the marked link "change to sale" or "change to purchase" you can jump to the other entry page.

2. From the Order Book

At the bottom of the order book you can access the respective order entry via the buttons "Buy securities" or "Sell securities".

3. From the securities account view

If you wish to trade securities that are already in your securities account, click on the "K" button for "Buy securities" or the "V" button for "Sell securities". In this way, the data of the security concerned is automatically transferred to the order mask.

4. Via the financial overview

In the Finance Overview, you can use the "Actions" button in the line in which the relevant securities account is shown to call up the "Purchase" or "Sale" order entry. The corresponding securities account from the Finance Overview is also automatically transferred to the order mask.

5. Via the product view

If you have already called up or selected a specific security (product view), you can use the "Buy" or "Sell" buttons to access the respective order screen. During this process, the securities data is also transferred.

Selecting the right securities account and clearing account in the order mask

In the header line of the order mask, you use a selection list (drop-down list) to specify the required securities account and clearing account for the securities order. Use the slider in front of the relevant securities account/account to select the account. Please make sure that the preset securities account and clearing account meets your requirements.

Order entry

If the field for selecting the security is not preset, you can use several search options to search for the desired security:

Securities Identification Number (WKN), International Securities Identification Number (ISIN) or name of the security. The proposed search for the name of the security helps you to quickly find the required security and the corresponding security ID number (WKN).

If the buy or sell mask is called up from the securities account overview/product view via a special security, the name, WKN and ISIN - and in the case of sales also the maximum number of units to be sold - are automatically included in the order mask.

After you have entered the quantity of your order, the information column on the right-hand side shows the current "Order countervalue approx." and the "Available amount".

The system also displays detailed cost information for this transaction. Click on "Detailed cost information" to obtain this information.

You can call up the information sheets by clicking on "Information sheets". Please note that the call may take some time. If you get an error message, please try again after 5 minutes.


Place of execution

When you select the "place of execution", a compact overview of all possible execution venues for the selected security is available.

In addition to information on the offered bid or ask price, trading volume and last known price, the remaining trading time or closed places of execution is displayed.

How Société Générale Direct Trading works

OTC (over-the-counter) Trading

Société Générale direct trading offers you the opportunity to trade fixed-rate securities directly - without the need for a domestic or foreign stock exchange.

The main advantages over exchange trading are:

  • Speed through immediate execution of transactions
  • Cost reduction due to elimination of external stock exchange charges
  • Safety through guaranteed price for a limited period of time. If the offered price is not accepted within the period, the price offer expires and a new price inquiry is necessary.

We distinguish between two types of fixed-price business:

  • Direct trading/fixed-price business: For securities that have already been issued but are not yet listed on a stock exchange, Commerzbank offers direct trading through Société Générale with settlement including all the bank's costs (net settlement). In the case of interest-bearing securities, accrued interest may arise, which is shown separately and is not included in the price.
  • Direct trading/ price plus costs: For securities that are already listed on a stock exchange, Commerzbank offers direct trading through Société Générale as an execution venue in addition to other stock exchanges. The displayed price does not include any costs. The securities settlement therefore shows the price plus own and third-party costs (gross settlement); the usual minimum fees apply.

Please note this difference when evaluating the price offered.


ComBest determines the best possible execution venue individually for each order.

With the selection of the execution venue ComBest in the ONE order mask, a systemic comparison of the current trading price options takes place in real time, taking into account possible external costs (e.g. brokerage commission) and the available trading volume (offer in the order book) at selected execution venues. Next, ComBest will forward the order to the place of execution that holds expectations of the best possible execution at the relevant point in time.

ComBest is the core function for transmitting orders without customer instructions to an execution venue in accordance with the principles for the execution of orders in financial instruments. Please refer to the customer information on securities transactions (link).

A ComBes order can only be issued on a daily basis and without a price limit. The following trading places in ComBest are taken into account for a systemic comparison: Berlin, Düsseldorf, Frankfurt, Munich, Stuttgart, Xetra and Tradegate.

The order book displays the stock exchange that has been taken into account.

Special features when buying - only applies to "PremiumFondsDepot".

If you are the owner of a PremiumFondsDepots and wish to purchase an investment fund, you can use the "Fund overview for PremiumFondsDepots". You can call these using the link below the input field for WKN, Name, or ISIN.

Please note that you can only purchase investment funds from this list in the PremiumFondsDepot. If you have any questions, please contact your consultant.

Special features for sales

1. Selecting from stock

As an alternative to entering the security to be sold manually, you can also select the security from your securities account position. Please click on the link "Choose from depot".

In the securities account overview that is now displayed, click on the "V" button for the security to be sold, and all the necessary data will be transferred to the sales mask.

