Trading.com vs Trade Republic (2026):
A new CySEC investing account against a German bank
Trading.com opened its Investment Account to EEA clients in December 2025 — real shares and ETFs, no commission, and a single cost that does most of the work: 0.25% on currency conversion, charged on the buy and on the sell of any share or ETF priced outside your account currency — a rate Trading.com confirmed to us in writing rather than publishes anywhere. Trade Republic is a German bank with a price list built around a flat €1.00 settlement charge per trade and free savings plans. This page compares what each order costs, how each handles currency conversion, recurring contributions, cash interest, execution, custody and what the compensation schemes actually cover.
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TL;DR
One is a securities account with a single percentage cost. The other is a bank account with a flat charge per order and a savings-plan engine attached.
- You want a flat cost structure you can read off one line: no commission, no execution or handling charge, no custody fee and no inactivity or dormant fee on the Investment Account.
- You mostly buy assets priced in your own account currency, where the 0.25% conversion charge never arises.
- You hold dividend-paying foreign shares — dividends convert at the live interbank rate with no conversion charge, which is unusual.
- You want the option of a non-EUR base currency: EUR, USD, GBP, HUF, PLN or CHF, one per account.
- You want interest on uninvested cash without a tier structure — the advertised rate differs by currency, and within a currency there are no tiers or caps by balance size.
€50 minimum deposit. Conversion applies on the buy and on the sell of any share or ETF priced outside your account currency, and the account holds one currency. Other fees may apply.
- You invest on a schedule — savings plans execute free of charge and the €1.00 settlement flat rate does not apply to them.
- You want to contract with a CRR credit institution supervised by BaFin rather than with an investment firm.
- You want the account to do more than hold securities: a debit card, ATM access and, in 11 of its 18 countries, crypto sit on the same platform.
- You want no charge to move your portfolio out — outgoing securities transfers are free of Trade Republic charges, though third-party costs may be added.
- You spend abroad on the card — currency translation on card payments and foreign ATM withdrawals is priced at €0.
€1.00 settlement flat rate on ordinary trades. Foreign dividends carry a conversion margin. Instant card deposits cost 1% after the first one.
Quick comparison
Trading.com figures are Investment Account figures throughout. Where a line simply does not exist in a broker’s published documents, that is what the cell says, rather than a zero.
| Category | Trading.com (Trading.com Markets EU Ltd) | Trade Republic (Trade Republic Bank GmbH) |
|---|---|---|
| Commission, shares and ETFs | €0, stated with Trading.com’s own note that other fees may apply | €0 — the order commission line is priced at zero |
| Per-order charge | None. No execution or handling line appears in the pricing documents | €1.00 settlement cost flat rate per trade. On partial fills it is charged once per trading day, not per fill. Savings plans are excluded |
| Currency conversion | 0.25%, on the buy and on the sell of any share or ETF priced outside your account currency. Confirmed in writing by Trading.com, September 2026 — it is not published in their documents | Margins published as absolute amounts in the quoted currency, not percentages: USD 0.0014, GBP 0.0011, CHF 0.0014, AUD 0.0018. Added on debits, subtracted on credits, scoped to income converted into EUR |
| Conversion on dividends | No conversion charge. Dividends convert at the live interbank rate | The published margin applies to foreign dividends and corporate-action proceeds. The conversion timestamp differs from the timestamp of the securities transaction |
| Conversion on a foreign-currency purchase | 0.25%, the same rate as on the sell | Embedded in the price: where Trade Republic executes as counterparty, its execution policy counts currency conversion as part of the price. No separate line and no published size |
| Account currencies | One currency per account, chosen from EUR, USD, GBP, HUF, PLN and CHF; a second currency cannot be held alongside it | Cash account in euros (złoty in Poland) |
| Recurring investing | The Order Execution Policy sets out Market, Limit and Stop orders; a scheduled or recurring purchase is not among them | Savings plans, free per execution, on ETFs, shares, ELTIFs and crypto-assets, with crypto offered in 11 of its 18 countries. €10 to €10,000 of investment volume per execution |
