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Trade Republic Review
Trade Republic is a German app only broker and bank that mainly serves European Union countries, not a classic forex or CFD trading platform.
Min Deposit
N/A
Spreads From
Around 1 euro per order under the default execution option
Max Leverage
Not offered, this is not a leveraged forex or CFD broker
Platforms
Trade Republic app
Pros
- Full bank license from BaFin and the ECB since December 2023
- Low, simple order fees of around 1 euro under the default option
- Covers stocks, ETFs, bonds, options, and crypto in one app
- Interest paid on uninvested cash, linked to the ECB rate
Cons
- Customer complaints more than doubled during 2025 per consumer groups
- BaFin has opened a formal look into its customer service practices
- App outages have blocked trades and order cancellations in the past
- Briefly blocked stock purchases during the 2021 GameStop rally
- Not built for leveraged forex or CFD trading
Trade Republic began in 2015 in Munich as a phone based trading app. The banking company behind it, Trade Republic Bank GmbH, was set up in Berlin in 2019. In December 2023, BaFin and the European Central Bank gave it a full banking license, so client cash can now sit inside its own bank.
The app covers stocks, ETFs, bonds, options, and crypto, plus a savings account with interest that follows the ECB rate. Most orders cost around 1 euro under the default execution option, and free savings plans exist for small regular investing. It operates across roughly 18 European Union countries, not just Germany.
Complaints about Trade Republic more than doubled in 2025, mostly about slow customer support and app problems, and BaFin has opened a formal look into its practices after thousands of complaints. In 2021, during the GameStop rally, Trade Republic briefly blocked new stock purchases, which alone drew over 4,000 BaFin complaints.
Max Leverage
Not offered, this is not a leveraged forex or CFD broker
Spreads From
Around 1 euro per order under the default execution option
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
