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, exit fees, and a changing regulatory backdrop. This page breaks it all down.
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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; market-only execution |
| 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 (terms vary by country) | Paid on uninvested cash; rate varies with ECB policy |
| Portfolio transfer out | ~€25 per position | In-kind transfer to another broker |
| Physical card (one-time) | €5 / €50 | Classic card €5; Mirror card €50; virtual card free |
| ATM withdrawal | €0 / €1 | Free above €100; €1 fee for withdrawals under €100 |
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 is negligible.
Order types and fractional execution
What order controls you actually have — and where the model imposes limits — depends on what you’re trading.
For whole-share stock and ETF orders, Trade Republic supports market, limit, and stop orders. You can set a maximum buy price on a standard ETF order via a limit. The caveat: all execution still routes through LS Exchange, so limit orders fill at LS Exchange prices — not Xetra or Euronext.
For ETF investors buying a few hundred or thousand euros of a major UCITS index fund, this rarely causes problems during core hours.
- Crypto trades: market-only. No limit or stop orders available.
- Fractional trades: executed via LS Exchange at market-style pricing, with Trade Republic acting as counterparty. No limit-price control on fractional purchases.
- Savings plans: executed at the prevailing LS Exchange price on the plan date — no timing or price control.
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.
Execution model and PFOF: why this matters in 2026
Trade Republic’s low visible fee is partly made possible by its execution model. Understanding it helps you read the real cost picture — and assess whether it’s likely to change.
All Trade Republic orders route through LS Exchange (Lang & Schwarz), not through a user-selectable primary exchange. Trade Republic has historically received rebates from its trading partner as part of this arrangement — a model known as payment for order flow (PFOF).
The risk is not that Trade Republic is acting dishonestly — it is that single-venue routing means less execution transparency and less venue competition. For liquid ETFs during core market hours, the practical difference is small. For larger orders, illiquid instruments, or off-hours trades, execution quality matters more.
The EU is phasing out payment-for-order-flow arrangements under MiFIR Article 39a, with the deadline set at 30 June 2026. This prohibits investment firms from receiving third-party benefits for routing client orders to a particular venue.
Neobrokers that rely on single-venue execution economics may need to adapt their pricing, routing, or product model. Trade Republic’s current fee structure — including the €1 flat fee — should not be assumed to be permanently fixed. It is worth monitoring how Trade Republic responds to the rule change after mid-2026.
FX handling, cash interest, and protection mechanics
Trade Republic accounts are euro-denominated. When you buy a non-euro asset, 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.
FX can also appear after purchase. Dividends or ETF distributions received in a non-euro currency may be converted back to euros via LS Exchange, adding a further implicit cost. For investors using accumulating EUR-denominated UCITS ETFs, this is typically not visible — the fund handles USD exposure internally.
Trade Republic pays interest on uninvested cash linked to the ECB deposit facility rate. Interest terms — including any balance cap and activation requirements — vary by country. Always check the local Trade Republic interest page for the current rate and conditions rather than assuming a universal figure applies.
This matters for investors who hold a cash buffer in the account, accumulate between monthly investments, or are temporarily holding proceeds before redeployment.
Banking features that interact with the fee structure
Trade Republic has expanded into banking. Some of these features can offset trading costs — or add new ones.
Eligible card spending earns 1% back, automatically invested into a savings plan of your choice. For an investor spending €500/month on everyday purchases, this adds €5/month to their savings plan at zero cost — effectively covering five manual €1 trade fees per month.
Saveback does not apply to all spending categories. Check Trade Republic’s current local terms for eligible transactions and any caps.
Card payments can be rounded up to the nearest euro, with the difference automatically invested into a savings plan. A €4.60 coffee becomes €5.00, with €0.40 going into your ETF. Useful for investors who want to maximise small contributions without manual transfers.
| Item | Cost | Notes |
|---|---|---|
| Virtual card | Free | Available immediately after account opening |
| Classic physical card | €5 one-time | Standard physical card |
| Mirror card | €50 one-time | Premium metal card |
| ATM withdrawal ≥ €100 | Free worldwide | No per-transaction fee above threshold |
| ATM withdrawal < €100 | €1 fee | Per transaction below €100 threshold |
Administrative and exit costs
Trade Republic is cheap to use. It is less cheap to leave. Investors planning to switch broker eventually should factor this in before building a large portfolio here.
In-kind transfers — moving your securities to another broker without selling — cost approximately €25 per position. A portfolio with 4 ETF lines costs ~€100 to transfer out. A more diversified portfolio with 10–15 positions can cost €250–€375.
Selling before transferring avoids this fee but triggers a taxable event in most EU countries. Verify the current fee on Trade Republic’s pricing page before planning a switch.
Trade Republic’s main non-fee weakness is operational: users frequently report slow automated support, limited human assistance, and delays on complex requests such as account transfers or inheritance-related access.
For a small monthly ETF savings plan that runs on autopilot, this is unlikely to matter. For a large, concentrated portfolio where something going wrong has real consequences, it is worth factoring in before committing.
