You can then select if you want it to be executed for the first time at the start or in the middle of the month.īut wait, here’s the best part: You can enter an amount starting from as low as 1€ that you want to be invested each time. When you create a savings plan, you can choose the frequency yourself: In this case you’re getting partial shares as well, so the amount you set will be fully invested each time. With these, you’re even saving yourself the 1€ trading fee, they’re completely free of charge. The second feature that sets Trade Republic apart is that it offers free savings plans for thousands of stocks and ETFs. No matter whether you place a market or limit order, you’ll be paying the same 1€ transaction fee. The one downside is you can only buy full shares via a limit order: Here you’re setting the maximum you’re willing to pay per share based on current market prices, to protect yourself from short, sudden moves upwards in price for the shares you’re buying. If you’re investing a larger amount at once, I think it still makes sense to place a limit order instead. This means, I would still make sure you place your order on workdays between 9:00-17:30 CET, as that’s when the largest European exchanges are open, so that you limit the risk of over-paying for your shares due to low liquidity. The one thing I would keep in mind is that you’re placing a market order, so you’re paying the current price that your stock or ETF is traded for at that moment on the German L&S exchange. What is more, with Trade Republic you only pay a flat 1€ fee for your orders, no matter which amount. Normally, you would only be getting 5 full shares and then the remaining amount (in this case 30,25€) would stay in cash uninvested, so this is a great feature. In the example above, you’re getting 5,32 shares, meaning you’re able to fully invest your funds at once! Now you can place a buy order by simply entering 500€ as the amount you want to invest and then the broker will not only buy full shares, as is usually the case, but even partial shares: How to buy ETFs on Trade Republic (My Video Guide) Here’s what I mean: Let’s say you have 500€ you want to invest into the accumulating Vanguard FTSE All-World, which is our personal favorite ETF. This means you can fully invest whichever amount you choose right away on Trade Republic. Both when placing an order directly and via a savings plan. You can buy fractional shares of stocks and ETFs as well. Let’s have a look at a few features that make this broker stand out from its European competition: Fractional shares for stocks & ETFs (finally!) So you’re not wasting any money on fixed fees as a buy and hold investor. In that case, they can simply be transferred to another brokerage account of yours.Īs for the basics, there are no account fees, no exchange connectivity fees or anything similar on Trade Republic. Your shares remain your property even if Trade Republic or HSBC where to ever go bankrupt. HSBC is the largest bank in Europe by assets under management. Meanwhile the securities, so your stocks or ETFs, are always held separately from the broker at the custodian bank HSBC Germany in your name. They currently have 1 million customers and 6 billion euros in assets under management.Īll the cash you keep on your Trade Republic account is protected up to 100.000€ per investor via the deposit guarantee in Germany (Solarisbank and Deutsche Bank) or Ireland (Citibank Europe). Don’t worry, they have a web interface as well!Īs I mentioned in the intro, the broker is regulated and supervised by the Federal Bank of Germany and the BaFin. Trade Republic was founded in 2015 in Berlin, Germany as a mobile-first broker. What you should know about Trade Republic Does Trade Republic lend out your shares?.2% Interest on Euro deposits – What's the catch?.Fractional shares for stocks & ETFs (finally!).What you should know about Trade Republic.
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