Trade Republic Review 2026

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
• conversion: Euro-based accounts; a currency-conversion cost applies on non-euro instruments where relevant
• spread: 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.