#WealthTech / Trade Republic plots European expansion

Trade Republic offers commission-free trading to retail investors in France, Austria, and Germany. The firm is valued at more than $5 billion, and has more than one million users.

[Co-founder] told the news service the firm plans to build “the bank of the future”.. Trade Republic already carries a German banking licence.

Trade Republic launched a free shares savings plan in September 2020. It charges a €1 flat rate for third-party costs per trade.

Users can make a minimum investment of €10, which can be placed into fractional shares. The plan offers 1,000 shares available for investment.

… another of the firm’s co-founders, says that more than half of its user base had never invested in capital markets before… the firm can “empower people to start with wealth creation” and act as a “core savings account for our customers”.