Rent, groceries, gas — in a world where everything is getting more expensive, many of us are looking for ways to make some extra cash. One way of doing this is by getting into investing.
With heaps of investment platforms to choose from, finding one that works for you can be quite a challenge.
One option out there is Trade Republic, the German bank that previously brought us Europe’s highest interest rate on savings. But is it just as good for investments?
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What is Trade Republic?
Trade Republic is a savings and investment platform designed to make investing simple, affordable, and accessible to everyone.
Based in Germany and supervised by the BaFin (German Federal Financial Supervisory Authority), Trade Republic is available in the Netherlands and 16 other European countries.
With one of the highest interest rates on savings and all the top stocks, ETFs, and cryptocurrencies, Trade Republic offers valuable tools and resources — whether you’re just starting out or looking for a convenient way to grow your savings.
Investing with Trade Republic: What stands out?
One of Trade Republic’s biggest draws is its affordability. With no membership fees and some of the lowest trading costs in Europe, it’s a budget-friendly choice for those just starting out.
You can start investing with as little as €1 and explore thousands of stocks and ETFs to build your diversified portfolio.
Looking for stability and security? I get it — and so does Trade Republic. That’s why they also offer bonds with attractive high-interest rates. These options allow you to earn guaranteed returns, making them an excellent choice for more cautious investors.
Though Trade Republic is not available on desktop, its mobile app is clean, intuitive, and packed with innovative features.
One of my favourites is the auto-invest option, which lets you set up regular, automated contributions to your portfolio. This is perfect for those lazy investors (guilty!) who want to stay consistent without the hassle of manual trades. ✨
The cons of investing with Trade Republic
Of course, it’s not all stroopwafels and rainbows — even with Trade Republic.
For example, while the platform prioritises simplicity, experienced investors might notice a lack of advanced tools like detailed analytics. Beginners, on the other hand, may miss some in-app resources or tutorials to guide them through the basics of investing.
Another con of Trade Republic is that customer support can be slow sometimes, which might be frustrating if you need quick assistance.
Is Trade Republic safe to use?
It’s only natural to want reassurance that your hard-earned money is in safe hands. At the same time, it’s important to remember that all investments carry some level of risk.
That said, it’s good to know that Trade Republic is considered a very safe platform for investing. It is regulated by BaFin (the German Federal Financial Supervisory Authority) and the Bundesbank, ensuring that it complies with strict European financial regulations.
Trade Republic is also part of the European Deposit Guarantee Scheme, which insures cash deposits up to €100,000 per account.
However, it’s important to note that investments like stocks, ETFs, and bonds are not insured, as they carry inherent market risks.
How do I get started?
Eager to reach your 2025 goal of financial savvy-ness? Here’s how you can get started with Trade Republic (don’t worry, it’s simple.).
- Download the app: Available for iOS and Android, the Trade Republic app can be easily downloaded from your app store.
- Sign up: Create an account by entering your details. The process is smooth and intuitive.
- Verify your identity: Upload your ID, proof of (European) address, and any additional documents required. Verification usually takes just a couple of hours.
- Put some funds into your account: To start investing, transfer money into your account using your bank account. There’s no minimum deposit, so you can start as small or as big as you like.
Good to know: To sign up with Trade Republic, you need to be a tax resident in the country where you’re signing up.
Ready to take control of your financial future and start growing your investments? Then Trade Republic offers a great, low-cost and beginner-friendly investment platform!
What’s your preferred investment platform in the Netherlands? Share your tips in the comments.
Disclaimer: Investing involves risks.