Trade Republic Review

Trade Republic

Trade Republic

traderepublic.com

  • Leverage: Not Offering

  • Regulation: BaFin, Bundesbank

  • Min. Deposit: €0

  • HQ: Germany

  • Platforms: Trade Republic Mobile App

  • Found in: 2015

Trade Republic Licenses:

  • Trade Republic Bank GmbH - authorized by Bundesbank and BaFin (Germany) BaFin ID 10150368 

Top 3 Forex Brokers

  1. What is Trade Republic?
  2. Trade Republic Pros and Cons
  3. Is Trade Republic Safe or a Scam?
  4. Margin Trading
  5. Accounts
  6. Products
  7. Fees
  8. Commission
  9. Deposits and Withdrawals
  10. Trading Platform
  11. Customer Support
  12. Education
  13. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years of experience in Stock and Forex Trading check all trading conditions, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see proposals fully to give expert opinions about Trade Republic.

What is Trade Republic?

Trade Republic is a Germany-based online investment firm operating in Europe, providing a platform for investors to trade a variety of financial products such as stocks, shares, ETFs, bonds, derivatives, and Trade Republic crypto.

Based on our research, the platform primarily serves clients across several European nations, such as Germany, Belgium, Austria, France, Spain, Italy, and more. It operates under the authorization and supervision of the German Federal Financial Supervisory Authority (BaFin) and Bundesbank, ensuring strict compliance with regulatory standards.

Overall, Trade Republic focuses on providing commission-free or low-cost trading services. It is known for its user-friendly mobile app that allows retail investors to buy and sell stocks without traditional commission fees. The platform aims to simplify the investing process, making it accessible to a wide range of users.

Is Trade Republic Stock Broker?

Yes, Trade Republic is a Stock Broker. It is a Neobrokerage firm that provides a platform for individuals to buy and sell stocks. The company focuses on low-cost trading solutions and is known for its user-friendly trading platform, making stock trading accessible to a broad audience.

Trade Republic Bank

We found that the firm does not offer traditional banking services, instead focuses on providing brokerage services and facilitating the buying and selling of trading products. While Trade Republic may offer certain banking features, such as cash management or account services, its core functionality lies in brokerage and trading activities.

Trade Republic Pros and Cons

Per our findings, the firm offers several benefits, including commission-free investment, which makes it cost-effective for clients. The user-friendly mobile app provides a seamless and accessible platform for buying and selling stocks, appealing to a wide range of users. Additionally, the top-tier regulatory oversight from BaFin enhances the overall security of the investment experience.

For the cons, its primary focus on stock trading means that it has a more limited range of available financial instruments compared to some traditional brokers. Additionally, the platform may have more simplified research and analysis tools compared to traditional brokers, potentially affecting the depth of market information available to users. Additionally, the absence of 24/7 customer support might be a drawback for those who prefer round-the-clock assistance.

AdvantagesDisadvantages
European regulation and overseeNo 24/7 customer support
Competitive investment conditionsLimited education and research materials
€0 minimum depositNo paper trading or demo account
User-friendly mobile appLimited investment products
Secure investing environment
European traders
Accessibility
Cost-effective
No hidden charges

Trade Republic Review Official Website

Trade Republic Review Summary in 10 Points
🏢 HeadquartersGermany
🗺️ RegulationBaFin, Bundesbank
🖥 PlatformsTrade Republic Mobile App
📉 Trading ProductsStocks, Shares, ETFs, Bonds, Derivatives, Crypto
💰 Stock Commission€1
🎮 Paper Trading/ Demo AccountNo
💳 Minimum Deposit€0
💰 Base CurrenciesEUR
📚 EducationLimited
☎ Customer Support24/5

Overall Trade Republic Ranking

According to our analysis, the platform offers traders an intuitive interface, a popular selection of tradable assets, and competitive pricing. While specific rankings can vary, Trade Republic generally appeals to investors seeking a combination of accessibility, transparency, and a collaborative investment environment.

  • Trade Republic Overall Ranking is 8.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry-leading brokers.
RankingTrade RepublicNutmegDegiro
Our Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantagesInvestment ConditionsInvestment ApproachesCompetitive Fees

Trade Republic Alternative Brokers

While Trade Republic provides reliable and competitive investment conditions, other companies in the financial sector might be good to consider. These competing firms may present advantages like a wider selection of trading products and platforms. Therefore, we have compiled a list of alternatives for you to consider.

Is Trade Republic Safe or Scam?

No, Trade Republic is not a scam. It is a reliable Stock trading broker that follows the strict rules and guidelines established by the European BaFin and Bundesbank, which safeguard client assets and provide low-risk Stock trading.

Is Trade Republic Legit?

Yes, Trade Republic is a legitimate and trustworthy investing company for traders looking to invest and manage their assets. It is regulated by the Top-Tier European authority and has a good reputation and integrity in the financial market.

