Trade Republic Bank GmbH
Trade Republic Bank GmbH: TRADE REPUBLIC BANK LAUNCHES LONG-TERM OFFER OF ZERO-FEE SAVINGS PLANS
TRADE REPUBLIC BANK LAUNCHES LONG-TERM OFFER OF ZERO-FEE SAVINGS PLANS – Germany’s first mobile-only and commission-free broker is expanding its offering to ETF savings plans, a popular asset class for long-term wealth accumulation in Germany. – More than 280 ETFs can be invested in, free of fees, with no time limitation and flexible investment amounts, starting at 25 euro. – Savings plans can be set up in just three simple taps in the Trade Republic app – BlackRock, the world’s largest asset management firm, is the strategic partner for the ETF offering – As of now, Trade Republic also offers web-based account opening directly through their website BERLIN, NOVEMBER 5, 2019
“Just six months after our successful market launch, we are adding another important product category to Trade Republic’s offering: saving”, says Christian Hecker, one of Trade Republic’s founders. “With this addition we enable long-term zero-fee wealth accumulation for everyone with just three taps. Doing so has been a key part of our vision for Trade Republic from the beginning. By expanding our offering by ETF savings plans, we now provide our customers with a comprehensive range of investment opportunities, on par with traditional brokers – but completely free of fees.” “We are very happy about the strategic cooperation with the Trade Republic Bank”, explains Verena Heming, iShares Digital Distribution Germany bei BlackRock. “By leveraging state-of-the-art technology, Trade Republic offers fast, simple and low-cost access to ETF saving, which makes it easy for people to integrate investing in securities into their daily lives. We are planning to jointly offer additional exciting opportunities to save with ETFs in Germany, in the future.” THE MOST AFFORDABLE, FASTEST AND EASIEST WAY TO ETF SAVING Trade Republic is the first broker in Germany to offer its customers the long-term offer of zero-fee saving with more than 280 ETFs. Unlike many other brokers, Trade Republic never charges order commissions or fees for the settlement for ETF savings plans. Only the customary product costs (e.g. management fees) apply. Therefore, customers can use the money, saved by this offer, to further invest in wealth accumulation. The ETF savings plan of choice can be easily set up with just three taps in the simple and intuitive People who do not yet have a Trade Republic investment account, can open it up in less than 10 minutes directly in the app or on the Trade Republic website. Trade Republic thereby offers its customers the fastest way of setting up their individual ETF savings plan in Germany. RETHINKING THE WAY OF RETIREMENT PLANNING The market for ETFs is growing rapidly: In September 2019, almost 1.1 million ETF savings plans were set up in Germany, according to ExtraETF Research – 325.000 savings plans more than the previous year. In these times of low interest rates, inflation and demographic changes, ETF savings plans are increasingly becoming the new “Sparbuch” of the German people and thus, popular products for long-term diversified wealth accumulation. Trade Republic Bank is offering all these investors a new home, where they can save costs and accumulate and manage wealth even more conveniently in the clearly designed app. With partners like HSBC and BlackRock, as well as a broad portfolio and automatic payment of taxes, Trade Republic offers its investors top quality products and services. TRADING FOR EVERYONE With its mobile and intuitive app, Trade Republic empowers people to seize the opportunities of capital markets, addressing a broad range of target groups from savers to active investors and traders. By adding ETF savings plans to its offering, Trade Republic also enables young people to start accumulating wealth from early on. In BlackRock, the world’s largest asset management firm, Trade Republic has gained another strong, and renowned partner to further expand its offering. PLEASE FIND FURTHER INFORMATION AND PRESS MATERIALS HERE: ABOUT TRADE REPUBLIC Trade Republic Bank is Germany’s first mobile-only and commission-free broker. Users only pay a fee of 1 euro per transaction for the external settlement. The Berlin based fintech’s intuitive app provides fast, mobile and web account opening, intuitive search and filter functions, a personal timeline as well as extended trading hours from 7:30 AM to 11 PM. Investors can trade more than 6,500 German and international stocks, as well as over 500 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) when applicable. In addition, around 40,000 HSBC Germany derivatives based on indexes, currencies and commodities can be traded commission-free. Zero-fee and customised ETF saving plans add on to Trade Republic’s offering. With its cutting-edge technology, Trade Republic realizes cost advantages and passes them on to its customers: no commission fees, no account fee, no negative interest rates – just a flat rate of 1 euro per trade for third-party fees. Trade Republic cooperates with renowned partners like HSBC, BlackRock and solarisBank. Trade Republic Bank holds a German banking license and is supervised by the Bundesbank as well as the Federal Financial Supervisory Authority (BaFin). The Berlin based company was founded in 2015 by Christian Hecker, Thomas Pischke and Marco Cancellieri. In January 2019, Trade Republic was the first German broker to launch mobile-only and permanently commission-free stock trading. Trade Republic’s investors include venture capital investors Creandum and Project A as well as sino AG. About BlackRock BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of September 30, 2019, the firm managed approximately $6.96 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/de | Twitter: @BlackRockDE About iShares iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2 trillion in assets under management as of September 30, 2019, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm (Based on $6.96 trillion in AUM as of 9/30/19). End of Media Release Issuer: Trade Republic Bank GmbH Key word(s): Finance
05.11.2019 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |