Review Trade Republic
Founded in 2015 and regulated by the Federal Bank of Germany and the country’s Federal Financial Supervisory Authority (BaFin), Trade Republic is a German broker and securities trading bank with a presence in six European countries: Germany, the Netherlands, France, Italy, Spain, and Austria.
Trade Republic is ideal for investors and traders looking for an easy-to-use, simple platform to trade stocks and other investment securities or who want to start a savings plan.
While customer service needs improvement, the broker is also a good option for beginners.
In September 2021, Trade Republic launched its dedicated web platform, offering commission-free investing in equities, ETFs, derivatives, and cryptos. ETFs and fractional stock savings plans are also available in the EU and international markets.
Pros
- Holds a banking license
- Has no minimum deposit
- No commission on ETFs and low fees on stock trades
Cons
- Only the first deposit is free, following which flat external fees of €1 apply
- Customer service is limited
- Demo account is unavailable
Review’s Keypoints
Country of regulation
Germany
Minimum deposit
€0
Time to open an account
1 day
Trading fees class
Low
Deposit with bank card
Not available
Number of base currencies supported
1
Products offered
ETFs
Stocks
Bonds
Crypto
Derivatives
Depositing with electronic wallet
Not available
Demo account provided
Not available
Fees
Trade Republic offers zero commissions on ETF trades and minimal fees for stock transactions. The broker does not charge for account maintenance, inactivity, custody, or withdrawals. However, a currency conversion fee applies and varies depending on the currency. In comparison with similar brokers like Lightyear and Revolut, Trade Republic remains competitive in its fee structure. For a more detailed comparison of Trade Republic with its alternatives, you can review the specific differences in their fee schedules and offerings.
Pros
- No inactivity fees
- Competitive fees
- Transparent fees
Cons
- Conversion fees
Trade Republic Costs
- ***1000 in EUR or USD for the stocks transaction
- ***Price per contract for Options & Futures
Account
To open a Trade Republic account, download their mobile app, enter your personal details, and verify your identity with a valid ID. The process takes under 10 minutes, but can only be done through the app, which might be inconvenient for some users.
Standard Brokerage Account
Standard Brokerage Account
A standard Trade Republic account is opened via their mobile app with no minimum deposit. It offers trading in stocks, ETFs, bonds, cryptocurrencies, and derivatives, with a €1 external fee per trade and interest on uninvested cash balances
Joint Account
Joint Account
Corporate Account
Corporate Account
Click on the card to see details
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01Register your details through the App
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02Verify your identity
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03Complete the questionnaire
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04Agree to terms and conditions
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05Link your bank account
Deposits and Withdrawals
Trade Republic supports deposits and withdrawals exclusively through bank transfers. This method ensures secure and straightforward transactions. While there are no fees for making deposits or withdrawals, the platform does not support payments via bank cards or electronic wallets. Deposits typically take a few business days to process, while withdrawals are also processed promptly, ensuring easy access to your funds when needed.
Pros
- No fees for deposit
- No fees for withdrawals
- Promtly withdrawals
Cons
- One based currency
- The first deposit is free; subsequent trades incur a flat external fee.
Trading Platforms
Web Trading Platform
Trade Republic's web trading platform provides a user-friendly and secure experience. Featuring two-step verification, it requires an additional identity confirmation method, such as a mobile code, to protect user accounts. This robust security measure ensures safe and easy access for all investors.
Mobile Trading Platform
Trade Republic's mobile platform offers a secure and intuitive experience for investors. It features two-step verification, requiring an additional identity confirmation method, such as a mobile code, to protect user accounts. This enhanced security measure ensures that investors can manage their investments safely and conveniently from their mobile devices.
Desktop Trading Platform
Offering
Tools
Price Alerts
Set notifications for specific price changes on stocks and other securities.
Stop and Limit Orders
Place orders to buy or sell once the price reaches a certain level, helping manage risk and automate trading strategies.
Portfolio Analysis
Tools to analyze and track portfolio performance, providing insights into asset allocation and returns.
Real-Time Market Data
Access to up-to-date market information and prices.
Dividend Calendar
Keep track of upcoming dividend payments from investments.
Research and News
Access to market news and analysis to stay informed about market trends and events.
Regulation
Trade Republic is regulated by the German Federal Financial Supervisory Authority (BaFin) and the Bundesbank, ensuring high standards of security and reliability. This regulatory oversight provides investors with confidence that their funds are protected and that the platform operates in accordance with stringent financial regulations. The broker’s adherence to these regulatory frameworks underscores its commitment to maintaining a secure and transparent trading environment.
Bottom Line
Trade Republic is an excellent choice for long-term investors seeking low-cost trading with no commission fees on ETFs and minimal stock trading fees. The platform’s user-friendly app and secure, regulated environment add to its appeal. However, its limited range of derivative products, basic charting tools, and reliance on bank transfers for deposits and withdrawals may not suit active traders or those preferring more advanced trading features.
