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Trading 212 Review
Trading 212 is a new type of broker which emerged as fintech companies ventured out to grab market share from old school brokerage houses, democratize the financial markets, and make them more accessible to the masses. The result of these efforts was Trading 212, a revolutionary Forex broker that has developed an in-that now boasts over 14,000,000 downloads and has been ranked #1 in the UK since 2020 and #1 in Germany since 2020. Trading 212 became the first brokerage which offers zero commissions on trading equities, Forex, commodities and other assets.
Trading 212 has over 1,800 assets available which means every trader has a great deal of diversification possibilities when trading with this broker. Additionally, tight spreads and no commissions make Trading 212 a solid option for most traders. Great trading conditions explain why Trading 212 has enjoyed tremendous growth since it hit the scene, the major drawback is that short-selling on equities is not possible with this brokerage which is why many serious equity traders are likely to shy away from it. Short-selling enables traders to make money when an asset decreases in price and the inability to do so with Trading 212 may be its only flaw, but a major deal-breaking one for serious retail traders as well professional clients who seek to transact in equities. This does not apply to CFD trading.
Regulation and Security
Trading 212 is the brand name of Trading 212 UK LTD as well as Trading 212 LTD. Trading 212 UK LTD is registered in England and Wales with company number 08590005 and authorized ad regulated by the Financial Conduct Authority (FCA) under registration number 609146. Trading 212 LTD is registered in Bulgaria with register number 202059500 and authorized and regulated by the Financial Supervision Commission under registration number RG-03-0237. Client funds remain segregated from company funds and the UK regulator is known to be a top regulator.
Client funds are also protected by the Financial Services Compensation Scheme (FSCS) for Trading 212 UK LTD clients, which covers deposits up to £85,000, and by the Investors Compensation Fund or ICF Bulgaria for Trading 212 LTD, which covers up to 90% of deposits with a limit of €20,000. Given the current financial state of this broker, a default is very unlikely, and clients should feel secure when dealing with Trading 212; in the event of unexpected future issues all clients are well protected. As far are regulation, security and protection are concerned, Trading 212 has checked all boxes.
Trading 212 is one of the few brokers that offers zero commissions on trades which leaves the biggest portion of their income from spreads. In the Trading 212’s CFD account which is where forex CFDs are offered, the target spread for the EUR/USD is listed as 0.00009 or 0.9 pips which is pretty good considering no commissions are charged. Spreads vary from asset to asset and depending on the asset it can either be a variable spread or a fixed spread. Long and short swap rates also apply, and Trading 212 is very transparent about all costs which are listed on their website. This information can be easily obtained on their website in a well-organized list.
An inactivity fee is charged if no trading activity occurred for 180 consecutive days which is a downside of this broker. A withdrawal fee for bank wires will apply and third-party fees from payment processors should also be kept in mind. Since no commissions are charged and spreads are tight, the biggest cost factor for traders who intend to keep positions open for a prolonged period of time remain swap rates which apply daily.
What Can I Trade
Asset selection is great since Trading 212 offers over 1,800 assets to trade. This allows for great diversification and only professional clients who trade smaller equities in less capitalized markets will reach their limits. Generally speaking, most traders who will use this broker will find that they have access to a great deal of choices which allows them to operate a well-diversified, cross-asset portfolio. Note that cryptocurrencies are listed under the Forex umbrella. The full list of assets can be easily browsed on the Trading 212 website, but clients will find it easier to search the trading platform which includes all the information required. The openness and transparency of the asset selection on their website is a great example of how a broker should operate and another big positive for Trading 212.
Instead of traditional account types, Trading 212 offers three different accounts based on what clients want to trade. It’s important to note that account availability varies by geographic location. The type of account is the same for each trader which is in-line with its mission to democratize financial markets and treat everyone equal. It is worth pointing out that individual traders may qualify for certain bonuses, but traders need to contact support in order to get the details of any bonus which may be applicable to them.
The three different account types are: Trading 212 Invest, Trading 212 CFD and Trading 212 ISA. Trading 212 Invest offers traders to invest and trade in real equities where short-selling is not available. Trading 212 CFD is where most traders are expected implement their trades. Trading 212 ISA offers to take full advantage of tax-free trading up to a certain amount, but this type of account is only available to UK traders. All international clients will trade in the Trading 212 CFD account. The trading terms are essentially the same across all three account types. This Trading 212 review has focused on the Trading 212 CFD account as most traders will be managing their portfolios from this account type.
Below are the trading terms for the Trading 212 CFD account which are excellent. This broker is very transparent about all costs involved.
