Trade Republic Launches Best Price Execution, Direct Price Orders and Web Terminal

Berlin-based brokerage Trade Republic has launched a major upgrade to its trading technology, introducing Best Price Execution across 30 global exchanges, a Direct Price Order feature, and a new Web Terminal for active investors. The platform updates, announced on 2 July 2026, aim to provide retail clients with institutional-grade tools and pricing transparency.

The centerpiece is Trade Republic's new Best Price algorithm, which scans all relevant exchanges to find the lowest buying price and the highest selling price for any order size. Orders are executed against Trade Republic at the best available price, with the company aggregating real-time quotes from venues including Xetra, Euronext, Nasdaq, and the NYSE. Customers continue to pay just a €1 settlement fee, plus third-party costs and spreads.

For those who prefer to select a specific venue, Trade Republic now offers Direct Price orders. Clients can choose from 30 exchanges for market, limit, and stop orders at a flat fee of €2 per trade, regardless of order size. The app displays live aggregated order book data alongside individual exchange order books, giving users full transparency at no extra charge.

The new technology also expands Trade Republic's business into the active-investor segment. The company has launched an in-house built Web Terminal, available at no additional cost, that includes advanced charting, customizable workspaces, stock and derivative screeners, portfolio analytics, and live market data from key exchanges.

"What our engineers have built is a major step for our customers. We are connecting customers to 30 global exchanges, processing live market data in real time and turning complex market infrastructure into a simple product experience," said Christian Hecker, co-founder of Trade Republic. "With the scale of more than 10 million customers, we can give people access to tools and market infrastructure that were previously built for institutional investors, banks and hedge funds. This is what democratising investing means to us."

Trade Republic, which serves over 10 million customers across Europe, says the new features align with its mission to provide simple, fair, and transparent access to financial markets for building long-term wealth.