According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- €1
- Mobile Apps
- No
- Derivatives trading via prime brokers
- Single investment account
- No account maintenance fees.
Our Evaluation of Trade Republic
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Trade Republic is a high-risk broker with the TU Overall Score of 2.42 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Trade Republic clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Trade Republic is a German online broker providing European investors with a mobile platform for stock market trading. Its user-friendly features, competitive fees, and a €1 minimum deposit appeal to both experienced and novice investors.
Brief Look at Trade Republic
Trade Republic is a German online broker and bank founded in 2015 in Munich. It is regulated by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht/the Federal Financial Supervisory Authority), AMF (Autorité des Marchés Financiers/the Financial Markets Authority), Bundesbank (the German Federal Bank), and ECB (the European Central Bank). Trade Republic provides a mobile platform for trading stocks, bonds, ETFs, and cryptocurrencies. It manages assets totaling approximately €100 billion. In 2025, its client base exceeded 8 million across 17 European countries. Trade Republic presents low fee structures, charging a flat fee per transaction and offering fee-free ETF trading. In 2023, the company obtained a banking license, expanding its range of services.
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- Low trading fees;
- Wide choice of trading instruments;
- High interest rates on uninvested funds;
- Fast account opening via smartphone;
- Availability of a bank license and reliable regulation;
- User-friendly mobile app;
- Access to fractional shares and ETF trading.
- Limited basic charting features;
- Lack of comprehensive education for novice traders;
- No web trading platform.
TU Expert Advice
Author, Financial Expert at Traders Union
Trade Republic offers European investors a mobile and web platform to trade stocks, ETFs, bonds, and cryptocurrencies, with account management executed through a single investment account. The platform boasts competitive fees, a €1 minimum deposit, and supports fractional share trading, catering to both experienced and novice investors. Additionally, the absence of account maintenance fees and fast account opening enhance its accessibility, while reliable regulation by BaFin, AMF, Bundesbank, and ECB ensures investor protection.
However, Trade Republic has drawbacks such as limited charting features and the absence of comprehensive education, potentially hindering novice traders seeking in-depth market analysis. Given these considerations, Trade Republic may best suit tech-savvy investors comfortable with mobile and web trading who prioritize low costs and trading simplicity.
Trade Republic Summary
Your capital is at risk. The risk of loss in online trading of stocks, options, futures, currencies, foreign equities, and fixed Income can be substantial.
| 💻 Trading platform: | Mobile apps |
|---|---|
| 📊 Accounts: | Current |
| 💰 Account currency: | EUR |
| 💵 Deposit / Withdrawal: | Bank transfers and bank cards |
| 🚀 Minimum deposit: | €1 |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | Fractional share |
| 💱 EUR/USD spread: | From €1 |
| 🔧 Instruments: | Stocks, ETFs, corporate and government bonds, cryptocurrencies, and derivatives (warrants, knock-outs, and factor certificates for indices, stocks, currencies, and futures) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Exchange |
| ⭐ Trading features: | Derivatives trading via prime brokers; Single investment account; No account maintenance fees. |
| 🎁 Contests and bonuses: | No |
Trading stocks, ETFs, and bonds is conducted through the LS Exchange (Hamburg) electronic system, which features exchange-level quote quality control. In case of its disruption, the Tradegate platform serves as an alternative for stock and ETF trading. Derivative instruments are traded off-exchange through such issuers as HSBC, Société Générale, UBS, and Vontobel, while cryptocurrencies are traded through Bankhaus Scheich Wertpapierspezialist AG. Trade Republic exclusively provides trading through its PIN-protected mobile apps for iOS and Android. A web-based platform is not available.
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Trading Account Opening
Traders can access their user accounts through a mobile app, following the instructions below:
Click the QR code on any page of the Trade Republic website to install the app from the store.
Scan the QR code with your smartphone.
In the app, provide your phone number and verify it using an SMS code. Then, complete the registration process and upload documents for identity verification.
Further, generate a PIN code required each time you log in to the mobile app.
Regulation and safety
Trade Republic operates under a BaFin license and is overseen by Deutsche Bundesbank. The company is also authorized by the ECB and is subject to AMF regulation.
Funds in each escrow account are protected up to €100,000 per client and are covered by the German state deposit guarantee scheme.
Advantages
- Client funds are held in segregated accounts
- Client securities are held in state depositories
Disadvantages
- Limited choice of payment methods
- Access to the investment platform is limited by region
- No access to U.S. and Asian stock exchanges
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Current | €1 | Yes |
The company offers free card maintenance, including international ATM withdrawals. However, a €1 fee applies to withdrawals below €100.
