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).
tastytrade is an award-winning brokerage, launched in 2017. The brand specializes in futures, options and stock trading with US and Australian regulatory oversight. The proprietary trading interface, designed by the creators of Thinkorswim, is powerful with plenty of integrated tools to suit active traders.
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."
"tastytrade is a good choice for investors looking for low-cost, multi-asset trading opportunities. Experienced traders in particular will appreciate the comprehensive analysis tools and advanced trading technology."
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
Transparent pricing model including a $1 commission on stocks and ETF options, with maximum limits per leg for some assets
Wide range of asset classes including options, futures, stocks, ETFs and indices with the majority available to trade 24/5
Good choice of account types suitable for various investment goals including IRAs and individual/joint trading accounts
Powerful proprietary platform with detailed insights, real-time trading videos, and order adjustment features
Excellent regulatory oversight from FINRA, NFA and ASIC with SIPC insurance for US clients
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
Less suitable for beginners with no demo account and basic educational resources
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.
tastytrade offers a small selection of cryptocurrencies, available to trade as long positions only. This includes Bitcoin, Ethereum, Litecoin and Dogecoin. But with a narrow suite of digital currencies, it isn't the best pick for high-volume crypto traders.