Trade Republic Review

Low-cost ETF and savings plan investors

BaFin Deutsche Bundesbank ECB

Founded 2019 · Germany

Why investors choose this broker

EUR 1 flat settlement fee per trade with no further commissions
ETF and stock savings plans are completely free
No account, custody, withdrawal or inactivity fees
Full EU banking licence with EUR 100,000 deposit protection

Review summary

Trade Republic is a Berlin-based licensed bank and broker offering stocks, ETFs, bonds, crypto and savings plans at a flat EUR 1 settlement fee per trade.

Pros

EUR 1 flat settlement fee per trade with no further commissions
ETF and stock savings plans are completely free
No account, custody, withdrawal or inactivity fees
Full EU banking licence with EUR 100,000 deposit protection
Fractional shares from EUR 1
Interest on uninvested cash credited monthly
Clean, beginner-friendly mobile app
Available in 18 European countries

Cons

No demo account
All orders execute via a single venue (Lang and Schwarz), limiting price competition
Crypto trades carry approximately 1% spread on top of the EUR 1 fee
No advanced charting or research tools
Customer support is email-only with no phone or live chat
Portfolio transfer-out costs EUR 25 per security line
Not available outside Europe
A conversion fee applies to non-EUR security trades

Company background

Trade Republic is a German online broker and licensed bank headquartered in Berlin. Founded in 2015 as Neon Trading and launched to public customers in Germany in 2019, it is operated by Trade Republic Bank GmbH. It received a full banking licence from the European Central Bank in December 2023. As of 2025 the platform had approximately 8 million users across 18 European countries and EUR 100 billion in assets under management. Trade Republic remains independent, backed by venture investors including Accel Partners and Founders Fund.

Fees and pricing

Every trade in stocks, ETFs, bonds, derivatives or crypto incurs a EUR 1 external settlement fee passed through from the exchange. ETF and stock savings plans are exempt from that fee, making automated recurring investments free. There are no account opening, custody, withdrawal or inactivity fees. Bank transfer deposits are free; repeat credit card or digital wallet deposits carry a 0.7% fee. A conversion fee applies when trading securities denominated in a currency other than EUR; card transactions in foreign currencies use Visa exchange rates with no additional fee charged by Trade Republic. Crypto trades carry the EUR 1 fee plus approximately 1% spread. Portfolio transfer-out costs EUR 25 per security line plus external costs. Trade Republic also pays interest on uninvested cash, credited monthly at rates disclosed in the app.

Regulation and safety

Trade Republic Bank GmbH is supervised by BaFin and the Deutsche Bundesbank, and holds a full ECB banking licence obtained in December 2023. Cash deposits are protected up to EUR 100,000 per customer under the German deposit guarantee scheme and securities up to EUR 20,000 under the European investor compensation scheme. In January 2026 a Trade Republic subsidiary obtained a BaFin licence to operate a multilateral trading facility.

Platform experience

Trade Republic is a mobile-first platform available on iOS and Android with a secondary web interface. Features include fractional shares from EUR 1, free automated savings plans for stocks and ETFs, a debit card with 1% Saveback rewards, and a crypto wallet supporting around 50 cryptocurrencies with staking. The platform provides access to over 10,000 stocks, 2,500 ETFs, 500 bonds, 50 cryptos and approximately 380,000 derivatives including knock-outs, warrants and factor certificates. Advanced charting, margin trading and short selling are not available. There is no demo account.

Pros and cons

Trade Republic's strengths are its flat EUR 1 trading fee, free savings plans, no account or custody charges, and EUR 100,000 deposit protection under a full EU banking licence. The main drawbacks are the single execution venue, 1% crypto spread, no demo account, email-only customer support, and the EUR 25 per line portfolio transfer-out fee.

Ready to open an account at Trade Republic?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

Open Account

Your capital is at risk. Other fees apply.

Trading fees & commissions

Every trade in stocks, ETFs, bonds, derivatives or crypto carries a EUR 1 external settlement fee; ETF and stock savings plans are free of that fee. There are no account, custody, withdrawal or inactivity fees.

Fees

Item	Fee
Bonds	EUR 1 external settlement fee per trade
Crypto	EUR 1 external settlement fee per trade plus approximately 1% spread
Account	Free
Custody	Free
Deposit	Bank transfer: Free; repeat credit card or digital wallet deposits: 0.7%
Inactivity	Free
Withdrawal	Free for bank transfers; EUR 1 fee per ATM withdrawal below EUR 100
Fx Conversion	A conversion fee applies to non-EUR security trades; card transactions in foreign currencies use Visa exchange rates with no additional Trade Republic fee
Investment Plans	Free (no settlement fee on automated savings plans)
Portfolio Transfer Out	EUR 25 per security line plus external costs

Trading platform & features

Platforms

Trade Republic App
Web app
iOS app
Android app

Regulation and investor protection

Trade Republic Bank GmbH holds a full banking licence supervised by BaFin and the Deutsche Bundesbank, and was granted a full ECB banking licence in December 2023. Cash deposits are protected up to EUR 100,000 under the German deposit guarantee scheme and securities up to EUR 20,000 under the investor compensation scheme.

