Trade Republic Review 2026
Trade Republic is a German neo-broker with extremely low fees (€1 per trade) and free ETF savings plans. Ideal for beginners and savings plan investors.
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Verdict: Trade Republic review
Trade Republic is the broker we end up recommending most often to first-time investors, and this review explains why. The Berlin-based neo-broker, founded in 2015 and supervised by BaFin, is built for people who want to automate wealth-building from their phone: open an account in minutes, start a savings plan from as little as €1, and let it run. If your priorities are rock-bottom costs and radical simplicity rather than professional trading tools, few platforms deliver as much.
The numbers are genuinely strong. Every order costs a flat €1, the securities account itself is free (€0 per year), and all 2,200 ETF savings plans — including MSCI World and S&P 500 trackers from iShares, Vanguard, Xtrackers, Amundi and SPDR — execute at no charge. Uninvested cash currently earns 3.25% interest on the entire balance, with no cap and immediate availability, which quietly turns the app into a respectable money-market substitute. Fractional shares, roughly 50 cryptocurrencies and a clean, distraction-free interface round out the package, and cash deposits are protected up to €100,000 under the statutory scheme.
The trade-offs are real, though. Every order routes through a single venue, LS Exchange, so you cannot choose Xetra or a US exchange directly, and outside core German trading hours spreads can widen noticeably. There are no options and no futures, order types are limited to the basics, crypto trades carry a 1–2% spread, and there is no desktop client. Anyone who wants to work with stop-limit ladders, several exchanges or derivatives will feel boxed in within weeks.
Against its closest rivals the picture is nuanced. Scalable Capital offers Xetra access plus a flat-rate subscription that pays off for very frequent traders, while Smartbroker+ executes orders above €500 for €0 and also reaches Xetra. Trade Republic counters with the simplest fee logic of the three, the lowest savings-plan entry point and the strongest uncapped interest on cash — a combination neither competitor fully matches.
Our verdict: with a 4.3 rating, Trade Republic is a near-perfect fit for beginners, ETF savings-plan investors and mobile-first users. Active traders, exchange purists and derivatives fans should look at Smartbroker+ or Interactive Brokers instead.