Trade Republic vs DEGIRO (2026):
Fees, execution, and who each one suits
Updated August 2026 · Fee figures taken from each broker’s own published documents
Two brokers built around different models. Trade Republic is a German bank offering automated Savings Plans, fractional investing from €1, and a current account with a card. DEGIRO offers direct access to a wide range of exchanges under a published per-exchange tariff, with each order placed by you. This page compares what each one charges, how each one executes your orders, and what protection applies — using only figures each broker publishes itself.
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TL;DR
- You contribute a fixed amount monthly and want it executed automatically, with no settlement fee on Savings Plans.
- You invest small amounts where fractional investing from €1 matters. You acquire a fraction, not the whole asset.
- You want a current account and card alongside investing, and are comfortable that your orders are filled by Trade Republic dealing on own account.
Spreads and third party costs apply in addition to the settlement cost.
- You want your orders placed on a named exchange under a published per-exchange tariff.
- You invest in the ETF Kernselectie on Tradegate, where a trade costs €0.00 commission plus €1.00 handling.
- You place larger, less frequent orders and are willing to manage each one yourself.
Currency or external product and spread costs may apply. Connectivity and market data fees can apply depending on the exchanges you use.
Pros and cons
The honest summary for each platform before we go deeper.
- Automated Savings Plans with no settlement fee, per Trade Republic’s Dutch site
- Fractional investing from €1 across stocks, ETFs and bonds
- No order commission; one euro external settlement cost per trade
- Free current account, virtual card at €0, ATM withdrawals free from €100
- Optional interest product, activated in app, calculated daily and paid monthly
- Registered systematic internaliser (MIC: TRBX) — by default your order is filled by Trade Republic dealing on own account, outside a trading venue
- Trade Republic’s own Execution Policy states that off-venue trading has no supervision comparable to stock exchange supervision
- Published quotes are valid only for the volume shown, and Trade Republic states that publishing a quote does not automatically mean every client can trade at that price
- No separate conversion cost is published for buying foreign-currency assets; a margin is published for converting foreign dividends and corporate-action proceeds to EUR, and the conversion timestamp can differ from the trade’s own timestamp
- The interest rate is shown in the app rather than in a published document, is variable, and can be raised by a conditional top-up that Trade Republic is entitled but not obliged to grant and may end at any time
- Saveback and Round up have to be activated, and their terms and limits are set in the app rather than in a published fee document
- Exceptionally low costs on the ETF Kernselectie: €0.00 commission plus €1.00 handling on Tradegate-listed ETFs
- Access to more than 45 markets across 30 countries, with a published tariff per exchange
- Orders placed via an exchange or other trading platform, with the €1.00 handling fee covering third-party execution costs
- Auto FX trader at 0.25%, published as a stated rate
- Incoming portfolio transfers, corporate actions, money transfers and account closure are free
Currency or external product and spread costs may apply.
- No automated savings plans — every order is placed manually
- No fractional shares, so purchases are in whole units
- No credit interest rate on uninvested cash is published in the Tarievenoverzicht
- Exchange connectivity fee of €2.50 per exchange per calendar year, capped at 0.25% of the annual maximum account value
- Real-time price data carries a monthly subscription cost on exchanges outside the free list
- Outgoing portfolio transfers cost €20.00 per line plus external costs
- Manual currency conversion costs €10.00 plus 0.25%
- ETFs outside the Kernselectie cost €2.00 plus €1.00 handling
Cost and structure snapshot
Every figure below comes from a document published by the broker itself. DEGIRO figures are for the Dutch entity; DEGIRO’s other country entities publish their own tariffs, so check the schedule for your own country.
