Review Trading 212
Trading 212, founded in 2004 as Avus Capital and later incorporated in the UK, offers global trading in CFDs, forex, stocks, and ETFs. Headquartered in London, it’s regulated by the UK’s FCA and Bulgaria’s FSC. While its portfolio lacks options and bonds, and forex fees are high, its app’s 12 million downloads reflect its popularity. Users access stocks, Forex, indices, ETFs, and cryptocurrencies. Regulated by the top-tier FCA, Trading 212 is considered a safe and user-friendly platform.
Recommended to:
Trading 212 is great for beginners because it offers commission-free trading, which helps save money for those just starting out.
Pros
- Commission-free trading on a wide range of asset types
- Account opening is quick
- Trading platforms are great
Cons
- The product portfolio is limited
- No phone support
- Forex fee is costly
Review’s Keypoints
Country of regulation
UK, Bulgaria
Minimum deposit
$1
Time to open an account
1 day
Trading fees class
Average
Deposit with bank card
Yes
Number of base currencies supported
12
Products offered
Stocks
ETFs
Forex
Depositing with electronic wallet
Not available
Demo account provided
Yes
Fees
In the sections below, you will find the most significant fees of Trading 212 for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.
Pros
- Stock and ETF trading are free
- Minimal CFD costs
- No inactivity fees
Cons
- Finincial rates are high
- Forex rates are high
Trading 212 Costs
- ***1000 in EUR or USD for the stocks transaction
- *** Price per contract for Options & Futures
Account
Trading 212 offers an easy-to-use, fully online account opening process available to clients globally, with some exceptions such as the United States and Canada, where customers are unable to open an account.
CFD Account
CFD Account
Available in all eligible countries
Invest Account
Invest Account
Available in all eligible countries
ISA Account
ISA Account
Available in UK only
Click on the card to see details
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01Provide residence country
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02Submit tax information.
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03Choose account type
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04Answer financial questions
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05Accept terms and conditions
Transfers
Trading 212 offers free deposits to CFD accounts and for bank transfers to Invest accounts, although available electronic wallets vary by country and this isn’t always clear. There are also no withdrawal fees, and you can use the same methods for withdrawal as for deposits. Our test of debit card withdrawal was efficient, taking only 1 business day.
Pros
- WIdthrawal is free of charge
- Credit/Debit card transfer available
Cons
- Limited Availability of Electronic Wallet
Trading Platforms
Web Trading Platform
Trading 212's platform stands out for its mobile-optimized, user-friendly interface that balances simplicity with a comprehensive set of features and analysis tools. It allows for versatile trade placements and multiple operations on the same pair. While some may prefer the complexity of platforms like MT4, many appreciate Trading 212's bespoke feel. Additionally, its demo account lets traders explore and find their preferred trading style.
Mobile Trading Platform
Trading 212's mobile app, available on Android and iOS, is user-friendly with efficient search and alert functions. It features a secure two-step login with biometric access. While the app allows for push notification alerts, it does not support SMS or email notifications
Desktop Platfrom
Offering
Tools
Trading 212 provides charting tools and fundamental data; however, it lacks a news feed and does not offer trading ideas
Fundumentasl data
Trading 212 offers essential fundamental data, including historical financial statements and key financial ratios, aiding investors in making informed decisions based on a company's financial health.
Charting Tools
Trading 212 excels in charting, offering robust tools with 50 technical indicators. This feature is a strong point of their trading platforms, providing nearly all vital technical analysis studies to support trading decisions.
Regulation
Trading 212, founded in 2004 and headquartered in London, is a leading global broker offering trading in CFDs, forex, stocks, and ETFs. Initially established as Avus Capital in Bulgaria, it was incorporated in the UK in 2013. It operates under the strict regulation of both the UK’s Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC), ensuring high safety standards. With its trading app downloaded over 12 million times, Trading 212 is recognized for its safety and diverse trading options, including cryptocurrencies, underlining its strong regulatory standing and global trust.
Bottom Line
In conclusion, Trading 212 is an online brokerage service for investors both new and experienced, with an excellently designed bespoke mobile app, commission free trading, a simple account structure and a whole host of additional educational features. Trading 212 offers good levels of customer support and easy withdrawal of funds. All of this makes it a great option for would-be investors to explore.
On the flip-side, some potential investors may prefer a more browser-based broker, use of the popular MetaTrader 4 platform, or additional features like algorithmic/automated trading or the option of managed accounts.