quirion Review

Passive ETF investors in Germany

BaFin

Founded 2013 · Germany · Quirin Privatbank AG

Why investors choose this broker

BaFin-regulated via Quirin Privatbank AG full banking license
No deposit, withdrawal or inactivity fees
Low minimum investment of EUR 1 lump-sum or EUR 25/month savings plan
Automatic rebalancing included at no extra cost

Review summary

quirion is a German robo-advisor founded in 2013, offering BaFin-regulated, ETF-based managed portfolios with three service tiers and no minimum investment for the entry tier.

Pros

BaFin-regulated via Quirin Privatbank AG full banking license
No deposit, withdrawal or inactivity fees
Low minimum investment of EUR 1 lump-sum or EUR 25/month savings plan
Automatic rebalancing included at no extra cost
ETF holdings protected as Sondervermögen in case of insolvency
ESG portfolio variants available alongside standard strategies
Multiple service tiers scaling from fully digital to personal advisory
Consistently top-rated by Stiftung Warentest and Finanztip

Cons

No self-directed stock or ETF trading - managed portfolios only
German-language platform; not designed for non-German-speaking investors
No demo or paper-trading account
Privat tier requires EUR 25,000 minimum investment
Withdrawals process over several business days
No automated payout plan for the withdrawal phase
Mixed Trustpilot reviews with reports of account opening delays

Company background

quirion was founded in 2013 as Germany's first robo-advisor and is headquartered in Berlin. It operates as a wholly owned subsidiary of Quirin Privatbank AG, a fee-only private bank founded by Karl Matthäus Schmidt. Quirin Privatbank holds a full banking license and acts as the custodian for all quirion client assets. As of early 2026, quirion manages over EUR 3 billion in assets for more than 100,000 customers. The platform's investment philosophy is rooted in the Efficient Market Hypothesis, and all portfolios use passively managed ETFs and index funds rather than active stock picking.

Fees and pricing

quirion offers three service tiers. The Digital tier charges 0.48% p.a. on assets under management and provides fully automated portfolio management with hotline access. The Premium tier costs 0.84% p.a. and adds tailored advice by phone and video. The Privat tier costs 1.20% p.a. and requires a minimum of EUR 25,000; it includes a dedicated personal advisor. All tiers carry an additional average ETF fund cost of approximately 0.17% p.a. (TER), which is among the lower fund costs in the German robo-advisor segment. There are no setup fees, deposit fees, withdrawal fees, inactivity fees, performance fees or rebalancing charges. The minimum lump-sum investment is EUR 1, and savings plans start at EUR 25 per month.

Regulation and safety

quirion is regulated through its parent Quirin Privatbank AG, which is supervised by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) under a full banking license pursuant to section 32 of the German Banking Act (KWG) and is also subject to ECB supervision. Client ETF holdings are classified as Sondervermögen - special assets held in trust and legally segregated from the bank's own assets, meaning they would not form part of the bankruptcy estate in an insolvency. Cash balances on settlement accounts are covered by the statutory deposit guarantee scheme (EdB) up to EUR 100,000 per client, with additional voluntary protection through the BdB fund.

Platform experience

quirion provides a web-based dashboard and native iOS and Android apps. The interface allows users to monitor portfolio composition, view 30-year projection scenarios, switch between risk strategies via an interactive slider, and access an AI-powered financial chat tool. Account opening is fully digital via video identification or E-Ident. Automatic rebalancing is carried out at least once per year, or when a position deviates by more than 10% from its target allocation. Portfolio strategy switches carry no fee and can be completed through the app. Customer support is available by phone, email and live chat.

Pros and cons

quirion's main strengths are its BaFin regulation via a full-banking-license parent, low minimum investment requirements, transparent fee structure with no ancillary charges, and consistent recognition from German consumer organisations including Stiftung Warentest and Finanztip. The platform suits investors who want a disciplined, hands-off approach to global ETF investing. The main limitations are the absence of self-directed trading, no demo account, German-language-only interface, multi-day withdrawal processing, and mixed customer satisfaction scores on third-party review platforms.

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Trading fees & commissions

quirion charges an annual management fee of 0.48% (Digital), 0.84% (Premium) or 1.20% (Privat) on assets under management, plus an average ETF fund cost of approximately 0.17% p.a. There are no deposit, withdrawal, inactivity or performance fees.

