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The €1 Trade Is Dead: How the PFOF Ban Will Force Trade Republic Into a Price War It Can’t Win
Germany

The €1 Trade Is Dead: How the PFOF Ban Will Force Trade Republic Into a Price War It Can’t Win

The EU’s Payment for Order Flow ban, effective July 2026, threatens to kill the €1 trading fee that made neo-brokers like Trade Republic famous. With a third of their revenue disappearing, German investors face a stark choice: pay more or trade less.

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