Berlin neobroker with a full German banking licence; flat €1 order fee, free ETF savings plans and interest on uninvested cash.
- Headquarters
Germany- Founded
- 2015
- Type
- Share & ETF brokers
- Licences on record
- 1 (1 European)
- EU client entity
- Trade Republic Bank GmbH (BaFin / Bundesbank)
- Platforms
- Own platform
- Products
- Stocks, ETFs, Bonds, Crypto, Cash / savings
- Website
- traderepublic.com
Strengths
- Full German banking licence – cash is protected by the German deposit guarantee
- Free savings plans on thousands of ETFs and shares, from small amounts
- Flat €1 external cost per order on one-off trades
- Interest on uninvested cash, card and account in one app
Watch-outs
- Limited choice of execution venues for one-off trades
- Few advanced order types and limited analysis tools
- EU-wide payment-for-order-flow ban from mid-2026 may change pricing
Overview
Trade Republic was founded in Berlin in 2015 and launched its app in 2019. It became one of Europe's largest neobrokers and holds a full German banking licence, operating across many euro-area countries.
Protection
As a bank, Trade Republic holds client cash as deposits covered by the German statutory deposit guarantee up to €100,000, and securities in custody segregated from its own assets.
Products
Shares, ETFs, bonds, derivatives (such as warrants in some markets), crypto and savings plans, with fractional investing. The core use case is monthly ETF savings plans, which are free of order costs.
Our view
For EU residents who mainly want to invest regularly in ETFs, Trade Republic combines low costs with bank-level protection. Active traders will find it basic. See ETF savings plans in Europe.
Licences on record
Brands often operate several companies. The one that onboards you depends on where you live, and that company's regulator decides your protection. Confirm the entity on the official register before you deposit.
| Regulator | Jurisdiction | Type | Check it |
|---|---|---|---|
| BaFin Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) | Germany |
EU/EEA – passportable | Official register |
What protection would you get?
If you are a retail client of Trade Republic's European entity, these safeguards apply by law. Which one applies to you depends on the entity you sign with.
- Investor compensation: 90% of the claim, up to €20,000 per investor (investment firms) – EdW – Entschädigungseinrichtung der Wertpapierhandelsunternehmen
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Bankenombudsmann (private banks) or BaFin arbitration board
- Best forex brokers in Germany
Verify Trade Republic yourself
- Find the exact company name in the footer of the website and in the client agreement you are asked to sign.
- Search that name on the register of the regulator listed for your country (links above). Make sure the register shows the same website domain.
- Check warning lists for look-alike names: IOSCO I-SCAN covers alerts from regulators worldwide.
- Never download remote-access software or move money because someone "from the broker" phoned you. How clone-firm scams work.
Protection Score breakdown
| Factor | Points |
|---|---|
| Holds at least one European licence (EU/EEA, UK or Swiss) | +40 |
| ESMA/FCA retail protections available (leverage caps, negative balance protection, compensation scheme) | +15 |
| Group holds a banking licence (higher capital requirements) | +8 |
| Operating for 11 years | +7 |
| Total | 70/100 |
The score measures structural protection from licences and corporate facts, not costs, service or platform quality. A high score does not mean a firm is right for you. Methodology.
Trader experiences
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About this data
Profile type: reviewed profile. Licence data is from our research and has not yet been re-checked against every register; confirm it on the official register before relying on it. Last updated 30 September 2026.
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