How does the Trade Republic scam work in Germany?

Fraudsters spoof local numbers, pretend to be support, and claim urgent risk. They trigger a one-time TR code to your phone, then push you to read it aloud. That code can approve a device or confirm a transfer. Hang up, verify in the app, and never share codes by phone.

What should I do if I already shared a TR code?

Act fast. Open the app, contact support via in-app chat, and request a block on suspicious activity. Change your email and app credentials, review devices, and check transfers. Inform your bank and file a police report with call details and screenshots. Speed greatly improves outcomes.

How can I spot fake Trade Republic calls?

Unsolicited calls that create panic, ask for TR codes, or demand remote access are red flags. Real support will not ask for codes over the phone. Verify by logging into the official app and using its help channel. Do not call back numbers given during the conversation.

Who should I report a phone scam Germany incident to?

Report immediately to Trade Republic via the app, notify your bank about any transfers, and file a police report for documentation. Ask your mobile provider to add extra verification and flag spoofing. Keep call logs, numbers, and screenshots to support investigations and potential claim reviews.

Law and Government

Trade Republic Scam Alert on March 02: Fake Calls Steal TR Codes

ByDanny Kontos March 2, 2026March 2, 2026

A new Trade Republic scam is spreading in Germany on March 2. Fraudsters spoof Berlin or Stuttgart numbers and push users to read out TR-prefixed verification codes. Those codes can approve device logins or transfers. We explain how fake Trade Republic calls work, common red flags, and fast actions to protect balances. With phone scam Germany cases rising and AI voices in play, retail investors need a clear safety checklist to keep accounts secure.