Trade Republic Review

Richard Montana | August 2, 2022

Trade Republic is a German securities trading bank that allows clients to build their portfolio by investing in various financial instruments and saving plans. You can choose to invest in stocks, ETFs, Crypto and derivatives or even set up a personal savings plan in a simple, quick and secure manner. It only takes a few minutes to open an account which also includes a free stock up to €200 for eligible clients. This spirit of innovation as well as true investment into the product iteration, banking infrastructure, and security define Trade Republic’s path for the future. I think Trade Republic can be a good option for Europeans who are looking for a no-nonsense approach to investing and saving in a regulated environment.

Pros & Cons
  • Modern intuitive trading platform for web and mobile
  • Large selection of 9,000+ trading assets to choose from
  • Save and invest with very competitive conditions
  • Zero commission fees
  • Market research and insights
  • Quick & easy signup process
  • No minimum deposit required
  • Excellent customer support
  • Not that many payment options
  • Limited accepted country list
  • Could add some standalone trading tools
  • No demo trading accounts

Summary

Founded in 2015, Trade Republic is a German bank that has a good range of investing and saving services for European clients. Between 2015 and 2019, the team of three — Thomas, Marco, and Christian — built the core of Trade Republic in a backyard in the heart of Berlin. I like that they are fully regulated which helps to protect clients’ money. They are transparent and open for everyone; little wonder, they are reputed for being one of the biggest brokers in Europe with over one million customers on board and about €6 billion assets under management. You will be pleased to learn that they work with premium partners including Citi, Société Générale und HSBC. I feel that this helps to guarantee the highest product quality. Over the years, the broker has bagged several industry awards in recognition of its reputable brokerage services. They offer a professional yet simple range of financial products that everybody can afford.

Savings Plans

You can try to grow your money long-term, with a large range of 4,000 savings plans to choose from. I was really impressed with the variety of plans, with something to suit different financial goals. Trade Republic savings plans make investing an automated routine. It is possible to deposit a fixed amount on a regular basis into stocks, ETFs or crypto. I like how there is no order commission for executing a savings plan. They offer fully exchange-regulated execution with no hidden fees and spread linked to XETRA as a reference market.

Investing

You can get your share of the markets by choosing to invest in a large selection of 9,000 stocks and ETFs. This is a large choice for any broker, with all of the major stocks you would expect to find. You can place an order for just €1 of external fees to cover the costs of clearing and settlement. There is no commission for executing an order which is great.

Crypto

Cryptocurrencies are becoming increasingly popular nowadays. I am seeing more and more brokers add them to their portfolio, Trade Republic being no exception. You will find popular cryptos such as Bitcoin and Ethereum, whilst they are continuously adding trending cryptos to fulfil demand. You can trade cryptocurrency 24/7 and protected with the brokers regulated offering. All crypto assets are stored in a cold wallet, meaning they’re offline and protected.

Derivatives

With Trade Republic, you can go long or short on stocks, indices, commodities, or currencies. I found it really straight forward to access both the web platform and mobile app. There you can check out thousands of derivatives – easily and securely. Choose your desired scenario from an extensive list of possibilities.

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Regulation

Trade Republic Bank is a German investment firm. They are supervised by the Federal Bank of Germany and BaFin (Federal Financial Supervisory Authority) and offers you a German bank’s usual reliability and security. I would personally feel confident using this brokerage as I consider BaFin to be a top-tier regulator. They have certain rules and procedures in place that the broker must follow which gives me peace of mind that I can trust them with my funds and focus on my trading. If regulation is also important to you, City Index are regulated by multiple top-tier authorities.

Countries

The broker accepts clients from different parts of the globe where the use of their services would not be contrary to local laws and regulations. If you are not in Europe or in an EU country that is not accepted by the brokerage firm, please feel free to take a look at our broker reviews for an alternative.

Platforms

Trade Republic provides you with a sleek and modern proprietary platform that is designed to ensure the seamless trading of all the available financial instruments. The platform is loaded with a range of exciting features and extending capabilities to help you get the most out of their trades. You can see all of your ETF, stock and crypto savings plans in the Order Manager. I find it very useful to be able to keep track of all your savings plans by having them all on one screen. It is possible to add, review or change a savings plan, according to your needs. You can even cancel your savings plan and continue later if you need access to your funds.

