MeDirect Bank review

The account fee is €0, which puts it at the cheaper end of the field. That is the headline cost on the bank side. Portfolio management is charged separately, at 1.2%, so the two figures should be read together rather than one at a time.

The minimum investment is €100, and the management fee on the discretionary service is 1.2%. The service covers portfolio types including etf, esg and cash. The account fee of €0 is separate from this, and applies to the account rather than the mandate.

The entity is MeDirect Bank (Malta) plc, supervised by Malta Financial Services Authority. Investor compensation is EU ICS up to EUR 20,000, which sets the ceiling on claims if the firm fails. The protection is stated in those terms, so check the scheme wording for how a claim is handled.

The investing side lists stocks, etfs and bonds. That is a narrower list than a typical trading platform, and it carries no forex, CFDs or crypto line. If you need those instruments, the comparison options here cover more of them.

Support runs on email, phone and help centre. A help centre, email and phone cover most questions, but no live chat is listed. For a bank relationship, the phone and email routes are the ones to use.

It is a Malta-based bank, with MT as its home country, aimed at savers who want banking and investing in one place. The managed route suits people who would rather not pick holdings themselves. The €0 account fee keeps the holding side cheap.

The account types listed are corporate, and the investing line covers stocks, etfs and bonds through managed portfolios rather than an active dealing platform. Treat it as a bank with a managed investment service, not as a broker for frequent trades. If you trade often, the alternatives listed cover more instruments.

The account fee of €0 compares with $0 at eToro and $0 at Vantage. All three list the same charge for holding an account, so what separates them is the management fee and the asset range rather than the account charge.