Trade Republic Bank GmbH
TRADE REPUBLIC STARTS AS THE FIRST GERMAN MOBILE-ONLY AND COMMISSION-FREE BROKER
DGAP-News: Trade Republic Bank GmbH / Key word(s): Market launch/Product Launch TRADE REPUBLIC STARTS AS THE FIRST GERMAN MOBILE-ONLY AND COMMISSION-FREE BROKER
Berlin, January 9, 2019 – The beginning of commission-free trading, made in Germany: The Trade Republic Bank is the first German broker to offer its clients mobile-only and commission-free stock and ETF trading. Users only pay a fixed fee of 1 euro per transaction for the external settlement of the transaction. The Berlin-based fintech cooperates with renowned partners, such as HSBC and solarisBank. Everyone interested can now sign up for the waiting list via app or website. Mobile, intuitive, fast – commission-free At Trade Republic, customers can trade more than 6,100 German and international stocks as well as over 250 ETFs commission-free, no account fee or negative interest rates. Only a fixed fee of 1 euro per transaction for the external settlement will apply – regardless of the order size. Trade Republic brings commission-free trading to Germany’s over ten million investors. With its convenient and intuitive app, the Berlin fintech enables those, who used to avoid capital markets, to invest their money. “Trading in Germany is still expensive, complicated and inconvenient. We are going to change that,” says Christian Hecker, founder of Trade Republic. “Securities trading is a truly mobile experience. Our app is easy to understand and allows people to effortlessly invest their money in capital markets – everytime, everywhere.” Christian Hecker has founded the company in 2015, together with Thomas Pischke and Marco Cancellieri. Securities trading doesn’t have to be complicated With Trade Republic, it has never been easier to enter capital markets: After opening a securities account, it only takes three taps to trade German and international stocks as well as ETFs. The cooperation with the LS Exchange, a trading system operated by the Hamburg Stock Exchange, stands for high quality for Trade Republic customers. Stock price quality is supervised by the Hamburg Stock Exchange. Spreads are bound to the reference market XETRA (Deutsche Börse) if applicable. Customers benefit from extended trading hours: from 7:30 am to 11 pm, each trading day. Technology company with banking license In the last three years, Trade Republic Bank has developed a comprehensive banking infrastructure, which is run on modern servers in Germany. “The infrastructure of many incumbent banks and brokers are outdated. Our technology allows us to automize even complex processes in real-time. Thereby, we’re increasing the comfort for customers, while reducing costs significantly,” adds founder Thomas Pischke, who has already won several programming competitions of major banks, developing prototypes of the Trade Republic technology. As a German bank, Trade Republic is supervised by the Bundesbank as well as the BaFin (Federal Financial Supervisory Authority). Customers profit from a wide range of banking services, including automated German tax deduction, the annual German tax return statement as well as the processing of all corporate actions and shareholder meeting invitations. Solid financing allows long-term planning Before launching, Trade Republic has already raised more than 6 million euros. In 2019, Trade Republic aims to extend its trading universe and roll out its offer within the Eurozone. Waiting list is now open for sign-ups “From day one, we will offer each customer the best stability and reliability. To guarantee a smooth experience, we will gradually transfer users from the waiting list to the account opening process,” explains founder Christian Hecker. “The sooner the user registers on the waiting list, the earlier he or she will be able to start commission-free trading.” The Trade Republic app can be downloaded as of now from the App Store or Google Play. ADDITIONAL INFORMATION AND PRESS MATERIALS: Trade Republic customers can trade more than 6,100 German and international stocks as well as over 250 ETFs on indexes, commodities and currencies – commission-free. Stock price quality is supervised by the Hamburg Stock Exchange. Spreads are bound to the reference market XETRA (Deutsche Börse) if applicable. With is cutting-edge technology, Trade Republic realizes cost advantages and passes them on to its customers: no commission fee, no account fee, no negative interest rates. Trade Republic cooperates with renowned partners, such as HSBC and solarisBank. Trade Republic holds a German banking license and is supervised by the Bundesbank as well as the BaFin (Federal Financial Supervisory Authority). The Berlin-based company was founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri. As the first German broker, Trade Republic started introducing mobile-only and permanently commission-free stock trading in January 2019. In 2017, sino AG joined Trade Republic as a strategic investor.
09.01.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |