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German trading platform
mills112
Posts: 34 Forumite
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.
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.
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Comments
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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?
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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?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?0 -
I think perhaps you need to suggest a search engine and AI to your cousin who presumably does speak/understand German.mills112 said:
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?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?
Tell them about the platform found, and suggest they have a look for other, similar options available to them.1 -
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 investmentsRemember the saying: if it looks too good to be true it almost certainly is.1
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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 GermanEmmia said:
I think perhaps you need to suggest a search engine and AI to your cousin who presumably does speak/understand German.mills112 said:
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?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?
Tell them about the platform found, and suggest they have a look for other, similar options available to them.
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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.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
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.1 -
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.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.
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.0 -
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 !1
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I wouldn't be getting involved in trading her money, what if you make a poor decision?mills112 said:
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 GermanEmmia said:
I think perhaps you need to suggest a search engine and AI to your cousin who presumably does speak/understand German.mills112 said:
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?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?
Tell them about the platform found, and suggest they have a look for other, similar options available to them.
2 -
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
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