OSKAR
Karlsruhe ETF savings plan with five risk strategies, managed by Scalable Capital
Quick Overview
| Company | Oskar.de GmbH |
|---|---|
| Category | Robo-Advisors |
| Headquarters | Karlsruhe, Germany |
| Founded | Not stated |
| EU Presence | Yes - Germany (EU) |
| Data Location | Not stated; depots and cash accounts are held by Baader Bank AG per the homepage |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | ETF savings plan across 10 funds, five risk strategies, portfolios managed by Scalable Capital |
| Pricing | Service fee 1.0% a year below EUR 10,000 and 0.8% above; ETF product costs about 0.14% a year; savings plan from EUR 25 per month |
| Best For | German savers who want a simple monthly ETF savings plan |
| Replaces | Betterment |
Detailed Review
OSKAR is a digital ETF savings plan run by Oskar.de GmbH, Karl-Friedrich-Str. 22, 76133 Karlsruhe, register HRB 730224 at the Mannheim court. The imprint does not state the registered seat explicitly.
The homepage states that OSKAR portfolios are managed by Scalable Capital, with depots and cash accounts at Baader Bank AG.
OSKAR savings plan and strategies
OSKAR offers an ETF savings plan across 10 funds with five risk strategies to choose from. The minimum is a savings rate of EUR 25 per month.
OSKAR fees
OSKAR states a service fee of 1.0% a year on amounts below EUR 10,000 and 0.8% a year above. ETF product costs of about 0.14% a year are included in the ETF prices.
One section of the page gives a range of 0.7 to 1%, so the exact fee should be checked before signing up.
Who holds the money at OSKAR
Depots and cash accounts are held by Baader Bank AG, according to the OSKAR homepage. The pages we read do not give a BaFin reference for Oskar.de GmbH.
Limitations to Consider
OSKAR's service fee of 1.0% a year below EUR 10,000 is high against ETF-only alternatives, and the page gives two different ranges. The savings plan minimum is EUR 25 per month, and no one-time investment is shown on the page. We found no BaFin reference for Oskar.de GmbH. quirion states a lower fee of 0.48% a year.
Who Should Use OSKAR
German savers who want a simple monthly ETF savings plan with a choice of five risk strategies and accept a higher service fee.
Pros and Cons
Pros
- Savings plan from EUR 25 per month
- Five risk strategies
- Portfolios managed by Scalable Capital
- Depots held at Baader Bank AG
- Fee falls to 0.8% above EUR 10,000
Cons
- 1.0% service fee below EUR 10,000
- Page gives two different fee ranges
- No one-time investment shown
- No BaFin reference for Oskar.de GmbH found
Alternatives to OSKAR
Other European robo-advisors worth comparing before you decide:
Scalable Capital
Germany · Munich broker with savings plans and own ETFs
quirion
Germany · Berlin robo-advisor with managed ETF portfolios
Indexa Capital
Spain · Madrid index-fund robo-advisor with pension plans
InvestEngine
United Kingdom · UK ETF platform with free DIY and managed portfolios
See all European robo-advisors or compare them directly against Betterment on our alternatives page.
Frequently Asked Questions
Yes. Oskar.de GmbH in Karlsruhe offers a digital ETF savings plan with five risk strategies, managed by Scalable Capital.
OSKAR states a 1.0% a year service fee below EUR 10,000 and 0.8% above, plus about 0.14% a year in ETF product costs.
The OSKAR homepage states that depots and cash accounts are held by Baader Bank AG.