Widely known in Germany and across Europe, Trade Republic has attracted the attention of several American investors – offering competitive interest on uninvested cash, a sleek and modern mobile app, and low commissions. The platform has grown rapidly since its founding in 2015, becoming one of Europe’s largest neo-brokers with over 10 million customers and a full ECB banking licence obtained in December 2023.
Want to know if Trade Republic is available in the USA, the company’s expansion plans, and the alternatives available for American investors? We’ve got you covered.
Is Trade Republic available in the USA? 🇺🇸
No, Trade Republic is not currently available in the USA.
Trade Republic has been focused on its European expansion – most recently adding Poland in September 2025 as its 18th country and first non-eurozone market. However, the company has not publicly announced any plans to enter the US market. Expansion to the United States would require obtaining US broker-dealer licences from the SEC and FINRA, as well as navigating a fundamentally different regulatory landscape – a significant undertaking that Trade Republic has so far not signalled interest in.
We tested the sign-up process directly, and the United States was clearly listed as an unsupported country during onboarding:
Where is Trade Republic available? 🌎
Currently, Trade Republic is available across 18 European countries: Austria, Belgium, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, the Netherlands, Poland, Portugal, Slovakia, Slovenia, and Spain.
Notably, Poland was added in September 2025 as Trade Republic’s first market outside the eurozone – a significant step that may signal broader non-eurozone European expansion ahead. The company is regulated by BaFin and the Bundesbank in Germany and operates through Trade Republic Bank GmbH (which holds a full ECB banking licence), with services passported across the EU/EEA.
Trade Republic alternatives in the USA
While Trade Republic itself isn’t available to American investors, the US market has several mature platforms that cover many of the same use cases – commission-free investing, intuitive mobile experiences, and broad product access. Here are two solid US-available alternatives:
- Interactive Brokers: Best for experienced investors – global market access (170+ markets in 36+ countries), competitive margin rates, and the most comprehensive product range including stocks, ETFs, options, futures, bonds, and crypto. S&P 500 constituent since 2024.
- eToro: Best for low-cost investing and social trading – $0 commission on US stocks and ETFs, CopyTrader and Smart Portfolios for following experienced investors, and crypto trading. NASDAQ-listed since May 2025 (ticker: ETOR).
Conclusion
If you want to open a Trade Republic account from the USA, unfortunately it isn’t currently possible – Trade Republic operates exclusively in Europe and has not announced plans to enter the US market. However, the US has one of the world’s most developed brokerage markets, and the alternatives above offer comparable or superior features depending on what you’re looking for.
Whether you prioritise global market access and advanced tools (Interactive Brokers) or commission-free investing with a social trading element (eToro), both platforms offer a strong starting point. We’d suggest exploring each platform’s website carefully, comparing fee schedules, account types, and product ranges, and choosing the one that best fits your specific situation.
For investors who want to keep monitoring Trade Republic’s potential US expansion, the company’s official channels (website, LinkedIn, press releases) would be the most reliable sources – any move into the US would require significant regulatory disclosure well in advance of launch.
If you haven’t found a match among the platforms above, you can also look at our comparison of online brokers available by country for a broader view of what’s available globally.
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.
