Interactive Brokers vs Trade Republic
Interactive Brokers | Trade Republic |
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4.3
Interactive Brokers is #1 in our CFD broker rankings. |
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2.8
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Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources. |
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 | |
"Experienced day traders seeking a regulated broker with sophisticated trading software and very low fees should look at IB. Their range of stocks also can't be beaten." | "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 | |
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Cons | |
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Instruments | |
Stocks, Futures, E-minis, Options, CFD, Forex, Crypto, Exchange Linked Warrants | Stocks, ETFs, Indices, Derivatives, Cryptos |
Demo Account | |
Yes | No |
Minimum Deposit | |
$0 | $0 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
$100 | 0.01 Lots |
Regulator | |
SEC, FCA, IIROC, SFC | BaFin, Bundesbank |
Margin Trading | |
Yes | No |
Margin Rate | |
1.55 - 2.59% | |
STP Account | |
Yes | Yes |
ECN Account | |
No | No |
DMA Account | |
Yes | No |
MAM Account | |
Yes | No |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
Yes | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
No | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS, Android & Windows | iOS & Android |
Auto Trading | |
Capitalise.ai & TWS API | |
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 |
Inactivity Fee | |
$0 | |
Islamic Account | |
No | No |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade leveraged CFDs on thousands of global stocks as well as 13 global indices, 80+ forex pairs, and London gold and silver. Leverage is available in line with regulatory requirements. | CFD trading not offered |
Leverage | |
1:50 | |
FTSE Spread | |
0.005% (£1 Min) | |
GBPUSD Spread | |
Commission (.20 pts x trade value) | |
Oil Spread | |
N/A | |
Stocks Spread | |
From 0.003 per share, variable | |
Forex Trading | |
Trade 85 major, minor and exotic forex pairs via CFDs on IB's FXTrader platform with tight spreads and low commissions, or trade forex on the spot market. They offer more FX assets than almost any competitor. | Forex trading not offered |
GBPUSD Spread | |
Commission (.20 pts x trade value) | |
EURUSD Spread | |
Commission (.20 pts x trade value) | |
EURGBP Spread | |
Commission (.20 pts x trade value) | |
Assets | |
70+ | |
Cryptocurrency | |
Buy and hold Bitcoin, Bitcoin Cash, Ethereum and Litecoin with low commissions of 0.12%–0.18%. Fees are low and the broker offers a secure environment to invest in digital assets. | 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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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Interactive Brokers vs |
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