- What is Trading 212?
- Safe or a scam?
- Deposits and Withdrawals
- Trading Platform
- Customer Support
What is Trading 212?
Trading 212 is a London fintech company that offers democratized access to the financial markets with free, smart and easy to use apps.
Since its launch of the brokerage company established in 2006 with headquarters in the UK, the broker walked the path of strong growth and at the beginning it served offices in Bulgaria. Nowadays it became one of the biggest and popular platforms, as well operating numerous world clients and supporting direct service lines in numerous worldwide countries like Argentina, Chile, Mexico, China, Russia, Italy, Poland, Spain, Germany and more.
Investors that chose Trading 212 are able to trade equities, currencies, commodities, stocks, indices and cryptocurrencies. The broker is known for its first and only zero-commission stock trading service in the UK and Europe, which unlock the stock market for millions of people to trade.
|Recognized and regarded broker worldwide||No multi-currency accounts|
|Strictly regulated by the reputable FCA in the United Kingdom||Platform and general offering may be more suitable for professional or bigger size traders|
|Wide range of instrument available including Forex and CFD Cryptos|
|Great trading options for US and UK markets|
|Professional platform with advanced tools|
Is Trading 212 a good platform?
For the purpose of order execution of CFDs, the Company acts as principal, which means that Trading 212 operated through an STP execution model. Besides, Trading 212 places significant importance on the performance of execution focusing on high speeds for all Clients’ orders, within the limitations of technology and communications links.
So the quotes you see are done through execution Venues or the entities with which the orders are placed and executed connected through the Trading 212 technology to the most significant world liquidity providers. Which all in all makes Trading 212 a quite good platform along with its proposed conditions for trading.
10 Points Summary
|Headquarters||UK based broker that also serves offices around Europe, Latin Americas, Asia and more|
|Country of regulation||FCA license in the UK|
|Platforms||Proprietary platform is used as main software|
|Instruments||Stocks, ETFs through Investment account or Live trading of CFDs on Forex, Cryptocurrencies, Commodities|
|Costs||Trading costs and spreads are low for CFD trading. Investment Option available|
|Demo Account||Free Practise available with no limits|
|Base currencies||Few base currencies offered|
|Education||Great education and learning videos with daily analysis|
Overall throughout the years of Trading212 operation, the broker gained successful results and figures that are also confirmed by numerous world publishes, received awards and satisfactory rankings among the traders.
Another progressive feature from Trading 212 is a highly regarded mobile app that has more than 14 million downloads, that made it one of the most popular trading apps in the world with its numerous awards for excellence.
UK’s #1 trading and investing app
Is Trading 212 safe or a scam?
So why is the regulation status so important? Because it means that you, as a trader, ensured of an implemented safety measures, as well that the broker is checked on a regular basis by some of the sharpest authorities in the industry. And here you may be assured of safety measures implemented.
Is Trading 212 legitimate?
As for the legit information, Trading 212 is a trading name used by the Trading 212 UK Ltd. and Trading 212 Ltd, which are respectively registered in the UK and authorized by the Financial Conduct Authority. In parallel, Trading 212 Ltd. is registered in Bulgaria and regulated by the Financial Supervision Commission.
|Sharp and reputable obligatory requirements set by the UK’s Financial Conduct Authority||Not listed on Stock Exchange|
|Cross border licenses and global offering coverage|
|Negative Balance Protection applied|
How are you protected?
According to the abovementioned regulations, the client’s funds are compliant to regulations and are kept separately in segregated bank accounts. Meanwhile, along with the Financial Conduct Authority set of rules the Financial Services Compensation Scheme (FSCS) and the Investors Compensation Fund (ICF) in Bulgaria cover client’s funds in the unlikely event of Trading 212 default.
Means, every trader will be compensated if the company fails and eligible to get compensation up to GBP 85 000 through UK entity and the ICF Bulgaria compensation up to EUR 20 000.
Leverage, known as a loan given by the broker to the trader enables trading with a larger size than the initial invested capital is. The leverage significantly increases the potential of gains, yet works in reverse too, that’s why you should use leverage smartly.
As for the involved risks, recent regulatory updates from the European regulators and ESMA regime itself mandated European and UK brokers to set lower maximum leverage levels with a purpose to protect clients.
- Forex instruments and Currency Pairs leverage is set to a maximum of 1:30
- CFDs on Stocks, Indices and more up to 1:5 according to the instrument conditions
- Commodity CFDs offering up to 1:10
At the very beginning and to familiarize with the Trading212 platform which might be a bit complex for beginning traders, you may sign in for Free Demo Account and further to select suitable Live account conditions.
Pros Cons Fast digital account opening None Single Account for Live Trading Separate Account for Investing in Stocks, ETFs Free Practise Demo Account
|Fast digital account opening||None|
|Single Account for Live Trading|
|Separate Account for Investing in Stocks, ETFs|
|Free Practise Demo Account|
To simplify the choices, the broker provides only one account type for live trading and another specified account is designed for investment in Real Stocks and ETFs. By the investment on shares, you will be able to benefit from Fractional Shares offering and unlimited instant trades along with other benefits, which we truly like at Trading 212 proposal.
