eToro vs Trade Republic

eToro vs Trade Republic

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December 19, 2022
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Summary: eToro and Trade Republic are two of the best online brokers for investors in Germany and Europe. While each offers its unique advantages and disadvantages, it is clear that eToro takes the edge as the superior investing platform.

Our research concluded that eToro offers more assets to trade, a better overall user experience and tighter spreads when compared to Trade Republic.

Table of Contents

Platform Highlights

eToro wins over Trade Republic

  • 80+ Cryptos and over 8,000 Stocks, ETFs & Commodities.
  • Licensed and regulated by the Financial Conduct Authority (FCA) and ESMA.
  • Crypto Staking options and other advanced features Trade Republic does not offer.
78% of retail CFD accounts lose money.

Comparison Overview

When it comes to choosing an investment broker in Europe, there are a lot of things to consider. The key factors which our team views as the most important are available assets, trading fees, regulation and user experience.  

With this in mind, we decided to compare eToro and Trade Republic. Here’s what we found:

eToro vs Trade Republic Trade Republic vs eToro
Trading Fees Variable Fees | 0.5% Spreads 0% Fees | 0.65% Spreads
Available Assets 8,000+ Stocks, ETFs, Commodities, CFDs and more 7,500+ Stocks, ETFs, Commodities, Mutual Bonds, CFDs and more
Available Cryptos 80+ 60+
Year Founded 2008 2015
Crypto Staking Yes No
Deposit Methods Bank Transfer, Debit Card, Credit Card or PayPal Deposit Bank Transfer or Bank Wire
Overall Rating Image Image
Visit Website www.etoro.com www.traderepublic.com

78% of retail CFD accounts lose money

Asset Selection

eToro is the largest multi-asset brokerage in the world, with over 8,000 Stocks, ETFs, Commodities and more listed on their platform. In addition to this, they also offer over 80 cryptocurrencies with an in-built crypto-wallet for users to securely store their assets. This makes them arguably one of the most flexible investment platforms in the world.

Trade Republic also offers an extremely large collection of assets with over 7,500 traditional Stocks and ETFs listed on their platform. Their trading app offers slightly fewer cryptocurrencies than eToro, with only 60 digital assets listed on their platform. That said, they have been adding more every month and will likely have a similar offering to eToro in the near future.

eToro Assets Discover Page

Trading Fees

eToro has a clear and transparent fee structure, with zero up-front commissions on trades across all asset classes on its platform. The only fee that eToro charge is in the price spread, which averages at around 0.5% and can be much lower for larger and more liquid assets like the NASDAQ, SPY, Tesla, Amazon and Bitcoin.

Trade Republic has an equally competitive fee structure, with zero trading fees charged up front to investors and users of their platform. That said, they also have spreads that are slightly wider than eToro's and average at around 0.65% across most assets. Outside of this, Trade Republic charge no other fees and is an extremely cheap and competitive option.

Trade Republic

Regulation & Licensing

eToro is a well-regulated broker, with licences from CySEC, FCA, ASIC and more. They are also a member of the Investor Compensation Scheme (ICS) which protects client funds up to €20,000 in the event that the company goes bankrupt. eToro is also listed on the stock exchange.

Trade Republic is also a well-regulated broker, holding licences from CySEC and BaFin. They are not currently a member of any investor protection schemes but they do segregate client funds from company funds and hold them in top-tier banks like Goldman Sachs & Barclays. Trade Republic is also planning to list on the stock exchange in 2021.

User Experience

eToro has won numerous awards for their user experience and platform design. They offer an extremely intuitive and easy to use platform that is available on desktop, mobile and web. eToro also offers useful features such as social trading, copy trading and an in-built crypto-wallet.

Trade Republic also has a very well-designed platform that is available on desktop, mobile and web. Their app is particularly good, and they have won awards for its design. One downside of Trade Republic is that they do not offer any innovative features like social trading or copy trading.

Final Thoughts

eToro is the clear winner when it comes to asset selection, trading fees/spreads and user experience While both brokers are good options for investors, eToro is the overall better choice for those looking for a more comprehensive investment platform.

For more information on the platform, you can read our eToro Review.

eToro vs Trade Republic

Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.

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