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Is Vanguard Invest still available in Germany? Alternatives in 2024

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Fact checked by
Franklin Silva
Updated
May 14, 2024

Vanguard, the world’s second-largest investment company (after BlackRock), has been providing a direct investment platform called Vanguard Invest for clients in Germany. 

However, in a recent update, Vanguard announced the suspension of Vanguard Invest in Germany. This news has left many German investors searching for new options to continue investing.

If you’re a German investor facing uncertainty during this transition, there’s no need to worry. We have prepared a comprehensive article to guide you through the process, especially if you’re a beginner facing doubts about your next moves.

Want to know what is happening with Vanguard Invest in Germany and the alternatives available? We’ve got you covered!

Is Vanguard still available in Germany?

Unfortunately, Vanguard Invest is no longer available in Germany. In a significant announcement on November 7th, 2023, Vanguard revealed its decision to discontinue its Vanguard Invest division for German private investors.

Source: Vanguard

Vanguard has justified its decision by stating that the Vanguard Invest division did not fulfil its intended purpose. The division aimed to provide greater access to investment markets for people in Germany and assist them in achieving their financial goals. However, Vanguard does not believe that the platform’s user numbers indicate the successful attainment of this objective.

Also, Vanguard has introduced a dedicated Q&A section for questions and answers to assist customers in dealing with this change more easily.

What’s next for Vanguard Invest clients?

If you are a German Investor who is a current client of the Vanguard Invest division, there are two viable options to consider for managing your investment portfolio:

  • You can either choose to close out your current positions on the Vanguard Invest portal, withdraw the resulting funds to your bank account and then transfer those funds to another broker,
  • Or explore the alternative of transferring your assets from Vanguard Invest to another brokerage.
Source: Vanguard

The Vanguard Invest portal will remain open until April 2024. Vanguard will still be responsible for issuing tax certificates for client accounts for the entire year of 2023, whether you choose to transfer or sell your holdings.

Source: Vanguard

Is Vanguard UK an option?

No, if you intend to transfer your funds to Vanguard’s platform for private investors in the UK, you won’t be able to do so. As explicitly stated on the Vanguard website, access to the platform is restricted to individuals with a UK address.

Then, if you’re looking to move your funds from your Vanguard Invest account, choosing a brokerage that supports this transfer is essential.

Source: Vanguard

How to invest in Vanguard products from Germany?

German investors can invest in Vanguard products as they did before the introduction of Vanguard Invest in Germany. This means investors will still have access to their products through distribution partners, online brokers, and direct banks.

Vanguard Invest Alternatives in Germany

Despite the discontinuation of Vanguard Invest in Germany, the good news is that you can still access Vanguard’s investment products through other online brokers. Here are our top picks:

Award Winner

Interactive Brokers logo
#1 Best overall trading platform
Min. deposit of €0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
See broker summary
Visit BrokerRead review
Broker summary
Fractional sharesYes
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.
Interest on uninvested cashEUR: 3.195%; USD: 4.83%; GBP: 4.707% (as of June 2024)
Products and MarketsStocks, ETFs, options, futures, Forex, commodities, bonds and funds.
Currency Conversion FeeUp to 0.0020%
Visit BrokerRead review

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eToro logo
#2 Best Alternative for commission-free investing
Min. deposit of $50
$0 for stocks and ETFs - including Vanguard's ETFs
Demo account
See broker summary
Visit BrokerRead review
Broker summary
Fractional sharesYes
RegulatorsFCA, CySEC and ASIC.
Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, cryptocurrencies and CFDs on stocks, ETFs, commodities, Forex, indices and cryptocurrencies.
Currency Conversion FeeFrom 1.50%
Visit BrokerRead review

51% of retail CFD accounts lose money.

