FreshForex vs Trade Republic

FreshForex vs Trade Republic Comparison Table 2024
FreshForex Trade Republic
2.5
2.8

FreshForex is an established forex and CFD broker offering 270+ assets on the MT4 and MT5 platforms. This offshore broker promises rapid NDD execution and average withdrawal times of 10 minutes. There are also several account types, high leverage, and algo trading tools to suit different trading experience levels and strategies.

Trade Republic is a German investment firm, with an intutive mobile app to trade stocks, ETFs, crypto, derivatives and more. The broker is regulated by the Federal Bank of Germany (BaFin) and provides commission-free execution on all assets. The brand has +1 million registered customers, with +€6 billion assets under management (AUM).

Bonus Offer
$2020 no deposit bonus
Comment by Reviewer
"FreshForex is a good choice for algorithmic traders looking for extensive expert advisor resources or crypto traders looking for a wide variety of digital assets." "I think traders looking for an easy-to-use mobile trading app with auto investment options and savings plans should consider Trade Republic. However, after testing out the account, the lack of additional tools and resources was a major drawback for me."
Pros
  • Competitive range of account types, including ECN, Cent and Swap-Free, plus a flexible demo account for beginners
  • Wide selection of free and fast payment methods, including e-wallets, cryptocurrencies and local banks
  • A choice between MT4 and MT5, plus Huckster EA shop and VPS server access for algorithmic traders
  • Good additional trading tools on offer, including forex, CFD and stocks heatmaps
  • A range of attractive bonuses including deposit bonuses and cashback deals
  • It's good to see that Trade Republic is authorized and regulated by the Federal Bank of Germany (BaFin) with €100,000 compensation available per investor
  • I'm a fan of Trade Republic's sleek and modern mobile app with simple navigation and an easy-to-use interface
  • I think the commission-free pricing model on all assets with $0 minimum deposit and $1 minimum investment makes the broker ideal for beginners
  • Trade Republic offers a pretty impressive asset list including 8000+ international stocks, 500+ ETFs, 40,000+ derivatives and 50+ crypto coins
  • I also like that interest payments are available on uninvested cash balances
Cons
  • Offshore and unregulated broker
  • Limited range of instruments compared to alternatives
  • US, UK, China and other countries not supported
  • Some poor user reviews
  • I think it's a shame that there's no demo account or any educational content on offer for beginners
  • There are limited customer support options with no live chat or telephone contact
  • My tests found that Trade Republic is only available to European residents
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies Stocks, ETFs, Indices, Derivatives, Cryptos
Demo Account
Yes No
Minimum Deposit
$10 $0
Trading Platforms
  • MT4
  • MT5
  • Own
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSA BaFin, Bundesbank
Margin Trading
No No
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes No
Account Currencies
  • RUB
  • EUR
Commodities
CFD Trading
Trade CFDs across key asset classes with high leverage up to 1:2000, more than almost every other broker we have evaluated. You can also analyze the broker's 120+ assets using the useful CFD heatmap tool. CFD trading not offered
Leverage
1:2000
FTSE Spread
90
GBPUSD Spread
3
Oil Spread
12
Stocks Spread
Variable
Forex Trading
FreshForex offers over 40 currency pairs with spreads from 2 pips for EUR/USD, which is not the most competitive vs other brands which typically offer spreads below 1 pip. Forex trading not offered
GBPUSD Spread
3
EURUSD Spread
2
EURGBP Spread
3
Assets
40+
Cryptocurrency
An impressive selection of over 70 crypto-fiat pairs with a competitive 0.05% commission. You can also access the market 24/7 whilst on-the-go using the broker's mobile apps. Trade Republic offers a very good range of 50+ crypto coins such as Bitcoin, Ethereum and Ripple. I can trade 24/7 for as little as €1 and I'm pleased to see that cold wallet storage solutions are available for digital currency, regulated in Germany and Austria.
Spread
Variable Market
Coins
  • BTC
  • BCH
  • ETH
  • XRP
  • LTC
  • BTC
  • ETH
  • LTC
  • BCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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