LIQID Review

Affluent investors seeking digital wealth management

BaFin

Founded 2016 · Germany

Why investors choose this broker

BaFin-regulated with assets held as segregated Sondervermogen
Custody at V-Bank with statutory deposit protection up to EUR 100,000
Access to private equity, private debt and infrastructure from EUR 20,000 via ELTIF
No account opening, deposit, withdrawal or inactivity fees

Review summary

LIQID is a Berlin-based digital wealth manager offering ETF portfolios, actively managed strategies and private markets access to investors from EUR 100,000.

Pros

BaFin-regulated with assets held as segregated Sondervermogen
Custody at V-Bank with statutory deposit protection up to EUR 100,000
Access to private equity, private debt and infrastructure from EUR 20,000 via ELTIF
No account opening, deposit, withdrawal or inactivity fees
Combination of algorithmic portfolio management and personal advisors
20 investment strategies across passive ETF, sustainable and actively managed approaches
Fees up to 60% lower than traditional German wealth management banks

Cons

High minimum investment of EUR 100,000 for wealth management strategies excludes most retail investors
No demo account available
No savings plan or recurring deposit option for wealth management strategies
Private markets products carry management and performance fees significantly above ETF strategies
Limited to German market - not available to investors outside Germany
Select strategy has not consistently outperformed passive alternatives after costs

Company background

LIQID was founded in Berlin in 2016 by Christian Schneider-Sickert, previously at Goldman Sachs and Bertelsmann, to give affluent private investors access to strategies and asset classes typically reserved for institutional clients. The company operates through LIQID Investments GmbH (technology) and its regulated subsidiary LIQID Asset Management GmbH (portfolio management). As of 2026, LIQID manages over EUR 3 billion for approximately 10,000 clients and holds B Corp certification. Investment expertise is provided in partnership with LGT and HQ Trust.

Fees and pricing

LIQID charges tiered annual management fees based on strategy and invested amount. For LIQID Global and LIQID Global Future (passive ETF-based), the service fee ranges from 0.50% p.a. at entry to 0.25% p.a. at higher amounts. For LIQID Select (actively managed with hedge fund exposure), fees range from 0.90% to 0.60% p.a. Total all-in costs including fund expenses are approximately 0.52% p.a. for Global and 1.22% p.a. for Select. LIQID Income (cash management) carries a total all-in cost of 0.45-0.70% p.a. depending on invested amount. There are no account opening, deposit, withdrawal or inactivity fees, and no performance fees on wealth management strategies. Private Markets NXT products carry a 12.5% performance fee above an 8% hurdle rate.

Regulation and safety

LIQID Asset Management GmbH holds a financial portfolio management licence from BaFin and is supervised by the Deutsche Bundesbank. Client assets are held as Sondervermogen (segregated assets) at V-Bank AG and are legally separated from LIQID's own balance sheet. Statutory deposit protection covers up to EUR 100,000, with voluntary enhanced coverage of up to EUR 750,000 through V-Bank's deposit protection membership. In the event of LIQID's insolvency, client portfolios remain intact and can be transferred to another institution.

Platform experience

LIQID is accessible via a web portal and native iOS and Android apps. The platform provides real-time portfolio reporting, monthly performance attribution and a dashboard showing asset class allocations. Clients are assigned a personal advisor with proactive communication and periodic reviews. Onboarding is fully digital and includes a suitability questionnaire and video identification. LIQID does not offer a demo account or a recurring savings plan for standard wealth management. The Private Equity NXT ELTIF product includes an optional EUR 200 per month savings plan.

Pros and cons

LIQID's strengths include BaFin regulation, segregated asset custody, fees below traditional private banking, access to private markets from EUR 20,000, native iOS and Android apps, and a hybrid digital-plus-advisor model. The main drawbacks are the EUR 100,000 minimum investment for standard strategies, no demo account, no savings plan for standard wealth management, and higher costs for actively managed and private market strategies compared to low-cost ETF robo-advisors.

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Trading fees & commissions

Annual management fees range from 0.25% to 0.90% depending on strategy and invested amount; total all-in costs including fund expenses range from approximately 0.52% to 1.22% p.a. No account opening, deposit, withdrawal or inactivity fees apply.

