The Parqet alternative that can’t read your portfolio

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Two different approaches to portfolio tracking

Parqet is a German wealth tracker, operated by Parqet Fintech GmbH of Hamburg, that publicly markets broker autosync, fund look-through and a tax dashboard, with savings accounts, crypto, precious metals and real estate tracked beside the securities. It publishes an English version of its site.

Turbobulls takes a different path: investments, expenses and income tracked together, encrypted on your device so the server cannot read any of it. Beyond the portfolio it covers your wallet, bank accounts, salary and envelope budgets, and reports net worth across all of it.

Both handle multi-currency portfolios, benchmarking and performance analytics, and neither is a trading tool. Where they differ most is scope, privacy architecture and specialised tooling, and those are not independent of each other, which is the point of the next tab.

How each platform handles your data

TurbobullsThis is where the two differ most fundamentally. Turbobulls encrypts holdings, transactions and performance data on your device before they are sent, with AES-256-GCM under a key derived from your password using PBKDF2. The platform is designed so that not even Turbobulls can read your financial information.

ParqetParqet operates a hosted model, and its privacy policy is specific about what that means. It names Parqet Fintech GmbH as controller. It describes the portfolio database as anonymised, with no name, email or IBAN in it, and stored in Germany. Its help centre says portfolio, login and payment data are stored apart from each other, and that PDF statements are read on your device rather than uploaded. Your portfolio is not end-to-end encrypted: no Parqet page describes it held under a key only you have. Its own documentation is the authoritative source.

This is not a criticism so much as a description of a trade. Autosync cannot work against data the server cannot read: something has to log in, fetch the transactions and store them in a form the server can work with. In Parqet’s case, per its autosync post, the login runs on your own device for ING, comdirect and Consorsbank, and through its BaFin-licensed partner QPLIX for Trade Republic and Scalable Capital. Parqet never sees your credentials and keeps no permanent connection. What it stores is the transactions, which it describes as anonymised. Turbobulls has taken the side that gives you a server holding ciphertext, and pays for it in file import. Both are EU companies and GDPR applies to both; the difference is not jurisdiction but whether the server can read your data at all. See exactly how the encryption works, including what we can still see.

Dividend tracking

Both track dividends, and both put the deeper parts behind a paid plan. Parqet markets a dividend dashboard and a dividend forecast that projects future income from current holdings, listed among the full analysis features on its paid tiers.

Turbobulls imports dividends for supported instruments and shows income by month with a calendar, including what has been declared but not yet paid, which is kept out of your totals until it lands. It records withholding tax per payment, so the income figure is net rather than gross, and splits are applied retroactively. The full calendar and the yields, yield on cost and current yield, are on a paid plan that includes the investing side, which means Investing Pro or Turbo Pro; the free plan keeps the last three months. Dividends are also counted in the return breakdown rather than sitting in a view of their own.

Where Turbobulls differs is context: dividend income sits alongside salary, side income and personal expenses, so you can see whether passive income is growing relative to what you actually spend. Turbobulls has no equivalent of Parqet’s forecast.

Expenses, budgeting and net worth

Turbobulls tracks spending with categories and tags, cash accounts, debt, salary and savings rate alongside the portfolio, and reports net worth across all of it, with a financial independence projection on top. Budgeting is envelope-based: each month you assign the money you actually have to categories and watch what is left, unspent money rolls over, and overspending comes out of next month’s pool, so the budget stays tied to real cash.

Parqet positions itself as a wealth tracker. Its pricing page describes securities, savings accounts, fixed deposits, crypto, precious metals, real estate and other assets in one overview, settlement accounts showing the cash at each broker, and a capital-flow view of your savings rate. Personal expense tracking, income categories and budgeting are not described on its pricing page or homepage as of September 2026. The pricing page does list connections to third-party apps and services, capped per tier; what those cover is outside what we checked. If you want day-to-day spending alongside your portfolio, plan on a second app next to it.

For anyone who wants only the investing side, that breadth is capability they will not use, and it is worth knowing before signing up. Investing Pro exists for that reader: it covers the investing side in full and leaves the spending side exactly at free-plan depth rather than charging for it. On the free plan budgeting is read-only, and the caps include one workspace, three accounts, ten holdings, two brokers, 50 portfolio transactions, 120 wallet transactions and one benchmark.

Analytics, and the one Parqet has that we do not

Parqet markets X-Ray, which looks through an ETF to the holdings inside it, along with a tax dashboard covering tax paid on sales, dividends and withholding, and performance comparison against benchmarks such as the FTSE All World and the S&P 500. Those sit among the full analysis features on its paid tiers.

X-Ray is the one worth calling out, because Turbobulls has no equivalent. Turbobulls breaks a portfolio down by country and region, but it places a holding by the instrument, so a world tracker domiciled in Ireland reads as Ireland rather than as the countries it actually holds. Look-through is on the public roadmap and is not built. If that is the feature you are choosing on, Parqet offers it now and we do not.

What Turbobulls puts on a paid plan instead is return attribution: the Sharpe ratio, maximum drawdown, return volatility, and the split between capital gain and currency gain. The last matters mostly to people holding across currencies, which is the case Turbobulls was built around. Benchmarking runs against any ETF, stock or basket you add, one on free and no limit once you pay. Return on investment and money-weighted return are on every plan. Four of the twelve advanced metrics stay visible on the free plan, among them time-weighted return and growth rate; the other eight are paid. Allocation by asset type, broker, currency and tag is on every plan; sector, industry, country and region form one paid group.

Getting your data in

This is the clearest practical trade between the two. Parqet markets autosync with Trade Republic, Scalable Capital, ING, comdirect and Consorsbank on every tier, repeatable as often as you like, plus PDF and CSV import from 50+ brokers; the per-tier caps of 2, 5 and 20 apply to connections with third-party apps and services, not to autosync. Turbobulls has no autosync at all, and that follows from the encryption rather than being a feature that has not shipped.

Turbobulls ships CSV and XLSX adapters, among them generic CSV with manual mapping, Interactive Brokers activity statements, Trading 212, DEGIRO, Coinbase, Crypto.com, Delta, eToro, Saxo, Tastytrade, Trade Republic, Avanza, Montrose, XTB, TradeVille, Investimental, Revolut personal, ING Romania, Raiffeisen Romania and Salt Bank. You pick the broker and upload the file, and if the file does not match the adapter you picked, the app points you at the one it does match. The import preview flags duplicates before anything is written, and the commit is atomic: an import either lands in full or not at all. CSV and Excel export are available on every plan.

If your broker is one Parqet autosyncs and that is what you want, this page is not going to talk you out of it. Anyone moving the other way can bring a CSV of their activities, which Parqet offers to Plus and Investor subscribers per its export announcement, and map it through the generic CSV adapter, which also covers any broker without a dedicated adapter.