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Where is Trade Republic available? Supported countries and alternatives in 2025

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Franklin Silva
Co-Founder & Fintech Analyst
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Pedro Braz
Co-Founder, Forbes 30 under 30
Fact checked by: Pedro BrazUpdated on Feb 5, 2025

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 2.75% (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

*Disclaimer: Investing involves risk of loss.

Award Winner

Interactive Brokers logo
#1 Best alternative overall
Min. deposit of €/$/£0
Offers interest on uninvested cash balances
Excellent reputation (founded in 1978)
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply)
Fractional sharesYes
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS and MNB.
Interest on uninvested cashEUR: 2.492%; USD: 3.83%; GBP: 4.310% (as of February 2025)
Products and MarketsStocks, ETFs, options, futures, Forex, commodities, bonds and funds.
Visit BrokerRead review

Award Winner

eToro logo
#2 Best alternative for commission-free investing and social trading
Min. deposit of $50
$0 for stocks and ETFs (other fees apply)
Demo account
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply)
Fractional sharesYes
RegulatorsFCA, CySEC and ASIC.
Interest on uninvested cashUp to 5.3% in USD
Products and MarketsStocks, ETFs, cryptos (only crypto CFDs in some countries) and CFDs on stocks, ETFs, commodities, Forex, indices.
Visit BrokerRead review

51% of retail CFD accounts lose money.

Award Winner

XTB logo
#3 Best broker for Forex and CFDs
Min. deposit of €/$/£0
0% commissions for stocks and ETFs
Demo account
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply)
Fractional sharesYes (in some countries)
RegulatorsFCA, KNF, CySEC, DFSA and FSC
Interest on uninvested cashEUR: 1.75%; USD: 2.00%; GBP: 4.75%
Products and MarketsStocks, ETFs, Forex and CFDs on stocks, ETFs, indices, cryptocurrencies and commodities.
Visit BrokerRead review

76-83% of retail CFD accounts lose money.

Award Winner

Trading 212 logo
#4 Best broker for beginners and auto invest
Free share bonus with code "IITW"
Commission-free investing
High interest on uninvested cash
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply)
Fractional sharesYes
RegulatorsFCA, CySEC, ASIC and FSC.
Interest on uninvested cashEUR: 3.40%; USD: 4.10%; GBP: 4.90%
Products and MarketsStocks, ETFs, Forex, CFDs on stocks, crypto, indices and ETFs. Fractional shares, automatic investment system.
Visit BrokerRead review

When investing, your capital is at risk.

Award Winner

Where is Trade Republic available? Supported countries and alternatives in 2025 1
#5 Best for long-term investors
Min. deposit of €0
No Withdrawal Fees
Mobile App
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesEurope
Fractional sharesNo
RegulatorsAFM, DNB
Interest on uninvested cash0%
Products and MarketsStocks, ETFs, investment funds, futures, leveraged products, bonds and warrants.
Visit BrokerRead review

Investing involves risk of loss.

Award Winner

Saxo Bank logo
#6 Best for professionals
Min. deposit of €/$/£0
Excelent reputation
Wide range of financial products
See broker summary
Visit BrokerRead review
Broker summary
Supported countriesWorldwide (exceptions apply - not available in the USA)
Fractional sharesNo
RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA.
Interest on uninvested cashUSD: Up to 3.11%; EUR: Up to 1.67%; GBP: Up to 3.45% (as of February 2025)
Products and MarketsStocks, ETFs, bonds, mutual funds, crypto ETPs, options, futures, Forex, Forex options, crypto FX, CFDs and commodities
Visit BrokerRead review

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

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.
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About the author
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Franklin Silva
Co-Founder & Fintech Analyst

Franklin has three years of experience in Wealth Management as a Fund Research Analyst, has passed the CFA level II, and is the host of the "Edge Over Hedge" YouTube channel.

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