Broker FAQs

Is Trade Republic safe?

Trade Republic Bank GmbH holds a full banking licence supervised by BaFin and the ECB. Cash deposits are protected up to EUR 100,000 under the German deposit guarantee scheme and securities up to EUR 20,000 under the investor compensation scheme.

Is Trade Republic a scam?

No. Trade Republic operates as a fully licensed EU bank regulated by BaFin and the European Central Bank, with deposit protection under the German deposit guarantee scheme.

Is Trade Republic regulated and by whom?

Yes. Trade Republic Bank GmbH is supervised by BaFin (Germany's Federal Financial Supervisory Authority) and the Deutsche Bundesbank, and holds a full banking licence granted by the European Central Bank in December 2023.

Does Trade Republic keep client funds in segregated accounts?

As a fully licensed bank, Trade Republic holds customer cash deposits directly on its balance sheet, protected up to EUR 100,000 per customer under the German deposit guarantee scheme.

What happens to my money if Trade Republic goes bankrupt?

Cash deposits are covered up to EUR 100,000 per customer under the German deposit guarantee scheme. Securities held in custody are covered up to EUR 20,000 under the European investor compensation scheme.

What products does Trade Republic offer?

Trade Republic offers stocks, ETFs, bonds, fractional shares, automated savings plans, cryptocurrencies, derivatives (knock-outs, warrants, factor certificates), a cash account with interest, and a debit card with Saveback rewards.

Does Trade Republic offer ETFs?

Yes. Trade Republic offers over 2,500 ETFs. ETF savings plans are free of the EUR 1 settlement fee, making recurring ETF investment cost-free beyond the spread.

Does Trade Republic offer crypto?

Yes. Trade Republic offers over 50 cryptocurrencies. Each crypto trade carries the EUR 1 settlement fee plus approximately 1% spread. A crypto wallet supporting transfers, staking and crypto card payments is also available.

Can I buy fractional shares on Trade Republic?

Yes. Trade Republic offers fractional shares from EUR 1 on stocks, ETFs and bonds, allowing investment in high-priced assets with smaller amounts.

Does Trade Republic offer savings plans?

Yes. Trade Republic offers automated savings plans for stocks and ETFs at weekly, biweekly or monthly intervals. Savings plans are free of the EUR 1 settlement fee.

What does Trade Republic charge for stock and ETF trades?

Each stock or ETF trade carries a EUR 1 external settlement fee. There are no additional commissions or custody fees. ETF and stock savings plans are free of this fee.

What does Trade Republic charge for crypto trades?

Crypto trades carry the standard EUR 1 external settlement fee plus approximately 1% spread cost. There are no custody fees for crypto.

Is there a withdrawal fee at Trade Republic?

Bank transfer withdrawals are free. ATM withdrawals below EUR 100 carry a EUR 1 fee per transaction; ATM withdrawals of EUR 100 or more are free.

Does Trade Republic charge an inactivity fee?

No. Trade Republic does not charge an inactivity fee.

What is Trade Republic's currency conversion fee?

A conversion fee applies when trading securities denominated in a currency other than EUR. Card transactions in foreign currencies use Visa exchange rates with no additional fee charged by Trade Republic.

Does Trade Republic have a demo account?

No. Trade Republic does not offer a demo or paper trading account.

Does Trade Republic have a mobile app?

Yes. Trade Republic provides iOS and Android apps. The mobile app is the platform's primary interface and is designed for a clean, beginner-friendly experience.

Is Trade Republic good for beginners?

Trade Republic is well-suited to beginners due to its simple app, fractional shares from EUR 1, free savings plans and low flat EUR 1 trading fee. The absence of a demo account means new investors must use live funds from the start.

Is Trade Republic good for long-term investing?

Trade Republic is particularly suited to long-term investors who want low-cost ETF savings plans, fractional shares and interest on uninvested cash. It does not offer advanced trading tools, margin or short selling.

Bottom line

Trade Republic suits users who want a low-cost, mobile-first platform for long-term ETF investing, fractional shares and automated savings plans backed by a fully licensed EU bank. It may not suit users who need advanced charting, a demo account, live customer support, margin trading or access to non-European markets.

Trade Republic

Low-cost ETF and savings plan investors

Open Account

Your capital is at risk. Other fees apply.