| Minimum to start | €50 minimum deposit | No minimum deposit; trading starts once the first deposit is registered |
| Interest on uninvested cash | Opt-in, and not automatic. EUR at 2.00% as advertised on 10 September 2026, variable; the advertised rate differs by currency. Cash sits in a qualifying money market fund, not as a deposit. Within a currency, no tiers or caps by balance size | Must be activated in the app. Cash above a “Partner Amount” that Trade Republic sets and can change sits in qualifying money market funds. No rate appears in the price list or customer agreement; the advertised rate is in the cash section below. Blocked balances earn nothing |
| Custody and inactivity | No custody, safekeeping or management charge. No inactivity or dormant fee on the Investment Account | Custody account and cash account management both free. No inactivity line appears in the price list |
| Moving your portfolio out | €50 per request, and conditional on the receiving provider accepting the holding | Free of Trade Republic charges; third-party costs may be added, expressly including on securities transfers |
| What the account holds | Shares and ETFs. 1,229 shares and 376 ETFs as at 14 September 2026, described by Trading.com as growing | ETFs, shares, ELTIFs and crypto-assets, with crypto offered in 11 of its 18 countries. No instrument count appears in the price list or customer agreement |
| Funding costs | No Trading.com deposit or withdrawal fee. On bank wires it covers its own side only, so correspondent and receiving-bank charges sit with you | Bank transfers in and out free. Instant deposit by card, Apple Pay or Google Pay: the first is free, every subsequent one costs 1% of the amount paid in |
| Execution model | May act as agent and route to a third-party broker, or as principal and fill from its own inventory. Orders may be executed outside a regulated market or MTF. Its policy gives an indicative list, subject to change at any time, of venues on which it places significant reliance: CMC Markets UK Plc | Prices in the app are indicative only. Trade Republic may execute client orders for its own account. Venue selection is based primarily on total consideration |
| Payments from third parties | Not addressed in Trading.com’s published pricing or execution documents | The customer agreement permits Trade Republic to receive and keep them, and states the client has no claim to have them passed on |
| Compensation scheme | Cyprus Investor Compensation Fund, up to €20,000 “or as may be updated from time to time”. Investor compensation, not deposit insurance | Client cash on the trust accounts is protected by each trust bank’s deposit guarantee, up to €100,000 per depositor per credit institution. The money market fund portion is not a deposit and is not covered |
| Who you contract with | Trading.com Markets EU Ltd, Cypriot investment firm, CySEC licence 256/14, registration HE 328593, Limassol | Trade Republic Bank GmbH, Berlin, HRB 244347 B, a CRR credit institution supervised by BaFin |
| Where you can open one | Any country within the EEA, confirmed by Trading.com in September 2026. US residents not accepted. Joint accounts not offered | 18 countries; applicants must be permanent residents of one of them. The relationship is tied to one country and moving country is grounds for termination without notice |
What each order actually costs
Both brokers advertise zero commission, and both are telling the truth. The money is made elsewhere, and in two completely different places.
- Commission: €0 on shares and €0 on ETFs in the Investment Account. Trading.com attaches its own qualification to that claim — other fees may apply — and it is reproduced here for the same reason they print it.
- Execution and handling: no separate line exists in the pricing documents, and the Order Execution Policy sets out none.
- Custody: no custody, safekeeping or management charge, confirmed in writing in September 2026.
- Currency conversion: 0.25%, applied on the buy and on the sell of any share or ETF priced outside your account currency. This is the material cost of ownership on the account and it is covered in full below.
- Inactivity: no inactivity or dormant fee on the Investment Account.
- Transferring out: €50 per request, and conditional on the receiving provider accepting the holding.
- Chargebacks: USD 150 on receipt of a chargeback raised against a deposit.
- Minimum deposit: €50.
- Taxes: stamp duty and transaction taxes are applied where they arise and shown in the platform before you submit the order. Fees are calculated and displayed pre-trade.
Source: Trading.com’s EU Costs and Charges (V4, 23 June 2026), Investment Account Client Agreement (V7, 13 July 2026) and Order Execution Policy (V4, 23 June 2026), plus written confirmations from Trading.com. Verified September 2026.
