Trade Republic
€1 flat commission, bank licence, best cash interest in Europe.
Last reviewed: March 2026
out of 10
Trade Republic has quietly become one of the strongest platforms in Europe. A banking licence means your uninvested cash earns up to 3.75% — the best rate among European brokers. The €1 flat commission model is simple and predictable. Available in 17 European countries. For long-term investors who also want their cash working, it's a genuine competitor to Trading 212.
Right for you if…
- Investors who want market-rate interest on uninvested cash — currently 3.75% EUR
- German and Austrian investors wanting a BaFin-licensed bank as their broker
- Regular ETF investors — the Sparplan is excellent and the €1 flat fee is predictable
- Those who want crypto alongside ETFs in one app
Not right if…
- Advanced traders who need options, complex instruments, or multi-currency accounts
- Investors wanting the absolute lowest commission (€1/trade vs €0)
Fee Breakdown
Every trade, any size
EUR settlement, no conversion
On full uninvested balance
The €1 flat commission is the only real cost — for a monthly €300 ETF purchase that's 0.33%, comparable to DEGIRO's per-trade rate. The 3.75% cash interest offsets this entirely for investors with meaningful idle cash. No FX fees at all.
0.50% of €2,400 invested/year at Trade Republic
Pros and Cons
What works
3.75% interest on uninvested EUR cash — the highest among European retail brokers
Licensed bank — uninvested cash protected up to €100,000 under German deposit guarantee
€1 flat commission regardless of trade size — simple and transparent pricing
Fractional shares and Sparplan fully supported
No FX fee — EUR settlement on all trades
Available in 17 European countries
What doesn't
€1 commission per trade means very small investors pay proportionally more than zero-commission platforms
Product range limited to stocks, ETFs, crypto, and some bonds — no options or futures
App-only — no full web platform for desktop power users
Safety & Regulation
Trade Republic holds a German banking licence from BaFin. Uninvested cash is a genuine bank deposit protected up to €100,000 under the German deposit guarantee scheme — a significantly stronger protection than most brokers' €20,000 investor compensation.
Platform Experience
App-only, which is either a strength or weakness depending on your preference. The mobile app is excellent — clean, fast, well-designed. No desktop web platform means power users will find limitations. Onboarding is among the fastest in Europe.
Tax Reporting
Excellent for German and Austrian investors. Automatic tax reporting in the correct local format. Withholding tax handled correctly on dividends. Works well with German Freistellungsauftrag.
Available In
Trade Republic FAQ
Trade Republic holds a German banking licence from BaFin. Uninvested cash is a genuine bank deposit protected up to €100,000 under the German deposit guarantee scheme — a significantly stronger protection than most brokers' €20,000 investor compensation.
The €1 flat commission is the only real cost — for a monthly €300 ETF purchase that's 0.33%, comparable to DEGIRO's per-trade rate. The 3.75% cash interest offsets this entirely for investors with meaningful idle cash. No FX fees at all.
Trade Republic is available in: DE, AT, FR, ES, IT, NL, BE, PT, FI, GR, IE, SK, EE, LV, LT, HR, SI. Availability may change — check Trade Republic's website for the latest.
Investors who want market-rate interest on uninvested cash — currently 3.75% EUR. German and Austrian investors wanting a BaFin-licensed bank as their broker. Regular ETF investors — the Sparplan is excellent and the €1 flat fee is predictable. Those who want crypto alongside ETFs in one app.
How It Compares
Open a Trade Republic account
Regulated broker. Takes 5–10 minutes to sign up.
Affiliate link — we may earn a commission at no cost to you
This review reflects Etfora's editorial assessment based on publicly available fee data. Fees may change — verify current rates on Trade Republic's website before opening an account. Not financial advice.