Trading212 Review
Trading212
Trading212 is a fintech company and broker that offers a wide range of trading options including Stocks, ETFs, Forex, Commodities, and more. Their website is impressively well-implemented, providing easy access to information and featuring highly responsive buttons. In addition to offering CFDs, Trading212 has an investing section specifically for buying and investing in stocks.
With a Trustpilot score of 4.6, Trading212 has gained the trust of millions, boasting 2 million trading accounts and over 3 billion dollars in client funds. Their mobile app has been downloaded more than 14 million times, achieving the coveted title of the #1 trading app in the UK in 2016 and Germany in 2017.
Regulation-wise, Trading212 stands out as a well-regulated broker, overseen by the Financial Conduct Authority (FCA) of the UK, the Financial Supervision Commission (FSC) of Bulgaria, and the Cyprus Securities and Exchange Commission (CySEC).
For convenience, Trading212 offers modern payment options such as Google Pay and Apple Pay, and all withdrawals are free of charge. Their commitment to user experience extends to their active YouTube channel, where they consistently upload new videos covering various trading topics. The community page features valuable trading ideas, articles, and chart analysis.
One notable feature of Trading212 is the ability to buy real stocks within seconds, without any commissions. They also support Autoinvest, allowing users to automate their investments. However, it's worth mentioning that live chat support is not available, which is a common occurrence among brokers based in England.
To ensure the safety of client funds, Trading212 utilizes segregated bank accounts in case of insolvency and provides insurance coverage of up to 85,000 GBP.
Countries
Afghanistan, Albania, Algeria, Andorra +173 more
Regulations
CySEC, FCA UK, FSC Bulgaria
Account currencies
EUR, GBP, USD
Assets
CFDs on Stocks, Crypto CFDs, ETFs, Energies, Indices, Precious metals, Soft Commodities, Stocks
Platforms
Custom
Deposit methods
ApplePay, Bank Transfer, Credit Card, Google Pay
Others
Segregated accounts, Demo account, Exotic Pairs, Fast withdrawals, High leverage, Lowest minimum deposit, Micro Lots, Negative balance protection, Part of compensation scheme
Promos
options.promos["Referral promotions"]
Visit brokerAt Trading212, you have the option to open two types of trading accounts: an investing account and a CFDs account. The investing account allows you to invest and trade in over 12,000 global Stocks & ETFs. These assets consist of real stocks and fractional shares of various companies. The minimum deposit required for this account is just 1 Euro. Notably, there are no trading commissions or custody commissions charged for Trading212 investing accounts. However, when trading instruments priced in a different currency than the trader's account, there is a 0.15% FX fee. Additionally, traders receive interest on their unused funds in the investment account, with rates of up to 1.65% for GBP, 1.25% for EUR, and 1.9% for USD.
On the other hand, the CFDs account is designed for leveraged trading and allows trades in both directions. It offers Forex and other instruments for trading. All retail CFD accounts are protected by negative balance protection, ensuring that traders cannot lose more than their trading account balance. Trading CFDs incurs no hidden fees, and spreads are kept tight. There are no commissions charged for CFDs trading accounts. Spreads for popular pairs like EURUSD start from 1.1 pips, which is in line with the industry average, while other majors like GBPUSD start from 1.4 pips.
Trading212 provides proprietary trading software apps for mobile devices, equipped with advanced features. Traders can analyze charts on the go and set up the auto-invest function within the Trading212 mobile apps, offering flexibility to over 2 million users. The app also includes built-in community and feed functions, enhancing the trading experience.
Overall, Trading212 is a solid choice for both investing and trading in shares and ETFs, even with a modest budget. Additionally, the broker offers a wide range of CFDs for trading. The added benefit of receiving yearly interest on unused funds further strengthens Trading212's appeal as a primary broker.