Verify on Trading.com →- Commission: the order commission line in the price list is priced at zero.
- Settlement flat rate: €1.00 per trade. It is a settlement cost flat rate, not a commission — the two are separate lines in the same document, and any page that calls the €1.00 a commission has misread it. On partial fills it is charged once per trading day rather than once per fill.
- Savings plans: free per execution, and expressly outside the €1.00 settlement flat rate.
- Custody and account management: custody account management, cash account management, standing orders and direct debits are all priced at zero.
- Currency conversion: published as absolute margins per unit of the quoted currency rather than as percentages, and scoped to income converted into EUR. Covered below.
- Transferring out: outgoing portfolio transfers carry no Trade Republic charge. The price list’s footnote reserves the right to add third-party costs, expressly including on securities transfers.
- Admin charges that do exist: €25.00 per postal order instruction, €25.00 per additional custody or balance confirmation, €10.00 per AGM registration for bearer shares, €10.00 per voluntary instruction on warrants or certificates, €5.00 per specific client instruction by email, €2.00 per domestic registered-share entry.
- Crypto: custody, transfers and staking are free of Trade Republic charges, with network fees on transfers. The €1.00 settlement flat rate applies to ordinary crypto trades, and a spread applies on top that Trade Republic does not quantify in its price list. Crypto is offered in 11 of its 18 countries.
- Inactivity: no inactivity line appears in the price list at all — not a zero, simply not there.
Source: Trade Republic’s Preis- und Leistungsverzeichnis (v11.2025; the current full list is in the app only), Entgeltinformation for the current account (1 January 2025), German customer agreement (version 07.08, July 2026), execution policy (07/2026) and help centre. Verified September 2026.
Verify on Trade Republic →A EUR account buying an instrument priced in EUR, so no conversion arises at either broker. This is the case where the two look almost identical.
- Trading.com: no commission and no execution or handling line, so €0 in explicit Trading.com charges per order and €0 across twelve months.
- Trade Republic, as a savings plan: free per execution, so €0 across twelve months. The €300 also sits inside the €10 to €10,000 band the price list sets for investment volume per execution.
- Trade Republic, as twelve ordinary orders: €1.00 settlement flat rate each time, so €12.00 a year. Running the same purchase as a plan rather than as an order is the difference.
Currency conversion is where these two separate
Currency fluctuations affect your returns on their own; the conversion charge is a separate cost layered on top of that exposure.
0.25% on currency conversion in the Investment Account, charged when you buy and again when you sell a share priced in a currency other than your account currency. Trading.com confirmed the rate in writing in September 2026; it does not appear in any of its published documents, which confirm that a mark-up exists and that the cost is disclosed per order without stating what it is.
- One currency per account, chosen from EUR, USD, GBP, HUF, PLN and CHF; a second currency cannot be held alongside it.
- Dividends are exempt and convert at the live interbank rate. Most brokers apply their standard conversion charge to dividend income, so this is a real point of difference.
- Withdrawing in a currency other than your account currency triggers the same conversion terms, and the currency risk on deposits and withdrawals sits with you.
The published margins are absolute amounts in the quoted currency, not percentages — USD 0.0014, GBP 0.0011, CHF 0.0014, AUD 0.0018, SEK 0.0114, JPY 0.1536. Interbank bid and ask rates are set several times per banking day; the margin is added on debits and subtracted on credits, and the rate applied is disclosed on the settlement statement.
- The margin table is scoped to income converted into EUR — foreign dividends and proceeds from corporate actions.
- On the purchase of a non-EUR asset, where Trade Republic executes as counterparty, its execution policy counts currency conversion as part of the price. There is no separate line and no published size.
- The conversion timestamp differs from the timestamp of the securities transaction itself.
- On the spending side, currency translation on card payments and on foreign ATM withdrawals is priced at €0.
- Trading.com: €2.50 on the way in and €2.50 on the way out, so €5.00 on a €1,000 round trip — 0.50% — and no commission on either leg. That is the whole of the explicit cost, and the arithmetic is simply 0.25% applied twice.
