PSD2
Payment Services Directive 2 (Directive 2015/2366)EU directive governing payment services and PSPs; introduced Strong Customer Authentication (SCA), open banking APIs, and consumer protections. Being superseded by PSD3/PSR.
Stocks, ETFs, savings plans,
inside your neobank.
Which EU neobanks are genuine brokers, which are limited to a short menu of ETFs, and where the fees actually land once you run a monthly plan.
01 — The table
Instruments, fees, and investor protection.
The investor-compensation cap ("InvCo" column) is separate from deposit insurance and usually much lower. €20k–€22k is the EU norm for investment firms.
| Bank | Platform | Stocks | ETFs | Fractional | Trade fee | Savings-plan min | InvCo protection |
|---|---|---|---|---|---|---|---|
| SoFi United States | in-app-broker | 8,000 | 4,000 | ✓ | $0 (self-directed); 0.25% AUM (Active) | — | €500,000 |
| Trade Republic Germany | standalone-app | 5,000 | 3,000 | ✓ | €1 per trade (savings plans free) | €1 | €20,000 |
| Rakuten Bank Japan | linked-broker | 4,000 | 500 | — | Per Rakuten Securities schedule | — | — |
| Revolut United Kingdom | in-app-broker | 2,000 | 200 | ✓ | €0.99–€2.99 per trade after free allowance | €1 | €22,000 |
| Cash App United States | in-app-broker | 2,000 | 500 | ✓ | $0 | — | €500,000 |
| Kakao Bank Korea | in-app-broker | 2,000 | 300 | ✓ | 0.015% | — | — |
| Vivid Money Germany | in-app-broker | 1,500 | 500 | ✓ | Commission-free ETFs; stocks from €0.99 | €1 | €20,000 |
| Banco Inter Brazil | in-app-broker | 1,500 | 200 | ✓ | R$0 | — | — |
| Revolut Singapore Singapore | in-app-broker | 1,500 | 200 | ✓ | Tiered | — | — |
| C6 Bank Brazil | in-app-broker | 1,200 | 150 | ✓ | R$0 | — | — |
| Nubank Brazil | in-app-broker | 800 | 80 | ✓ | R$0 | — | — |
| N26 Germany | in-app-broker | — | — | ✓ | €0.90 per trade | €1 | €20,000 |
| Wise United Kingdom | in-app-broker | — | — | — | — | — | — |
| Mercury United States | robo-advisor | — | — | — | 0.20% AUM (Treasury) | — | — |
| Mercado Pago Argentina | in-app-broker | — | — | — | 0% | — | — |
| Ualá Argentina | in-app-broker | — | — | — | 0% | — | — |
| Mashreq Neo United Arab Emirates | in-app-broker | — | — | — | Tiered | — | — |
| Kuda Nigeria | in-app-broker | — | — | — | 0% | — | — |
| Opay Nigeria | in-app-broker | — | — | — | 0% | — | — |
| Wio United Arab Emirates | in-app-broker | — | — | — | Tiered | — | — |
| Meem Saudi Arabia | in-app-broker | — | — | — | Tiered | — | — |
| Discovery Bank South Africa | in-app-broker | — | — | — | Tiered | — | — |
| ALAT by Wema Nigeria | in-app-broker | — | — | — | Tiered | — | — |
| Ally Bank United States | standalone-app | — | — | — | $0 commission | — | €500,000 |
| Brex United States | in-app-broker | — | — | — | $0 MMF | — | €500,000 |
| Nubank PJ São Paulo | in-app-broker | — | — | — | — | — | €45,000 |
| Mercado Pago Empresas São Paulo | in-app-broker | — | — | — | — | — | — |
| Banco PAN Brazil | in-app-broker | — | — | — | Tiered | — | — |
| Toss Bank South Korea | in-app-broker | — | — | — | 0% commission domestic | — | — |
| WeBank China | in-app-broker | — | — | — | Tiered | — | — |
| Zand United Arab Emirates | in-app-broker | — | — | — | Tiered | — | — |
| Nomo United Kingdom | in-app-broker | — | — | — | Tiered | — | — |
| Carbon Nigeria | in-app-broker | — | — | — | 0% MMF | — | — |
| Chipper Cash Nigeria | in-app-broker | — | — | ✓ | 0% commission | — | — |
| Sony Bank Japan | in-app-broker | — | — | — | Tiered FX spread + fund-distribution fees | — | — |
| Tiger BBP Singapore | in-app-broker | — | — | ✓ | Variable | — | — |
| bunq Netherlands | — | — | — | — | — | — | No investing |
| Qonto France | — | — | — | — | — | — | No investing |
| Monzo United Kingdom | — | — | — | — | — | — | No investing |
| Lunar Denmark | — | — | — | — | — | — | No investing |
| Starling Bank United Kingdom | — | — | — | — | — | — | No investing |
| Chime United States | — | — | — | — | — | — | No investing |
| Varo Money United States | — | — | — | — | — | — | No investing |
| GoTyme Philippines | — | — | — | — | — | — | No investing |
| Tonik Philippines | — | — | — | — | — | — | No investing |
| K Bank Korea | — | — | — | — | — | — | No investing |
| Up Bank Australia | — | — | — | — | — | — | No investing |
