Widely known in Germany and now serving over 10 million users across 18 European countries, Trade Republic has attracted attention from Czech investors thanks to its competitive interest on uninvested cash, a modern app, and low commissions.
Want to know if Trade Republic is available in the Czech Republic, what its expansion plans are, and which alternatives are available to Czech investors? We have got you covered.
Is Trade Republic available in the Czech Republic? 🇨🇿
No, Trade Republic is not currently available in the Czech Republic.
Trade Republic continues to invest in European expansion – it holds a full banking licence from the ECB granted in December 2023 and operates through Trade Republic Bank GmbH under BaFin and Bundesbank supervision. However, the company has not publicly announced any plans to enter the Czech market.
We attempted to open an account, and the Czech Republic appeared among the unsupported countries:
Trade Republic is not available in Czech Republic
Worth noting for context: Trade Republic operates on a euro-denominated model, and its expansion has focused on eurozone markets plus a handful of others. The Czech Republic’s use of the koruna adds a layer of complexity that may partly explain why it has not been prioritised, though the company has not commented on this.
Where is Trade Republic available? 🌎
Currently, Trade Republic is available for 18 European countries: Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Portugal, Poland, Slovakia, Slovenia, and Spain.
Trade Republic Alternatives in Czech Republic
- Interactive Brokers: Best for experienced investors
- eToro: Best for commission-free investing and social trading
- Trading 212*: The closest alternative. New users get a free fractional share
*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.
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.
Conclusion
If you were hoping to open a Trade Republic account from the Czech Republic, it is not currently possible. The alternatives covered above should serve Czech investors well, though.
A few points worth carrying into your decision:
- Currency handling: if you hold koruna, you will convert to euros or dollars at some point. That cost recurs on every deposit and often on withdrawal, so it frequently matters more than the trading commission itself;
- Regulation: none of these brokers is licensed by the Czech National Bank (ČNB) directly, but most passport into the Czech Republic under MiFID II with ČNB oversight. Confirm which entity holds your account and what investor compensation covers you – typically up to €20,000;
- Tax reporting: foreign brokers do not withhold Czech tax at source, so declaring investment income to the Finanční správa falls to you. Keep clear records of purchase dates and prices.
Whether you prioritise security and reputation or a commission-free platform, the alternatives above are a solid starting point. Explore their websites and decide for yourself.
If none is a match, you can also browse our comparison of online brokers 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 (+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.
