Frequently asked questions

Here you will find answers to the most frequently asked questions about Ginmon.

Understanding Ginmon

What does Ginmon offer me?
Ginmon offers you a transparent and fully automated portfolio management with a clear strategy. This allows you to invest easily and cost-efficiently in proven investment formats.

Ginmon’s user-friendly technology combined with its comprehensible investment products offer a completely new way to invest. Ginmon is an honest and fair alternative to traditional bank products and investment advisors.

How does intelligent investment work at Ginmon?
The investment process of Ginmon has three steps:
1. Initially you determine your investor profile by answering seven multiple choice questions. This will take less than two minutes.

2. In the next step, you can easily adjust your preferred investment using a slider. Now you also enter your one-time investment and your desired monthly savings rate. Our platform will automatically calculate the optimum capital allocation for your investment and will show you the expected annual rate of return.

3. Once you have set up your deposit account at our partner bank, Ginmon automatically implements your investment strategy and optimises your portfolio on a continuous basis. It is easy and convenient to manage your portfolio with only a few clicks in your Ginmon login. There, you can make deposits and withdrawals or change your savings rate. Using your desktop computer, tablet or smartphone, you can always monitor how the value and composition of your investment develops at a glance.

Which depository bank does Ginmon use?
As a corporate client, Ginmon uses DAB Bank as the custodian bank for its customers.

DAB Bank AG has been 100 percent part of BNP Paribas Group since 2016. Nowadays, its sister institute Consorsbank, which is also part of BNP Paribas, caters for private customers.

Why does Ginmon generate such high returns?
Ginmon combines high returns with low costs. How exactly does this work?

We rely on two factors to yield high returns at low administration costs: A scientific countercyclical investment strategy and high automation; no fund managers or manual processes are needed.

The Ginmon investment strategy is based on the Nobel Prize-winning research of Professor Eugene Fama. His core finding is that the development of stock markets cannot be predicted. Thus it is pure gambling to try to outperform the market by selecting individual stocks. Instead of relying on a fund manager’s gut feelings, our algorithm invests counter-cyclically and across the market. Therefore, you profit from the high average returns of the global capital market by being invested in almost 12,000 securities from more than 100 countries. In this way, you can secure high returns at low volatilities.

By not using fund managers, you also avoid expenses for analysts and unnecessary security transactions. Since processes are fully automated they are always as cost-efficient as possible. You fully benefit from these cost advantages and achieve the highest return on your investment.

How much do I have to pay for investing with Ginmon?
Ginmon offers you a cost-efficient and profitable investment. Our fees are as follows:

Flat fee: 0.75 % p.a. of the investment amount
ETF Costs: 0.23% p.a. average ETF costs

Flat fee: Our low all-inclusive basic fee already covers all services offered and there are no transaction commissions. The minimum monthly fee is €1.50.

ETF Costs: An investment in ETFs and investment funds is always subject to fund fees (TER) which are directly subtracted by the fund provider from the fund NAV. The average TER across all strategies is 0.21%. Additionally, due to bid-ask spreads trading costs of 0.02% per year can be expected*.

*average across all strategies and assuming annual portfolio turnover of 15% of the portfolio value at the beginning of the year. Trading costs refer to the average bid-ask spread of our ETFs during the first quarter of 2018 on Xetra (source Bloomberg). Actual bid-ask spreads may be different.

What does "License: §32 KWG" mean?
Wealth management pursuant to section 32 of the German Banking Act (KWG), investors delegate the decisions on their financial assets to the wealth manager by proxy. The wealth manager invests in consideration of the risk profile of the investor in order to achieve the highest possible returns for him. The asset management requires a permit from the Federal Financial Supervisory Authority (BaFin).
What does "License: §34f GewO" mean?
Financial investment brokers pursuant to section 34f of the German Trade, Commerce and Industry Regulation Act are service providers for the consultation and brokerage of financial investments. These include investment funds, shares of closed-end investment funds, equities, etc. As soon as a financial investment broker operates commercially, it must register in the brokerage register of the Chamber of Commerce and Industry.
In which way do I receive information about my portfolio and how its value has developed?

