# Trade Republic

> Source: https://docs.barcoder.ai/docs/wallets/trade-republic
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Trade Republic — official](https://traderepublic.com/)

## Overview

**Trade Republic** is Europe's largest neobroker by users + **10M+ users in 18 European countries** + **€150B+ AUM** + **€12.5B valuation post-Dec 2025 secondary share sale** <sup>[1][1], [2][2], [Germany report](https://docs.barcoder.ai/docs/payments/DE)</sup>. **2025 baseline**: Trade Republic 10M+ users in 18 European countries + €150B+ AUM; **€12.5B valuation post-Dec 2025 €1.2B secondary share sale** distinctive European neobroker valuation milestone; **70% Trade Republic customers first-time investors** distinctive European retail investing democratization.

**Distinctive Trade Republic positioning**:
- **Europe's largest neobroker by users** (10M+ users in 18 European countries; €150B+ AUM)
- **€12.5B valuation post-Dec 2025 €1.2B secondary share sale** distinctive European neobroker valuation milestone
- **70% Trade Republic customers first-time investors** distinctive European retail investing democratization
- **Sep 2025 Trade Republic launches in Poland (first market outside eurozone; 18 countries total)** distinctive European geographic expansion
- **1/3 Trade Republic customers from markets outside Germany** distinctive European pan-European neobroker scale
- **2015 Trade Republic founding by Christian Hecker + Thomas Pischke + Marco Cancellieri in Berlin** distinctive German fintech heritage
- **Commission-free trading + savings accounts** distinctive European neobroker model

## History

**2015 — Trade Republic founded by Christian Hecker + Thomas Pischke + Marco Cancellieri in Berlin** as German neobroker.

**2019 — Trade Republic mobile app launches** as German commission-free trading neobroker.

**Oct 2022 — Trade Republic launches in 11 additional markets** taking coverage to 17 countries (Germany + France + Italy + Spain + Netherlands + Austria + Belgium + Ireland + Luxembourg + Portugal + Finland + Greece + Slovakia + Estonia + Lithuania + Latvia + Slovenia).

**2023 — Trade Republic obtains full German banking license from BaFin** distinctive European neobroker → banking license transition.

**Apr 2025 — Trade Republic 8M users + €100B AUM in 17 countries**.

**Sep 2025 — Trade Republic launches in Poland (first market outside eurozone; 18 countries total)** distinctive European geographic expansion <sup>[1][1]</sup>.

**Dec 2025 — Trade Republic €1.2B secondary share sale at €12.5B valuation** post-Founders Fund + Sequoia Capital + Accel + TCV + Thrive + Fidelity + Wellington + GIC participation <sup>[2][2]</sup>.

**2025 — Trade Republic doubles customer base to 10M+ users + €150B+ AUM** <sup>[3][3]</sup>.

## Ownership & operator

**Operating entity**: **Trade Republic Bank GmbH** (BaFin-licensed German broker-bank; €12.5B valuation post-Dec 2025 secondary share sale).

**Major shareholders**: **Founders Fund + Sequoia Capital + Accel + TCV + Thrive + Fidelity + Wellington + GIC + Christian Hecker (co-founder + CEO) + Thomas Pischke (co-founder) + Marco Cancellieri (co-founder) + €12.5B valuation post-Dec 2025 €1.2B secondary share sale**.

**Regulators**: **BaFin (Federal Financial Supervisory Authority Germany) + Deutsche Bundesbank + ECB**.

## Technical integration

Trade Republic mobile app (iOS + Android; 10M+ users in 18 European countries; €150B+ AUM) + traderepublic.com online + Trade Republic Visa debit card; SEPA + SEPA Instant + EPC-QR; **Commission-free trading + savings accounts + ETFs + stocks + bonds + crypto + derivatives + interest on cash** distinctive European neobroker model.

## Users & growth

**2025**: Trade Republic 10M+ users in 18 European countries + €150B+ AUM (doubled from 8M users + €100B AUM Apr 2025).

## Use cases

European retail + private + investing + commission-free trading + savings + ETFs + stocks + bonds + crypto + derivatives + interest on cash via Trade Republic mobile + traderepublic.com online + Visa debit card; SEPA + SEPA Instant + EPC-QR; **Commission-free trading + savings accounts + ETFs + stocks + bonds + crypto + derivatives + interest on cash** distinctive European neobroker model.