Fees

Item	Fee
Account	No account opening fee
Custody	No separate custody fee
Deposit	No deposit fee
Fund Costs	Approx. 0.15-0.40% p.a. depending on strategy (included in total cost figure)
Inactivity	No inactivity fee
Management	LIQID Global/Global Future: from 0.25% to 0.50% p.a.; LIQID Select: from 0.60% to 0.90% p.a. (tiered by invested amount)
Withdrawal	No withdrawal fee
Private Markets	Private Markets NXT: approx. 2.82% ongoing + 12.5% performance fee above 8% hurdle rate

Trading platform & features

Platforms

LIQID Web Portal
Web app
iOS app
Android app

Regulation and investor protection

Broker FAQs

Is LIQID safe?

LIQID Asset Management GmbH is licensed by BaFin and supervised by the Deutsche Bundesbank. Client assets are held as Sondervermogen (segregated assets) at V-Bank AG and are legally separated from LIQID's company assets.

Is LIQID a scam?

No. LIQID Asset Management GmbH is regulated by BaFin and has been operating since 2016. It manages over EUR 3 billion for approximately 10,000 clients and holds a certified B Corp status.

Is LIQID regulated and by whom?

Yes. LIQID Asset Management GmbH holds a financial portfolio management licence from BaFin (Germany's Federal Financial Supervisory Authority) and is jointly supervised by the Deutsche Bundesbank.

Does LIQID keep client funds in segregated accounts?

Yes. Client assets are held as Sondervermogen (legally segregated special assets) at V-Bank AG, a specialist custodian bank, and are entirely separate from LIQID's own assets.

What happens to my money if LIQID goes bankrupt?

Because client assets are held as segregated Sondervermogen at V-Bank AG, they are not part of LIQID's balance sheet. In the event of insolvency, portfolios remain intact and can be transferred to another custodian or institution.

What products does LIQID offer?

LIQID offers ETF-based wealth portfolios (LIQID Global, LIQID Global Future), an actively managed strategy using hedge funds and active funds (LIQID Select), a cash management product (LIQID Income), and private markets products including private equity, private debt, infrastructure and venture capital.

Does LIQID offer ETFs?

Yes. LIQID Global and LIQID Global Future are built primarily on ETFs and ETCs. LIQID Select supplements ETFs with active funds and hedge fund allocations.

Does LIQID offer private equity?

Yes. LIQID offers private equity through Private Markets NXT (ELTIF structure, minimum EUR 10,000-20,000) and Private Equity PRO (minimum EUR 200,000). These products carry higher fees and are less liquid than the standard wealth management strategies.

Does LIQID offer a sustainable investment option?

Yes. LIQID Global Future is an ESG-oriented strategy built on sustainable ETFs. It shares the same fee structure as LIQID Global.

What is the minimum investment at LIQID?

The minimum investment for LIQID wealth management strategies (Global, Global Future, Select) is EUR 100,000. Private Markets NXT can be accessed from EUR 20,000, or from EUR 10,000 with a EUR 200 per month savings plan.

What does LIQID charge for its wealth management strategies?

Annual management fees range from 0.25% to 0.90% p.a. depending on the strategy and invested amount. Total all-in costs including fund expenses are approximately 0.52% p.a. for LIQID Global and 1.22% p.a. for LIQID Select.

Is there a withdrawal fee at LIQID?

No. LIQID does not charge a withdrawal fee. There are also no account opening, deposit or inactivity fees.

Does LIQID charge an inactivity fee?

No. LIQID does not charge an inactivity fee.

Does LIQID charge performance fees?

LIQID does not charge performance fees on its wealth management strategies (Global, Global Future, Select). Private Markets NXT products carry a 12.5% performance fee above an 8% hurdle rate.

Does LIQID have a demo account?

No. LIQID does not offer a demo account.

Does LIQID have a mobile app?

Yes. LIQID offers native iOS and Android apps alongside the web portal.

Is LIQID good for beginners?

LIQID is not designed for beginners. The EUR 100,000 minimum investment, focus on affluent investors, and absence of a demo account make it unsuitable for investors who are new to investing or have smaller amounts to invest.

Is LIQID good for long-term investing?

LIQID is designed for long-term wealth management and offers portfolio strategies based on ETFs, active funds and private markets. The private markets products have multi-year lock-up periods, making them suitable only for investors with a long investment horizon.

Bottom line

LIQID suits users who have at least EUR 100,000 to invest and want a BaFin-regulated digital wealth manager combining automated portfolio management with personal advisor access at fees below traditional private banks. It may not suit users who want a low minimum investment, a demo account, or the flexibility of a self-directed brokerage platform.

LIQID

Affluent investors seeking digital wealth management

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Your capital is at risk. Other fees apply.