finanzen.net zero Review

Company background

finanzen.net zero is a German neobroker launched in June 2021 by the finanzen.net Group after its acquisition of Gratisbroker GmbH, a Munich-based neobroker that had been operating since 2019. The finanzen.net Group, formerly majority-owned by Axel Springer SE, was acquired in December 2024 by Inflexion, a British private equity firm, in a deal valued at approximately EUR 400 million. finanzen.net zero operates as a contractually bound intermediary under the licence of DonauCapital Wertpapier GmbH, with Baader Bank AG managing custody and clearing accounts. The platform targets retail investors in Germany and Austria who want low-cost access to stocks, ETFs, funds and crypto.

Fees and pricing

finanzen.net zero uses a commission-free model for orders of EUR 500 or more in stocks, ETFs, bonds, funds, warrants and certificates. Orders below EUR 500 carry a flat EUR 1 fee per trade. There are no account management, custody, deposit, withdrawal or inactivity fees. ETF savings plans and stock savings plans have no order fee and can be set up from EUR 1 per month at weekly, bi-weekly, monthly or quarterly intervals. Crypto trades carry a spread of up to 1% plus a EUR 1 minimum fee for orders below EUR 500. The platform routes orders exclusively through the gettex execution venue and earns revenue via arrangements with market makers and product manufacturers rather than charging direct commissions on orders above EUR 500.

Regulation and safety

finanzen.net zero is a contractually bound intermediary operating under the liability umbrella and BaFin licence of DonauCapital Wertpapier GmbH. Baader Bank AG, also supervised by BaFin, manages the custody accounts and clearing accounts. Stocks, ETFs and other securities held in the depot are classified as special assets (Sondervermogen) under German law, meaning they are legally owned by the customer and remain protected in the event of the broker's insolvency. Cash deposits held at Baader Bank are covered up to EUR 100,000 per customer under the German deposit guarantee scheme, with additional protection available through the deposit protection fund of the German Banking Association up to EUR 3 million per customer.

Platform experience

finanzen.net zero is available via a dedicated mobile app on iOS and Android and a web interface. Trades execute exclusively on the gettex exchange operated by Boerse Muenchen, which references Xetra prices and is open from 07:30 to 23:00 on trading days. The platform offers over 8,500 stocks, 2,300 ETFs, bonds, actively managed funds, and over 900,000 warrants and certificates. Crypto trading covers 59 cryptocurrencies, with custody managed by Tangany rather than Baader Bank. Savings plans can be configured for recurring automated investment in stocks, ETFs and crypto from EUR 1 per month. There is no demo account and no integrated cash account with interest on uninvested funds.

Pros and cons

finanzen.net zero's main advantages are commission-free trading on orders from EUR 500, free savings plans with no minimum fee, a broad ETF and stock selection, and the absence of account, custody and inactivity charges. The main drawbacks are the EUR 1 fee on smaller orders, execution limited to a single venue (gettex), no demo account, no interest on uninvested cash, and limited availability outside Germany and Austria.