🔥 Smartbroker Test 2021: Broker Experience & Rating
In order to make financial provisions, many people decide to invest their money. This means that part of the monthly income is then invested in stocks, funds, crypto currencies or similar invested - Call money such as savings books are no longer recommended because the zero interest rate policy of the European Central Bank, or ECB for short, has made such products absolutely unusable. Because if the interest rate is well below inflation, there is a real loss in value. What does that mean in exaggerated terms? 1.000 euros that are paid in in January only have a monetary value of around 950 euros in December. It is therefore understandable that even security-oriented investors such as savers are now looking towards the securities market.
To get access to the securities market, you have to go to your house bank, often a classic bank with a large branch network, or to one Online Broker open a depot. The advantage of choosing an online broker? You save fees. The disadvantage? There are some black sheep on the market, so that it is necessary to find out in advance whether the provider that the broker comparison has brought to the fore is actually serious. Therefore, in the course of every broker comparison, you should also take a look at the customer opinions.
A broker who can sometimes convince in a broker comparison may be Smartbroker. But how recommendable is the broker in the end?
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Who is the team behind Smartbroker?
The Smartbroker founders emphasize that they could have gained more than two decades of experience. No matter how much experience the founders actually have - the broker is regulated and licensed by the Federal Financial Supervisory Authority, in short: BaFin, so that there is no need to worry about fraud. The license from BaFin means that this is a trustworthy broker.
The fact is: there is little information about the team working in the background. Smartbroker is also a fairly new provider on the market. In the end, a look behind the scenes may not promise much, but the fact that the Broker is regulated, may already be a first sign that a serious offer is being made available here.
The account opening
If you find in the course of the broker comparison that Smartbroker meets the personal requirements, then the account or securities account should then be opened.
Step number 1: the registration
If you want to open an account, you have to click on the homepage of the Smartbroker website and click on "Open deposit". You will then be redirected to a page on which a five-page long form must be filled out. It is primarily about personal information that must be entrusted to the provider. One would like to receive information on the job, place of residence or tax liability from the provider.
Step number 2: the first deposit
Once the deposit has been opened, the first payment must be made. This means that a) the amount that is to be transferred to the account is now determined and b) the corresponding payment option must be selected. Due to the fact that there are several payment methods available here, the most favored option will be available. Depending on the selected payment option, the money is then available either immediately or after two to four working days in the Smartbroker account.
Step number 3: buy stocks
Once the deposit has been posted to the account, trading can begin. Now it is possible to invest your money in stocks or securities.
How good is the customer service?
In many comparisons, such as test reports, customer service is often excluded or viewed as not that important. And that although the customer service, especially the availability, is a very important criterion in order to be able to make a statement about the quality of the broker. Because questions can arise again and again or hurdles arise that cannot be overcome alone. Beginners in particular always have problems and are unsure how things will go on now or are often worried about doing something wrong.
For this reason, it is advisable to also take a look at customer service. Smartbroker provides two contact options here - you can contact us via the contact form or by phone. Contacting us by phone is particularly interesting because the employees are available seven days a week, on working days from 8 a.m. to 20 p.m. and on public holidays from 10 a.m. to 18 p.m. This means that you can contact the Smartbroker staff at almost any time and ask your questions or get proposed solutions.
But it should be noted that there is no live chat or messenger service - that is, if you have a question, you either have to contact the employees via the contact form and get an answer or call after one to three days.
The offer
Smartbroker may be a broker that presents a diverse range.
# Share portfolio
First of all, it should be noted that you can only invest in stock corporations here - Smartbroker does not offer CFD trading. Company shares, funds such as bonds and also are available ETF. Smartbroker waives custody fees. The flat fee for securities orders is 4 euros. In addition, there are still fees that are customary on the market.
It is traded on relevant stock exchanges. This includes not only German trading venues, but of course also international stock exchanges - for example in Hong Kong, the USA or Switzerland.
# Index funds
Smartbroker also scores in the Area of the ETF trading offer - there are around 1500 index funds here. Above all, this may appeal to security-oriented investors who want to invest or invest money over a long period of time. Renowned issuers can be found among the ETF providers: USB, Vanguard, BNP Paribas or iShares.
Over 600 of the available EFTs and more than 10 ETCs are also eligible for savings plans. The minimum savings is 25 euros / month. Furthermore, Smartbroker offers over 1400 funds that are also suitable for savings plans; there are also around 100 individual shares eligible for savings plans. Around 50 percent of the ETFs that are eligible for savings plans can be saved free of charge. Smartbroker is also convincing in this area.
# Warrants and Certificates
Smartbroker's portfolio includes stocks, classic funds as well as bonds, certificates and warrants - as already mentioned, there is no CFD trading. This means that the underlyings can be for flexible certificates as well as for securities in combination with stocks, interest rates such as bonds, futures or commodities. A fee of 4 euros is charged per order - there is also a flat fee here.
Smartbroker is a serious provider
The Online Broker is licensed and regulated. So you don't have to be afraid of fraudulent machinations or intentions. As already mentioned, the BaFin is responsible for the regulation.
The advantages and disadvantages
Ultimately, it is about finding out what advantages and disadvantages there are and which side prevails in the end? Smartbroker scores with some advantages, but there are also a few critical aspects. In the end, you have to ask yourself whether Smartbroker is a recommendable provider or not.
Benefits
- Smartbroker definitely scores with low fees
- There is no sales fee
- A free trading model is available
- Smartbroker offers a variety of free savings plans
- There are no hidden costs
- German jurisdiction
Disadvantages
- Customer service could be better in terms of variety to get in touch with
- There are few banking services
- Negative interest rates
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Broker comparison - what to look out for?
If you are unsure which broker to choose in the end, it may be advisable to deal with the objective points of a broker comparison. It's always about the offer, the fees and the seriousness. Furthermore, in the course of the broker comparison, customer service and payment methods must be taken into account. It is important that the big names are used here - such as eToro.
eToro may be one of the best-known and most popular online brokers in German-speaking countries. This is not only due to the fair fee structure that the provider pursues, but also to the fact that a wide range is made available here. eToro also scores with the fact that it provides the services as a crypto exchange. This means that you can not only work with classic assets here, but also with price developments digital currencies speculate and even invest in digital currency coins. eToro even poses here its own internal wallet is available for storage, management and analysis.
In addition, eToro scores with the feature of social trading. In doing so, decisions like strategies of successful traders are copied - but caution is advised: there is no guarantee of profit - even the experienced trader can be wrong.
The bottom line: Is it worth having an account with Smartbroker?
Smartbroker is definitely a convincing broker that can be trusted because it is a licensed and regulated provider. We at Bitcoin-News.one find that nothing speaks against registration if one is satisfied with the offer or the broker fulfills one's own ideas.
Frequently asked Questions:
The Smartbroker founders emphasize that they could have gained more than two decades of experience. No matter how much experience the founders actually have - the broker is regulated and licensed by the Federal Financial Supervisory Authority, in short: BaFin, so that there is no need to worry about fraud. The license from BaFin means that this is a trustworthy broker.
The online broker is licensed and regulated. So you don't have to be afraid of fraudulent machinations or intentions. As already mentioned, the BaFin is responsible for the regulation.
Smartbroker is definitely a convincing broker that can be trusted because it is a licensed and regulated provider. We at Bitcoin-News.one find that nothing speaks against registration if you are satisfied with the offer or if your own ideas are met by the broker.
At Bitcoin-News.one, we generally recommend beginners to start trading with eToro. The exchange offers top conditions, a relatively large number of different crypto currencies and a social network that makes learning easier.