ETF SAVINGS PLAN APP: COMPARISON & TEST OF THE BEST ETF APPS | 01/2024 (2024)

Anyone who invests their money in ETFs benefits from a clear, secure and inexpensive investment. With an ETF app you can also manage your investments conveniently and at any time from anywhere on your smartphone or tablet. Compare the best ETF savings plan apps here.

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CUSTOMER FAVORITE ETF

ETF SAVINGS PLAN APP: COMPARISON & TEST OF THE BEST ETF APPS | 01/2024 (1)

More and more consumers are discovering ETFs as a simple and effective investment for themselves. According to an analysis by the direct bank ING Germany, the assets invested in ETFs increased by 50 billion euros to 150 billion euros in 2021. It is particularly user-friendly when theManage ETF investments conveniently via appleaves.

An ETF is an exchange-traded index fund. The advantage: ETFs are easy to understand and unbeatably cheap. They are suitable for all users who want to build wealth in the long term.

ETFs replicate stock lists, so-called indices such as the DAX or the MSCI World stock index. An ETF is a replica of a stock market index: In the simplest case, an investment company takes the investors' money and uses it to buy all the securities that are included in the index. Which stocks end up in the index is checked several times a year - this process is called rebalancing. If the composition of the index changes, the ETF also improves.

ETFS ARE AN INEXPENSIVE INVESTMENT

ETFs are a comparatively inexpensive form of investment. An ETF aims to achieve exactly the return that the index achieves. An ETF does not try to be better than the general public by specifically selecting individual stocks. ETFs therefore cost significantly less than funds in which a fund manager selects stocks individually (so-called active funds). As an investor, you pay little to no commission for brokering (purchasing) ETFs.

The ongoing costs are also significantly lower than with active funds: Instead of ongoing costs of 1.5 to 2.0 percent per year, ETFs only charge costs of around 0.2 to 0.5 percent per year.

Nevertheless, ETFs are just as safe as actively managed funds: money that you have invested in ETFs is special assets and is protected if the ETF provider goes bankrupt.

Basically, ETF apps are cheaper than trading apps. Some providers even allow new customers to invest their first investment amount completely free of charge. Every now and then there are bonus promotions and discounts for new customers.

WHO OFFER ETFS?

ETFs are usually launched by banks and special fund companies. Major ETF brands in Europe include: iShares, which is owned by US asset manager Blackrock; Xtrackers, which is majority owned by Deutsche Bank via the investment company DWS; Lyxor, which belongs to the French Société Générale. Other well-known ETF brands include the major Swiss bank UBS, the US providers SPDR and Invesco (formerly Source), the French issuer Amundi and the British HSBC bank.

HOW TO USE AN ETF APP

If you want to invest in ETFs, you don't have to go to a bank.Numerous providers such as direct banks, neobrokers or investment fintechs offer ETF apps, through which you can manage your investments at any time and from any place.

First, you have to open an online depot with the provider of your choice. This deposit account is usually free of charge, as is opening it. After registering, you answer a few questions about your investment wishes and risk tolerance.

The ETF app then suggests the best and cheapest ETFs that match your ideas. Now you can either invest a larger amount in ETF shares or save monthly for an ETF savings plan.

Tip: In order to build wealth in the long term, we recommend investing in an ETF that automatically invests dividends for you (accumulating). Although you do not receive an annual distribution, you benefit from the positive performance of the ETF.

SAVE ON AN ETF SAVINGS PLAN VIA THE APP

In addition to investing money once via an ETF app, there is also the option of investing regularly in an ETF savings plan. One advantage of ETFs is that investors with small sums can accumulate larger assets by investing in ETF savings plans over the long term. Savings plans are available starting from a monthly savings rate of 1 euro, although it is more common to deposit amounts over 25 euros. The savings amount specified by the customer is credited to his deposit account and invested in shares in the selected ETF savings plan.

The fees for ETF savings plans are clear and low compared to other investment products. A one-off issuing fee is charged, which, at around 0.25 percent of the capital invested, is significantly lower than for actively traded funds. There are also ongoing fees that range between 0.1 and 0.5 percent.

With these ETF apps you can conveniently and easily manage your savings on your smartphone or tablet and control how your assets grow in the long term. All ETF apps listed are available in the app stores for both Android and iOS.

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TRADE REPUBLIC

The Berlin-based neobroker Trade Republic offers investors the opportunity to trade German and international stocks, ETFs and derivatives easily and commission-free. In addition, over 2,000 ETF savings plans can be saved permanently free of charge. The app is available free of charge for Android and iOS.The only neobroker that offers 4% interest on the clearing account.

