DEGIRO
★★★★★4.0/5
Strengths
- 50+ Global Exchanges
- Low Fees
- Options & Futures
- Access to Asian Markets
Weaknesses
- No Savings Plan
- No Crypto
Best for
International Stocks
Go to DEGIRO →* Affiliate link · no extra cost for you
Broker Comparison 2026
DEGIRO vs. Trade Republic
Detailed comparison of all fees, features, and suitability — updated for 2026.
DEGIRO
vs
Trade Republic
Our Recommendation
DEGIRO is the better choice for International Stocks, while Trade Republic wins for Beginners. Which one suits you depends on your strategy — the detailed comparison below shows every difference.
Numeric Comparison
| Metric | DEGIRO | Trade Republic | Difference |
|---|---|---|---|
| Order fee per trade | 2.00 € | 1.00 € | 1.00 € cheaper at Trade Republic |
| 10y savings plan cost @ €100/month | 240 € | 0 € | 240 € cheaper at Trade Republic |
| Interest on €10,000 cash (1 year) | — | 3.25 % = 325 € | +325 € more at Trade Republic / year |
| Free ETF savings plans | 0 | 2.200 | +2.200 more at Trade Republic |
| Available exchanges | 8 | 1 | +7 more at DEGIRO |
| BMInsider rating | 4.0/5 | 4.3/5 | +0.3 at Trade Republic |
Bottom line: on €10,000 cash Trade Republic earns about 3.250 € more interest over 10 years.
Trade Republic
★★★★★4.3/5
Strengths
- 1€ per Trade
- Free Savings Plans
- 3.25% Interest on Cash
- Easy-to-Use App
- Crypto Available
Weaknesses
- Only 1 Exchange (LS Exchange)
- No Options/Futures
Best for
Beginners
Go to Trade Republic →* Affiliate link · no extra cost for you
Detailed Comparison
All fees, products, and platform features compared side-by-side. The "Winner" column shows which broker leads in each category.
| Feature | DEGIRO | Trade Republic | Winner |
|---|---|---|---|
| Fees & Costs | |||
| Order Fee | 2€ + 0.03% (Europa) / 2€ + 0.05% (USA) | 1€ per Order | Trade Republic |
| ETF Savings Plan Fee | - | 0€ | Trade Republic |
| Account Fee | 0€/Year + 2.50€ Connectivity fee/Exchange/Year | 0€/Year | Trade Republic |
| Minimum Deposit | 0€ | 0€ | Tie |
| Interest on Cash | 0% | 3.25% | Trade Republic |
| Product Range | |||
| Stocks | Tie | ||
| ETFs | Tie | ||
| Crypto | Trade Republic | ||
| Options | DEGIRO | ||
| CFDs | Tie | ||
| Fractional Shares | Trade Republic | ||
| Number of Exchanges | Xetra, Euronext, NYSE | LS Exchange | DEGIRO |
| Platform & Tools | |||
| Mobile App | Tie | ||
| Desktop Platform | Tie | ||
| Demo Account | Tie | ||
| Security & Regulation | |||
| Regulated by | AFM / BaFin | BaFin | Tie |
| Deposit Protection | 100.000€ | 100.000€ | Tie |
| Founded | 2013 | 2015 | Tie |
| Overall Rating | |||
| Rating | ★★★★★ | ★★★★★ | Trade Republic |
Which Broker for Whom?
Depending on your strategy and experience, one broker fits better. Here's how to decide:
For Beginners
Trade Republic
Low barriers, simple app, demo account and no hidden costs — perfect to get started.
More about Trade Republic →For Active Traders
DEGIRO
Low per-order fees, many trading venues and derivatives access — important if you trade regularly.
More about DEGIRO →For Long-Term Investors
Trade Republic
Free savings plans, interest on cash and no custody fee — what matters when you buy & hold.
More about Trade Republic →Detailed Assessment
Who is DEGIRO?
DEGIRO offers access to 50+ exchanges worldwide at low fees. Ideal for internationally diversified portfolios.
Strengths in Detail
- 50+ Global Exchanges
- Low Fees
- Options & Futures
- Access to Asian Markets
Weaknesses
- No Savings Plan
- No Crypto
- No Interest on Cash
- Not Tax-Simple for Austria
Who is DEGIRO worth it for?
Particularly suitable for: International Stocks, Active Traders, Advanced Investors.
Who is Trade Republic?
Trade Republic is a German neo-broker with extremely low fees (€1 per trade) and free ETF savings plans. Ideal for beginners and savings plan investors.
