Ginmon
Pros
- All-inclusive fee of 0.75% p.a. covers custody and transactions
- No deposit, withdrawal, or performance fees
- BaFin and Deutsche Bundesbank regulated
- Proprietary Apeiron active risk management adjusts allocations automatically
- Factor-investing strategy based on Fama-French research
- Low minimum investment: EUR 1,000 with a EUR 50/month savings plan (EUR 5,000 without one)
- Multiple product types including Invest, VL, Junior, and TopZins
- Available in English, which is uncommon among German robo advisors
Cons
- Only available to investors in Germany
- No self-directed trading - all portfolio decisions are fully automated
- Green strategies have historically shown lower returns than global strategies
- No demo or trial account available
- No joint accounts offered
- 0.75% management fee is higher than the cheapest passive ETF brokers
- Limited asset class exposure - no direct access to individual stocks, forex, or crypto