| Cost line | Trade Republic | DEGIRO (Dutch entity) |
|---|---|---|
| ETF order cost | No order commission; €1.00 external settlement cost per trade, plus spreads and third party costs | ETF Kernselectie on Tradegate: €0.00 + €1.00 handling = €1.00 Other exchanges: €2.00 + €1.00 handling = €3.00 |
| Stock order cost | Same as above | Euronext Amsterdam and Brussels €2.00; NASDAQ, NYSE and Canadian exchanges €1.00; XETRA, Tradegate, LSE and others €3.90; Australia, Börse Frankfurt, Hong Kong, Singapore, Tokyo €5.00 Plus €1.00 handling, except Tradegate shares |
| Recurring investing | Savings Plans, automated, no settlement fee | Not offered — orders placed manually |
| Fractional investing | From €1; you acquire a fraction, not the whole asset | Whole units only |
| Order execution | Systematic internaliser (MIC: TRBX) for equities and ETFs — deals on own account outside a trading venue | Placed via an exchange or other trading platform; €1.00 handling covers clearing, settlement, brokerage, contract note, regulatory and execution fees |
| Currency conversion | Not published for buying assets; a separate published margin (a fixed amount per currency, not a percentage) applies when converting foreign dividends and corporate-action proceeds to EUR | Auto FX trader 0.25%; manual transaction €10.00 + 0.25%, processed in the buy and sell price |
| Exchange connectivity | Not applicable | €2.50 per exchange per calendar year, capped at 0.25% of annual maximum account value; not charged on Euronext Amsterdam, Euronext Brussel, OTC Tradias or ETF Kernselectie; settled monthly |
| Real-time price data | Firm quotes published in the app | Free on a defined list of exchanges; paid monthly on others — check DEGIRO’s current NL schedule for the exact venue list |
| Current account and card | Account management €0; transfers, standing orders and direct debits €0; virtual card €0; physical card €5 (Classic) or €50 (Mirror) one-off | Not offered |
| ATM withdrawals | Under €100: €1. From €100: €0. Foreign currency translation €0 | Not applicable |
| Interest on uninvested cash | Optional product, activated in app, calculated daily and paid monthly; rate is shown in the app, is variable and can change. A conditional top-up can raise it, subject to eligibility criteria, and can be withdrawn | No credit interest rate published in the Tarievenoverzicht |
| Outgoing portfolio transfer | No settlement fee; kostenfrei per Trade Republic’s price schedule Third-party costs may apply |
€20.00 per line plus external costs Incoming transfer free; internal transfer €7.50 per line |
| Custody or platform fee | None stated | None stated |
| Minimum to invest | €1 | No minimum stated |
Sources: DEGIRO Tarievenoverzicht (Basic / Active / Trader), tariffs from 01-01-2026, flatexDEGIRO Bank Dutch Branch. Trade Republic Execution Policy 07/2026, Business Principles for Systematic Internalization, Fee information (July 2025), Depositor Information Sheet, and Trade Republic’s Dutch product pages. Verified August 2026. Tariffs can change — check each broker’s current schedule before you act. Currency or external product and spread costs may apply.
What you actually pay
Neither broker is free. The costs simply fall in different places depending on how you invest and which exchanges you use.
- No order commission. Trade Republic states there is one euro external settlement cost per trade to cover clearing and settlement, plus spreads and third party costs such as ETF management fees.
- Savings Plans carry no settlement fee, per Trade Republic’s Dutch site.
- Account management is €0, and the Fee information sheet lists bank transfers, standing orders and direct debits at €0.
- No separate currency conversion cost is published for buying foreign-currency assets; the Execution Policy states it is taken into account within the price. A separate margin — a fixed amount per currency, not a percentage — is published for converting foreign dividends and corporate-action proceeds to EUR.
- Product costs such as an ETF’s ongoing charges are included in the product price and are additional to the settlement cost.
- ETF Kernselectie, listed on Tradegate: €0.00 commission plus €1.00 handling — €1.00 all-in, on every trade.
- ETFs on other exchanges: €2.00 plus €1.00 handling — €3.00 per trade.
- Connectivity fee: €2.50 per exchange per calendar year, capped at 0.25% of the annual maximum account value. Not charged on Euronext Amsterdam, Euronext Brussel, OTC Tradias or the ETF Kernselectie. Settled monthly.
