I thought I only pay 1 EUR per trade at Trade Republic?
As a Trade Republic client you don’t pay any order commissions for trading securities. There’s only an one euro external settlement cost per single trade. However, product providers may charge costs, such as ongoing product costs for ETFs. These costs are already included in the price of the respective product. For transparency, the Ex-Post cost information provides you with an overview of these costs, which includes the one euro external settlement cost per single trade, but also all other costs such as product costs.
Where can I see these costs in the App?
For each order you place, we create a cost report that we make available to you via the timeline in your profile. Simply click on the respective order. If you’ve specific questions about the costs of a security or the security order, you’ll find detailed information there.
What are external settlement costs?
External settlement costs are settlement cost contributions that are also shown to you in the Ex-Ante cost information when you place an order.
When are foreign currency costs incurred?
Foreign currency costs may be incurred when converting foreign currency dividends. These are shown as a separate cost category.
What are one-time product costs and what are ongoing product costs?
In the case of product costs, a basic distinction is made between one-time and ongoing costs. In the case of derivatives, implied product costs are incurred on a one-time and ongoing basis and are already included in the price of the product. In the case of ETFs, on the other hand, only ongoing costs are incurred. The amount of these ongoing costs is based on the Total Expense Ratio (TER).
What are other securities-related costs?
The details of other securities-related product costs can be found in the List of Prices and Services under Custody Service Corporate Actions. The costs incurred for the registration of registered stocks are also recorded here.
What are costs for ancillary services?
If you order voting cards for shareholders' meetings, these expenses are recorded under Costs for ancillary services.
How is the sales volume calculated in EUR?
The turnover volume includes all trading turnovers of a securities position including the external settlement costs incurred.