Quirin Privatbank review

The service takes a management fee of 0.88% to 1.48%, taken as part of the performance packages rather than as a per-trade charge. The robo-advising median on the site is 0.35%, so the fee sits above the typical figure in this group.

The legal entity is Quirin Privatbank AG, which is supervised by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). It is a German bank, founded in 1998 and based in Germany, so the account sits inside the German and European banking system.

The stated investor protection is EU ICS up to EUR 20,000. Because the account is held at a bank rather than a trading platform, deposits fall under the European deposit guarantee arrangement, with the stated ceiling above.

The listed markets are etfs and funds, so the service builds portfolios from ETFs and funds rather than from individual shares or derivatives. Portfolio options are given as etf, esg and cash, which lets you tilt towards ESG or hold part of your money in cash.

Yes, mobile app is listed, so you can manage the portfolio from a phone. A mobile app is offered by 96.7% of the robo advisors on the site, which makes this a common feature rather than a differentiator.

Support runs on email, phone and help centre, so you can reach the team by phone, by email or through a help centre. Email support is offered by 73.1% of the brands listed, and phone support by 56.7%.

The service is built for long term saving rather than frequent trading, and 100% of the robo advisors on the site are aimed at beginners. Only 0% of the group target day traders, so active traders are not the audience here.