bookmark_borderTrade Republic Test – Experience with the Broker App 2020

[vc_row][vc_column][dt_fancy_title title=”My experiences with Trade Republic in test” title_size=”h2″ title_color=”title”][vc_column_text]Buying shares is fun, collecting dividends is even more fun, who does not know that? One always pays attention to the dividend yield, the higher, the more shining the eyes. But a single word can destroy everything. Fees. Trade Republic is supposed to eliminate the problem. How and if it works, I am testing now. Here I share my experience with the App Broker Trade Republic with you.[/vc_column_text][vc_single_image image=”59679″ img_size=”full” style=”vc_box_shadow_3d”][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]

My test on Trade Republic and my experience

Before we get started, a few personal words. When I came across the app, I wanted to read experiences and tests myself, what I found was not very helpful in my eyes, or you could read it officially. It seemed to me that the authors of the pages describing the tests and experiences had not tested this broker and the app themselves. In other words: it looks like advertising with a pro and contra list. Paid or not, but where are the pictures? Where a settlement? I missed all this, so as always a test of mine in my own way.[/vc_column_text][vc_column_text]

Initial situation and comparison with comdirect

My current account is through comdirect. There are no guide fees if you make a few purchases per quarter. This is usually done immediately with an ETF savings plan.

There are then more fees for single value purchases. Here the differences to other banks or direct banks will probably be marginal, if there are no special features like OnVista with the Free Buys. So I calculate the example for myself and comdirect and then compare it with Trade Republic. [/vc_column_text][dt_vc_list]

Fees comdirect

  • Basic fee: 4,90€
  • Order commission:0.25% of order volume
  • Min. Entrance fee: 9,90€
  • Max. Entrance fee: 59,90€

[/dt_vc_list][vc_column_text]Anyone who makes purchases/sales more than 125 times in the previous quarter will receive another discount here. Let us note: If you only want to buy one share, for example Royal Dutch Shell for just under €10, you will pay €19.90 because the dividend yield is just under 16%. So for this price you can buy almost two shares of Royal Dutch Shell. This hurts and shows quite well that small purchases are not possible or only under expensive conditions.

The question is, why should you buy only one share? Well, in my opinion, it’s not so far-fetched. Perhaps because the economic situation is uncertain, as it is at present, people only want to make small purchases. Press the price every few days and don’t wait until the paycheck comes in. By then it may already be too late and the low prices may be gone.[/vc_column_text][vc_separator color=”orange”][dt_fancy_title title=”Trade Republic fees” title_size=”h2″ title_color=”title” separator_style=”dashed”][dt_vc_list]

  • Order commission: 0€
  • Flat rate for external costs: 1€ (here, if necessary, external expenses are added, how much is unfortunately not there, this is not so good)
  • Custody account management: 0€ always also without purchases/sales

[/dt_vc_list][vc_column_text]More fees are not indicated for a purchase. Let us note: The purchase costs only 1€ in fees. Back to Royal Dutch Shell, when we buy a share, it costs us a total of 11€. My dear boy, I am thrilled. I will test this broker and write down my experience here.[/vc_column_text][vc_column_text][/vc_column_text][vc_column_text]

Are there any other fees at Trade Republic?

Of course there are still fees and they are not exactly cheap. If you are very classical and old school, you will get a lot of money here, but if you live modern and own everything digital, you will have no problems here. I link to the complete list of fees here.[/vc_column_text][vc_column_text]

What is and how does Trade Republic work?

Trade Republic is an online broker. In the meantime, however, a new platform has emerged from the online brokers, because until now online brokers simply required a PC/laptop and Internet. At Trade Republic there is a further development. Here the solution does not work with PC and laptop. Application or in short App is the new wonder. So without a smartphone nothing will work here.

Very modern and pleasant, especially for someone like me who lives very digitally. Disadvantage of the thing: Without a mobile phone you are stuck. Without the Internet, everything is lost, you can no longer react. At least not in a free way, written/telephone intervention is possible, but at very high fees. Digitalisation sends its regards here.

The Trade Republic app is available for iOS and Android and is of course free.[/vc_column_text][vc_column_text]

How does the registration with Trade Republic work?

Registration via app is easy and requires the usual KYC (know your customer) requirements. This means that the broker wants to know who he is dealing with in order to be able to react immediately in case of possible theft/crime or other criminal activities. Nothing new, nothing exciting.

Finally you come to the identification, that means you need a mobile phone (optionally also possible via PC/laptop, as a third party is used here) good light and the identity card. As usual this is done by video identification, a staff member asks if you are really you (you have to show that you are real and not a played video) and that you know what you are doing and it is over, a matter of 3 minutes.

