Varo Money vs Trade Republic.
Varo Money (V82/100) and Trade Republic (T81/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. Varo Money leads Trade Republic 4-3.
| T Trade Republic №05 · BaFin 81 /100 | V Varo Money №04 · OCC 82 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 81 /100 | 82 /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 | — | — |
| Protection | ||
| Banking licence Tier | Full bank BaFin | Full bank OCC |
| Deposit guarantee Per depositor | €100,000 EU.DGS.DE | $250,000 US.FDIC |
| Reach | ||
| Markets served Licensed jurisdictions | 17 countries | 1 country |
| Crypto Coins available | 50 coins | No |
| Stocks & ETFs Self-directed | Yes | No |
| UX | ||
| Trustpilot Customer score | 3.3 ★ 28k reviews | 4.2 ★ 8k reviews |
| App store iOS + Android avg | 4.4 ★ iOS 4.8 · And 4.1 | 4.6 ★ iOS 4.7 · And 4.5 |
| Read review → | Read review → | |
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.
Pick Varo Money if…
First US neobank to receive an OCC national bank charter (July 2020). Direct FDIC member — your money sits at Varo Bank, N.A., not a sponsor. Headline 5.00% APY savings rate on the first $5K with direct deposit — among the highest in the US neobank market.
- Best for fees Tied
- Best for protection Varo Money won 1 of 2
- Best for reach Trade Republic won 3 of 3
- Best for ux Varo Money won 2 of 2
Varo Money vs Trade Republic — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Trade Republic better than Varo Money?
Under our v3 methodology, Varo Money leads Trade Republic 4–3 across 12 dimensions. Composite scores: Trade Republic 81/100 vs Varo Money 82/100. Varo Money is stronger overall, but the right pick depends on which row matters most to you — fees, protection, reach, or app quality.
Is Trade Republic or Varo Money cheaper?
Monthly fee — Trade Republic: €0; Varo Money: €0. Card FX markup — Trade Republic: Interbank; Varo Money: Interbank. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Trade Republic or Varo Money?
Trade Republic holds a Full bank licence under BaFin; deposit guarantee per depositor: €100,000. Varo Money holds a Full bank licence under OCC; deposit guarantee per depositor: $250,000. Varo Money is the stronger pick on regulatory protection.
Where can I use Trade Republic and Varo Money?
Trade Republic operates in 17 countries; Varo Money operates in 1 country. 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.