Whitebox
Experiences, reviews and information about the provider
Details
Pros
- Its own BaFin permit for financial portfolio management
- Valuation-oriented approach rather than purely rigid weighting
- Depot and account management at a German bank with statutory deposit protection
- Sustainable portfolio variant available
Cons
- No deposit protection of its own, protection only via the partner bank
- Minimum investment higher than at some competitors
- Change of management and strategic realignment since 2026
- A more active strategy increases the deviation from the overall market
Fact sheet: Whitebox
| Company name | Whitebox |
| Founded | 2014 |
| Headquarters | Freiburg im Breisgau |
| Country | 🇩🇪 Germany |
| Type | robo advisor |
| Website | whitebox.eu |
About Whitebox
Whitebox GmbH was founded in 2014 by Salome Preiswerk and Dr Birte Rothkopf and is based in Freiburg im Breisgau; the founders stepped back from the management at the end of 2025. Whitebox has its own BaFin permit for financial portfolio management and is therefore under German supervision (BaFin is the German financial regulator). The investment strategy combines passive ETFs with a valuation-oriented weighting based on value criteria and is monitored on an ongoing basis. There is no deposit protection (Einlagensicherung) of its own, because Whitebox is not a bank: account and depot are held at the BaFin-licensed flatexDEGIRO Bank AG, where balances in the settlement account are covered by the statutory German deposit protection up to €100,000. The ETF units are segregated assets and remain the investors' property if Whitebox or the custodian bank becomes insolvent.
Special features
- Founded by two management consultants
- Custodian bank is flatexDEGIRO Bank SE
- ETF units in the depot are segregated assets
- Cooperation with Morningstar in assessing asset classes