Strengths in Detail
- 1€ per Trade
- Free Savings Plans
- 3.25% Interest on Cash
- Easy-to-Use App
- Crypto Available
Weaknesses
- Only 1 Exchange (LS Exchange)
- No Options/Futures
- Limited Order Types
- No Desktop Client
Who is Trade Republic worth it for?
Particularly suitable for: Beginners, Savings Plan Investors, Mobile-First.
DEGIRO vs Trade Republic — pan-European discount broker vs DACH neo-broker
DEGIRO, founded 2013 in the Netherlands and now part of flatexDEGIRO, is the pan-European discount broker — 50+ exchanges including Tokyo, Hong Kong, Sydney and most European venues, plus options and futures. Trade Republic, founded 2015 in Berlin, is the DACH-focused neo-broker — €1 flat orders, 3.25 % cash interest, mobile-only, single venue (LS Exchange).
The key DEGIRO selling point is international market breadth — Trade Republic does not match it. The key Trade Republic selling point is cost on small orders + cash interest + steuereinfach — DEGIRO does not match that. So the comparison is rarely about price; it is about whether you actually need access beyond Western European/US large caps.
When DEGIRO is the better pick
You trade non-Western markets. DEGIRO routes to Tokyo Stock Exchange (TSE), Hong Kong (HKEX), Australian (ASX), Toronto (TSX), Singapore (SGX), and most Eastern European exchanges. Trade Republic only has LS Exchange, which carries primarily US ADRs and major European stocks. For Asian investing, DEGIRO is one of the only retail-accessible options for German residents.
You trade options or futures. DEGIRO offers Eurex options on DAX/Bund and US options via the IBKR-style infrastructure (DEGIRO is built on top of an IBKR-like engine). Trade Republic does not support options. For occasional Eurex covered-call writers, DEGIRO is a structurally relevant alternative.
You want low commissions on bigger orders. DEGIRO charges 2 € + 0.03 % for European trades — meaning a €5 000 European order costs ~3.50 €. The same order on Trade Republic costs €1, but TR can only execute it on LS Exchange where the spread on a non-DAX-40 mid-cap can absorb 0.10–0.30 % more than Xetra. Net economics often favor DEGIRO at this size on European stocks.
You want a fully-featured Vrijes Trader-style desktop client. DEGIRO's webtrader provides real Stop-Limit, OCO, and bracket orders alongside chart-based order entry. Trade Republic's browser interface is a basic dashboard — designed as a companion to the mobile app, not as a primary trading client.
When Trade Republic is the better pick
You are a German tax resident wanting steuereinfach. Trade Republic withholds 26.375 % KESt + Soli at source automatically and applies the Sparerpauschbetrag without paperwork. DEGIRO is not a German tax-simple broker — every realized gain, dividend, and interest payment must be self-reported via Anlage KAP, with manual handling of US W-8BEN, foreign tax credits, and Vorabpauschale on accumulating ETFs. For anyone valuing automatic tax handling, this alone closes the comparison.
You want fee-free ETF savings plans. Trade Republic offers €0 savings plans on >2 000 ETFs from €1 minimum. DEGIRO has no automated savings-plan feature — every monthly buy is a manual market or limit order, with the regular commission applying. For an automated DCA setup, TR is structurally simpler and cheaper.
You hold idle cash. Trade Republic pays 3.25 % p.a. on EUR cash up to €50 k, automatically. DEGIRO pays 0 % on the cash balance — historically a structural pain point given DEGIRO's flatexDEGIRO ownership and competing Tagesgeld product. For a €15 k buffer, the differential is ~€487/year for free at TR.
You want native crypto + Visa Debit cashback. Trade Republic supports ~50 cryptocurrencies natively and includes a 1 % cashback Visa Debit. DEGIRO does not offer spot crypto or any payment card.
You are mobile-first / app-only. Trade Republic is built for mobile from day one. DEGIRO has an app, but the experience is a clear secondary to the webtrader; daily flow is noticeably worse than TR.
Taxes — DACH specifics
Germany — Trade Republic is steuereinfach, DEGIRO is not. Trade Republic withholds 25 % KESt + 5.5 % Soli + optional Kirchensteuer at source. DEGIRO acts as a foreign broker for German tax purposes — annual statement only, manual Anlage KAP filing required. For DIY tax filers using software like Smartsteuer or WISO Steuer-Sparbuch, DEGIRO statements are workable. For anyone preferring no-thought tax handling, the difference is decisive.
Austria — neither austriakonform. Both DEGIRO and Trade Republic require self-reporting via Anlage E1kv. Both issue annual statements. Note: DEGIRO Austria explicitly states it is "kein steuereinfacher Broker für AT", which makes it operationally similar to TR for Austrian users.
