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Trade Republic vs Plum

Trade Republic vs Plum Comparison Table 2024
Trade Republic Plum
Review
2.8
Review
3

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).

Plum is an financial app that empowers users to save and trade. The investing platform is available in 10 European countries with offices in the UK, Greece and Cyprus. Over 1.5 million clients and have invested more than £1 billion with the firm.

Customer Reviews
4
Based on 1 Plum customer reviews
Comment by Reviewer
"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." "Plum is a great option for traders looking for a user-friendly savings, budgeting and investment app. The £1 minimum deposit, pre-built funds and fractional shares will especially appeal to beginners."
Pros
  • 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
  • Commission-free trading on 3000+ stocks with manual or automatic investments
  • Pre-built funds based on a market sector or ESG initiatives with portfolio auto-rebalancing
  • Savings account available with expenditure analysis and free withdrawals
  • Interest rates on uninvested cash are competitive up to 4.21% AER
  • Low minimum investment of £1 plus fractional shares
  • Regulated by the FCA
  • Bill provider analysis
Cons
  • 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
  • Monthly subscription fees apply to access the full suite of services and best trading conditions
  • Limited price analysis features such technical indicators and custom charting for experienced traders
  • Limited payment methods with bank transfer only
  • Narrow product portfolio compared to alternatives
  • The app is only available in European regions
  • No demo account available
Instruments
Stocks, ETFs, Indices, Derivatives, Cryptos Stocks, ETFs
Demo Account
No No
Minimum Deposit
$0 £2
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
0.01 Lots £1
Regulator
BaFin, Bundesbank FCA
Margin Trading
No No
STP Account
Yes No
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 Yes
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
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
  • EUR
  • GBP
Stock Exchanges
Commodities
Cryptocurrency
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. Crypto trading not offered
Spread
Market
Coins
  • BTC
  • ETH
  • LTC
  • BCH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
More Comparisons
Trade Republic
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