German trading platform

mills112

I use Hargreaves Lansdowne to trade as it is safe so I know my money is safe with them.  They offer a large choice of funds to invest in and to trade, particularly ETF.

My cousin says she want to invest in ETF as well but she lives in Germany so on the off chance, does anyone know of a similar platform to Hargreaves Lansdown in Germany?

I trade in ISF and VWRL (FTSE 100 and FTSE-All World) indices, so anyone happen to know which ETF would be similar to these in Germany?  Although I don't think the FTSE100 is going to be appropriate for her and an equivalent German index replication fund may be better.

Sam_666

Spending 1sec on google produced result below.
https://www.de.vanguard/private-anleger/anlageprodukte/etfs

You do know there are search engines and AI these days?

mills112

Sam_666 said:

Spending 1sec on google produced result below.
https://www.de.vanguard/private-anleger/anlageprodukte/etfs

You do know there are search engines and AI these days?

I can't read German but that looks like etf offered by vanguard.  Great.  What about an equivalent platform to HL?  Can you find that?

Emmia

mills112 said:

Sam_666 said:

Spending 1sec on google produced result below.
https://www.de.vanguard/private-anleger/anlageprodukte/etfs

You do know there are search engines and AI these days?

I can't read German but that looks like etf offered by vanguard.  Great.  What about an equivalent platform to HL?  Can you find that?

I think perhaps you need to suggest a search engine and AI to your cousin who presumably does speak/understand German.

Tell them about the platform found, and suggest they have a look for other, similar options available to them.

jimjames

Your cousin would also do well to investigate the tax situation in Germany as there many be tax efficient equivalents of ISAs or SIPPs that could be used for investments

mills112

Emmia said:

mills112 said:

Sam_666 said:

Spending 1sec on google produced result below.
https://www.de.vanguard/private-anleger/anlageprodukte/etfs

You do know there are search engines and AI these days?

I can't read German but that looks like etf offered by vanguard.  Great.  What about an equivalent platform to HL?  Can you find that?

I think perhaps you need to suggest a search engine and AI to your cousin who presumably does speak/understand German.

Tell them about the platform found, and suggest they have a look for other, similar options available to them.

She is German so yeah, she speaks German.  She doesn't know anything about investing in the stock market and she wants me to help her but as I don't speak German and I know nothing about the German market or economy, it isn't so easy!  She also wants me to trade for her so tell her when to buy and sell, lol, and this will be difficult if I don't speak German 

mills112

jimjames said:

Your cousin would also do well to investigate the tax situation in Germany as there many be tax efficient equivalents of ISAs or SIPPs that could be used for investments

Hey, thanks for that!  My cousin is totally not financially savy and says her savings are getting no interest at all as interest rates in Germany are very low, less than 1% pa.

I am not sure they have the tax efficient vehicles equivalent in Germany for SIPP and ISA like we do.  I will ask her to look into it.

Albermarle

mills112 said:

I use Hargreaves Lansdowne to trade as it is safe so I know my money is safe with them.  They offer a large choice of funds to invest in and to trade, particularly ETF.

My cousin says she want to invest in ETF as well but she lives in Germany so on the off chance, does anyone know of a similar platform to Hargreaves Lansdown in Germany?

I trade in ISF and VWRL (FTSE 100 and FTSE-All World) indices, so anyone happen to know which ETF would be similar to these in Germany?  Although I don't think the FTSE100 is going to be appropriate for her and an equivalent German index replication fund may be better.

Be a little bit wary of offering investment advice to family members ( or anybody for that matter). Even if your intention is good, she may not be impressed if the investments drop a lot. 

Also trading investments is extremely risky, so I definitely would not recommend that .
That is assuming that by 'trading' you mean regularly buying and selling in an attempt to beat the market, which is normally what is understood by the word trading. 

LHW99

Buy and hold is usually best, particularly if you / she are looking at ETF's. They may trade like shares, but tend to be more fund-like, as they don't (I think) invest in one single company.

They say the best investors are dead investors as they never trade !

Emmia

mills112 said:

Emmia said:

mills112 said:

Sam_666 said:

Spending 1sec on google produced result below.
https://www.de.vanguard/private-anleger/anlageprodukte/etfs

You do know there are search engines and AI these days?

I can't read German but that looks like etf offered by vanguard.  Great.  What about an equivalent platform to HL?  Can you find that?

I think perhaps you need to suggest a search engine and AI to your cousin who presumably does speak/understand German.

Tell them about the platform found, and suggest they have a look for other, similar options available to them.

She is German so yeah, she speaks German.  She doesn't know anything about investing in the stock market and she wants me to help her but as I don't speak German and I know nothing about the German market or economy, it isn't so easy!  She also wants me to trade for her so tell her when to buy and sell, lol, and this will be difficult if I don't speak German 

I wouldn't be getting involved in trading her money, what if you make a poor decision?

poseidon1

mills112 said:

I use Hargreaves Lansdowne to trade as it is safe so I know my money is safe with them.  They offer a large choice of funds to invest in and to trade, particularly ETF.

My cousin says she want to invest in ETF as well but she lives in Germany so on the off chance, does anyone know of a similar platform to Hargreaves Lansdown in Germany?

I trade in ISF and VWRL (FTSE 100 and FTSE-All World) indices, so anyone happen to know which ETF would be similar to these in Germany?  Although I don't think the FTSE100 is going to be appropriate for her and an equivalent German index replication fund may be better.

Germany charges capital gains tax on investment income and capital gains, so no distinction between the two.  However, German tax authorities expects the paying agent to deduct this tax at source on all income  and gains arising to the investor ( in stark contrast to the UK postion wnere everything paid gross). 

So your cousin's issue is to source  ETF providers sufficiently resourced to take on this onerous compliance.  If she has not already done , would be a good idea for her to familiarise herself with Investment taxation per link below -

https://www.firma.de/en/accountancy/capital-gains-tax-in-germany/


In the meantime following investment platforms might be worth a look


https://traderepublic.com/en-de

https://freedom24.com/

https://de.scalable.capital/

https://www.dkb.de/privatkunden/investieren/depot