2. Several positions of the same security in the securities account

If several positions of a manually entered WKN exist in a securities account, a separate window for position selection is automatically displayed when you leave the input field.

With a mouse click you can now select the portfolio to be sold and then automatically return to the order screen.

Order supplements

Depending on the execution venue selected, you have various limitation options to choose from:

Lowest: The buy order is executed at the lowest matching sell offer.

Best: The sell order is executed to the highest matching purchase offer.

Limit: The order is executed if the security price is lower/equal (buy) or higher/equal (sell) to the specified limit.

Stop-Buy: Purchase order that is executed at the lowest possible price when a stop price set by you is reached or exceeded at the next available stock exchange price. The current price can then be above or below the stop price you have set.

Stop-Loss: Sell order that is executed optimally as soon as the current price has reached or fallen below a stop price you specify in the event of falling prices. The current price can then be above or below the stop price you have set.

Stop-Limit: Is a special form of stop buy or stop loss order. The order consists of two limits: Stop and limit. When the specified stop price is reached/exceeded/undercut, the limit set by you is activated. The order will be executed if the security price is higher/lower or equal to the specified limit.

Trailing-Stop: The stop price is automatically adjusted taking into account the indicated trailing distance if the security price falls (buy) or rises (sell). If the price rises (buy) or falls (sell), the stop price remains at the position at the time of the last update since the order was placed. When the Stop Price is reached/exceeded (Buy) or reached/fallen below (Sell), the order is executed at the next available price.

One Cancels Other: The order will be executed if the security price is higher/lower or equal to the specified limit. Alternatively, if the stop buy is reached/exceeded or the stop loss is reached/exceeded. In this case, the order will be executed at the next available price, regardless of whether it is above or below the limit.

The system only displays the order supplements (1) that are available at the selected execution venue for the security in question.

Once you have selected the order supplement you require, you have the following options for entering a limit:

  • via the “limit bar” in the chart element (2), i.e. you adjust the desired limit on the chart with the mouse
  • • via the keyboard, i.e. by clicking on the button (3) you switch to the manual input mask. . In particular, even if no chart is displayed, this is the only way to capture a limit.

a better understanding, the function of the selected order supplement is briefly explained again taking your limit input into account (4).

You can then specify the validity of your order (5) and use the "Check order" button to access the order release page.

Releasing the order

After your entries have been successfully checked, the summary of your order is displayed. The order is released by means of the requested TAN and a subsequent click on the button "Release (payable)".

Please note the following special feature: Before you release the order, the "Cost information before securities transaction" is archived in the postbox every time you click on "Check order". If you have activated your postbox, you can view it there immediately.

In the case of Commerzbank direct trading, after you have successfully entered the TAN, you will be shown a temporary price which you can accept or update within 7 seconds.

Confirmation the order

Once the order has been released, you will receive confirmation that the order has been accepted. You can call up and print out the order details via the link provided.

With the help of the displayed buttons, you decide on your next action, i.e. entering another order, displaying the securities account overview or switching to the order book.

Checking the amount available for securities purchases

By displaying the "available amount", you can obtain a quick overview of the funds available for the selected clearing account.

This is how your "available amount" is calculated:

  • Current account balance incl. credit line
  • ./. open and not yet booked buy orders
  • + executed sell orders that have not yet been booked
  • ./. open subscriptions
  • = available amount

Details on the new cost information

New: Comprehensive cost information for each order - before an order is placed, we provide you with detailed information on all costs of the planned securities transaction as well as any associated follow-up costs. This includes both our fees and third-party expenses and product-specific costs as well as benefits that we also receive from sales partners.

You get a transparent overview and can more easily assess the impact on the return on your investment.

The cost statement will be sent to you after each placing of an order.

Important information for you: This new disclosure does not alter our fee model or the other items listed - only the detailed disclosure of these costs is new.

Please Note: Product costs are costs incurred on the part of the product and are therefore only indirectly incurred by you. The data is provided to us by the issuers and is for information purposes only. Product costs do not result in any additional charge to your account. It goes without saying that in the course of securities settlement - as in the past - only costs incurred for the current transaction are taken into account.

The cost statement contains the following information:

  • Costs of securities purchase
  • Costs during the holding period (per year)
  • Cost of sale for securitiesle
  • Total costs in detail
  • Total costs over time and impact on the return

This is shown in the order mask as follows:

After you have entered the quantity of your order, the information column on the right-hand side shows the current "Order countervalue approx." and the "Available amount".

The system also displays detailed cost information for this transaction. The cost information for this transaction is also displayed as described above.

For explanations and information on the new cost information and an example calculation, click here.