## Implementations & partners

**Operator**: Trade Republic Bank GmbH (BaFin-licensed German broker-bank; €12.5B valuation post-Dec 2025 secondary share sale); Founders Fund + Sequoia Capital + Accel + TCV + Thrive + Fidelity + Wellington + GIC + Christian Hecker (co-founder + CEO) + Thomas Pischke (co-founder) + Marco Cancellieri (co-founder) + €12.5B valuation post-Dec 2025 €1.2B secondary share sale.

**Major European neobroker + investment app competitors**: [Scalable Capital](https://docs.barcoder.ai/docs/wallets/scalable-capital) (German digital wealth manager + neobroker; Munich; €27B+ AUM 2024) + [eToro](https://docs.barcoder.ai/docs/wallets/etoro) (Israeli social trading + crypto investment; ETOR NASDAQ post-May 14 2025 IPO; 30M+ registered users in 75+ countries) + [Robinhood](https://docs.barcoder.ai/docs/wallets/robinhood) (US commission-free trading + crypto; NASDAQ: HOOD; 23.9M+ funded customers Q3 2025) + Freetrade (UK commission-free trading; IG Group ~£160M acquisition Apr 2025) + BUX Zero (Dutch commission-free trading; BlackRock + ABN AMRO investors) + [Lightyear](https://docs.barcoder.ai/docs/wallets/lightyear) (Estonian European investment app; ex-Wise founders) + Stake (Australian commission-free US trading + AU trading + crypto) + DEGIRO (Dutch FlatexDEGIRO; European discount broker; FlatexDEGIRO Bank AG full German banking license).

**Regulators**: BaFin + Deutsche Bundesbank + ECB.

## Fun facts

- **Europe's largest neobroker by users** (10M+ users in 18 European countries; €150B+ AUM).
- **€12.5B valuation post-Dec 2025 €1.2B secondary share sale** distinctive European neobroker valuation milestone.
- **70% Trade Republic customers first-time investors** distinctive European retail investing democratization.
- **Sep 2025 Trade Republic launches in Poland (first market outside eurozone; 18 countries total)** distinctive European geographic expansion.
- **1/3 Trade Republic customers from markets outside Germany** distinctive European pan-European neobroker scale.
- **2015 Trade Republic founding by Christian Hecker + Thomas Pischke + Marco Cancellieri in Berlin** distinctive German fintech heritage.
- **Commission-free trading + savings accounts** distinctive European neobroker model.

