Trade Republic combines qualitative banking services and innovative investment solutions, in a recurrent rate formula. The platform offers a free dematerialized card (or a standard physical card at 5 euros, in unique payment) and withdrawals without charge in automatic counters for amounts exceeding 100 euros. Yes, you read it well: 0 euros of monthly subscription to benefit from all these advantages! But that’s not all, far from that. This financial platform revolutionizes the French banking sector by offering a current account paid to 2.25 %without limitation of quantity; as well as a 1 % refund in your card purchases.
A reliable, profitable and safe financial institution, controlled by European regulators
This revolutionary business model is based on a solid financial structure, which manages more than 100 billion euros in assets for 8 million customers in 17 European countries. The legitimacy of the Commercial Republic is validated by the authorizations of the European Central Bank and for monitoring of the ACPR and the AMF in France.
Trade Republic’s philosophy revolves around the simplification of investment, accessible from 1 euro, with scheduled investment plans and the possibility of opening a PEA of up to 150,000 euros, without income taxes. The rounding functionality of payments even allows you to invest automatically depending on your daily expenses.
For regular investors, commissions are reduced to 1 euro per point operation (excluding automated investments, which remain free), to which external costs and course differences are added. The platform provides access to actions, ETF, cryptocurrencies and even derived products thanks to collaborations with renowned financial institutions such as HSBC and Société Générale.
Finally, the admission criteria are simple: being age, living in France with a French tax obligation, having a smartphone and having a bank account. This innovative approach convinces for its clarity and its transparency of costs.
This content was made by an expert from the BFMTV purchase team. The purchasing team is independent of BFMTV.com editorial staff. The indicated prices occur as an indication and they are likely to evolve. BFMTV is likely to receive remuneration when one of our readers proceeds to a purchase through the links integrated in this article.
Source: BFM TV
