Trading: Which app is useful?

All of them have been test winners in renowned compare, depending on which aspects were more or less in the focus of the test.

The A&O for trading is the quick and easy (also free of charge) deposit opening. Usually 3-5 minutes with the ID card for identification and you’re ready to go. There should be no costs for the depot, but also for trading. Tip: Place 1 + 2 are 100% free, as far as depot and trades are concerned.

In addition, of course, there is the large product selection. Starting with shares from different countries, ETFs (i.e. “bundled shares”), cryptocurrencies, commodities such as gold, oil, etc. At eToro (2nd place), you can “follow” other traders as an extra feature. This automatically copies their trades, all purchases and sales. With a look back at their investment history, an interesting tool for investors.

The most important services from experience:

• Availability via app (smartphone) and browser (notebook)
• Quick and easy deposit opening
• No account and custody fees
• Fair fixed prices
• Favorable conditions
• Large product selection (stock, ETF, crypto, commodities, etc.)

Caution. 3 simple golden trading tips

Before we get to my app recommendations and experiences, here are 3 important ground rules for beginners:

1. Don’t put all your eggs in one basket – diversifyyour investments
2. Trading only with “play money” – money that is not needed
3. “All time high” – values always rise in the long run (safe ETF and funds [like DAX or DOW), think long term

Short / medium and long term: trading differences

Here again, very, very generally set up, which types of investments take place in which time periods:

• Long-term / quiet “trading” – Tip: Buy first property
• Long / medium term trading – ETF (“bundle of shares” of one industry)
• Medium-term trading – shares
• Medium / Short Term Trading – Cryptocurrency
• Short term trading – currencies

Long term: > 1 year
Medium term: ~ 1 – 12 months
Short term: ~ 1 week – 1 month

Tip. If cryptocurrency (like BitCoin, Ethereum, etc.) is held for more than 1 year, the gains are tax-free. Otherwise, capital gains tax (25% on gains) will apply.

Trade Republic: Rank 1 / Rating 8.9 out of 10

Trade Republic is Made in Germany and one of the success models and “Unicorns” (startup worth over 1 billion) in Germany. “Despite” being located in Germany, the app for iOS and Android offers the finest trading experience, from home and on the go.

All major stock market securities can be traded in the app: Stock, ETF, Crypto, Commodities, etc. Registration and login is done in less than 5 minutes.

Trade Republic does not cost money, the app is free, account management and custody, there are also no order fees. Therefore, deservedly, according to all experience in the first place.

Advantages / Disadvantages: No fees, operated + Made in Germany

My rating for the eToro app:

8.9 / 10 *

Trade Republic Disadvantages:

• Fast online registration (with ID card)
• No order fees
• No custody fees
• Developed and operated in Germany

Trade Republic Disadvantages:

• None

Trade Republic App Download: Free

Open a Trade Republic account now:

• Trade Republic

EToro: Rank 2 / Rating 8.8 out of 10

eToro is, next to Trade Republic, my favorite app for trading on the go, in the office and at home. eToro is probably already known to many from TV commercials. As a US company, the startup naturally has much more capital than Trade Republic, for example.

After all my eToro experience, I can guarantee that the app is stable. Simple and fast registration via the app, deposit money, and you’re ready to go.

eToro has no custody fees, no account fees, no order fees. By the way, this is only the case with #1 and #2, the other apps always charge at some point. More about that in a moment!

Advantages / Disadvantages: No fees, traders copy, …

My rating for the eToro app:

8.8 / 10 *

Advantages of eToro:

• Fast online registration (with ID card)
• No order fees
• No custody fees
• Copy other traders (their trades)

Disadvantages of eToro:

• Caution: Only private people are allowed to trade (business will be terminated immediately; even in minus)

EToro App Download: Free

Open an eToro account now:

• EToro

Here are two extra guides from me, for eToro Trading:

• EToro App: Experiences
• Copy trader

Scalable Capital: Rank 3 / Rating 7.4 out of 10

Scalable Capital ‘s app runs flawlessly, almost everything can be traded, but the securities account costs 2.99 euros per month. Okay, it’s only 3 euros, but custody account fees are no longer state of the art. Therefore, in line with the 3 euros per month, only in 3rd place in the ranking and test, the app from Scalable Capital.

