Trustworthy, on the point SmartBroker review

Smartbroker user-ratings: 0€
8.9/10
8.9 of 10 points 1 reviews
  • Asset varierity - 8/10
    8/10
  • Trading platform - 8/10
    8/10
  • Support - 8.5/10
    8.5/10
  • Fees - 10/10
    10/10
  • Deposit/Withdrawal - 10/10
    10/10

Facts about the company:

  • Type: Stock Broker
  • Regulation: BaFin (Germany) 
  • Minimum deposit: 0 €
  • Demo account: Not available
  • Markets: Shares, ETFs, Bonds, Funds, Certificated, Warrants
8.9/10
Comments Rating 8.9/10 (1 review)

Pros

  • Transfer of securities are free of charge
  • No minimum deposit 
  • Reliable customer support 
  • Regulated Broker 
  • Various trading instruments

Cons

  • No English website
  • No demo account

What is behind SmartBroker?

SmartBroker is a very young online broker, which was founded in December 2019. SmartBroker is backed by the financial communities Wallstreet: online, ariva.de, FinanzNachrichten.de, and börsenNEWS.de, which are market leaders in the field of financial information.

The broker is currently based in Berlin. The trading offers of the provider includes a variety of trading instruments, which will be explained in more detail later. The company has set itself the goal of making trading “as inexpensive and clear as never before”. In this context, the vision of the Online Broker is that Smartbroker customers can “take care of their money quickly and efficiently”.

Screenshot of the SmartBroker landing page

How is the Online Broker regulated?

As SmartBroker is still a very young company, it is even more important to know how the Online Broker is regulated. The Federal Financial Supervisory Authority (BaFin) in Germany is responsible for this. This is known for its strict rules and regulations.

Is there any protection for customer deposits at SmartBroker?

The protection of customer deposits should always be considered when choosing a suitable online broker. At SmartBroker there is even double protection of customer deposits. On the one hand, the legally required minimum protection applies to all customers, which protects customer deposits up to 100,000 euros 100 percent. Secondly, the online broker has a partnership with the major French bank DAB BNP PARIBAS.

SmartBroker is also a voluntary member of the Deposit Protection Fund of the Association of German Banks.

What advantages does SmartBroker promise its customers?

As a still very young online broker, the provider has to assert itself against a large number of established, larger competitors. For this reason, SmartBroker promises its customers some advantages, which should distinguish it from other providers. These advertised advantages will be briefly outlined below.

One portfolio for all trading instruments


The first advantage is that clients can manage the trading of all trading instruments simply and easily via a securities account. Trading is possible without restriction on all German stock exchanges.

Fair conditions


Furthermore, the online broker advertises with favorable trading conditions. With SmartBroker, investors can trade at a flat fee of 4 euros per order at all German trading centers. Another positive aspect is the fact that there are no further hidden costs to consider.

Over 20 years of experience


In addition, the provider advertises with its many years of experience in the financial sector. As the Online Broker has grown out of the largest financial communities in Germany, it can meet the expectations of its customers.

Competent service


Finally, SmartBroker advertises its competent service, which is to be distinguished above all by personal customer care with personal contact persons.

Which tradable instruments are offered by SmartBroker?

When looking for a suitable broker, the range of tradable instruments is always important. Since every investor has different needs and accordingly wants to trade different trading instruments, this aspect should also be examined in detail. SmartBroker is relatively broadly positioned in this area and offers its investors a wide range of trading instruments. With over 18,000 funds with no front-end load, customers definitely have a wide choice.

Shares


Interesting for many investors is certainly the trading with shares, which is offered by SmartBroker. More precisely, the online broker provides over 7,300 shares in its portfolio from which customers can choose.

ETFs


In addition, there is a range of ETFs, which may also be important for many traders. With 1,500 index funds, the online broker covers all tradable ETFs that can be traded in Germany. The providers in this context include shareholders such as iShares, BNP Paribas, UBS, and Vanguard.

In almost half of the ETFs offered via Lang&Schwarz, savings plans can be set up for as little as 25 euros per execution. A large number of ETFs can even be set up free of charge.

Certificates/warrants


Furthermore, certificates and warrants can also be traded at SmartBroker. However, trading in these is not yet possible with CFDs at this time.

Bonds


Bond trading is also available with the online broker. Customers can expand their own portfolio and thus spread the financial risk.

Funds


As mentioned above, SmartBroker offers 18,000 funds without an issue surcharge. As an investor, you are therefore also spoilt for choice and can benefit from the wide range of tradable instruments.

The SmartBroker trading platform

In addition to the tradable instruments offered by an online broker, the trading platform also plays an important role. SmartBroker provides its customers with its own platform, through which the trade can be executed.

This SmartBroker trading portal offers a comprehensive securities account overview, which includes the various securities detail windows. Here, helpful price information as well as a number of different charts and trading tools can then be used. In addition, as a SmartBroker customer, it is possible to manage up to 10 additional sub-custody accounts, which are free of charge.

Investors in SmartBroker also benefit from the real-time prices provided by Tradegate, Lang & Schwarz, and Gettex, which enable more efficient trading. Real-time quotes are available to customers without any limitations.

