DEGIRO, Interactive Brokers and Trade Republic are the three most widely used brokers by Spanish investors in 2026. Each has a distinct profile: DEGIRO for active trading with low commissions, Interactive Brokers for full global market access, Trade Republic for passive investing with an integrated savings account.
Quick comparison
| Feature | DEGIRO | Interactive Brokers | Trade Republic |
|---|---|---|---|
| European ETFs | €2 + 0.02% | 0.05% (min €1.25) | €1 flat |
| US stocks | €2 + 0.02% | €0 (Lite) | €1 flat |
| Cash savings rate | 0% | ~2.40% | 2.02% APY |
| Regulation | AFM Netherlands | CBI Ireland / FCA | BaFin Germany |
FAQ
Which has the lowest fees: DEGIRO, Interactive Brokers or Trade Republic?
For US ETFs: IBKR Lite is free. For European ETFs: Trade Republic charges €1 flat (cheaper for large trades), DEGIRO charges €2+0.02% (better for medium trades). For high-frequency traders, IBKR Pro is cheapest overall.
Which broker has the best cash savings rate?
DEGIRO pays 0% on cash. Trade Republic pays 2.02% APY. Interactive Brokers pays ~2.40% with a more complex structure. For the best cash returns, also consider Scalable Capital (2.50%) or Revolut (2.27%).