Advantages / Disadvantages: Custody fees, …

My rating for the Scalable Capital app:

7.4 / 10 *

Advantages of Scalable Capital:

• Fast online registration (with ID card)
• No order fees

Disadvantage of Scalable Capital:

• Deposit fees: 2.99 euros per month

Trade now with Scalable Capital:

• Scalable Capital

Flatex: Rank 4 / Rating 7.1 out of 10

Solid app, solid trading, but: What is even “worse” than custody fees of 2.99 euros per month, as in 3rd place? Order fees. Because for each trade at flatex, is paid extra. If you don’t trade in 1,000 euro or dollar increments, but with only 50 euros per trade or 100 euros per trade, you lose money that you don’t have to lose (see 1st, 2nd and maybe 3rd place).

That’s why it’s only 4th in the ranking of the best trading apps.

Advantages / Disadvantages: Order fees for stock trading, …

My rating for the eToro app:

7.1 / 10 *

Advantages of flatex:

• Fast online registration (with ID card)
• No custody fees

Disadvantages of flatex:

• Order fees

Flatex App Download: Free of charge

Open a flatex securities account now:

• Flatex

More trading knowledge for beginners

Here’s a little bonus and digression about trading with apps:

Share, ETF, Crypto & Co. – My experience

Stocks, ETF, Forex, Cryptocurrency, Social Trading – Here’s a little list of a few learnings that cost me money but are so simple you should know them! Want to buy stocks, index funds, cryptocurrency like Bitcoin or Ethereum, foreign exchange (currencies)?

• Trade and experience

Currencies – Trading with “classic” FIAT currency

Learn currency trading – How can you trade with Euro, Dollar & Co. How does currency trading (Forex/FOREX) work? ETFs are speculative, stocks are more speculative, currency trading is mostly trading in real time: Constantly stay in between financial / political / economic news and price development. For beginners, this means building understanding step by step. What is it about?

• Currency trading

Cryptocurrencies – Trade BitCoin, Ethereum & Co.

Crypto Trading – Make quick money with cryptocurrencies! The world is not that simple! Or is it? With the important trading strategies, can be achieved with cryptocurrencies, as strong returns, as with shares, of course, with higher risk. But how does crypto trading work? Are there differences in trading and risk?

• Trade cryptocurrencies

Selling property for parents, grandparents and loved ones

As a child, you worry about mom and dad; as a grandchild, you worry about grandma and grandpa. Retirement savings don’t last forever, and neither do the savings. At some point, the property becomes too big, and at the same time the savings become less and less. At the latest now, a solution must be found for your loved ones!

What to do when you need to sell?

Prevention is better than aftercare: options

Before it is about expressions of grief, it is about good solutions. People grow old and at some point, life has to be organized appropriately. For many, this means selling the house and moving into an age-appropriate condominium. Accordingly, close people have to make decisions. This includes living wills, in case your loved ones are no longer able to make their own decisions at some point. But it is just as much a part of thinking about your own property.

One thing is also Important: First and foremost, do not think about your own inheritance, but about the family!

Let’s take a look at the 3 options for your understanding: Sale of the property, partial sale and real estate annuity! Tip, you will find further links to all three topics, with detailed explanations. What to do when someone gets old? Here are three alternatives!

Options in the sale of real estate:

1. Real estate annuity – selling with lifelong right to live
2. Partial sale – Proportionate, with option for total sale
3. Sale – Complete sale of the property

In addition, for owners: an extra tip on the subject of bequeathing correctly.

Real estate pension: sale with extra “pension” – Option 1

Your first option is the real estate pension. The real estate annuity is especially interesting for people who have already reached a higher age, usually from 70, 75 years. Should you prefer a solution in which your relatives can stay in their own property until the end of their life (!) without any complications, then the life annuity is an option you should consider.

Life annuity means that the property is sold in its entirety, but the owner retains a full right of residence and use until death. These privileges are secured by the usufructuary right. In addition, the seller receives a small, monthly extra “pension”. Another advantage, they no longer have to worry about maintenance costs in the future. This is the responsibility of the new owner. All in all, a comfortable solution, especially in old age.

Real estate pension simply explained:

• Direct, complete sale
• Lifetime right of residence and use
• Small, monthly “extra pension” for former owner
• No maintenance costs

Read more about topic here:

• Real estate pension

Unconcerned and reassured into old age.

