Six years after its market launch, Trade Republic has reportedly doubled its customer base to 8 million.
Collectively, these customers manage assets worth 100 billion euro, making Trade Republic the “largest broker” in Europe and strengthening its position as the savings platform.
The introduction of the card and current account “significantly contributed to last year’s growth.”
One-third of customers now “come from international markets.”
In 2025, Trade Republic plans to further accelerate “international growth by establishing local bank branches.”
Supported by its proprietary securities settlement system, the company offers localized “banking and savings products.”
For instance, over 1 million French customers can now invest in commission-free savings plans for the “tax advantaged savings account PEA.”
French customers will also gain access to “a French current account with 3 percent interest per year and a national IBAN.”
Christian Hecker, co-founder of Trade Republic said:
“2024 was a year of significant investment in our infrastructure. With the establishment of national bank branches and our own securities settlement system, we have built a European platform. As the first truly European bank, we aim to offer the most attractive local banking and savings products in every market.”
Trade Republic claims that it provides one of the “most comprehensive” offerings for managing personal finances.
This includes fully passing through the ECB interest rates of currently 3 percent per year “on all deposits, a free debit card that invests 1 percent of each transaction into a savings plan, and commission-free access to capital markets.”
Recognizing that every European market also has “unique” local characteristics, Trade Republic “leverages its European technology and licensing infrastructure to bridge these gaps.”
In 2025, customers across many EU markets will gain “access to national current accounts with local IBANs and local payment methods.”
Additionally, state-supported savings products will “be integrated into the offerings in the largest markets.”
In 2024, Trade Republic made substantial “investments in its infrastructure while achieving strong business growth.”
Despite fully passing on ECB interest rates to its customers, the bank closed both the “fiscal and the calendar year 2024 profitably again.”
As noted in the update, Trade Republic is on a mission to “empower everyone to create wealth with easy, safe and free access to the financial system.”
With customers across 17 European countries and over 100 billion euro in assets under management, Trade Republic has become “the home screen app for Europeans to manage their wealth.”
Trade Republic offers savings plans, fractional trading of “shares, ETFs, bonds, as well as derivatives and crypto.”