What is currently not yet integrated into the platform are watchlists. However, the provider states that it plans to integrate them into the trading platform in the near future and make them available to customers. Popular trading platforms such as MetaTrader 4 cannot be used in conjunction with the provider at this time either.

Which trading platforms are available at SmartBroker?

It is also interesting to know which markets and availabilities the online broker offers. In this context, SmartBroker is in close cooperation with established exchanges. As mentioned above, these include companies such as Lang & Schwarz, Tradegate and Xetra.

In addition to trading on domestic stock exchanges in Germany, it is also possible to trade shares internationally on the respective domestic stock exchanges. More precisely, trading is possible via the following trading centers:

German trading places


For trading on German stock exchanges, there is a choice of Xetra, Tradegate, Gettex, Lang & Schwarz, and stock exchanges in Berlin, Düsseldorf, Frankfurt, Hamburg, Hanover, Munich, and Stuttgart.

Over-the-counter trading


Off-exchange trading with SmartBroker is possible via companies such as Baader Bank, BNP Paribas, Citi, Commerzbank, Deutsche Bank, DZ Bank, Goldman Sachs, HSBC, HVB, ING, JP Morgan, Lang & Schwarz, Société Générale, UBS and Vontobel.

Foreign trading centres


And last but not least, there are a large number of foreign trading centers, which include Australia (Sydney Stock Exchange), Austria, Belgium, Canada (TSE, TSX), Denmark, England, Finland, France, Hong Kong, Italy, Japan, the Netherlands, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United States (NYSE, NYSE Amex, NASDAQ, Pink Sheet, OTC Bulletin Board).

The trading conditions at SmartBroker

One aspect that should not be neglected when selecting a suitable broker is the trading conditions. SmartBroker offers its customers a fair fee model in this respect. First of all, there are no costs associated with maintaining a securities account, and the transfer of securities is also free.

And the order fees at SmartBroker do not have to hide from the conditions of the competition. In principle, the offer of the online broker consists of a flat fee of 4 euros, which is charged per order. It is therefore a very transparent pricing model. In addition, external costs from the relevant stock exchanges may be incurred, which SmartBroker forwards directly to the customer. There are no other hidden costs with this online broker.

In addition to trading in securities, customers can also conclude savings plans with SmartBroker, which also offer fair conditions. As already mentioned, there is no issue surcharge for the 18,000 funds.

The trading hours of the Online Broker

The trading hours at Lang & Schwarz are as follows:From Monday to Friday from 7:30 to 23:00 Saturdays from 10:00 to 13:00 Sundays from 17:00 to 19:00

Cooperation with wikifolio

Another special feature of SmartBroker is cooperation with wikifolio. wikifolios are exchange-traded certificates from Lang & Schwarz, which can also be traded for 4 euros per order.

Wikifolios are based on ready-made strategies of social traders. Experienced traders make their own strategies available to other investors and traders. Especially for beginners in trading this can pay off and help them to trade more efficiently.

The customer service at SmartBroker

With regard to customer service, the Online Broker provides interested investors and traders with two main ways in which they can contact SmartBroker if they have questions or problems. On the one hand, they can contact the Online Broker’s service team by telephone via a hotline.

Support available:Mo to Fr 9 am to 5 pm and from 10 am to 5 pm on the weekend
Telephone:+49 30 275 77 62 00
Adress:service@smartbroker.de
Languages:1

From Monday to Friday, the telephone hotline service can be used from 9:00 am to 5:00 pm. On Saturdays, Sundays, and holidays, the telephone service is only available from 10:00 am to 5:00 pm.

As an alternative to the telephone for questions, there is also the possibility of written contact in the form of a contact form, in which you can describe your individual problem and ask for support.

Conclusion

Before an investor decides to use an online broker, he should first look for reports on the Internet from investors who have already had experience with the corresponding provider.

The bottom line is that most customers are satisfied with the offer and services of the newcomer SmartBroker. Interesting for many investors is above all the trading flat rate of 4 euros per order. The young company is also regulated by BaFin and has developed out of popular financial communities. Even if trading CFDs or Forex is not possible at the moment, SmartBroker still offers a wide range of interesting securities.

All in all, SmartBroker is still a very young provider on the market, but it does not have to hide from the established, larger providers in its industry.


Most asked questions:

What trading instruments are available?

With Smartbroker you trade all stocks, bonds, funds, ETFs, certificates and warrants are tradable within the normal trading hours from 0€.

What Order Types Are Available At SmartBroker?

A certain selection of different order types is always important for an online broker. SmartBroker offers its investors on the one hand the classic standard order types such as Limit, Stop Loss, Stop Buy, etc. as well as the intelligent order types such as Trailing Stop or OCO.

What are the trading hours?

The trading hours at Lang & Schwarz are as follows: from Monday to Friday from 7:30 am to 11:00 pm, Saturdays from 10:00 am to 1:00 pm as well as on Sundays from 5:00 pm to 7:00 pm

Are there hidden costs?

No. With Smartbroker there are no hidden costs. The management of your Smartbroker account is also free of charge. Likewise, Smartbroker is suitable for beginners and professionals.

One Response

  1. Andre Witzel September 21, 2020

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