Trade Republic: what the sources say
The questions, with sources
"Not verified" means we could not confirm it from a source we could read. Check the entity and rules for your own country. Education only, not investment advice.
How the points add up
- Regulation 20 of 20. Licensed by a major financial regulator (see the broker page for the register entry)
- Client protection 20 of 20. Investor compensation scheme applies: Statutory deposit guarantee (cash); securities held as segregated assets; Client assets held separately from the broker's own (stated in its documents)
- Transparency 10 of 10. Annual financial statements are public (listed parent or published report)
- Security record 6 of 15. Worst incident in the last five years scored: 6 of 15
- Compliance record 25 of 25. 5 regulator or court action(s) in the window; reports from press only are shown but not scored
- Costs 7 of 10. Buying 1,000 USD of a US stock or ETF: 0.1% commission at the published base tier (FX and spread not included)
Points earned of points available. A criterion we could not verify is left out and lowers the evidence share. See how we score.
Security incidents
- 2025-04-02 Customers reported on X that crypto savings plans were not executed correctly and, in one report, savings amounts were debited twice but credited once Customer funds lost: not verified. Outcome: Press (btc-echo, 3 Apr 2025): company spokesperson said the incorrectly executed savings plans had been resolved; number of customers and amounts not stated source
- 2025-04-07 App disruptions during the DAX sell-off: prices and portfolio values did not load for some users from about 09:15 to 10:30; nearly 1,000 reports on allestoerungen.de by 09:00; some users reported trouble trading Customer funds lost: not verified. Outcome: Press (Boersen-Zeitung/Reuters): spokesperson said buying and selling was possible at all times and attributed delays to market swings; no compensation mentioned; other German brokers also reported disruptions source
- 2026-03-10 BaFin consumer notice 'Betrug im Namen der Trade Republic Bank GmbH': fraudsters impersonating Trade Republic customer service by SMS/email/phone pressure customers to move cash or crypto to external accounts (social engineering against customers, not a breach of the broker's systems) Customer funds lost: not verified. Outcome: Press: Stiftung Warentest (test.de, 22 Apr 2026) links the BaFin notice (bafin.de .../meldung_2026_03_10_trade_republic_betrug.html, not opened) and reports one reader who lost a high amount; no total losses stated; BaFin states Trade Republic never asks customers to transfer funds source
Regulator and court actions
- 2024-11-27 Landgericht Berlin II (suit by Verbraucherzentrale Baden-Wuerttemberg), case 101 O 83/24: Injunction action seeking a contractual penalty and objecting to advertising of a fixed interest rate on cash without clearly stating that activation in the app is required ('Zinsen auf Dein Cash') Outcome: Verbraucherzentrale case page: ended by court settlement (Vergleich), status date 6 Jul 2026; terms not disclosed on that page. Press (mobiflip, 29 Jul 2026): Trade Republic committed to permanently stop the disputed statements, bears costs of both proceedings and pays a EUR 5,500 contractual penalty source
- 2025-02-12 Landgericht Berlin II (second suit by Verbraucherzentrale Baden-Wuerttemberg): Consumer organisation sued alleging misleading advertising of 3.0% interest on giro accounts as unlimited and covered by deposit insurance; variability of the rate and split between deposit-protected trust accounts and uninsured liquidity funds allegedly unclear Outcome: Press: both proceedings ended with a court settlement in which Trade Republic committed to stop the disputed statements and bear costs (mobiflip, 29 Jul 2026; t-online, Feb 2025 for the filing). Authority page for this second case not located source
- 2025-02 BaFin (review reported by press): Press reports BaFin examining how Trade Republic informed customers where interest-account/giro money is held Outcome: Press only; no formal measure or result reported; company says products comply with BaFin rules source
- 2026-06-09 AGCM (Italian competition and consumer authority): Fine of EUR 2.5 million on Trade Republic Bank GmbH for an unfair commercial practice: essential information about the Trade Republic card and the Saveback programme ('L'1% fa la differenza') omitted or presented misleadingly, so consumers could believe it was a conventional cashback instead of a savings-plan-linked benefit Outcome: Press (ItaliaOggi, Milano Finanza, Money.it, 9 Jun 2026); AGCM's own decision page not found in search results; case number not given in press source
- 2026-06-16 Kammergericht Berlin (suit by Verbraucherzentrale Bundesverband), case 4 UKl 1/26: Injunction action (entered in the Verbandsklageregister) against clauses in the terms of a Christmas lottery ('Weihnachtslotterie') restricting sale/transfer of winnings and allowing the bank to change terms at any time Outcome: Pending; no judgment reported as of page status date 6 Oct 2026 source
Actions reported by press only are shown and not scored.
