growney review

growney takes a management fee of 0.38% to 0.68% a year on the portfolio it runs. That is the main ongoing cost, and it sits in the middle of the robo-advisor range, where the upper quartile reaches 0.6%. Day and fixed-term deposits add no deposit or withdrawal charge.

The minimum investment is €25, below the robo-advisor median of €60.06. A low entry suits a beginner trying a managed approach, and it makes it easy to hold a small portfolio while the rest of the money sits in savings.

Deposits and withdrawals for day and fixed-term deposits cost nothing at growney. The one recurring charge on the investment side is the management fee of 0.38% to 0.68% a year. Cash in the savings area earns 2.25%, which is the reason to keep part of the balance there.

growney GmbH is supervised by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) and Deutsche Bundesbank, the German authorities for banking and financial services. The business dates back to 2014, so it is an established German operation rather than a new entrant. German supervision also means the firm answers to national watchdogs.

Investor protection is EU ICS up to EUR 20,000. That figure is the ceiling for a claim if the firm cannot pay, which matters most for the savings side of the account. The ETF portfolios still move with market prices, whatever that cover provides.

Yes. Joint and corporate accounts are both offered, as joint and corporate shows, which covers couples sharing a portfolio and companies investing for their owners or staff. The portfolio styles available are etf, esg and cash, so a plan can lean towards an ETF, ESG or cash approach.

The market list is etfs and funds, so the account is built around funds rather than individual share dealing. That suits someone who wants a ready-made portfolio and would rather not pick holdings. Anyone who wants to place each trade themselves will find eToro, with a management fee of 0%, the opposite fit.

The brand names beginners as its main audience in beginners, and that shapes the whole product: ready-made portfolios, a low entry at €25 and support on phone, chat and email. Someone who wants to build and rebalance their own holdings will find less here to work with.