- Currency conversion: 0.25% via Auto FX trader, or €10.00 plus 0.25% for a manual transaction. Both are processed in the buy and sell price.
- Real-time price data is free on a defined list of venues and carries a monthly subscription cost per exchange elsewhere — check the current NL schedule for the venue list and prices.
Currency or external product and spread costs may apply.
Recurring investing: automated vs manual
The clearest structural difference between the two platforms. Which side of it suits you depends on how you actually contribute.
- Savings Plans on stocks, ETFs, ELTIFs and crypto. Crypto assets are highly volatile assets. The value can fluctuate significantly. There is a risk of losing the entire invested capital. You choose the asset, the amount and how often.
- Trade Republic states it charges no settlement fee on Savings Plan executions.
- Savings Plan executions run from €10 to €10,000 per execution — both a stated floor and a stated ceiling. Fractional execution means the full contribution is deployed rather than left partly in cash.
- Trade Republic notes that Savings Plans are executed automatically and carry market risks, and that you acquire a fraction rather than the whole asset.
- Where the same instrument is bought for many customers on one execution date across several partial fills at different prices, Trade Republic sets a single average price and settles every customer at it. You get a pooled average for that day, not a price at a moment you chose. Rounding to the fourth decimal place can also make the executed instalment slightly smaller than the amount you set.
- No recurring investment feature. Every order is placed manually.
- The order cost applies each time: €1.00 all-in on the ETF Kernselectie via Tradegate, €3.00 on other exchanges.
- No fractional shares, so you buy whole units and the remainder of each contribution stays in cash until it is large enough for another unit.
- DEGIRO is execution-only and provides no investment advice, so the timing and selection of every order is yours.
Currency or external product and spread costs may apply.
ETF range & exchange access
The difference is less about how many ETFs exist on each platform and more about where your order goes.
Trade Republic offers stocks, ETFs, bonds including US bonds, crypto, derivatives from partner issuers, and Private Markets via Apollo and EQT. Crypto assets are highly volatile assets. The value can fluctuate significantly. There is a risk of losing the entire invested capital. Fractional buys start from €1; Savings Plan executions run from €10 to €10,000. Its published product universe is listed on its own site and is updated continuously.
You do not choose the venue. Trade Republic is a registered systematic internaliser for equities and ETFs, so by default it fills your order itself. Private Markets are long-term ELTIF investments with limited tradability, and Trade Republic states a total loss is possible.
DEGIRO offers access to more than 45 markets across 30 countries, with a published tariff per exchange. The ETF Kernselectie covers over 1,000 products listed on Tradegate at €0.00 commission plus €1.00 handling. You choose which exchange your order goes to.
That control has a price attached. Exchanges outside the free list carry the €2.50 annual connectivity fee, capped at 0.25% of annual maximum account value, and real-time data on some exchanges carries an additional monthly subscription cost. Currency or external product and spread costs may apply.
Current account, card & fractional investing
Trade Republic offers these; DEGIRO does not. Both sets of figures below come from each broker’s own published schedule.
- Current account with no fees. Account management, bank transfers, standing orders and direct debits are all €0.
- Virtual debit card €0. Physical card is a one-off €5 for the Classic or €50 for the Mirror. No credit card and no overdraft facility.
- ATM withdrawals from €100 are free worldwide; withdrawals under €100 carry €1. Some ATM operators charge their own fee.
- Trade Republic adds no currency conversion charge on card payments or foreign ATM withdrawals — the foreign currency translation fee is €0 on both.
- Saveback pays part of your eligible card spending into a Savings Plan. It has to be activated, and its rate, caps and conditions are set in the app rather than in a published fee document — check them there before relying on it.
- Interest is an optional product activated in the app, calculated daily and paid monthly. The rate is shown in the app rather than in a published fee document, is variable, and balances blocked by pending orders or card settlement earn nothing.
- Fractional investing from €1. You acquire a fraction, not the whole asset.
Saveback and Round up are investments and bear risk. Currency fluctuations can impact your returns.
