14 You can register with Trade Republic either online on the homepage or directly in the mobile app. After video identification, your securities account will be activated. Now transfer the amount you want to invest to your bank account stored there. Once your money has arrived, you can get involved on the trading floor. Trade Republic offers trading hours between 7:30 a.m. and 11:00 p.m. Use the search function in your app to find the stock you want and click on it. You will see the current price of the stock at the broker Lang & Schwarz Exchange. In the next step, click on the “Buy” button. On the following page, first select the number of securities you want to purchase. You will see the current market price (price) and the possible investment amount. If you want to buy the stock at this price, click on the right arrow and you will see an overview of the planned securities transaction. Clicking on the cost information will tell you that this stock trade will cost you €1 in fees. If the current market price seems too high to you or you expect the price to fall, you can click on the blue “Market price” field. On the following page, you will then also see the “Limit purchase price” category. There you can set the price per share at which you are willing to buy the security. You can also decide whether this order should be valid for the current day only or for a whole year. The order will therefore only be executed when the price you have specified is reached. By clicking on the arrow, you can also get an overview of your potential transaction. You can now complete your transaction simply by clicking on “Buy now – subject to charge.”
You can buy shares with the online broker Trade Republic. The securities account is free of charge and you pay a fee of €1 per transaction. We explain exactly how buying shares with Trade Republic works.
How to buy shares with Trade Republic
Trade Republic is a licensed online broker founded in 2015 by Christian Hecker, Thomas Rischke, and Marco Cancellieri. The company received its license as a securities trading bank from the German Federal Financial Supervisory Authority (BaFin) in 2019. Trade Republic is designed to enable you to trade securities easily, anytime and anywhere. All you need is a smartphone, the corresponding app, and a securities account.
Further information about Trade Republic
- The company is financed by commissions from its trading partner on the stock exchange and by a flat transaction fee of €1.
- Securities can only be traded via smartphone or tablet. You will not find online trading on the online broker’s website. This strategy is due to cost management.
- The low transaction costs are intended to enable beginners to start trading stocks with small amounts. Especially in times of low interest rates, more and more people are looking for opportunities to invest their money profitably.
- After its launch in 2019, when only German customers had access to the platform, Austrians have also been able to trade securities on Trade Republic since January 2020.
- Since November 2019, customers have been able to purchase ETFs through savings plans. This transaction is free of charge. Only the annual management costs of the fund are incurred. Since September 2020, savings plans for stocks can be set up free of charge.
previous post