Partial sale: Proportionate, with possibility of total sale – option 2

The second option for your loved one, if you want them to be able to continue living in their property, whether it’s a condo or a house, is to partially sell a property.

A partial sale works like this, you sell the part of a property, usually between 10% and 50% pro rata, to a finance company. For this sold part, the financial company charges a so-called “usage fee”. The user fee is paid in return for the fact that sole residential rights and rights of use are still granted. This means that the finance company merely becomes the partial owner. The advantage: you get the sale price relatively uncomplicated, without a major credit check, as with loans from the bank. The disadvantage: the user fee is relatively high, e.g. compared to a mortgage loan.

Partial sale summarized:

• You sell a part of your property (usually 10-50%)
• Partial purchase house: Yes
• Partial purchase apartment: Yes
• Partial purchase of land: Yes
• Financial company becomes part owner
• You remain the sole user of the property
• You pay monthly usage fee
• Total sales in X years (optional)

Read more about the advantages and disadvantages here:

• Partial sale property

Complete real estate sale – option 3

Your third option, if you need to find a solution, is the complete sale of condominium, house, apartment building. For the regular process, the question often arises, sell privately or sell with broker? Especially the emotional situations, such as deciding on the future of their own parents or grandparents, it is recommended to work with an experienced broker. After all, it is about all the advertisements, communication with interested parties, selection according to serious, unseriös, the subsequent credit checks, arrangement of viewing appointments and many more. Of course, also a big factor, the previous real estate valuation.

Read more here:

• Sell property

Selling real estate: Procedure and steps

To give you an initial overview of how such a sales process works, explained here in 18 simple steps, categorized into 3 phases.

1. Preparation: prepare property and sale
1. Financial planning and timing of sale
2. Hire real estate agent
3. Records and documents
4. Increase real estate value
5. Determine offer price
6. Create exposé
2. Sales phase: market property and find buyers
1. Market real estate
2. Contact with prospective buyers
3. Filter and select prospective buyers
4. Credit check
5. Viewing dates
6. Sales talk & purchase price negotiation
3. Sales processing: purchase contract until handover
1. Draw up purchase contract with notary
2. Notary appointment
3. Land register entry and payment processing
4. Handover of the property
5. Notary fees & broker commission
6. Pay taxes

These 3 options are primarily available to you.

These were the most important tips for selling with and for your loved ones!

Whether a condominium in a prime A-location or a…

… Condominium in 60/70 prefabricated building:

Extra tip: Bequeath / inherit correctly

Here are a few extra tips for you.

Sale with usufruct

If you are considering a direct, outright sale of your parent’s, grandparent’s or loved one’s property, be sure to take a look at usufructuary rights. Usufructuary right simply means “lifetime, sole right of occupancy.” So, it means that your loved ones hold the sole right to use the property, even after the sale. The same applies in other cases, such as an anticipated inheritance (link above: Inheritance).

Advantage: The usufruct right brings you the advantage that your relatives are not dependent at any time, on the goodwill or the consent of the seller.

Inheritance in advance: Taxes & Co.

Tip. Before it is too late, talk to your parents and grandparents about the inheritance early on. After all, an early inheritance can save you quite a bit, especially on taxes. Learn more about early inheritance here:

• Bequeath correctly

For heirs:

• Inherit correctly

Inheriting correctly also often means preventing disputes among children.

Take care!

Great choice: 20 + clubs in Mallorca

As a real estate agent, I am asked many questions, but one is particularly important: Which golf course can you recommend? Discovering all the golf courses in one tour is impossible. Discovering all the golf courses in this list is quite easy. My 10+2 recommendation for you.

All golf clubs / courses in one map

First an overview, in this map I have noted all golf courses in Mallorca for you:

Golf Son Vida: Directly in Palma de Mallorca

Son Vida is – according to personal taste – the villa district in Ibiza. As part of Palma de Mallorca, here you can enjoy all the advantages of the city, at the same time you have your peace and anonymity if you wish. In Son Vida, however, the golf course is also one of the most beautiful on the island and should be visited by you once, if you have the time.

As an alternative to Son Vida you will get to know Golf Son Muntaner, in the immediate vicinity.