Additionally, the company does not offer services in offshore zones, emphasizing its commitment to operating within regulated jurisdictions and providing transparency to investors.

See our conclusion on Trade Republic Reliability:

  • Our Ranked Trade Republic Trust Score is 8.9 out of 10 for the good reputation and services provided, as well as not holding licenses in offshore zones and its regulation by respected authorities.
Trade Republic Strong PointsTrade Republic Weak Points
Top-tier licenseNone
Professional investing environment
Two-step authentication
Client funds security

Customer Trading Protection

The firm, as a regulated brokerage, provides customer trading protection through adherence to financial regulations and oversight by the German BaFin and Bundesbank. These regulatory bodies ensure that the platform operates within established standards, promoting transparency and safeguarding the interests of users.

Additionally, investor protection measures may include safeguards against unauthorized access, secure transaction protocols, and adherence to industry best practices for data security.

Trade Republic Review License

Margin Trading

We found that Trade Republic does not offer margin trading. It is primarily focused on commission-free stock trading, targeting a simple and user-friendly experience for retail investors.

However, for the most accurate and current information about the firm’s offerings, including leverage or margin trading, we recommend checking the official website or contacting its customer support directly.

Account Types

Based on our findings, the firm primarily offers a single type of account, known as the standard brokerage account. This account allows users to trade a variety of financial instruments, depending on the platform’s available offerings. The focus is on providing a straightforward and accessible trading experience for retail investors through a user-friendly mobile app.

ProsCons
Fast and easy account openingNo paper trading or demo account
No minimum depositLimited account types

How to Open Trade Republic Live Account?

Opening an account with a broker is considered quite an easy process, as you can log in and register within minutes. Just follow the opening account or Trade Republic login page and proceed with the guided steps:

  • Select and Click on the “Sign Up” page
  • Enter the required personal data (Name, email, phone number, etc.)
  • Verify your data by uploading documentation (residential proof, ID, etc.)
  • Complete the electronic quiz confirming your trading experience
  • Once your account is activated and proven, follow with the money deposit.

Trade Republic Review Opening Account

Trading Products

Trade Republic offers a range of trading products, primarily focusing on commission-free trading, including stocks, Trade Republic ETF, bonds, derivatives, and cryptocurrencies. While the emphasis is on simplicity and accessibility for retail investors, the specific range of trading products may evolve, so check the broker’s official website or contact customer support for the latest and most accurate information on available assets and financial instruments.

  • Trade Republic Markets Range Score is 8.3 out of 10 for trading products overall which we rank as high also for offering some unique opportunities and investment options.

Trade Republic Review Trading Products

Trade Republic Fees

According to our findings, the firm is known for its transparent and straightforward fee structure. However, while there may be no explicit commission charges, Trade Republic may generate revenue through other means, such as payment for order flow.

For specific details on fees, including any charges associated with other financial instruments or potential updates to the fee structure, check the official website or contact customer support for the most accurate and up-to-date information.

  • Trade Republic Fees are ranked low or average with an overall rating of 8.5 out of 10 based on our testing and compared to over 500 other brokers for all fees applied. Some services are free of charge and others may apply some charges. See more comparison details below:
FeesTrade Republic FeesNutmeg FeesDegiro Fees
Deposit feeYesYesNo
Withdrawal feeYesYesNo
Inactivity feeNoNoNo
Investment PlansYesYesYes
Fee rankingLow/AverageLow/AverageLow/Average

Trade Republic Review Trading Fees

Trading Commission

Based on our test trade, Trade Republic is recognized for its commission-free trading approach, enabling traders to engage in stock transactions without incurring traditional commission fees. This model contributes to the platform’s appeal for cost-conscious investors seeking a budget-friendly trading experience.

However, trading commissions and fees can change over time and may vary based on the specific investments and market conditions. Therefore, traders should review the platform’s fee details for a comprehensive understanding of the costs associated with their investments.

  • Trade Republic Commission is ranked good with an overall rating of 8.5 out of 10 based on our testing comparison to other brokers. We found fees are rather attractive, transparent, and suitable for investment.
Asset/ PairTrade Republic CommissionNutmeg CommissionDegiro Commission
Stocks Fees€1From £150€2
Fractional SharesYesYesNo
Options Fees--€0.75
ETFs Fees€1From £150€1
Free StocksYesNoNo

Trade Republic Trading Hours

We found that the firm offers convenient and extensive trading hours, allowing users to trade stocks, ETFs, and bonds on weekdays from 7:30 to 23:00 CET. Additionally, the platform facilitates derivatives trading during the hours of 8:00 to 22:00 CET. This flexibility enables investors to engage in market activities during most of the business day, catering to different time zones and providing ample opportunities for trading and Trade Republic test.

Deposits and Withdrawals

The platform offers a few funding methods to facilitate deposits into user accounts. Common funding methods include bank transfers and direct debits. Trdares can link their bank accounts to transfer funds securely.