Vorabpauschale 2026: Trade Republic applies the Vorabpauschale automatically on January 2 by debiting the cash account. DEGIRO reports the Vorabpauschale base in the year-end statement; you must report it manually in Anlage KAP-INV. The basis on accumulating ETFs is the same, but operational handling diverges.
Quellensteuer on US dividends: Trade Republic credits the standard 15 % US withholding against German KESt automatically. DEGIRO withholds 15 % (W-8BEN filed) but does not auto-credit — you claim it yourself in Anlage KAP.
Currency-gain tracking: EUR-tax-resident clients holding USD-denominated DEGIRO positions trigger taxable currency gains/losses on every position close. Trade Republic abstracts this away via internal FX conversion at trade time.
Cost example — €25 000 DIY investor over 10 years
Profile: €25 000 portfolio, 1 monthly ETF savings plan at €200, 6 manual European stock buys per year at €2 000 average, average €5 000 idle cash buffer. Tax-handling assumed DIY (no Steuerberater fee).
| Item | DEGIRO | Trade Republic |
|---|---|---|
| 120× savings-plan equivalent (€200 manual) | €324 (€2 + 0.03 % each) | €0 |
| 60× manual European orders (€2 000 avg) | €156 (€2 + 0.03 % × €2 000) | €60 (€1 each) |
| Connectivity fees (assume 1 venue) | €25 (€2.50 × 10 yrs) | €0 |
| Cash interest (€5 k × 10 y × rate) | €0 | +€1 625 (3.25 %) |
| FX conversion on USD trades (assume 10 % USD) | ~€60 (0.25 % spread) | ~€0 (LS in price) |
| Net 10-year cost | €565 | −€1 565 |
Trade Republic still leads for this profile by ~€2 130 over 10 years. The DEGIRO case becomes competitive only when (a) you actually use the international exchanges, (b) you trade options or futures, or (c) you have automated DCA replaced by manual flexible-allocation buys where DEGIRO's per-trade cost is on a similar level.
Note: DEGIRO has historically charged a "ETF Core Selection" of 200+ ETFs commission-free for one trade per month; this offsets some of the savings-plan disadvantage but is still less flexible than TR's catalog.
Verdict by investor profile
Beginner with €100–€500/month savings plan
Pick: Trade Republic. €0 savings plan, app-first, steuereinfach. DEGIRO has no real savings-plan automation and adds the manual-tax-filing burden.
DIY long-term investor in European + US stocks
Pick: Trade Republic. The DEGIRO pricing advantage on a €5 000+ order is real but modest, and the Steuer-handling simplicity of TR more than compensates for the average user.
Investor wanting access to Asian markets
Pick: DEGIRO. Tokyo, Hong Kong, Singapore, Sydney are simply not available on Trade Republic. If your strategy involves single-stock picking on Asian exchanges, DEGIRO is one of the only retail-accessible options for DACH residents.
Active options trader on European underlyings
Pick: DEGIRO (or upgrade to IBKR). Trade Republic does not support options. DEGIRO's Eurex pricing and access make it competitive for occasional traders. For more than 5 contracts per week, IBKR overtakes on cost and execution depth.
Cash-heavy saver
Pick: Trade Republic. 3.25 % on idle EUR cash up to €50 k beats DEGIRO's 0 % regardless of market access advantages.
Frequently Asked Questions
Answers to the most common questions about DEGIRO vs Trade Republic.
For order fees, Trade Republic leads at 1€ pro Order, while DEGIRO charges 2€ + 0.03% (Europa) / 2€ + 0.05% (USA). Note: with CFD brokers, spreads add hidden cost — the lower nominal price isn't always cheaper overall.
DEGIRO is regulated by AFM / BaFin, Trade Republic by BaFin. Both fall under EU oversight. Deposit protection: DEGIRO 100.000€, Trade Republic 100.000€.
For German/Austrian customers, language, BaFin regulation and tax-simple status often matter most. Check the 'Regulated by' and 'Languages' rows — DACH-focused brokers usually have the edge.
Trade Republic offers free ETF savings plans from 1€. If a savings plan matters to you, that's a clear edge.
Both are covered under their home regulator's deposit protection. DEGIRO: 100.000€, Trade Republic: 100.000€. Securities are held in segregated accounts and protected in case of broker insolvency.
Trade Republic leads on cash interest at 3.25%. Watch the conditions — some brokers require a paid plan or cap the amount.
Both offer native mobile apps with good app-store ratings. Which is better depends on your needs — try both with a demo account if available.
A second broker makes sense when one offers features the other lacks (e.g. options, crypto, more exchanges). A full switch is only worth it if the cost difference or missing features are significant.
Ready to Get Started?
Sign up with the broker that fits your strategy. Both are regulated and offer a demo account to test risk-free.