Trade Republic is a bank that comes from Germany and is well known throughout the Rhine. Like all German banks, it is supervised by the Federal Financial Supervision Authority. But Trade Republic is also, by definition, approved by the European Central Bank. Therefore, any adult living in France can open a current account for free going to the official website, after having scanned the QR code to download the mobile application. It only remains to end the opening of the account. Today, Trade Republic represents 8 million customers in 17 European countries, which represents 100 billion euros in assets. What is the reason for such fashion?
Trade Republic is the nightmare of online competition banks
The first of these reasons is to Trade Republic, unlike the vast majority of banks, donate the interests generated by the work of their liquidity. Today, this percentage amounts to 2 % gross and interest is paid monthly.
The Republic of Trade Bank online had the brilliant idea of establishing a system of action fractions. This allows all its customers to invest in shares, ETF or even in cryptocurrencies of 1 symbolic euro. This operation is carried out through the mobile application.
Another very popular advice, after card payment, has the possibility of rounding the upper euro. Again, you can invest the few cents of difference. Therefore, it is not necessary to have large funds.
Take advantage of the many advantages offered by Trade Republic opening a checking account with the online bank.
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Source: BFM TV
