Whitebox review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Whitebox is a German robo-advisor for investors who want portfolios built from ETFs and want the fee and the entry amount settled up front: a deposit of €25 and fees of 0.35% to 0.95%. It is supervised by the Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) with deposits covered by EU ICS up to EUR 20,000.
Key facts
- Best for
- An automated ETF portfolio funded by a small first deposit.
- Management fee
- 0.35% to 0.95% (Source, checked September 26, 2026)
- Regulators
- Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) (Source, checked September 26, 2026)
- Investor protection
- EU ICS up to EUR 20,000 (Source, checked September 26, 2026)
- Portfolio types
- ETF, ESG, Cash (Source, checked September 26, 2026)
- Legal entity
- Whitebox GmbH (Source, checked September 26, 2026)
- Headquarters
- Germany (Source, checked September 26, 2026)
- Founded
- 2016 (Source, checked September 26, 2026)
- Support channels
- Email, Phone, Help-centre (Source, checked September 26, 2026)
- Official website
- whitebox.eu
Brokers
- Minimum deposit
- €25 (Source, checked September 26, 2026)
- Account fee
- €0.35 to €0.95 (Source, checked September 26, 2026)
- Markets
- ETFs (Source, checked September 26, 2026)
- Regulators
- Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) (Source, checked September 26, 2026)
- Investor protection
- EU ICS up to EUR 20,000 (Source, checked September 26, 2026)
- Legal entity
- Whitebox GmbH (Source, checked September 26, 2026)
- Headquarters
- Germany (Source, checked September 26, 2026)
- Founded
- 2016 (Source, checked September 26, 2026)
- Support channels
- Email, Phone, Help-centre (Source, checked September 26, 2026)
Apps and profiles
- Get the app
- App Store
Pros and cons
Pros
- Fees of 0.35% to 0.95% sit below the robo-advisor median, which is 0.35%.
- The account opens at €25, so a small starting sum is enough to be invested.
- Portfolio types of etf, esg and cash give a standard, ESG and cash route through the same account.
- Support covers email, phone and help centre, so phone and email sit alongside the help centre.
Cons
- Only etfs are covered, so there are no individual shares or wider markets to trade.
- The charge is quoted as a range, 0.35% to 0.95%, so the top of that range costs more than the bottom for the same service.
- Support runs on email, phone and help centre, with no live chat among the channels.
Who it suits
- Euro-area investors who want a locally regulated firm choosing and rebalancing the portfolio for them.
- First-time investors who would rather hold a set ETF strategy than choose funds themselves.
- Investors who want ESG and cash options alongside a standard ETF plan, covered by etf, esg and cash.
Who should look elsewhere
- eToro, for a management fee of 0% and a wider choice of markets to trade.
- Axos Invest, for readers who would rather hold their money under SIPC.
- Vivid Standard, for business plans where fees run 0.5% to 1.5%, above 0.35% to 0.95%.
How Whitebox compares
8.9 vs 9.0
8.9 vs 9.4
8.9 vs 8.7
MarketScreener
8.9 vs 9.4
8.9 vs 8.7
8.9 vs 9.0
8.9 vs 9.3
8.9 vs 8.7
8.9 vs 8.6
8.9 vs 9.2Lists a management fee of 0%, where Whitebox charges 0.35% to 0.95% for a managed ETF strategy.
8.9 vs 8.7
Kitco
8.9 vs 9.1
8.9 vs 9.0
8.9 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where Whitebox is available
- Available
- Germany
- Licence in Germany
- Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does Whitebox charge to manage my money?+
The fee is 0.35% to 0.95%, charged as the management fee, and the same figure is listed as the account fee of €0.35 to €0.95. Because it is a range, the plan you pick sets where you land inside it. It is the ongoing cost of the managed portfolio, not a one-off charge.
How much money do I need to open an account?+
The minimum deposit is €25, a small entry point for a managed portfolio. The robo-advisor median for a minimum investment is €60.06, so the bar sits toward the lower end of the category. Starting small is realistic.
Who regulates Whitebox, and what protection applies?+
The platform runs as Whitebox GmbH and is listed under Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin), the German financial supervisor. Investor protection is given as EU ICS up to EUR 20,000, which names the scheme and the limit it applies. That is the cover on money held with the platform.
What can I hold in a Whitebox portfolio?+
The markets entry lists etfs only, so the portfolios are built from funds rather than individual shares. Portfolio types run to etf, esg and cash, adding an ESG version and a cash option to the standard strategy. Anyone wanting single shares will not find them in the range.
How do I get help if something goes wrong?+
Support runs on email, phone and help centre: phone, email and a help centre. Across the sites compared, a help centre appears on 84.6% and email on 73.1%, so Whitebox covers the routes most rivals use. Live chat is not in its channel list.
When was Whitebox founded, and where is it based?+
The company behind the platform is Whitebox GmbH, which lists Germany as its headquarters country, and it was founded in 2016. As a robo-advisor it selects and rebalances the portfolio instead of placing individual trades, which is the main difference from a share dealing broker.
Is Whitebox a good fit for a first-time investor?+
It suits people who want a set ETF strategy rather than fund selection, and the entry point of €25 keeps the starting sum small. The robo-advisor median for a minimum investment is €60.06, so the bar is low. It suits those content to leave rebalancing to the platform.
How does the fee compare with cheaper platforms?+
Whitebox charges 0.35% to 0.95%, while eToro lists a management fee of 0% and Vivid Standard charges 0.5% to 1.5%. A fee-free platform is not automatically cheaper, since Whitebox does the picking and rebalancing across etf, esg and cash while a platform without that fee leaves the work with you.
Sources
- robo-advisorfinder.com/list/whitebox checked September 26, 2026
Backs: Account fee, Markets, Minimum deposit
“Fees: Between 0.35% and 0.95% per year”
- whitebox.eu checked September 26, 2026
Backs: Support channels
“Telefon: +49 761 76992299 E-Mail: service@whitebox.eu”
- whitebox.eu/affiliates checked September 26, 2026
Backs: Founded
- whitebox.eu/faq/hoehe-gebuehren checked September 26, 2026
Backs: Management fee
- whitebox.eu/impressum checked September 26, 2026
Backs: Headquarters, Investor protection, Legal entity, Regulators, Licences
“Ingeborg-Krummer-Schroth-Str. 30 D-79106 Freiburg i. Br.”
- whitebox.eu/strategien checked September 26, 2026
Backs: Portfolio types
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Minimum investment.