- Trade Republic: €1.00 settlement flat rate on each leg, so €2.00, plus a conversion cost on the purchase that its execution policy embeds in the price, with no separate line and no published size. That part cannot be added up here.
Interest on money you have not invested yet
Both brokers pay something on idle cash, both put at least part of it in money market funds, and at both it has to be switched on.
- Opt-in. Cash does not earn by default; you opt in or out by email at any time, eligibility starts the day after opting in, and there is no interest for the day you opt out.
- Rates advertised on 10 September 2026: EUR 2.00%, USD 3.45%, GBP 3.50%, CHF 0.10%, HUF 2.50%, PLN 2.00%. All variable — Trading.com may change them immediately, with at least one day’s notice on a cut and none on an increase.
- The advertised rate differs by currency; within a currency there are no tiers, no caps and no maximum by balance size.
- Accrued on end-of-day uninvested cash and credited daily after midnight. Sub-cent amounts roll forward until a cent accumulates.
- The cash is held in a qualifying money market fund, and Trading.com passes on part of what it receives and states that it retains the rest.
- Interest has to be activated in the app. It is not automatic.
- No rate appears in the price list, the fee information sheet or the customer agreement — the rate is shown in the app after activation. Trade Republic’s German site advertised 2.5% p.a. on 24 September 2026, a dated snapshot of one country’s marketing page rather than a contractual rate.
- Trade Republic’s Portuguese-version customer agreement adds a top-up Program that it is entitled but not obliged to grant, with eligibility criteria set in the app — the examples given are minimum monthly deposits and salary payments — and that it may end at any time on two weeks’ notice. The German agreement contains no such clause.
- Balances blocked by open unexecuted securities transactions or by pending card settlement earn nothing.
- Client funds sit in omnibus trust accounts, pooled with other clients’ money. Anything above a “Partner Amount” that Trade Republic sets per client in the app is invested in qualifying money market funds in its own name for your account; under the German agreement it may adjust that amount monthly, based on capacity in the refinancing market for trust banks. Every withdrawal triggers a corresponding fund sale.
How contributions get placed
This is the clearest structural difference between the two accounts, and it is not really about price.
- Trade Republic savings plans cover ETFs, shares, ELTIFs and crypto-assets, with crypto offered in 11 of its 18 countries, execute free of charge, and take an investment volume between €10 and €10,000 per execution. The €1.00 settlement flat rate does not touch them.
- The average-price mechanic. Where the same instrument is bought for several customers on one execution date across multiple partial fills at varying prices, Trade Republic determines a single average price and settles every customer at it. You are not getting a market price at a point in time; you are getting the pooled average for that instrument that day. It is disclosed in the customer agreement.
- Rounding. Rounding to the fourth decimal place can make the executed instalment smaller than the amount you specified.
- Failure handling. A plan is terminated after nine months of failed execution caused by insufficient funds, and may also be cancelled after five consecutive failed executions. Whatever has already been accumulated stays intact.
- Trading.com’s order set. The Order Execution Policy sets out Market, Limit and Stop orders on the Investment Account, and a scheduled or recurring purchase is not among them. Stop-loss and take-profit attachments are not available on share orders.
Trading.com displays the calculated cost of an order before you submit it, which is a different kind of convenience from automating the order in the first place.
Who is on the other side of your order
Both brokers disclose that they may end up on the other side of your trade. They disclose it in different documents and with different consequences.
- It may act as agent, routing your order to a nominated third-party broker for execution at an available venue — or as principal, filling your order from its own inventory, matched against the best available bid and ask on the reference exchange at the time.
- You are told which execution venue was used after the order is executed, not before.
- Share dealing orders may be executed outside a regulated market or MTF. Agreeing to the terms constitutes your prior express consent to this, and Trading.com’s own policy states that it introduces greater counterparty and settlement risk compared with trading on an exchange.
- Platform prices come from third-party reference sources and are an indication of the live market price rather than a fixed quotation.
