Trade Republic Review
Richard Montana | March 24, 2022
Table of Contents
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
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 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.
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.
There are no standalone trading tools on the broker’s website at the moment.
The broker’s website contains various learning resources — learning articles, trading guides, news, and more — to help traders make informed trading decisions.
The broker offers the following financial assets: stocks, ETFs, derivatives, cryptocurrencies, and more.
Traders are allowed to open a single live trading account to start trading. No minimum initial deposit is required to open an account.
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.
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.
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.
|Broker Features||AvaTrade||IG||IC Markets|
|Regulated||ASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSA||FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF||ASIC, CySEC, FSA, SCB|
|Country||Australia, Ireland, South Africa, Japan, British Virgin Islands||Australia, UK, USA, Switzerland, UAE, Singapore, Japan||Australia, Seychelles, Bahamas, Cyprus|
|Min. Deposit||Min $250 Deposit||Min $100 Deposit||Min $200 Deposit|
|Commission||From $0||From $0||From $0|
|Instruments||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFs||Forex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDs||Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs|
|Platforms||MetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, Mobile||MetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, Mobile||MetaTrader 4, MetaTrader 5, cTrader, Web, Mobile|
|Type||Market Maker, STP||STP, ECN, DMA||ECN|
|Funding||Wire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, Skrill||Wire Transfer, Credit/Debit Cards, PayPal||Wire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli|
|Visit Broker||Visit Broker||Visit Broker||Visit Broker|
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.