Piraeus Bank review

The published minimum investment is €5,000, which is the entry point for the managed service. That is a high bar next to the €25 median across the robo-advisors on this site, and it places Piraeus Bank at position 74 of 82 on this measure.

Piraeus Bank is supervised by the Bank of Greece and holds the registration MiCA CASP 213800OYHR1MPQ5VJL60. The protection recorded for it is EU ICS up to EUR 20,000, the figure to weigh alongside the minimum investment when judging how much sits at stake.

Yes. Joint accounts are the account type offered here, listed as joint. On the wider site joint accounts appear on 46.3% of the providers compared, so the structure is a common one rather than an unusual choice.

Support runs on phone, email and help centre, so a phone line, email, a help centre and chat are all available. For comparison, a help centre appears on 84.6% of the providers listed and phone support on 56.7%, which places Piraeus Bank among the better supported options in the comparison.

It suits a saver in GR who can commit €5,000 and prefers a bank relationship to a trading app. The site rates beginners as the audience most served by this kind of service, at 76.1%, so a first-time investor is not an unusual customer here.

Losses are common across this corner of the market: the median retail loss percentage is 70.15%, with the upper quartile at 74.5%. A managed portfolio from a bank cuts the day-to-day work but leaves those figures unchanged.

eToro's managed portfolios start at $500, Vivid Standard at €2 and Axos Invest at $100. All three sit below the €5,000 asked for here, so Piraeus Bank trades entry cost for a bank licence and a large starting balance.

The legal entity is PIRAEUS BANK Société Anonyme (S.A.), headquartered in Greece and founded 1916. Age matters because the registration MiCA CASP 213800OYHR1MPQ5VJL60 sits with an established bank rather than a new entrant, though the service itself is a managed portfolio rather than a dealing platform.