Trade Republic Review 2026
Trade Republic is a German neobroker and licensed bank that has become one of Europe's most popular ways to invest. Its model is refreshingly simple: a flat €1 fee per trade on stocks, ETFs, bonds and crypto, and completely free ETF savings-plan executions from as little as €1. On top of that it pays interest on uninvested cash and runs a Saveback card scheme. It is available across most of the eurozone.
Reviewed by Yaniv Barshaf, CPA · Fees verified 6 October 2026 · Our methodology
Disclosure: FeesWizard may earn a commission if you open an account through links on this page. This never affects our fee data or rankings — how we make money.
Trade Republic fees at a glance
- Stock commission
- €1 flat per trade (Best Price execution); €2 per order for Direct Price routing to a chosen exchange (Xetra, NYSE, etc., since July 2026)
- Currency conversion
- Euro-based accounts; a currency-conversion cost applies on non-euro instruments where relevant
- Withdrawal fee
- Free to a linked bank account
- Inactivity fee
- None
- Minimum deposit
- none
- Regulated by
- BaFin, Bundesbank
Fees verified 6 October 2026 against Trade Republic's own pricing pages. How we verify
Our verdict on Trade Republic
Trade Republic is one of the best-value neobrokers in the eurozone — a flat €1 per trade, free ETF savings plans and interest on cash, all in a simple app. Just note it is not available in the UK and keeps research light.
Get started with Trade RepublicCapital at risk. This is not financial advice. Investing involves risk of loss.
Recent fee changes at Trade Republic
- Trade Republic adds a €2 "Direct Price" order option — effective 1 July 2026
€1 flat per order (Best Price execution only) → €1 Best Price, or €2 per order to route directly to a chosen exchange
Fees
- Stock commission: €1 flat per trade (Best Price execution); €2 per order for Direct Price routing to a chosen exchange (Xetra, NYSE, etc., since July 2026)
- Withdrawal: Free to a linked bank account
- Inactivity: None
- Currency conversion: Euro-based accounts; a currency-conversion cost applies on non-euro instruments where relevant
- Custody and spreads: Free ETF savings-plan executions (from €1); market spreads apply, plus a small spread surcharge on crypto
Wondering how your money is protected? Read what happens if a broker goes bust →
Who Trade Republic is best for
Trade Republic suits cost-focused eurozone investors who want dead-simple pricing and, above all, anyone building wealth through regular ETF savings plans — those executions are free. It also appeals to savers who want interest on idle cash inside the same app. It is a weaker fit for UK investors (it is not available in the UK and has no ISA), and for those who want deep research, a wide choice of order types, or a desktop-grade platform.
Trade Republic fees in plain English
Every buy or sell of a stock, ETF, bond or crypto costs a flat €1 external-settlement fee — and if an order fills in several parts on the same day, you still pay just €1. Since July 2026 there is also a second execution mode: Direct Price, which lets you route your order straight to a chosen exchange (around 30 venues, including Xetra, Euronext, NYSE and Nasdaq) for a flat €2 per order regardless of size — introduced after the EU-wide ban on payment for order flow took effect on 30 June 2026. The default Best Price execution remains €1. ETF savings-plan executions are free, which makes drip-feeding a portfolio genuinely cost-free. There is no account fee, no withdrawal fee and no inactivity fee. Trade Republic also pays interest on uninvested cash, linked to ECB rates, though the exact rate varies by country and moves with monetary policy, so treat any headline figure as a snapshot rather than a promise.
Safety and regulation
Trade Republic is a fully licensed German bank supervised by BaFin and the Bundesbank, and has operated since 2015. Uninvested cash is a bank deposit protected up to €100,000 under the German statutory scheme; your securities are held in custody. As always, protection covers firm failure, not market losses — capital at risk.
How Trade Republic compares on cost
Against Scalable Capital, the two are close: Trade Republic's flat €1 undercuts Scalable's €0.99-per-trade FREE Broker only marginally, but Scalable's PRIME+ flat rate can be cheaper for very active traders. Against DEGIRO, Trade Republic is simpler but DEGIRO's Core Selection ETFs can be cheaper still. For free savings plans and one-tap simplicity, Trade Republic is hard to beat. Our fee calculator shows the annual cost for your own pattern.
Is Trade Republic available in the UK?
No. Trade Republic serves residents of eurozone countries, including Germany, France, the Netherlands, Spain, Italy and Ireland, and does not open accounts for UK residents, so there is no Stocks and Shares ISA and no sterling account. The nearest UK equivalents on price are Trading 212 (0% commission, 0.15% FX), Lightyear (0% commission, 0.10% FX on UK accounts) and InvestEngine (ETF-only, no fees at all), each with a free ISA.