Is Vanguard Invest still available in Germany? Alternatives in 2024 1
#3 Best for Robo-Advisory services
Min. deposit of $1 for brokerage account
Commission-free trading for Stocks/ETFs (in PRIME Broker)
Offers interest on uninvested cash
See broker summary
Visit Broker
Broker summary
Fractional sharesYes
RegulatorsBaFin
Interest on uninvested cashEUR: 4.00% for the first 4 months, then 2.60%
Products and MarketsStocks, ETFs, Funds, Derivatives, Commodities, Forex and crypto ETPs.
Currency Conversion Fee0%
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XTB logo
#4 Best Alternative for all Account Types
Min. deposit of $0
$0 for stocks and ETFs
Demo account
See broker summary
Visit BrokerRead review
Broker summary
Fractional sharesYes (in some countries)
RegulatorsFCA, KNF, CySEC, DFSA and FSC
Interest on uninvested cashEUR: 4.20% first 90 days, then 2.00%; USD: Up to 5% first 90 days, then 2.50%; GBP: 5.20%
Products and MarketsStocks, ETFs, Forex and CFDs on stocks, ETFs, indices, cryptocurrencies and commodities.
Currency Conversion Fee0.50%
Visit BrokerRead review

76-83% of retail CFD accounts lose money.

Award Winner

Is Vanguard Invest still available in Germany? Alternatives in 2024 2
#5 Best European Discount Broker
Min. deposit of €1
Low fees
Easy to use app
See broker summary
Visit BrokerRead review
Broker summary
Fractional sharesNo
RegulatorsAFM, DNB
Interest on uninvested cash0%
Products and MarketsStocks, ETFs, investment funds, futures, leveraged products, bonds and warrants.
Currency Conversion Fee0.25%
Visit BrokerRead review

Investing involves risk of loss.

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Lightyear logo
#6 Best for beginners and interest
Low trading fees
Offers interest on uninvested cash
Modern trading app
See broker summary
Visit BrokerRead review
Broker summary
Fractional sharesYes (only for US Shares)
RegulatorsESFA and FCA (as an Appointed Representative)
Interest on uninvested cashEUR: 3.00%, GBP: 4.50%, USD: 4.50% (as of June 2024)
Products and MarketsStocks, ETFs and MMFs.
Currency Conversion Fee0.35%
Visit BrokerRead review

Terms apply, seek guidance if necessary. When you invest, your capital is at risk.

Brokers comparison table

Broker Minimum deposit Supported Products Does the Broker offer Vanguard products? Does the Broker allow Funds Transfer?
Interactive Brokers €0 Stocks, ETFs, bonds, mutual funds, currencies, options, warrants, and futures Yes Yes
eToro $50 Stocks, ETFs, bonds, Forex, funds, commodities, options, futures and CFDs Yes Yes (however, only for US clients and from US brokers)
Scalable Capital €1 (€1,000 for robo-advisor) Stocks, ETFs, funds, derivatives, commodities and crypto ETPs Yes Yes
XTB €0 Stocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrencies Yes Yes
DEGIRO €1 Stocks, funds, ETFs, futures, leveraged products, bonds, and warrants Yes Yes
Lightyear €1 Stocks, ETFs, MMFs Yes Yes

Bottom Line

Vanguard recently announced the suspension of its service, Vanguard Invest, in Germany. This means that German investors needed to have liquidated all their positions by December 8, 2023, or transfer their funds to another broker.

Additionally, it’s worth noting that Vanguard will be responsible for issuing tax certificates for client accounts in 2023.

While the platform remains open until April 2024, it has significantly restricted its use after December 8, 2023. In this article, we’ve highlighted some of the best alternatives to Vanguard Incest, in our opinion, all offering Vanguard products.  Each platform has pros and cons, so it is important to choose wisely the one that best suits our needs.

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About the author
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Ricardo Fernandes
Fintech Analyst

Ricardo Fernandes is broker analyst. He has a passion for finance and business and is the CEO of Minho Investment Association, a junior initiative from Portugal.

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