𝐓𝐫𝐚𝐝𝐞 𝐑𝐞𝐩𝐮𝐛𝐥𝐢𝐜 𝐯𝐬. 𝐒𝐜𝐚𝐥𝐚𝐛𝐥𝐞 𝐂𝐚𝐩𝐢𝐭𝐚𝐥

Update

The offers are becoming more and more equal. Meanwhile, the Vanguard ETF can also be traded at TR and SC also offers instant deposits.

Original post:

Again and again the question is asked here whether Trade Republic (TR) or Scalable Capital (SC) would be the better choice or one should simply take both. I therefore thought to myself, ass I thought, machste times n contribution to it. Of course, you could also just google and pull one of the 2,682,628 comparison sites. But these sites are by far not as reputable as I am. Also, they don't know the GetQuin community and accordingly don't address your pressing questions such as "Can I trade the Vanguard All World ETF via TR?" (Spoiler: No, you can't!) or "Why does it take so long to get my money on Scalable? Can't it be done faster?" (Spoiler: Yes, with TR!). But let's start with the basics and the conclusion, for those who are too lazy to read the whole post.

𝐊𝐚𝐧𝐧𝐬𝐭 𝐝𝐮 𝐝𝐚𝐬 𝐖𝐢𝐜𝐡𝐭𝐢𝐠𝐬𝐭𝐞 𝐤𝐮𝐫𝐳 𝐮𝐧𝐝 𝐤𝐧𝐚𝐩𝐩 𝐳𝐮𝐬𝐚𝐦𝐦𝐞𝐧𝐟𝐚𝐬𝐬𝐞𝐧 (𝐅𝐚𝐳𝐢𝐭 / 𝐭𝐥;𝐝𝐫)?

Both platforms do not take much from each other. Savings plans on stocks and ETF are flexible and free with both providers, but I would not recommend trading cryptocurrencies through either TR or SC. For many, the choice of broker should not matter unless ...

... You want to use Vanguard's ETF or are into having the widest ETF selection possible

... You are a frequent trader (4 or more trades / month outside of savings plans) and do not want to worry about order fees.

Then you are Team Scalable Capital.

... You want to have the largest possible stock selection

... You never have enough money on your clearing account, but you buy relatively spontaneously and therefore you always want to deposit money at short notice, which you want to use almost immediately...

Then you are Team Trade Republic.

If at least one point from each Team-SC and Team-TR applies to you, simply open accounts with both providers. It's free and the setup/registration process is straightforward and quick. You can also use my Ref-Links and get a gift / credit from the respective provider for active use:

Scalable Capital: https://de.scalable.capital/einladung/bmzbms

Trade Republic: https://ref.trade.re/2c832t5l

If you have any questions now, feel free to check out the rest of the facts, and I wish the rest of you good luck with your trading!

𝐖𝐚𝐬 𝐛𝐢𝐞𝐭𝐞𝐧 𝐝𝐢𝐞 𝐛𝐞𝐢𝐝𝐞𝐧 𝐏𝐥𝐚𝐭𝐭𝐟𝐨𝐫𝐦𝐞𝐧?

Both platforms allow you to invest in stocks (TR: 7,500, SC: 6,000), ETF (TR: 1,500, SC: 1,900), crypto (TR: > 50, SC: > 10), and derivatives (TR: 300,000 from HSBC, Citi, and Société Générale, SC: 375,000 from Goldman Sachs, HSBC, and UniCredit). Shares, ETF and crypto can be conveniently deposited as a savings plan. The derivatives offering at SC and TR consists of warrants, knock-out products and factor certificates on indices, individual stocks, currencies and commodities. In addition, SC also offers a Robo Advisor.

TR uses Lang & Schwarz as its trading venue, while SC uses Gettex. For an additional fee, SC also offers trading via Xetra.

𝐖𝐞𝐥𝐜𝐡𝐞 𝐊𝐨𝐬𝐭𝐞𝐧 𝐞𝐧𝐭𝐬𝐭𝐞𝐡𝐞𝐧?

There is no monthly fee at TR, ETF and stock savings plans are free of charge. Trades outside of savings plans cost 1 euro. Both custody and clearing account management are free of charge. The same applies to ETF and share distributions. Depositing money into the clearing account is free of charge via bank transfer, when depositing via credit card or Google / Apple Pay, fees of 0.7% apply (plus credit card costs, if applicable).

