WORLD SAVINGS DAY: TRADE REPUBLIC EXPANDS SAVINGS OFFERING SIGNIFICANTLY, BECOMING THE LARGEST EUROPEAN PROVIDER OF ETF AND STOCK SAVINGS PLANS
- Europe's largest savings platform now offers around 2.100 ETFs free of charge as a savings plan, in addition to 2,500 free stock savings plans
- Around 900 new ETFs from issuers such as Vanguard, Invesco and VanEck
- All savings plans can now be started with only one Euro enabling broader diversification and access to all assets
Luxembourg, October 28th, 2022. Just in time for World Savings Day, Trade Republic, Europe's largest savings platform, is significantly expanding its savings offering for customers: With the addition of around 900 new ETFs, Trade Republic now offers Europe's largest selection of free ETF and stock savings plans. Vanguard, Invesco, VanEck and other well-known ETF issuers are now available on the platform. In addition, all savings plans can now be started with only one Euro enabling broader diversification and access to all assets
"Trade Republic is the home for savers across Europe. More than half of our customers sign up for their very first savings plan with us," says Christian Hecker, co-founder of Trade Republic. "With the new ETFs, any European can start saving for free at any budget. After the launch of fractional shares, this is another step further in the democratization of wealth accumulation.”
In order to expand its ETF offering, Trade Republic has added new issuers such as Vanguard, Invesco and VanEck to its portfolio. As of today, customers can invest in 2,100 ETFs, plus 2,500 stock savings plans. All savings plans are permanently free of charge and can be initiated with as little as one Euro as the minimum order amount.
“By regularly investing the same amount of money, stock market investors reduce the impact of volatility and reduce risk, without constantly having to try to identify the best time to enter or exit the market. This may seem counterintuitive, but it is a winning strategy for long-term investors as it is one of the best ways to enjoy the long-term growth of the financial markets,” says Matthias Baccino, Country Manager of Trade Republic in Luxembourg
With these updates, Trade Republic significantly expands its savings offering and confirms its unique positioning as the largest European savings platform. In addition to ETF and stock savings plans, the company also offers trading in full and fractional shares, ETFs and derivatives through a single, easy-to-use product with the reliability of a regulated financial institution. Today, Trade Republic already reaches 340 million people in 17 European markets.
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ABOUT TRADE REPUBLIC
Trade Republic is on a mission to set millions of Europeans up for wealth creation with secure, easy and commission-free access to capital markets. With over one million customers, Trade Republic is already the home screen app for many Europeans to manage their wealth. It offers investing in savings plans, full and fractional stocks and ETFs as well as crypto and derivatives. Trade Republic is a technology company supervised by Bundesbank and BaFin. As Europe’s largest savings platform, Trade Republic has received investments by Accel, Creandum, Founders Fund, Ontario Teachers‘, Project A, Sequoia, TCV and Thrive Capital. The company based in Berlin was founded in 2015 by Christian Hecker, Thomas Pischke, and Marco Cancellieri.