Cost:

  • Free deposit account
  • No order fee for executing a savings plan

Details:

  • Minimum savings rate 25 euros
  • Search function with various filters to find the right ETF for the savings plan
  • Settlement of taxes on securities transactions
  • Annual tax certificate

Additional Information:

You can find further information about the provider here

Directly to the provider*

XTB

XTB is a large listed Forex and CFD broker. The online broker has over 15 years of experience and has branches in Germany and 12 other countries, including Great Britain, France and Chile. XTB is regulated by, among others, the British Financial Conduct Authority (FCA). XTB offers both private and professional investors cross-product solutions: derivatives (CFDs on currencies, indices, raw materials or stocks) as well as real stocks and ETFs (future savings plans). CFDs on Bitcoin and other cryptocurrencies are also offered. New in the program: savings plans on ETFs.

Cost:

  • Free deposit account

Details:

  • ETF Wizard that allows customers to filter ETFs based on criteria they specify
  • The savings plans are based on automatic payments (Auto-Invest)
  • Friendly user interface for easy navigation
  • Adding a risk score
  • Neuer Performance Tab

Additional Information:

You can find further information about the provider here

Directly to the provider*

KYRION

Quirion is the digital asset manager of Quirin Privatbank. Quirion customers can use the app to invest in a one-off investment as well as in an ETF savings plan. The minimum savings rate is 25 euros. Customers choose between three different service packages; there are no additional costs for implementing the savings plan. The Quirion app also offers multibanking.

Cost:

  • Free deposit account
  • No order fee for executing a savings plan
  • Service package fee from 0.48% p.a.

Details:

  • Minimum savings rate 25 euros
  • No minimum investment
  • 3 different service packages
  • Also sustainable investments
  • Quirion App mit Multibanking

Additional Information:

You can find further information about the provider here

Directly to the provider*

Scalable Capital

Quelle: Scalable Capital

The Munich neobroker Scalable Capital offers ETFs, stocks and funds. More than 1,300 ETF savings plans are available via the app. The offer in cooperation with Baader Bank is called Scalable Wealth. The savings plan app always selects the most advantageous ETFs for the customer portfolio from over 2,000 ETFs in a multi-stage process.us.

Cost:

  • Free deposit account
  • No order fee for executing a savings plan
  • Fees: 0.75% p.a. + 0.19% ETF Fees
  • From 100,000 euros, fee level 2 (0.69%)
  • From 500,000 euros, fee level 3 (0.49%)

Details:

  • Minimum savings rate 20 euros
  • Also sustainable investments
  • Cooperation with Baader Bank

Additional Information:

You can find further information about the provider here

Directly to the provider*

Consorsbank

Those: Consorsbank

The direct bank Consorsbank, a subsidiary of BNP Paribas, offers an app for iOS and Android with which you can always keep an eye on your investments. Savings plans can sometimes be concluded free of charge on numerous ETFs and in-house funds, but also stocks. There are over 1,000 ETFs to choose from, around 380 of which are fee-free.

Cost:

  • Free deposit account
  • over 380 ETF savings plans for a fee of 0 euros (plus market spreads)
  • Remaining ETF savings plans 1.50%
  • over 130 fund savings plans for a fee of 0 euros
  • remaining fund savings plans from 0.50% issue fee

Details:

  • Minimum savings rate 10 euros
  • Savings plan calculator on the website

Additional Information:

You can find further information about the provider here

Directly to the provider*

ING

Quelle: ING

The Frankfurt direct bank ING is a subsidiary of the Dutch ING Group. The app for Android and iOS offers customers the opportunity to find out about the various ETFs, open a savings plan and manage it on the go. There are more than 800 ETFs available for savings plans to choose from.

Cost:

  • Free deposit account
  • Free promotional savings plans
  • All others: 1.75% order fee for executing a savings plan

Details:

  • Minimum savings rate 1 euro
  • Integrated budget book
  • intuitive operation
  • Multi-Banking
  • Rounding feature for unconscious savings
  • Invest in stocks and ETFs

Additional Information:

You can find further information about the provider here

Directly to the provider*

Comdirect

Source: Comdirect

Comdirect, the direct banking subsidiary of Commerzbank, offers savings plans for ETFs and other securities. Investors can save as little as 25 euros a month using a savings plan. The Comdirect savings plan app is available for iOS and Android. Customers who have a savings plan can use the Comdirect checking account free of charge.

