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Is Vanguard Invest still available in Germany? Alternatives in 2024

Ricardo Fernandes| Updated March 12th, 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.

vanguard Deutschland announcement

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.
vanguard Deutschland

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.

vanguard Deutschland

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.

vanguard Deutschland

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:

Is Vanguard Invest still available in Germany? Alternatives in 2024 1

#1 Best overall trading platform

Min. deposit of €0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
View BrokerIs Vanguard Invest still available in Germany? Alternatives in 2024 2Read review
Interactive Brokers summary
Interactive Brokers is one of the largest brokers, providing access to over 1000 ETFs. Additionally, IBKR offers one of the largest Mutual Fund Marketplaces, featuring funds from various providers, including Vanguard.
Fractional sharesYesRegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.
Interest on uninvested cashEUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)Products and MarketsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds.
Currency Conversion Fee0.0020%
Is Vanguard Invest still available in Germany? Alternatives in 2024 3

#2 Best Alternative for commission-free investing

Min. deposit of $50
$0 for stocks and ETFs - including Vanguard's ETFs
Demo account
View BrokerIs Vanguard Invest still available in Germany? Alternatives in 2024 2Read review
eToro summary
eToro is the leading social trading platform with 30M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.
Fractional sharesYesRegulatorsFCA, CySEC and ASIC.
Interest on uninvested cashUp to 5.3% in USDProducts and MarketsStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.
Currency Conversion FeeStarts from 0.50%

76% of retail CFD accounts lose money.

Is Vanguard Invest still available in Germany? Alternatives in 2024 5

#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
View BrokerIs Vanguard Invest still available in Germany? Alternatives in 2024 2
Scalable Capital summary
Scalable Capital acts both as an Online Broker and a Robo-Advisor. Investors can invest in stocks, ETFs, funds, derivatives, and crypto ETPs in a “Do-it-yourself” approach or delegate that to Scalable Capital and get a personalised diversified portfolio.
Fractional sharesYesRegulatorsBaFin
Interest on uninvested cashEUR: 2.60%Products and MarketsStocks, ETF, funds, derivatives and crypto ETPs.
Currency Conversion Fee0%
Is Vanguard Invest still available in Germany? Alternatives in 2024 7

#4 Best Alternative for all Account Types

Min. deposit of $0
$0 for stocks and ETFs
Demo account
View BrokerIs Vanguard Invest still available in Germany? Alternatives in 2024 2Read review
XTB summary
XTB provides commission-free trading for over 300 ETFs. Their trading platforms, xStation 5 and xStation mobile, are user-friendly and customisable, offering investors a complete trading experience.
Fractional sharesYes (in some countries)RegulatorsFCA, KNF, CySEC, DFSA and FSC
Interest on uninvested cashEUR: 3.80% first 90 days, then 2.00% (quoted annually); USD: Up to 5%Products and MarketsReal Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Indices, cryptocurrencies and commodities.
Currency Conversion Fee0.50%

76-85% of retail CFD accounts lose money.

Is Vanguard Invest still available in Germany? Alternatives in 2024 9

#5 Best European Discount Broker

Min. deposit of €1
Low fees
Easy to use app
View BrokerIs Vanguard Invest still available in Germany? Alternatives in 2024 2Read review
DEGIRO summary
DEGIRO is one of the leading online brokers in Europe due to its low-cost structure. It offers commission-free ETF trading (external fees apply) and a wide product portfolio.
Fractional sharesNoRegulatorsAFM, DNB
Interest on uninvested cash0%Products and MarketsReal Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.
Currency Conversion Fee0.25%

Investing involves risk of loss.

lightyear logo

#6 Best for beginners and interest

Low trading fees
Offers interest on uninvested cash
Modern trading app
View BrokerIs Vanguard Invest still available in Germany? Alternatives in 2024 2Read review
About/Overview Text

Lightyear is a new fintech in the commission-free trading space with the idea of giving you an accessible way to increase your savings over time. It allows you to invest from only €/$/£1 and gives you a multi-currency account.

Fractional sharesYes (only for US Shares)RegulatorsESFA and FCA (as an Appointed Representative)
Interest on uninvested cashEUR: 3.25%; USD: 4.50%; GBP: 4.50% (as of March 2024)Products and MarketsStocks, ETFs and MMFs.
Currency Conversion Fee0.35%

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.

Ricardo Fernandes
Fintech Analyst

Ricardo Fernandes is an undergraduate management student with a passion for finance and business. He serves as the CEO of one of Portugal's most promising junior initiatives, the Minho Investment Association, and holds the role of Ambassador for the renowned BIG-4 firm, Ernst & Young (EY).

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