How to open Demo Account
It is not a complicated procedure to submit and sign for a Practise account, which we recommend doing since Trading212 bases on proprietary software that requires familiarization and some guidance before you trade in a real. Further on, you may easily switch between demo mode and Live Trading mode through your account area, which is very useful too.
A Step by Step guide on how to open an account
1. Click and load Trading212 Sign In page. You may also sign with an existing account on Facebook or Google.
2. Enter the required personal data (Name, email, etc.)
3. Receive access confirmation to your email and get to your account management area
4. Now you may enjoy your practice account with 50,000$ virtual
What is more great Trading212 offers very competitive and low fees with 0$ commission or additional fees which we will see further in our Trading 212 Review. Besides, according to the trader’s activity, trading volumes and initial capital the offering may vary and bring you even more competitive conditions, along with tailor-measured solutions.
However, since Trading 212 offering two ways of trading either Invest opportunity or trading CFDs, make sure you’ll check the correct proposal as fee conditions and terms may vary.
|Available options between floating and fixed spread only or commission charge||None|
|Low CFD fees|
|No additional costs or commissions|
|Stocks Free Trading|
Being an STP broker the Trading 212 fees considered to be on a very competitive level and offering some of the tightest spreads in the industry. The broker offers a range of markets while all trading instruments are commission free through CFDs and Forex trade, as well trading through Equities.
The Trading 212 Spread offers both fixed or floating spreads, however, zero spread trading enabled by Trading 212 on selected currency pairs from one account per client. The Cryptocurrencies are traded 24/7 and offering Bitcoin, Ethereum, Litecoin, Ripple and more speculation though floating spread with a margin of 10% and Spread of around 55. Check out details through an official site.
Our find on CFD Fees
Commodities brought to the trading opportunity with fixed or floating spreads too (e.g. the Natural Gas spread starts from USD 0.03), also starting from the minimum quantity of 1 and margins from 0.5%, which is quite competitive proposal among the industry.
Some of the popular instruments also based on the CFD basis you may see in the table below, which becomes obvious that Trading212 fees are set on a good level.
Comparison between Trading212 fees and similar brokers
Asset/ Pair Trading 212 Fees FXTM Fees AvaTrade Fees EUR USD 0.9 pips 1.5 pips 1.3 pips Crude Oil WTI 4.8 pips 9 pips 3 pips Gold 35 9 40 BTC USD 50 29 0.75% Inactivity fee Yes Yes Yes Deposit fee No No No Fee ranking Low High Average
Comparison between Trading212 fees and similar brokers
|Asset/ Pair||Trading 212 Fees||FXTM Fees||AvaTrade Fees|
|EUR USD||0.9 pips||1.5 pips||1.3 pips|
|Crude Oil WTI||4.8 pips||9 pips||3 pips|
Overnight Swing trading
A SWAP or overnight fee, which is usually charged once a position opened longer than a day calculated as per the particular instrument too. As an example for EUR/USD short position swap fee is 0.000002, while the long one will be an additional small gain to you trade, which is typical -0.000151.
For instance, you also may check out and compare Trading 212 fees with its peer XM.com.
So if you would like to invest and trade Stocks with Trading 212 you’ll definitely get a great deal. For a while already Trading212 offering Free Stocks and ETFs Trading with no commission charges. You may trade most expensive from stocks like Amazon, Apple and Google through fractional investing by a simple selection of either a number of shares you wish to trade or by the invested amount you define starting from 1$.
There is no any trick in that offering, simply Trading212 proposing traders a great opportunity and giving access to speculate on Shares fluctuations with no commission charges, alike other brokers typically do, which is definitely great.
Deposits and Withdrawals
Trading 212 offers several, the most common ways of depositing money into a trading account which will definitely support you in seamless money transaction to or from the trading account
Pros Cons Fast digital deposits, including Skrill and Credit Cards Deposit fee may be applicable Small first deposit Multiple Account Base Currencies 0$ free withdrawal Withdrawal requests take up to 3 days
|Fast digital deposits, including Skrill and Credit Cards||Deposit fee may be applicable|
|Small first deposit|
|Multiple Account Base Currencies|
|0$ free withdrawal|
|Withdrawal requests take up to 3 days|
So, in particular, you may use for your deposits the following methods
- Credit and Debit Card,
- Wire Transfer,
- Range of e-payments Skrill, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay
What is the minimum deposit on Trading 212?
To open an account with Trading 212 the minimum deposit amount to start trading requires either GBP 100, EUR 100 or USD 150. Making it a good option for beginning or various trading size traders as well.
