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Revolut Trading vs Trade Republic: 2024 Comparison

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Fact checked by
Pedro Braz
Updated
Jun 11, 2024

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

In this side-by-side comparison, we analyse Revolut Trading 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!

Revolut Trading vs Trade Republic

  1. Revolut Trading is best for beginner investors looking for quick exposure to US stocks
  2. Trade Republic is best for interest and creating savings plans with stocks/ETFs

Side-by-side comparison

Category Revolut Trading Trade Republic
Demo account No No
Account minimum $0 €0
Interest on uninvested cash (annually) Revolut US: Up to 4.25% in USD; Revolut International: 0% EUR: 3.75%
US stocks fees One free trade per monthAfterwards, it varies according to your country of residency. €/$/£0+ €1 settlement fee per trade
EU stock fees One free trade per monthAfterwards, it varies according to your country of residency. €/$/£0+ €1 settlement fee per trade
ETFs One free trade per monthAfterwards, it varies according to your country of residency. €/$/£0+ €1 settlement fee per trade
Currency conversion fee 0% up to €/£1,000 per month; 0.40% above the €/£1,000 of free allowance 0%
Regulators SEC, FCA (as an AR), Bank of Lithuania BaFin

About Revolut Trading

Revolut was created to disrupt the banking industry by reducing and removing fees associated with the traditional banking system.

It also offers other financial services, namely the possibility of buying US stocks, cryptocurrencies, and precious metals (Gold and Silver).

The quick access to investment products, combined with low commissions, remains the most engaging differential that enables Revolut to stand out from its competitors.

Revolut web app

Revolut Trading pros and cons

Pros

  • Low commissions on US stock trading
  • No monthly inactivity fee
  • The broadest product and markets range in the brokerage industry
  • Demo account
  • Excellent reputation (founded in 1978)
  • Extensive research and Education tools
  • Has a modern mobile trading app to trade Stocks, Options and ETFs, ideal for novice investors, IBKR GlobalTrader.
  • Offers interest on uninvested cash balances

Cons

  • Complicated and lengthy account opening process (but fully online)
  • Steeper learning curve for beginners
  • Website is difficult to navigate
  • Interactive Advisors (Robo-advisor feature) is only available for US customers

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 Revolut Trading: our veredict

  1. Revolut Trading
    Best for beginner investors looking for quick exposure to US stocks
  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 Revolut Trading vs Trade Republic come from the trading platforms, products, fees, and security. Do you prefer a primary 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 Revolut Trading vs Trade Republic? Explore our in-depth broker reviews, comparison table, and BrokerMatch tool.

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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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