- No current account, no card, no payment services. DEGIRO is execution-only and provides no investment advice.
- No credit interest rate on uninvested cash is published in the Tarievenoverzicht of 1 January 2026.
- Fund and withdraw by bank transfer. Money transfers are free.
- No fractional shares. Purchases are in whole units, so part of each contribution stays in cash until it is large enough for another unit.
- If you go into debit, unallocated debit interest is 6.25% on EUR and 6.90% on all other currencies; allocated debit interest is 4.75% on EUR and 5.25% on USD and GBP.
Currency or external product and spread costs may apply.
Order execution: where your order actually goes
Most comparison pages skip this. It determines the price you actually get, and the two brokers are structurally different here.
Trade Republic is a registered systematic internaliser for equities and exchange traded funds, operating under the market identification code TRBX. In its own words, that means an investment firm dealing on own account on a frequent, organised and systematic basis when executing client orders outside a regulated market, a multilateral trading facility or an organised trading facility. Its Execution Policy states that the customer expressly agrees to execution outside a trading venue, and that Trade Republic may at its own discretion deliver or take over the securities concerned.
Trade Republic publishes firm quotes in the app, but sets out that a quote is valid only for the transaction volume shown, that publication does not automatically mean every client can trade at the published price, and that it reserves the right to withdraw all quotes in exceptional market conditions. Post-trade reports are published through the approved publication arrangement of Wiener Börse AG.
DEGIRO places orders via an exchange or another trading platform, and states that it does not charge third-party costs directly but through the €1.00 handling fee. That fixed fee covers all costs related to the execution of your order, including clearing and settlement costs, brokerage fee, contract note fee, regulatory fee and the execution fee.
The cost of that structure is that you carry the venue-specific charges: the connectivity fee where it applies, and real-time data fees on exchanges outside the free list. Currency or external product and spread costs may apply.
What service and admin actually cost
The charges that never appear in a headline fee comparison, but do appear on your statement. Both lists are taken from each broker’s own published schedule.
- Account management: €0.
- Bank transfer, crediting a transfer, standing order, direct debit: €0 each.
- Justified refusal to honour a direct debit or execute a transfer order: €0.
- Virtual debit card €0; physical card €5 one-off (Classic) or €50 one-off (Mirror).
- ATM withdrawal under €100: €1. From €100: €0. Foreign currency translation on withdrawals and card payments: €0.
- Credit card, cash deposit, overdraft facility and tolerated overdraft: not available.
Source: Trade Republic Fee information, current account, July 2025.
- Email and telephone orders via the DEGIRO Orderdesk: €10.00 surcharge, maximum order value €100,000.
- Outgoing portfolio transfer: €20.00 per line plus external costs. Incoming transfer: free.
- Internal transfer: €7.50 per line. Stock exchange conversion after a delisting: €45.00 per line.
- Statements by email: €5.00 each. UBO statement: €5.00. German tax voucher: €25.00 plus VAT.
- Attending a Dutch shareholders’ meeting or voting: €10.00. Foreign meeting: €100.00 plus cost price.
- Money transfers, corporate actions, dividend and coupon processing, transaction notifications, IPO subscription, expired or cancelled orders, and account closure: free.
Source: DEGIRO Tarievenoverzicht, tariffs from 01-01-2026.
Tax reporting: what each broker provides
What each broker supplies, and what it charges for. What you still have to file yourself depends on where you live.
- Trade Republic states on its Dutch site that it provides automatically pre-filled tax declarations.
- The ex-post cost information in the app gives a per-order cost report covering the settlement cost and product costs.
- What is pre-filled and what you still have to do varies by country of residence. Check what applies where you live before relying on it.
- In some countries you must also declare a foreign broker account separately with your local tax authority.
- An annual overview of income, transactions and dividends is available for download.
- A German tax voucher costs €25.00 plus VAT and a Swiss one CHF 50.00 plus VAT; other tax vouchers and the tax reclaim service are priced on request.
