Widely known in Germany, Trade Republic has attracted the attention of several Cypriot investors, offering interest on uninvested cash, a slick and modern app, free savings plans, and €1 trades.
Want to know if Trade Republic is available in Cyprus, the company’s expansion plans, and the alternatives available for Cypriot investors? We’ve got you covered.
Is Trade Republic available in Cyprus? 🇨🇾
No, Trade Republic is not yet available in Cyprus.
Trade Republic is investing in its European expansion, however the company hasn’t shared publicly any plans to expand to Cyprus. Its most recent new market was Poland in September 2025, its first outside the eurozone. Cyprus has not been announced.
We have tried to open an account and Cyprus was presented as one of their unsupported countries:
Trade Republic is not available in Cyprus
Where is Trade Republic available? 🌎
Currently, Trade Republic is available in 18 European countries: Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Slovenia, and Spain.
Alongside Cyprus, it also remains unavailable in Malta, Denmark, Sweden, Norway, Switzerland and the UK.
How Cyprus taxes investments, and why it changes your choices
Cyprus has one of the most favourable tax positions for investors in the EU, and it affects how you should think about broker and fund selection.
No capital gains tax on securities: Cyprus does not levy capital gains tax on the disposal of shares, ETFs, bonds or most other securities. Sell after one month or after ten years, and the gain is untaxed, whether the assets are Cypriot or foreign. The 20% capital gains tax applies only to disposals of Cyprus immovable property. The 2026 tax reform left this principle unchanged, though it did tighten the rule for property-rich companies: shares in companies deriving 20% or more of their value from Cyprus real estate (down from 50%) can now fall within capital gains tax (CGT).
Dividends and interest depend on your domicile status: The Special Defence Contribution (SDC) is charged on passive income of individuals who are both Cyprus tax resident and Cyprus domiciled. From 1 January 2026 the dividend rate for domiciled residents fell from 17% to 5% on profits generated from 2026 onwards, while dividends paid out of profits earned up to 31 December 2025 stay at 17% if received by 31 December 2031. SDC on interest remains 17% for domiciled residents.
Non-doms pay 0% SDC: A Cyprus tax resident who is not domiciled in Cyprus is exempt from SDC on worldwide dividends and passive interest. The exemption runs for 17 years from becoming Cyprus tax resident, and the 2026 reform added optional five-year extensions, each costing a €250,000 lump sum, for up to 27 years in total. For anyone holding bonds or interest-bearing assets, the interest exemption is now the larger part of the benefit, since the dividend gap narrowed from 17 points to 5.
GESY still applies: The General Healthcare System contribution of 2.65% applies to investment income for all Cyprus tax residents, including non-doms. It is capped, applying to total contributory income up to €180,000. This is the charge people most often overlook when they assume non-dom status means zero tax.
Crypto is treated differently from 2026: gains from disposing of crypto-assets are taxed at a flat 8% rather than the 0% treatment applied to traditional securities. If crypto forms part of your plan, take advice on this specifically.
What this means practically: Because gains on securities are untaxed, the accumulating versus distributing question that dominates ETF selection elsewhere in Europe matters much less here. What matters more is your dividend position, which depends on domicile status, and the cost of getting money in and out, which depends on your broker. Prioritise low currency conversion costs over tax-structure optimisation. One caveat from the 2026 reform: redemptions of units in corporate-form funds are now treated as dividends rather than disposals of securities, so if you hold funds that you redeem directly with the fund manager, confirm the treatment with an adviser.
Tax rules change and personal circumstances vary. Confirm your position with a qualified Cyprus tax adviser before acting.
Trade Republic Alternatives in Cyprus
- Interactive Brokers: Best for experienced investors
- eToro: Best for commission-free ETF investing and social trading
- Trading 212*: The closest alternative. New users can get a free fractional share
| Broker | Stock commission | ETF commission | FX conversion fee | Min. deposit |
| Interactive Brokers | $0.0005 to $0.0035 per share (tiered, min $0.35) or $0.005 per share (fixed, min $1) on US stocks | Same as stocks | 0.002% (min $2) | €0 |
| eToro | $1 or $2 when opening and closing a position | $0 | Varies by payment method and Club level | $50 |
| Trading 212 | No commission (other fees may apply) | No commission (other fees may apply) | 0.15% | €1 (€10 by bank transfer) |
Fees as of 8 October 2026, taken from each broker’s website. Trading 212: see terms and fees.
