# Who is the best neobroker for investors comparing Trade Republic Scalable and Trading 212 Compare Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+ to find the best neobroker with updated fees, trading options, and features. Source: https://canlitribun930.top/who-is-the-best/ · based on the channel [Geldaura](https://www.youtube.com/channel/UCZMdEGKQGh2UFJZcNNQtFPA) · Video: [Bester Neobroker 2026? Trade Republic vs Scalable vs Trading 212 (+ zero & Smartbroker+)](https://www.youtube.com/watch?v=ELGE2jcN4RA) · 2026-10-25 ![Who is the best neobroker for investors comparing Trade Republic Scalable and Trading 212](https://canlitribun930.top/who-is-the-best/who-is-the-best.webp) ## Key takeaways - Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+ compared - PFOF ban in July 2026 changed fees and trading venues - Order fees analyzed for 200€ and 1,000€ trades - Sparplan availability and interest rates on cash compared - Real crypto offerings and tax/security reviewed ## Overview of the Best Neobrokers The best neobroker depends on your investment profile and trading preferences. This comparison covers Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+, evaluating fees, sparplans (ETF savings plans), interest on cash, trading venues after the PFOF ban, crypto offerings, and tax/security features. For detailed current conditions and registration, visit [Geldaura's best online broker comparison](https://geldaura.com/vergleiche/beste-online-broker-2026/). ## Order Fees and Costs Order fees remain a crucial factor. After the PFOF (payment for order flow) ban in July 2026, brokers adjusted their fee structures: 1. **Trade Republic**: Charges a flat €1 per trade, with no additional fees for small orders. 2. **Scalable Capital**: Offers different plans; free trading under a subscription but small order surcharges may apply without subscription. 3. **Trading 212**: Zero commission on trades but may have limitations on certain order sizes. 4. **finanzen.net zero**: Low fees with no small order surcharges. 5. **Smartbroker+**: Competitive fees but may charge depending on the trading venue. Small order surcharges have been eliminated mostly by Trade Republic and finanzen.net zero, benefiting investors with small, frequent trades. ## Sparplans and Investment Options ETF savings plans (Sparpläne) vary significantly: - **Scalable Capital** offers the largest range of sparplans, including fractional shares and thematic ETFs. - **Trade Republic** also provides a broad selection, especially for popular ETFs. - **Trading 212** is known for flexible pies and saveback features, allowing investors to automate and optimize their savings. - **finanzen.net zero** and **Smartbroker+** offer fewer sparplans but competitive conditions. Fractional investing and saveback programs help small investors build diversified portfolios affordably. ## Interest Rates on Cash Balances Interest rates on uninvested cash are an often overlooked feature: - **Trade Republic** and **Scalable Capital** pay the highest interest rates but require certain conditions like minimum balances or specific deposit accounts. - **Trading 212** offers moderate interest but with fewer requirements. - **finanzen.net zero** and **Smartbroker+** provide minimal or no interest. Investors holding large cash positions should consider these differences. ## Trading Venues and Impact of the PFOF Ban The ban on payment for order flow (PFOF) in July 2026 has restructured trading venues: - Brokers now prioritize transparent execution on regulated exchanges like Xetra. - **Trade Republic** and **Smartbroker+** shifted most orders to Xetra, ensuring price transparency. - **Scalable Capital** offers multi-venue access but fees may vary. - **Trading 212** focuses on international markets but adapts to local regulations. This change improves price fairness but may affect execution speed and costs. ## Crypto Offerings Not all neobrokers provide genuine cryptocurrencies: - **Trading 212** and **Scalable Capital** offer a range of real crypto assets with custody. - **Trade Republic** also offers major cryptos but with limited trading hours. - **finanzen.net zero** and **Smartbroker+** currently do not provide crypto trading. Investors interested in cryptocurrencies should evaluate custody, fees, and available coins. ## Taxation and Security All brokers comply with German regulations for tax reporting and client asset protection: - Automated tax statements are standard. - Deposits are protected up to statutory limits. - Security protocols include two-factor authentication and data encryption. Choosing a broker with transparent tax handling simplifies annual declarations. ## Which Neobroker Fits Your Profile? - For cost-conscious beginners with small trades, **Trade Republic** and **finanzen.net zero** excel. - For advanced investors seeking broad ETF sparplans, **Scalable Capital** is recommended. - For those wanting crypto and flexible pies, **Trading 212** stands out. - **Smartbroker+** suits investors looking for multi-venue access and traditional broker features. ## Common Questions and Concerns Some investors wonder about hidden fees, tax handling, and order execution quality. Others ask which broker best suits passive investing or crypto exposure. These topics are addressed below. ## Useful Links - Best online brokers comparison and registration: https://geldaura.com/vergleiche/beste-online-broker-2026/ - Independent financial and broker tests: https://geldaura.com/ ## Summary Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+ each bring unique strengths post-PFOF ban. Trade Republic and finanzen.net zero lead in low fees and small order friendliness. Scalable Capital excels in ETF sparplans and interest rates. Trading 212 is the choice for crypto and flexible investing. Smartbroker+ combines multi-venue access with traditional features. This analysis by the Geldaura channel helps investors pick the right neobroker for their goals and trading style. Check full details and current offers at [Geldaura's broker comparison](https://geldaura.com/vergleiche/beste-online-broker-2026/). ## Questions & answers **What impact did the PFOF ban have on neobrokers?** The ban on payment for order flow (PFOF) in July 2026 led neobrokers to prioritize transparent trading venues like Xetra, improving price fairness but sometimes affecting execution costs and speed. **Which neobroker offers the most ETF savings plans?** Scalable Capital offers the largest variety of ETF savings plans (Sparpläne), including fractional shares and thematic ETFs, making it attractive for diversified long-term investors. **Are there neobrokers that pay interest on cash balances?** Yes, Trade Republic and Scalable Capital provide some of the highest interest rates on uninvested cash, typically requiring minimum balances or specific account conditions. **Which neobroker is best for crypto investors?** Trading 212 and Scalable Capital offer real cryptocurrency trading with custody services, while Trade Republic offers a limited selection. finanzen.net zero and Smartbroker+ do not currently provide crypto trading.