Trade Republic vs Monzo.
Trade Republic (T81/100) and Monzo (M78/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Trade Republic leads Monzo 6-1.
| M Monzo №08 · Central Bank of Ireland 78 /100 | T Trade Republic №05 · BaFin 81 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 78 /100 | 81 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | €200 /mo | — |
| Protection | ||
| Banking licence Tier | Full bank Central Bank of Ireland | Full bank BaFin |
| Deposit guarantee Per depositor | €100,000 EU.DGS.IE | €100,000 EU.DGS.DE |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 17 countries |
| Crypto Coins available | No | 50 coins |
| Stocks & ETFs Self-directed | No | Yes |
| UX | ||
| Trustpilot Customer score | — | 3.3 ★ 28k reviews |
| App store iOS + Android avg | — | 4.4 ★ iOS 4.8 · And 4.1 |
| Read review → | Read review → | |
Pick Monzo if…
Pick if you bank in the UK or Ireland and value the best budgeting tools in the category.
Pick Trade Republic if…
Pick if you want the cheapest brokerage in Europe (€1/trade) and the highest interest on idle cash. Not a primary current account.
- Best for fees Monzo won 1 of 4
- Best for protection Tied
- Best for reach Trade Republic won 3 of 3
- Best for ux Trade Republic won 2 of 2
Trade Republic vs Monzo — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Monzo better than Trade Republic?
Under our v3 methodology, Trade Republic leads Monzo 6–1 across 12 dimensions. Composite scores: Monzo 78/100 vs Trade Republic 81/100. Trade Republic is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Monzo or Trade Republic cheaper?
Monthly fee — Monzo: €0; Trade Republic: €0. Card FX markup — Monzo: Interbank; Trade Republic: Interbank. Monzo wins more fee rows (1 of 4). See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Monzo or Trade Republic?
Monzo holds a Full bank licence under Central Bank of Ireland; deposit guarantee per depositor: €100,000. Trade Republic holds a Full bank licence under BaFin; deposit guarantee per depositor: €100,000. Both score equally on regulatory protection rows.
Where can I use Monzo and Trade Republic?
Monzo operates in 2 countries; Trade Republic operates in 17 countries. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
The dynamic compare picker handles up to four banks. Add this pair plus one or two more and we'll resolve every row.