At corona times the process unfortunately takes about 18 minutes. Annoying, but understandable. After that you have to wait until you are unlocked by Trade Republic. At the moment, this step also takes a long time, possibly due to the corona crisis.[/vc_column_text][dt_media_gallery_carousel image_border_radius=”0px” image_decoration=”shadow” shadow_color=”rgba(0,0,0,0.25)” image_hover_bg_color=”solid_rollover_bg” project_icon_color=”#ffffff” project_icon_border_width=”0px” arrow_bg_width=”36x” arrow_border_width=”0px” r_arrow_icon_paddings=”0px 0px 0px 0px” r_arrow_v_offset=”0px” l_arrow_icon_paddings=”0px 0px 0px 0px” l_arrow_v_offset=”0px” include=”59599,59626,59635″][vc_column_text]

Trade Republic Login

The login is done by a pin or by fingerprint/face recognition. It is quick and uncomplicated. The first screen welcomes you with the request to transfer money from the specified account to the Trade Republic account (which takes up to two days, which is really too long if you want to make spontaneous purchases like me). Once a sum has been transferred, nothing can stand in the way of the purchase.[/vc_column_text][dt_fancy_image image_id=”59635″ width=”250″ image_decoration=”shadow” shadow_color=”rgba(0,0,0,0.6)” image_scale_animation_on_hover=”quick_scale”][vc_column_text]

What can I buy at Trade Republic?

The worst thing about a broker is that you cannot buy your favorite stocks or ETFs because they are not listed. First, the securities are bought and sold on the electronic trading system LS Exchange operated by the Hamburg Stock Exchange. This platform also uses comdirect and S-Broker. The spreads and realtime prices are retrieved from XETRA. The times are limited to Mo-Fr 7:30 to 23:00.

But what can I buy? According to Trade Republic, you can find more than 6,000 shares, almost everything from Germany and a wide range of international companies. Even my hydrogen darling Nel ASA is here.

The ETF is limited to 600 contracts.

Crypto currencies cannot be bought or traded at Trade Republic. The portfolio of shares and ETFs will continue to be expanded. Accordingly, one cannot now rule out the possibility that the crypto-currencies will come at some point.

Derivatives can also be traded, but I will leave that out of this test.

In my opinion, the offer is perfectly adequate, considering that the app and the company are fresh and everything is still in development. In a few years, the range of products will certainly be bigger.[/vc_column_text][vc_column_text]

Does Trade Republic also have a savings plan?

Savings plans are a good way to buy stocks or ETFs during difficult times like now or generally on a monthly basis, this is of course also possible with the Trade Republic App. Here you can choose from over 300 ETF savings plans. The savings plans start from 25€. What I think is a pity is that you can’t run savings plans on shares. This means that even “expensive” shares like Amazon cannot be bought in several months without spending several thousands of Euros.[/vc_column_text][vc_column_text]

How is the security at Trade Republic

Trade Republic App? Everything digital? That’s cheating! Certainly not! The Trade Republic app or company is managed by HSBC Germany. The deposit is also secured by the BAFIN with 100.000€.

Who needs more information: https://www.traderepublic.com/help/[/vc_column_text][vc_column_text]

Let’s buy a share with Trade Republic

[/vc_column_text][vc_column_text]The probably most exciting part comes now. I buy exactly one share and then immediately show the statement so that you can see the fees and what this dubious foreign expenses are all about.[/vc_column_text][vc_column_text][/vc_column_text][vc_column_text]First you should deposit your money into your account, wait until the PUK of Trade Republic arrives on your account. This will be in the form of a small bank transfer (see image gallery under this section). The speed at which the money is deposited from your account to Trade Republic depends on your bank and the Solaris Bank. I got it in under 10 minutes. When making a bank transfer, make sure that you really deposit the money from the account that you entered during registration. Other accounts or PayPal are not accepted. The money should then be transferred back in a few days.

I made a tentative deposit of $100. Picked Royal Dutch Shell ,meanwhile at 15€, which annoys me a lot, but you will never catch the perfect moment. So when you have selected a share, you click on buy and that’s it. As you can see in the screenshots, everything is kept very simple and straightforward. The minimalist design convinces me.[/vc_column_text][vc_column_text]

What are the fees?

