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Issuer: Trade Republic Bank GmbH
/ Key word(s): Product Launch
Trade Republic Bank GmbH: WORLD SAVINGS DAY: TRADE REPUBLIC EXPANDS SAVINGS OFFERING SIGNIFICANTLY, BECOMING THE LARGEST EUROPEAN PROVIDER OF ETF AND STOCK SAVINGS PLANS
28.10.2022 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
| 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 just under 2,400 ETFs free of charge as a savings plan, in addition to 2,500 free stock savings plans
- Around 1,000 new ETFs from issuers such as Vanguard, Invesco and VanEck
- Trade Republic offers new exclusive products that allow customers to easily invest in trends like Big Tech or Sustainability
- All savings plans can now be started with only one euro and can be directly debited from the customer’s bank account
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Berlin, 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 1,000 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, Trade Republic is offering new exclusive investment products to allow for easy and inexpensive investment in topics such as Big Tech or Sustainability. All savings plans can now be started with only one euro and can be conveniently collected by direct debit from the customer's own bank account.
"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. Automatic direct debit from one’s bank account makes saving even easier. 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 just under 2,400 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.
In addition, new exclusive products allow customers to invest simply, securely and inexpensively in themes and megatrends such as Big Tech or Sustainability. "With thesen investment products, we are responding to one of our customer’s major wishes," adds Christian Hecker. "Many people want to invest their money in things they know from their own lives. With Trade Republic's investable "Trending Topics," we now enable customers to invest in big megatrends and build wealth that way."
All features will be rolled out to clients gradually in November. 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, derivatives and cryptocurrencies 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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Svenja Hoya
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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. |
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