- Clause 14.2 of the policy gives an indicative list, subject to change at any time, of the execution venues on which Trading.com places significant reliance: CMC Markets UK Plc.
- Payment for order flow is not addressed in its published pricing or execution documents in either direction.
- Prices displayed in the app are indicative only — the buy and sell prices or quotes of the execution venue. Neither Trade Republic nor the venue guarantees execution at the displayed price.
- Trade Republic may execute client orders for its own account, in whole or in part.
- Venue selection is based primarily on total consideration, then on market model, liquidity, speed, likelihood of execution, technical infrastructure, regulation and settlement security. It also weighs a trading partner’s exchange, MTF and liquidity-pool access, or its capacity as a systematic internaliser. Where a venue is unavailable, orders may be rerouted.
- Inducements. The customer agreement allows Trade Republic to receive payments from third parties for executing orders, and — deviating expressly from the default position in German agency law — states that the client has no claim to have those payments passed on and agrees that Trade Republic may collect and keep them. They are disclosed to the client annually.
Who you contract with, and what is covered if it fails
An investment firm and a bank are not the same counterparty, and the schemes behind them are not the same schemes.
- A Cypriot investment firm, CySEC licence 256/14, registration number HE 328593, registered at 5 Eirinis Street, 3042 Limassol, Cyprus. It entered the European market in 2024 and opened the Investment Account to EEA clients in December 2025.
- Cover comes from the Cyprus Investor Compensation Fund, up to €20,000 or as may be updated from time to time. That is investor compensation for firm failure, not deposit insurance, and it is not the €100,000 figure people associate with a bank.
- Client money is segregated from company money and held at a reputable bank, but may be pooled with other clients’ money in an omnibus account, and may be held outside the EEA, where different insolvency rules apply.
- Trading.com acts as custodian or appoints sub-custodians, and confirmed in September 2026 that it does not publicly disclose their names. That is a stated policy position rather than an omission — and it is a fair point of comparison against brokers that do name theirs.
- Negative balance protection is offered. Client money left untouched for six years may be paid to charity and stops being client money, with Trading.com stating it will attempt contact first and will repay on a later request.
- A CRR credit institution supervised by BaFin, registered at Brunnenstr. 19-21, 10119 Berlin, in the commercial register of the Local Court of Charlottenburg under HRB 244347 B. One legal entity serves every market it operates in.
- Client cash on the trust accounts is protected by the deposit guarantee of the respective trust bank. Trade Republic’s help centre names the partner banks as Citibank Europe, Crédit Agricole CIB, Deutsche Bank, HSBC Continental Europe, J.P. Morgan, Natixis CIB and SEB AB. Each depositor information sheet caps cover at €100,000 per depositor per credit institution, so your own deposits at the same bank count towards the same limit. Trade Republic itself is assigned to the Entschädigungseinrichtung deutscher Banken.
- Client funds sit in omnibus trust accounts, in principle split across two, pooled with other clients’ funds, and the customer agreement states they may be used for the account of other customers.
- Cash above the Partner Amount is not held as a deposit at all — it is invested in qualifying money market funds in Trade Republic’s own name for your account.
- The relationship is tied to one country. Moving country is grounds for termination without notice, expressly including a move to another country Trade Republic serves, and using the custody account jointly with others is also grounds for termination. Ordinary termination by Trade Republic takes at least two months’ notice.
Getting money in, out and around
- No Trading.com deposit or withdrawal fee. On bank wires it covers the bank fee on its own side only, so correspondent and receiving-bank charges sit with you — which is why this is not written here as free withdrawals.
- Funding by current account, debit card or credit card, with the available methods varying by country. No cash and no cheques. Deposits are credited on best efforts within one business day of acceptance.
- Withdrawals go back to the source account by default; an alternative account in your own name may be permitted after verification. Valid and complete requests are processed by the end of the following business day.
- Withdrawing in a currency other than your account currency triggers the same 0.25% conversion terms.
- Payment processing runs through Nuvei Limited and Payabl. CY Limited, both regulated by the Central Bank of Cyprus, with Barclays named as the banking partner.