## Comparison

| Feature | Trade Republic | [Scalable Capital](https://docs.barcoder.ai/docs/wallets/scalable-capital) (German digital wealth manager + neobroker rival; Munich; €27B+ AUM 2024) | [eToro](https://docs.barcoder.ai/docs/wallets/etoro) (Israeli social trading + crypto investment rival; 30M+ registered users in 75+ countries) | [Robinhood](https://docs.barcoder.ai/docs/wallets/robinhood) (US commission-free trading + crypto rival; 23.9M+ funded customers Q3 2025) | DEGIRO (Dutch FlatexDEGIRO rival; European discount broker) |
|---|---|---|---|---|---|
| Operator | **Trade Republic Bank GmbH (BaFin-licensed German broker-bank; €12.5B valuation post-Dec 2025 secondary share sale)** | Scalable Capital GmbH (BaFin-licensed German digital wealth manager + neobroker) | eToro Group Ltd. (NASDAQ: ETOR post-May 14 2025 IPO) | Robinhood Markets Inc. (NASDAQ: HOOD) | FlatexDEGIRO AG (FRA: FTK; FlatexDEGIRO Bank AG full German banking license) |
| Type | **Europe's largest neobroker by users + 10M+ users in 18 European countries + €150B+ AUM + €12.5B valuation post-Dec 2025 €1.2B secondary share sale + 70% first-time investors + Sep 2025 Poland (first market outside eurozone) launch + commission-free trading + savings accounts** | German digital wealth manager + neobroker + Munich + €27B+ AUM 2024 + BlackRock + Tencent investors | Israeli social trading + crypto investment + 30M+ registered users in 75+ countries + ETOR NASDAQ post-May 14 2025 IPO | US commission-free trading + crypto + 23.9M+ funded customers Q3 2025 + Robinhood Gold | Dutch FlatexDEGIRO + European discount broker + FlatexDEGIRO Bank AG full German banking license |
| Country | DE + FR + IT + ES + NL + AT + BE + IE + LU + PT + FI + GR + SK + EE + LT + LV + SI + PL (18 countries) | DE + AT + FR + IT + ES + NL + others | 75+ countries | US + UK + EU (limited) + AU + others | DE + NL + ES + FR + IT + others |
| Distinctive | **2015 Trade Republic founding by Christian Hecker + Thomas Pischke + Marco Cancellieri in Berlin; 2019 Trade Republic mobile app launch; Oct 2022 11 additional markets launch (17 countries total); 2023 full German banking license from BaFin; Sep 2025 Poland launch (first market outside eurozone; 18 countries total); Dec 2025 €1.2B secondary share sale at €12.5B valuation** | 2014 Scalable Capital founding in Munich; 2019 BaFin license + neobroker pivot from digital wealth manager; BlackRock + Tencent investors | 2007 eToro founding in Tel Aviv; May 14 2025 NASDAQ ETOR IPO; CopyTrader social trading distinctive | 2013 Robinhood founding in Menlo Park; Jul 29 2021 NASDAQ HOOD IPO; commission-free trading pioneer | 2008 DEGIRO founding in Amsterdam; 2020 FlatexDEGIRO merger |

## Status

**Active, Europe's largest neobroker by users + 10M+ users in 18 European countries + €150B+ AUM + €12.5B valuation post-Dec 2025 secondary share sale** <sup>[1][1], [2][2], [3][3]</sup>:
- **Trade Republic Bank GmbH (BaFin-licensed German broker-bank; €12.5B valuation post-Dec 2025 secondary share sale)** since 2015 Trade Republic founding by Christian Hecker + Thomas Pischke + Marco Cancellieri in Berlin + 2019 Trade Republic mobile app launch + Oct 2022 11 additional markets launch (17 countries total) + 2023 full German banking license from BaFin + Sep 2025 Poland launch (first market outside eurozone; 18 countries total) + Dec 2025 €1.2B secondary share sale at €12.5B valuation.
- **Trade Republic 10M+ users in 18 European countries + €150B+ AUM**.
- **70% Trade Republic customers first-time investors**.
- **BaFin + Deutsche Bundesbank + ECB regulated**.

## Sources

[1]: https://assets.traderepublic.com/assets/files/250130_TradeRepublic_PressRelease_BranchLaunch-Italy_INT_EN.pdf "Trade Republic Press Release Branch Launch Italy — Trade Republic"
[2]: https://www.crowdfundinsider.com/2025/12/256753-berlin-based-fintech-trade-republic-reports-e12-5b-valuation-after-secondary-share-sale/ "Berlin Based Fintech Trade Republic Reports €12.5B Valuation After Secondary Share Sale — Crowdfund Insider"
[3]: https://www.finextra.com/pressarticle/103791/trade-republic-doubles-customer-base-to-eight-million "Trade Republic doubles customer base to eight million — Finextra"
[de-cro]: https://docs.barcoder.ai/docs/payments/DE

- [1] [Trade Republic Press Release Branch Launch Italy — Trade Republic][1]
- [2] [Berlin Based Fintech Trade Republic Reports €12.5B Valuation After Secondary Share Sale — Crowdfund Insider][2]
- [3] [Trade Republic doubles customer base to eight million — Finextra][3]
- <sup>[Germany report](https://docs.barcoder.ai/docs/payments/DE)</sup> In-corpus: `reports/countries/DE-germany.md`

## Source

Biography extracted from [trade-republic.md](https://docs.barcoder.ai/source/wallets/trade-republic). See `matrix.md` for standards-support matrix if present.