![]() In June 2022 Trade Republic raised another 250 million In May 2021, another financing round of $900 million was announced at a valuation of $5 billion. Over 4,000 complaints were later filed at Federal Financial Supervisory Authority over this decision. The broker cited the "extreme situation in the market" and investor protection as reasons for the decision. Eighty percent of users would have set up an equity or ETF savings plan.Īs part of GameStop's 2021 stock surge, Trade Republic imposed a stop-buy on select stocks, including GameStop's stock, on the afternoon of January 28, 2021. By the end of 2020, the company reportedly had 600,000 customers with four billion euros in assets under management. Users were "on average in their mid-30s" and "male." Trade Republic began offering its services in Austria in November 2020, as well as in France and Spain in 2021. ![]() More than one-third of customers had "never bought a stock or invested in an ETF before," according to Trade Republic. As of April 2020, Trade Republic had 150,000 users. Securities trading via app was offered in Germany for a closed user group starting in February 2019 and without user restrictions starting in May 2019. In 20, venture capitalists Creandum, Project A Ventures, Accel Partners and Founders Fund invested over 60 million euros in Trade Republic Sino sold shares and was henceforth no longer the majority owner. In 2017, Düsseldorf-based Sino AG invested in the startup and acquired the majority of the company's shares. ![]() The company's founders are philosopher Christian Hecker, physicist Thomas Pischke and computer scientist Marco Cancellieri. Trade Republic was founded in Munich in 2015 under the name Neon Trading in the startup incubator of Comdirect Bank. Shares, derivatives and cryptocurrencies can be traded on a mobile app. Trade Republic Bank GmbH is a German online broker in Berlin.
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