Trade Republic has more than two million customers

According to media reports, the neobroker breaks through the important sound barrier. At the same time, the Berlin-based company receives new licenses for its own business.

The neobroker Trade Republic continues to record strong customer growth. According to information from Finance Forward and Finanz-Szene, the start-up has now broken through the sound barrier of two million customers. At the same time, Trade Republic has probably also been granted licenses for proprietary trading and proprietary trading in shares, which would enable the company to sell shares to its users itself and not just pass on orders.

This would bring about a radical change in the Berlin-based company's business model. Until now, they have earned their money through payments from the trading houses to which they pass on their customers' orders. Up to now, this has mainly been done via LS Exchange. The financial media have also looked at their trading data and found that September was their worst month for two years. Conversely, this could mean that Trade Republic's order volume is also declining. However, the company was optimistic in an interview with Finanz-Szene , saying that it expects trading volumes to increase from October.