Trade Republic launches in Ireland to make equities more accessible

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From today, Irish people will have access to over 8,000 global stocks and other investments through the Trade Republic app.

German equity trading startup Trade Republic launches services in Ireland today (18 October).

This means Irish clients will be able to save their money investing in the stock market with the convenience of a low commission application.

Founded in Munich in 2015 and based in Berlin, Trade Republic is one of the largest savings platforms in Europe. Its mission is to help ordinary people with little knowledge of the stock market grow their wealth through investing.

The platform allows users to buy and sell stocks, exchange-traded funds (ETFs), and cryptos through a smartphone for a fee of just €1 per trade.

“With our easy-to-understand product, we want to encourage everyone to take advantage of opportunities in the financial markets,” said CEO and co-founder Christian Hecker.

“50% of our clients have never invested before and now see Trade Republic as a benchmark for savings plans and long-term equity growth.”

Irish clients will now have access to a total of over 8,000 Irish, European, Asian and US stocks, as well as 1,100 ETFs, with extended trading hours between 7.30am and 11pm. Other features include real-time data, price alerts, and options to automate investments.

The expansion into Ireland brings Trade Republic’s European presence to a total of 17 countries.

‘Awakening’

Citing rising inflation in the eurozone, Hecker said the current economic situation should be a “wake-up call” for all Europeans.

“All Europeans need access to capital markets to start fueling long-term investment, participating in economic growth and ultimately saving for retirement,” he said.

“We built Trade Republic to enable them to do just that and have now opened our doors to a total of seventeen markets, so Europeans everywhere can finally take control of their personal finances.”

Earlier this year, the online brokerage platform raised $1.1 billion in what was one of the largest fintech funding rounds in the world in the first half of 2022.

Anyone residing in Ireland who has access to a smartphone, a European phone number and a SEPA bank account can open an account with Trade Republic.

“With inflation nearing 9% in Ireland, there really is no alternative to investing,” said Hugo Suidgeest, Country Director for Trade Republic in Ireland.

“Anyone who leaves their money just sitting in their bank account will lose purchasing power year after year, and the state pension – even if you work until you’re 70 – probably won’t be enough to keep you going. your lifestyle.”

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