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Trade Republic
Trade Republic

Trade Republic

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Description

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)

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Company Details

Legal name
Trade Republic Bank GmbH
Company registration
Amtsgericht Düsseldorf HRB 85864
Founded in
2015
Employees
457

News

Financing Rounds

Financing rounds currency
Euros €
Last financing round
2022
Capital raised last round in millions
250
Total capital raised in millions
944

Financials

Financial reporting currency
Euros €
Last financial year reported
2023
Revenues 2023 in millions
179
EBIT 2023 in millions
16
Revenues 2022 in millions
137.8
EBIT 2022 in millions
-123.5
Revenues 2021 in millions
95.5
EBIT 2021 in millions
-50.4

Contact Information

Social Information
Address
Ernst-Schneider-Platz 1, 40212 Düsseldorf, Deutschland

Location

Ernst-Schneider-Platz 1, 40212 Düsseldorf, Deutschland

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