UnitPlus review

UnitPlus charges a management fee of 0.5% on the money it manages. For comparison, the site median management fee is 0.4% and the upper quartile reaches 0.6%, so the figure here stays well under the higher end of the market.

The minimum deposit is €0, so an account can be opened and funded at no cost. The site median minimum deposit is €4.64 and the site minimum is €0, and CFI also lists a minimum deposit of $0.

Deposits and payments are free, including payments in foreign currency, and the only charge is a small fee per cash withdrawal. Currency conversion carries a fee of 0%, so converting money does not add a second layer of cost.

UnitPlus InnoInvest GmbH is based in Germany and regulated by IHK Berlin (34f GewO). Investor protection is stated as EU ICS up to EUR 20,000, a capped limit rather than a full balance guarantee, so it is worth weighing against any balance you hold.

The listed markets are stocks, etfs and bonds, and portfolio types run to ETF, ESG and cash plans. There is no listed forex, CFD, crypto or derivatives dealing, so anyone wanting those markets should compare elsewhere.

Access is through the app, listed as the only platform on offer, with a mobile app among the features. That suits investors who are happy to manage everything on a phone but offers no desktop platform for detailed order work.

The managed portfolios point to investors who prefer a set portfolio to picking holdings themselves, while a corporate account type is also listed. Beginners make up 76.1% of the brands on the site, matching the profile of a simple app-based approach.

Protection is stated as EU ICS up to EUR 20,000, which is the listed limit rather than a full balance guarantee. Retail accounts that lose money typically run at 70.15% across the site, so losses are common whatever the protection level.