How Trade Republic compares
Headline fees don’t tell the whole story — FX, spreads, cash interest, and exit costs all shift the real cost depending on how you invest.
| Broker | ETF fee | Savings plan | FX cost | Cash interest | Transfer out |
|---|---|---|---|---|---|
| Trade Republic | €1 flat | Free | ~0.10–0.25% (embedded) | Yes (ECB rate) | ~€25/position |
| DEGIRO | €1 + 0.03% (Core: free) | No | 0.25% (explicit) | No | Varies |
| Trading 212 | €0 | Free | 0.15% FX fee | Yes | Varies |
| Interactive Brokers | ~€1.25 flat | No native plans | ~0.002% (IdealPro) | Yes (above threshold) | Low/free |
| Scalable Capital (Prime+) | €0 (≥€250 on Gettex/EIX) | Free | Not disclosed | Yes | Varies |
Tax handling depends on your country
Trade Republic is most tax-convenient for German residents, where automatic withholding and German annual tax statements are built into the platform. For most other EU investors, Trade Republic provides transaction reports but the investor remains responsible for local declarations, dividend tax treatment, account reporting, and any wealth or transaction taxes.
Belgian, Dutch, Italian, French, Spanish, and Portuguese investors should verify local obligations before assuming Trade Republic handles tax for them. Do not confuse “Trade Republic provides a year-end report” with “Trade Republic files your tax return.”
For country-specific investment tax rules, see the QuantRoutine tax guides.
Who Trade Republic’s fee structure suits
- Monthly savings plans into EUR-denominated UCITS ETFs — zero transaction cost.
- Larger lump-sum purchases where €1 flat beats percentage alternatives.
- Investors who want interest on uninvested cash and a Saveback card benefit.
- Beginners who value simplicity, a mobile-first experience, and don’t plan to trade actively.
- Active traders who need primary exchange access or deep order-routing control.
- Multi-currency investors who need transparent, explicit FX conversion rates.
- Investors building a large portfolio who may want to switch broker later — transfer costs compound with position count.
- Non-German EU investors who need hands-off tax handling.
| Investor type | Trade Republic fit |
|---|---|
| Monthly UCITS ETF saver (EUR-denominated) | Strong fit — Sparplan is free, spreads on major ETFs are small |
| Large lump-sum ETF buyer | Good only during liquid hours; use limit orders; check spread first |
| Active stock trader | Weak fit — single venue, embedded spreads, limited tools |
| Multi-currency / tax-complex investor | Mixed fit — FX is opaque; tax handling varies significantly by country |
| Large portfolio (planning to switch broker) | Consider exit costs (€25/position) before committing at scale |
Open a Trade Republic account
Free savings plans, a flat €1 per manual trade, interest on uninvested cash, and a 1% Saveback card 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 support limit orders?
Yes, for standard stock and ETF trades. Trade Republic supports market, limit, and stop orders for regular whole-share securities. However, there are restrictions by asset type: crypto trades are market-only with no limit or stop order available, and fractional trades are executed via LS Exchange where Trade Republic acts as counterparty — making them market-style without price control. For whole-share ETF and stock orders, limit orders are a useful tool, especially for large orders or less liquid instruments during off-hours.
Does Trade Republic use payment for order flow (PFOF)?
Trade Republic routes all orders through LS Exchange (Lang & Schwarz) and has historically received rebates from its trading partner as part of this arrangement. The EU is phasing out payment-for-order-flow under MiFIR Article 39a, with a deadline of 30 June 2026. This may require Trade Republic and other neobrokers operating on similar economics to adapt their pricing or routing model. Today’s €1 fee structure should not be assumed to be permanently fixed — monitor how the platform responds after mid-2026.
Does Trade Republic pay interest on uninvested cash?
Yes. Trade Republic pays interest on cash balances linked to the ECB deposit facility rate. Interest terms — including any balance cap, activation requirement, and the protection structure (partner bank deposits vs liquidity fund allocations) — vary by country. Always check the local Trade Republic interest page for the current figure before relying on it as a savings vehicle. Cash held in liquidity funds is not covered by deposit guarantee schemes, even though it is segregated.
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%. Dividends received in non-euro currencies may also be converted, adding a further implicit cost. For most European investors buying EUR-denominated UCITS ETFs, broker-level FX is not a factor — the vast majority of popular index ETFs trade in euros on Trade Republic.
What does it cost to transfer my portfolio out of Trade Republic?
In-kind portfolio transfers to another broker cost approximately €25 per position. A simple 3-ETF portfolio costs around €75 to transfer out. A more diversified portfolio with 10+ positions can run €250 or more. Selling before transferring avoids this fee but triggers a taxable event in most EU countries. Verify the current fee on Trade Republic’s pricing page before planning a switch, and factor this cost into your long-term broker choice.
Does Trade Republic handle taxes automatically?
It depends on your country. German residents benefit from automatic withholding and German tax statements built into the platform. For most other EU investors, Trade Republic provides year-end transaction reports, but investors remain responsible for local tax declarations, dividend tax treatment, account reporting, and applicable wealth or transaction taxes. Belgian, Dutch, Italian, French, Spanish, and Portuguese investors should verify local obligations independently before treating Trade Republic as handling tax for them.
What is Trade Republic’s Saveback feature?
Saveback automatically invests 1% of eligible Trade Republic card spending into a savings plan of your choice. For investors who use the card for everyday purchases, this can partially or fully offset the €1 manual order fee depending on monthly spending volume. Saveback does not apply to all spending categories — check Trade Republic’s current local terms for eligible transactions and any applicable caps.
Are Trade Republic ATM withdrawals free?
ATM withdrawals above €100 are free worldwide. Withdrawals below €100 incur a €1 fee per transaction. The physical Trade Republic card has a one-time issuance cost: €5 for the Classic card and €50 for the Mirror card. The virtual card is free and available immediately after account opening.
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.