OpenBank
BdE/CNMV
Quirion
BaFin
OpenBank vs Quirion
Head-to-Head Comparison 2026
Our Verdict
Quirion has a higher rating of 4/5 compared to OpenBank (3.7/5). OpenBank offers 4 instrument types, while Quirion offers 2. The minimum deposit is lower at OpenBank with 0 €. Quirion is BaFin-regulated, while OpenBank is supervised by BdE/CNMV. OpenBank has been in the market since 1995, making it the more experienced provider.
Comparison Table
| Criteria | OpenBank | Quirion |
|---|---|---|
| Rating | 3.7/5 (750 reviews) | 4/5 (750 reviews)✓ |
| Regulation | BdE/CNMV | BaFin |
| Fees | Funds with no buy/sell fees, roboadvisor from 0.49% p.a. | 0.48% p.a. management fee, ETF costs from 0.15% p.a. |
| Min. Deposit | 0 € | 1 € |
| Instruments | Stocks, ETFs, Funds, Robo-Advisory | ETFs, ETF-Sparpläne |
| Platforms | OpenBank Web, OpenBank App | Quirion Web, Quirion App |
| Options Trading | No | No |
| Founded | 1995 | 2013 |
| Headquarters | Madrid | Berlin |
Detailed Comparison
Fee Comparison
OpenBank: Funds with no buy/sell fees, roboadvisor from 0.49% p.a.. Minimum deposit: 0 €.
Quirion: 0.48% p.a. management fee, ETF costs from 0.15% p.a.. Minimum deposit: 1 €.
Product Range
OpenBank (4 categories)
Quirion (2 categories)
Trading Platforms
OpenBank
- OpenBank Web
- OpenBank App
Quirion
- Quirion Web
- Quirion App
Regulation & Security
OpenBank is regulated by BdE/CNMV (HQ: Madrid).
Quirion is regulated by BaFin (HQ: Berlin).
Who Is It For?
OpenBank
Digital bank of the Santander Group with investment features
✓ Part of the Santander Group – high security
✓ No buy/sell fees on funds
✓ Roboadvisor feature for passive investors
✗ Limited stock selection
✗ Primarily focused on Spanish customers
Quirion
Digital robo-advisor from Quirin Privatbank with automated investment
✓ From Quirin Privatbank – BaFin-regulated full banking license
✓ Automated ETF investment with scientific approach
✓ Low management fee of 0.48% p.a.
✗ No active trading possible, robo-advisor only
✗ Limited customization options
Frequently Asked Questions
Is OpenBank or Quirion cheaper?
Which broker offers more products: OpenBank or Quirion?
Which broker is better regulated?
Is OpenBank or Quirion better for beginners?
OpenBank vs Quirion: Which broker is better overall?
OpenBank
Digital bank of the Santander Group with investment features
Open Account →From 0 € min. deposit
Quirion
Digital robo-advisor from Quirin Privatbank with automated investment
Open Account →From 1 € min. deposit