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Trade Republic Review – Learn More about TradeRepublic.Com

Trade Republic

Trade Republic is a German-based online broker that was founded in 2015. Seven years ago, three founders in Berlin started Trade Republic Bank GmbH, a German securities trading bank and stockbroker that is regulated by the Federal Bank of Germany and regulator BaFin. 

For just a couple of years on the market, this trading company gathered over 1 million customers. That is a great success as it was only operating in a handful of European markets until the expansion, which happened very recently.

Trade Republic is considered Germany’s first mobile and commission-free broker and can boast a wide range of tradable products as well as several well-known and successful partners. 

If you are asking yourself if this is a credible entity, we will talk about that question a lot in this Trade Republic review. Stay tuned.

We also recommend reading the reviews of these licensed brokers like SVK Markets, BCR, and JP Markets.

Pros and Cons

As with every other legitimate business, Trade Republic has both positive and negative aspects.

Pros:

  • Top-tier regulation
  • No minimum deposit requirements
  • No deposit, withdrawal, or inactivity fees
  • Variety of payment methods
  • Has an official banking license, which makes it a Securities Trading Bank as well as a broker.
  • 40.000+ assets including stocks, ETFs, and crypto
  • All clients are protected up to €100.000

Cons:

  • No demo accounts
  • Only email customer service
  • Charges a €1,00 fee per trade, regardless of volume. Only the first deposit is free
  • Only has 3 types of commodities, Gold, Silver, and Oil.
  • No educational resources whatsoever.
  • No leveraged trading
  • Limited accepted country list
Headquarters Berlin, Germany
Regulation The Federal Financial Supervisory Authority (BaFin), Federal Bank of Germany
Platforms Web, mobile
Instruments ETFs, stocks, indices, derivatives, cryptos
Demo Account No
Minimum Deposit $0
Minimum Trade 0.01 lots
Base Currencies EUR
Education No
Customer Support Email

Is Trade Republic Safe or Scam? License and Regulation

Trade Republic broker review

Trade Republic has a banking license and is regulated by the top-tier German regulator BaFin and Bundesbank. The company has seven years of experience in the market, so far. The longer the track record of a broker, the more proof we have that it has successfully survived previous financial crises and that it’s operating by the book.

Trade Republic boasts a range of impressive business partnerships and strategic investors, including SolarisBank AG, HSBC Germany, BlackRock, and Lang & Schwarz Exchange.

HSBC Germany is one of the largest banks in the world and is based in London. It is a Trade Republic partner for derivatives. On the other hand, HSBC Transaction Services securely handles the securities trading of its customers.

The New York-based investment company BlackRock is considered the world’s largest asset manager and is also a Trade Republic partner. 

The partnership with Lang & Schwarz Exchange allows the trader to use the trading place LS Exchange. Through the regulation of the Hamburg Stock Exchange, the price-quality, as well as the quality of the products, is monitored by the exchange, and a high standard is guaranteed.

With the increasing popularity of securities trading, the number of providers on the market is also growing. Meanwhile, there are brokers, banks, and other trading companies like sand on the sea. One could think that this large selection is an advantage for the customer. But in fact, this variety is often the biggest difficulty. All deposits at the Trade Republic are protected up to €100,000 per investor.

Account Types Available at the Trade Republic

The broker only has one account option that offers access to all of its brokerage services. Every asset type can be invested in using just one account, which makes diversifying your portfolio simpler and removes common entry barriers for lower-capital clients.

Unfortunately, Trade Republic does not offer a demo account, which can be very useful for new traders to learn the ropes or for more experienced clients to test new strategies and markets.

Trading Platform Overview

Trade Republic was built with mobile-only trading services in mind, spending years crafting an application on which its clients can trade securities, derivatives, and cryptos with ease. The trading platform can be downloaded onto iOS and Android (APK) devices and brings an easy-to-use interface and decent functionality. User reviews are generally positive, praising its accessibility and asset range. 

In 2019, a few months into its public launch, the revolutionary trading platform raised 10 million euros in its Series-A investment fund. Then, in April 2020, The broker raised a whopping EUR 62 million in its Series B round. 

