Bitpanda review

The minimum deposit is €1, below the site median of €4.64, and Bitpanda ranks at 75 of 213 brands on that measure. Money can also be added at no charge, since deposits are free.

A stock trade costs €1. That sits above a commission-free model, where eToro charges $0, and Bitpanda ranks at 116 of 161 brands on stock trade fees, so the cost per order is the figure to weigh.

Bitpanda is supervised in Austria by the FMA, in Germany by BaFin and in Malta by the Malta Financial Services Authority. The legal entity is Bitpanda GmbH, and the crypto licence held there is MiCA CASP 5493007WZ7IFULIL8G21.

Investor protection is stated as EU ICS up to EUR 20,000, a ceiling set by the EU scheme rather than by the platform. Money lost in a market fall sits with the account holder and is not covered by that ceiling, so the scheme addresses insolvency, not prices.

The platform covers stocks, etfs and crypto. Shares, ETFs, crypto and metals sit under one app, so a mixed portfolio can be built here rather than across separate providers, and the account opens at €1.

Fractional shares sit in the listed crypto, fractional shares and mobile app, so smaller amounts of a share can be bought. A mobile app and a demo account also come with the platform, which lets an order size be tested before money is committed to the market.

The headquarters are in Austria (AT) and the legal entity is Bitpanda GmbH. Licences are held with the Austrian, German and Maltese authorities, so the account sits with a European regulated firm rather than an offshore entity.

It fits beginners and small, regular investors who want one place for shares and crypto. The entry cost of €1 and a €1 stock trade fee suit occasional investors more than frequent traders, and fractional shares keep order sizes small.

Support is listed as help centre, so help is written rather than spoken. Across the site, 56.7% of brands offer phone support and 37% offer live chat, which Bitpanda does not list here.