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eToro vs Trade Republic: 2024 Comparison

Updated on Jun 11, 2024
Fact checked

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

In this side-by-side comparison, we analyse eToro vs 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!

eToro vs Trade Republic

  1. eToro is best for social trading and commission-free stock trading
  2. Trade Republic is best for beginners and creating savings plans with stocks/ETFs

Side-by-side comparison

Category eToro Trade Republic
Demo account Yes No
Account minimum $50 (varies between countries) €0
Interest on uninvested cash (annually) Up to 5.3% in USD EUR: 3.75%
US stocks fees $0 €/$/£0+ €1 settlement fee per trade
EU stock fees $0 €/$/£0+ €1 settlement fee per trade
ETFs $0Not all ETFs are offered with 0% commissions. €/$/£0+ €1 settlement fee per trade
Currency conversion fee Starts from 0.50% 0%
Regulators FCA, CySEC and ASIC BaFin

About eToro

eToro is a well-known worldwide fintech startup and the leader in the social trading field (following other people’s trades), with over 30 million users worldwide.

You can also invest in other products through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, eToro offers commission-free stock trading (other fees apply).

Opening an account and depositing is easy, and you can even try it out with virtual money (a demo account). On the downside, spreads can be high for some products.

eToro's dashboard

eToro pros and cons

Pros

  • Commission-free stock and ETF trading (other fees apply)
  • Social Trading and other innovative products
  • Wide variety of financial products
  • Slick, modern, and easy for anyone to use
  • Top tier regulators

Cons

  • Limited disclosed financial information
  • Withdraw and inactivity fees
  • Spread, overnight, inactivity, and currency conversion fees higher than average
  • Only one currency account (USD) - a currency conversion fee is applied if you deposit in a different currency
  • Doesn’t offer bonds, futures, or options

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 access to US Stock Exchanges
  • Currency conversion fees apply

Trade Republic vs eToro: our veredict

  1. eToro
    Best for social trading and commission-free stock trading
  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 eToro vs 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 eToro vs Trade Republic? Explore our in-depth broker reviews, comparison table, and BrokerMatch tool.

Disclaimer

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

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About the author
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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