FTX vs Trade Republic

FTX vs Trade Republic Comparison Table 2024
FTX Trade Republic
0.3

FTX is #30 in our crypto broker rankings.

FTX and FTX US has filed for Chapter 11 bankruptcy. We strongly advise against making any deposits. The FTX platform has been hacked. A warning has ben issued that the website, platform and app might be infected by trojan malware. We recommend that you refrain from using them.
2.8
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

FTX is a cryptocurrency exchange that offered a vast array of derivatives products and digital tokens. However, the company collapsed and filed for bankruptcy on November 11, 2022 after a wave of withdrawals revealed that the firm has mismanaged client funds and did not have sufficient liquidity.

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).

Comment by Reviewer
"We don't recommend FTX to crypto investors. The disgraced cryptocurrency exchange failed its customers and its CEO, Sam Bankman Fried, has been arrested." "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
  • Lower fees than most other cryptocurrency exchanges, thanks to its tiered system
  • An official mobile app is available on both Android and iOS
  • Built-in automated trading through Quant Zone
  • Ability to stake in the exchange using FTT
  • 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
  • Major safety and security concerns - you should not deposit with this firm
  • Limited options for currency withdrawals compared to other exchanges
  • Country restrictions apply to US citizens
  • No demo account available
  • Withdrawal problems
  • 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
Cryptos, Futures, Options Stocks, ETFs, Indices, Derivatives, Cryptos
Demo Account
No No
Minimum Deposit
$1 $0
Trading Platforms
  • AlgoTrader
  • Own
Payment Methods
Minimum Trade
$1 0.01 Lots
Regulator
BaFin, Bundesbank
Margin Trading
Yes 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
iOS & Android iOS & Android
Auto Trading
Yes
Copy Trading
No No
Social Trading
No No
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
No No
Account Currencies
  • EUR
Commodities
Cryptocurrency
FTX supports crypto trading on hundreds of major tokens by way of spot trades and derivatives contracts. This includes access to popular cryptos like Bitcoin, Ethereum and Litecoin. 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
  • ETH
  • SOL
  • FTT
  • USDT
  • MATIC
  • BNB
  • XRP
  • DOGE
  • SRM
  • LINK
  • LTC
  • FTM
  • SUSHI
  • RAY
  • UNI
  • STEP
  • AAVE
  • AGLD
  • BTC
  • ETH
  • LTC
  • BCH
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
Yes No
More Comparisons
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