Pros:
✔️ Simple and beginner-friendly interface.
✔️ Free monthly savings plans; otherwise, a flat 1 € fee per order.
✔️ 1% saveback on debit card purchases (max 15 €/month), requiring a 50 €/month savings plan.
✔️ Has WEBN in selection.
✔️ One of Europe’s largest brokers. “Over 8 million users and 100 billion euros of assets across 17 European countries.”
✔️ Good interest paid monthly for uninvested cash.
✔️ “Authorized by the European Central Bank and supervised by the German Federal Financial Supervisory Authority.”
Cons:
❌ Uses PFOF (Payment for Order Flow), banned in the UK and set to be banned in the EU by 2026. This raises uncertainty about its future revenue model, though its size may provide stability. Most likely the ban will not change situation.
❌ Customer service by human service advisors is not easy to obtain.
❌ Not a publicly traded company.
Pros:
✔️ Free to use - no fees for buying or selling ETFs.
✔️ Share lending allows you to earn a small extra return on investments.
✔️ Established for over 20 years and profitable.
✔️ Self-balancing pies and automated savings features.