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Is Trade Republic available in Poland? Alternatives in 2024

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Pedro Braz
Co-Founder, Forbes 30 under 30
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Franklin Silva
Co-Founder & Fintech Analyst
Fact checked by: Franklin SilvaUpdated on Oct 21, 2024

Widely known in Germany, Trade Republic has attracted the attention of several Polish investors, offering high interest on uninvested cash of 3.25% (euros), a slick and modern app, and low commissions.

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

Is Trade Republic available in Poland? 🇵🇱

No, Trade Republic is not yet available in Poland.

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

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

Trade Republic is not available in Poland

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 Poland

  1. Interactive Brokers: Best for experienced investors
  2. eToro: Best for commission-free investing and social trading
  3. Trading 212: The closest alternative. New users get a free share

Award Winner

Interactive Brokers logo
#1 Best for experienced investors
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: 2.673%; USD: 4.08%; GBP: 4.199% (as of November 2024)
Products and MarketsStocks, ETFs, options, futures, Forex, commodities, bonds and funds.
Visit BrokerRead review

Award Winner

eToro logo
#2 Best for commission-free investing and social trading
Min. deposit of $100
$0 for stocks and some ETFs
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

Trading 212 logo
#3 The closest alternative
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: 3.70%; USD: 4.60%; GBP: 5.15%
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.

Conclusion

If you want to open a Trade Republic account from Poland, 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

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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Pedro Braz
Co-Founder, Forbes 30 under 30

Pedro is passionate about finance, marketing, and technology. He is the co-founder of Investingintheweb.com and his work has earned him a spot on the Forbes 30 Under 30 Europe Finance list.

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