growney vs Saxo - BrokerCue
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Broker Comparison

growney vs Saxo

Compare growney and Saxo side by side: fees, regulation, platforms.

growney

growney

Low-cost ETF portfolio investing in Germany

growney is a German BaFin-licensed robo-advisor offering ETF-based managed portfolios across 23 strategies, i…

VS
Saxo

Saxo

Multi-asset investors and active traders

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, op…

Head-to-head comparison

growney vs Saxo
Feature growney Saxo
Minimum deposit - No minimum deposit
Stock trading fee - Commissions from $1 on US stocks; commissions from EUR 2 on Euronext Amsterdam, Lisbon, and Paris
Regulators BaFin DANISH FSA
Best for Low-cost ETF portfolio investing in Germany Multi-asset investors and active traders
Markets & account
Stocks
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ETFs
Forex
-
CFDs
-
Bonds
-
Options
-
Futures
-
Investment Plans
-
Ready Made Portfolios
-
Business Account
Funds
-
Margin
-
Demo Account
-

Pros & cons

growney

growney

Pros

  • Low annual management fee: 0.68% under EUR 50,000, drops to 0.38% above
  • No deposit, withdrawal, transaction, or inactivity fees
  • 23 investment strategies including conventional, sustainable (growgreen), and specialty
  • BaFin-licensed asset manager; client ETFs held as protected special assets
  • Savings plans from EUR 25 per month with no minimum term
  • Withdrawal plans available from EUR 2,000 balance
  • Business and joint investment accounts available
  • Tax optimisation and annual rebalancing included in management fee

Cons

  • No native mobile app - platform is web-based only
  • Portfolio rebalancing occurs only annually (December) unless drift exceeds 10%
  • ETF-only approach: no individual stocks, bonds, or active fund selection
  • No children's accounts (planned with future Upvest custody migration)
  • Minimum EUR 500 for lump-sum deposits (EUR 25 for savings plans)
  • Sustainable strategies have historically underperformed conventional equivalents
  • Higher total cost (approx. 0.90% all-in) for balances below EUR 50,000
Saxo

Saxo

Pros

  • No platform fee and no inactivity fee
  • No minimum deposit for individual accounts
  • US stock and ETF commissions start from $1
  • 20-day demo account includes USD 100,000 simulated funds
  • Currency conversion fee capped at ±0.25%
  • Mutual funds have $0 commission, custody, and platform fees
  • One login gives access to SaxoInvestor and SaxoTrader

Cons

  • Classic custody fee is 0.15% p.a. on stocks, ETFs/ETCs, and bonds
  • Manual orders by phone, chat, or email cost EUR 50
  • Classic emailed reports cost USD 50 per request
  • Classic and Platinum instrument additions cost USD 200
  • Terminated accounts can incur EUR 15 per month administration fee
  • Proxy voting costs EUR 30 annually plus EUR 5 per vote
  • Some desktop market data features require a subscription
growney

growney

growney is a German BaFin-licensed robo-advisor offering ETF-based managed portfolios across 23 strategies, including sustainable options, with a tiered fee structure and no transaction costs.

Visit growney Read review

Your capital is at risk. Other fees apply.

Saxo

Saxo

Saxo is a Danish bank and broker with investing and trading platforms covering stocks, ETFs, funds, bonds, options, CFDs, forex, and futures.

Visit Saxo Read review

Your capital is at risk. Other fees apply.

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