quirion review

The management fee is 0.48%, taken on the portfolio rather than per trade. Deposits and withdrawals carry no charge, and support comes through email, chat and phone. The fee sits above the robo-advisor median of 0.35%, so a large balance costs more than it would at a lower-fee rival.

quirion is regulated by Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), the German financial supervisor, so it operates under supervision rather than as an informal saving scheme. Money with quirion is covered by the EU investor compensation scheme up to the limit that scheme states. That protection concerns the firm failing, not the market moving against a portfolio.

The minimum investment is €0 and the minimum deposit is €25, so a small first sum is enough to open a portfolio. For comparison, the robo-advisor median minimum investment on the site is €60.06, so fewer readers are held back by a threshold.

The range covers etfs and funds, and the portfolio types are etf, esg and cash. In practice that means a core exchange traded portfolio, a sustainable option and a cash holding rather than a wide trading market. There is no individual share dealing here, so the account suits longer term saving more than active trading.

A mobile app is listed among the features, and the account can be run away from a desktop. Support runs on email, chat and phone, which covers phone, chat and email as well as a help centre, so a portfolio question can be raised without posting anything.

Yes, a joint account is among the account types offered, which suits couples who want one portfolio held together. The account types listed are joint, and the holding is treated as a single portfolio, so the management fee of 0.48% applies to it as a whole.

Deposits and withdrawals carry no charge, so moving money in and out does not eat into the portfolio. The minimum deposit is €25, and the account is set up around euro amounts. Because the fee is taken on the portfolio, regular transfers do not add a second cost.

The account works for readers who want a portfolio built for them rather than a dealing screen. The management fee is 0.48% against a minimum investment of €0, so a small sum is enough to start. Support on email, chat and phone helps when a rebalance needs explaining.