OpenBank

3.7(750 reviews)

Digital bank of the Santander Group with investment features

BdE/CNMV RegulatedSince 1995

Trust Score

Very Good

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

0 €

Min. Deposit

Instruments

BdE/CNMV

Regulation

Platforms

Key Features

Stocks

Stocks trading available

ETFs

ETFs trading available

Funds

Funds trading available

Robo-Advisory

Robo-Advisory trading available

OpenBank Web

Trading Platform

OpenBank App

Trading Platform

Advantages

Part of the Santander Group – high security
No buy/sell fees on funds
Roboadvisor feature for passive investors

Disadvantages

Limited stock selection
Primarily focused on Spanish customers
No advanced trading features

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* External link. BeInOptions receives no compensation from this broker. All information is for educational purposes only and does not constitute investment advice.

About OpenBank

OpenBank was founded in 1995 and is the digital bank of the Santander Group headquartered in Madrid. Regulated by the Spanish BdE (Banco de España) and CNMV, OpenBank offers investment features including stocks, ETFs, funds, and a robo-advisor. Funds can be traded without buy or sell fees, and the robo-advisor starts from 0.49% p.a. There is no minimum deposit. OpenBank targets Spanish customers looking for a simple digital banking and investment solution. As part of the Santander Group, OpenBank offers the highest security but is primarily limited to the Spanish market.

OpenBank FAQ

Does OpenBank belong to the Santander Group?

Yes, OpenBank is the digital bank of the Santander Group. This ensures high security and the deposit protection of one of the largest banks in Europe.

What fees does OpenBank charge?

Funds can be traded without buy or sell fees. The robo-advisor costs from 0.49% per year. Separate fees apply for stock trading.

Is OpenBank available in Germany?

OpenBank is primarily focused on Spanish customers. For German investors, there are more suitable alternatives such as ING, comdirect, or Scalable Capital.