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Is Trade Republic available in Argentina? Alternatives in 2024

Pedro Braz| Updated: February 29, 2024

Widely known in Germany, Trade Republic has attracted the attention of several Argentine investors, offering high interest on uninvested cash of 4% (euros), a slick and modern app, and low commissions.

Want to know if Trade Republic is available in Argentina, the company’s expansion plans, and the alternatives available for Argentine investors? We’ve got you covered!

Is Trade Republic available in Argentina? 🇦🇷

No, Trade Republic is not yet available in Argentina.

Trade Republic is investing in its European expansion, however the company hasn’t shared publicly any plans to expand to Argentina.

We have tried to open an account and Argentina was presented as one of their unsupported countries:

Trade Republic is not available in Argentina

Where is Trade Republic available? 🌎

Currently, Trade Republic is available for 17 European countries: Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Trade Republic Alternatives in Argentina

  1. Interactive Brokers: Best for experienced investors
  2. eToro: Best for commission-free investing and social trading
Is Trade Republic available in Argentina? Alternatives in 2024 1

#1 Best for experienced investors

Min. deposit of €0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
View BrokerIs Trade Republic available in Argentina? Alternatives in 2024 2Read review
Interactive Brokers summary

IBKR is a leading global online broker which provides an advanced trading platform, a large selection of tradable securities, and low fees. It also launched IBKR GlobalTrader.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.Interest on uninvested cashEUR: 3.467%; USD: 4.83%; GBP: 4.75% (as of January 2024)
Products and MarketsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds.
Is Trade Republic available in Argentina? Alternatives in 2024 3

#2 Best for commission-free investing and social trading

Min. deposit of $50 (varies between countries)
$0 for stocks and some ETFs
Demo account
View BrokerIs Trade Republic available in Argentina? Alternatives in 2024 2Read review
eToro summary

The leading social trading platform with 30M+ users worldwide. Copy other traders/investors, invest in one of the pre-built portfolios, or trade for yourself.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFCA, CySEC and ASIC.Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, Cryptocurrencies and CFDs on Stocks, ETFs, Commodities, Forex, Indices and Cryptocurrencies.

76% of retail CFD accounts lose money.

Conclusion

If you want to open a Trade Republic account from Argentina, you’re in bad luck: it is not possible. However, we believe any of the above mentioned brokers will be good choices.

Whether you value security and reputation or want a commission-free trading platform, the alternatives presented should be a good starting point. Explore their websites and decide for yourself!

If you haven’t found a match, you can still look at our comparison of online brokers available by country.

FAQs about Trade Republic

What is Trade Republic?

Founded in 2015, Trade Republic is an investment app that allows users to invest in Stocks, ETFs, Bonds, Derivatives, and Crypto (+Saving Plans that include all these assets). It has over 4 million clients, which have over 35 billion in assets under management. Trade Republic is regulated by BaFin and Bundesbank. In the case of bankruptcy, up to €100,000 in cash is protected by the deposit guarantee scheme and your shares are held at the HSBC Bank custodian in Germany.

How does Trade Republic make money?

As economists like to say, “There is no such thing as a free lunch”. Trade Republic is still making money through payment for order flow (PFOF), which consists of paying brokerages to route orders to market makers for trade execution, thus creating a potential conflict of interest between the brokerage and the customer. According to the latest update, “Payment-for-order-flow agreements only accounted for about a third of Trade Republic’s overall income” (our bold). Since the EU plans to ban PFOF from 2026 onwards, Trade Republic must adapt and focus on other income sources, namely:

  • Securities fending: Your stocks or ETFs are most likely not parked in a single place. Usually, brokerage firms lend your securities in exchange for an interest rate. Third parties borrow securities for several reasons, such as hedging a position, arbitrage an opportunity, creating a structured product, or shorting selling;
  • Transaction fees: Trade Republic charges no trading fees (apart from external settlement costs), so this might be an option to increase their revenues in the future;
  • Withdrawal fees: For withdrawals below €100, it charges €1;
  • Among others: Registration annual meeting, etc.
Pedro Braz
Co-Founder & Growth Manager

Pedro is passionate about finance, marketing, and technology. He is a growth manager at several online projects and a former digital marketer for a fintech company.

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