Bester Neobroker Comparison 2026 Trade Republic vs Scalable vs Trading 212 and More
Video: Bester Neobroker 2026? Trade Republic vs Scalable vs Trading 212 (+ zero & Smartbroker+)
The search for the bester Neobroker in 2026 centers on key factors like fees, available ETFs, crypto options, and the impact of the recent PFOF (Payment For Order Flow) ban that has reshaped brokerage conditions across Europe. Leading platforms—Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+—compete in these areas, each tailored to different investor profiles. For a comprehensive breakdown and direct registration, visit Geldaura’s best online brokers comparison.
Order Fees and Cost Efficiency
Order fees remain a decisive factor when choosing a neobroker. The evaluation compares what executing a 200€ and a 1,000€ order costs on each platform. Trade Republic and Scalable Capital offer some of the lowest flat fees, typically around 1€ per trade or less. Trading 212 has a competitive zero-commission model for stocks but may impose fees on certain order types or markets. finanzen.net zero and Smartbroker+ have introduced small surcharges for small orders, affecting investors who trade frequently with low volumes.
The PFOF ban implemented in July 2026 eliminated additional revenue channels for brokers, pushing some to adjust fees or trading conditions. Importantly, some brokers have waived Kleinorder (small order) surcharges, appealing to users with small, frequent trades.
ETF Sparplans and Investment Flexibility
ETF Sparplans (savings plans) are crucial for long-term investors. Scalable Capital leads with the broadest range of ETF sparplans, including zero-commission options and innovative features like Saveback, which offers cashback on ETF investments. Trade Republic follows closely with a solid ETF sparplan offering and a user-friendly app interface.
Trading 212 incorporates a unique “Pies” feature allowing investors to create fractional, diversified portfolios automatically rebalanced over time. finanzen.net zero and Smartbroker+ provide competitive ETF selections but with fewer zero-commission sparplans.
Interest on Cash Balances
Interest rates on uninvested cash vary widely among these neobrokers. Scalable Capital and Smartbroker+ offer some of the highest interest rates if the cash is held in specific accounts, rewarding investors who maintain liquidity. Trade Republic offers moderate interest but only on cash deposited in their affiliated accounts. Trading 212 currently does not provide interest on cash balances, which may be a drawback for investors holding large uninvested sums.
Trading Venues and Impact of the PFOF Ban
The ban on Payment For Order Flow (PFOF) since July 2026 has shifted brokers' focus to transparent trading venues and Xetra prices. Trade Republic, Scalable Capital, and Smartbroker+ now execute more orders directly on regulated venues rather than relying on payment-based order routing.
This change benefits investors by ensuring fairer prices and reducing conflicts of interest. Trading 212 has adapted by integrating multiple trading venues but remains cautious about costs. finanzen.net zero emphasizes Xetra pricing but imposes some small order fees to offset venue costs.
Cryptocurrency Offerings
Crypto trading is expanding in the neobroker landscape. Trading 212 and Trade Republic offer genuine cryptocurrency trading, with access to popular coins like Bitcoin and Ethereum. Scalable Capital and Smartbroker+ are more conservative, providing crypto-related ETFs or limited crypto exposure. finanzen.net zero has not yet fully integrated crypto services.
Investors interested in direct crypto exposure should consider platforms with real crypto wallets and transparent trading conditions.
Security and Taxation
All evaluated neobrokers comply with strict EU regulations, offering investor protection and segregated client accounts. Tax reporting features are integrated to simplify annual filings. Trade Republic and Scalable Capital provide automated tax statements and support withholding tax handling.
Which Neobroker Fits Your Profile
- Cost-conscious investors with frequent small trades: Trade Republic or Scalable Capital due to low fees and no Kleinorder surcharges.
- Long-term ETF savers: Scalable Capital with extensive sparplans and cashback Saveback.
- Crypto enthusiasts: Trading 212 and Trade Republic for real crypto trading.
- Cash holders seeking interest: Smartbroker+ and Scalable Capital offer the best rates.
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Conclusion
The neobroker landscape in 2026 is dynamic, especially following the PFOF ban that affected fee structures and trading venues. Trade Republic, Scalable Capital, and Trading 212 remain frontrunners, each with unique strengths in fees, ETF sparplans, or crypto offerings. finanzen.net zero and Smartbroker+ provide viable alternatives with competitive products. Investors should match their trading style and priorities to the broker’s features.
For a detailed, independent comparison and the latest updates, rely on the comprehensive analysis by the Geldaura channel and website. Visit Geldaura’s best online brokers comparison to choose the broker that best fits your investment profile.
Key takeaways
- PFOF ban since July 2026 changed fees and trading venues
- Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, Smartbroker+ evaluated
- Order fees for 200€ and 1000€ orders compared across brokers
- Sparplan availability and features like Saveback and Pies analyzed
- Interest rates on cash holdings and crypto offerings reviewed
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 neobroker fees and trading?
The Payment For Order Flow (PFOF) ban in July 2026 ended brokers' ability to receive payments for order routing. This led to more transparent trading venues and sometimes increased fees or surcharges on small orders for some brokers, while others waived these fees to attract users.
Which neobroker offers the broadest ETF savings plans?
Scalable Capital offers the widest range of ETF sparplans, including many zero-commission options and additional features like Saveback cashback on investments.
How do neobrokers differ in their cryptocurrency services?
Trading 212 and Trade Republic provide direct cryptocurrency trading with real wallets, while Scalable Capital and Smartbroker+ focus more on crypto-related ETFs or limited exposure. finanzen.net zero currently lacks full crypto services.
Are there interest payments on cash balances with these neobrokers?
Yes, Scalable Capital and Smartbroker+ offer the highest interest rates on cash if held in certain accounts. Trade Republic offers moderate interest, while Trading 212 does not pay interest on cash balances.