Trade Republic Switzerland

The Smart Broker Trade Republic enjoys enormous popularity, especially among younger people. Founded in Berlin in 2015, the broker convinces with enormously favourable feesNo custody account fee, no negative interest rates, hundreds of free ETFs and hardly any other fees. In Germany, the number of clients is exploding, but what is the situation in Switzerland? Does Trade Republic Switzerland already exist and what are the possible alternatives?

If you have any more questions on the topic, we look forward to an exchange in the comments!

Trade Republic Switzerland Availability & Alternatives

Trade Republic Switzerland? Unfortunately, no strategy for the Swiss market has been published by the commission-free broker Trade Republic so far. Interested parties of Trade Republic in Switzerland must therefore still be patient and until then resort to other brokers. Comparable is by the way the Trading App Yuh (from Swissquote and Postfinance). Yuh offers a combination of banking and trading within one app. In addition, you get a bank card for an associated account.
How do such "cheap" brokers make any money at all? There is no order commission and a maximum of 1€ third-party fee for Trade Republic fees. Nevertheless, it should work profitably due to the strong digitalization and thus low costs, as well as large customer volumes. Refunds from Black Rock and Co. also play a role of course - but almost every normal broker gets them too.
Trade Republic and the GameStop Case in January 2021: A broker acts as an intermediary between the seller and buyer of securities. Intervening in the market is not his task and he is also clearly prohibited from doing so. Trade Republic has similar Robinhood suspended the purchase of GameStop shares (GME) in January 2021, earning it a reprimand from the regulator and many angry customers. There are various explanations for this, but we don't want to go into the full story here. Anyone who has followed the case knows what we are talking about here. Brokers like Swissquote by the way, have proven reliable during this time.
Trade Republic alternatives: Until "Trade Republic Switzerland" is available, there are various good Swiss Online Broker as alternatives to choose from. We would like to emphasise two in particular.

Swissquote: Yes, the fees at Swiss online broker Swissquote are higher than Trade Republic fees. But Swissquote is currently cooperating once again with Postfinance and is working on a smartphone Trading App Yuh. You can find out everything about Yuh in the Article via the Swiss app.
Selma Finance: Selma is not a broker, but a smart robo advisor. This means that Selma advises you digitally and always manages your assets for you as you wish. Taxes are also optimised because you have a digital pillar 3a option with Selma receives.

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Kern? Satellites? All too much? At Selma Finance your assets are always managed according to your personal situation. A free financial check-up is also available through us, more on that in the article.

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True Wealth is probably the closest provider to the classic ETF savings plan: automatic investments in a customized ETF portfolio. The fees are low, the customizability is okay and the user-friendliness is high.

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Conclusion: Trade Republic Switzerland?

We will probably need a little more time before Trade Republic is available in Switzerland. Trade Republic currently offers Swiss residences not permitted.

Until then there are Alternatives like Swissquote, Selma or maybe also Completely different apps or brokers? How do you feel about smart brokers? Doesn't trading on the smartphone tempt you to be a bit too relaxed with investments?

Do you have any more questions or suggestions on this topic?

Leave us a comment there!

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One Response

Rafa says:

25. February 2021 at 10:41

Dear Swiss Franc Team
Have you already made up your mind about Smartbroker? What do you think of their fee model?

Reply

Trade Republic Switzerland

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