- What Is Trading 212?
- Products & Services Offered
- Is Trading 212 Regulated?
- Pros and Cons
- Account Opening Process
- Types of Trading 212 Accounts
- Trading 212 Trading Platforms
- Trading 212 Leverage
- Deposit & Withdrawal Options
- Resources Offered by Trading 212
- Mobile App
- Security Measures
- Customer Support
To get instant profits, most traders invest in CFDs (contract for differences) and benefit from the price differences between opening and closing trades. However, CFDs are complex instruments and there’s a lot of risks involved due to the rapidly changing leverage. Retail investors look for the best trading platforms to lower these risks and become successful day traders. Trading 212 is one of the best platforms for day trading and investing in CFDs, options, futures, and forex currency pairs.
Trading 212 Overview
|Headquarters||England and Wales|
|Product offered||Trading Platform, Forex Broker, Stocks|
|Minimum Initial Deposit||$1|
|Maximum Leverage||1:500 For Pro Account|
|MetaTrader 4 (MT4)||No|
|MetaTrader 5 (MT5)||No|
|Supported currencies||GBP, USD, EUR, PLN, RON, NOK, CHF, & More|
|Customer Support||24/7 Support, Email, Phone, & FAQ Section|
In this Trading 212 review, we will explore several aspects of this platform and understand how it helps retail investors around the world. Based on multiple reliable Trading 212 reviews, the following information provides an in-depth look at the Trading 212 platform.
What Is Trading 212?
Trading 212 is a digital platform that serves as an online broker for CFD and forex trading. With Trading 212, CFD trades can be executed to garner maximum profits and minimize the high risk of losing money. Trading 212 platform is designed to retail investors in lowering the high risk of losing money rapidly due to leverage placed on the CFD trades. Trading 212 is recognized as a global CFD and forex broker. It also enables the trade of stocks and ETFs.
Trading 212 brokers provide several trading services free of charge. As a service provider, Trading 212 is a registered and well-regulated company based in London. It has been in operation since 2004. Today, the platform “Trading 212” is helping clients from Europe, North America, and other regions as well. The corporate entity of Trading 212 is licensed under the Bulgarian Financial Supervision Commission (FSC). and regulated by the UK Financial Conduct Authority (FCA).
Trading 212 is widely considered a safe platform for FCA-regulated tradable instruments and markets. It is also considered a top-tier FCA-regulated service provider in the world.
Trading 212 Platform Interface
Features of Trading 212
Most features on the platform are designed to make trading CFDs with this provider easy. Today, most retail investor accounts lose money when trading CFDs. But, with Trading 212, CFD trades become efficient and are properly optimized with a plethora of features. Unlike other brokerages, trading CFDs with this provider is improved with benefits such as:-
- Charting tools.
- Low-cost trading fees.
- $1 min. deposit for opening an account.
- Financial safety of being an FCA-regulated broker.
- Extended support to e-wallets and several integrated payment gateways.
- No inactivity fees.
- No minimum limits on withdrawals.
The brokers accept bank cards, credit cards, and electronic wallets to make deposits and take withdrawals. Similarly, users can deposit funds in more than 9 base currencies from across the world. Due to these features, Trading 212 is a sought-after platform for retail investors.
Trading 212 Features
Products & Services Offered by Trading 212
As a brokerage service provider, Trading 212 also offers a wide range of products and services. These services lower the high risk of losing funds during CFD trades. In fact, retail investor accounts lose money when trading CFDs on several platforms. But, with Trading 212 services, the risk of losing money rapidly due to leverage placed on CFD prices gets decimated.
Among the top products offered, Trading 212 enables the trading of stocks, forex currency pairs, ETFs, and most importantly – CFDs. This CFD trading platform also protects new traders who lose money when trading CFDs. In this review, Trading 212 offers its CFD account holders several services to take profits from stock indices, stock CFDs, forex, and commodity CFDs.
With the help of the trading services of Trading 212, CFD trades become more accessible and profitable for everyone. Buying and selling these CFDs and profiting from the difference in the exchange prices of the specific underlying assets is practically easier on Trading 212. CFD trading services on Trading 212 also allow users to push their purchasing power and increase the investment capital with lucrative leverage. When an investor fails to understand how CFDs work, these services provide the needful assistance. They guide them to learn complex instruments and come to terms with their risks.
