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DEGIRO vs Trade Republic: 2024 Comparison

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Franklin Silva
Co-Founder & Fintech Analyst
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Pedro Braz
Co-Founder, Forbes 30 under 30
Fact checked by: Pedro BrazUpdated on Oct 23, 2024

Are you confused about whether to choose DEGIRO or Trade Republic as a broker for your investing needs?

In this side-by-side comparison, we analyse DEGIRO and Trade Republic to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.

Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!

DEGIRO vs Trade Republic

  1. Trade Republic is our recommended choice for earning interest and creating savings plans with stocks/ETFs
  2. DEGIRO is best for low cost trading

Side-by-side comparison

Category Trade Republic DEGIRO
Demo account No No
Account minimum 0€ €/£1
Interest on uninvested cash (annually) EUR: 3.25% 0%
US stocks fees €/$/£0+ €1 settlement fee per trade €/£1+ €1 settlement fee per trade
EU stock fees €/$/£0+ €1 settlement fee per trade €/£3.90+ €1 settlement fee per trade
ETFs €/$/£0+ €1 settlement fee per trade ETF Core List: €/£0 (+€/£1 flat handling fee)Other ETFs: €/£2 (+€/£1 flat handling fee)
Currency conversion fee 0% 0.25%
Regulators BaFin AFM, DNB

About DEGIRO

DEGIRO is a European low-cost brokerage firm that has become very popular due to its low rates! With over 2.8 million users, the platform has become widely known for its “do-it-yourself” philosophy.

It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products.

The mobile app and web trading platform are basic but very efficient and straightforward to use. Some downsides are the absence of any significant fundamental research and the lack of pricing alerts.

DEGIRO dashboard

DEGIRO pros and cons

Pros

  • ETF Core Selection list (external fees apply)
  • User-friendly web and mobile app
  • Wide range of investment options
  • Education material: Investor’s Academy and Investing with DEGIRO
  • Low overall commission structure
  • No account opening, inactivity, or withdrawal fee

Cons

  • 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
  • €/£1 flat handling fee (charged in most transactions)
  • €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
  • Does not offer Forex, CFDs, and Cryptos
  • No ISA account (for UK residents)
  • Low-quality customer support
  • No interest paid on cash balances

About Trade Republic

Trade Republic is a discount broker based in Berlin, Germany. It focuses on four types of financial assets: stocks, ETFs, cryptocurrencies, and derivatives.

It uses the motto “From the people, for the people” to express its commitment to its customer by selling itself as a “no order fee” platform.

Nonetheless, a €1 external fee is applied in every single trade (Except saving plans), meaning that in practice, you will charge at least €2 (€1 for buying and another €1 for selling).

Trade Republic Portfolio

Trade Republic pros and cons

Pros

  • Automatic saving plans
  • Interest paid in idle cash balances
  • Invest from only €1
  • No minimum deposit
  • Direct debit in the share-saving plans
  • Supervised and regulated by a top-tier regulator

Cons

  • €1 flat external fee in every single trade (Except saving plans)
  • No demo account
  • Only one base currency (EUR)
  • No direct access to US Stock Exchanges - you might not be able to buy some popular US-listed companies, such as Reddit
  • Currency conversion fees apply

Trade Republic vs DEGIRO: our veredict

  1. DEGIRO
    Best for low cost trading and commission-free ETFs
  2. Trade Republic
    Best for beginners and creating savings plans with stocks/ETFs

Choosing between these two online brokers isn’t always an obvious decision. The differences between DEGIRO and Trade Republic come from the trading platforms, products, fees, and security. Do you prefer a basic trading platform? Do you want to invest in ETFs only? Do you value security more?

Ultimately, the best online broker for you will depend on your profile, personal preferences, and objectives. Explore the websites above and decide for yourself!

Want to know more about DEGIRO and Trade Republic? Explore our in-depth broker reviews, comparison table, and BrokerMatch tool.

Disclaimer: Investing involves risk of loss.

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About the author
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Franklin Silva
Co-Founder & Fintech Analyst

Franklin has three years of experience in Wealth Management as a Fund Research Analyst, has passed the CFA level II, and is the host of the "Edge Over Hedge" YouTube channel.

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