Trade Republic is an account that has been operating in our country for a few years and is becoming popular among many users. You may have heard about it and are interested in knowing how to use it. create your own account bearing in mind that they can give you money for being a new user or they promise you up to 3.75% annual interest on your money up to a limit of 50,000 euros, in addition to having Cashback.
In addition to saving your money and spending it whenever you want, they give you a welcome gift and have thousands of stocks, cryptocurrencies and EFTs available for investment. It promises you a high return on deposited funds and has no hidden fees, although this does not mean that it does not have any. It is supervised by the Federal Bank and the Federal Financial Supervisory Authority (BaFin) of Germany and registered with the National Securities Market Commission (CNMV).
How to create your account step by step from the app
The first thing you can do is download the app, which you can do from the QR code you see on the page or in the app store from your mobile. You can read it with a code reader, the mobile camera or Google Lens. If you don’t do this, you will see that on the website you only have the option to log in, which also takes you to the option to open an account from Open account, which takes you back to the app.
So don’t try to sneak around and download it. Afterwards you will have to give permissions and continue. certain steps until you create your account. We tell you how to do it step by step:
- Open the app
- Give permissions
- Click on Register
- Indicate your phone number and click next
- Verify your phone by typing the code that you have received or accepting permissions to read your SMS
- Indicate your country of residence (Spain appears among the first options in the drop-down menu)
- Indicates a PIN for your account
- Confirm it
- Click on Create
- They will ask you personal data such as name, date of birth, email, address, place of birth, countries where you have citizenship, where you pay taxes, your profession, whether you have invested in certain products and more
- You have to verify your identity with your ID or other valid identification in a bright place and agreeing that you want to verify it
- Make a Photo of your ID on both sides and the data will appear
- Make yourself a face selfie following the instructions
- Allows temporary access to your location
- You will have to give the consent to open the account
- You will have access to the app and you will be able to deposit money, configure it and whatever you want.
- They will notify you in your email that Your account has been activated
Once your account has been confirmed, you will be able to navigate the app and take advantage of all its possibilities. You can also log in to the website. You will soon discover that there are a large number of actions available to you. You can also create your free virtual card from the top of the page, or another one if you are more interested. Those who have tried it are very happy with it, although some have some complaints about the app. You can do everything online.