Directa SIM is an Italian investment firm built around low fixed or variable dealing profiles and a choice between a direct account at Directa and an indirect arrangement linked to a partner bank. The two account structures use the same trading platforms but differ materially in where cash and securities sit and which protection mechanism applies.[1][2][4]
Accounts & headline costs
Sections ↑Account comparison01
Direct versus indirect account
| Feature | Direct account | Indirect account |
|---|---|---|
| Cash and securities | Held through Directa’s client-asset arrangements. | Held at the partner bank under that bank’s account conditions.Source 2 |
| Account charges | Directa publishes zero opening, maintenance, custody and closing fees. | Bank conditions can add account costs.Source 3Source 2 |
| Failure protection | National Guarantee Fund up to EUR 20,000 for eligible claims, alongside asset-separation rules. | Eligible bank deposits can use the deposit-guarantee framework up to EUR 100,000 at that bank.Source 2Source 9 |
| Trading platform / commissions | Same Directa trading tools and market commissions. | Same Directa trading tools and market commissions.Source 2Source 4 |
| Cash movements | Direct bank transfers to/from the Directa account. | Movement follows the linked partner-bank arrangement.Source 8Source 2 |
Broker essentials02
Standard account charges
| Measure | Value | Context |
|---|---|---|
| Opening / closing | EUR 0 | Directa states no account-opening or closing fee.Source 3 |
| Monthly / annual administration | EUR 0 | No ordinary account maintenance charge.Source 3 |
| Custody | EUR 0 | No Directa custody fee under the public conditions.Source 3 |
| Cash transfers | EUR 0 by Directa | Bank/intermediary charges can remain.Source 3 |
| Outgoing securities transfer | EUR 0 by Directa | Receiving/delivering market and third-party costs can still apply.Source 3 |
| Interest on cash | None | Public account conditions state no interest on cash balances.Source 3 |
Pricing & charges03
Italian equity commission profiles
| Profile | Published charge | How the charge changes |
|---|---|---|
| Simple | EUR 5 per executed order | Fixed regardless of order value under the relevant Italian market route.Source 5 |
| Dynamic | EUR 8 down to EUR 1.50 | Daily executed-order count determines the later tier.Source 5 |
| Variable | 0.19%; minimum EUR 1.50, maximum EUR 18 | Transaction-value based with floor and cap.Source 5 |
Pricing & charges04
Selected foreign-market commissions
| Market | Published charge | Unit / boundary |
|---|---|---|
| Xetra | 0.025%; EUR 9.50 minimum | Percentage of traded value.Source 6 |
| SIX Swiss Exchange | 0.03%; CHF 20 minimum | Percentage of traded value.Source 6 |
| NYSE / Nasdaq / Amex | USD 9 | Per executed order under the named route.Source 6 |
| US OTC | USD 15 | Separate OTC route and market conditions.Source 6 |
| Italian GEM | EUR 5 Simple | Other profiles and market charges may differ.Source 5 |
Products & platforms
Sections ↑Availability05
Market and product range
| Product | Published access | Boundary |
|---|---|---|
| Italian and foreign equities / ETFs | Multiple exchange routes with selectable commission profile. | Taxes, market fees, spreads and product costs remain.Source 4Source 6 |
| Bonds and certificates | Italian and foreign fixed-income / certificate markets. | Liquidity, accrued interest and issuer risk are separate from commission.Source 4 |
| Futures and options | Exchange-traded derivatives where enabled. | Contract and margin requirements differ by venue.Source 4 |
| CFDs via LMAX | Forex, commodities, indices and crypto-related CFD exposure. | Leveraged OTC/MTF exposure, not ownership of the referenced asset.Source 7 |
| ETF PAC / promotions | Selected zero-commission recurring or promotional routes. | Eligibility lists and conditions can change; product expenses remain.Source 4 |
Platforms & products06
Trading platforms
| Platform | Published role | Boundary |
|---|---|---|
| Libera | Modern web/app multi-market trading. | Account and market permissions still govern.Source 10 |
| dLite | Lightweight browser access. | Simpler interface does not change contract or market rules.Source 10 |
| Classic | Established desktop/browser workflow. | Availability of a tool does not guarantee continuous service.Source 10 |
| Darwin2 | Advanced workstation and analysis. | Market-data entitlements and order permissions remain separate.Source 10 |
| dGo | Mobile access and account security. | Device loss requires prompt credential and support action.Source 10Source 12 |
