Broker NARANJA is ING Spain’s securities account for shares and ETFs. Its headline price is activity-based: dealing often enough can lower the next quarter’s brokerage and currency markup, while even one qualifying quarterly trade can remove custody charges. These are different tests, so an occasional investor should compare the full holding cost rather than the lowest displayed commission.[1][2]
Accounts and eligibility
Sections ↑Account structure
| Item | Details |
|---|---|
| Provider | ING Bank N.V., Sucursal en España.Source 1Source 2 |
| Bank relationship | An ING customer relationship and associated eligible bank account are required.Source 1Source 2 |
| Access | Broker NARANJA through ING’s web and app environment.Source 1Source 2 |
| Opening tariff | New accounts start on Base pricing.Source 1Source 2 |
Shares, ETFs and market scope
Sections ↑The service covers domestic and international listed shares and ETFs. The ordinary tariff covers the named Spanish, euro-area, Swedish, US and UK markets; the separate off-list-market tariff should not be mistaken for the standard online price. Availability of a security must be checked in the broker.[1][2]
Brokerage, currency and holding costs
Sections ↑Ordinary dealing tiers
| Item | Base | Reduced |
|---|---|---|
| Prior calendar-quarter activity | Fewer than 15 qualifying trades | At least 15 qualifying tradesSource 1Source 2 |
| Euro-market commission | €3 + 0.10% | €1.50 + 0.05%Source 1Source 2 |
| US-market commission | $3 + 0.10% | $1.50 + 0.05%Source 1Source 2 |
| UK-market commission | £3 + 0.10% | £1.50 + 0.05%Source 1Source 2 |
| Currency markup | 0.50% | 0.25%Source 1Source 2 |
The tariff caps bank brokerage at €20, $20 or £20 for orders below €50,000, $50,000 or £50,000 respectively; it also specifies the Swedish-krona equivalent. The cap excludes taxes and external costs. The PDF says “below” the threshold, so the exact-boundary order should be checked rather than assumed to qualify.[2]
How activity is counted
| Test | Rule |
|---|---|
| Reduced pricing | Executed share/ETF purchases and sales in the same securities account count; rights and similar corporate operations do not.Source 1Source 2 |
| Quarter reset | Pricing is reviewed on 1 January, 1 April, 1 July and 1 October using the preceding calendar quarter.Source 1Source 2 |
| Custody waiver | One qualifying share/ETF trade during the current calendar quarter; transfers, dividends and rights do not satisfy it.Source 1Source 2 |
Custody, transfers and optional data
| Item | Published charge |
|---|---|
| Custody without the waiver | €4 plus VAT per class of holding per quarter; the product page displays €4.84 including VAT.Source 1Source 2 |
| Outgoing securities | 0.20%, capped at €6 plus VAT per class.Source 1Source 2 |
| Ordinary dividend/corporate-action administration | The tariff lists €0 for the named standard actions; external depositary costs can still apply.Source 1Source 2 |
| Tiempo Real Plus subscription | €12.75 plus VAT per quarter; waived at six qualifying trades, with proportional rules for shorter subscriptions.Source 1Source 2 |
Illustrative €10,000 order
The examples isolate commission and conversion markup; they are not an all-in execution quote. The PDF explains that the entry screen’s exchange rate is provisional and that the final conversion uses the next business day’s market rate with the applicable markup. Venue charges, taxes and ADR/depositary fees can add to the result.[2][4]
Order controls and tools
Sections ↑Supported order instructions
| Control | Practical consequence |
|---|---|
| Market / limit / best-price orders | Different price and execution conditions; a limit can remain unfilled.Source 3 |
| Stop-loss and trailing sell stop | A trigger does not guarantee the eventual execution price. The described trailing stop is restricted to the Spanish continuous market.Source 3 |
| Two stops on one holding | Profit-taking and loss-limiting stops are independent; cancel the remaining order when the other executes.Source 3 |
ING’s product description includes interactive charts and portfolio monitoring. Optional enhanced real-time data has its own activity threshold and subscription charge, so the ordinary platform being available without a separate charge does not make every market-data service free.[1][2]
Cash and securities transfers
Sections ↑Keep brokerage cash, invested securities and unsettled sale proceeds separate when planning a withdrawal. The published transfer tariff concerns moving securities to another institution; it is not a promise of instant cash availability after a sale. Foreign investments also create exchange-rate exposure independently of ING’s conversion markup.[2]
Entity and public registration
Sections ↑Operating entity
| Item | Details |
|---|---|
| Legal entity | ING Bank N.V., Sucursal en España.Source 5 |
| Bank register | Banco de España’s 28 October 2026 monetary-financial-institution list identifies the Spanish branch under code 1465.Source 5 |
| Scope | The entry establishes the branch’s identity; it does not insure a security against market losses.Source 5 |
- Headquarters
- Spain
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
ING Bank N.V., Sucursal en España
No separate licence entry is recorded in this panel.
Assessment
Sections ↑ING is easier to compare when three separate thresholds are modelled: 15 trades for the next quarter’s lower dealing tariff, one for the current quarter’s custody waiver, and six for the optional data subscription. Making extra trades solely to obtain a lower tariff can cost more than the saving. For an inactive portfolio, estimate custody across the number of different holdings as well as the eventual sale and transfer costs.
Sources & further reading
- ING Broker NARANJA: product, account requirements and pricing ING · Accessed 29 Oct 2026
- Broker NARANJA applicable tariff, document code 12/25 ING Bank N.V., Sucursal en España · Accessed 29 Oct 2026
- ING: shares and supported order controls ING · Accessed 29 Oct 2026
- ING: additional market costs ING · Accessed 29 Oct 2026
- Banco de España: monetary financial institution list, 28 October 2026 Banco de España · Accessed 29 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.