Bester Neobroker, Comprehensive Comparison of Top Platforms in 2026

Video: Bester Neobroker 2026? Trade Republic vs Scalable vs Trading 212 (+ zero & Smartbroker+)

Sep 28, 2026 · based on the channel Geldaura

Key takeaways

Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+ are leading neobrokers in 2026.
PFOF ban since July 2026 affected fees, trading venues, and interest rates.
Trade Republic excels in low order fees and broad Sparplan options.
Scalable Capital offers highest cash interest rates with specific conditions.
Trading 212 provides real cryptocurrency trading and no small order surcharges.

The search for the best neobroker in 2026 involves comparing key platforms like Trade Republic, Scalable Capital, Trading 212, finanzen.net zero, and Smartbroker+. Each offers distinct advantages in fees, trading venues, savings plans, interest on cash, and crypto offerings, shaped also by the PFOF (Payment for Order Flow) ban effective since July 2026. For detailed registration and bonus offers, visit the comprehensive broker comparison on GeldAura.

Order Fees and Small Order Surcharges

Order fees are crucial for cost efficiency in trading. Trade Republic remains competitive with low fees for both 200- and 1000-euro orders and completely waives small order surcharges, benefiting frequent small investors. Scalable Capital introduces small order surcharges depending on the trading venue, while Trading 212 avoids these fees entirely, making it attractive for traders placing frequent small orders. Finanzen.net zero and Smartbroker+ have varying fees and sometimes apply small order charges, so users should review their current pricing schedules.

Sparplan Options and Features

Savings plans (Sparpläne) are essential for long-term investors. Trade Republic leads with the most extensive Sparplan offering, including ETFs and stocks, combined with innovative features like Saveback (cashback on savings) and Pie investing (portfolio slices). Scalable Capital offers a solid range but fewer Sparpläne than Trade Republic. Trading 212 provides Sparplan options with flexible investment amounts but slightly fewer choices. Finanzen.net zero and Smartbroker+ support Sparpläne but lag behind in variety and advanced features.

Interest on Cash Balances

Interest rates on cash holdings have become a differentiating factor following the PFOF ban. Scalable Capital offers the highest interest rates on cash, but these rates require the funds to be held in specific accounts or conditions. Trade Republic pays moderate interest without demanding complex conditions. Trading 212 and the other brokers provide lower or no interest on cash balances, which may impact clients holding larger cash positions.

Trading Venues and Impact of PFOF Ban

The prohibition of Payment for Order Flow (PFOF) in July 2026 has reshaped broker trading venues and price executions. Trade Republic and Scalable Capital shifted to more transparent trading venues, often offering direct access to Xetra prices, which benefits investors seeking best execution. Trading 212 continues to provide access to multiple trading venues with real-time pricing. Finanzen.net zero and Smartbroker+ adjusted their order routing to comply with new regulations, sometimes changing fee structures and price guarantees.

Cryptocurrency Offerings

Crypto trading is a growing area among neobrokers. Trading 212 stands out by offering actual cryptocurrencies rather than derivatives, appealing to investors wanting real crypto exposure. Trade Republic also supports crypto trading but with a more limited selection. Scalable Capital, finanzen.net zero, and Smartbroker+ have minimal or no crypto offerings as of now.

Taxation, Security, and User Profiles

All brokers comply with German tax regulations and offer standard security measures including deposit insurance and two-factor authentication. User profiles vary: Trade Republic suits cost-conscious investors favoring extensive Sparpläne; Scalable Capital attracts clients seeking higher interest on cash and diverse trading venues; Trading 212 appeals to crypto enthusiasts and frequent traders avoiding small order fees. Finanzen.net zero and Smartbroker+ are alternatives for specific use cases but may lack in some categories.

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Conclusion

Choosing the bester neobroker depends on your trading style and priorities. Trade Republic impresses with low fees and extensive Sparplan options, Scalable Capital offers attractive interest on cash, and Trading 212 leads in crypto availability and no small order fees. The PFOF ban reshaped market dynamics, affecting fees and execution quality. This analysis is based on the detailed review by the GeldAura channel, which provides up-to-date broker comparisons and financial advice. For the latest offers and to register, visit their comprehensive broker comparison.

Questions & answers

What impact did the PFOF ban have on neobrokers in 2026?

The PFOF ban eliminated payment for order flow, leading neobrokers to adjust their trading venues and fee structures to ensure transparent order execution and often direct access to exchanges like Xetra.

Which neobroker offers the best interest rates on cash?

Scalable Capital provides the highest interest rates on cash balances, but this usually requires holding funds in specified accounts or meeting certain conditions.

Are there any fees for small orders among these neobrokers?

Trading 212 and Trade Republic do not charge small order surcharges, while others like Scalable Capital and finanzen.net zero may apply fees depending on order size and venue.

Which neobroker is best for cryptocurrency trading?

Trading 212 stands out by offering real cryptocurrencies for trading, unlike some other brokers that provide only crypto derivatives or no crypto options at all.

Source: Bester Neobroker 2026? Trade Republic vs Scalable vs Trading 212 (+ zero & Smartbroker+) · Markdown version