Trade Republic
Trade Republic Bank GmbH · DE · 6 countries served
Trade Republic Bank GmbH is a German neobank with full BaFin MiCA CASP licence (2025-05-19) and ECB banking licence. 10M+ customers in 18 countries, €150B AUM, €12.5B valuation (Dec 2025 secondary). Multi-asset platform with real cryptocurrencies (NOT CFD), €1 stock trades, 2% annual interest on idle EUR. Available in all Baltic states (LV/LT/EE).
NorriWire does not maintain an affiliate agreement with this platform.
Fees
| Spot maker | 1.00% |
| Spot taker | 1.00% |
| SEPA deposit | Free |
| Card deposit | 0.00% |
| SEPA withdrawal | Free |
| Crypto withdrawal (avg) | €0.00 |
Features
- ✓SEPA transfers
- −Bank ID support
- ✓Mobile app
- ✓Two-factor authentication
- ✓Cold storage custody
- −Proof of Reserves
- −Derivatives (futures/perp)
- ✓50+ crypto trading pairs
Supported fiat currencies: EUR
Pros
- ✓Full BaFin MiCA CASP licence (2025-05-19) + ECB banking + MiFID II — all in one
- ✓Real cryptocurrencies (NOT CFD) — different from eToro and XTB
- ✓€1 stock and ETF trades — cheapest European broker
- ✓2% annual interest on idle EUR (up to €50,000)
- ✓10M+ customers in 18 countries — one of the largest EU fintechs
- ✓Full LV/LT/EE availability and language support
- ✓Free savings plans (no €1 external fee)
Cons
- ✗🚨 Crypto spread 1% + €1 external settlement per trade — Bitvavo ~5x cheaper
- ✗EUR-only fiat — no USD/GBP
- ✗Not available in Norway, limited in Sweden
- ✗No DeFi or staking services
- ✗Affiliate commission structure not publicly disclosed
- ✗No derivatives (futures, options)
Full review
Trade Republic — Germany's Neobank with Full BaFin MiCA Authorisation
Trade Republic Bank GmbH is a neobank founded in Berlin in 2015, offering stocks, ETFs, derivatives, and crypto within a single mobile app. In 2025, Trade Republic received a full MiCA CASP licence from Germany's BaFin — making it one of the first neobank-style platforms in Europe to hold this status. The company serves 4M+ clients across 17 countries.
In the Norriwire context, Trade Republic is the only major neobank-style multi-asset broker with a full MiCA licence — setting it apart from the CFD-focused approaches of eToro and XTB.
Where Trade Republic Excels
Real cryptocurrency (NOT CFDs). Unlike eToro and XTB, Trade Republic offers genuine crypto custody — users actually hold the cryptocurrency itself, not derivative contracts. The BaFin MiCA licence covers:
- Custody and administration
- Trading platform
- Crypto-asset transfers
One app for everything:
- Stocks and ETFs (€1 per trade)
- Crypto (50+ coins)
- Pension plan (Riester equivalents)
- 4% annual interest on EUR cash accounts (up to €50,000)
Europe's lowest-cost broker. €1 per stock or ETF trade — no other major platform matches this.
Fees
| Service | Fee |
|---|---|
| Stocks / ETF trade | €1 flat |
| Crypto trade | 1% spread |
| SEPA deposit | €0 |
| Apple Pay / Google Pay | €0 |
| Inactivity fee | €0 |
| Account closing | €0 |
⚠️ The 1% crypto spread is less competitive than Bitvavo (0.15%) or Kraken (0.16%), but the convenience of holding stocks, ETFs, and crypto all in one account offsets this for many users.
MiCA and Regulation
Trade Republic Bank GmbH is registered in Germany with:
- Banking licence (BaFin)
- MiFID II investment licence (BaFin)
- MiCA CASP licence (BaFin, 2025) — full EU passport access
Since 2024, Trade Republic has expanded IBAN coverage to 17 EU countries — one of the broadest neobank rollouts to date.