Trade Republic Fees Explained (2026):
€1 order fee, free Sparplan, and what’s hidden
The €1 flat fee is real — and for large orders or monthly savings plans it makes Trade Republic one of the cheapest brokers in Europe. But the full cost picture includes LS Exchange spreads, embedded FX costs, and no limit orders. This page breaks it all down.
Some of the links on this site are affiliate links, meaning we may earn a commission at no extra cost to you if you sign up through them. This does not affect our reviews or recommendations — we only feature products we genuinely believe are useful for investors. This site provides educational content only, not personalized investment advice. Investments can lose value and past performance does not guarantee future results. You are responsible for your own financial decisions and for confirming the tax and legal rules that apply in your country.
Complete fee summary
All major cost lines in one place. The headline is simple; what’s below the line is what this guide covers.
| Fee type | Amount | When it applies |
|---|---|---|
| Stock & ETF order fee | €1.00 flat | Per manual order — stocks, ETFs, derivatives |
| Savings plan (Sparplan) | €0.00 | All recurring investments — stocks, ETFs, crypto |
| Spread (LS Exchange) | ~0.05–0.15% | Implicit cost on every order; wider than Xetra |
| FX conversion | Embedded in spread | Non-euro assets; not a separate line item (~0.10–0.25%) |
| Crypto order fee | €1.00 flat | Per manual crypto trade |
| Custody fee | €0.00 | Not charged |
| Inactivity fee | €0.00 | Not charged |
| Deposit / withdrawal | €0.00 | SEPA transfers and linked bank account |
| Cash interest | ECB rate (≤ €50k) | Paid on uninvested cash; rate varies with ECB policy |
Figures sourced from Trade Republic’s official pricing page. Always verify current rates before investing.
The €1 fee and free savings plans
A €50 order and a €50,000 order cost exactly the same. No percentage component, no minimum, no maximum. This makes Trade Republic very cost-efficient for larger single purchases — and relatively expensive for tiny ones compared to zero-commission brokers.
| Order value | Effective rate |
|---|---|
| €100 | 1.00% |
| €500 | 0.20% |
| €1,000 | 0.10% |
| €5,000 | 0.02% |
| €10,000 | 0.01% |
Recurring investments in stocks, ETFs, and crypto carry zero transaction fee — regardless of amount or frequency. A €25/month plan and a €1,000/month plan both cost €0. Minimum: €1 per execution.
For DCA investors making automated monthly contributions into broad UCITS ETFs, the Sparplan model makes Trade Republic one of the cheapest platforms in Europe. The implicit spread still applies, but on major index ETFs it’s negligible.
Spread costs and what the €1 doesn’t tell you
Every Trade Republic order — manual or savings plan — goes through LS Exchange (Lang & Schwarz), not a primary exchange like Xetra. That distinction has a real cost.
LS Exchange operates extended hours (07:00–23:00 CET) — convenient, but spreads outside the 09:30–17:00 core window are materially wider. Late evening or early morning orders on less liquid instruments can face spreads 2–3× the daytime rate.
| Asset | LS Exchange spread (est.) | Xetra spread (est.) |
|---|---|---|
| Major UCITS ETFs (IWDA, VWCE) | 0.05–0.15% | 0.01–0.05% |
| Large-cap European stocks | 0.05–0.20% | 0.01–0.10% |
| Small/mid-cap stocks | 0.20–0.60% | 0.10–0.40% |
| US stocks (with FX) | 0.15–0.40% | N/A (USD venue) |
| Crypto | 0.50–1.50% | N/A |
Estimates based on available data — actual spreads vary by instrument, time of day, and market conditions.
Trade Republic executes all orders at market price. You cannot set a maximum buy price. For large orders or less liquid instruments, this means accepting whatever spread LS Exchange quotes at the moment of execution. For regular savings plan ETF purchases this is rarely a practical issue.
For manual orders, place trades during core European hours (09:30–17:00 CET) when LS Exchange spreads are tightest. Avoid late evening or pre-market orders on anything other than the largest, most liquid ETFs.
FX handling and interest on cash
Trade Republic accounts are euro-denominated. When you buy a non-euro asset — a USD stock, UK stock, or USD-denominated ETF — currency conversion is handled internally via LS Exchange. Unlike DEGIRO’s explicit 0.25% FX line, the cost is baked into the spread.