Fees & holding costs
Sections ↑Pricing & charges07
CFD commission examples
Pricing & charges08
Costs outside the order commission
| Layer | Treatment |
|---|---|
| Italian financial-transaction tax / stamp | Applies according to law and holding/account circumstances.Source 3 |
| Bid/ask spread | Market or dealer spread is separate from commission.Source 4 |
| Product expenses | ETFs, funds, certificates and structured products can have embedded costs.Source 4 |
| Margin / overnight financing | Applies to leveraged derivative positions.Source 7 |
| Foreign exchange | Relevant when trade and account currencies differ.Source 6 |
Scenarios09
Illustrative commissions
| Example | Explicit commission | Excluded |
|---|---|---|
| EUR 2,000 Italian equity — Simple | EUR 5 | Tax, spread and product/market charges.Source 5 |
| EUR 2,000 Italian equity — Variable | EUR 3.80 | Tax, spread and other charges.Source 5 |
| EUR 50,000 Xetra order | EUR 12.50 | Spread, FX and market charges.Source 6 |
| US stock order | USD 9 | Spread, FX, market and tax charges.Source 6 |
Execution & trading rules
Sections ↑Specifications10
Order and profile controls
| Topic | Published / practical position |
|---|---|
| Commission profile | Customer can select the applicable profile under the current service.Source 5 |
| Dynamic fee | Daily order count can lower the rate for later executions.Source 5 |
| Market order controls | Venue, product and platform determine supported instructions.Source 10Source 4 |
| CFD margin | Leveraged positions require margin and can be closed under risk rules.Source 7 |
| Outage support | Telephone and live chat are available; no guarantee of every order or price during an outage.Source 11 |
Commission profile selection changes the explicit fee, not the economic risk of the order. For a low-value trade the Variable floor can dominate; for a larger trade the maximum can matter. A fixed EUR 5 route may be cheaper or more expensive depending on order size and daily activity.[5]
Deposits, withdrawals & transfers
Sections ↑Transfer terms11
Bank-transfer timing
| Method | Published timing | Condition |
|---|---|---|
| Ordinary SEPA | Usually next working day | Correct account identifier and registered bank details required.Source 8 |
| Urgent transfer | Same day if the bank meets the 17:15 cut-off | Bank cut-off and charges can vary.Source 8 |
| SEPA instant | Normally within 60 minutes | Registered IBAN required; first use of a new IBAN can take two to three hours during working hours.Source 8 |
| Withdrawal | To the registered bank account under account controls | Only settled available cash can leave.Source 8 |
Reference table12
Asset transfer and closure
| Issue | Treatment |
|---|---|
| Outgoing securities transfer | Directa publishes no own fee.Source 3 |
| Unsupported/fractional assets | Eligibility and treatment must be agreed with the receiving institution.Source 3 |
| Direct versus indirect closure | Cash and assets must be reconciled with Directa or the partner bank as applicable.Source 2 |
| Pending corporate actions | Wait for dividends, maturities or other entitlements before zeroing/closing.Source 2 |
No bonus credit is relied upon. The relevant distinction is between settled cash, market value, margin collateral and—under the indirect account—cash held at the partner bank. None should be combined into a single “available balance” without the account statement.[2][8]
Protection & regulation
Sections ↑Protections & eligibility13
Protection chain
| Area | Published position | Limit |
|---|---|---|
| Italian SIM | Directa SIM S.p.A. is an Italian investment firm. | Authorisation is not a guarantee of investment return.Source 13Source 9 |
| Supervision | CONSOB for transparency/conduct and Banca d’Italia for prudential matters. | Each authority has a different function.Source 13 |
| Client securities | Client property remains separate and should be transferred/returned in a failure. | Operational delay or shortfall is still possible; market loss is not covered.Source 9 |
| National Guarantee Fund | Eligible claims up to EUR 20,000. | A conditional compensation route, not insurance for trading losses.Source 2Source 9 |
| Indirect cash | Partner-bank deposit protection can apply up to EUR 100,000 under that bank and category. | Not a fresh limit for each trading sub-account, and not applicable to securities value.Source 2 |
Opening an account & support
Sections ↑Directa service routes
Customer serviceTelephone
+39 011 0884141Source 11
Scope Account, platform and trading support.
Hours Monday–Friday 08:00–20:30 Italy time.