In your login area (at you can always look into your current investment strategy and how the value of your portfolio has developed. There, you can also always adjust your monthly savings rate and your investment strategy. Withdrawals are possible free of charge at any time.

Does Ginmon really not get any commissions or hidden fees (kick-backs)?
We operate in the best interest of our customers. Our goal is to be the most customer-friendly financial investment manager in Germany. Therefore, we operate without any commissions and hidden fees. Our pricing is always 100 percent transparent. This way you can rely on us as your neutral broker.
Is it possible to cancel my portfolio at Ginmon at any time and do I get my money back immediately?
You can access the money invested at any time. In just a few steps you can cancel your portfolio at Ginmon. Once the termination is submitted, we liquidate your investment and transfer your money back into your reference account.
Where does Ginmon buy/sell the securities of my investment strategy?
Our partner bank DAB Bank processes any buy or sell orders of our customers. The annual service fee of Ginmon already covers these order costs. The DAB Bank is subject to the best execution principle regarding any security transactions.
Can I make a deposit by wire transfer?

Yes, customers whose accounts have already been opened can easily make deposits by wire transfer. The wire transfer should be made to the customer’s clearing account at our partner bank DAB BNP Paribas. The clearing account details can be found in the Ginmon account under “Account details” in the “Bank details” tab.

For wire transfers, there is no minimum deposit amount. The reference text may also be chosen freely. As soon as the deposit is credited to the clearing account, the surplus liquidity will be automatically invested into the portfolio.

Note: The initial deposit as specified during the account opening process can not be made by wire transfer. In this case, the deposit will always be made by direct debit automatically.

How quickly will a deposit be invested?

A deposit by direct debit will be booked within 2-3 bank working days from the customer’s reference account. A deposit by wire transfer is usually processed within one bank working day.

Subsequently, the money will be automatically invested. This normally happens on the same day the money is credited to the customer’s clearing account. However, it takes 3 bank working days until the investment is mirrored by the Ginmon account. This is due to the fact that the Ginmon account only shows securities upon their value date.

What is the value date: After every security transaction both parties have two days to transfer the securities or cash respectively. This is a common practice on the German stock exchange. Therefore, the value date (the day when the security ultimately comes into the customer’s possession) is always two days after the transaction date.

Since the Ginmon account only shows the previous day’s data, it takes 3 bank working days until the investment is mirrored by the Ginmon account.

Does Ginmon withhold capital gains tax on my profits?
Yes, taking into account the yearly saver’s allowance of up to €801 (if you have sent us your tax exemption instruction or “Freistellungsauftrag”) capital gains tax is directly withheld by our partner bank DAB Bank. Any capital losses are also set off against capital gains.
Why is Ginmon that much cheaper than classic investment funds and other banking products?
Combining modern technology with cost-efficient investment products, Ginmon offers you a significantly cheaper and more attractive alternative to classic investment funds and traditional banking products.

Ginmon’s high level of automation reduces your costs and eliminates errors caused by manual processes. Furthermore, our technology platform increases the processing speed and improves the customer experience. An attractive solution for efficient wealth creation results – and fees are up to 60 percent lower than for classic investment products.


Does Ginmon have access to my assets?
You have sole access to your assets as the holder of your own securities account. Ginmon never has any legal or technical access to your assets. Since the securities in your deposit are classified as segregated assets, they are also protected in the event of an insolvency of DAB Bank, our partner bank.
Where exactly is the money of my investment deposited?
You have sole access to your assets as the holder of your own securities account. Ginmon never has any legal or technical access to your assets. Since the securities in your deposit are classified as segregated assets, they are also protected in the event of an insolvency of DAB Bank, our partner bank.
Are my assets at Ginmon guaranteed by the European deposit protection?
The EU deposit protection guarantees repayment claims of customers against financial institutions. Assets held in a securities deposit are protected from third party access. In case of an insolvency of the partner bank, you are safe as a deposit holder.

Moreover, your credit on the settlement account is guaranteed by the EU deposit protection, as DAB Bank is a German financial institution. Thus, there is no need to worry about the safety of your investment.