Fees

Item	Fee
Account	No account opening fee
Deposit	Free
Fund Costs	Approximately 0.17% p.a. average TER across portfolio ETFs
Inactivity	Free
Withdrawal	Free
Performance	No performance fee
Rebalancing	Free; included in management fee
Management Privat	1.20% p.a. on assets under management (minimum EUR 25,000)
Management Digital	0.48% p.a. on assets under management
Management Premium	0.84% p.a. on assets under management

Trading platform & features

Platforms

quirion Web app
iOS app
Android app

Regulation and investor protection

quirion operates as a wholly owned subsidiary of Quirin Privatbank AG, a BaFin-licensed full bank supervised under German banking law. Client ETF holdings are classified as Sondervermögen (special assets), protected from insolvency, and cash balances are covered by statutory deposit insurance up to 100,000 EUR per client.

Broker FAQs

Is quirion safe?

quirion operates as a subsidiary of Quirin Privatbank AG, a BaFin-regulated bank with a full banking license. Client ETF holdings are held as Sondervermögen (special assets) and are legally protected from insolvency, and cash balances are covered by deposit insurance up to EUR 100,000 per client.

Is quirion a scam?

No. quirion is a regulated robo-advisor operated under Quirin Privatbank AG, which holds a full banking license and is supervised by BaFin and the ECB.

Is quirion regulated and by whom?

Yes. quirion operates through its parent company Quirin Privatbank AG, which is licensed by BaFin (the German Federal Financial Supervisory Authority) under a full banking license pursuant to section 32 of the German Banking Act.

Does quirion keep client funds in segregated accounts?

Yes. Client ETF holdings at quirion are classified as Sondervermögen - special assets held in trust and legally separate from the bank's own assets. Cash on settlement accounts is protected by deposit insurance up to EUR 100,000 per client.

What happens to my money if quirion goes bankrupt?

Client ETF holdings are classified as Sondervermögen and would not form part of the bankruptcy estate. Cash balances on settlement accounts are covered by the statutory deposit guarantee (EdB) up to EUR 100,000, with additional protection through the BdB voluntary fund.

What products does quirion offer?

quirion offers ETF-based managed portfolios across 20 allocation strategies, including standard and ESG variants. It also offers a savings plan starting at EUR 25 per month, a junior depot for minors, and a cash savings account. It does not offer self-directed stock or ETF trading.

Does quirion offer ETFs?

quirion uses ETFs as the building blocks for its managed portfolios, but does not offer self-directed ETF trading. Investors receive a diversified, automatically rebalanced portfolio of approximately 13 ETFs per strategy.

Can I choose my own stocks or ETFs on quirion?

No. quirion is a fully managed robo-advisor. Investors select a risk strategy and service tier, and quirion constructs and manages the portfolio. Self-directed stock or ETF trading is not available.

What is the minimum investment at quirion?

The minimum lump-sum investment is EUR 1 for the Digital and Premium tiers. The Privat tier requires a minimum of EUR 25,000. Savings plans start at EUR 25 per month.

What does quirion charge for portfolio management?

quirion charges 0.48% p.a. for the Digital tier, 0.84% p.a. for the Premium tier and 1.20% p.a. for the Privat tier. An average ETF fund cost (TER) of approximately 0.17% p.a. applies in addition.

Is there a withdrawal fee at quirion?

No. quirion does not charge a withdrawal fee. Withdrawals are processed to the registered reference account within several business days.

Does quirion charge an inactivity fee?

No. quirion does not charge an inactivity fee.

Are there any performance fees at quirion?

No. quirion does not charge performance fees. The annual management fee is the only service charge applied on top of the underlying ETF costs.

Does quirion have a demo account?

No. quirion does not offer a demo or paper-trading account.

Does quirion have a mobile app?

Yes. quirion offers native apps for iOS and Android, available through the App Store and Google Play. The app allows portfolio monitoring, strategy switching and access to support.

Is quirion good for beginners?

quirion suits beginners who want a low-cost, automated investment solution. The minimum investment is EUR 1, the interface is straightforward, and the platform handles all portfolio decisions and rebalancing automatically. The absence of a demo account and the German-language-only interface are limitations to note.

Is quirion good for long-term investing?

quirion is designed specifically for long-term, passive investing through globally diversified ETF portfolios. Its scientific investment approach, automatic rebalancing and low-cost structure make it well suited to a buy-and-hold strategy.

Bottom line

quirion suits investors based in Germany who want a regulated, low-cost, fully managed ETF portfolio with transparent fees and no ancillary charges. It may not suit investors who want self-directed trading, a demo account, a non-German interface, or rapid access to withdrawals.

quirion

Passive ETF investors in Germany

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Your capital is at risk. Other fees apply.