Trade Republic has more than two million customers

According to media reports, the neobroker breaks 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 received licenses for proprietary trading and proprietary business with shares, which would enable the company, among other things, to sell shares to its users itself and not just pass on the orders.

This would bring a radical change to the Berlin-based company's business model. So far, they make their money through payments from the trading houses to which they pass on their customers' orders. So far, this has mainly been done via LS Exchange. The financial media have also looked at their trading data and found that September was the worst month there in two years. Conversely, this could mean that Trade Republic's order volume is also declining. However, the company told Finanz-Szene that it is optimistic and expects more trading volume from October onwards.