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Scalable Capital vs Trade Republic: 2024 Comparison

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Fact checked by
Pedro Braz
Jun 11, 2024

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

In this side-by-side comparison, we analyse Scalable Capital 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!

Scalable Capital vs Trade Republic

  1. Scalable Capital is our recommended choice overall
  2. Trade Republic is best for beginners and creating savings plans with stocks/ETFs

Side-by-side comparison

Category Scalable Capital Trade Republic
Demo account No No
Account minimum €1 €0
Interest on uninvested cash (annually) EUR: 2.60% EUR: 3.75%
US stocks fees Not applicable €/$/£0+ €1 settlement fee per trade
EU stock fees Up to €3.99 €/$/£0+ €1 settlement fee per trade
ETFs Up to €3.99 €/$/£0+ €1 settlement fee per trade
Currency conversion fee 0% 0%
Regulators BaFin BaFin

About Scalable Capital

Scalable Capital is an online broker (“Do-it-yourself” service) and Europe’s largest Robo-Advisor.

They help investors invest in stocks, ETFs and cryptocurrencies by themselves and also help investors get a personalized, globally diversified, and fully managed portfolio.

It is regulated by the BaFin, the Federal Financial Supervisory Authority in Germany. It is supervised by both BaFin and the Deutsche Bundesbank.

Scalable Capital homepage

Scalable Capital pros and cons


  • Stocks and ETFs commission-free (in PRIME Broker)
  • €1 minimum deposit
  • Interest on idle cash
  • No custody fee
  • Regulated by Bafin


  • No access to US stock exchanges
  • No fractional shares
  • Limited crypto available
  • €3.99 per trade on Xetra

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


  • 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


  • €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 Scalable Capital: our veredict

  1. Trade Republic
    Best for interest and creating saving plans with stocks/ETFs
  2. Scalable Capital
    Best for robo-advisors and commission-free savings plans

Choosing between these two online brokers isn’t always an obvious decision. The differences between Scalable Capital 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 Scalable Capital 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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