Trade Republic

What Trade Republic does

Trade Republic is a Berlin-based full German bank (Trade Republic Bank GmbH) supervised by BaFin, founded in 2015 and operating across 18 European countries. The platform combines commission-free brokerage (stocks, ETFs, savings plans, crypto) with banking services (current account, debit card, savings products) and an expanding wealth management suite that includes private markets access through EQT and Apollo partnerships, bond ETFs, and direct IPO subscriptions for retail investors. Underlying infrastructure includes a BaFin-licensed multilateral trading facility via subsidiary Trade Republic Business III, BitGo Europe GmbH cold-wallet custody for crypto assets under MiCAR, and custody partnerships with Deutsche Bank, J.P. Morgan, HSBC, and Citibank.

The business model blends multiple monetization streams: a €1 per-trade settlement fee supplemented by execution partner rebates and spreads, deposit-spread income on customer cash held at partner banks, card interchange and 1% saveback mechanics, and emerging fee revenue from private markets and IPO allocations. Customer funds are protected up to €100,000 per depositor under European deposit guarantee schemes. Distribution is mobile-first and self-serve via iOS/Android apps and a web platform, supported by a Brad Pitt global brand ambassadorship, Impact Radius affiliate marketing, and 1,000+ human customer service agents across eight languages.

The company serves more than 10 million retail customers managing in excess of €150 billion in assets across Europe, positioning itself as Europe's largest savings platform. The customer base skews toward younger and first-time investors with €1 minimum entry points, recurring savings plans, a children's investment account, and full ECB-rate interest pass-through on deposits. Growth has been profitable for three consecutive years and culminated in a €12.5 billion valuation during a €1.2 billion December 2025 secondary round that did not require new primary capital.

Name

Trade Republic

Legal name

Trade Republic Bank GmbH

Website

https://traderepublic.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Trade Republic is a Berlin-based BaFin-supervised full German bank and Europe's largest retail savings platform, serving over 10 million customers across 18 European countries with €150 billion+ in assets via commission-free brokerage, banking, crypto, and wealth management products.

Ownership category

akta.pro rank

Product category

Retail Brokerage

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232), Commodity Contracts Intermediation (523160)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Retail Crypto Brokerages (Simple Buy/Sell) (FSADAAAB)

akta.pro secondary industries

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO), Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA)

Keywords

• Retail brokerage services
• Neobanking platform
• Commission-free trading
• Wealth management app
• Crypto trading services

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Trading Transaction Fees: €1 per single trade plus third-party costs and spreads, but no order commission. Savings Plans are free of brokerage fees. Revenue derived from rebates from trading partners and efficient digital structures.
2. Interest on Customer Deposits: Trade Republic passes on full ECB deposit rate (3.25% annually) to customers while earning margin through partner bank arrangements. Has distributed over €1 billion in interest to customers since January 2023.
3. Card and Banking Services: 1% Saveback on card spending into Savings Plans. Virtual card free, classic card €5 one-time, mirror card €50 one-time. No monthly subscription fees. Revenue from interchange fees and partnerships.
4. Private Markets Investment Access: Partnership with EQT and Apollo to offer private equity investments to retail customers starting from €1, enabling the platform to earn fees from facilitating access to alternative investments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Trade Republic operates a mobile-first investment and banking platform offering commission-free trading of stocks, ETFs, and cryptocurrencies starting from €1, alongside a free current account with debit card earning the full ECB deposit rate, and wealth management products including Private Markets access, Fixed Income Bond ETFs, and direct IPO subscription for European retail investors across 18 countries.

Product overview

Trade Republic is a German full bank (Trade Republic Bank GmbH, BaFin supervised) operating as a unified digital wealth management platform that combines banking, investing, and savings services. The core offering consists of a commission-free brokerage for stocks, ETFs, and crypto with Savings Plans for recurring investments. The platform has expanded into full banking with a current account and debit card (earning 2.25% interest and 1% saveback), and wealth management through Fixed Income/Bond ETFs and Private Markets access via Apollo and EQT partnerships. Additional features include a Crypto Wallet for 50 cryptocurrencies with staking, a Children's Investment Account with fee-free ETFs, and an IPO Subscription service for retail investors. The platform serves over 10 million customers across 18 European countries with assets exceeding €150 billion, positioning itself as Europe's largest savings platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Stock and ETF Trading

Quantifiable outcome

• Distributed over €1 billion in interest to customers since January 2023
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered core.

