Europe’s Largest Savings Platform, Trade Republic, Launches in Ireland

DUBLIN--(BUSINESS WIRE)--Trade Republic, the largest savings platform in Europe, today launches in the ROI. Residents of Ireland can now use the Trade Republic app or website to jump-start their wealth creation journeys with secure, easy and commission-free access to capital markets.

Trade Republic does not charge its customers any order commission, there is just one euro of external fees to cover clearing and settlement, regardless of the size of the order. Savings plans for stocks and ETFs are offered completely free of charge.

“With inflation being at almost nine percent in Ireland, there really is no alternative to investing,” says Hugo Suidgeest, Country Manager of Trade Republic in Ireland. “Everyone who leaves their money just sitting in their bank account will lose purchasing power year over year, and the state pension - even if you work until 70 years of age - will probably not be enough to keep up your lifestyle.”

The Irish can now join over 1 million customers with access to a total of over 8,000 Irish, European, Asian and US stocks, 1,100 ETFs, real-time data, price alerts, a wide range of different order types, extended trading hours, from 7:30am to 11:00pm and automated savings plans for over 3,600 stocks and ETFs.

The Trade Republic account can be opened in the app as well as on the desktop in just a few minutes and is possible for adult users who are both fiscally and physically resident in Ireland with a smartphone (with iOS or Android operating system), a European telephone number and a SEPA bank account.

Trade Republic is also expanding its services to Belgium, Estonia, Finland, Greece, Latvia, Lithuania, Luxembourg, Portugal, Slovakia and Slovenia, making the company present in 17 European countries, reaching 340 million people.

ABOUT:

Trade Republic is on a mission to set millions of Europeans up for wealth creation with secure, easy and commission-free access to capital markets. With over one million customers, Trade Republic offers investing in equities, derivatives, crypto as well as fractional savings plans. Trade Republic has received investments from Accel, Creandum, Founders Fund, Ontario Teachers‘, Project A, Sequoia, TCV and Thrive Capital. The company based in Berlin was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.