- US shares require a W-8BEN. Without one, dividends are withheld at 30%.
- Bank transfers in and out are free, as are standing orders, direct debits and the processing of a transfer recall.
- Instant deposits by credit card, debit card, Apple Pay or Google Pay: the first one is free and every subsequent one costs 1% of the amount paid in.
- The debit card is free as a virtual card; a physical Classic card is a €5.00 one-off and a Mirror card €50.00, with dispatch free.
- ATM withdrawals cost €1.00 under €100 and €0 from €100 upwards, including at foreign ATMs in a foreign currency. Currency translation on ATM withdrawals and on card payments is priced at €0.
- The annual tax certificate, described as statutory reporting, is free. Trade Republic’s Portuguese-version customer agreement adds that it may, with a service provider, provide local tax reporting free of charge — worded without obligation or liability and discontinuable at the end of a tax year on four weeks’ notice, so it is not a guaranteed feature. The German agreement contains no such clause.
Who each broker fits
- Want a cost structure with one number in it, and mostly buy instruments priced in your account currency so that number rarely applies.
- Hold foreign dividend payers, where converting income at the interbank rate with no charge is worth more than it looks.
- Want to run the account in a currency other than EUR — USD, GBP, CHF, PLN or HUF are all available as the base.
- Are comfortable placing each order yourself and with being told the execution venue afterwards.
- Want interest on idle cash without balance tiers, and accept that it sits in a money market fund you opt into.
- Invest the same amount every month and want it executed as a free savings plan rather than as a €1.00 order.
- Want a banking licence behind the account, and a card, ATM access and, in 11 of its 18 countries, crypto on the same platform.
- Expect to move providers at some point and would rather not pay per transfer request to leave.
- Spend in foreign currencies on the card, where translation is priced at €0.
- Can live with a currency conversion cost on purchases that is embedded in the price, with no separate line and no published size.
If your money goes into EUR-priced instruments on a fixed monthly schedule, Trade Republic’s savings plans are free and nothing in Trading.com’s published order types does the same job. If your money goes into foreign-currency assets and you want to know the total cost before you commit, Trading.com is the only one of the two whose round trip can be totalled from what is on the record.
See also: Trading.com vs Trading 212 · Scalable Capital vs Trade Republic · cheap FX brokers in Europe.
Check the current terms before you open an account
Fees, rates and country availability change, and some of the figures on this page are confirmed by the broker rather than published by it. Confirm the numbers on each broker’s own pricing pages, and check which entity covers your country of residence, before opening or funding an account. Investing involves risk of loss.
Go deeper
Frequently asked questions
Is Trading.com actually free to trade?
Commission on shares and ETFs in the Investment Account is zero, and Trading.com states that figure with its own qualification that other fees may apply. No separate execution or handling charge appears in its pricing documents, and there is no custody, safekeeping or management charge and no inactivity or dormant fee on the Investment Account.
The real cost of ownership is currency conversion: 0.25%, charged on the buy and on the sell of any share or ETF denominated in a currency other than your account currency, confirmed in writing by Trading.com in September 2026. The account holds one currency, chosen from EUR, USD, GBP, HUF, PLN and CHF; a second currency cannot be held alongside it. The bid-ask spread applies on every purchase at both brokers and neither publishes it. Investing in shares involves risk and you may lose all your invested capital.
Does Trade Republic charge commission?
No. The order commission line in Trade Republic’s price list is priced at zero. What you pay instead is a settlement cost flat rate of €1.00 per trade, and it is not a commission — the two are separately priced lines in the same document.
Two details matter. On partial fills it is charged once per trading day rather than once per fill. And it does not apply to savings plans at all, which execute free of charge. Third-party costs may be added on top under the price list’s own footnote.
Which one costs less for a monthly ETF purchase?
For a EUR-denominated UCITS ETF bought from a EUR account, where no conversion arises at either broker, the explicit cost is zero at Trading.com and zero at Trade Republic if you run it as a savings plan. If you place the same purchase at Trade Republic as an ordinary order instead of a savings plan, the €1.00 settlement flat rate applies to each one, so twelve monthly purchases come to €12.00 a year.
