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Articles / Nextmarkets vs Trade Republic: 2023 Comparison

Nextmarkets vs Trade Republic: 2023 Comparison

Franklin Carneiro da Silva| Updated: February 27, 2023

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

In this side-by-side comparison, we analyse Nextmarkets 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!

Nextmarkets vs Trade Republic: 2023 Comparison 1
Visit NextmarketsAsset 3

56.65% of retail CFD account lose money.

Ideal for
Curated investing

Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app.

You can invest in financial products such as shares, ETFs, CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.

With “curated investing”, Nextmarkets wants to allow you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.

Trade Republic Logo
Visit Trade RepublicAsset 3

Investing involves risk of loss.

Ideal for
Creating saving plans with stocks/ETFs

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).

Pros and Cons

Pros

  • Zero commission trading for all asset classes (orders above €250)
  • No custody, inactivity and deposit/withdrawal fee
  • Fast account opening process (less than 5 min)
  • No minimum deposit
  • No currency conversion fee
  • Good customer support
  • Demo Account

Cons

  • €1 commission per order below €250
  • The web platform is a little “buggy”
  • No clear distinction between real shares and CFDs
  • Spreads are above average
  • No fundamental data
  • No educational materials
  • The minimum withdrawal is €150

Pros

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

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
Nextmarkets vs Trade Republic: 2023 Comparison 2
Trade Republic Logo
  •  
  • General Information
  • Founded in
  • Demo Account
  • Account Minimum
  • Interest on unninvested cash (annually)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Cryptocurrencies
  • Custody Fee
  • Inactivity Fee
  • Withdrawal Fee
  • Connectivity Fee
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per institution)
  • NextmarketsAsset 3

    56.65% of retail CFD account lose money.

  • General Information
  • Founded in2014
  • Demo Account
  • Account Minimum€1
  • Interest on unninvested cash (annually)EUR: Up to 2.30%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Stocks, ETFs, Indices, Bonds, Cryptocurrencies, and Commodities.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks€0**€1 for orders below €250.
  • EU stocks€0**€1 for orders below €250.
  • ETFs€0**€1 for orders below €250.
  • CryptocurrenciesNot Applicable**$20 spread on Crypto CFDs.
  • Custody Fee€0
  • Inactivity Fee€0
  • Withdrawal Fee€0
  • Connectivity Fee€0
  • Currency Conversion Fee0%
  • Security
  • RegulatorsMSFA
  • Investor Compensation Scheme(per person, per institution)Up to €20.000 **From non-returned assets up to 90%.
  • Trade RepublicAsset 3

    Investing involves risk of loss.

  • General Information
  • Founded in2015
  • Demo Account
  • Account Minimum€/$/£0
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks€/$/£0**+ €1 settlement fee per trade
  • EU stocks€/$/£0**+ €1 settlement fee per trade
  • ETFs€/$/£0**+ €1 settlement fee per trade
  • Cryptocurrencies€/$/£0**+ €1 settlement fee per trade
  • Custody Fee-
  • Inactivity Fee€0
  • Withdrawal Fee€0
  • Connectivity Fee€0
  • Currency Conversion Fee0%
  • Security
  • RegulatorsBaFin
  • Investor Compensation Scheme(per person, per institution)

    Securities: up to €20,000 (from non-returned assets up to 90%)

    Cash balance: up to €100,000

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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