New PFOF Ban: What Savers Can Expect Effective Immediately

Starting July 1, 2026, the ban on payment for order flows (PFOFs) will also apply to customers of neobrokers in Germany. Under EU law, these firms will then no longer be allowed to receive payment for routing customer orders to specific trading venues or intermediaries. For users, this could mean changes to pricing models. But what do Trade Republic, Scalable, and others have to say about this? The consumer portal biallo.de surveyed the providers…