The gap opens up on foreign-currency assets rather than on EUR ones. The spread applies at both and is not published by either. This is not investment advice.
How do Trading.com and Trade Republic handle currency conversion?
Differently enough that they are hard to compare directly. Trading.com charges 0.25% on conversion in the Investment Account, on the buy and on the sell, so a round trip into a foreign-currency asset costs 0.50% in conversion. Dividends are the exception: they convert at the live interbank rate with no conversion charge.
Trade Republic publishes its margins as absolute amounts in the quoted currency rather than percentages — USD 0.0014, GBP 0.0011, CHF 0.0014 — added to the rate on debits and subtracted on credits. Those margins are scoped to income converted into EUR, meaning foreign dividends and corporate-action proceeds. On the purchase of a non-EUR asset, where Trade Republic executes as counterparty, its execution policy counts currency conversion as part of the price, with no separate line and no published size, so that cost cannot be priced from its published documents.
Which broker is better for recurring investing?
Trade Republic is the one built for it. Savings plans execute free of charge on ETFs, shares, ELTIFs and crypto-assets (crypto is offered in 11 of its 18 countries), with an investment volume between €10 and €10,000 per execution, and the €1.00 settlement flat rate does not apply to them.
Two mechanics are worth knowing before you rely on it: where one instrument is bought for several customers on the same execution date across multiple partial fills at varying prices, Trade Republic determines a single average price and settles every customer at it, so you get a pooled average rather than a price at a point in time; and rounding to the fourth decimal place can make the executed instalment smaller than the amount you specified. A plan is terminated after nine months of failed execution for insufficient funds, and may also be cancelled after five consecutive failed executions, with instruments already accumulated left intact.
Trading.com’s Order Execution Policy sets out Market, Limit and Stop orders for the Investment Account, and a scheduled or recurring purchase is not among them.
Is my money protected at each broker?
The two sit under different structures and neither is a deposit guarantee on your investments. Clients of Trading.com Markets EU Ltd fall under the Cyprus Investor Compensation Fund, covering up to €20,000 or as may be updated from time to time. That is investor compensation, not deposit insurance, and it is not the €100,000 figure people associate with a bank account.
Trade Republic Bank GmbH is a CRR credit institution supervised by BaFin. Client cash on its trust accounts is protected by the deposit guarantee of the respective trust bank, capped at €100,000 per depositor per credit institution, and Trade Republic itself is assigned to the Entschädigungseinrichtung deutscher Banken. At both brokers, cash sitting in a qualifying money market fund is a fund holding rather than a bank deposit, and compensation schemes address broker or bank failure, not investment losses.
Who actually executes your order at each broker?
Trading.com’s Order Execution Policy allows it to act as agent, routing the order to a nominated third-party broker for execution at an available venue, or to act as principal and fill the order from its own inventory, matched against the best available bid and ask on the reference exchange at the time. You are told the execution venue after the order is executed rather than before. Share dealing orders may be executed outside a regulated market or MTF, agreeing to the terms constitutes your prior express consent to that, and Trading.com’s own policy states this introduces greater counterparty and settlement risk compared with trading on an exchange. Its policy gives an indicative list, subject to change at any time, of the execution venues on which it places significant reliance: CMC Markets UK Plc.
At Trade Republic, prices shown in the app are indicative only, neither Trade Republic nor the venue guarantees execution at the displayed price, and Trade Republic may execute client orders for its own account. Venue selection is based primarily on total consideration, then on factors including market model, liquidity, speed and settlement security.
Can I open either account where I live?
Trading.com confirmed in September 2026 that clients in any country within the EEA are eligible for the Investment Account, that US residents are not accepted, and that joint accounts are not offered — one Investment Account per person, with a second treated as a breach.
Trade Republic serves 18 countries, and applicants must be permanent residents of one of them. Its customer agreement ties the client relationship to one country, and moving country is grounds for termination without notice — expressly including moving to another country Trade Republic serves. Using the custody account jointly with others is also grounds for termination.
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