Yet, be sure to verify deposit fee terms as depending on the method of payment and the currency of your trading account, there is a deposit fee between 0.7% and 3.5% is applied.
What is good, Trading 212 withdrawal fee is 0%. This means there are no any charges for withdrawal, yet the transfer via Bank wire or Skrill eligible to the bank/Skrill fees requested by the service provider itself.
The withdrawal methods are actually the same ones as deposit options, while withdrawal also typically processed by the same method as the deposit was done due to regulatory rules. Yet, check on the conditions with customer service as well, it is quite common that higher withdrawals than you initial deposits will be transferred to the bank account.
Can you withdraw money from Trading 212?
Yes, you can withdraw money from Trading 212 by a submit of a withdrawal request form, which you may find in your online account area under the money management tab.
As we see that Trading 212 caters to suit traders’ needs with the most convenient technology, the broker has chosen to offer a single proprietary platform. The platform provides a trading full variety of proposed instruments with an easy, user-friendly interface.
There is no need to download the program since trader can get access through any computer browser and use its Web Platform capability.
The platform developed with the purpose to make the trading process smooth, nevertheless featuring all necessary tools for analysis, viewing, charting, as well enhanced by a built-in economic calendar and a real-time news feed.
Pros Cons User friendly trading software No popular MetaTrader offered Mainstays at the proprietary software Versions for Web, Mobile and Desktop trading Trading 212 App for iOS and Android Fee Report Available of various languages
|User friendly trading software||No popular MetaTrader offered|
|Mainstays at the proprietary software|
|Versions for Web, Mobile and Desktop trading|
|Trading 212 App for iOS and Android|
|Available of various languages|
Look and feel
We found the trading platform with its clean and good feel for both market analysis and trading itself. Charting is clear and good to monitor, as well as intuitively you may find tools you need to use as well as to set necessary orders or so.
Mobile Trading Platform
Another great feature of the company is their trading applications that bring the freedom to trade anywhere. Free and simple to use apps suitable for iPhone and Android devices.
Pros Cons Trading friendly app suitable for Android and iOS None Easy to manage and navigate
|Trading friendly app suitable for Android and iOS||None|
|Easy to manage and navigate|
Placing an order is done through a menu or by a simple click on a tag through the chart itself. Of course, you will find all risk measures parameters setting you “Take Profit” or “Stop Loss” settings, further on your fee and order reports there is an option to adjust the position or even cancel it if applicable quite easily. So all in all, we like Trading 212 platform navigation and found the trading process quite comfortable.
Is Trading 212 App safe?
Well, Trading 212 as a regulated and reputable broker adheres to a good standard of operation in general and of course sets safety measures of its software on a high level.
Eventually, Trading212 Apps feature almost the same advanced trading experience as the desktop platform version but with more comfort available ‘on the go’
In fact, App being nominated as the best mobile app in the UK because of its emphasis on intuitive design and its powerful performance.
Another important note about a broker when you choose one is to consider its customer services, definitely, it is about customer care and how you will be treated at every stage while opening account, requesting a withdrawal or simply require some advice.
In this regard, Trading212 gains a good mark since its customer services standing at a professional level and supporting Live Chats, phones, email all available on multiple languages. You may be calm knowing that not only friendly advice but good quality answers will be provided fast and in a good matter.
|Trading friendly app suitable for Android and iOS||None|
|Easy to manage and navigate|
Definitely, to get the knowledge is one of the crucial parts in online trading, hence to get advanced education and practice trading with a test of the strategies is crucial for a successful start. Therefore, Trading 212 Demo account offering $10,000 in virtual funds allows trading without risk and time limitation.
Besides, the broker developed comprehensive educational materials including webinars and supporting sources designed to give you all the necessary info and analyze markets well. So this is a great benefit for beginning traders learn, meaning Trading 212 is suitable for trading newbies.
|Quick response||No 24/7 support|
|Availability of Live Chat|
The research and analysis tools, however, are rather limited at Trading212. Yet, you will find the economic calendar, News tab with all the freshest releases and updates, also Daily Analysis for numerous and major instruments.
Pros Cons Comprehensive Education Center None Multilingual education Demo Account Numerous Educational Videos Webinars
|Comprehensive Education Center||None|
|Numerous Educational Videos|
The Trading 212 Review presented us with a broker that is among the shortlisted companies offering zero-commission and bringing access to trade the stock market for many traders. In addition, Trading 212 acting as an agent hence offering some of the tightest spread in the industry.
Overall, Trading 212 is easy to use, yet a powerful trading solution, which is perfect for both beginning traders with benefits through excellent learning material and services provided by the company. Nevertheless, trading research tools might be not on a perfect level, yet it is not the worst scenario if to consider numerous other benefits you get.
Veteran traders will have their advantages too, along with competitive conditions, powerful technical trading side and again with a great multilingual, easy to reach company support.
And of course, we will be happy to hear and know your personal opinion about Trading212, which you may share in the comment area below.
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