Live chatWebsite
https://www.directa.it/Source 11
Scope Published service chat.
Hours Monday–Friday 08:00–22:00 Italy time.
EmailEmail
Certified emailEmail
No call, chat, order or complaint-response test was performed.
Process14
Security and first access
| Step | Published treatment |
|---|---|
| Initial password | Change temporary credentials at first access.Source 12 |
| Permissions | Enable only the markets and functions required.Source 12 |
| Mobile access | Use official dGo/app channels and keep recovery details current.Source 10Source 12 |
| Suspicious communication | Use independently obtained official contact details; do not disclose credentials.Source 11 |
Additional services
Sections ↑Reference table15
Services beyond ordinary equities
| Service | What it adds | Boundary |
|---|---|---|
| Zero-commission ETF/PAC initiatives | Eligible recurring or promotional products. | Product list, period and underlying expenses remain.Source 4 |
| CFD / LMAX route | Forex, commodity, index and crypto CFD exposure. | Leverage, spread and financing risks differ from cash securities.Source 7 |
| Multiple interfaces | Choice of light, mobile and professional platforms. | Interface choice does not change legal account ownership.Source 10 |
| Indirect bank account | Partner-bank cash and custody structure. | Bank fees and protection rules can differ from direct account.Source 2 |
Company background & evidence
Sections ↑The facts16
Company context
| Measure | Value | Context |
|---|---|---|
| Legal company | Directa SIM S.p.A. | Italian investment firm.Source 9Source 13 |
| Account-cost model | No ordinary opening, closing, maintenance or custody fee | Trading and product charges remain.Source 3 |
| Supervision | CONSOB and Banca d’Italia | Conduct and prudential roles are distinct.Source 13 |
| Evidence boundary | Official Directa and CONSOB pages | No live account, fill, transfer, CFD, complaint or support-response test.Source 4Source 9Source 11 |
- Headquarters
- Turin, Italy
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Directa SIM S.p.A.
No separate licence entry is recorded in this panel.
Additional Information
Sections ↑Reference table17
Checks before relying on a quoted condition
| Check | Why it matters |
|---|---|
| Contracting entity and region | Group brands, tariffs and protection rules do not automatically transfer to another legal company or country route.Source 2Source 3Source 9 |
| Order channel and market | Online, app, telephone and branch prices can differ; exchange and statutory charges can remain.Source 2Source 3Source 9 |
| Settlement versus withdrawable cash | A credited trade or deposit can be usable for trading before it is settled or eligible for bank withdrawal.Source 2Source 3Source 9 |
| Promotion or rate date | Temporary waivers, youth plans, interest rates and finance prices need the live eligibility period and cap.Source 2Source 3Source 9 |
| Transfer direction and asset eligibility | Incoming and outgoing transfers can use different forms, fees, timelines and treatment of fractions or unsupported assets.Source 2Source 3Source 9 |
This profile covers Directa SIM’s published Italian service. It does not equate zero account fees with zero trading cost, treat the National Guarantee Fund as market-loss insurance or apply partner-bank deposit protection to securities.[2][3][9]
Sources & further reading
- Account opening, zero account charges and service entry Directa SIM · Accessed 16 Oct 2026
- Direct and indirect account structures and protection Directa SIM · Accessed 16 Oct 2026
- Account charges, cash interest and transfer costs Directa SIM · Accessed 16 Oct 2026
- Italian and foreign-market commission profiles Directa SIM · Accessed 16 Oct 2026
- Italian-market Simple, Dynamic and Variable fees Directa SIM · Accessed 16 Oct 2026
- Xetra, SIX and US market commissions Directa SIM · Accessed 16 Oct 2026
- CFD/LMAX forex, commodity, index and crypto pricing Directa SIM · Accessed 16 Oct 2026
- SEPA, urgent and instant bank-transfer timing Directa SIM · Accessed 16 Oct 2026
- Client assets, guarantee fund and insolvency treatment Directa SIM · Accessed 16 Oct 2026
- Libera, dLite, Classic, Darwin2 and dGo platforms Directa SIM · Accessed 16 Oct 2026
- Customer service, chat, email and PEC Directa SIM · Accessed 16 Oct 2026
- First access, password and permission controls Directa SIM · Accessed 16 Oct 2026
- Italian SIM framework and supervisory division CONSOB · Accessed 16 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.