Ginmon review 2026

Ginmon charges a service fee of 0.75% p.a. excluding ETF costs. A reduction to 0.60% p.a. only applies from an investment amount of €1 million and is therefore practically irrelevant for private investors. The service fee covers depot management and all transactions. On top come on average 0.21% p.a. in fund costs for the ETFs used. Total costs are thus around 0.96% p.a. – a high figure in the rating field, clearly above quirion (around 0.65%) and bevestor (around 0.79%). On the positive side, Ginmon abolished the performance-based fee still charged in 2019 and charges neither front-end loads nor order fees. Scoring (21/32): The service fee of 0.75% p.a. falls in the "≤ 0.80%" category and earns 8 out of 16 points. The fund costs of 0.21% p.a. are just above the 0.20 percent threshold and give 7 out of 10 points under the "≤ 0.35%" level. Since no transaction costs and no performance fee apply any more, there are the full 6 points for other costs.

Ginmon structures its portfolios in ten risk classes with a systematically rising equity share. Besides the classic apeiron strategies there are ESG-compliant variants and TopZins products as a money market alternative. Each portfolio uses up to 14 ETF positions, investing in around 12,000 companies from 103 countries. The approach follows the factor research of Fama and French and deliberately targets factor premia. Allocation to the appropriate risk class is done via an investment questionnaire. Automatic, countercyclical rebalancing keeps to the target allocation. We could not find publicly documented trigger rules, however – such as specific deviation thresholds or fixed dates. Scoring (19/25): The investment universe is broadly diversified worldwide but, according to the verifiable information, consists at its core of shares and bonds – that gives 7 out of 10 points. The ten risk classes with an upstream questionnaire bring the full 8 points. For rebalancing, automatic implementation is verified, but the specific rules are not publicly documented; we therefore award 4 out of 7 points.

Ginmon reports the performance of its ETF portfolios since the launch of the robo-advisor in December 2015. Across all portfolios, performance since launch is in the range of 8.59% to 50.86%, and for the factor-based strategies the provider cites average performance of up to 8.66% p.a. since the start of 2016. That gives a track record per risk class over well more than three years. The individual investment strategies have their own product pages showing the portfolio composition, so prospective customers can form a picture before signing a contract. The fee page lists the service fee and average fund costs together. Scoring (18/18): The published performance per risk class over more than three years brings the full 8 points. For the publicly viewable portfolio composition on the strategy pages we award the full 6 points. Since the service fee and product costs are shown together, there are the full 4 points here too.

Information on the minimum investment is inconsistent at Ginmon. A minimum investment amount of €1,000 in combination with a savings plan can be verified; for a pure one-off investment without a savings plan, €5,000 is cited. We assess the lowest verifiable entry variant but expressly state the higher threshold for one-off investors. Savings plans are possible from €50 a month. There is no minimum term, the depot can be cancelled at any time, and partial withdrawals are possible. We could not verify a freely selectable savings plan rhythm. Scoring (11/15): The verifiable minimum investment of €1,000 falls in the "≤ €1,000" level and earns 4 out of 6 points; for pure one-off investors the hurdle is much higher at €5,000. The savings plan from €50 meets the minimum instalment, but a freely selectable rhythm is not documented – for that there are 3 out of 5 points. Cancellation that is free at any time, with partial withdrawals, gives the full 4 points.

Ginmon has received its own BaFin licence as an asset manager and therefore no longer works through a liability umbrella (Haftungsdach). Depot management is carried out via German partners – for existing accounts via DAB BNP Paribas, for newer products via Upvest. Customer securities are segregated assets and are protected in an insolvency. A Ginmon app gives an overview of the depot balance and performance, shows a news feed of account activity and allows deposits and withdrawals as well as changes to the savings rate; a web portal is also available. Customer service can be reached Monday to Friday until 7 pm by phone on a Frankfurt number and by email in German. Scoring (10/10): Its own BaFin asset manager licence and German depot management give the full 5 points. App plus web portal bring the full 3 points. Phone advice in German with long service hours gives the full 2 points.