• BitGo Europe GmbHcoreTechnology or Integration · 13 November 2025Crypto custody provider securing all Trade Republic customer crypto assets in cold wallets, enabling the platform's fully regulated crypto wallet feature under MiCAR.
• EQTcoreStrategic or Co-development Partner · 17 September 2025Strategic partnership enabling Trade Republic customers to invest in private equity markets starting from €1. Part of Trade Republic's expansion into wealth management beyond brokerage.
• ApollocoreStrategic or Co-development Partner · 17 September 2025Strategic partnership enabling Trade Republic customers to invest in private markets. Combined with EQT partnership to offer retail access to alternative investments.
• Deutsche Bank AGcoreOthersPartner bank for customer fund custody. Customer funds held in omnibus trust accounts at Deutsche Bank AG and other partner banks, protected by deposit guarantee up to €100,000 per customer.
• J.P. Morgan SEcoreOthersPartner bank for customer fund custody in omnibus trust accounts, providing deposit protection up to €100,000 per customer.
• HSBC Continental Europe S.A.coreOthersPartner bank for customer fund custody in omnibus trust accounts.
• Citibank Europe plccoreOthersPartner bank for customer fund custody, covered by deposit guarantee scheme.

Scale indicators8 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Robinhood: US-headquartered retail brokerage offering commission-free trading in stocks, ETFs, and crypto with a mobile-first, product-led-growth model. Most direct global comparable to Trade Republic's retail brokerage + crypto + banking proposition.
• Revolut: London-headquartered European neobank offering multi-currency accounts, commission-free stock and crypto trading, and savings products. Directly competes with Trade Republic across multiple European markets with a similar vertical integration thesis.
• Scalable Capital: Munich-based European retail broker offering commission-free trading in stocks, ETFs, and crypto, plus savings plans. Most direct German-headquartered competitor to Trade Republic's core brokerage and Savings Plans offering.
• eToro: Israel-headquartered social trading platform offering retail investors commission-free stock, ETF, and crypto trading across Europe. Comparable multi-asset, retail-focused, mobile-first brokerage model with European regulatory footprint.
• BUX: Amsterdam-based European neobroker offering commission-free trading in stocks, ETFs, and crypto to retail investors. Direct Dutch-headquartered competitor with comparable mobile-first trading proposition.
• DEGIRO: Amsterdam-headquartered low-cost European online broker offering stocks, ETFs, and other instruments to retail investors. Closely comparable low-cost brokerage model with European regulatory footprint.

Broad incumbents

• Interactive Brokers: Established global online broker serving retail and institutional clients with multi-asset trading. Comparable execution-focused brokerage model and product breadth, but broader and more institutional than Trade Republic's retail-specialized platform.
• N26: Berlin-headquartered European neobank offering digital current accounts and increasingly expanding into investment products. Comparable German-headquartered digital banking foundation, though brokerage product set is less mature than Trade Republic's.
• Coinbase: US-headquartered regulated retail crypto exchange and wallet platform with European operations under MiCAR. Comparable regulated retail crypto brokerage and custody model, but with a crypto-only versus full-stack wealth proposition.

Regional players

• Bunq: Amsterdam-headquartered European neobank offering digital banking accounts with competitive interest rates. Comparable digital-first banking expansion narrative, though currently lighter on brokerage and crypto than Trade Republic.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/traderepublicDE
• YouTubeyoutube.com/@TradeRepublic
• LinkedInlinkedin.com/company/trade-republic
• Instagraminstagram.com/traderepublic
• TikToktiktok.com/@traderepublic
• Facebookfacebook.com/traderepublic

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trade Republic