Featured partnerSign up to Lightyear and get up to €100 in a free fractional shareCapital at risk, terms apply. Seek guidance if necessary. Claim Up to €100 Capital at risk, terms apply. Seek guidance if necessary. - Mintos offers more than 1,000 UCITS ETFs with fractional orders from €1 and no Mintos buy or sell fee.
- Self-selected ETFs are a new product. Recurring investment plans are not live, and execution is limited to market orders.
- Mintos says investors directly own their ETF units in segregated custody accounts, with Latvian investor compensation applying if eligible assets cannot be returned.
- We are keeping Mintos outside our ranked ETF broker list until the product and its documentation mature.
Mintos opened its self-selected ETF product on 21 July 2026 with a catalogue of more than 1,000 UCITS ETFs, a €1 minimum order, and fractional buying. For a European investor who wants ETF exposure sitting alongside other asset classes in one account, that combination deserves a look.
The reasons for caution are all connected to the age of the product. Recurring investment plans for self-selected ETFs are not live. Execution is limited to market orders. Mintos has not named the custodian that holds ETF units, and it has not published a practical process for moving ETF positions to another provider.
This review is based on Mintos's public product pages, Help Center documentation, and its Order Execution Policy. We have not opened a Mintos account or placed an ETF order, so nothing here reflects first-hand testing of the product.
Our position is cautiously positive. Mintos is a credible low-cost entry point for ETF investors in the EU, EEA, and Switzerland. We are holding it outside our ranked list of dedicated ETF brokers until the product and its documentation mature.
Key factsMintos ETFs at a glance
The card below covers the specifications most readers check first: catalogue size, minimum order, what Mintos charges, where orders execute, and the licence behind the account.
What Mintos launched
Self-selected ETFs went live on 21 July 2026. Mintos advertises more than 1,000 funds in the catalogue and states that every one of them is UCITS compliant.
The minimum order is €1, and fractional investing is supported. An order does not have to match the price of a whole unit, so an investor contributing a few hundred euros a month can spread that money across several funds without leaving a remainder sitting in cash because one unit costs more than the amount available.
The provider list spans the large index houses and a number of specialists: Amundi, American Century, AXA IM, Deka, Fidelity, First Trust, Franklin Templeton, Global X, HANetf, HSBC, Invesco, iShares, J.P. Morgan, Legal & General, Ossiam, PIMCO, Schroders, State Street, UBS, VanEck, Vanguard, WisdomTree, and Xtrackers.
Self-selected ETFs and Mintos Core ETFs can be held in the same account, so an investor running both does not need a second registration.
Readers who are still working out which funds belong in a portfolio can start with our European ETF investing guide, which covers UCITS structures and fund selection.
Two productsSelf-selected ETFs versus Core ETFs
Mintos runs two ETF products, and the difference between them comes down to who makes the decisions.
With self-selected ETFs, the investor chooses the funds, the allocation across them, and the timing of every order. The minimum is €1.
Core ETFs is an automated portfolio service. The investor sets a risk level and an investment horizon, and Mintos builds and maintains the portfolio from there, rebalancing and reinvesting automatically. The minimum is €50.
The practical difference at launch concerns recurring contributions. Investment plan, the Mintos feature for automated regular investing, is available for Core ETFs. For self-selected ETFs, Mintos describes it as coming soon. One card on the Mintos product page mentions automated regular investing in the context of manual ETF investing, while a later section of the same page and the launch Help Center article both give the coming-soon status. We treat the explicit coming-soon statement as the current position.
For an investor whose plan depends on a fixed monthly transfer landing in the same funds without manual intervention, that gap carries more weight than the fee schedule.
Both products can be held in the same Mintos account.
CostsMintos ETF fees
Mintos charges no buy fee and no sell fee on ETF orders. It also states that ETF holders pay no custody charge, no holding charge, and no inactivity charge.
That covers what Mintos takes. The full cost of owning an ETF runs wider.
