When it comes to choosing a broker or platform for investing, there are a lot of options available in Germany and Europe. Two popular choices for investors based on the amount of users are Trade Republic and Scalable Capital.
Here's a look at how Trade Republic and Scalable Capital compare on available assets, fees security, regulation, and crypto products.
Scalable Capital vs Trade Republic: Available Assets
The most important aspect to consider when comparing brokerage platforms like Scalable Capital and Trade Republic is their available assets.
Trade Republic currently offers over 9,000 different Stocks, ETFs, Commodities, Mutual Funds and more. Their platform also offers derivative contracts, which allow investors to effectively hedge by going Long or Short different assets with leverage. Trade Republic also has a Crypto trading platform that allows investors to trade over 60 coins including BTC, ETH, SOL & AVAX.
Scalable Capital has fewer assets available when compared to Trade Republic with over 2,000 Stocks & ETFs available for self-directed trading. Scalable Capital does not offer derivative contracts and does not provide Crypto-asset trading. Investors can only get digital asset exposure through their platform via Crypto ETPs.
Winner: Trade Republic offers more Stocks, ETFs and alternative assets like Cryptocurrency when compared to Scalable Capital.
Both Trade Republic and Scalable Capital offer mobile investing platforms with no commission fees. However, there are some differences in the other fees that they charge. For example, Scalable Capital charges a 0.75% annual fee on invested assets, while Trade Republic does not charge any annual fees.
This means that Trade Republic is the cheaper option when compared to Scalable Capital because they do not charge yearly management fees.
Both Trade Republic and Scalable Capital use state-of-the-art security measures to protect their investors' assets. Scalable Capital is a member of the Investor Compensation Fund (ICF), which protects investors up to €20,000 in the event that the company becomes insolvent. Trade Republic is not a member of the ICF, but it does have insurance protection for up to €100,000 per customer.
Both Trade Republic and Scalable Capital are regulated by the German financial regulator BaFin.
Both Trade Republic and Scalable Capital offer exposure to digital assets through their platforms. However, the way in which they provide this exposure is different. Trade Republic has a dedicated Crypto trading platform that allows investors to trade over 60 coins including BTC, ETH, SOL & AVAX.
Scalable Capital does not offer direct Crypto trading but does have exposure to digital assets via Crypto ETPs.
Trade Republic is the better overall trading platform for investors in Germany and Europe. Their platform offers the widest variety of assets with the lowest fees, and provide a slick and easy user experience for beginner and advanced investors.