At SC, in addition to the free variant, there is also the Prime Broker, which saves order fees for a monthly (4.99 euros / month) or annual (2.99 / month) fee. With all variants, ETF and share savings plans are executed free of charge. Purchases outside the savings plans cost 0.99 euros fee in all variants up to 250 euros order volume. Prime Broker customers are waived the order fees from an order volume of 250 euros, provided that orders are placed via the Munich stock exchange Gettex. So-called "Prime ETF" can also be traded free of charge from an order volume of 250 euros without a paid subscription. Currently, the providers Invesco, iShares and Xtrackers are Prime partners and offer Prime ETF on SC.

If one would like to use Xetra as a trading venue instead, an order fee of 3.99 euros and a trading venue fee of 0.01% (min. 1.50 euros) apply. SC also offers free of charge custody and settlement accounts. ETF and share distributions are also free of charge. SC only offers deposit via bank transfer or direct debit and does not charge a fee for this.

𝐖𝐞𝐥𝐜𝐡𝐞 𝐌ö𝐠𝐥𝐢𝐜𝐡𝐤𝐞𝐢𝐭𝐞𝐧 𝐳𝐮𝐫 𝐄𝐢𝐧𝐫𝐢𝐜𝐡𝐭𝐮𝐧𝐠 𝐞𝐢𝐧𝐞𝐬 𝐒𝐩𝐚𝐫𝐩𝐥𝐚𝐧𝐬 𝐠𝐢𝐛𝐭 𝐞𝐬?

With TR, I can choose the savings plan interval between 2x a month, 1x a month and 1x a quarter, and decide in each case whether the plan should be executed at the beginning or in the middle of the month. The amount is freely selectable, but must be between 10 and 10,000 euros.

With SC I have the choice between monthly, bi-monthly and quarterly execution. 2x a month, as it is possible with TR, I can not execute the savings plan with SC. Instead, I can set the time of the savings plan execution more flexibly. This is possible starting from the 1st of a month in 3-day steps until the 25th of a month. The amount can also be freely selected with SC, but must be between 1 and 5,000 euros.

There are differences in the collection procedure. TR expects that there are sufficient funds on your clearing account with TR before the savings plan is executed. If this is not the case, the savings plan will not be executed. In this case, a standing order to the clearing account is recommended.

At SC, you can choose between direct debit and direct debit from the settlement account. If the amount is to be collected from the clearing account (credit balance), but the clearing account does not have sufficient funds, SC automatically initiates a collection via SEPA direct debit. The SC savings plan is therefore executed in any case.

𝐖𝐢𝐞 𝐬𝐢𝐞𝐡𝐭 𝐞𝐬 𝐦𝐢𝐭 𝐝𝐞𝐫 𝐀𝐤𝐭𝐢𝐞𝐧- 𝐮𝐧𝐝 𝐄𝐓𝐅-𝐀𝐮𝐬𝐰𝐚𝐡𝐥 𝐚𝐮𝐬?

At TR, about 7,500 shares can be traded - and thus about 1,500 more than it is possible at SC. On the other hand, the ETF selection at SC is convincing, with approx. 1,900 ETFs that can be traded, which is 400 more than at TR. In particular, the lack of Vanguard ETFs on TR, which are so popular with GetQuin, might annoy some users. In addition, TR also lacks some lesser-known ETF providers such as Franklin or Rize.

𝐖𝐞𝐥𝐜𝐡𝐞 𝐎𝐫𝐝𝐞𝐫𝐭𝐲𝐩𝐞𝐧 𝐰𝐞𝐫𝐝𝐞𝐧 𝐮𝐧𝐭𝐞𝐫𝐬𝐭ü𝐭𝐳𝐭?

TR and SC support market orders, limit orders, and stop orders. SC additionally supports stop limit orders.

𝐖𝐚𝐬 𝐦𝐮𝐬𝐬 𝐢𝐜𝐡 𝐛𝐞𝐢𝐦 𝐊𝐚𝐮𝐟 𝐯𝐨𝐧 𝐊𝐫𝐲𝐩𝐭𝐨𝐰ä𝐡𝐫𝐮𝐧𝐠𝐞𝐧 𝐛𝐞𝐚𝐜𝐡𝐭𝐞𝐧?