As a brokerage Trading forex CFDs is all about being at the right time to buy and/or sell currencies. There are more than 150 major currencies supported on Trading 212. Unlike other forex brokers, this platform offers a wide variety of forex currency pairs, including minor currencies as well as exotic currencies. However, the platform is not open for trading cryptocurrencies. Even so, users get insights into the changes in the markets of cryptocurrencies. Such insights can impact the profits of forex trades and forex CFDs.
The standard currency conversion charge on Trading 212 is 3.33% of the transactional amount. For major currency pairs, this margin requirement is fixed at 3.33%. However, the platform charges the trades of non-major currency pairs with a 5% conversion charge.
The forex trading services of the Trading 212 platform do not compel the users with any minimum traded quantity limits. This quantity varies for every currency pair. For example, the EUR/USD currency trading pair can be traded at the minimum quantity of 500 currencies. This trade will get charged at a margin rate of 3.33%. Similarly, a non-major currency pair such as the EUR/PLN pair has 5,000 as its minimum traded quantity on Trading 212, which charges a margin rate of 5% on these trades.
With the Trading 212 brokers account, it is easy to capture the open positions of popular commodities and precious metals such as gold. Trading 212 CFD account holders can access these services at low margin requirements. These requirements are based on the type of commodity (trading instrument) selected. For example, the margin requirement for spot trade on gold commodities is 5%. However, the same for other commodities go up to 10%.
Trading 212 CFD account holders can also explore more services on commodities and how to trade energies, agricultural products, and precious metals. Additionally, users can also invest in commodity futures such as Chicago SRW Wheat-14Jul21 or Crude Oil-19Nov21. These futures trading options for commodities require a minimum order size from 0.001 and 1.
Trading 212 brokers investors get the best services when it comes to stocks trading. They can trade thousands of stocks listed on major stock markets around the world. The platform supports stocks listed on the London Stock Exchange and the NYSE. It also provides access to stocks on NASDAQ and SIX Swiss Exchange. Hence, trading the stocks of almost all companies is possible on Trading 212. Buying and selling stocks from the FTSE 100 and S&P 500 index is also easy here. In addition to this, the platform helps in the segregation of best stocks from the heaps, especially from mainland Europe and Hong Kong.
People can also trade CFDs for their stock indices. This is useful for indices such as EURO STOXX 50 or Germany 30. Such trades translate into diversified profit generation streams for a stockbroker. Trading 212 also offers commission-free stock and ETF trading services. These services are available on the Trading 212 Invest account and Trading 212 ISA account.
Trading 212 ISA and Invest accounts, collectively, provide access to more than 10,000 stocks and ETFs. For Invest account holders, these services help in improving their investment portfolios. Trading tools such as AutoInvest are further used to build better and effective investment plans for the traders. These trading services understand the trading needs of users and align their objectives with data-powered tools.
Automated trading services are also available for stock traders on Trading 212. With these services, the users can instantly deposit funds and invest in the trades to make profits in no time. These quick and automated investment trading tools are available for each stock and ETF trade.
AutoInvest is a trading tool that serves as an integrated product of the Trading 212 platform. This product helps in investing funds into fractional shares. The product accepts investments from just $1. With this, Trading 212 helps small-time traders and newcomers purchase a fraction of costly and high-value shares of companies such as Amazon, Apple, and Google. These top-tier stocks help them make 100x more money against their dollar investment.
Trading 212 Products & Services
Is Trading 212 Regulated?
Yes, Trading 212 is a fully-regulated trading services provider. As a platform, all operations on Trading 212 are closely monitored by regulators in Bulgaria and the UK. The company is registered as Trading 212 UK Ltd. It is considered one of the few trusted brokers registered in England and Wales. Currently, the company is fully authorized to provide its services under the UK regulations set by the Financial Conduct Authority. Similarly, the corporate entity is also registered in Bulgaria, wherein it is deeply regulated by the Bulgarian Financial Supervision Commission.
Trading 212 company meets these regulations without adversely impacting the clients’ funds. It stores and manages the funds of its clients and customers separately from its company funds. All funds of the customers are protected under the Financial Services Compensation Scheme (FSCS). Under this scheme, Trading 212 offers a funds security for every user, protecting their £85,000 worth of funds. In Bulgaria, 90% of the deposits made by the users under an upper limit of €20,000 are secured under the Investors Compensation Fund of Bulgaria.
Is Trading 212 Regulated in Canada?
In recent news, Trading 212 Canada operations are set to be axed in 2021. Trading 212 is not allowing Canadian users due to regulatory restrictions. International trading compliances of Canadian authorities are likely to have become a roadblock for this platform.
