Webull vs Trade Republic

Webull vs Trade Republic Comparison Table 2023
Webull Review 2023	Trade Republic Review 2023
Review 4.4 Webull is #7 in our broker rankings.	Review 2.8
Traders from US accepted	Traders from US not accepted
Webull is a US-regulated trading app that offers stocks, options, forex, cryptos, ETFs, fractional shares and more. The firm is authorized by the SEC and FINRA with a strong trust rating. Low fees, no minimum investment and generous welcome bonuses have made the discount broker popular with online investors.	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
Up to 12 free fractional shares when you deposit $100
Comment by Reviewer
"Webull is best for traders looking to buy and sell stocks on a user-friendly platform with zero commissions. The intuitive app also makes this broker great for mobile investors."	"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
Respected broker regulated by the SEC and FINRA Easy-to-use investment platform and mobile app No minimum deposit for beginners Zero commissions or inactivity fees Smart Advisor for auto investing Promotions with free stocks Brokerage account plus IRA Fractional shares available	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
High deposit and withdrawal wire fees for non-US residents Sometimes sudden changes in trading conditions Narrow range of payment methods No MetaTrader 4 access	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
Stocks, ETFs, ADRs, OTCs, options, cryptos, forex, fractional shares	Stocks, ETFs, Indices, Derivatives, Cryptos
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
Desktop App Web Terminal	Own
Payment Methods
ACH Transfer Automated Customer Account Transfer Service Wire Transfer	Credit Card Mastercard Visa Wire Transfer
Minimum Trade
0.00001 (Fractional Share)	0.01 Lots
Regulator
SEC, FINRA	BaFin, Bundesbank
Margin Trading
Yes	No
Margin Rate
5.49% - 9.49%
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
Yes	No
Negative Balance Protection
No	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
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
Inactivity Fee
$0
Islamic Account
No	No
Account Currencies
USD	EUR
Stock Exchanges
Dow Jones Hong Kong Stock Exchange Nasdaq New York Stock Exchange
Commodities
	Gold Silver
Forex Trading
Webull offers a modest collection of 17 currencies, including majors like EUR/USD. Forex can be traded on the feature-rich investing app with real-time quotes and low spreads.	Forex trading not offered
GBPUSD Spread
0.4
EURUSD Spread
0.2
EURGBP Spread
0.4
Assets
15+
Cryptocurrency
Webull offers trading on 8 popular cryptos through its Webull Pay app. With premium analysis tools, traders can review market trends and identify opportunities in a few taps.	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
Floating	Market
Coins
BTC BCH DOGE ETC ETH LTC SHIB USDC	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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