Since Trading 212 is a fintech company, it is only natural that this broker provides its own proprietary trading platform. Unfortunately, there is no specific information about the trading platform provided, but it is obvious that mobile trading is front and center while an image displaying a desktop version is available on their website. It would be nice if more information about the trading platform would be available, especially since it is an unfamiliar platform. A demo account can be accessed without registration to test drive the platform, but lack of information about the platform on the website is a misstep on the broker’s side.
Since we are left with scarce information, what we do know is that all normal trading operations are supported. It remains unclear, and unlikely, that third-party applications can communicate with the trading platform which rules out automatic trading with existing applications; no mention of APIs were made anywhere on the website. Given the information available makes the offered trading platform acceptable to new traders, but an unacceptable choice for established traders who have either created their own or purchased third-party software which they use as part of their trading routine.
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For many traders this means that no-commission trading comes at the cost of abandoning their existing software, which may be a price to steep to pay. Trading 212 is pushing its own platform as a complete solution and it has gathered plenty of attention as judged by the 14,000,000 plus downloads. Despite this, many traders use auto-trading software and they are left out unless they plan to invest more capital and create costly workarounds in order to take advantage of the great trading conditions offered at this broker.
Trading 212 does offer ProQuant which allows traders to create automated trading solutions, which could also be a limitation for new traders who want some help. This is the only known form to operate automated trading solutions with the Trading 212 platform which makes it an unacceptable choice for established traders. The desktop version is browser-based, with no downloads required. A browser extension is available.
ProQuant is the only way to operate automated trading solutions.
This is the Trading 212 browser version of its trading platform:
The unique feature at Trading 212 remains commission-free trading in over 1,800 assets across multiple sectors. There are very few other standout features offered by this broker. This broker focuses on clients who seek to trade free of commissions on their trading platform and sticks to the bread-and-butter business of brokerage operations. Trading volume is key for the profitability of this broker and all facts point towards a solid execution of their business model.
While Trading 212 manages a blog, updates are few and far between. The latest post was published more than six weeks before this Trading 212 review. This is another sign that operating their trading platform remains the focus with other services treated more as a hobby than as professional brokerage.
Research and Education
When it comes to research, Trading 212 does offer an analysis section which together with a news section and an economic calendar comprises the research capabilities offered by this broker. Once again, this is not an area Trading 212 pays too much attention and each analysis is limited to one paragraph which touches the basics. Where Trading 212 shines with its trading conditions, it fails with its research department.
In order to fully compete with top tier brokers, this is a section which clearly needs to be improved. Offering no commissions is a great start, but by no means should this be the end of what is offered. Currently, this is where Trading 212 stopped its own development which drags down the overall great core of this broker. It is worth to keep this broker on your watch list as services may expand in the future and add value to the overall end product offered to its clients.
There is an education section filled with videos on their official Youtube channel which promises weekly updated and has over 350,000 subscribers. This can be relevant for the millennial crowd which appears to be the target crowd for this broker.
The news section is updated through the day, but usually limited to one-to-two sentences and is more of a headline compilation service. The source is listed as Trading 212 and traders can get the link of the report, but at the time of this Trading 212 review the links didn’t work.
The economic calendar offered by Trading 212 is the one you will find at many outlets online and offers a nice overview of economic reports with the expected impact. Navigation is easy and the overall presentation is clean.
A one-paragraph analysis is hardly a professional approach to delivering an analysis to clients. It appears that only ten assets are covered, given the 1,800 assets available this is a major fail and it would have been better not to offer anything at all. This shows that Trading 212 is indeed a fintech company which is dabbling in a service industry it may not fully understand.
When it comes to education, more effort has been placed into this service. As younger traders love videos, Trading 212 has taken advantage of this and made its educational content available on its official Youtube channel which appears to be fairly popular. Content is added weekly which shows commitment.
This will most likely be the section of Trading 212 which most traders will never have to use, but there are some items which the broker asks clients to reach out for such as special promotions or bonuses which are granted on an individual basis. Traders can either call, send an e-mail or fill out the web form available on the website; live chat is also available. Support hours were not mentioned, but regular business hours can be assumed.
Bonuses and Promotions
No bonuses or promotions are offered, but they may apply on an individual basis and Trading 212, in their FAQ section under “Miscellaneous” state that traders should ask support through chat which is available on the website or directly from inside the trading platform.
Opening an Account
Traders will have to complete the online application which consists of a multi-step process. After new clients click on “Open an Account”, a pop-up appears and the process is started. A green progress bar gives new clients a rough idea of how many more windows they have to browse through and provide data. It would have been nicer if this process would take place in one window, but the required information is the same as with other regulated brokers in order to satisfy the AML/KYC requirements.
Deposits and Withdrawals
Trading 212 offers bank transfers, credit and debit card payments, Skrill, Dotpay, Giropay, and Direct eBanking as deposit and withdrawal options. Certain fees will apply for deposits and withdrawals as per their FAQ section. While bank wire fees are the norm, some brokers reimburse their clients for the costs in order to have zero costs with deposits, other deposit fees should only be on the side of the payment processor used. Bank wires are charged with a small and unnecessary €5 fee on top what the bank will charge.
