Saxo Bank vs Trade Republic: Which Broker Suits You?
Saxo Bank scores 4.0 and Trade Republic 3.4 out of 5 on our published methodology. Saxo Bank leads on Platform & Tools, Regulation & Trust and Asset Range; Trade Republic leads on Costs & Fees, and they tie on Account Access & Support. Both accept clients in the EU.
Higher overall score
Saxo Bank
4.0/5
Best for: Premium multi-asset investing
Read the full Saxo Bank review →Overall score
Trade Republic
3.4/5
Best for: Low-cost EU investing & savings plans
Read the full Trade Republic review →Score by score
Each category is scored 1–5 using our published methodology. The overall score is the plain average of the first five; ease of use is shown separately.
Key facts side by side
| Saxo Bank | Trade Republic | |
|---|---|---|
| What you own | Real assets | Real assets |
| Available assets | Stocks, bonds, ETFs, options, futures and forex across 50+ exchanges | Stocks, ETFs, bonds and crypto, plus warrants and private-market funds |
| Regulated by | Danish FSA as a licensed bank, plus FCA and others | German bank licence, supervised by BaFin and the Bundesbank, with branches in several EU countries |
| Stands out for | Professional-grade platforms and exceptional instrument breadth | A flat €1 order fee, free savings plans and interest on uninvested cash |
| Watch out for | Premium pricing, with custody fees in some countries | EU only, an app-first service whose support has struggled with rapid growth, and tax reporting that varies by country |
| Accepts clients in | The UK, the EU and other countries | The EU |
Is Saxo Bank cheaper than Trade Republic?
On our Costs & Fees score, Trade Republic rates 4/5 against Saxo Bank’s 2/5, so it is generally the cheaper of the two for the costs we assess: commissions, spreads, currency conversion and account fees. Fees differ by country and account type and change often, so check both brokers’ current price lists before you choose.
Which is safer, Saxo Bank or Trade Republic?
Saxo Bank is regulated by Danish FSA as a licensed bank, plus FCA and others; Trade Republic by German bank licence, supervised by BaFin and the Bundesbank, with branches in several EU countries. Saxo Bank scores higher on our Regulation & Trust measure (5/5 against 4/5). Which company holds your account, and which investor compensation scheme covers it, depends on where you live. Compensation schemes cover a broker failing, never investment losses.
Which is better for beginners?
On ease of use for a beginner, which sits outside the overall score, Saxo Bank scores 2/5 and Trade Republic 5/5. Trade Republic is the gentler place to start.
Who each one tends to suit
Saxo Bank
- Tends to suit
- Premium multi-asset investing
- Stands out for
- Professional-grade platforms and exceptional instrument breadth
- Watch out for
- Premium pricing, with custody fees in some countries
Trade Republic
- Tends to suit
- Low-cost EU investing & savings plans
- Stands out for
- A flat €1 order fee, free savings plans and interest on uninvested cash
- Watch out for
- EU only, an app-first service whose support has struggled with rapid growth, and tax reporting that varies by country
More head-to-heads
Scores and facts come from our own reviews as of September 2026 and follow one published methodology. Plain Investor has no commercial relationship with either broker. This is general education, not personal financial advice. Fees, features and regulation change, so confirm current terms with each broker before opening an account.