Trade Republic Review 2022

Summary

 

Trade Republic is a German broker and securities trading bank founded in 2015 and regulated by the Federal Bank of Germany and the country's Federal Financial Supervisory Authority (BaFin). The company is currently present in six European countries: Germany, France, Italy, Spain, the Netherlands and Austria.

We recommend Trade Republic for investors and traders looking for a simple, easy-to-use platform to trade stocks and ETFs or who want to start a savings plan. It is also a good option for beginners, although the lack of proper customer service is a big drawback.

Trade Republic offers commission-free investing in equities, ETFs, derivatives and cryptos as well as free ETF and fractional stock savings plans, not only on EU but also international markets (US, Asia) as well.

Trade Republic launched its dedicated web platform in September 2021. Previously, it only provided a mobile trading app.

Learn more on the broker's website

Trade Republic pros and cons
Pros Cons
• Banking license • Flat external fee of €1,
only first deposit is free
• Top-tier regulation • Only email customer service
• No minimum deposit • No demo account
Trade Republic main features and highlights
🗺️ Country of regulation Germany
🛍️ Products offered Stocks, ETFs, Derivatives, Crypto (only in Germany)
💰 Stock trading fees class Low
💰 Inactivity fee charged No
💰 Withdrawal fee charged No
💰 Minimum deposit 0
💳 Depositing with bank card Available
👛 Depositing with electronic wallets Available
📱 Platforms provided Web, mobile
🎮 Demo account provided No
📞 Customer service channels Email

Trade Republic review
Fees and costs

  • Trade Republic offers commission-free trading.
  • However, when placing an order, there is a €1 per order external fee to cover clearing and settlement.
  • The first deposit is free for new customers.
  • All subsequent deposits carry a 0.7% charge. You can make a deposit in your Trade Republic cash account through a SEPA transfer or by credit card and mobile wallet.

 

At Trade Republic, spreads are tied to the XETRA reference market, where applicable. This means that the orders of Trade Republic customers (within XETRA trading hours) are executed at spreads that are at least as good as if they were traded directly at XETRA. The trades themselves are executed via Lang & Schwarz Exchange, an electronic trading system operated at the Hamburg Stock Exchange.

Trade Republic review
Customer service

The customer service experience at Trade Republic is poor. The broker doesn’t offer phone support or live chat for its customers – you can reach them only through email.

 

Trade Republic review
Background and safety

Trade Republic has a banking license, and is regulated by the Federal Bank of Germany and the top-tier German regulator BaFin. The company was founded in 2015 – the longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises.

Its investors include various venture capital funds, such as Accel, Creandum, Founders Fund, Sequoia and Thrive Capital.

All deposits are protected up to €100,000 per investor. They are held in a trust collective account with Solarisbank AG in Berlin.

Trade Republic investor protection
Country of clients Protection amount Regulator
EU €100,000 Federal Financial Supervisory Authority (BaFin)

Trade Republic review
Explore Trade Republic alternatives

Not convinced if Trade Republic is the right choice for you? Take a look at our list of the best stock brokers in Europe or browse our top picks for stock brokers globally.

If you want to start your search from scratch, use our proprietary broker finder tool for a tailored recommendation.

Author of this article

Gabi Lovas

Author of this article

Gabi is a former Financial Analyst and Content Editor for BrokerChooser. Previously, she was a European equity reporter at Bloomberg covering European health care and chemical stocks as well as US futures. Gabi has a Master's degree in Economics and is a stock and crypto investor on her own account. She is also a member of an investment club in Barcelona.

Gabi Lovas

Gabi is a former Financial Analyst and Content Editor for BrokerChooser. Previously, she was a European equity reporter at Bloomberg covering European health care and chemical stocks as well as US futures. Gabi has a Master's degree in Economics and is a stock and crypto investor on her own account. She is also a member of an investment club in Barcelona.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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