Estimated at ~0.10–0.25% depending on currency pair and liquidity. Less transparent than a named fee, but comparable in size to DEGIRO’s explicit charge.
Trade Republic pays interest on uninvested cash up to €50,000, linked to the ECB deposit facility rate. This is meaningful for investors who:
- Hold a cash buffer in the brokerage account
- Accumulate funds between monthly investments
- Are temporarily holding cash while waiting to redeploy
Rates update with ECB decisions. DEGIRO pays nothing on cash. IBKR pays interest above certain thresholds. For anyone keeping meaningful cash at a broker, this distinction matters.
How Trade Republic compares
Headline fees don’t tell the whole story — FX, spreads, and cash interest all shift the real cost depending on how you invest.
| Broker | ETF fee | Savings plan | FX cost | Cash interest |
|---|---|---|---|---|
| Trade Republic | €1 flat | Free | ~0.10–0.25% (embedded) | Yes (ECB rate, ≤€50k) |
| DEGIRO | €1 + 0.03% (Core: free) | No savings plans | 0.25% (explicit) | No |
| Trading 212 | €0 | Free (AutoInvest) | 0.15% FX fee | Yes |
| Interactive Brokers | ~€1.25 flat | No native plans | ~0.002% (IdealPro) | Yes (above threshold) |
| Scalable Capital (Prime) | €0 | Free | 0.99% (non-EUR) | Yes |
Who Trade Republic’s fee structure suits
- Monthly savings plans (Sparplan) into EUR-denominated UCITS ETFs — zero transaction cost.
- Larger lump-sum purchases where €1 flat beats percentage alternatives.
- Investors who want interest on their uninvested cash.
- Beginners who value simplicity and a mobile-first experience.
- Active traders who need limit orders and primary exchange access.
- Multi-currency investors who need transparent, low-cost FX conversion.
- Investors who need a very wide product range or niche ETF access.
- Anyone placing large orders in small-cap stocks where LS Exchange spreads are wide.
Open a Trade Republic account
Free savings plans, a flat €1 per manual trade, and interest on uninvested cash make Trade Republic one of the most cost-effective platforms for European index investors — especially for automated monthly ETF investing.
Go deeper
Frequently asked questions
What is Trade Republic’s trading fee?
Trade Republic charges a flat €1 per order for stocks, ETFs, and derivatives. Savings plans (Sparplan) are completely free — no transaction fee on any recurring investment regardless of amount or frequency.
Does Trade Republic charge a spread on top of the €1 fee?
Yes. Trade Republic routes all orders through LS Exchange (Lang & Schwarz), not a primary exchange like Xetra. LS Exchange spreads are typically wider — around 0.05–0.15% for major ETFs — adding an implicit cost on top of the €1 fee. The difference is more pronounced outside core European trading hours and for less liquid instruments.
Are savings plans free on Trade Republic?
Yes. Savings plans (Sparplan) on Trade Republic carry no transaction fee at all. You can set up automated recurring investments in stocks, ETFs, and crypto from as little as €1 per execution. This is one of the main reasons Trade Republic is popular for passive index investors in Europe.
Does Trade Republic pay interest on uninvested cash?
Yes. Trade Republic pays interest on cash balances up to €50,000, linked to the ECB deposit facility rate. The rate updates automatically with ECB decisions — check Trade Republic’s current terms for the up-to-date figure before relying on it as a savings vehicle.
How does Trade Republic handle foreign exchange?
Trade Republic accounts are euro-denominated. When you buy a non-euro asset, FX conversion is handled internally through LS Exchange and embedded in the spread — it does not appear as a separate line item on your order confirmation. The implicit FX cost is estimated at roughly 0.10–0.25%. For most European investors buying EUR-denominated UCITS ETFs, this is not relevant — the majority of popular index ETFs are available on Trade Republic priced in euros.
Does Trade Republic support limit orders?
No. Trade Republic executes all manual orders at market price via LS Exchange — there is no native limit order functionality for standard stock and ETF trades. You cannot cap your buy price. For automated savings plans into major ETFs this is generally not a practical problem, but for large manual orders in less liquid instruments it is a meaningful constraint.
QuantRoutine provides educational content only. Nothing on this page is an offer, solicitation, or recommendation to buy or sell any security or to open an account with any specific broker. Fee figures are sourced from publicly available information and are for illustrative purposes — always verify current rates and terms on Trade Republic’s official website before investing. Investments can lose value, and past performance does not guarantee future results.