[/vc_column_text][vc_column_text]As always you can see everything in the screenshots, I have documented this as good as possible. The purchase is in fact only charged with 1€ fee and that is the madness for me! In my eyes, this opens up so many opportunities for me to buy. Note that I only really bought one share for 15€! You can now buy more every day and thus set your personal purchase price. From me a very clear one: Download App and trade only with Trade Republic. Apply here for the Trade Republic depot![/vc_column_text][dt_media_gallery_carousel image_border_radius=”0px” project_icon_border_width=”0px” arrow_bg_width=”36x” arrow_border_width=”0px” r_arrow_icon_paddings=”0px 0px 0px 0px” r_arrow_v_offset=”0px” l_arrow_icon_paddings=”0px 0px 0px 0px” l_arrow_v_offset=”0px” include=”59695,59704,59713,59722,59731″][/vc_column][/vc_row]

bookmark_border9 tips on how to behave in the event of a stock market crash.

[vc_row][vc_column][vc_column_text]

This is the first stock market crash that has affected me personally since 2008. The coronavirus spreads not only in humans, but in the Assett class. stocks, precious metals and cryptocurrencies. What should i do?


I am not an “expert”, but what I know from specialist literature is to sell everything in the prevailing panic, pointless and without thinking. In my view, this basic idea is also absolutely correct. If you have invested in solid companies, they will not be lost by such “catastrophes”, or are less likely to do so than with smaller companies.

[/vc_column_text][vc_single_image image=”3254″ img_size=”full” alignment=”center” style=”vc_box_shadow_3d” onclick=”custom_link” img_link_target=”_blank” link=”https://c.trackmytarget.com/bec0cj?click_id=undefined”][dt_quote background=”fancy” animation=”fadeInUp”]

Chaos is not an abyss. Chaos is a ladder. – Petyr Bealish

[/dt_quote][/vc_column][/vc_row][vc_row][vc_column][vc_text_separator title=”9 tips for the stock market crash” i_icon_fontawesome=”fas fa-exclamation” i_color=”orange” i_background_style=”rounded” add_icon=”true”][dt_vc_list bullet_position=”middle”]

  • Avoiding panic sales
  • Keep calm
  • Companies check how solid they stand
  • express emotions and look at the situation with a sober eye.
  • Sources check how strong the current problem is. Maybe watch less news to be able to sleep better.
  • Set any stop-loss rates if you want to take profits with you.
  • Don’t panic buying, so-called FOMO (Fear Of Missing Out)
  • Cash is still King. Build up the cash reserves and buy them at some time.
  • Don’t invest everything at once, but bit by bit, almost in instalments.
  • Wash hands after a sale/purchase 😉

[/dt_vc_list][vc_single_image image=”57322″ img_size=”large” alignment=”center” style=”vc_box_shadow_3d”][vc_text_separator title=”Stock exchange in free fall” i_icon_fontawesome=”fas fa-chart-area” i_color=”orange” i_background_style=”rounded” add_icon=”true”][/vc_column][/vc_row][vc_column][/vc_column][vc_column_text]

The DAX is falling almost every day, even the measures are still being helped by the ECB. The idea of endless loans for medium-sized enterprises and smaller companies is promising.

There is no improvement in sight. The UNITED States is acting faster than the German government. The key interest rate of the United States falls almost to 0, unfortunately this sends the Dow Jones deeper into the basement. At the moment, the meter is the same as 2018.

Fortunately, imports and exports are still possible, so the economy, which is strongly interconnected internationally, can still make gains. No one can say how long the downward spiral will go down. But the fact is that at some point it will end, you just don’t know when.

I am very happy to see that I react to my first great crisis, positively and calmly. I don’t see it as doom or anything negative, but as a ladder up. A greater way to make more of my money and performance and to benefit more from it in the future. A stock market crash has two sides.

Of course, it hurts me to see the hard-won wins of the last 6 years crash ingenulate in a daytime fast, but this is the stock market, a roller coaster of emotions and you have to put up with that.

 

[/vc_column_text][vc_row][vc_column][vc_cta h2=”What is your opinion on this?” h4=”Write it in the comments” style=”3d” color=”orange” add_icon=”top” i_icon_fontawesome=”fas fa-pen-nib” i_background_style=”rounded” i_size=”sm” i_on_border=”true”]

How do you trade in such situations? Is it your first stock market crash? How long will it take for your opinion? What is your strategy for buying/selling?

[/vc_cta][/vc_column][/vc_row]

bookmark_borderFrugalism: Extreme Savings & Invest | Documentation | Reaction

Frugalism, that doesn’t quickly become clear to everyone. You have to be in the matter, or something in the scene. Frugalism is easy to explain: modesty. It’s not more, the spell reveals, end of the blog post.