- Statements sent by email cost €5.00 each.
- For most investors you use the DEGIRO overview as source data and file with your own tax authority.
Legal entities and compensation schemes
Compensation schemes exist to cover the failure of the institution. They do not cover investment losses, and regulatory status is not a guarantee that an investment will hold its value.
- Trade Republic Bank GmbH, Brunnenstrasse 19-21, Berlin, registered at the local court of Charlottenburg under HRB 244347 B.
- Cash sits across up to seven partner banks (including Deutsche Bank, J.P. Morgan, Citibank Europe, Crédit Agricole, HSBC Continental Europe, Natixis and SEB); each escrow account is protected up to €100,000 under that bank’s own national deposit guarantee scheme, aggregated across all deposits at that institution. For its German-licensed partner banks, that scheme is the Entschädigungseinrichtung deutscher Banken GmbH.
- Reimbursement period in case of the credit institution’s failure: 7 working days. Currency of reimbursement: euro.
- Cash above an internally-set threshold (“Partner Amount”) moves into money market funds rather than staying as a bank deposit; Trade Republic states deposit guarantee schemes do not apply to that portion, which is instead held on segregated custody accounts under the same rules as stocks and ETFs.
- This protection applies to the failure of the institution. It does not cover losses on your investments.
- DEGIRO is the trading name of flatexDEGIRO Bank Dutch Branch, the Dutch branch of flatexDEGIRO Bank SE.
- flatexDEGIRO Bank SE is primarily supervised by the German financial regulator (BaFin). In the Netherlands, flatexDEGIRO Bank Dutch Branch is registered with DNB and is supervised by AFM and DNB.
- Because the bank is German, the German schemes apply, not the Dutch ones: cash on a DEGIRO money account is covered by the German deposit guarantee scheme up to €100,000 per client, and the German investor compensation scheme covers 90% of losses on investments that cannot be returned, to a maximum of €20,000 per client.
- Both schemes apply only if the broker fails. Neither covers losses on your investments.
- DEGIRO is execution-only and provides no investment advice.
Who should choose which
- Investors contributing a fixed amount monthly who want it executed automatically with no settlement fee.
- Investors putting in smaller amounts, where fractional investing from €1 means the whole contribution is deployed.
- Investors who want a current account and card in the same app and are comfortable with orders being filled by Trade Republic dealing on own account.
- Investors who want each order placed on a named exchange under a published per-exchange tariff.
- Investors buying from the ETF Kernselectie on Tradegate at €0.00 commission plus €1.00 handling.
- Investors placing larger, less frequent orders who are willing to manage each one and to buy whole units.
Currency or external product and spread costs may apply. Connectivity and market data fees can apply depending on the exchanges you use.
Nothing stops you holding both. One possible split is Trade Republic for automated monthly contributions and DEGIRO for occasional orders in specific ETFs on a chosen exchange. Bear in mind that holding positions at two brokers means two sets of admin, and that moving positions out of DEGIRO later costs €20.00 per line plus external costs. Whether that suits you depends on your own circumstances — this is not investment advice.
Open your account
Investing involves risk of loss. This is not investment advice. Fees and terms change — always check each broker’s current schedule on its own site before you open or fund an account. Currency or external product and spread costs may apply.
Go deeper
Frequently asked questions
Is Trade Republic or DEGIRO the better fit for long-term ETF investors?
It depends on how you invest. Trade Republic offers automated Savings Plans and fractional investing from €1, which suits regular monthly contributions. DEGIRO is an execution-only broker that provides no investment advice; it offers direct access to a wide range of exchanges, and for Dutch clients an ETF Kernselectie trade on Tradegate costs €1.00 all-in. Currency or external product and spread costs may apply. Investing involves risk of loss. This is not investment advice.
Does DEGIRO offer savings plans like Trade Republic?
No. DEGIRO does not offer automated recurring investment plans, so every order is placed manually. Trade Republic’s Savings Plans execute automatically and Trade Republic states on its Dutch site that it charges no settlement fee for them. Currency or external product and spread costs may apply.