Every ETF carries its own total expense ratio, deducted inside the fund and reflected in the unit price rather than billed to the account. Mintos says the TERs across its available ETFs are typically below 0.25% per year. Over a long holding period the TER usually outweighs anything a broker collects at the point of trade, which is why fund selection deserves at least as much attention as the commission line. Our ETF fee calculator shows what a difference of a few basis points does to a portfolio across ten or twenty years.
Two further costs sit outside the published schedule. The first is the spread between bid and ask at the moment of execution. The second is price movement between the approximate price Mintos displays before confirmation and the price the market order actually fills at. Neither appears as a charge on a statement, and both are real.
Currency handling is an open question. Mintos has not published ETF-specific detail on when a conversion applies to the self-selected product, so we are not in a position to say that every order settles without one. An investor planning a large purchase in a fund with a non-euro trading line should confirm the treatment with Mintos first.
OrdersHow Mintos executes ETF orders
Mintos currently supports market orders only. There is no limit order, so an investor cannot set a maximum purchase price or a minimum sale price and wait for the market to reach it. The price shown before confirmation is approximate, and the fill happens at whatever the venue offers when the order arrives.
ETF orders execute through Tradegate Exchange. The Mintos Order Execution Policy names Upvest Securities GmbH as the third-party broker that routes those orders to Tradegate. Upvest is the disclosed execution broker in that arrangement.
Orders placed while the exchange is closed are queued and executed once it opens. Because market orders fill at the prevailing price, an order queued overnight can execute at a level noticeably different from the one displayed when it was placed.
Once Mintos accepts an ETF order for execution, the investor generally cannot cancel or amend it.
Settlement can take up to three business days. On the sell side, proceeds can take up to three business days to arrive as available cash. An investor who needs a position converted into spendable money by a specific date should work backwards from that window.
Ownership and safety
Mintos says the investor directly owns the ETF units credited to the account. That ownership covers the units themselves. The individual securities inside the fund are held by the fund, not by the investor.
According to Mintos, ETF units are held in the investor's name in a segregated custody account and kept separate from Mintos's own assets. On that basis, Mintos says the units should remain recoverable from the custodian if Mintos becomes insolvent. Mintos does not name that custodian in the public ETF documentation we reviewed.
The contracting investment firm is AS Mintos Marketplace, registration number 40103903643, with a legal address at Skanstes iela 50, Riga, LV-1013, Latvia. Latvijas Banka licenses and supervises the firm.
Mintos participates in Latvia's investor compensation scheme. The scheme covers outstanding liabilities up to €20,000 where Mintos cannot return eligible financial instruments or cash. Its scope is narrow and worth stating plainly. It responds to a failure to return assets. It does not cover market losses, a fall in the value of an ETF, weak fund performance, or losses caused by illiquidity. An investor whose fund drops 30% has no claim on the scheme.
What Mintos has not documented yet
Three gaps in the public documentation are worth flagging, and we are not going to fill them with assumptions.
Mintos does not name the custodian that holds ETF units on the public ETF pages.
Mintos has not published a practical process for transferring ETF positions in or out, so a reader who expects to move holdings to another provider later has nothing to plan against.
Mintos has not published ETF-specific detail on how currency conversion is handled.
None of these is evidence of a problem. They are unanswered questions at launch, and they are part of why we are treating Mintos as an unranked entrant.
EligibilityWho can use Mintos
Registration is open to EU, EEA, and Swiss citizens and residents aged 18 or over. Mintos considers applications from citizens of other countries on a case-by-case basis.
Two exclusions are firm. US nationals and US residents cannot register or invest. UK residents and people who pay taxes in the UK cannot register or invest either. A UK national resident in an EU or EEA country or in Switzerland may qualify with proof of residence.
Mintos has not published a separate country list for the self-selected ETF product, so the general eligibility rules are the reference point until it does.
ReportingTax reporting
Mintos provides an annual tax report in English. Its current guide places ETF portfolio figures in Annex 2, and gains on ETF investments may be taxable.
The limitation sits in the state of the documentation. Mintos last updated that guide before the self-selected ETF launch, so it describes a reporting setup that predates the product. We would stop short of calling the report ready to file in any particular country, and we cannot confirm that it supplies a complete transaction-level cost basis for self-selected ETF trades. An investor filing in a jurisdiction with demanding disclosure requirements should check what the report contains before building a process around it.
