Trade Republic Doubles Customers and Surpasses €100 Billion in Assets

The Berlin-based online broker achieved record growth in 2024, launching new banking features while addressing customer service challenges.

Trade Republic's customer base grew to 8 million in 2024, doubling from the previous year, with assets under management exceeding €100 billion.
The company attributed its growth to the introduction of a free checking account with interest and a free payment card, which boosted customer acquisition.
ETF savings plans remain the most popular investment choice, accounting for the majority of client assets, followed by cash deposits in savings accounts.
CEO Christian Hecker confirmed that Trade Republic ended 2024 significantly profitable and expects continued profitability in 2025 despite ongoing investments.
Customer service has faced criticism for lagging behind the company's rapid expansion, but substantial investments have been made to address these issues.