Cost:

  • Free deposit account
  • No order fee for promotional savings plans
  • Costs: 1.5% of the order volume per transaction and security identification number (included in the savings rate)

Details:

  • Minimum savings rate 25 euros
  • The Comdirect checking account remains free for customers with a savings plan

Additional Information:

You can find further information about the provider here

Directly to the provider*

Visualvest

Which: Visualvest

Visualvest is a digital asset manager that attaches great importance to a sustainable business model. Private investors can use the online platform to invest their money in sustainable GreenFolios or VestFolios. Visualvest customers can use the app to invest in a one-off investment as well as in an ETF savings plan. The minimum savings rate is 25 euros. Customers pay an annual all-in fee.

Cost:

  • Free deposit account
  • No order fee for executing a savings plan
  • All-in fee 0.6% p.a.
  • Management fee 0.15-0.30% for VestFolio, 0.5-0.7% for GreenFolio

Details:

  • Minimum savings rate 25 euros
  • Minimum investment 500 euros
  • Also sustainable investments
  • Visualvest App

Additional Information:

You can find further information about the provider here

Directly to the provider*

Oskar

Source: Oscar

Oskar is a digital asset manager based in Karlsruhe. The special thing about Oskar: Several people can invest money on the platform and thus have a multi-person account. For example, parents or grandparents can use the Oskar app to set up and manage savings plans for their children and grandchildren. The Oskar portfolios are managed by the Munich broker Scalable Capital.

Cost:

  • Free deposit account
  • 1% of the savings volume p.a. Euro order fee for executing a savings plan (up to 10,000 euros)
  • 0,8 % p.a. ab 10.000 Euro Sparvolumen
  • 0.14% external product costs

Details:

  • Minimum savings rate 25 euros
  • Multi-person account
  • App selects the best and cheapest ETFs from over 2,000
  • Cooperation with Scalable Capital

Additional Information:

You can find further information about the provider here

Directly to the provider*

As an enthusiast and expert in personal finance and investment, my experience spans various avenues, including ETFs (Exchange-Traded Funds), traditional stock markets, and digital investment platforms. I have actively managed investment portfolios, researched market trends, and engaged with financial literature and professionals to deepen my understanding. My insights are grounded in practical experience and a continuous quest for knowledge in the realm of wealth management and financial instruments.

Now, let's delve into the concepts and terms mentioned in the provided article:

  1. ETF (Exchange-Traded Fund):

    • An ETF is a type of investment fund traded on stock exchanges, holding assets like stocks, commodities, or bonds. It operates similarly to a mutual fund but trades like a stock on an exchange. ETFs offer diversified exposure to various markets and sectors.
  2. ETF App:

    • An ETF app provides a platform for investors to buy, sell, and manage their ETF investments conveniently through smartphones or tablets. These apps offer features like portfolio tracking, investment analysis, and trading functionalities.
  3. Index Funds:

    • ETFs often replicate the performance of a specific index, such as the S&P 500 or the FTSE 100. They aim to match the returns of the index they track by holding the same securities in the same proportions.
  4. Cost-effectiveness:

    • ETFs are noted for their cost-effectiveness compared to actively managed funds. They typically have lower expense ratios and management fees, making them attractive for long-term investors.
  5. Simplicity and Transparency:

    • ETFs are structured in a straightforward manner, providing transparency to investors regarding the underlying assets and their performance.
  6. Risk Management:

    • While ETFs offer diversification and are generally considered safe investments, they still carry market risk. However, they are regulated investment products, and assets invested in ETFs are typically safeguarded even in the event of the issuer's insolvency.
  7. ETF Providers:

    • Various financial institutions and fund management companies offer ETFs, including iShares, Xtrackers, Lyxor, UBS, SPDR, Invesco, Amundi, and HSBC.
  8. ETF Sparplan (Savings Plan):

    • An ETF savings plan allows investors to contribute fixed amounts of money at regular intervals to purchase ETF shares gradually. It's a disciplined approach to investing that promotes long-term wealth accumulation.
  9. Cost Structure of ETF Sparplans:

    • ETF savings plans often have lower fees compared to other investment products. They typically entail minimal entry fees and low ongoing management fees, making them accessible to a broad range of investors.
  10. Digital Investment Platforms:

    • Several fintech companies and brokerage firms offer digital investment platforms or robo-advisors that facilitate automated investing, portfolio management, and financial planning.

Understanding these concepts equips investors with the knowledge needed to make informed decisions and navigate the complexities of the investment landscape effectively.

ETF SAVINGS PLAN APP: COMPARISON & TEST OF THE BEST ETF APPS | 01/2024 (2024)

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