Trade Republic is assigned to the Entschädigungseinrichtung deutscher Banken GmbH (Compensation Scheme of German Banks, EdB). Your money is securely held by us in an escrow account at one of our partner banks, all of which possess licenses to operate a deposit business. Our current partner banks include: Citibank Europe plc, the European subsidiary of the globally operating US bank Citigroup Inc., Deutsche Bank AG, J.P. Morgan SE, and HSBC Continental Europe S.A.
Customer deposits at Deutsche Bank AG and at J.P Morgan SE are protected by the German Deposit Guarantee Scheme, at Citibank Europe plc by the Irish Deposit Guarantee Scheme, and at HSBC Continental Europe S.A. by the French Deposit Guarantee Scheme.
When you open your Trade Republic account, you'll receive a virtual cash account with its own IBAN, which is used to settle trades. This account is legally protected up to €100,000 per investor.
Furthermore, its important to note that all the securities held within your account belong to you. In the unlikely event of insolvency, these securities will be transferred to another custody account on your behalf, ensuring the preservation of your assets and investments.