Self Bank (Selfbank by Singular Bank) review

The account fee is €0, so nothing is charged to keep the account open. On that measure Self Bank sits at 1 among 138 brands ranked the same way. For a buy and hold investor that removes the one cost that arrives whether you trade or not.

Regulated in ES by Banco de Espana and CNMV, with investor protection stated as EU ICS up to EUR 20,000. That figure is the ceiling the scheme covers, so cash parked above it sits outside the protected amount. Size any cash holding against that limit rather than assuming full cover.

The listed markets are funds and stocks, a deliberately short range built around company shares and funds. No forex, CFD or crypto line appears in it. Anyone who needs those instruments should look at a platform such as CFI, whose markets run to stocks, etfs and forex.

Self Bank is the brand of Singular Bank, founded in 2000 and based in Spain. Domestic transfers come at no charge, which suits an account expected to hold cash as well as investments. The account is provided by a bank entity rather than a derivatives broker.

Domestic transfers are free, so moving money in and out does not carry a separate charge. That matters for smaller balances, where a flat fee on each withdrawal would eat into the position. The free part covers transfers inside ES, and anything cross border is a separate question for the bank.

On the account fee there is no gap: Self Bank charges €0, eToro $0 and Vantage $0. The decision then comes down to markets and how the money is held, since Self Bank lists funds and stocks and states protection of EU ICS up to EUR 20,000.

Across the stocks category on this site, 72.03% of retail accounts lose money, and the highest share recorded is 88%. A free account fee removes a cost, not a loss, so position sizing and time in the market matter more here than the charge for holding the account.