Trade Republic referral code 2026: free share for referrer and friend

Trade Republic allows users to invest in several asset classes. The platform states that it charges no variable commission on orders, with a €1 external settlement fee per one-off transaction; investment plans are executed free of charge. Spreads and third-party fees may nevertheless apply. The referral link must be shared privately: the terms prohibit its public distribution.

What each person receives

The key point is the random selection: when the reward is a share, its value is drawn at random between €5 and €200 for both the referred friend and the referrer. Trade Republic does not guarantee an amount, and nobody else can guarantee one on its behalf. Most user reports mention shares in the middle of the range, but both extremes do occur.

The point that makes all the difference: honesty about the random reward

This is the programme's only real pitfall, and it is about relationships rather than technical details. If you tell your referred friend, “sign up and I'll get €200”, then receive a share worth €9, you will be disappointed and they will not believe you next time. Conversely, if you say from the outset, “you and I will each receive whatever the draw gives us, between €5 and €200”, nobody will be disappointed, whatever happens. Transparency is not a moral stance here; it is what protects your credibility.

There are two fundamental conditions to understand. The referred friend must be a new customer: they cannot have an existing Trade Republic account, even if it is inactive or was opened in another European country. Identity verification (KYC) is also mandatory before investing, as it is with every regulated financial intermediary. Allow 1 to 2 working days for this step, which is often where registrations stall. Encouraging a referred friend to complete KYC helps ensure that the referral is successful.

For the referrer: where to find the code and whom to approach

Open the Trade Republic app and go to the referral section in your profile. You will find a short code or a link to share. Both methods are equivalent and personally linked to your account.

The right type of referred friend is someone who understands market risks and genuinely wants to open an investment account. Present only the facts: a random bonus worth €5 to €200, variable conditions in the app and fees that should be checked before every transaction.

For the referred friend: what to do

Download the app from the App Store or Google Play (available in French). Start the registration process: at one point, you will be asked whether you have a referral code, which is when you enter your referrer's code. Then complete KYC with valid identification and a selfie, a mandatory step for every investment account in Europe.

You then need to fund the account (the minimum is very low, with a few dozen euros being sufficient) and make your first investment: a fractional share, an ETF or any available asset. This triggers the award of your randomly selected free share (€5 to €200), once the app's bonus conditions have been met within 21 days. It then appears in your portfolio, with the purchase executed within 30 days.

My considered opinion

I have not tested this programme myself; the following is based on the official terms and public user reports.

What I like is its consistency. The reward is not a voucher or an abstract credit, but a genuine share held in a portfolio. That makes sense on an investment platform: the referral genuinely introduces both parties to owning assets, rather than distributing cash unrelated to how the service is used. For a referred friend who has spent months hesitating about “putting money into the stock market”, receiving a share without risking anything is an excellent reason to finally take the plunge.

The downside, beyond the random selection already mentioned, is that a share remains subject to the market. Trade Republic does have a banking licence and deposit protection, but the free share may be worth less when it is sold than when it was awarded if markets fall. That is not a flaw in the programme; it is the very nature of investing, but it is worth stating clearly.

Trade Republic compared with the alternatives

Degiro is the direct competitor, with a more predictable reward: €20 in free brokerage fees for each person, a fixed amount with no surprises. The drawback is that €20 in free fees is only valuable if you trade often. On a passive account filled with ETFs that are never touched, this credit may never be used, whereas a Trade Republic share is acquired once and for all.

Binance operates in a completely different way: it uses an affiliate model in which the referrer receives a percentage of the trading fees generated by the referred friend (up to 20%) for a variable period. This can potentially be very lucrative with referred friends who are active in crypto, but it has little in common with Trade Republic's approach and is intended for crypto investors.

Common questions

How much do I receive as the referrer? Depending on the offer displayed, a randomly selected share or ETF worth between €5 and €200. The official limit is 40 referrals or €2,000 in cumulative bonuses.

Does the referred friend have to invest a minimum amount? They must meet the bonus conditions displayed in the app within 21 days (depending on the promotion: a deposit and up to five investments, excluding savings plans). Trade Republic allows investments in fractional shares from €1.

Can the free share be sold straight away? Once credited, it becomes part of your portfolio like any other security, but the terms and conditions allow sales to be blocked for up to 90 days, as displayed in the account.

Check before acting: data checked on 23/08/2026 in the official promotion terms. The type, amount and conditions may change depending on the promotion and country. PlanParrainPromo.fr is not a Trade Republic partner.

In summary

The referrer and referred friend can each receive a randomly selected share or ETF worth between €5 and €200, subject to the conditions displayed in the app. The essential rule is to share the link only in private and never promise any particular amount. The current conditions are summarised on the PlanParrainPromo Trade Republic page.

See also

• Finary referral 2026: conditions to check on finary.com
• Binance referral 2026: the crypto affiliate model
• Direct Assurance referral 2026: €50 for you and your referred friend