Trade Republic at a glance
An established multi-asset broker, reviewed by the Tradelytic team and rated by traders.
European Neobroker with Banking Integration and High-Yield Savings
Trade Republic is a major European neobroker and full-service German bank (regulated by BaFin and the ECB). Built specifically for long-term investors and retail savers, the platform provides direct access to thousands of European and US equities and ETFs. In addition, users can invest in corporate/government bonds, fractional shares, and digital assets.
Flat-Fee Model and Automated Savings Plans
The broker features a simplified fee structure, charging a flat €1 settlement fee per trade regardless of order volume. There is also a €0 commission on automated ETF and stock savings plans. Additionally, Trade Republic doubles as a high-yield cash account. It passes interest directly on uninvested cash balances up to official deposit limit caps backed by European deposit guarantee schemes.
Our verdict
The Tradelytic editorial assessment — independent of any commercial relationship.
Trade Republic offers an excellent, accessible ecosystem for European retail investors looking to build long-term wealth through automated stock/ETF savings plans and fixed-income assets. Its full German banking license, transparent €1 trade fee, and competitive interest rates on cash deposits make it a strong option for passive investors.
The primary limitations stem from its streamlined design. Trade Republic does not offer standard multi-asset margin leverage, direct FX/CFD trading, advanced technical charting workstations (like MT4/MT5), or paper trading simulators. Furthermore, active traders face order routing constraints as executions are primarily routed via specific venues (such as LS Exchange/Tradegate).
Our take: Trade Republic is a top-tier choice for European long-term investors, ETF dollar-cost-averagers, and savers seeking low fees and safe banking integration.
Pros & cons
The honest summary, weighed from our testing and trader feedback.
- Full German Banking License: Regulated by BaFin and ECB with European deposit protection up to €100,000.
- €0 Commission Savings Plans: Completely free automated recurring investments in stocks and ETFs.
- Interest on Cash: Earn interest on uninvested cash balances held directly in the clearing account.
- Simplified Pricing: Flat €1 third-party settlement fee per trade execution regardless of size.
- Fractional Shares: Buy fractional pieces of expensive European and US stocks starting from €1.
- No demo/paper trading account available for strategy testing.
- No traditional leverage, margin accounts, or standard forex/CFD trading.
- Limited execution venues (orders are routed primarily via LS Exchange / Tradegate).
- Interface lacks advanced technical charting tools and order types for high-frequency day traders.
Who it's for
Here's how to tell if this broker is right for you.
- Are an EU-based investor looking for a simple, low-cost platform to build stock, bond, or ETF portfolios.
- Want to set up automated monthly savings plans with $0 commission fees.
- Want to earn yield on uninvested cash under full European banking protection.
- Prefer fractional share investing on mobile and web platforms.
- Are an active day trader who requires MetaTrader 4/5, advanced charting, or ECN routing.
- Require high financial leverage or standard forex/CFD trading capabilities.
- Require telephone order desk execution or deep multi-broker API integration.
Fees & platforms
What it costs to trade, and what you'll trade on.
Trade Republic operates on a streamlined, low-cost pricing model tailored for long-term investors and retail savers, eliminating monthly subscription fees, account maintenance charges, and custody fees. Accounts require no minimum deposit (€0). Below is a detailed breakdown of spreads, commissions, non-trading fees, platform tools, and account features.
Spreads
Spreads at Trade Republic are linked directly to the primary reference exchanges (e.g., Xetra for European equities) during official market hours. Outside core market operating hours, bid/ask spreads on quoted liquidity providers (e.g., LS Exchange) may widen slightly.
Commission Fees
Individual Stock & ETF Trades: €1.00 flat external settlement fee per executed trade (regardless of transaction size).
Automated Savings Plans: €0.00 commission on recurring stock, ETF, and crypto savings orders.
Bonds: €1.00 flat fee per trade for government and corporate debt securities.
Derivatives (Warrants/Certificates): €1.00 flat fee per execution (partner derivatives may incur zero fees depending on promo tiers).
Swap Fees
Trade Republic does not offer standard margin trading or overnight CFD financing. Position holding costs do not apply to direct stock or ETF purchases. Structured products and factor certificates carry internal issuer holding charges reflected in product pricing.
Withdrawal Fees
Standard SEPA bank transfers for account funding and withdrawals are completely free of charge (€0). Card deposits or mobile wallet payments (e.g., Apple Pay) may incur a ~0.7% to 1% processing fee after initial promotional funding thresholds.
Platforms & Software
Trade Republic operates through its proprietary mobile and web ecosystem:
Mobile App (iOS / Android): Minimalist, high-speed interface designed for portfolio management, price alerts, recurring orders, and card payments.
Web App: Clean browser interface for desktop tracking, order execution, and account reporting.
Demo Account: Not available. Third-party trading tools such as MT4, MT5, or cTrader are not supported.