Trade Republic Review 2024: A Deep Dive into the Investing App

What is Trade Republic?

Trade Republic is a German fintech company that functions as both an online broker and a bank. It operates on a mission to democratize finance by providing simple, secure, and commission-free access to the financial system. With over 8 million users across 17 European countries and more than 100 billion euros in client assets, Trade Republic has established a significant presence.

The company's core offering is its mobile app, which allows users to invest, save, and bank from a single platform. It offers a broad range of investment products, including stocks, ETFs, crypto, corporate and government bonds, and derivatives. A key feature is the ability to start investing with as little as €1, making it highly accessible for new investors.

In terms of fees, the model is straightforward. The broker offers commission-free savings plans for stocks, ETFs, and crypto. For single trades, there is a €1 flat fee plus third-party costs and spreads. The company also offers a current account with a 2% annual interest rate on unlimited cash, which is a major draw. For daily spending, they offer a subscription-free card with a 1% “Saveback” feature that invests a portion of your spending into a savings plan.

The platform's security is a critical factor for users. Trade Republic is a fully licensed German bank, regulated by the BaFin (Federal Financial Supervisory Authority) under license number 10150368. All client funds are held in omnibus trust accounts with partner banks such as Deutsche Bank, J.P. Morgan SE, HSBC, and Citibank Europe, and are protected by Germany's statutory deposit guarantee scheme up to €100,000.

What Are the Pros & Cons of Trade Republic?

Before you decide to open an account, it is crucial to weigh the advantages and disadvantages. Based on our analysis of the platform's features and user feedback, here is a balanced overview:

FAQs about Trade Republic Login

This section addresses common questions about the login process and account security for Trade Republic.

Q: What should I do if I forget my Trade Republic PIN?

A: If you forget your PIN, you can initiate a PIN reset directly from the login screen. Tap on “Forgot PIN,” enter your phone number, and follow the identity verification steps. You may be required to verify your identity with a valid ID document and a selfie.

Q: How can I secure my Trade Republic account?

A: Trade Republic prioritizes security. To protect your account, do not share your login PIN with anyone. It is also recommended that you do not save your PIN on your phone or use the same PIN for both your phone and your Trade Republic account. You can change your PIN in the app if you suspect it has been compromised.

Q: Can I access my account from multiple devices?

A: Trade Republic is a mobile-only platform designed for a single user on their personal device. While you can log in on a new device, it is important to follow the necessary security protocols.

User Feedback on Trade Republic

We have compiled feedback from actual users to provide a balanced and honest perspective on the Trade Republic experience.

• “The app is so slick and easy to use. I was able to set up my first savings plan in minutes and the 2% interest on my cash is a huge bonus. It's a great starting point for someone like me who's new to investing.”
• “My account got locked and I have been waiting for a response from customer support for weeks. There is no phone number, and email replies are non-existent. It's an absolute nightmare when something goes wrong. The low fees don't matter if you can't access your money.”
• “I appreciate the simplicity of the platform, but the lack of advanced charts and technical indicators is frustrating. It's fine for long-term investments, but for active trading, it feels very limited.”

Disclaimer: Investing involves risk. The value of your investments can go up or down, and you may lose some or all of your capital. Past performance is not a reliable indicator of future results. It is essential to conduct your own research and understand the risks involved before making any investment decisions.