The Trade Republic Bank is Germany’s first mobile-only and commission-free broker. Users only pay a fee of 1 euro per transaction for the external settlement. Besides that, Trade Republic is the first broker in Germany to offer its customers the long-term offer of zero-fee saving with more than 300 ETFs, starting with a minimum of 25 euros – only the customary product costs apply. The Trade Republic app provides a fast, mobile account opening, intuitive search and filter functions, a personal timeline as well as extended trading hours from 7:30 am to 11 pm. Derivatives can be traded from 8 am to 10 pm on trading days.
Trade Republic customers can trade more than 7,300 German and international stocks, about 500 ETFs on indexes, commodities and currencies as well as 40,000 derivatives – commission-free. Stock price quality of stocks and ETFs is supervised by the Hamburg Stock Exchange. Spreads are bound to the reference market XETRA (Deutsche Börse) if applicable. With its cutting-edge technology, Trade Republic realizes cost advantages and passes them on to its customers: no commission fee, no account fee, no negative interest rates. Trade Republic cooperates with renowned partners, such as HSBC and solarisBank.
Trade Republic holds a German banking license and is supervised by the Bundesbank as well as the BaFin (Federal Financial Supervisory Authority). The Berlin-based company was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri. In 2017, sino AG joined Trade Republic as a strategic investor. As the first German broker, Trade Republic started introducing mobile-only and permanently commission-free stock trading in January 2019. Following its successful market launch, the company was able to raise more than 10 million euros in a Series A round of financing in July 2019 and attracted two of Europe’s leading venture capital investors, Creandum and Project A.
Trading fees (09/2020)
Trade Republic 0 reviewsWrite Your Review
There are no reviews yet.