Son Vida Golf Course on the map:

Golf Son Vida from above:

T-Golf & Country Club

Many, really many prefer to spend their time in Mallorca in the southwest of the island. Why? Here the sun shines the most intense and longest (evening sun). The ideal golf course for those who spend their time in Palma Nova, Santa Ponta or Torreno is the T-Golf & Country Club.

Directions to the T-Golf & Country Club:

View from above (drone):

Golf Son Gual

A little east of the island’s capital is Golf Son Gual. Also a first-class recommendation for golf fans on Mallorca. Here you have no sea view but even more “real Mallorca”. As an alternative to Golf Son Gual you will get to know the Golf Park Mallorca, only a few minutes away by car.

Golf Son Gual on the map:

Golf Son Gual Mallorca from above:

18 hole private club

Golf Son Muntaner

Golf Son Muntaner is located almost directly next to Son Vida and offers itself especially here as a direct alternative, for some variety. From here you have views in the direction of Palma, sea and also the landscape of Mallorca’s inland in view.

Golf Son Muntaner on the map.

Golf Son Muntaner from above:

Golf Park Mallorca

The Golf Park Mallorca is again a good alternative to Golf Son Gual. Also, a tip for those looking for a villa in Mallorca Santa Eugènia, small but nice, in the middle of the inland.

Golf Park Mallorca on the map:

Golf Park Mallorca from above:

Golf Son Antem

If you are already in the region, Son Antem is the 3rd tip here on site. If you drive from Palma de Mallorca towards the southeast, you will almost automatically pass Son Antem, as can also be seen here on the map for the approach.

Golf Son Antem on the map:

Golf Son Antem from above:

Vall D’or Golf

To visit Vall D’or Golf, you have to go to the east of the island. But the journey is worth it, because away from Palma de Mallorca it is of course “always quieter”. Fewer tourists, fewer visitors, more quality. Despite the longer journey, you should have the Vall D’or Golf Course on your radar.

Vall D’or Golf on the map:

Vall D’or Golf from above:

Club de Golf de Son Servera

We stay directly in the east of the island and come from my recommendation Vall D’or Golf to another recommendation on the east coast of Mallorca: Club de Golf de Son Servera.

Club de Golf de Son Servera from above:

Club de Golf Alcanada

Can you top the Club de Golf de Son Servera? Year, with Club de Golf Alcanada, located on a peninsula, with real 270° sea view.

Directions to Club de Golf Alcanada:

Club de Golf Alcanada from above:

Real Golf de Bendinat

Bendinat is one of the top adresses in Mallorca, as you may have already read in my guide Villas in Mallorca. Of course, there is a golf course here as well, but you might want to check out the recommendations above before playing a few rounds here. The course is good, but not very good.

Real Golf de Bendinat on the map:

Real Golf de Bendinat from above:

Capdepera Golf

How to find Capdepera Golf:

Capdepera Gulf from above:

Club de Golf Andratx

Last but not least, as always – Club de Golf Andratx must be on the list, as Port Andratx is also one of the most exclusive adresses on Mallorca.

Directions to the Club de Golf Andratx:

Club de Golf Andratx from above:

12 golf courses, 12 recommendations

These were 12 golf courses and 12 good recommendations for your next match in Mallorca. As soon as there are new golf courses in Mallorca, I will test you and decide if you make it to the recommendation list or not.

Living on the golf course? Apartments and Villas

You would like to spend time in Mallorca for weeks or months at a time? Many use the winter time and are for some time in Mallorca. Popular with golfers are also real estate, directly on the course. As a real estate agent, I will gladly support you at any time in the acquisition of real estate.

• Contact

Buy Villa Mallorca: Where to buy?!

Island tour, villa neighborhoods + realtor tips, all in one guide! Villa with pool, unique views of Palma, secluded coves or hotspots like Son Vida (suburb of Palma) and Port Andratx, in the west of the island. Mallorca is the buyer magnet in the Mediterranean and in Spain when it comes to real estate. There are many hotspots, but only this island combines “the big city life” with beach, nature, sun and tranquility – in the secluded villa neighborhoods. Some have been visiting the island for 5 or 10 years and know exactly in which area of Mallorca they want to buy, others are still undecided about the right location in Mallorca.

• Buy Villa Mallorca