Trade Republic lands full banking licence from ECB

German online broker Trade Republic has secured a full banking licence from the European Central Bank to expand its investing and saving services

The German-based online broker Trade Republic has obtained a full banking licence from the European Central Bank (ECB), enabling it to expand its product offering in investing and savings. 

This includes expanded banking services such as deposit solutions and credit tools. 

The licence comes as the financial institution continues to accelerate its development process across Europe.

A new chapter for Trade Republic

Trade Republic’s new licence comes just before its fifth anniversary, opening up a “new chapter” for the online brokerage according to its Co-founder Christian Hecker

Hecker adds: “Most of our customers are still in the early stages of their financial journey. The full banking licence empowers us to support them over the next decades. 

“Together with our customers, we strive to grow further and build one of the leading financial institutions in Europe.”

Trade Republic has been on a fast track to growth since its founding almost five years ago. In 2023 alone it expanded its services to open bond trading for retail investors with a 4% interest rate on cash. 

“Our new products enabled us to significantly grab market share in Germany and internationally in 2023," says Hecker. "By obtaining a full banking licence, we are accelerating this journey. 

“The focus remains on the easy, fast and affordable accumulation of wealth for everyone.”

Following its receipt of the licence, Trade Republic will also be able to expand its corporate governance structures by forming an experienced audit committee. 

The committee, pending approval, will be composed of Dr. August Oetker KG CFO Ute Gerbaulet, Santander Regional Head of North America Christiana Riley and Trade Republic MD and Börse Stuttgart CEO Andreas Willius

Trade Republic Managing Director Andreas Torner adds: “Receiving a full banking licence underlines Trade Republic’s quality for our customers. This is also reflected in our future corporate governance structure. We are very excited about the experienced audit committee too.”

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