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Fund discounters put to the test: Consistently cheap for investments

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Funds or pension products without fees – that’s the promise of numerous Internet providers. You have transferred the “consistently simple” principle of the food discounters to the brokerage of investment and pension products. And because they cannot employ consultants in expensive branches, the so-called fund supermarkets, which sell financial products cheaply.

However, there are significant differences between the individual providers, especially in the services offered, but also in the product range. This was the result of the first capital test together with the Munich consulting firm Tetralog.

18 fund discounters, mostly medium-sized, owner-managed companies, were examined. Because the providers work cheaply, but usually do not offer advice, it is therefore worthwhile for investors to take a closer look. The test results provide assistance in choosing the right discounter when buying funds, ETFs or pension products such as Riester and Rürup pensions. Some providers also have tangible assets or entrepreneurial investments, so-called closed funds, in their range.

In total, four of the 18 providers examined achieved the top rating of five stars, four other providers achieved very good performance and received four stars.

“The test winner AVL impresses with a comprehensive range of products at attractive prices and the best customer service,” says Christian Apelt, who headed the test at Tetralog. Fonds Discount, Fonds for less and Fonds Super Markt also achieved the top rating of five stars.


The full article with all test and partial results will appear in Personal-Financial.com 11/2020. interested in Personal-Financial.com? Here is the Subscription shopwhere you can order the print version. Our digital edition is available at iTunes and GooglePlay


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