Bester Neobroker reveals which online broker offers the best fees, features, and services for investors
Video: Bester Neobroker 2026? Trade Republic vs Scalable vs Trading 212 (+ zero & Smartbroker+)
Finding the bester neobroker means identifying which online broker delivers the most cost-effective trades, top-notch features, and suits your investor profile best. This comparison covers Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+, evaluating their fees, savings plans, interest rates, trading venues, and crypto offerings. For a detailed comparison and registration bonus offers, visit best online brokers comparison.
Order Fees and Trading Costs
The foundation of choosing a neobroker lies in understanding order fees. This comparison looks specifically at the costs for 200€ and 1000€ orders across all five brokers:
- Trade Republic: Offers zero commission on basic orders but charges a fixed fee of 1€ per trade, which applies equally to small and large orders.
- Scalable Capital: Uses a subscription model; the free plan charges 0.99€ per trade, while the premium plan allows unlimited trades for a flat monthly fee.
- Trading 212: Provides commission-free trading on stocks and ETFs, with no minimum order size fees.
- finanzen.net zero: Also offers commission-free trades but applies small surcharges on certain order types.
- Smartbroker+: Charges 0€ for trades on selected trading venues, with fees applying to others.
Notably, some brokers impose small order surcharges, affecting investors making frequent small trades. Trading 212 and Trade Republic stand out for completely waiving these fees, making them ideal for small investors.
Savings Plans and Additional Features
Savings plans are essential for long-term investors seeking regular investments in ETFs or stocks. Here’s how the brokers compare:
- Trade Republic leads with the largest selection of over 1,500 ETF savings plans, many available commission-free.
- Scalable Capital offers a broad range with flexible subscription options, including the 'Prime Broker' plan that unlocks unlimited savings plan orders.
- Trading 212 provides an innovative feature called "Pies," which allows investors to create customized portfolios that automatically rebalance.
- finanzen.net zero supports a good number of savings plans but fewer than Trade Republic.
- Smartbroker+ offers standard savings plans with some fees depending on the plan.
Saveback programs, where brokers offer cashback or rewards on savings plan investments, are increasingly popular and available at some brokers like Trade Republic and Scalable Capital.
Interest Rates on Cash Balances
Interest on cash deposits is a growing factor for investors holding uninvested funds. Since the PFOF ban in July 2026, brokers have adjusted their interest policies:
- Scalable Capital offers some of the highest interest rates on cash, but only if the funds are kept within partner accounts or specific cash accounts.
- Trading 212 and Trade Republic provide moderate interest rates, generally applied to cash held in custody accounts.
- finanzen.net zero and Smartbroker+ offer minimal or no interest on cash balances.
Understanding where your cash sits and how interest is accrued is crucial for maximizing returns on idle funds.
Trading Venues and the Impact of the PFOF Ban
The prohibition of payment for order flow (PFOF) since July 2026 has reshaped how brokers route orders and where trades execute:
- Brokers like Trade Republic and Scalable Capital have shifted to transparent trading venues such as Xetra and other regulated exchanges.
- This change affects price execution quality and sometimes slightly higher fees, but it improves market fairness.
- Trading 212 adapts by routing orders to multiple venues to optimize execution but no longer benefits from PFOF revenues.
Investors should verify if their broker offers genuine Xetra prices and transparent order routing.
Cryptocurrency Offerings
Cryptocurrency trading is a growing service among neobrokers:
- Trading 212 and Trade Republic provide access to real cryptocurrencies with custody services.
- Scalable Capital currently offers crypto derivatives rather than direct crypto ownership.
- finanzen.net zero and Smartbroker+ have limited or no crypto offerings.
Investors interested in crypto should consider custody safety, fees, and the range of available coins.
Security and Tax Considerations
All brokers comply with German regulatory standards, ensuring a high level of investor protection. Tax reporting services vary:
- Brokers like Trade Republic provide comprehensive tax documents, including automatic withholding tax deductions.
- Scalable Capital and others offer tools to help investors manage tax declarations but may require more manual input.
Security of funds is guaranteed through segregation of client assets and deposit insurance schemes.
Which Neobroker Fits Your Profile?
- For low fees and extensive ETF savings plans, Trade Republic is a solid choice.
- If you prefer subscription plans and high interest on cash, Scalable Capital suits well.
- Beginners and crypto enthusiasts may lean toward Trading 212 for its commission-free trading and crypto access.
- finanzen.net zero and Smartbroker+ serve niche users looking for specific savings plans or trading venues.
Useful Links
- Comprehensive broker comparison and registration bonus: https://geldaura.com/vergleiche/beste-online-broker-2026/
- More independent financial and broker tests: https://geldaura.com/
Conclusion
Choosing the bester neobroker depends on your trading frequency, investment goals, and preferences for features like savings plans, interest on cash, and crypto access. Trade Republic, Scalable Capital, and Trading 212 each excel in different categories, with finanzen.net zero and Smartbroker+ catering to specific user needs. The PFOF ban has led to more transparent pricing and trading venues, affecting fees and execution. This analysis by the channel Geldaura provides a clear, updated view to help investors make informed choices. Visit their detailed comparison page to find the best fit for your portfolio and take advantage of current offers.
Key takeaways
- Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+ compared
- PFOF ban since July 2026 changed fees and trading venues
- Order fees analyzed for 200€ and 1000€ trades
- Highest interest rates on cash deposits detailed
- Krypto offerings and savings plans compared
Source: Bester Neobroker 2026? Trade Republic vs Scalable vs Trading 212 (+ zero & Smartbroker+) · Markdown version
Questions & answers
What impact did the PFOF ban have on neobrokers?
The ban on payment for order flow (PFOF) since July 2026 forced neobrokers to route trades through transparent, regulated exchanges like Xetra, improving market fairness but sometimes resulting in slightly higher fees or changes in execution quality.
Which neobroker offers the most commission-free ETF savings plans?
Trade Republic leads with over 1,500 ETF savings plans, many of which are commission-free, making it an excellent choice for investors focused on regular ETF investments.
Do all neobrokers provide interest on cash balances?
No, interest on cash balances varies significantly. Scalable Capital offers some of the highest rates under certain conditions, while others like finanzen.net zero and Smartbroker+ offer minimal or no interest.
Can I trade real cryptocurrencies with all these neobrokers?
Not all. Trading 212 and Trade Republic provide access to actual cryptocurrencies with custody services, whereas Scalable Capital offers crypto derivatives. finanzen.net zero and Smartbroker+ have limited or no crypto offerings.