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Where is Trade Republic available? Supported countries and alternatives in 2024

Franklin Silva| Updated: February 28, 2024

Widely known in Germany, Trade Republic has attracted the attention of several non-german users who are also enthusiastic about their product offering, including interest on uninvested cash of 4% (euros), similar to the rate of the “Deposit Facilities” (set by the European Central Bank [ECB]), the rate that banks earn when depositing overnight deposits within the ECB.

In this article, we’ll uncover the countries where Trade Republic is available, the company’s expansion plans, and some alternatives to Trade Republic for investors from unsupported countries! Keen to find out more? Keep on reading. We’ve got you covered!

In which countries is Trade Republic available? 🌎

Trade Republic is available in the following countries:

  • Austria
  • Belgium
  • Estonia
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Latvia
  • Lithuania
  • Luxembourg
  • Netherlands
  • Portugal
  • Slovakia
  • Slovenia
  • Spain

This means that if you live in Argentina, Australia, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Hungary, Malta, Mexico, Norway, Poland, Romania, Sweden, Switzerland, UAE, UK, Ukraine, and the USA, or any other country, you won’t be able to open an account.

Supported countries: Trade Republic App

Trade Republic Alternatives

Trade Republic is not supported in your country and you’re looking for a suitable alternative? Below, we explore six different brokers that we believe make good alternatives to the Trade Republic app.

  1. Interactive Brokers: Best broker overall
  2. eToro: Best for commission-free investing and social trading
  3. XTB: Best for CFD and Forex trading
  4. Trading 212: The closest alternative. New users get a free share
  5. DEGIRO: Best for low cost investing
  6. Saxo: Best for professionals
Where is Trade Republic available? Supported countries and alternatives in 2024 1

#1 Best alternative overall

Min. deposit of €/$/£0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
View BrokerWhere is Trade Republic available? Supported countries and alternatives in 2024 2Read review
About/Overview Text

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.
Where is Trade Republic available? Supported countries and alternatives in 2024 3

#2 Best alternative for commission-free investing and social trading

Min. deposit of $50
$0 for stocks and ETFs (other fees apply)
Demo account
View BrokerWhere is Trade Republic available? Supported countries and alternatives in 2024 2Read review
About/Overview Text

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.

Where is Trade Republic available? Supported countries and alternatives in 2024 5

#3 Best broker for Forex and CFDs

Min. deposit of €/$/£0
0% commissions for stocks and ETFs
Demo account
View BrokerWhere is Trade Republic available? Supported countries and alternatives in 2024 2Read review
About/Overview Text

XTB is a well-known online broker established in 2002 with offices in over 30 countries all over the world.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes (in some countries)
RegulatorsFCA, KNF, CySEC, DFSA and FSCInterest on uninvested cashEUR: 3.80% first 90 days, then 2.00% (quoted annually); USD: Up to 5%
Products and MarketsReal Stocks, ETFs, Forex and CFDs on Stocks, ETFs, Indices, cryptocurrencies and commodities.

76-85% of retail CFD accounts lose money.

Where is Trade Republic available? Supported countries and alternatives in 2024 7

#4 Best broker for beginners and auto invest

Free share bonus with code ``IITW``
Commission-free investing
High interest on uninvested cash
View BrokerWhere is Trade Republic available? Supported countries and alternatives in 2024 2Read review
About/Overview Text

Trading 212 is an online broker that lets you trade stocks, ETFs, and CFDs. It offers commission-free trading and a robo-advisor feature. Free share worth up to €100 with the Trading 212 promo code: “IITW”.

Supported countriesWorldwide (exceptions apply)Fractional sharesYes
RegulatorsFCA, CySEC and FSC.Interest on uninvested cashEUR: 4.20%; USD: 5.10%; GBP: 5.00%
Products and MarketsReal Stocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.

Investing involves risk of loss.

Where is Trade Republic available? Supported countries and alternatives in 2024 9

#5 Best for long-term investors

Min. deposit of €0
No Withdrawal Fees
Mobile App
View BrokerWhere is Trade Republic available? Supported countries and alternatives in 2024 2Read review
About/Overview Text

DEGIRO is a discount broker allowing retail clients to benefit from the same low rates and opportunities that used to only be available to professional clients.

Supported countriesEuropeFractional sharesNo
RegulatorsAFM, DNBInterest on uninvested cash0%
Products and MarketsReal Stocks, ETFs, Investment Funds, Futures, Leveraged Products, Bonds and Warrants.

Investing involves risk of loss.

Saxo-logo

#6 Best for professionals

Min. deposit of €/$/£0
Excelent reputation
Wide range of financial products
View BrokerWhere is Trade Republic available? Supported countries and alternatives in 2024 2Read review
About/Overview Text

Saxo Bank is an investment bank specialized in online trading and investment. It is a global and leading online broker, offering access to most asset classes worldwide.

Supported countriesWorldwide (exceptions apply - not available in the USA)Fractional sharesNo
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA.Interest on uninvested cashUSD: Up to 4.059%; EUR: Up to 2.65%; GBP: Up to 3.93% (as of January 2024)
Products and MarketsStocks, ETFs, Bonds, Mutual Funds, Crypto ETPs, Options, Futures, Forex, Forex Options, Crypto FX, CFDs and Commodities

62% of retail CFD accounts lose money.

Conclusion

If you want to open a Trade Republic account from the UK, Canada, or other unsupported countries, 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.

Hope you found our breakdown helpful, and please let us know if you have any questions or feedback – we’re happy to help!

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.
Franklin Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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