52% of retail CFD accounts lose money.
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.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 52% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.*Sponsored Link: To get a free fractional share worth up to €100, you can open an account with Trading 212 through this link or with the promo code “IITW”. The value is random: there is an 80% chance it is worth €8 to €25, 15% for €25.01 to €50, 3% for €50.01 to €75 and 2% for €75.01 to €100. Terms apply. When investing, your capital is at risk. If you enable interest, Trading 212 will hold your cash in qualifying money market funds and banks. Otherwise, your cash will be held only in banks. Interest applies on cash in an investment account. Terms apply.
Conclusion
If you want to open a Trade Republic account from Cyprus, you are out of luck: it is not possible, and no expansion has been announced. However, any of the brokers above will serve you well.
Interactive Brokers offers access to 170 markets in 40 countries and a currency conversion fee of just 0.002% (min $2), which matters more than most fees if you buy assets priced outside the euro. eToro is the simplest to start with and offers commission-free ETF trading, though stock trades carry a $1 or $2 commission when opening and closing a position. Trading 212 is the closest match to what draws people to Trade Republic: no commission on stocks and ETFs (other fees may apply, see terms and fees) and fractional shares. A 0.15% FX fee applies when converting funds. Other fees may apply.
Given that Cyprus does not tax capital gains on securities, the cost of trading and converting currency is what actually erodes your returns here, so weight your decision accordingly.
Whether you value security and reputation or low trading costs, the alternatives presented are a good starting point.
If you haven’t found a match, you can still look at our comparison of online brokers available by country.
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 that allows users to invest in stocks, ETFs, bonds, derivatives and crypto, plus savings plans covering all of these. It has more than 10 million customers and over €150 billion in customer assets, and was valued at €12.5 billion in a secondary share sale in December 2025. Trade Republic Bank GmbH has held a full European Central Bank (ECB) credit institution licence since December 2023 and is supervised by BaFin (Germany’s Federal Financial Supervisory Authority) and the Bundesbank. Cash is covered by the deposit guarantee scheme up to €100,000, and securities are held in segregated custody.
How does Trade Republic make money?
For years the answer was largely payment for order flow (PFOF), which at its peak accounted for around a third of overall income. That ended when Germany’s exemption from the EU ban on PFOF expired on 30 June 2026. Since 2 July 2026, Trade Republic compares real-time quotes across liquid exchanges and fills orders against itself at the best available price. A Trade Republic subsidiary also received BaFin permission to operate a multilateral trading facility (MTF) in January 2026.
Today the main revenue sources are:
- Order fees: €1 per trade on stocks, ETFs and bonds, with savings plan executions free. Choosing a specific execution venue with a “Direct Price” order costs €2.
- Net interest income: Trade Republic pays clients the ECB deposit facility rate (2.50% a year since 16 September 2026) and keeps the spread on the balances it holds.
- Card and spending revenue: interchange from its Visa debit card, alongside its current account and spending products.
- Currency conversion and other charges: applied when you buy assets priced outside your account currency.
Do I pay tax on investment gains in Cyprus?
Generally not on securities. Cyprus does not levy capital gains tax on the disposal of shares, ETFs or bonds, regardless of holding period or size of gain. Capital gains tax of 20% applies only to Cyprus immovable property. Dividends and interest are treated separately through the Special Defence Contribution, which depends on whether you are domiciled in Cyprus, and a 2.65% General Healthcare System (GESY) contribution applies to investment income for all tax residents. Crypto gains are taxed at a flat 8% from 2026. Confirm your own position with a Cyprus tax adviser.
Can I use a VPN to open a Trade Republic account from Cyprus?
No. Trade Republic requires documentation proving residency in one of its supported countries at account opening, so a VPN will not get you an account. It would also create problems later, since your broker’s tax reporting and your own filings both depend on your genuine country of residence.
Which broker is closest to Trade Republic for a Cypriot investor?
Trading 212 is the closest in spirit: no commission on stocks and ETFs (other fees may apply), a simple mobile app, fractional shares and interest on uninvested cash. Interactive Brokers is the better fit if you want access to 170 markets and a 0.002% currency conversion fee.