Continue reading “Frugalism: Extreme Savings & Invest | Documentation | Reaction”

bookmark_borderBlack Wednesday or how the whole Crypto community panics | IOTA Theft

The crypto scene cries, all profits of the last days and weeks pulverize in seconds. Bitcoin bangs down 14, Ethereum lubricates 21 down, XRP just under 24 and our darling IOTA loses 26. Doomsday for many private investors. The coronavirus does not stop at many of the coins. Continue reading “Black Wednesday or how the whole Crypto community panics | IOTA Theft”

bookmark_borderNel Asa breaks the €1 mark and triples my investment | All major developments since June 2019

Nel Asa, is back in the conversation. The hydrogen giant has been with me for a year and a half and is about to triple. What was a tock at the beginning has become a nice pocket money.

Continue reading “Nel Asa breaks the €1 mark and triples my investment | All major developments since June 2019”

bookmark_borderTesla stock – price explodes and crashes

Since 2020, Tesla’s stock has exploded from just under €390 to €840, equivalent to 114. And now it goes downhill, the messages I read are piling up, my phone hardly stands still in front of “EILMELDUNGEN”. I smell panic in every headline and wonder, are people really that stupid? Continue reading “Tesla stock – price explodes and crashes”

bookmark_borderPaywall Conclusion – Free appreciation which is too expensive. Waiting for IOTA

Paywall is a vexing issue for many. The company wants everything immediately and free of charge. In times of YouTube, Spotify and Torrent, where you get everything for free, it’s hard to shine with content that’s blocked. For more than a year I own such a paywall. There were some upsets and a rather small personal attack, but all in all the Shitstorm was limited.

Continue reading “Paywall Conclusion – Free appreciation which is too expensive. Waiting for IOTA”

bookmark_borderWhy the IOTA course is falling in my eyes

In 2019, the crypto world has not gone in the right direction. Many big promises and many big sounds sounded: “Bitcoin will reach 100,000€, so the altcoins will follow suit and all are rich”. As a big IOTA fan, I followed the reactions on Twitter for this unique and great cryptocurrency, lots of great news and what does the price do? He sinks, here a few thoughts on the subject

Continue reading “Why the IOTA course is falling in my eyes”

bookmark_borderHow I lost €14,000 in a week – The Forex Story

To this day, I have always written about the possibilities of passive income on my blog. I presented my figures from all sources and showed early on that you don’t have to invest a lot of money to get a nice pocket money. But I never wrote about losses.

 

Continue reading “How I lost €14,000 in a week – The Forex Story”

bookmark_borderNEL ASA | New developments | Hydrogen Revolution | What happened in 6 months

Nel Asa and what happened in 6 months

If you don’t know what makes this stock so interesting, you can read everything here or use other sources. After my last post, a whole 6 months have passed and a lot has happened. All the news this time as video Continue reading “NEL ASA | New developments | Hydrogen Revolution | What happened in 6 months”

bookmark_borderDividend Calendar for April | Passive income

April, April, which explodes as he pleases. Watch out and leave the exact number I’m writing here: 3,380 more revenue than last year in April. Meanwhile, the numbers are just going to be absurdly large. You reap what you sow, it is said, and I agree with that.

Continue reading “Dividend Calendar for April | Passive income”

bookmark_borderAmazon FBA #8 – First Purchase | Sample | Logistics | Customs | Control

In the eighth series of Amazon FBA, I want to illuminate the purchase of the sample and products via Alibaba. What you have to pay attention to and how it all goes. In doing so, I refer myself to my experiences around it better to present.

Continue reading “Amazon FBA #8 – First Purchase | Sample | Logistics | Customs | Control”

bookmark_borderDividend Calendar for March | Passive income

At the end of the quarter, there is a rather quiet moment. Nevertheless, passive income for March is rising to more than 1000 compared to the previous year. If you take the value when I started, it’s an increase of 3,500.

Continue reading “Dividend Calendar for March | Passive income”

bookmark_borderWirexapp Cryptoback – 7 months later, is the card worth it?

Sanja, what about the Wirexapp? Do you still use them? Is it worth it? Seven months are already around and I want to tell you here the many news about this card and whether I still use this Visa card.

Continue reading “Wirexapp Cryptoback – 7 months later, is the card worth it?”

bookmark_borderPassive income does not come from work, but from wealth!

Passive income, that’s what my blog is all about. I work, invest, motivate and train myself to have a life outside of this “hamster wheel” later on. Surely you and I have to work out this privilege for ourselves. And then there’s investment punk.

Continue reading “Passive income does not come from work, but from wealth!”