Trade Republic has launched its low-cost ETF, stock, crypto and derivative trading services to 11 new markets in Europe.
Effective 18 October, the German online broker is available to users in Belgium, Estonia, Finland, Greece, Ireland, Latvia, Lithuania, Luxembourg, Portugal, Slovakia and Slovenia.
The expansion takes Trade Republic’s European coverage to 17 countries, with the broker already operating in Germany, France, Italy, Spain, the Netherlands and Austria.
The firm’s app and desktop service offer free ETF and stock-based savings plans as well as €1 trading on individual assets.
Christian Hecker, co-founder of Trade Republic, commented: “Inflation across the eurozone has risen sharply – this should be a wake-up call for all Europeans.
“All Europeans need to have access to capital markets to start fuelling long-term investing, participate in economic growth and ultimately save-up for retirement.”
Two weeks ago the broker also introduced fractional investing on ETFs, allowing investors to buy increments of a product with an identical spread and pricing model versus a full share, meaning they can allocate smaller pools of assets more precisely.
Other online savings platforms offering ETFs have also been undeterred by market volatility, with Scalable Capital recently hitting €10bn assets under management (AUM) after expanding into Italy.