TraderRepublic Review
As you know there are very few trading platforms that are up to the standard of modern-day traders. Modern traders have quite a lot of requirements that not every broker platform can complete. Most platforms that are operating in the market aren’t advanced and intuitive enough to meet these demanding requirements. While searching the market for intuitive platforms that can fulfill the requirements of today’s traders, I came upon a few options. In my TraderRepublic review, I will discuss one of these options with you in detail.
I will talk about the TraderRepublic broker platform and its features and functionalities that make it intuitive and advanced. I will go over its various aspects so you can see whether its offerings are up to the standard of modern-day traders or not.
Top Tier Trading accounts
For starters, I will talk about how this platform offers a diverse range of trading accounts that also include top-tier accounts. Trader Republic trading platform has many trading account options like basic accounts, medium-level accounts, and top-tier trading accounts. And the best part is that users can pick their account themselves. They can pick their account depending on their experience and level of expertise.
Their top-tier accounts are suitable for modern traders as they come with exclusive perks and benefits like an account manager and a personal analyst. It comes integrated with advanced trading features so users can have the best possible experience they can have.
Array Of Asset Classes to Trade
Ask any online trader what is the mandatory feature they want in a broker and most of them will say availability of multiple asset classes. For almost every other trader, having a diverse portfolio is essential, and it can only be achieved through investing and trading in various asset classes that perform differently.
TraderRepublic broker platform has an array of asset classes which include both conventional and modern assets. Traders can do forex trading, stock trading, crypto trading, and many more on this platform. They can even trade some physical commodities like oil, gold, silver, etc. With so many asset classes in one platform, traders don’t have to join multiple trading platforms just to trade in a specific market. Rather, they can do all their trading and create a mixed portfolio from one place.
Separate News Section and Learning Materials
This is another demand of many modern-day traders. They want a platform that comes with a news section, so they have to go through the hassle of going on different news channels and sites. Trader-Republic trading platform has built its users a dedicated news section to keep them up to date on all market situations. Traders can head over to this section to get all the latest market updates and insights whenever they are trading on the platform.
Additionally, the TraderRepublic broker platform has also created an entire library of learning resources for its users. There are many learning materials in this library, such as step-by-step guides, detailed eBooks, informative articles, and video-based tutorials. Traders can use their preferred learning material to increase their trading knowledge and refine their skill set.
Better Leverages and Tight Spreads
Last but not least, every modern trader has a requirement for better leverages and low spreads. Most trading platforms have a few restrictions regarding leverages. However, the TraderRepublic trading platform is doing things differently. It allows users to take leverages according to the trading account they use. The higher level of account you use, the bigger leverage you can get for your trades.
Similarly, your spreads also get tighter depending on the trading account you use. The more premium accounts you use, the lower spreads you will have to give to the platform. In other words, you have to pay very little to the platform for the trades you make.
Is TraderRepublic Scam or Legit?
In this part of my TraderRepublic review, I will talk about the features that prove this platform’s legitimacy. This platform verifies each user who joins as a trader as per KYC policy and takes all the mandatory measures to avoid any nefarious activities. It has an SSL encryption certificate, proving that it protects users’ data from the risk of exploitation. It also uses the 2FA protocol to make sure the user logging in is a real trader and not a hacker.
Bottom Line To recap my Trader-Republic.co review, I’d provide a short summary of all the features that make this platform well-suited for the needs of modern-day traders. This platform offers a diverse range of top-tier trading accounts that come with their own perks. It has an array of asset classes like forex, stocks, commodities, indices, and crypto trading for portfolio diversification. It has created dedicated sections for market news and learning materials so traders can stay up to date and increase their knowledge. It also allows users to take big leverages and lowers their spreads as they keep upgrading their accounts.
