What is TRADE REPUBLIC？
Trade Republic is a China-based online stockbroker that was founded in 2015 and has been making waves in the news. Labelled as Europes first mobile-only, commission-free broker, Trade Republic offers European, American and Asian stocks and ETFs, along with a range of derivatives and blockchain tokens.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
Pros of Trade Republic:
Various Business Scopes: Trade Republic offers a wide range of investment options, allowing users to trade securities, derivatives, and cryptocurrencies all within one account. This allows for portfolio diversification and flexibility in investment strategies.
Commission-Free Trading: Trade Republic operates on a commission-free model for its assets, meaning users can trade without incurring additional costs for each transaction. This can be advantageous for frequent traders who aim to keep their trading expenses low.
Social media presence: Trade Republics existence on social media platforms can offer users additional channels to stay updated with the latest market trends, news, and educational content.
FAQ section available: Trade Republic provides an FAQ (Frequently Asked Questions) section on its platform. This resource can be helpful for users to find quick answers to common queries about account setup, trading processes, fees, and other relevant topics.
Cons of Trade Republic:
Not Regulated: As of now, Trade Republic is not regulated by any financial regulatory authority. This can raise concerns for some users who prioritize trading with regulated brokers for added security and investor protection.
Limited Range of Payment Options: Trade Republic has a limited range of payment options available. While bank wire transfers are supported, the platform lacks the diversity of payment methods that some users may prefer, potentially limiting convenience and flexibility in managing funds.
No Demo Accounts: Trade Republic does not offer demo accounts for users to practice trading or familiarize themselves with the platform before committing actual funds. This may be a drawback for beginners or individuals who prefer to test the platform's features before fully engaging in real trading.
Limited Communication Channels: Trade Republic has limited communication channels for customer support. Users may face challenges in reaching out to the platform for assistance or addressing any concerns they may have.
Is TRADE REPUBLIC Safe or Scam？
TRADE REPUBLIC currently has no valid regulation, which means that there is no government or financial authority oversighting their operations. It makes investing with them risky.
If you are considering investing with TRADE REPUBLIC, it is important to do your research thoroughly and weigh the potential risks against the potential rewards before making a decision. In general, it is recommended to invest with well-regulated brokers to ensure your funds are protected.
Trading Products
Trade Republic offers its clients access to three categories of tradable assets.
The first category includes exchange-traded securities, such as spot stocks and ETFs. They provide a wide range of options with over 8,000 German and international stocks and 500 ETFs based on stocks, indices, commodities, and currencies. Investors can also invest in fractional shares and penny stocks.
The second category includes derivatives. Trade Republic offers more than 40,000 derivatives, including CFDs on stocks, indices, currencies, and commodities.
In addition to traditional assets, Trade Republic introduced cryptocurrency trading for German investors in early 2021. Clients have the option to buy, hold, or sell popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).
Accounts
Trade Republic provides a single account option that grants users access to all of its brokerage services. This streamlined approach allows investors to easily diversify their portfolio by investing in various asset types using just one account.
The advantage of this unified account is that it simplifies the process and removes common barriers for individuals with lower capital. By offering a single account that covers all investment options, Trade Republic aims to make investing more accessible and user-friendly for a wide range of clients.
Commissions
Trade Republic positions itself as a commission-free platform for all its assets. However, it is important to note that there is a flat €1 fee per trade settlement to cover third-party costs, regardless of the transaction volume. This fee is applicable to all trades and remains the same regardless of the size of the investment.
Despite this minimal charge, Trade Republic aims to provide a cost-effective trading experience for its users by eliminating traditional commission fees on the assets available on its platform.
Trading Platforms
Trade Republic was specifically designed to cater to the needs of mobile traders, investing significant time and effort into creating a seamless application for its clients. With a focus on providing trading services exclusively through mobile devices, Trade Republic has crafted a well-developed application that allows users to trade securities, derivatives, and cryptocurrencies with simplicity and convenience. The trading platform is available for download on both iOS and Android (APK) devices, ensuring accessibility for a wide range of users. The application boasts an intuitive user interface that is user-friendly and offers decent functionality, making it easier for traders to navigate and execute trades efficiently while on the go.
Deposits & Withdrawals
Trade Republic has limited options available for funding and withdrawing funds from trading accounts.
One of the options is bank wire transfers, which typically take one to three working days to clear.
Additionally, Trade Republic supports immediate payment clearing through other methods such as credit and debit cards (Visa or Mastercard), Google Pay, and Apple Pay. These instant payment methods allow for immediate access to deposited funds and quick withdrawals. The availability of multiple payment options gives Trade Republic users flexibility in managing their trading accounts and accessing their funds efficiently.
Trading Hours
Trade Republic offer some of the most extensive trading hours of licensed and regulated European stockbrokers. All securities can be traded between 07:30 GMT+2 and 23:00 GMT+2, derivatives trading is supported between 09:00 GMT+2 and 22:00 GMT+2 while cryptocurrency trading is available 24/7.
Accepted Countries
Trade Republic only accepts traders from Germany, France, Austria.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
Email: presse@traderpublic.com
Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook and Instagram.
Whats more, TRADE REPUBLIC provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, TRADE REPUBLIC aims to provide transparency and clarity to their clients, helping them make informed decision.
Conclusion
In conclusion, Trade Republic is a commission-free trading platform that aims to make investing accessible and user-friendly for a wide range of clients. By offering a single account option, Trade Republic simplifies the process of diversifying portfolios and removes common entry barriers for individuals with lower capital.
However, TRADE REPUBLIC doesnt have regulation. Therefore, traders should verify the regulatory status of TRADE REPUBLIC or any broker they choose to work with to ensure compliance with industry standards and regulatory requirements.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