Trade Republic launched its dedicated web platform in September 2021. Previously, it only provided a mobile trading app.

Trade Republic Trading Instrument 

The Trade Republic offers a suitable range of trading instruments, including:

  • Stocks – collaborates with Lang & Schwarz Exchange, a platform listed on Hamburg Stock Exchange. This connection is so beneficial that you can access blue-chip investment products from Germany, the United Kingdom, the United States, Canada, Hong Kong, China, and Japan.
  • ETFs – offers around 1500 ETFs on indices, commodities, and currencies. However, not all ETFs available on Lang and Schwarz exchange are available on the Trade Republic.
  • Derivatives – Thanks to partnering with Société Générale, CITI, and HSBC, you can access countless warrants, knock-outs, and factor certificates through the Trade Republic on European and US companies. 
  • Cryptocurrencies – has over 50 cryptocurrencies available for trading. With this firm, you can trade cryptocurrencies like Bitcoin, Ethereum, XRP, and Litecoin, among others. All you need to pay is £1 for order execution.
  • Currency pairs – The Lang and Schwarz exchange platform offers the EUR/USD pair.
  • Bonds – has more than 500 Bonds from German companies and other prominent European contractors on offer.
  • Commodities – supports Gold, Silver, and Brent Oil commodities trading.

Deposits and Withdrawals

The Trade Republic supports only a few options for funding and emptying their trading accounts. 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 Pay, and Apple Pay, for all of which your payment will clear immediately.

The broker does not charge any outright transaction fees, though some may be incurred for payments from different countries. Trade Republic does not accept the popular payment method PayPal.

Education and Resources 

Trade Republic doesn’t offer educational resources or financial insights which is a minus. This lowers the competitiveness of the broker against some of its closest rivals. Most top brokers educate newer traders.

They assume that you know the basics of trading and the definitions of most terms used in the trading scene. Granted, a broker has simplified its user experience enough that it is quite easy to understand, but if you’re a newcomer, you’ll still face some friction upon getting acquainted with the service, and might lose money as you try to figure it out.

Customer Service Overview

One other drawback of the Trade Republic platform is its limited customer support channels. Its prominent customer support channel is its email address. You can contact them via German and English email addresses. 

However, the broker doesn’t offer phone support or live chat for its customers. This could be a lot better. Some enterprises offer live chat, phone, and email support, but also offer support through online live chat, Telegram, Facebook Messenger, Viber, and WhatsApp. 

Overall Summary

Trade Republic is an enterprise with a banking license, which is regulated by the Federal Bank of Germany and the top-tier German regulator BaFin. Labeled as Europe’s first mobile-only, and a commission-free broker. Trade Republic offers European, American, and Asian stocks and ETFs, along with a range of derivatives and blockchain tokens

Trade Republic is a relatively new broker that has quickly amassed a large number of users, exceeding 1 million. Regulated by the BaFin and Bundesbank, which is strong security itself. But they also have deposit protection of up to 100,000 euros per customer.

When it comes to fees, the broker is one of the cheapest online brokers. The broker does not charge any order commission. It has a web and mobile trading platform. The biggest issue with this company is probably its customer service. You can reach them only by email.

FAQs About Trade Republic Broker

How Long for my Trade Republic Account to be Approved?

It usually takes less than 10 minutes. However, sometimes accounts can’t be approved immediately. 

Who Is the Trade Republic Regulated by?

Trade Republic, regulated by both the Federal Bank of Germany and the top-tier German regulator BaFin.

Is there a Minimum Deposit at the Trade Republic?

There is no minimum deposit at the Trade Republic, which is one of the biggest benefits of cooperating with this enterprise.

Is there a Minimum Amount I can withdraw at the Trade Republic?

There are no such limits at the Trade Republic.

Does the Trade Republic Have a Demo Account?

Unfortunately, Trade Republic does not offer a demo account, which can be very useful for new traders to learn the ropes or for more experienced clients to test new strategies and markets.

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