🔥 Trade Republic Test 2021: Broker Experience & Rating

If you look at the various options that are available on the Internet in order to then be able to speculate and trade with different assets, you will probably come into contact with Trade Republic.

It is important to convince yourself at the beginning whether you are dealing with a reputable provider or not. If there is even the slightest suspicion that fraudulent intentions are being pursued, the services should not be used. No matter how tempting they may be.

Trade Republic website

In order to find out whether Trade Republic is a serious and also recommendable provider, you have to focus your gaze on a few points.

We generally recommend using eToro at Bitcoin-News.one to invest in cryptocurrencies. eToro is a so-called social trading broker that not only offers classic trading in crypto currencies, but also makes it possible to copy strategies and decisions by experienced and successful traders who are all on eToro.

Do you want to trade cryptocurrencies with the best conditions?

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.


Trade Republic Quick Reference - The most important facts about Trade Republic

  • Settlement account is provided by Solarisbank
  • Trade Republic can only be used by customers who have either a German or an Austrian bank account
  • Very lean fee structure
  • Stocks such as ETFs as well as savings plans and derivatives are available

Registration with the broker Trade Republic: Our step by step guide

If a look behind the scenes has shown that the Trade Republic offer fits together with your personal ideas, then the first step is to open an account. The registration process is simple and only takes a few moments. This means that even beginners who have never come into contact with such a provider will have no difficulties or face insurmountable obstacles when they want to open an account with Trade Republic.

1. Registration with Trade Republic 

Create a Trade Republic account

A prerequisite for opening an account with Trade Republic: a valid mobile phone number. Because in the course of the registration process, a four-digit code is sent to the stored telephone number. Only when the four-digit code has been entered on the registration platform will you be forwarded to the next page. Then personal data - this includes name, age and place of residence - must be entered.

Ultimately, one can say that it is a self-explanatory registration. As a rule, no questions will arise.

2. Verification

This is also not the case when it comes to verification. Trade Republic provides the VideoIdent procedure here. It is important that you have a photo ID, such as your ID card, ready and that you have activated the camera on your smartphone. The employee will then check the correctness of the data.

Due to an EU regulation, banks and brokers are obliged to obtain information about the previous knowledge of customers in the financial sector. Because if the customer wants to trade with a security of a higher risk class, he must be advised to take a higher risk. Ultimately, the “pre-reviews” that Trade Republic carries out are instructions from the legislature.

This means that as a new customer you shouldn't feel “questioned” by Trade Republic when it comes to specifying the types of securities that have been purchased so far. In the questionnaire, customers must state whether they have only bought shares so far or have also worked with warrants. It is up to the new customer whether or not to stick to the truth - it is advisable, however, as Trade Republic does not prohibit trading if one claims to be a beginner. Ultimately, inexperienced investors are only warned if they decide to undertake deals that involve extremely high risk.

3. deposit

A clearing account is opened as soon as the securities account is opened. The clearing account is provided by Solarisbank. The Berlin-based company does not act itself in relation to customers, but only takes on account management for Trade Republic.

In order to be able to buy securities or speculate with various assets, a deposit is required. In this case you need either a German or an Austrian bank account. If you have a current account from another country, it is not possible to use the Trade Republic service.

When opening a securities account, the customer receives an account number for his clearing account. As already mentioned, the account is provided by Solarisbank and is ultimately a non-interest-bearing overnight account.

Please note that the transfer of funds to the Trade Republic account can take one to three working days. If the money is available in the account, the first investments can be made.

4. Trading on the platform 

Trade Republic trading universe

The app is used for trading. This is an easy-to-use and very clear application. You can also use the app to buy individual securities or create a savings plan directly. In addition, the different courses can be called up quickly.

You can tell that Trade Republic has taken care to create an application that will delight even beginners.

What is Trade Republic Broker? The history of the broker

Trade Republic founder

Trade Republic is a Berlin-based fintech that received a banking license in January 2019. The offer is aimed primarily at private investors who are looking for a mobile and intuitive trading platform. Due to the fact that Trade Republic has a low-cost fee structure, it may be interesting to take a closer look at the offer.