FitWho Mintos suits
Mintos fits an investor who wants a broad UCITS ETF catalogue at a low entry point, is comfortable placing orders manually, and values holding ETFs in the same account as other Mintos asset classes. The €1 minimum and fractional orders suit small and frequent contributions. With no Mintos buy or sell fee, the drag that per-order commissions put on small positions disappears.
Several other readers will do better with a dedicated broker. Anyone who relies on limit orders to control entry and exit prices will find market-order-only execution restrictive. Anyone who wants a self-selected recurring plan running today has to wait for it. Anyone who expects to move positions between providers should prefer a platform that documents the process in advance. Investors who want deeper order types, wider market access, and established transfer tooling can weigh Mintos against our Interactive Brokers review for EU investors.
- Broad UCITS catalogue. Mintos advertises more than 1,000 funds from established providers.
- Small starting amount. Fractional orders start at €1.
- No Mintos trading charge. Mintos applies no buy, sell, custody, holding, or inactivity fee to ETFs.
- Direct unit ownership. Mintos says ETF units belong directly to the investor and sit in segregated custody.
- Market orders only. There is no limit order and accepted orders generally cannot be cancelled or amended.
- No self-selected recurring plan yet. Mintos lists the Investment plan feature as coming soon.
- Custodian not named. The public ETF pages do not identify the firm holding ETF units.
- Transfer and FX gaps. Mintos has not published a practical ETF transfer process or ETF-specific currency-conversion detail.
Our verdict
Mintos has launched a competent, low-cost ETF product. The catalogue is broad, the entry point is small, and the ownership and protection framework is documented at the level a European retail investor should expect from a licensed investment firm.
We are keeping it out of our ranked list for now. The product is ten days old at the time of writing. Recurring plans for self-selected ETFs are pending, execution is limited to market orders, and the custodian and transfer questions remain open. Those details are what separate a promising launch from a broker we would put forward as the primary home for a long-term portfolio.
Readers weighing Mintos against established options can work through our comparison of the best ETF brokers in Europe.
FAQFrequently asked questions
Mintos charges no buy fee and no sell fee on ETF orders, and it states that ETF holders pay no custody, holding, or inactivity charge. Each ETF still carries its own total expense ratio, deducted inside the fund, and Mintos says these are typically below 0.25% per year. The spread and any price movement between the displayed price and the fill also affect what an order costs.
Mintos says the investor directly owns the ETF units credited to the account, and that those units are held in the investor's name in a segregated custody account, separate from Mintos's own assets. That ownership applies to the ETF units. The individual securities inside the fund are held by the fund itself.
AS Mintos Marketplace is licensed and supervised by Latvijas Banka and participates in Latvia's investor compensation scheme. The scheme covers outstanding liabilities up to €20,000 if Mintos cannot return eligible financial instruments or cash. It does not cover market losses, a fall in an ETF's value, poor fund performance, or losses caused by illiquidity.
Self-selected ETFs put the fund choice, the allocation, and the timing in the investor's hands, with a €1 minimum. Core ETFs is an automated portfolio built around a chosen risk level and investment horizon, with a €50 minimum, and it rebalances and reinvests automatically. Both can be held in the same Mintos account.
Not yet. Investment plan is available for Mintos Core ETFs. For self-selected ETFs, Mintos describes the feature as coming soon. Contributions to self-selected positions have to be placed manually until it arrives.
Yes. Eligible customers who register with code GO-MMB and complete qualifying investments by 31 October 2026 can earn up to €350. The €15 tier requires more than €1,500 invested, and the €350 tier requires more than €25,000. Loans, bonds, real estate, ETFs and crypto ETPs qualify; Smart Cash is excluded. Keep the funds invested without withdrawals for 90 days after the campaign ends. You must not have held a Mintos account in the 12 months before the campaign. The bonus cannot be combined with another promotion.
Featured partner: Capital at risk. Provider of the investment services is Lightyear Europe AS for the EU. Terms apply: lightyear.com/terms. Seek qualified advice if necessary. This is not investment advice.