On top of that, this UK-regulated service provider does not accept users from other parts of the globe. It also refuses users from remote markets such as the American Samoa region, Belgium, and the Democratic People’s Republic of Korea (DPRK). It does not accept users from Guam, Northern Mariana Islands, Northern Cyprus, Turkey, Puerto Rico, United States Virgin Islands, and the United States of America.
On a side note, Trading 212 is a provider you should consider because of its robust regulatory stance. You will use this brokerage platform to not losing your money. It is completely protected and Stops you from losing your money on unsafe platforms.
Trading 212 Review: Pros and Cons
Trading 212 brokers offer commission-free stock and ETF trading services, which is a plus point. The account opening on this platform is digitally done. It is a straightforward process and gets registered quickly. Moreover, Trading 212 web and mobile trading platforms are designed to be easy to use. Such benefits highlight why people use Trading 212 actively. However, some traders have noted a few negative sides to Trading 212. The limited product portfolio, where some popular asset classes are missing, is a big downside. There is also the lack of phone-based and live chat-based customer service. Another drawback of this platform is that the forex fees are high. Let’s get to know such pros and Cons of Trading 212 in depth.
|People can easily trade stocks, forex pairs, ETFs, and commodities with a 0% commission rate and all at competitive leverage spread.||The Trading 212 customer service is not effective. Customer support teams cannot be contacted via live chat or telephone.|
|Trading 212 offers three trading accounts. These include the CFD trading account, the Invest account, and the Individual Savings Account (ISA).||The leverage on Trading 212 spreads is above the industry average.|
|Trading 212 client funds are safely held in segregated bank accounts across the UK and protected for £85,000 cover under the FSCS.||There is a severe lack of fundamental data on the platform.|
|Users can trade over 2,500 CFD instruments, in addition to forex pairs and indices.|
|It has a top-rated mobile trading app, which runs trades of over 15 million active mobile users. The app is also compatible with both Apple and Android mobile operating systems.|
|Trading 212 investment strategies and operations are duly regulated by the UK’s Financial Conduct Authority (FCA), which also provides negative balance protection.|
|To place different order types, Trading 212 invest features allow the execution of stop orders, stop-loss orders, and take profit orders. All these orders are available at the click of a button. These orders can be mastered with the help of a wide range of educational services on the Trading 212 YouTube channel.|
|Automated trading is also available with the AutoInvest tools.|
|On Trading 212, invest from just $1 and the user gets to profit from fractional share trading.|
|It also provides trades on over 10,000 real stocks. ETF trading is more profitable with the Trading 212 Invest account.|
|The platform also supports multiple payment options for deposits and withdrawals.|
Trading 212 Account Opening Process
Accounts on Trading 212 invest can be opened from any part of the world except, the US and Canada. These notable exceptions are a major challenge for US or Canadian traders. The account opening process is fully digital and easy to follow. A new trading account holder needs to be verified, which is done in one business day. The platform also runs tests when the necessary documents are uploaded. These data tests take 3 business days for opening the account.
Trading 212 Registration Process
To register and open an account at Trading 212 invest, follow the steps below:-
- Go to the website and click on “Open Account”.
- In the dialog box, enter the country of residence.
- Add personal details such as name, email address, phone number, and date of birth.
- Also add tax information in the next step, particularly specifying the country where the user pays taxes. Providing a tax ID is also important.
- Next, select the account type and also choose the account base currency for deposits and withdrawals.
- Answer a few questions on the financial situation and provide employment status along with trading experience.
- Click on the tick to “Accept the Terms and Conditions” and click on submit to activate the account, which will be done after verifying identity documents and residency documents.
To activate the trading account, a Know Your Customer (KYC) process takes place. This digital verification process is done for identifying the users’ documents submitted to Trading 212.
- Proof of identity – Any national ID or Passport or valid Driver’s license.
- Proof of address – A regulated bank statement or residency utility bills of the last three months.
Trading 212 Account Opening Process
Types of Trading 212 Accounts
The minimum deposit with Trading 212 is just $1, but the platform still offers three types of accounts. Every account holder can choose these accounts based on their trading needs. These types of accounts are great for customers who are interested in starting trades at a small scale and then investing large amounts as pro traders.
Among the account types, CFD Account is available to users from all supported countries. It is mainly used for trading CFDs exclusively. The minimum deposit requirement is $1.
This account type is accessible in all countries and provides trading of real stocks and ETFs at a minimum deposit of $10.
