Summary: Sparda-Bank West clients cannot currently buy stocks on the banking platform. The best way to buy stocks with a Sparda-Bank West account is by going through a secure brokerage platform like eToro. eToro is a multi-asset share brokerage platform with over 2000 assets to invets in.
Does Sparda-Bank West allow stock investing?
Unfortunately, Sparda Bank does not currently allow the investing of stocks directly on its platform. This is because the platform has not acquired the appropriate licensing to operate a share-investing feature on its site. Not to worry, there are secure alternative ways to investing in stocks with a Sparda bank account.
To buy stocks in Europe, you will need to use a share brokerage platform. We recommend using eToro as it offers the highest security with over 15 years experience, has the most asset classes available out of any platform (commodities, currencies, stocks, indices, ETFs and crypto) and offers unique features like CopyTrading that allow you to mimic the trades of successful eToro investors.
How to buy stocks with Sparda Bank
In this method, we show Sparda-Bank West users how to buy stocks via credit/debit card but you can also deposit through bank transfer, PayPal, Skrill and Neteller. Follow the below steps to get started.
- Sign up to eToro and complete the verification process.
- Deposit funds via credit/debit card.
- Search for the stock you want to buy (we use Apple).
- Enter the amount you want to buy and select 'Set Order'.
Is it expensive to buy stocks with Sparda Bank West?
For a short answer, no, when you buy stocks through eToro the fees are effectively non existent. To deposit funds on eToro via credit/debit card, it is completely free and instant. And to make it better, eToro offers 0% commissions on stocks meaning no management, rollover, ticket or broker fees whatsoever.
However, other share brokerage platforms like Degiro and Trading 212 charge administrative fees, monthly management fees, ticketing fees and brokering fees plus many more additional hidden ones. To see a full breakdown of eToros stocks and ETFs fees, we recommend visting the eToro Fees Schedule.
About Sparda Bank
Sparda Bank West is a regional bank based in Germany. It offers banking products and services to retail, corporate, and institutional clients. The bank has a wide range of products, including savings accounts, checking accounts, credit cards, loans, and investment products. It also offers online banking and mobile banking services.
The bank was founded in 1871 and is headquartered in Dortmund. It has over 1,200 branches across Germany and employs around 11,000 people. Sparda Bank West is a member of the Sparda-Banken banking group, which consists of eight regional banks. It has generally positive reviews, with customers praising its customer service, wide range of products, and competitive rates.