Trade Republic Account Type

　　Trade Republic offers a single account type designed for both beginners and experienced investors. This account provides access to various financial instruments, including stocks, ETFs, bonds, and derivatives. Here are the key features of the Trade Republic account:

• Minimum Deposit: There is no minimum deposit requirement to open an account, making it accessible for all investors.
• Trading Fee: A flat fee of €1 is charged per trade, regardless of the trade volume.
• Asset Variety: Users can trade over 10,400 global stocks and ETFs, 50 cryptocurrencies, and various derivatives.
• Savings Plans: Trade Republic offers commission-free savings plans, allowing users to invest automatically in selected assets without incurring the €1 fee.

　　

Trade Republic Broker Account Opening Process

　　Opening a Trade Republic account is a straightforward process that can typically be completed in less than 15 minutes. Heres how to do it:

• Download the Mobile App: Install the Trade Republic app from the app store.
• Sign Up: Click on the "Sign Up" button and enter your phone number to receive a verification code.
• Personal Information: Fill in your personal details, including your name, address, date of birth, and nationality.
• Bank Account Linking: Enter your SEPA bank account details for deposits and withdrawals.
• Video Identification: Complete a video identification process to verify your identity using a valid ID (passport or identity card).
• Tax Information: Provide your tax ID and any necessary documentation to comply with regulations.
• Approval: Once your information is verified, you will receive confirmation via email, and your account will be activated.

　　This process allows users to start trading quickly with minimal barriers.

　　Source: Trade Republic