BrokAIr Reviews

Trade Republic Review

"Trade Republic is revolutionizing the way people invest in stocks and bonds, but with their low fees come certain risks that investors should be aware of." Is Trade Republic too good to be true?

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Overview of Trade Republic

What is Trade Republic?

Trade Republic is an online brokerage platform based in Germany. It was founded in 2015 by Christian Hecker, Tamaz Georgadze, and Marc Straschewski. The company offers its users a commission-free way to invest in stocks and Exchange Traded Funds (ETFs). Trade Republic also provides users with access to more than 5,000 stocks, funds, and ETFs from around the world. The platform has been gaining traction in Germany and other parts of Europe since its launch, with more than 2 million customers and over €6 billion in assets under management.

Pros and Cons of Trade Republic

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Public Opinion of Trade Republic

Trade Republic has received generally positive reviews from customers and industry experts alike. Many customers praise the platform for its low fees, intuitive user interface, and wide range of investment options. Industry experts have praised Trade Republic’s innovative approach to creating a low-cost online broker offering commission-free trading. However, there have been some criticisms of Trade Republic as well. Some customers have complained about the lack of customer service options, such as phone support. Others have noted that some features, such as tax optimization tools and international bank account support are missing from the platform. Overall, though, Trade Republic has been well-received by both customers and industry experts. It is one of the leading online brokerages in Europe and continues to grow in popularity as more people become aware of its services.

Newsworthy Events Around Trade Republic

In July 2020, Trade Republic raised $67 million in a Series C funding round led by Accel. This marked the largest ever venture capital investment into a European fintech startup. The funding round was also backed by leading investors including Peter Thiel's Valar Ventures and Creandum. In May 2021, Trade Republic announced it had secured a banking license from the German Federal Financial Supervisory Authority (BaFin). This license allows the company to offer additional services such as savings accounts, debit cards, and overdrafts to its customers. The company is planning to roll out these services in 2022. In June 2021, Trade Republic was awarded “best online broker” at the annual Broker Awards in Germany. This award is given to the best brokers based on criteria such as fees, customer service, trading features, and usability. Trade Republic was praised for its “simple yet effective approach” to investing.