Trade Republic vs Wise.
Trade Republic (T81/100) and Wise (W68/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. A close tie.
| T Trade Republic №05 · BaFin 81 /100 | W Wise №42 · FCA 68 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 81 /100 | 68 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 /mo |
| 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 BaFin | E-money inst. FCA |
| Deposit guarantee Per depositor | €100,000 EU.DGS.DE | Safeguarded GB.FSCS |
| Reach | ||
| Markets served Licensed jurisdictions | 17 countries | 160 countries |
| Crypto Coins available | 50 coins | No |
| Stocks & ETFs Self-directed | Yes | Yes |
| UX | ||
| Trustpilot Customer score | 3.3 ★ 28k reviews | 4.3 ★ 220k reviews |
| App store iOS + Android avg | 4.4 ★ iOS 4.8 · And 4.1 | 4.5 ★ iOS 4.7 · And 4.2 |
| 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 Wise if…
Pick if FX and multi-currency receiving accounts dominate your usage — not for stocks or crypto.
- Best for fees Wise won 1 of 4
- Best for protection Trade Republic won 2 of 2
- Best for reach Tied
- Best for ux Wise won 2 of 2
Trade Republic vs Wise — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Trade Republic better than Wise?
Trade Republic and Wise are tied 4–4 across 12 dimensions under our v3 methodology. Composite scores: Trade Republic 81/100 vs Wise 68/100. The right pick depends on which dimension you weight most heavily.
Is Trade Republic or Wise cheaper?
Monthly fee — Trade Republic: €0; Wise: €0. Card FX markup — Trade Republic: Interbank; Wise: Interbank. Wise 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, Trade Republic or Wise?
Trade Republic holds a Full bank licence under BaFin; deposit guarantee per depositor: €100,000. Wise holds a E-money inst. licence under FCA; deposit guarantee per depositor: Safeguarded. Trade Republic is the stronger pick on regulatory protection.
Where can I use Trade Republic and Wise?
Trade Republic operates in 17 countries; Wise operates in 160 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.