This account is for UK residents only and offers real stocks and ETFs trades at a minimum deposit of $10.
Trading 212 Trading Platforms
The website offers a simple trading platform that can be used by novices and professionals. As a platform fee, Trading 212 invest does not charge any additional costs to the users. Here are some key platforms available on the Trading 212 web app.
AutoInvest Trading Tool
Auto Invest is an automated trading investment tool. It is used for helping users automatically invest in available funds. The tool helps in selecting parameters for the automated trades. There are no fees charged for using this platform. These tools also have no minimum account requirements.
Trading 212 Forex App
Trading 212 forex app is an additional tool on the platform. It has lots of benefits for forex traders. Trading 212 offers its traders the broadest range of asset types, all for free. No commission is charged for using the app. This app also helps new traders to make a significant profit in their trades after entering into forex marketplaces. People new to the trading platform can use this app for making forex trades simple and user-friendly. This Trading 212 mobile trading app is easy to navigate and offers intense levels of trading. Only people from the United States and Canada are not allowed to access this app.
Trading 212 Options Trading
No, options are not available on the Trading 212 platform. Trading 212 offers no features related to the trades of options. It is advised that the traders should seek an alternative broker if they are aiming to get the best brokers for options trading.
Trading 212 Leverage
In this Trading 212 review, the users can surely find good news in terms of leverage. There are a variety of investors using the three account types of this platform to experience the benefits of their respective leverage spreads.
The CFD account allows good leverage on trades from all major markets. It provides industry-level leverage on 2,500 instruments, which include stocks, ETFs, forex, and indices. Leverages on these trading instruments are charged with zero commission. The users have to pay for the competitive spreads only.
A typical trade on Trading 212 involves buying an instrument at a leveraged position. The user will be holding this instrument for one week and then selling it. In such a scenario, a $2,000 position of a stock index and a stock CFDs can be leveraged to $20,000 during the sale transactions.
- 20:1 is the leverage for stock index CFDs.
- 5:1 is the leverage for stock CFDs.
- 30:1 is the leverage for forex trades.
Trading 212 Fees
In this Trading 212 review, we understood that the platform is known for charging zero fees. Based on several Trading 212 reviews, the Trading 212 fees on forex trades, however, are high. When Trading 212 fees are compared with other similar brokers, there is an objective difference in their products offered. The client profile and fee structure on Trading 212 are simple. With a simple rundown, Trading 212 users can get a clear overview of the trading fees.
The Trading 212 trading fees on other instruments are set at an industry average. Trading 212 displays its fees transparently. It clearly publishes these details on the website. Daily swap rates can also be easily accessed through this trading platform. Also, no monthly charges or annual maintenance fees are applicable for Trading 212 clients. Get more detail of its fee structure by visiting its fee page.
Trading 212 Deposit & Withdrawal Options
With Trading 212, free share purchases can be possible as the accounts operate on a $1 minimum deposit. Trading 212 minimum deposit is kept so low to create an entry for new people in the markets. Trading 212 also charges low non-trading fees and does not charge any inactivity fees or high withdrawal fees, which makes deposits and withdrawals cost-effective.
According to this Trading 212 review, depositing to the CFD trading accounts is easy from bank transfer. Invest accounts, on other hand, help in making deposits free of charge. A 0.7% deposit fee is charged if the deposit exceeds €2,000 in total. Invest account holders can use Credit cards, Debit cards, and electronic wallets to make these deposits.
A 0.5% currency conversion fee is levied on CFD trades and forex trades. This currency conversion goes up to 0.15% for ETFs and real stocks. Currency conversion charges also vary on assets of the denominated currencies besides the account base currency.
Trading 212 deposits are mostly free and super fast. They can be done instantly without any negative side. However, only a few base currencies are available in each country. The accepted account base currencies on Trading 212 for deposits include GBP, USD, EUR, PLN, RON, NOK, CHF, CZK, and SEK. USD is the primary base currency used for deposits. The platform also supports these deposits via e-wallets, namely:-
- Google Pay
- Carte Bleue
- Direct eBanking
- Apple Pay
Some of these electronic wallets are not available in every country. However, one of these e-wallets is available in most countries. Hence, a bank transfer is a good way to make deposits on Trading 212. It takes a few business days but deposits with credit cards and debit cards are also instant alternatives.
Please note the users can only deposit money from accounts with their own exact name.
In this review, Trading 212 withdrawal fees are mostly zero. With the same options used for depositing funds, the users can withdraw their profits from Trading 212. The withdrawal fees on debit card withdrawals are average and take one business day. But, withdrawing money directly into accounts in the users’ names is the safer option.