Our Trade Republic experience: The Trade Republic conditions put to the test

In order to get an overview of which services are offered, how high the fees are and whether there are weaknesses or strengths, it is important to look behind the scenes of the provider.

Trade Republic does not yet offer trading in cryptocurrencies

Now that we've gone through the details of trading on Trade Republic, we're down to it BC1 it became clear that this exchange has great features and great conditions, but so far no trading with crypto currencies and has not planned to do so in the near future. We therefore recommend the eToro exchange.

Do you want to trade cryptocurrencies with the best conditions?

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.

Trading at Trade Republic: The offer of the individual trading instruments in the test

ETFs and stocks are traded over the counter on the L&S Exchange - trading takes place here between 7:30 a.m. and 23 p.m. The spreads are tied to these during Xetra opening times - but not before or after. Xetra trading hours start at 9 a.m. and end at 17 p.m.

securities

A limited range of securities is currently being made available. There are stocks, ETCs, ETFs and derivatives - i.e. warrants, knock-out products and certificates. The 1.800 ETFs all come from Lyxor, Amundi, iShares or WisdomTree and Xtrackers. In addition to over 7.500 shares, there are also over 40.000 warrants such as certificates. The derivatives are issued by HSBC.

savings plans

Equity and ETF savings plans are also available - they can be executed free of charge at the Lang & Schwarz Exchange. The minimum amount to open a savings plan is 10 euros.

The functions of the Trade Republic trading platform

Trade Republic convinces with a very simply designed Trading platform that will not pose any hurdles even to beginners. Anyone interested in stocks such as ETFs or derivatives will be amazed at how easy it is to work with them through Trade Republic.

Trade Republic account types

Trade Republic only provides one type of account.

The Trade Republic App

Trade Republic App

The mobile application can then be used to access the depot from anywhere. The app is easy to use and will not pose any challenges even to beginners.

The deposit methods at Trade Republic

Payments can be made by bank transfer, i.e. by bank transfer.

Trade Republic security

Trade Republic logo

Of course you want to be sure that with Trade Republic you are using the services of a broker who is reputable. Because trading on the stock market may already be dangerous enough to some extent - there shouldn't be any additional danger on the part of the broker.

Regulation of Trade Republic

Trade Republic is a German one Broker. The seat of the provider is in Berlin. For this reason, the Federal Financial Supervisory Authority - BaFin for short - is responsible for Trade Republic. Trade Republic has had a banking license since 2019. Due to the official approval as a securities trading bank, the Trade Republic may also belong to the EdW - that is the compensation scheme for securities trading companies. This means that the securities are then actually stored with Trade Republic and not with a partner company. The services of HSBC Transaction Services are used for processing.

Trade Republic Deposit Insurance

Solarisbank provides the clearing account - Solarisbank also has a German banking license. Thus, the credit of 100.000 euros / customer is secured.

Trade Republic customer service

Registration may be problem-free, but if you want to contact an employee of the company, you will notice that it is sometimes not that easy. Especially with a view to the waiting times that seem to have to be accepted in the course of making contact. To be fair, it should be mentioned at this point that direct banks repeatedly have problems with the availability of employees - Trade Republic is therefore struggling with an industry-specific problem.

The employees can either be contacted via the German telephone number 0049 30 54 90 63 10 or by email.

Trade Republic Terms: Fees & Costs

Trade Republic Fees and Terms

No matter how appealing the trading offer may be - fees and costs that are too high reduce profits, so you should pay attention to the fee model that the broker follows.

fees

  • Custody Fee: Trade Republic does not charge a custody fee.
  • Clearing account fee: The clearing account is also provided free of charge.
  • Exchange fee: Since trading at Trade Republic only takes place via the Lang & Schwarz Exchange, an unbelievably low price of 1 Euro is offered. However, this may not be the transaction fee, but the flat rate for third-party costs. If there is a partial execution, the aliquot cost allocation takes place. In the case of a same-day execution, only the one-off flat rate for foreign expenses will be charged; Orders executed by post, changes and deletions are charged at 25 euros.
  • Foreign exchange fee: The margins on the foreign exchange positions depend on the currency you are working with - however, you are in a marginal range, so you can make the claim that Trade Republic will not earn anything with it.
  • Dividend Fee: Trade Republic also waives the dividend fee.


