XTB vs Trade Republic

XTB vs Trade Republic Comparison Table 2024
XTB	Trade Republic
Review 4.8	Review 2.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted
Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 6400+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.	Trade Republic is a German investment firm, regulated by the Federal Bank of Germany (BaFin). Available in Europe, it has attracted over 4 million users and manages client assets of approximately €35 billion. Trade Republic offers trading in stocks, crypto and ETFs with a minimum investment of just €1 and interest up to 3.75% paid on uninvested cash balances.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Investing in the stock markets carries risk: the value of investments can go up as well as down and you may receive back less than your original investment. Individual investors should make their own decisions or seek independent advice.
Customer Reviews
4.5 Based on 2 XTB customer reviews
Promotions
Earn Cashback When You Trade At XTB
Comment by Reviewer
"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "	"Trade Republic is best for long-term traders looking to set up automated investments (weekly, monthly or quarterly). However, its education and research tools are lacking, support is hit and miss based on tests and only European residents can sign up with the platform."
Pros
With over 6,400 instruments across CFDs on shares, Indices, ETFs, Raw Materials, Forex, Crypto, Real shares, Real ETFs, share dealing and more recently Investment Plans, XTB caters to both short-term traders and longer-term investors. The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders. With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels. XTB has boosted its interest rate on uninvested balances (up to 4.75%) and added zero-fee ISAs for UK clients with 3,000 stocks and 700 ETFs for diverse opportunities. Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders. First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing. XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring day traders have quick access to their funds.	Trade Republic is trusted, with authorization from Germany’s BaFin, a ‘green tier’ regulator in line with Day Trading.com’s Regulation & Trust Rating, while up to €100,000 is available in investor compensation. The investment offering at Trade Republic is head and shoulders above most competitors, with 8000+ stocks, 500+ ETFs, 40,000+ derivatives and 50+ cryptos. Trade Republic has clearly invested in its mobile trading environment with a sleek and ultra-modern mobile app that features simple navigation and an easy-to-use interface. You can earn up to 3.75% interest on unlimited cash balances with payments paid monthly and zero restrictions on withdrawals.
Cons
XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads. The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds. XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite. Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months. The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks. Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.	The lack of demo account and threadbare education reduces its appeal to newer traders, especially compared to brokers like eToro with its $100K simulator, zero time limit and stacked academy. Despite telephone and email assistance, Trade Republic still needs to improve its customer support, with no live chat available during testing and a fairly basic help centre which may deter aspiring investors. Trade Republic lacks the comprehensive financial solutions available at alternatives, notably Revolut with limited foreign exchange services, multi-currency accounts, and premium banking solutions.
Awards
Best Forex Broker for Beginners 2022 Best Customer Service 2021 Best Forex Broker for Low Costs 2021 Best Mobile App for Investing 2020 #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018 Best Polish Forex Broker 2019 Best Execution Broker 2019
Instruments
CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs	Stocks, ETFs, Indices, Derivatives, Cryptos
Demo Account
Yes	No
Minimum Deposit
$0	$0
Trading Platforms
xStation	Own
Payment Methods
Payment methods include Visa, Wire Transfer, Paypal, Debit / Credit Card and Skrill but vary based on the country of registration.	Apple Pay Credit Card Debit Card Google Wallet Mastercard Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, CySEC, KNF, DFSA, FSC	BaFin, Bundesbank
Margin Trading
Yes	Yes
Margin Rate
4.5%
STP Account
Yes	Yes
ECN Account
No	No
DMA Account
Yes	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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
Year after year XTB’s app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward.
Android App Rating
4.1
iOS App Rating
4.7
Auto Trading
Open API
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
Yes	No
Inactivity Fee
$0	$0
Islamic Account
Yes	No
Account Currencies
USD EUR PLN	EUR
Stock Exchanges
Australian Securities Exchange (ASX) Bombay Stock Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange Russell 2000 S&P 500 SIX Swiss Exchange	Borsa Italiana Euronext London Stock Exchange Nasdaq New York Stock Exchange SIX Swiss Exchange
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Lean Hogs Cattle Livestock Natural Gas Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat Zinc	Gold Oil Silver
CFD Trading
XTB offers a huge selection of more than 2,100 CFDs spanning forex, indices, commodities, stocks, ETFs, and cryptos (location-dependant). Leverage up to 1:30 is available in the EU and UK, while global clients and pro traders can access up to 1:500. XTB stands out for its CFD trading resources and tutorials to assist traders in developing short-term trading strategies.	CFD trading not offered
Leverage
1:30 (EU) 1:500 (Global)
FTSE Spread
1.8
GBPUSD Spread
1.4
Oil Spread
0.03
Stocks Spread
0.2%
Forex Trading
XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.	Forex trading not offered
Forex App
With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.
GBPUSD Spread
1.4
EURUSD Spread
1.0
EURGBP Spread
1.4
Assets
70+
Cryptocurrency
XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading.	Trade Republic offers an average range of 50+ crypto coins such as Bitcoin, Ethereum and Ripple. You can buy, sell, hold and trade digital currencies 24/7 for as little as €1 while the cold wallet storage solutions, which are regulated in Germany and Austria, help create a secure investing environment.
Spread
0.22%	Market
Coins
ADA BTC BCH DSH EOS ETH IOTA LTC NEO XRP XLM TRX XEM XLM XMR DOGE BNB LINK UNI DOT XTZ	BTC SOL ETH BCH XRP DOT AVAX FET LNK ADA LTC NEAR UNI MATIC TRX FTM XLM HBAR ALGO STORJ GRT AMP SUSHI BAL OMG CHZ MKR COMP ZRX YFI ANT AXS CTSI LRC BAND PERP OXT UMA AAVE SAND KNC CRV AUDIO ENJ BAT MIR SNX EOS OGN DYDX 1INCH BNT CQT OCEAN
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money	Investing in the stock markets carries risk: the value of investments can go up as well as down and you may receive back less than your original investment. Individual investors should make their own decisions or seek independent advice.