The table below compares average fees of Trade Republic with those of other brokers.
| Broker | Average commission | Level |
|---|---|---|
|
$1.14 | |
|
$1.5 | |
|
$1.1 |
Account types
Trade Republic offers a standard investment account intended for individual use. Currently, other account types, including joint accounts, corporate accounts, or accounts for minors are not available.
Account types:
Deposit and withdrawal
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Withdrawals can be requested to the primary bank account specified during registration or changed in the app settings.
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Withdrawal requests are typically processed within one business day of receipt.
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Funds can be transferred to Trade Republic cards and then withdrawn from ATMs worldwide where Visa is supported. Amounts below €100 incur a €1 fee, while withdrawing €100 or more is free of charge.
Investment Options
Trade Republic focuses on investment rather than active stock exchange trading, providing the following options:
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Interest on current account balances. Upon account activation, a 2.5% annual rate applies to all account balances. There are no limits on amounts for Germany, France, and Italy. For other countries, the maximum amount is €50,000. Interest is calculated daily and paid out monthly. Funds can be withdrawn at any time.
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Saveback. This feature enables receiving 1% of each eligible card transaction to automatically invest these funds into a chosen investment plan. To start receiving Saveback, invest at least €50 and choose an investment asset. The maximum Saveback amount per month is €15.
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Savings plans. These plans enable fee-free investing in stocks, ETFs, or cryptocurrencies, facilitating long-term capital growth through regular automatic contributions. Investors can create multiple plans, change or cancel them for free at any time, and set up direct debit for automated payments.
Partnership program from Trade Republic:
Trade Republic offers affiliate and referral programs rewarding its clients for attracting new traders. Participation and payout conditions are available in the mobile app after user account registration.
Customer support
To contact Trade Republic, access the in-app help center and choose the specific topic related to your issue. After that, open the chat to communicate with a support representative.
Advantages
- Prompt support via mobile apps
Disadvantages
- Lack of alternative communication channels
- Only registered clients can contact support
Available communication channels:
-
In-app live chat.
Contacts
| Registration address | Brunnenstraße 19-21, 10119 Berlin, Germany |
|---|---|
| Regulation | BaFin, Bundesbank, AMF, and ECB |
| Official site | https://traderepublic.com/de-de |
| Contacts |
+49 322 13232813
|
Education
The Trade Republic website briefly explains financial instruments and describes the features of a current account. However, information on investment strategies and market analysis, as well as in-depth training on stock market trading, is not available.
Note that educational materials offered by Trade Republic may not be sufficient for basic securities investment skills. The information on the website is introductory.
Detailed review of Trade Republic
Trade Republic Bank GmbH is a comprehensive German bank regulated by BaFin, ensuring the reliability and security of all its services. Client funds are held in omnibus trust accounts with major banks, including Deutsche Bank, J.P. Morgan, HSBC, and Citibank. For larger amounts, funds are additionally diversified into liquid funds. As a result of its efficient operations, Trade Republic has become a multinational brokerage company with extensive coverage. In early 2025, it opened its representative offices in France, Spain, and Italy.
Trade Republic by the numbers:
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Operations since 2015;
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8+ million clients;
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€100 billion under management;
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Availability in 17 countries.
Trade Republic is a mobile investment platform for both novice and experienced stock market participants
Trade Republic features low fees due to its efficient structure and rebates from trading partners. Its favorable conditions include fee-free savings and planning, €1 trading fees, and low additional costs for third-party settlements, making it accessible even for novice investors. The bank also provides free cards and accounts with a 2.5% annual rate, without charging fees for transfers and withdrawals.
Trade Republic enables efficient investing and fund management. Users can invest any amount in stocks, ETFs, bonds, cryptocurrencies, and derivatives, earn passive income on their current account balance, and earn 1% with the card through the Saveback program.
Useful services offered by Trade Republic:
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Intuitive mobile app is available for trading stocks, ETFs, and other financial instruments;
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Investment plans provide the ability to invest regularly in selected assets with minimal fees;
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Trading fractional shares and ETFs with a minimum of €1 makes investing accessible to a wider range of users;
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Client support provides professional assistance via in-app chat for prompt resolution of any issues.
Advantages:
Fee-free ETF trading;
Ability to customize regular investment plans;
No inactivity fee;
State investor protection;
Responsive multilingual support.
Trade Republic, backed by a German banking license, offers transparent, user-friendly, and highly reliable conditions.
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