How does Ginmon protect my data?
The EU deposit protection guarantees repayment claims of customers against financial institutions. Assets held in a securities deposit are protected from third party access. In case of an insolvency of the partner bank, you are safe as a deposit holder.

Moreover, your credit on the settlement account is guaranteed by the EU deposit protection, as DAB Bank is a German financial institution. Thus, there is no need to worry about the safety of your investment.

Does Ginmon use a secure connection for the transmission of my data?
Protecting customer data is of the utmost importance for Ginmon. Besides the Federal Data Protection Act (Bundesdatenschutzgesetz), Ginmon also observes the Data Protection Directives of the European Union and other data protection rules and regulations.

Ginmon is strictly bound to the lawful and responsible handling of customer data.

Does Ginmon send e-mails asking me to enter my login details and/or my password?

No, you will never be asked by us to enter your access data in an email. Such a query is most likely to be fraudulent. In such an event please notify our customer service immediately, e.g. by e-mail to

Investment strategy

What is the minimum investment amount at Ginmon?

The minimum investment amounts to 1,000 € with a savings plan (from € 50 per month).

The minimum investment without a savings plan amounts to € 5,000.

What is an ETF?

ETFs (Exchange-Traded Funds) are investment funds with low operational costs as they do not have an active fund manager. Compared to traditional investment funds with an active fund manager, ETFs and other index funds are more suitable for long-term wealth creation due to low costs and high return realised by more precisely replicating the market.

Which funds does Ginmon use?

An overview of our current product universe can be found here: ETF selection criteria

Why do I invest exclusively in index funds at Ginmon?

Many academic studies have proven that traditional investment funds with an active fund management fall behind the market return in the long term while also causing significantly higher costs.

Therefore, Ginmon invests exclusively in ETFs and other index funds making sure that you have the most profitable investment in the long-term.

How do I choose the right investment strategy for me?

The choice of your investment strategy depends on your personal preferences regarding your expected return as well as the possible volatility of your investment. Investment strategies with a greater proportion of shares have a higher expected return but may also fluctuate more in their value than strategies with a lower proportion of shares tend to do.

If you are unsure which investment strategy to choose, we recommend you determine your investment style via our specially developed interview. By answering seven short questions you will determine your individual investment style in less than two minutes.

Can I change my investment strategy?

You can change your strategy in our customer center via the button “Change investment strategy” in the menu “Overview”.

Please bear in mind that you pursue a long-term investment philosophy at Ginmon. The fundamental idea is to keep the investment strategy both in strong and difficult market phases. Accordingly, we discourage any short-term responses. So-called market timing with frequent changes of the investment strategy has been proven to lead to poorer results.

If you wish to modify your strategy regardless, you can always re-use the risk interview to evaluate your alternatives.

Why do I invest in commodities at Ginmon?

Commodities are a unique asset class in the sense that they do not generate any cash flows and cannot be characterised as productive capital. Any potential price changes are solely due to a shift in supply and demand. For a long-term investment strategy, a limited investment in commodities is nonetheless beneficial because of its low or even negative correlations with other asset classes such as equities or bonds. Thus, they provide a great level of diversification.

With our commodities ETF you participate in the price development of the three most important commodity sectors: energy (e.g. oil), industrial metals (e.g. copper), and precious metals (e.g. gold). Due to ethical reasons we strictly exclude agricultural products because we do not want to participate in speculation with such products. Furthermore, academic research such as Bessler und Wolff (2015) has shown that agricultural products provide no positive portfolio effects.

Why do I invest in real estate at Ginmon?

Real estate stocks and REITs have several positive attributes in the context of portfolio allocation. Due to their low correlations with other asset classes they provide a great amount of diversification. Additionally, they offer inflation protection because rental rates typically rise when inflation rises.

What is meant by rebalancing?

Rebalancing is the continuous adjustment of your portfolio to the predefined composition of your investment strategy. As the various asset classes in any portfolio will develop differently, their relative weights will change over time.

In order to maintain your desired asset allocation we regularly rebalance your portfolio. That means that we sell those asset classes whose weights have drifted away from the optimal allocation and are now higher than the target allocation. On the contrary, asset classes whose weights are lower than desired will be bought.

