Contrary to what's stated in 'Best Buys," money deposited with Trade Republic is not covered directly by any deposit guarantee scheme as it's not a bank. As was the case with Revolut until recently, funds are held in escrow accounts which for their part are protected. But that's not the same as having funds directly guaranteed (how much difference it makes in practice is a matter of interpretation I guess). Their FAQs state:
"All funds in the cash account are legally protected up to €100,000 per investor. They are held in an escrow account at one of our partner banks. These currently are Solaris SE, J.P. Morgan SE, Citibank Europe plc and Deutsche Bank."
"All funds in the cash account are legally protected up to €100,000 per investor. They are held in an escrow account at one of our partner banks. These currently are Solaris SE, J.P. Morgan SE, Citibank Europe plc and Deutsche Bank."
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