Trade Republic Doubles to 8 Million Users and €100 Billion AUM, Opens Branches in France, Spain and Italy
Berlin-based investment platform Trade Republic announced on 8 January 2025 that it had doubled its customer base to 8 million users over the previous year, with assets under management exceeding €100 billion — cementing its position as Europe’s largest retail broker by customer count.
Key Milestones
- 8 million customers across 17 European countries (up from ~4 million in 2024)
- €100 billion AUM — a milestone reached in under six years since launch
- Achieved profitability in 2024, with the company describing the year as its first full profitable year
- One-third of customers now originate from international (non-German) markets
National Branch Expansion
Trade Republic simultaneously announced the opening of national branches in France, Spain, and Italy — its three largest markets outside Germany. The branches enable:
- Country-specific tax reporting (automated local tax statements, including French PEA tax optimisation)
- Local IBAN issuance — French customers received French IBANs for current accounts
- Country-specific regulatory compliance and customer service
French customers specifically gained access to a French IBAN current account offering 3% interest per year on cash balances, along with commission-free savings plan investing compatible with the tax-advantaged PEA (Plan d’Épargne en Actions) structure.
Context: The €1 Trade Model Under Pressure
Trade Republic’s rapid growth was built on its €1 flat-fee per trade model, funded partly by payment for order flow (PFOF) — a practice the EU is phasing out under MiFIR reforms in 2026. The company stated at its January 2025 announcement that it was adapting its business model ahead of the regulatory change.
→ Read our full Trade Republic review including the PFOF phase-out analysis