Which broker costs less per trade, Trade Republic or DEGIRO?
For Dutch clients, DEGIRO charges €0.00 commission on ETF Kernselectie trades listed on Tradegate plus a €1.00 handling fee, so €1.00 all-in. ETFs on other exchanges cost €2.00 plus €1.00 handling, so €3.00. Trade Republic states that there is no order commission and one euro external settlement cost per trade, plus spreads and third party costs, with no settlement fee on Savings Plans. Currency or external product and spread costs may apply. Cost is only one factor, and investing involves risk of loss.
Does Trade Republic pay interest on uninvested cash?
Trade Republic offers an interest product that has to be activated in the app — it is not automatic. Interest is calculated daily and paid monthly. The rate itself is shown in the app rather than in any published fee document, and it is variable. Trade Republic can also grant a conditional top-up that raises the displayed rate, subject to eligibility criteria it sets, and it is entitled to end that arrangement at any time. Balances blocked by unexecuted orders or pending card settlement earn nothing. DEGIRO does not publish a credit interest rate on uninvested cash in its Tarievenoverzicht of 1 January 2026. Rates are variable and can change — check the current rate in the app before you rely on it.
Can I buy fractions of an ETF on DEGIRO or Trade Republic?
Trade Republic offers fractional trading from €1; you acquire a fraction, not the whole asset. DEGIRO does not offer fractional shares, so purchases are in whole units and part of each contribution can remain uninvested until it is large enough for another unit.
What protection applies to cash and securities at each broker?
Compensation schemes cover the failure of the institution only. They do not cover investment losses. Trade Republic spreads client cash across several partner banks; each escrow account is protected up to €100,000 under that bank’s own national deposit guarantee scheme, repaid within seven working days where the German scheme applies. Cash above an internally-set threshold moves into money market funds instead of a bank deposit, and that portion is not covered by any deposit guarantee scheme. DEGIRO is the trading name of flatexDEGIRO Bank Dutch Branch, the Dutch branch of flatexDEGIRO Bank SE, which is primarily supervised by the German financial regulator (BaFin); in the Netherlands the Dutch Branch is registered with DNB and supervised by AFM and DNB. Because flatexDEGIRO Bank SE is a German bank, the German schemes apply rather than the Dutch ones: cash on a DEGIRO money account is covered up to €100,000 under the German deposit guarantee scheme, and the German investor compensation scheme covers 90% of losses on investments that cannot be returned, to a maximum of €20,000 per client. Investing involves risk of loss.
How does order execution differ between Trade Republic and DEGIRO?
DEGIRO places orders via an exchange or another trading platform and charges €1.00 handling per order, which it states covers clearing and settlement costs, brokerage fee, contract note fee, regulatory fee and the execution fee. Trade Republic is a registered systematic internaliser for equities and exchange traded funds under the market identification code TRBX, which means it deals on own account outside a regulated market, multilateral trading facility or organised trading facility when executing client orders. Its Execution Policy states that the customer expressly agrees to execution outside a trading venue, and notes that in off-venue trading there is no supervision comparable to stock exchange supervision.
What does currency conversion cost at each broker?
DEGIRO charges 0.25% for all currencies via Auto FX trader, and €10.00 plus 0.25% for a manual currency transaction, both processed in the buy and sell price. Trade Republic does not publish a separate cost for converting currency when buying a foreign-currency asset; its Execution Policy states this is taken into account within the price. Trade Republic does publish a separate margin, a fixed amount per currency rather than a percentage, for converting foreign dividends and corporate-action proceeds to EUR. Currency fluctuations can impact your returns.
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QuantRoutine provides educational content only. Nothing on this page is an offer, solicitation, or recommendation to buy or sell any security or to open an account with any specific broker. Investments can lose value, and past performance does not guarantee future results. You are responsible for your own investment, tax, and legal decisions. Always review each broker’s current terms, fees, and eligibility on their official website before opening or funding an account.