Today we are going to talk about the opening a brokerage account with Trade Republic to start investing in Germany. There are many online brokerages in Germany, Trade Republic is one of them. So who can open an account with Trade Republic?
Join Trade Republic : This is an affiliate link, if you use this link to register you will receive 15 € after your first trade.
The requirements are
- ID document ( Passport or ID Card)
- Minimum 18 years age
- German Resident
- Taxed in Germany
- German mobile number
- SEPA bank account
- Address verification document ( like a phone or internet bill)
There are some limitations on who can verify their account with WEBID, as this service is used by Trade Republic to verify accounts being opened with them. Document requirement for WEBID
There are fees associated with buying or selling stocks and ETFs, with trade republic each transaction costs 1 euro, you can see a detailed breakdown on their website.
*None of this is meant to be considered as investment advice, as I am not a financial expert and am only sharing my experience with stock investing. The video and article are accurate as of the posting date but may not be accurate in the future.