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XTB 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 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

  1. XTB is best for commission-free ETFs and CFDs
  2. Trade Republic is best for beginners and creating savings plans with stocks/ETFs

Side-by-side comparison

Category XTB Trade Republic
Demo account Yes No
Account minimum €/$/£1 €0
Interest on uninvested cash (annually) EUR: 3.80% first 90 days, then 2.00% (quoted annually); USD: Up to 5% EUR: 3.75%
US stocks fees €/$/£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 dashboard

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 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

XTB vs IBKR: our veredict

  1. XTB
    Best for commission-free ETFs and CFDs 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 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.

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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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