Trade Republic App

Trade Republic App

The platform is available as a web trader and trading apps that are compatible with Android and iOS devices. The mobile apps can be downloaded from the relevant app stores and used to place trades and check trading positions while on the go, provided there is an internet connection. I really like how I can take the market with me in my pocket and check them whenever and wherever I feel like it. Trade Republic have built an entire offering from scratch to give you modern access to capital markets. With state-of-the-art technology, relentless automatization and best-in-class engineering, they are creating the bank of the future.

Tools

There are no standalone trading tools on the broker’s website at the moment but I feel that the provided trading platforms should have plenty of tools for you to analyse the markets, place and manage positions with relative ease. You can discover comprehensive data, recent news, and upcoming events for all stocks and ETFs. I like how you can set price alarms to be ready to react accordingly when the market is moving. If you are looking for some industry leading tools to help conduct more in-depth market analysis, then Saxo Bank are certainly worth consideration. They also have a huge range of financial instruments to trade via sophisticated platform.

Education

The broker’s website contains various learning resources — learning articles, trading guides, news, and more — to help traders make informed trading decisions. You can see what others say about the markets with access to industry analysts’ price targets and recommendations. If you are a beginner and want much more educational content to get your teeth stuck into, then you may consider FinecoBank as another option.

Markets

I found Trade Republic to have a great selection of more than 9,000 financial instruments. You can choose to trade and invest in the following financial assets: stocks, ETFs, derivatives and cryptocurrencies. This is a really impressive selection with something for everyone to trade. I like how everything is in one place with one platform and account giving you access to all of the available instruments. You will find everything from stocks of major companies, popular cryptos, forex currency pairs and commodities. There is a plethora of long and short warrants, knock outs, or factor certificates.

  • Stocks
  • Indices
  • Commodities
  • Crytos
  • ETFs

Accounts

If you would like to invest and save with Trade Republic, you can open a single live trading account with no minimum initial deposit required. Whereas some brokers give you a choice of accounts to choose from, they instead keep things nice and simple. I like this because it means that everyone can get access to the same products and features, regardless of their investment size.

Fees

Like many other brokers, they receive rebates from trading partners. As a result, they can free you from high order commissions through their efficient structures. When placing an order, there is one euro of external fees to cover clearing and settlement and no order commission. This is really inexpensive when compared to many other brokers I have previously reviewed.

Account Signup

To create a live trading account, click on the “Open Free Account” button at the top right corner of the broker’s website, fill out the account opening page and submit. It is free to open an account and should only take a few minutes to complete the process.

Support

The broker provides traders with a responsive client support team to respond to clients’ trading, general, and account-based inquiries. In addition, the Trade Republic support team can be reached via email and various social media channels: Facebook, Twitter, Instagram, and more. I found there to be rather extensive help centre on the brokers website where you can find information on all of the products and services that they provide.

Funding

Trade Republic allows traders to deposit and withdraw funds to and from their trading accounts using a decent variety of payment methods. Bank wire transfers will generally take between one and three working days to clear. Other deposit and withdrawal methods include credit and debit cards (Visa or Mastercard), Google Play, and Apple Pay, which are generally instant. I think they could improve by adding support for digital wallets and cryptos. If you would like some more funding options, Trading 212 have plenty to choose from. I would have preferred some digital wallets as I find this to be the most convenient way for me to access my funds.

Conclusion

Overall, Trade Republic can be described as an ever-evolving tech company that holds a banking license to provide very competitive investing and saving services. The broker is a German financial institution that has been in operation since 2015, offering a beautifully simple product everybody can afford. They are fully regulated to help try and protect your funds.

They enable users of all levels to save money and potentially build their wealth with personal savings plans on a large selection of ETFs and stocks. The broker also allows you to invest in companies you love or hedge the market with derivatives and zero commission fees.

I think that Trade Republic could be a good solution for investors and traders looking for a simple, easy-to-use web and mobile platform to trade and invest. I found them to be transparent and like how they are open to anyone looking to save, trade and invest. They are one of the biggest brokers in Europe and it is easy to see why.

Trade Republic Logo

Min $1 Deposit

Trade Republic Bank GmbH is a German online broker founded in Munich and based in Berlin. As a credit institution, the company offers its customers the opportunity to trade listed securities and cryptocurrencies via a modern and intuitive mobile trading app.

Investing carries risk and you may receive back less than your original investment.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

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For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.