Some. In principle, I would not recommend trading cryptos through TR or SC. For choosing a suitable crypto exchange, I recommend the article by. @Europoor
https://app.getquin.com/activity/PfAxjKLYpc .

At SC, crytpo ETPs are offered for some major currencies like Bitcoin and Ethereum. So when buying through SC, you don't own coins but an ETP, which comes with additional management fees. Furthermore, there is no possibility to transfer the coins to one's own wallet or to generate returns via staking or similar.

The crypto selection at TR is significantly larger, moreover, the investment is made directly in one of the more than 50 cryptocurrencies. However, there is no option to withdraw or generate earnings via staking or similar here either. The investor has to take care of the correct taxation himself.

𝐖𝐢𝐞 𝐤𝐨𝐦𝐦𝐭 𝐦𝐞𝐢𝐧 𝐆𝐞𝐥𝐝 𝐚𝐮𝐟 𝐝𝐢𝐞 𝐏𝐥𝐚𝐭𝐭𝐟𝐨𝐫𝐦𝐞𝐧?

When things need to move quickly, TR is the platform of choice. With the option of depositing via Apple / Google Pay or credit card, the desired credit is immediately available for a fee of currently 0.7%. There is also the option of SEPA bank transfer.

SC only offers direct debit (credited after 3-4 bank working days) and bank transfer (credited after 1-2 bank working days) as deposit options. However, these are free of charge.

𝐖𝐞𝐥𝐜𝐡𝐞 𝐇𝐚𝐧𝐝𝐞𝐥𝐬𝐳𝐞𝐢𝐭𝐞𝐧 𝐛𝐢𝐞𝐭𝐞𝐧 𝐓𝐑 𝐮𝐧𝐝 𝐒𝐂?

TR offers trading of stocks and ETF during the week between 7:30 am and 11 pm, and trading of derivatives between 8 am and 10 pm. At SC, trading can be done during the week between 8 am and 10 pm via Gettex. The alternative trading venue Xetra is available between 9 am and 5:30 pm.

𝐔𝐧𝐝 𝐰𝐞𝐧𝐧 𝐦𝐚𝐧 𝐦𝐚𝐥 𝐏𝐫𝐨𝐛𝐥𝐞𝐦𝐞 𝐡𝐚𝐭?

Both TR's support and SC's support can be reached quickly and easily via their respective apps. TR offers an email contact form here, SC a chat. If you don't find a desired security in SC, you can request it directly in the app via an extra function - without contacting support. The response times are fast for both providers. The employees understand your problem, offer solutions or explain why the problem cannot be solved (and it is your own fault). I have searched in vain for goodwill, but you shouldn't expect that at these prices. The comments are based on my personal experience.

𝐖𝐚𝐬 𝐠𝐢𝐛𝐭 𝐞𝐬 𝐬𝐨𝐧𝐬𝐭 𝐧𝐨𝐜𝐡 ü𝐛𝐞𝐫 𝐝𝐢𝐞 𝐛𝐞𝐢𝐝𝐞𝐧 𝐳𝐮 𝐞𝐫𝐰ä𝐡𝐧𝐞𝐧?

SC and TR are available both as an app and through a web interface. However, TR offers you much more comprehensive information about your investments than SC - which is not difficult, since SC only shows the ISIN and WKN in addition to the chart and the name. However, I would recommend you to inform yourself thoroughly about your investments beforehand and not only use the information in TR for this purpose. But these can certainly give a first overview.

If you use SC without subscription, you can set a price alert. With subscription SC offers you as many price alarms as you want. You get this function for free with TR.

Both providers are subject to the European deposit guarantee of 100,000 euros. However, this should only be of marginal interest to you, as securities are not subject to deposit protection anyway, as they are your property. In the event of insolvency of the provider, your securities are not at risk. By the way, SC works together with Baader Bank, at Trade Republic HSBC Germany manages your securities account and Solarisbank your clearing account.

Both providers have also had their own little scandals. While TR suspended trading of meme stocks like GameStop in early 2021, SC had customer data stolen in late 2020.

𝐒𝐜𝐡𝐥𝐮𝐬𝐬𝐰𝐨𝐫𝐭

I'll update this post at irregular intervals. But feel free to let me know in the comments if anything has changed at TR or SC.

#traderepublic
#scalablecapital
#reflink
#learn
#esel