Experiences and user opinions about Trade Republic on the Internet

If you look for testimonials on the Internet, you will notice that there are some very positive reports such as experiences. Whenever the majority of reports and experiences are positive, it may be advisable to study the offer in more detail. If you find that the negative comments predominate, it may be advisable to look for another provider.

Trade Republic user opinions and experiences

Is Trade Republic Scam or Reputable? Our Trade Republic rating

Due to the fact that Trade Republic has a banking license - that is, it is regulated by BaFin - it may be a reputable provider who can be trusted.

Trade Republic Cons: What Did We Dislike?

On the negative side, it should be noted that trading only takes place on the Lang & Schwarz Exchange and there are few additional orders. In addition, no other banking services are available. The customer service is also in need of improvement, as not only a few channels for making contact are offered here, but sometimes long waiting times have to be accepted.

It should be noted that Trade Republic can only be used if the customer has a German or Austrian bank account.

We from Bitcoin-News.one find that Trade Republic is a great broker, but so far it does not offer trading in cryptocurrencies. We therefore recommend that you have an account with eToro to create and trade in cryptos there.

Do you want to trade cryptocurrencies with the best conditions?

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.

Trade Republic Benefits: What We liked

Ultimately, however, the advantages outweigh the advantages of Trade Republic. The broker works with very low fees and is also a real stock broker. The regulation takes place by the BaFin, so that one can say that Trade Republic is serious - one does not have to be afraid of fraudulent machinations. Furthermore, the money is protected up to 100.000 euros / account (deposit protection).

The bottom line: that's what we think at Bitcoin-News.one!

Trade Republic is convincing on several levels. For this reason, the recommendation can be made to take a closer look at the provider if you want to work with stocks or ETFs or open a savings plan.

Frequently asked Questions: 

Trade Republic is a broker that offers trading in cryptocurrencies - there is also the option to speculate with other assets.

If you come to the result in the course of the review that the broker fulfills the self-imposed requirements, then this can be classified as recommended.

Trade Republic ultimately provides the tool for successful trading - it just has to be used properly.

A recommendable provider whose services can very well be used. However, if you want to trade cryptocurrencies, then you should trade with eToro.

Do you want to trade cryptocurrencies with the best conditions?
eToro logo

Start on eToro, the test winner crypto broker from Bitcoin-News.one

SIGN UP NOW
Cryptoasset investments are unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. Not ready yet? Read our Etoro review.

Thomas Cormik

Thomas Cormik started out with the sole focus on educating his readers about Bitcoin and its potential impact on traditional financial systems. Thomas prides itself on bringing quality content to the masses under the Bitcoin-News.one banner.

More articles on the topic:

Exchanges
🔥 Smartbroker Test 2021: Broker Experience & Rating

Smartbroker test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Mkhontofinancial.com test 2021: broker experiences

Mkhontofinancial.com test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Capixal.com test 2021: broker experiences & rating

Capixal.com test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Tradedwell Test 2021: Broker Experience & Rating

Tradedwell.com test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bitfinex test 2021: broker experiences & rating

Bitfinex test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Trade Republic Test 2021: Broker Experience & Rating

Trade Republic Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Coinbase Pro test 2021: broker experiences & rating

Coinbase Pro Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Anycoin Direct Test 2021: Broker Experience & Rating

Anycoin Direct Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bitpanda test 2021: broker experiences & rating

Bitpanda test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Open a Bitcoin account guide 2021: Bitcoin account test & comparison

Open Bitcoin Account Instructions 2021: Bitcoin Account Test & Comparison 🥇 Best Bitcoin Account Germany 🥇 Simply create a crypto account

Learn more...
🔥 Capital.com review 2021: broker experience & rating

Capital.com Test 2021: Experience & Rating of the Broker 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 HFTrading Test 2021: Broker Experience & Rating

HFTrading Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 FXTB test 2021: broker experiences & rating

FXTB test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Trading 212 test 2021: broker experiences & rating

Trading 212 test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 QTrade Test 2021: Broker Experience & Rating

