onvista bank was known for particularly cost-effective conditions. With the upcoming closure, the question arises for customers: Which provider offers similar or even better conditions?
This article is part of a 4-part series: Part 1 – Part 2 – Part 3 – Part 4
Previous page: The closure of onvista bank: What does that mean for customers?
The market for online brokers has changed significantly in recent years. More and more providers are relying on particularly low fee models – especially the so-called neobrokers such as Scalable Capital, Trade Republic or finanzen.net ZEROwhich is particularly popular not only with finanzen.net users.
Important criteria when selecting the new depot
Which new broker is suitable for onvista bank customers? depends on different individual factors: the trading habits and the size of the investor’s portfolio, for example. Active investors in particular should pay particular attention to low trading fees.
What is also interesting for savings plan fans is how extensive that is Savings plan-Offer is what fees are charged for running the monthly savings plan and what the minimum savings rate is. Small savings rates are particularly helpful for savers with smaller savings volumes in order to be able to take out various savings plans and thus achieve broad diversification across different asset classes such as stocks, raw materials, bonds and crypto.
Investors should also take this into account When making your decision, whether certificates, ETFs and cryptos can also be traded in addition to stocks, whether a really modern and easy-to-use app is available – and to what extent the trading offering offers comprehensive functions, e.g. B. sophisticated order functionalities.
Broker comparison – possible alternatives for onvista bank customers
The following broker table compares selected and popular online brokers, based on data from Stiftung Warentest 1supplemented by our own research:
| Brokers | Storage costs per year | Order costs (pricing model) 3 | Costs for a medium depot (50,000 euros) 4 | savings plans | Cost savings plans |
|---|---|---|---|---|---|
| onvista bank | €0.00 | €5.00 + €2.00 | €84.00 | Funds, ETFs | €1.00 |
| Comdirect | €23.40 2 | €4.90 + 0.25% | €216.00 | Stocks, ETFs, funds, certificates | from €1.00 |
| finanzen.net ZERO | €0.00 | €0.00 | €0.00 | Stocks, ETFs, funds, certificates, crypto | €0.00 |
| ING Direct Depot | €0.00 | €4.90 + 0.25% | €186.00 | Stocks, ETFs, funds, certificates | from €1.00 |
| Scalable Capital Free | €0.00 | €0.99 | €12.00 | Stocks, ETFs, funds, crypto | €0.00 |
| S Broker | €47.88 5 | €4.99 + 0.25% | €205.00 | Stocks, ETFs, funds, certificates, ETCs | 2.5% of the savings rate, selected €0.00 |
| Trade Republic | €0.00 | €1.00 | €12.00 | Stocks, ETFs | €0.00 |
1) “Test securities depots – free and cheap depots from brokers, online and branch banks”, published in Finanztest, issue 11/2024, conditions determined as of August 1st, 2024
2) The deposit price is calculated quarterly, but does not apply if there are two securities orders, the execution of a savings plan or the use of the current account.
3) each plus spreads and possibly other costs
4) Total cost for 12 orders
5) Quarterly fee, waived if assets > 10,000 euros or a securities transaction in the quarter
Recommendation: Cost-conscious customers of onvista bank in particular can turn their attention to neobrokers such as Scalable, Trade Republic and finanzen.net ZERO. The fees are marginal, the offers are comparable. In the current comparison by Finanztest (issue 11/2024), the offer from finanzen.net ZERO as the “cost winner” at the forefront. The offer also impresses with a modern trading platform with very good customer reviews and a wide range of functions for active investors (Functions at a glance). A change could be a lucrative decision, especially for former onvista bank customers – especially since it is currently ZERO offers an attractive new customer and switching offer gives.
| Brokers | Customer review (Trustpilot) |
|---|---|
| Scalable capital | 3.1 stars |
| Trade Republic | 4.1 stars |
| finanzen.net ZERO | 4.6 stars |
In the next article you will find out how onvista bank customers can transfer their portfolio to the new provider.
Next page: Depot transfer from onvista bank – How to make the change