Other reports
- 2026-03 BaFin published a warning about fraudulent SMS/emails impersonating Trade Republic Bank GmbH customer service (also listed under incidents) source
Reports that are not security incidents or regulator actions against the broker, shown for completeness and not scored.
Key facts in five lines
- Trade Republic Bank GmbH states it holds a full ECB banking licence supervised by BaFin; the Belgian FSMA register lists it as an EEA credit institution with home country Germany [source 1][source 8].
- Audited annual accounts for FY 2022/23 (auditor BDO) are filed in the German company register, showing an annual surplus of TEUR 14,070 [source 9].
- The official support page states no order commission and a one-euro external settlement cost per transaction; fractional trades execute on LS Exchange [source 10][source 11].
- Two injunction suits by Verbraucherzentrale Baden-Wuerttemberg over interest advertising (Landgericht Berlin II, 101 O 83/24 and a February 2025 suit) ended in a court settlement in 2026 [source 12][source 13].
- Italy's AGCM fined Trade Republic Bank GmbH EUR 2.5 million on 9 June 2026 over Saveback/card advertising (press); a vzbv injunction action (Kammergericht Berlin, 4 UKl 1/26) is pending [source 14][source 15].
Questions about Trade Republic
Is Trade Republic safe?
We do not give a yes or no. We record its regulation (BaFin / ECB, FSMA (Belgium, host-state register)), whether an investor compensation scheme applies, and what we found about incidents and regulator actions. Read the sections above, and check which entity holds your account.
Does Trade Republic charge commission on US stocks?
Official support page 784: no order commission whatever the order size; 'one euro external settlement cost to cover clearing and settlement of each transaction'; spreads and third-party costs may apply. Price list v02.2026: order commission 'free' for ETF/share orders (EUR 10 to 10,000)
Where this comes from
- [1] Trade Republic receives full banking license from ECB (Business Wire) accessed 2026-10-11
- [2] Trade Republic support: safety of deposits and securities accessed 2026-10-11
- [3] Trade Republic further information price list 2026-02 accessed 2026-10-11
- [4] Trade Republic support: ex-post cost information accessed 2026-10-11
- [5] t-online: Verbraucherzentrale verklagt Trade Republic accessed 2026-10-11
- [6] biallo: BaFin informs about fake messages accessed 2026-10-11
- [7] Countries (investingintheweb, third party) accessed 2026-10-11
- [8] FSMA register: Trade Republic Bank GmbH accessed 2026-10-11
- [9] Trade Republic Bank GmbH annual accounts 2022/23 (Unternehmensregister extract, Bundestag lobby register copy) accessed 2026-10-11
- [10] Trade Republic support: Are there commissions for order execution accessed 2026-10-11
- [11] Trade Republic support: fractional investing accessed 2026-10-11
- [12] Verbraucherzentrale: Klage gegen Trade Republic, Verfahren I (101 O 83/24) accessed 2026-10-11
- [13] mobiflip: Trade Republic gestaltet Zinswerbung inzwischen klarer (settlement) accessed 2026-10-11
- [14] ItaliaOggi: Antitrust, sanzione di 2,5 milioni a Trade Republic accessed 2026-10-11
- [15] Verbraucherzentrale: Klage gegen Trade Republic Bank GmbH (KG Berlin 4 UKl 1/26) accessed 2026-10-11
- [16] Boersen-Zeitung: Trade-Republic-App mit Stoerungen inmitten des Selloff im Dax accessed 2026-10-11
- [17] btc-echo: Trade Republic - Geld aus Krypto-Sparplaenen verschwunden accessed 2026-10-11
- [18] test.de: Warnung der BaFin - Betrug mit Trade Republic accessed 2026-10-11
Not verified: BaFin's own company-database entry and the BaFin consumer notice of 10 Mar 2026 were not opened (not in search results); regulation rests on the company release, the FSMA host register and the filed audited accounts. AGCM decision page and case number not found (press only). The second Verbraucherzentrale suit (Feb 2025) and settlement terms (EUR 5,500 penalty) are press-sourced. Founding year, official country list and whether US-listed stocks are tradable (vs EU listings) not verified; cost_1000usd_pct assumes the EUR 1 external cost applies and a USD 1000 order is about EUR 850-950. Incident items are press-sourced; no data breach of the broker's own systems was found in three searches.
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