Rate: Enter the desired investable amount. Intervall: Select monthly, bimonthly, quarterly Ausführungstag: 1st or 15th of the month. Start/Ende*: you can select a starting month and ending month (optional). Erhöhung: Planned annual increase of savings amount - IMHO only makes sense if you can do SEPA direct Debit.
Step 3:
Confirm by entering code from your DAB Secure Plus app on your phone under QR-TAN:
SmartBroker is set and forget. DM me for Referral link.
You can create an ETF-Sparplan (Autoinvest: Sparpläne mit ETF, Fonds und Aktien zum Vermögensaufbau).
Some funds are free.
VWRL and VWCE are available, 0.2 % per trade (min 0.80 €). If you buy for 1000€, you pay 2 €.
Pros:
Transfers from Revolut accepted.
Accounts in various currencies available: EUR, CHF, USD. Be aware of fees like SWIFT. I’ve only ever used in EUR, which is SEPA.)
No currency conversion fees because you can transfer in from Revolut in EUR.
The fees may be slightly higher than elsewhere, but if you want true automation, then it’s the best broker I know.
Last time I was checking SmartBroker they were opening accounts for German residents only I think. Is it possible to open an account with them completely online, i.e. without sending paper mail?
P.S. the same level of automation can be also done with Flatex, but I think Revolut is not accepted as a reference account, so you will need an intermediate account in EUR. But basically all ETF buying plans are free.
I will check it, thank you!
My EUR portfolio) is static, two accumulating ETFs that in principle do not touch anymore…
So transaction fees are less important, but having no holding fee is.
I have tried quite a few that are available to Swiss residents, yes.
And that’s putting it mildly, for Smartbroker. Probably the most atrocious banking/investment interface west of Poland that I’ve ever seen/used. Put me so off that I’m actually paying a bit more at Consors (same bank as behind Smartbroker) and DKB.
But as you said it, it can be set and forget. And their downloadable PDF statements are actually surprisingly usable and professional.
I’ve opened Smartbroker from Switzerland (I think I went to the German Post for identification).
Ah, you’re exaggerating.
Setting up one or two recurring investments is not difficult.
Choose the fund.
Pick the amount.
Choose period weekly, monthly etc and execution date.
Set up recurring transfer.
Done
Great.
Wanna know what font colour and contrast they used in 2021?
(I had that screenshotted, and yes, that was on standard browser settings, no custom CSS):
Why does the date/month selection default to the current month, even when the “1. des Monats” has already passed? You’re welcome to try this on the last date of the month (30 april), where it’s impossible to buy, and it will still do so.
Let’s direct debit the savings rates from my bank account…
No really, trust me, it took the account details despite the redactions.
Side note: Think you can change your mind?
You better have good manual dexterity and click that round radio button - cause clicking on the “DAB Konto wie oben” or “Fremdkonto per Lastschrift” labels won’t work.
Above that screenshot is a lot more the legal mumbo-jumbo and investor information.
Can’t press that button “Zahlungspflichtig einrichten” though.
It will only become operational once you tick that checkbox “Ich bin damit einverstanden…”.
Is there any helpful message to help you out finding that though? Of course not.
But that’s it. The plan will show up in our list of of savings plans:
I meant no insult.
Your screenshots seem to be based on an old interface. I’ve been literally able to create a new savings plan in under two minutes.
Tutorial here:
No offense taken
Screenshots are from today though (except the one with the lack of contrast for the font).
No doubt.
Admittedly, the actual “difficult” part (that was difficult to get to work at all) was in setting up the direct debit from my external bank account (which you didn’t). For that, the interface threw even more aggravating errors at me back then - which they seem to have improved on somewhat since then. After hitting that snag, I paid more attention to the other, smaller issues of the interface.
The rest was just… “cumbersome” may be the better word.
And I still think it’s an overall bad interface today:
Are many people going to use the form to search for securities by their name, instead of ISIN or German Wertpapierkennnummer? Probably not. But it’s embarrassing how it prompts you for “name” of the desired security - and then fails at copying & pasting from their own website. And that they didn’t get around to addressing that in two years - where they could have, literally, just remove the “name” label.
Same is true for the IBAN format. Not that hard to implement autoformatting or at least throw up a helpful error rather than the misleading “Bank nicht vorhanden”.
Not too mention the other rendering errors with the overlapping text and buttons.
PS: Don’t get me wrong. I do appreciate nice application interfaces that use native widgets. But I’m very happy with boring and ugly interfaces for my investment needs - as long as they otherwise are functional, intuitive and work reliably.
Been using a locally-anchored bank in an EU country.
Few Swiss banks support SEPA direct debits AFAIK and EU banks can choose not to accept them.
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off-topic rant