QTrade Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Markets.com review 2021: broker experience & rating

Markets Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Admiral Markets Test 2021: Broker Experience & Rating

Admiral Markets Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 AvaTrade Test 2021: Broker Experience & Rating

AvaTrade Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 FxPro Test 2021: Broker Experience & Rating

FxPro Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 IG Test 2021: Broker Experience & Rating

IG Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 XM Test 2021: Broker Experience & Rating

XM Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 GKFX test 2021: broker experiences & rating

GKFX in the test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Flatex Test 2021: Broker Experience & Rating

Flatex test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 BDSwiss Test 2021: Broker experiences & evaluation

BDSwiss Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 OInvest Test 2021: Broker Experience & Rating

OInvest test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Ubrokers test 2021: broker experiences & rating

Ubrokers Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 XTB test 2021: broker experiences & rating

XTB test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Libertex test 2021: broker experiences & rating

Libertex test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 IQ Option Test 2021: Broker Experience & Rating

IQ Option Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 FXCM Test 2021: Broker Experience & Rating

FXCM test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Investous Test 2021: Broker Experience & Rating

Investous test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 ETFinance.eu test 2021: broker experience & rating

ETFinance.eu test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 T1 Markets Test 2021: Broker Experience & Rating

T1 Markets Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 ROInvesting Test 2021: Broker Experience & Rating

ROInvesting Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Global.TradeATF Test 2021: Broker Experience & Rating

Gloabl.TradeATF test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 101Investing Test 2021: Broker Experience & Rating

101Investing Test 2021: experience & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 ExCentral Test 2021: Broker Experience & Rating

ExCentral Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Stormgain Test 2021: comparison & experience with the Exchange

Stormgain Test 2021: Comparison & experiences with the Exchange 🥇 What are the conditions? 🥇 Our rating 🥇

Learn more...
🔥 Ternion Test 2021: Broker Experience & Rating

Ternion test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 PrimeXBT test 2021: broker experiences & rating

PrimeXBT test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bitmex test 2021: Exchange experiences & rating

Bitmex test 2021: experiences & evaluation of the Exchange 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
Binance versus KuCoin ▷ which exchange is better? Our experiences, fees & more

What you need to know about the two crypto exchanges! BC1 explains where the differences between Binance and KuCoin lie and which exchange is best for you! ✓ Our experiences ✓ Click here for more information!

Learn more...
Binance for the iPhone ▷ Everything about the Exchange iOS app!

What you need to know about the Binance app for the iPhone! BC1 explains how to use and set up the iOS app from Germany. ✓ Review test ✓ Click here for more information!

Learn more...
Binance App Test & Experience ▷ Everything about the desktop app!

What you need to know about the Binance desktop app! BC1 explains how to use the app from Germany and what the advantages are. ✓ Review test ✓ Click here for more information!

Learn more...
🔥 Changelly Test 2021: Exchange Experience & Rating

Changelly Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 HitBTC test 2021: Exchange experiences & rating

HitBTC Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Bittrex Test 2021: Exchange experiences & rating

Bittrex test 2021: experiences & evaluation of the Exchange 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 YoBit test 2021: Exchange experiences & rating

YoBit Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 The 5 Best Coinbase Alternatives ▷ Exchange Comparison

The 5 best Coinbase alternatives 2021! 🥇 Best Coinbase alternative in Germany, Austria & Switzerland Trade cryptocurrencies now with the best conditions! 🥇

Learn more...
🔥 Binance Test 2021: Exchange experiences & rating

Binance Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Coinbase test 2021: our experiences & evaluation

Coinbase test 2021: experiences & evaluation of the exchange 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Plus500 test 2021: our experiences & evaluation

Plus500 test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 eToro test 2021: our experiences & evaluation

eToro Test 2021: experiences & evaluation of the broker 🥇 fraud or serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 Kraken Test 2021: Exchange Experience & Rating

Kraken Test 2021: Experience & Evaluation of the Exchange 🥇 Scam or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...
🔥 KuCoin Test 2021: Exchange experiences & rating

KuCoin Test 2021: Experience & Evaluation of the Exchange 🥇 Fraud or Serious? 🥇 Our experience with the costs and conditions🥇

Learn more...