Our Trade Republic score: 4.6/5
How this is calculated →Computed from the fee data on this page, not assigned by hand. Our commercial relationships are not an input.
- Cost (45% of the score)91/100
Averages 0.04% of the portfolio a year in charges across our three benchmark investors.
- Regulation & protection (20% of the score)75/100
Regulated by BaFin, Bundesbank. Tier-one regulators (FCA, BaFin, SEC and equivalents) carry the most weight.
- Market & account breadth (15% of the score)90/100
Covers 4 of the asset classes we price and 1 account type.
- Accessibility (10% of the score)100/100
Minimum deposit none; supports fractional shares; has mobile app.
- Fee transparency (10% of the score)100/100
Publishes a schedule complete enough to model every charge and charges no inactivity fee.
Pros and cons
Trade Republic
Pros
- +Flat €1 per trade — one of the simplest, cheapest fee models in Europe
- +Free ETF savings-plan executions from €1
- +Pays interest on uninvested cash (linked to ECB rates)
- +Licensed German bank with €100,000 statutory deposit protection on cash
Cons
- −No individual UK ISA or UK availability — eurozone-focused
- −Deliberately minimal platform with limited research and tools
- −Interest rate on cash varies by country and can change with ECB policy
Trade Republic
Best €1-flat neobroker for low-cost investing in the eurozone
Capital at risk. This is not financial advice. Investing involves risk of loss.
Trade Republicfees & safety, in depth
Compare Trade Republic head-to-head
Trade Republic vs alternatives
| Feature | Trade Republic | Lightyear | Trading 212 |
|---|---|---|---|
| Rating | 4.6 / 5 | 5 / 5 | 4.9 / 5 |
| Stock commission | €1 flat per trade (Best Price execution); €2 per order for Direct Price routing to a chosen exchange (Xetra, NYSE, etc., since July 2026) | UK personal accounts (GIA and ISA): no execution fee on UK, US and European stocks or ETFs. EU accounts: GBP 1 per order on UK stocks, EUR 1 per order on EUR-denominated stocks, 0.1% on other European stocks, and 0.10% (min $0.10, max $1) on US stocks. ETFs are execution-fee-free on both. | 0% |
| Withdrawal fee | Free to a linked bank account | Free by local bank transfer. USD wire payments are charged (up to $8.50 UK, $6.11 EU). | Free |
| Inactivity fee | None | None | None |
| Min deposit | None | None | £1 |
| Fractional shares | Yes | Yes | Yes |
| Demo account | No | No | Yes |
| Regulators | BaFin, Bundesbank | FCA, EFSA | FCA, CySEC |
Frequently Asked Questions
Is Trade Republic safe, and how is my money protected?
Yes. Trade Republic Bank GmbH holds a full German banking licence supervised by BaFin and the Bundesbank. Uninvested cash is protected under the German statutory deposit guarantee up to €100,000 per person, and your securities are held in segregated custody at HSBC and Citi, with the German Investor Compensation Scheme covering up to €20,000 for any shortfall. None of this covers market losses. Capital at risk.
Does Trade Republic charge a currency conversion fee?
Trade Republic accounts are euro-based and its price list has no separate FX line. A currency-conversion cost applies on non-euro instruments where relevant, but it is not itemised as a percentage the way Trading 212's 0.15% or eToro's roughly 0.75% is, so compare execution prices rather than a published rate.
Is Trade Republic available in the UK?
No. Trade Republic is a eurozone broker and does not accept UK residents, so there is no Stocks and Shares ISA. UK investors should compare Trading 212, Lightyear or InvestEngine for similar low-cost pricing with an ISA.
Trade Republic or Scalable Capital: which should I pick?
Trade Republic charges €1 flat per trade; Scalable Capital charges €0.99 on its own European Investor Exchange (free for PRIME ETF purchases of €250 or more) but €1.99 per order on Xetra and gettex, with a €4.99/month PRIME+ flat rate for frequent traders. ETF savings plans are free at both. Pick Trade Republic for simplicity, Scalable for lump-sum PRIME ETF buys or heavy trading. Our head-to-head comparison has the full breakdown.
Does Trade Republic pay interest on uninvested cash?
Yes. Interest on cash is linked to ECB rates and paid inside the same app. The exact rate varies by country and moves with monetary policy, so treat any headline figure as a snapshot rather than a promise.
What are Trade Republic's fees?
Stock commission: €1 flat per trade (Best Price execution); €2 per order for Direct Price routing to a chosen exchange (Xetra, NYSE, etc., since July 2026). Withdrawal: Free to a linked bank account. Inactivity: None.
What is the minimum deposit for Trade Republic?
The minimum deposit is none.
Trade Republic
Best €1-flat neobroker for low-cost investing in the eurozone
Capital at risk. This is not financial advice. Investing involves risk of loss.