5J·

I've had enough of TR!!!

Is it just me, or are the splits in the monthly savings plans getting wider and wider? That simply can't be real. I've been doing spot checks for months and I've noticed that some of the spreads don't match.

$VICI (+0,56 %) Savings plan at 27,11€

Daily high €26.95

According to the chart, the price at the time of execution was €26.75

Even with blurring, the difference is 0.60%. If I take €26.75 as the basis, the spread is 1.35%.

That's not right. Even if I don't move the "largest" sums of euros, I find it increasingly frustrating.

What do you think about this? Am I making a mistake? Am I exaggerating? In any case, TR gives me little pleasure. It's too opaque for me.

I've actually been quite satisfied so far. Apart from the lack of customer support.

16 Commentaires

Ella M.@DividendenWaschbaer

spread is what TR earns money with. How else can they offer order costs of €1 and still keep the business running?
It has to come from somewhere.
What's more, Vici probably doesn't have that much liquidity flowing in, especially not in EUR.

You can also change brokers. You'll have higher fees, but the spread will be better.

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DTA@trade_commander_2498

@DividendenWaschbaer My point is that there is no transparency at all. Tomorrow they can add x% without it being even remotely comprehensible. I have no problem with TR's business model. But not if the spread runs indiscriminately or always extremely in favor of the provider.

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Ella M.@DividendenWaschbaer

@trade_commander_2498 So I had a savings plan execution of MSFT today. According to getquin (price from L&S) the price at 16:43h was 441,775€. Executed at TR for 441,75€.
So in any case a very small spread. But liquidity is high there. Spread is mostly/often based on liquidity demand. I don't know of any normal brokers who a) keep their spreads constant (except for offers) and b) make them public.

As I said, I suspect that there was simply no demand at VICI and that's why the spread was so high. This is the case with some smaller stocks.
Try buying $UKW. Or $SSW
There's very often this warning when buying individually that the spread is over 1%.

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DTA@trade_commander_2498

@DividendenWaschbaer Thank you for your answer. 👍🏻

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Ben@Benjin

TR has no influence at all on the spread, which is determined by the respective trading center.

TR only receives kickbacks for forwarding your order.

If you want different spreads, you have to choose a broker that offers several trading venues, e.g. Xetra, L&S, NYSE, etc..

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Lucifer@Trial_and_Error

Yes, it seems so, I now only have ETFs as a savings plan, I received VICI with a limit of 26.90, here the spread is also slightly higher at ING, but sometimes I get the order at the bid price, which is very rare at TR

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Nom@user28461

People, stop it already. Go to real brokers and just pay the order price. That's it.

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Imperial_Trading_Company@Imperial_Trading_Company

Had an average spread of 0.15% on 4 savings plans today, can't complain.

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Metis@Metis

You just pay in one way or another. Order fees or a higher spread.

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DTA@trade_commander_2498

@Metis Yes, that's true. But somehow it can't be that the spreads are not transparent. Or that TR can charge whatever it wants. That just doesn't give me much pleasure.

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Metis@Metis

@trade_commander_2498 They can charge as much as they like. Whether you want to pay them is another matter. Elsewhere, you pay significantly more in order fees and often have no savings plan options at all for shares.

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Staatsmann@Staatsmann

@trade_commander_2498 TR does not set the spread.
The spread comes from the exchange and the market maker.

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Imvestment4Life@Investment4Life

That's how they earn their money. Isn't that logical?

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DTA@trade_commander_2498

@Investment4Life Yes, of course. But in my opinion, the spreads have deteriorated significantly recently. That is not transparent. Theoretically, they could simply add 20% to the spread from one day to the next.

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Kai@Dividenden-Sammler

@trade_commander_2498 However, this is not due to TR but to the stock exchange - i.e. L&S.

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Imvestment4Life@Investment4Life

@Dividenden-Sammler.. In the end, the user pays L&S, which in turn pays TR :)
Therefore, the spreads at TR are higher than at flatex, for example.

(It's their business model... until 2026 or so, then it will be banned and the users will pay differently)
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Trade Republic earns money mainly through payment for order flow, i.e. reimbursements from trading partners (such as LS Exchange and Tradegate) for forwarded customer orders
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