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:
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 |
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|---|---|---|
| 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 |  |
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| 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.
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.
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.
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