Widely known in Germany, Trade Republic has drawn plenty of interest from investors elsewhere in Europe: a flat €1 per order, free savings plans, a card with 1% Saveback and interest paid on uninvested cash, at a rate that tracks the deposit facility rate set by the European Central Bank.
In this article we cover where Trade Republic is available, where it is not, its expansion so far, and the alternatives for investors in unsupported countries. Keep reading, we have you covered.
In which countries is Trade Republic available? 🌎
Trade Republic is available in 18 European countries:
- Austria
- Belgium
- Estonia
- Finland
- France
- Germany
- Greece
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Netherlands
- Poland
- Portugal
- Slovakia
- Slovenia
- Spain
So if you live in Argentina, Australia, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Hungary, Malta, Mexico, Norway, Romania, Sweden, Switzerland, the UAE, the UK, Ukraine or the USA, or anywhere else, you cannot open an account.
A pattern worth noticing: every market on the list uses the euro except Poland, which Trade Republic entered in September 2025 as its first country outside the eurozone. The company runs on a German banking licence passported across the European Union, so the regulatory route into the rest of the bloc already exists. What is missing in the remaining countries is the commercial decision, not the licence.
Supported countries as shown in the Trade Republic app, checked in September 2026.
Trade Republic alternatives
Trade Republic is not available in your country and you are looking for an alternative? Below we go through seven brokers that we think do the job.
- Interactive Brokers: best broker overall
- eToro: best for commission-free investing and social trading
- XTB: best for CFD and forex trading
- Freedom24: best for ETF investing
- Trading 212**: the closest alternative. New users get a free fractional share
- DEGIRO*: best for low-cost investing
- Saxo: best for professionals
*Disclaimer: Investing involves risk of loss.
**Sponsored Link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
52% of retail CFD accounts lose money.
69-80% of retail CFD accounts lose money.
Investing involves risk of loss.
Capital at Risk. Sponsored Link. To get free fractional shares worth up to 100 EUR/GBP, you can open an account with Trading 212 through this link. Terms apply.
Investing involves risk of loss.
62% of retail CFD accounts lose money.
Conclusion
Trade Republic has grown into one of Europe’s largest fintechs: a full banking licence supervised by BaFin and the Bundesbank, more than 8 million customers, over €100 billion in client assets and a valuation of around €12.5 billion after its December 2025 secondary share sale. Its move into Poland in September 2025, its first market outside the eurozone, took it to 18 countries.
Even so, it is still unavailable in the UK, Switzerland, Canada, the United States and a long list of other markets, with no public timeline for entering them.
If you live in one of those countries, the brokers above are solid alternatives: Interactive Brokers and Saxo for the broadest product range, eToro and Trading 212 for a similar commission-free, app-first experience, and DEGIRO for low-cost long-term ETF investing.
One change worth knowing about. The EU ban on payment for order flow took full effect when Germany’s exemption expired on 30 June 2026, and Trade Republic had relied on it for part of its revenue. On 2 July 2026 it launched a rebuilt execution model: Best Price, the default, aggregates quotes across the relevant exchanges and fills your order at the best available price for the usual €1, with Trade Republic as counterparty, and Direct Price lets you choose the venue yourself from around 30 exchanges, including Xetra, Euronext, the NYSE and Nasdaq, for €2 per order. It also launched a free Web Terminal.
That matters for anyone comparing brokers, because the old criticism that Trade Republic routed everything through a single German venue, and could not reach US-only listings, no longer applies.
If you have not found a match, you can still look at our comparison of online brokers available by country.
As always, do your own research and make sure any platform you choose is properly regulated in your jurisdiction.
We hope you found this useful. Let us know if you have questions or feedback, we are happy to help.
Risk disclaimer: When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results.
FAQs
What is Trade Republic?
Founded in 2015, Trade Republic is an investment app and a licensed German bank where you can invest in stocks, ETFs, bonds, derivatives and crypto, with savings plans available on most of them. It has more than 8 million customers and over €100 billion in client assets. It is regulated by BaFin and supervised together with the Bundesbank. Cash is held at partner banks and covered by the German deposit guarantee scheme up to €100,000 per bank, while your securities are held in segregated custody and remain yours if the company fails.
Why is Trade Republic not available in my country?
The licence is not the obstacle: Trade Republic operates on a German banking licence that passports across the European Union. The 18 markets it has entered are all in the eurozone except Poland, which suggests the decision is commercial rather than regulatory. Outside the EU, in the UK, Switzerland or the United States, it would need separate authorisation, and it has announced no plans to seek it.
How much interest does Trade Republic pay on cash?
It depends on the country and it moves with the European Central Bank. The standard rate has been 2.25% a year on euro balances, with promotional rates of around 3% for new clients in several markets and a separate rate in Poland for zloty balances. Interest is paid monthly, there is no minimum or maximum balance, and the rate is variable.
How does Trade Republic make money?
As economists like to say, there is no such thing as a free lunch. For years a large share of Trade Republic’s income came from payment for order flow (PFOF), the practice of routing orders to a market maker in exchange for a payment, which creates a potential conflict of interest between the broker and the client. The European Union banned PFOF, and Germany’s transitional exemption expired on 30 June 2026, so the model had to change. Its revenue now comes from:
- Transaction fees: a €1 flat fee per order on stocks, ETFs, bonds, derivatives and crypto, or €2 if you choose the execution venue yourself with a Direct Price order. Savings plan orders are free;
- The spread on cash: the difference between what the bank earns on client deposits and the interest it pays you;
- Securities lending: brokers lend out client securities in exchange for a fee, to counterparties that use them to hedge, arbitrage or sell short;
- Other products: card interchange, foreign exchange and services such as attending a shareholders’ meeting.
Can I buy US stocks on Trade Republic?
Yes. Since July 2026 you can route an order directly to the NYSE or Nasdaq with a Direct Price order at €2, on top of the default Best Price execution at €1. Before that, US-only listings were out of reach, which used to be one of the main arguments against the platform.
