Trade Republic: BaFin-regulated broker turns into full blown bank

Rick Steves

The brokerage firm turned bank offers commission-free access to capital markets, including savings plans, fractional investing, ETFs, bonds, derivatives, and crypto.

Trade Republic, has achieved a significant milestone by obtaining a full banking license from the European Central Bank (ECB), marking a major expansion in the firm’s offering, allowing it to launch a broader range of banking services.

With this full banking license, Trade Republic is now positioned as a comprehensive financial institution, expanding beyond its initial offerings to include deposit and lending services.

Christian Hecker, Co-founder of Trade Republic, stated the company aims to continue its robust growth and establish itself as a leading financial institution in Europe. “Receiving the full banking license opens up a new chapter for Trade Republic. In collaboration with our customers, we aim to continue growing strongly and establish ourselves as one of the leading financial institutions in Europe.”

Trade Republic launched bond trading and 4% yield on deposits

In 2023, Trade Republic expanded its product offerings, including passing on interest rates of 4 percent to its customers, opening bond trading for retail investors, and launching a new app. These developments have enabled Trade Republic to expand its market share in Europe, focusing on providing easy, secure, and affordable options for wealth accumulation.

Moreover, as part of receiving the full banking license, Trade Republic has strengthened its corporate governance by establishing an experienced audit committee. This enhancement of its corporate governance framework underscores the company’s commitment to regulatory compliance and operational excellence.

Trade Republic offers savings plans, fractional investing, ETFs, bonds, derivatives, and crypto

Trade Republic has distinguished itself as an innovator within the financial industry, pioneering affordable trading and establishing ETF savings plans as a new form of savings account. It was also the first financial institution in Germany to pass on higher interest rates, now at 4 percent, to all customers in January.

The brokerage firm turned bank offers commission-free access to capital markets, including savings plans, fractional investing, ETFs, bonds, derivatives, and crypto. It operates as a technology company with a full German banking license and is supervised by BaFin, reinforcing its credibility and reliability as a financial service provider.

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