Trade Republic Review

Richard Montana | March 24, 2022

Trade Republic is a German securities trading bank that allows traders to grow their portfolio by investing in stocks, ETFs, derivatives, and cryptocurrency, and more. 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.

Broker Pros / Cons
  • Proprietary trading platform
  • Various trading assets
  • Licensed bank
  • Zero commissions
  • No MetaTrader platforms
  • No standalone trading tools
  • Limited funding options
  • Limited accepted country list

Summary

Trade Republic is a German bank that is fully regulated 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. Trade Republic is supervised by the Federal Bank of Germany and BaFin (Federal Financial Supervisory Authority) and offers you a German bank’s usual reliability and security. Over the years, the broker has bagged several industry awards in recognition of its reputable brokerage services.

Trade Republic Awards and Recognitions

Trade Republic Awards and Recognitions

Regulation

Trade Republic is supervised by the Federal Bank of Germany and BaFin (Federal Financial Supervisory Authority).

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.

Platforms

The broker provides traders with a proprietary trading 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 traders get the most out of their trades. It is available as a web trader and a mobile app that is 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.

Trade Republic Trading Platform

Trade Republic Trading Platform

Tools

There are no standalone trading tools on the broker’s website at the moment.

Education

The broker’s website contains various learning resources — learning articles, trading guides, news, and more — to help traders make informed trading decisions.

Markets

The broker offers the following financial assets: stocks, ETFs, derivatives, cryptocurrencies, and more.

Accounts

Traders are allowed to open a single live trading account to start trading. No minimum initial deposit is required to open an account.

Support

The broker provides traders with a responsive client support team to respond to clients’ trading, general, and account-based inquiries. In addition, the support team can be reached via email and various social media channels: Facebook, Twitter, Instagram, and more.

Funding

The broker allows traders to deposit and withdraw funds to and from their trading accounts using various payment methods. Bank wire transfers will 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.

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.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Overall, Trade Republic can be described as a tech company with a banking license. The broker has been in operation since 2015, offering a beautifully simple product everybody can afford. And as a bank, they can help to secure your money and protect your wealth. So you can save money and potentially build your wealth with personal savings plans on ETFs and stocks. The broker also allows you to invest in companies you love or hedge the market with derivatives with zero commission fees.

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 mobile app.

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

About the Author

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.

Review Methodology

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.

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