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Trading 212 vs Trade Republic: 2024 comparison

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Fact checked by
Pedro Braz
Jun 11, 2024

Are you confused about whether to choose Trading 212 vs Trade Republic as a broker for your investing needs?

In this side-by-side comparison, we analyse Trading 212 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!

Trading 212 vs Trade Republic

  1. Trading 212 is best for commission-free stock and ETF trading
  2. Trade Republic is best for beginners and creating savings plans with stocks/ETFs

Side-by-side comparison

Category Trading 212 Trade Republic
Demo account Yes No
Account minimum €/£10 €0
Interest on uninvested cash (annually) EUR: 4.20%; USD: 5.10%; GBP: 5.00% EUR: 3.75%
US stocks fees €/£0 €/$/£0+ €1 settlement fee per trade
EU stock fees €/£0 €/$/£0+ €1 settlement fee per trade
ETFs €/£0 €/$/£0+ €1 settlement fee per trade
Currency conversion fee 0.15% (0.50% in CFDs) 0%
Regulators FCA, CySEC and FSC BaFin

About Trading 212

Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple web and mobile application.

The company aims to do this by allowing its more than 15 million users to invest in over 10,000 stocks and ETFs, Forex, commodities, CFDs, and cryptocurrencies.

You will find commission-free stocks and ETFs trading, fractional shares, and even an automatic investment system. New users get one free share worth up to €100 (promo code IITW). On the downside, it shows limitations regarding available products.

Trading 212 free share promo

Trading 212 pros and cons


  • Commission-free Real Stocks and ETFs trading (other fees may apply. See terms and fees)
  • AutoInvest & Pies feature
  • Fast and easy account opening process
  • Demo account
  • Top Tier Regulators
  • One free share worth up to €100 using the promo code "IITW"
  • High interest on uninvested cash


  • Limited product portfolio (no Options, Bonds, Mutual Funds or Futures)
  • No relevant Fundamental tools
  • Spreads on Forex CFDs may be high in certain trading hours
  • Foreign exchange fees (0.15% and 0.50% in “Invest” and “CFDs” accounts, respectively)

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 Trading 212: our veredict

  1. Trading 212
    Best for commission-free stock and ETF 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 Trading 212 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 Trading 212 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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