Trade Republic Account Type

Trade Republic offers two primary account types: Standard Account and Professional Account.

• Standard Account
• Minimum Deposit: €0
• Trading Fee: €1 per trade
• Market Access: Stocks, ETFs, basic cryptocurrencies
• Analysis Tools: Basic charting
• Trading Hours: Regular market hours
• Support Level: Standard support
• Savings Plans: Commission-free ETF savings plans available
• Professional Account
• Minimum Deposit: €500
• Trading Fee: €1 per trade
• Market Access: All markets including derivatives
• Analysis Tools: Advanced analysis tools
• Trading Hours: Extended trading hours
• Support Level: Priority support
• Additional Features: Access to advanced trading tools and extended hours trading

Trade Republic Broker Account Opening Process

Opening a Trade Republic account is a straightforward process that typically takes 10-15 minutes. Heres a step-by-step guide:

• Download the App: Access the Trade Republic app from your mobile device.
• Sign Up: Enter your phone number to create an account.
• Identity Verification: Complete video identification using a valid government ID. This step may include answering a few questions to verify your identity.
• Provide Personal Information: Enter your name, email address, address, date of birth, citizenship, and bank account details for withdrawals.
• Agreement and Confirmation: Review and agree to the terms and conditions, then submit your application.
• Approval: Most accounts are approved within 24 hours, after which you can start trading.

Requirements for Opening an Account

• Age: Must be 18 years or older
• Residency: Must be a resident of one of the supported EU countries
• Documents Needed: Government-issued ID, proof of address, and bank account information

For more details on the account types and opening process, visit the official Trade Republic website.