| Liv. United Arab Emirates | — | — | — | — | — | — | No investing |
| TymeBank South Africa | — | — | — | — | — | — | No investing |
| stc Bank Saudi Arabia | — | — | — | — | — | — | No investing |
| ila Bank Bahrain | — | — | — | — | — | — | No investing |
| Bank Zero South Africa | — | — | — | — | — | — | No investing |
| Discover Bank United States | — | — | — | — | — | — | No investing |
| Marcus by Goldman Sachs United States | — | — | — | — | — | — | No investing |
| Bluevine United States | — | — | — | — | — | — | No investing |
| Ramp New York | — | — | — | — | — | — | No investing |
| Rho New York | — | — | — | — | — | — | No investing |
| Tide London | — | — | — | — | — | — | No investing |
| Finom Amsterdam | — | — | — | — | — | — | No investing |
| Aspire Singapore | — | — | — | — | — | — | No investing |
| Airwallex Melbourne | — | — | — | — | — | — | No investing |
| Lili United States | — | — | — | — | — | — | No investing |
| Found United States | — | — | — | — | — | — | No investing |
| Novo United States | — | — | — | — | — | — | No investing |
| Relay Canada | — | — | — | — | — | — | No investing |
| Nequi Colombia | — | — | — | — | — | — | No investing |
| Klar Mexico | — | — | — | — | — | — | No investing |
| Stori Mexico | — | — | — | — | — | — | No investing |
| RappiPay Colombia | — | — | — | — | — | — | No investing |
| Bank Jago Indonesia | — | — | — | — | — | — | No investing |
| Trust Bank Singapore | — | — | — | — | — | — | No investing |
| Maya Bank Philippines | — | — | — | — | — | — | No investing |
| YAP United Arab Emirates | — | — | — | — | — | — | No investing |
| Now Money United Arab Emirates | — | — | — | — | — | — | No investing |
| M-Shwari Kenya | — | — | — | — | — | — | No investing |
| Mukuru South Africa | — | — | — | — | — | — | No investing |
| Statrys Hong Kong | — | — | — | — | — | — | No investing |
| Memo Bank Paris | — | — | — | — | — | — | No investing |
| Anna London | — | — | — | — | — | — | No investing |
| Holvi Helsinki | — | — | — | — | — | — | No investing |
| Grasshopper New York | — | — | — | — | — | — | No investing |
| BHub São Paulo | — | — | — | — | — | — | No investing |
| AngelList Stack San Francisco | — | — | — | — | — | — | No investing |
| Cora São Paulo | — | — | — | — | — | — | No investing |
| Conta Azul Joinville | — | — | — | — | — | — | No investing |
02 — What to read into it
Two fundamentally different products.
Standalone broker (Trade Republic)
A broker that became a bank. 8,000+ instruments, €1 per trade, free savings plans from €1/mo. If investing is a primary use-case, this is the obvious pick — and the €100k DGS cover on uninvested cash is a meaningful bonus.
In-app broker (Revolut, N26, Vivid)
Investing embedded in a current account. Narrower instrument universe, usually higher per-trade cost, but a single-app experience. Fine for periodic rebalancing; suboptimal for active trading. Watch the investor-compensation cap — it's often well below €100k.
Regulatory landscape · EU
The EU rules behind EU investment accounts.
Every neobank in this ranking is regulated under one of these five EU frameworks. Cards link directly to the EUR-Lex / Commission source text.
PSD3
Third Payment Services Directive (provisional agreement)Successor framework to PSD2. EU Parliament and Council reached provisional political agreement 27 November 2025. Extends Verification of Payee (VoP) to all credit transfers; mandates fraud-data sharing between PSPs.
DORA
Digital Operational Resilience Act (Regulation (EU) 2022/2554)ICT risk-management and incident-reporting framework for EU financial entities. In force since 17 January 2025.
AMLR / AMLD6
EU Anti-Money-Laundering Package: AML Regulation + 6th AML Directive + AMLASingle AML rulebook + EU AML Authority (AMLA, HQ Frankfurt, operational 2025). 6th AML Directive transposed 2025–2027; AMLR directly applicable from July 2027.
MiCAR
Markets in Crypto-Assets Regulation (EU) 2023/1114EU framework for crypto-asset issuers + CASPs. The transitional 'grandfathering' period for providers operating under prior national regimes expires 1 July 2026; after that date a provider without a MiCA CASP authorisation must stop offering crypto services to EU customers. Required for any neobank offering crypto trading (Revolut, Vivid Money, Lunar, Bitpanda).