This procedure ensures that the optimal level of diversification within your portfolio is maintained at all times. Several academic studies have shown that a portfolio with rebalancing exhibits a lower level of risk than a simple buy-and-hold strategy. In certain market environments rebalancing may also enhance portfolio returns because it includes regularly buying undervalued and selling overvalued assets.

How does Ginmon predict the value development of the strategy portfolios?

The predicted value development of a chosen strategy portfolio is based on historical data and on a statistical simulation model. The outlined areas in the investment planner describe the results of the simulation model for all scenarios with a probability of occurrence of 90 percent.

The data for the return simulations is based on the historical monthly returns of the underlying indices since 2006. Where data availability was insufficient or too short we used a proxy index. Hereby, we ensured maximum alignment of the proxy with the underlying index. E.g. the Bloomberg Barclays EM USD Sovereign and Quasi-Sovereign 3% Capped Index was only launched in 2013 which is why we used the parent index Bloomberg Barclays EM USD Sovereign and Quasi-Sovereign Index for the time period prior to the launch. US-Dollar values were converted into Euro using EURUSD exchange rate data from the Federal Reserve Bank of St. Louis.

The respective weighted historical value fluctuations of the underlying indices are used as the calculation basis for the expected value development as well as for the variation of the respective investment strategies. The predicted value development also includes all the service fee of Ginmon amounting to 0.75 percent per year. The external expenses for the product providers are also included. The predicted value development assumes a monthly reinvestment of the dividend earnings and a continuous re-balancing to maintain the planned asset allocation.

Which investment concept do I pursue with Ginmon?

The investment concept of Ginmon is based on scientific findings of modern portfolio theory (efficient market hypothesis of Professor Eugene Fama).

At Ginmon, we have developed an investment strategy that is free of predictions and speculations and gains the highest return for each risk level in the long-term. With Ginmon, you do not invest in single stocks or bonds but broadly diversified in thousands of companies and the entire global economy. In this way, you remain independent of the development of individual world regions and benefit from a continuous growth of the global economy. Additionally, the asset classes are weighted according to your personal investment profile by combining several index funds.

Ginmon’s investment philosophy is based on a buy and hold strategy with rebalancing. We do not try to buy or sell in specific market phases, but instead, we stay invested in the global market for as long as possible. Many scientific studies prove that in the past the highest returns were usually achieved in this way. By regularly rebalancing we also ensure that the optimal asset allocation of your portfolio is maintained at all times.

In addition, the automation of Ginmon’s technology platform leads to significant cost savings that are passed on directly to the customers. At Ginmon, you save up to 60 percent of the fees incurred by conventional investment fund products.


Where can I ask more questions / suggestions?

It is our goal to offer you financial investments as simple and as easy to use as possible. In case you still have any further questions, please contact us by phone during our office hours at 069 153227340. You can also use our internet chat function via the button along the lower left portion of your browser. And of course, you can contact us via email at

I do not live in Germany, can I become a customer?

Due to the corresponding regulatory requirements, we are unfortunately unable to open an account for all clients with tax residence outside Germany. Therefore, if the country of your current residence is not displayed in our registration, we cannot open an account for you.

Please note that your nationality is irrelevant for registration. The legitimation of the person is carried out via the PostIdent procedure of Deutsche Post. This can be done either:

1. In person at any branch of Deutsche Post.

2. Or more conveniently via video verification at home (both in Germany and abroad).

The Ginmon website is not displayed correctly. What can I do to ensure correct display? is continuously tested on any common browsers. In case content of the website is not displayed correctly, please send us a short notice to Thank you.

Can I also use Ginmon on my smartphone or tablet computer?

The Ginmon website is optimized for mobile devices as well. Just open Ginmon in your browser on your smartphone or tablet computer.

Where can I find the general terms and conditions as well as the list of prices and services of Ginmon?

The latest version of our general terms and conditions, as well as the price and service list, can be found at:

I want to know more about financial investments. Where can I find the Ginmon blog?

Our blog will give you tips and background information regarding your personal finances. We are deeply convinced that you can manage your private wealth successfully without any major efforts or prior experience.

Take a look!