How to Withdraw Money from Trading 212?
- Log in to the Trading 212 account.
- Select ‘Manage funds’ under the menu options.
- Enter the password for access.
- Select the withdrawal amount and the currency.
- Click on Confirm to place the withdrawal request.
Resources Offered by Trading 212
As per this review, Trading 212 provides some of the most comprehensive web-based trading resources. They are quite useful for CFD and stock trading strategies. A great feature of this trading platform is managing these resources in the form of intuitive charts and windows on a single screen. The watchlist on the sidebar is also a good resource to monitor all these charts and quickly place orders in the same tab.
Technical charting resources on Trading 212 are excellent. When it comes to charting, this is surely the provider you should consider. More than 60 technical indicators such as Bollinger Bands and MCAD are analyzing complex instruments and come with dynamic parameters. An investor can also choose between different chart styles such as Heikin-Ashi, candlestick, or line charts. Based on specified time intervals, these charts display information from one minute to one month. Trading 212 charts are a great feature to work as pattern identification tools. By analyzing these charts, users can run pattern identification algorithms and identify the patterns of bullish and bearish trends. Trading 212 charting resources also outline the trades with drawing tools like Elliot wave and Fibonacci retracements. Moreover, one can save their custom charts with the desired modifications as templates for reuse.
As a resource, new traders can explore the free practice account or demo account. This demo trading resource offers virtual funds worth £50,000. This practice account is mainly used to test trades in a simulated risk-free trading platform environment.
Trading 212 Mobile App
As per the Trading 212 review, the mobile application provides fair use to clients. The information on the app is easy to understand in its graphical formats. The swipe gestures help in switching between tabs and trading instruments. The app helps in setting price alerts and gaining access to exclusive trading forums. Trading reports and training videos are also available on the mobile app. A demo account is available for the Trading 212 mobile app which allows the users to test trades on all the supported instruments.
Trading 212 Mobile App
Trading 212 Security Measures
Despite the low fees, Trading 212 is still a safe platform. It is authorized and regulated under the UK Financial Conduct Authority to provide its services. Besides the fees, Trading 212 is responsible for its service modifications under the Financial Supervision Commission in Bulgaria. This CFD broker is a safe option for trading across all asset classes. All funds of the clients are stored in segregated bank accounts. Client money is kept separate from the company’s capital funds. To liquidate its shares, Trading 212 offers segregation of client funds and guarantees client fund protection.
If the broker goes kaput, the FSCS compensation plan covers its clients for up to £85,000. The ICF Bulgaria compensation also adds another cover of £20,000 and provides negative balance protection.
Trading 212 Security Measures
Trading 212 Customer Support
Customer support by Trading 212 is not up to the mark. It is an important feature for any trading platform, but the support team is not as responsive as the alternatives. Phone calls, emails, and contact pages on the site are not great in terms of response. The live chat window is also inactive most of the time. However, the FAQ section is quite resourceful. Trading 212 also offers support in different languages apart from English, which includes German, Spanish, Dutch, Italian, French, Serbian, Polish, Swedish, Norwegian, Russian, Czech, Turkish, Romanian, Chinese, and Arabic.
Trading 212 Customer Support
Trading 212 Review: Conclusion
As per this Trading 212 review, we can surely say that Trading 212 is a very user-friendly platform for CFD traders. It is built for beginners but has in fact several tools designed for pro traders. The reliable forex broker is available on mobile and web-based devices. Several Trading 212 reviews highlight the limitations such as no short-selling option, which may be a downside for some traders. All things considered, Trading 212 offers enough features to trade over 1,800 assets with a transparent pricing plan.
Here are the answers to some common queries on Trading 212.
Is Trading 212 Good for Beginners?
Yes, the platform is designed to make CFD trading easy for beginners.
Can You Withdraw Money from Trading 212?
Yes, Trading 212 allows withdrawals via bank transfer, debit cards, and e-wallets.
Is Trading 212 Really Free?
Trading 212 is essentially free due to its low trading fees and zero commissions.
What Is the Minimum Deposit on Trading 212?
$1 is the minimum amount allowed for depositing on the platform.
How Long Does It Take to Put Money into Trading 212?
It takes from 1 business day to two or more business days, based on the deposit options.
Why Can’t I Withdraw Funds from Trading 212?
Users may fail to withdraw funds when the withdrawal requests exceed the available account balances.