However, the availability of payment methods may be subject to specific terms and conditions outlined by the firm. Therefore, traders should check the platform’s official documentation or contact customer support for the most accurate and up-to-date information on payment options.

  • Trade Republic Funding Methods we ranked good with an overall rating of 8 out of 10. Fees are low, and you can also benefit from various account-based currencies.

Here are some good and negative points for Trade Republic funding methods found:

AdvantageDisadvantage
Fast digital depositsLimited payment methods
Multiple account base currencies

Trade Republic Minimum Deposit

Trade Republic does not have a specific minimum deposit requirement. The platform is known for its accessibility and lack of a mandatory minimum deposit, making it convenient for a wide range of investors.

Trade Republic minimum deposit vs other brokers

Trade Republic Most Other Brokers
Minimum Deposit €0 $500

Trade Republic Withdrawals

Per our analysis, the firm allows investors to make withdrawals from their accounts through a straightforward process. They can initiate withdrawals via the Trade Republic app, and the platform typically provides a secure and efficient method for users to access their funds when needed.

Withdraw Funds from Trade Republic

To initiate a withdrawal fund from your trading account, the firm provides a set of typical steps that can be followed:

  1. Login to your account
  2. Select Withdraw Funds’ in the menu tab
  3. Enter the withdrawn amount
  4. Choose the withdrawal method
  5. Complete the electronic request with the requirements
  6. Confirm withdrawal information and Submit
  7. Check the current status of withdrawal through your Dashboard

Trade Republic Review Payment Methods

Trading Platforms

Trade Republic provides a user-friendly and accessible trading platform primarily through its mobile app. The app is designed to offer a seamless experience for investors to trade stocks, ETFs, bonds, and other financial instruments.

While it may not have the extensive features of some desktop platforms, the mobile app’s simplicity aligns with the broker’s focus on making investing easy for a broad audience. Users can conveniently execute trades, monitor portfolios, and access market information on the go, enhancing the flexibility and convenience of their trading experience.

  • Trade Republic Platform is ranked good with an overall rating of 8 out of 10 compared to over 500 other brokers. We mark it as good since it offers an advanced trading platform via a mobile app, however, lacks alternatives.
PlatformsTrade Republic PlatformsNutmeg PlatformsDegiro Platforms
MT4NoNoNo
MT5NoNoNo
cTraderNoNoNo
Own PlatformsNoYesYes
Mobile AppsYesYesYes

Trade Republic App

According to our findings, the broker’s mobile app serves as a central hub for users to engage in commission-free trading with ease. Known for its user-friendly interface, the app provides a streamlined experience for buying and selling stocks, ETFs, bonds, and more.

With features like real-time market data, portfolio tracking, and a simple order execution process, the Trade Republic app empowers investors to manage their portfolios conveniently from their mobile devices, making it a popular choice for those seeking accessibility and flexibility in their trading activities.

Trade Republic Review App

Trade Republic Support

The firm’s customer support is available 24/5 through email communication and a comprehensive FAQ section to address frequently asked questions. The platform aims to offer responsive assistance to address user concerns, ensuring a positive and supportive experience for its investors.

  • Customer Support in Trade Republic is ranked good with an overall rating of 7.9 out of 10 based on our testing. However, we suggest checking recent user reviews, or the firm’s official channels for the most up-to-date information on the current state of its customer support.

See our find and ranking on Customer Service Quality:

ProsCons
Email, FAQ sectionNo 24/7 customer support
Quick responsesNo live chat
Relevant answers

Trade Republic Education

Lastly, the firm does not have an extensive array of educational resources directly integrated into its platform. While the platform offers an intuitive interface for trading, traders seeking educational materials may need to look beyond the platform for in-depth learning resources.

However, as the platform primarily targets investors and professional traders, we do not see this as a major drawback, considering that the broker provides a wider range of advanced trading products.

  • Trade Republic Education ranked with an overall rating of 7 out of 10 based on our research. We recommend seeking educational resources from other brokers since Trade Republic education is rather limited and might not be very suitable for beginning traders.

Trade Republic Review Education

Trade Republic Review Conclusion

In conclusion, Trade Republic stands out for its commitment to providing a commission-free and user-friendly trading experience through its mobile app. The platform caters to investors looking for simplicity and accessibility in stock, ETF, bond trading, etc.

While it may lack extensive educational resources and some advanced features, its transparent fee structure and emphasis on cost-effective trading make it an appealing choice for those seeking a straightforward approach to investment. However, traders should be aware of potential revenue models, such as payment for order flow, and stay informed about any updates to the platform’s offerings.

Based on Our findings and Financial Expert Opinions Trade Republic is Good for:

  • European traders
  • Investing
  • Stock Trading
  • Fractional Shares
  • Low fees
  • Advanced traders
  • Professional trading
  • Good trading tools
  • Competitive conditions

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