Are you confused about whether to choose XTB vs Trade Republic as a broker for your investing needs?
In this side-by-side comparison, we analyse XTB 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!
XTB vs Trade Republic
- XTB is best for commission-free ETFs and CFDs
- Trade Republic is best for beginners, earning interest, and creating savings plans with stocks/ETFs
Side-by-side comparison
| Category | XTB | Trade Republic |
| Demo account | Yes | No |
| Account minimum | €/$/£1 | €0 |
| Interest on uninvested cash (annually) | EUR: 1.25%; USD: 2% | EUR: 2.25% |
| US stocks fees | €/$/£0Up to €100.000 in monthly volume transactions – Only applicable in some countries. | €0+ €1 settlement fee per trade |
| EU stock fees | €/$/£0Up to €100.000 in monthly volume transactions – Only applicable in some countries. | €0+ €1 settlement fee per trade |
| ETFs | €/$/£0Up to €100.000 in monthly volume transactions – Only applicable in some countries. | €0+ €1 settlement fee per trade |
| Currency conversion fee | 0.50% | 0% |
| Regulators | FCA, KNF, CySEC, DFSA and FSC | BaFin |
About XTB
XTB is a well-known online broker listed on the Warsaw Stock Exchange. It has two trading platforms (xStation 5 and xStation Mobile), a diverse range of tradeable instruments, and exceptional customer service.
xStation Mobile is a premier application for charts and technical analysis, with the ability to apply numerous indicators like moving averages and volume. Navigation is simple, with an intuitive order placing for any asset class.
On the negative side, XTB has a limited product portfolio and charges a €10 monthly inactivity fee (after 1+ year with no activity plus no deposit in the last 90 days).
XTB pros and cons
Pros
- Free stocks trading (only applicable to some countries)
- Customizable trading platform (charts and workspace)
- Low Forex Spreads
- Demo account
- No minimum account deposit
- Valuable education materials
- Top-tier Regulators
Cons
- Complex trading platform for a beginner
- High Stock CFD spreads
- Limited product portfolio
- Withdrawal fees for transfers below $100
- Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
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 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
- Has a banking license - deposits are protected by deposit guarantee scheme
Cons
- €1 flat external fee in every single trade (Except saving plans)
- No demo account
- Only one base currency (EUR)
- No direct access to US Stock Exchanges - you might not be able to buy some popular US-listed companies, such as Reddit
- Currency conversion fees apply
- Engages in PFOF - Payment for Order Flow
How to invest in the S&P 500 on XTB and Trade Republic (videos)
If you’re still unsure about which platform to choose, check our videos where we explain step-by-step how to invest in the S&P 500 on XTB and on Trade Republic:
XTB vs Trade Republic: our veredict
XTB
Best for commission-free ETFs and CFDs tradingTrade 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 XTB 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 XTB vs Trade Republic? Explore our in-depth broker reviews, comparison table, and BrokerMatch tool.