Processing times are listed as 10 minutes for debit/credit card deposits and 2-3 business days for bank wires; for withdrawals to debit/credit cards and for bank wires the times are again listed at 2-3 business days. There is no mention on the other payment options. It would be nice for Trading 212 to offer a complete table with all costs involved.
Trading212.com Review: Is Trading 212 A legit Forex Broker?
Trading 212 Review: this is the name of a Forex broker that claims to be located in the United
kingdom. Is Trading212.com a scam Forex broker or a legit one? To find out if this a scam or legit broker, make sure you read this review.
We begin all our reviews by tracing the location provided by the company to find out if it is properly licensed and registered there. Trading 212 mentions that it is based in the United Kingdom and is licensed there by the FCA. We checked this and it was confirmed.
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The Trading 212 company is properly licensed by the Financial Conduct Authority (FCa0. This is the body that is in charge of Forex trading in the UK and all legit brokers are to be regulated by them. As a regulated broker, they are under some rules that must be obeyed.
Advantages of Trading 212
To guarantee that traders make profit, the broker mentions that it charges no commission and tight spreads. Trading instruments are impressive and cover all the major assets. There is negative balance protection as well and training videos as well as seminars.
It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.
However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.
Trading 212 Trading Platform
The trading platform that is offered by the Forex broker seems to be a web-based one. This is not encouraging as traders are advised to look out for MT4 or MT5. The MetaTrader platforms are commonly used because they allow the use of trading robots.
Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.
These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.
Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.
Trading instruments offered to traders are 165+ currencies, 10+ cryptocurrencies, and CFDs on 1600+ commodities including gold, silver and stocks. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.
Maximum leverage offered to clients is 1:30 and while this may not seem generous, it is advisable. High leverages can lead to huge loss of funds as well. Spreads are about 0 pips on the EURUSD pairs.
Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.
Deposit and Withdrawal methods on Trading 212
In order to make payments or withdrawals with this brokers, clients should use: Bank wire, VISA, MasterCard, Bancontact, CASHU, Dotpay, Giropay, SafetyPay, Skrill, and UnionPay. We find it encouraging that e-wallet transactions are allowed.
This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.
Minimum deposit required is $100 and this is within the obtainable average of $100 – $250 among brokers. Withdrawal fees are not disclosed and we prefer the broker to mention if they apply or not.
This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.
Is Trading 212 Licensed?
Yes. Trading 212 is a properly licensed and duly registered Forex broker in the United Kingdom under the commission of the FCA. This is an important aspect of our reviews and it is encouraging to find this.
Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.
In order to speak to a customer care agent or to contact the broker, dial: +44 20 3769 9897 or email: [email protected]
As a registered broker, we recommend that traders should consider this Forex broker as an option for investment. The trading instruments are impressive and the spreads are safe. Minimum deposit required for trading with Trading 212 is affordable but we do not find the trading platform offered encouraging.
If there is anything you would like to add to this review, you should make use of the comments section.
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Trading 212 Review
Regulation: FCA, FSC
Min. Deposit: 150 US$
Platforms: Proprietary Platform and Apps
Found in: 2006
Trading 212 Licenses
- Trading 212 UK Ltd – authorized by FCA (UK) registration no. 609146
- Trading 212 Ltd. – authorized by FSC (Bulgaria) registration no. RG-03-0237
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- Our Review
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- Trading 212 News
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
• Strictly regulated by the reputable FCA in the United Kingdom
• Wide range of instrument available including Forex and CFD Cryptos
• Great trading options for US and UK markets
• Professional platform with advanced tools
|• No multi-currency accounts
• Platform and general offering may be more suitable for professional or bigger size traders
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.
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 FCA
• Cross border licenses and global offering coverage
• Negative Balance Protection applied
|• Not listed on Stock Exchange|
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, 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 Trading212 platform which might be a bit complex for beginning traders, you may sign in for Free Demo Account and further to select a suitable Live account conditions.
|• Fast digital account opening
• 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 a proprietary platform which 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
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
To start live mode you will need to verify your personal data, as the broker will require your ID, residential proof, utility bill, etc.
Being an STP broker the Trading 212 fees considered to be on a very competitive level and offering some of the tightest spreads in 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 the margin of 10% and Spread of around 55. Check out details through an official website.
– Commodities brought to the trader with fixed or floating spreads too (the Gas spread from USD 0.03), starting from the minimum quantity of 1 and margins from 0.5%.
|Asset/ Pair||Trading 212 Fee Terms|
|Crude Oil WTI||USD 0.048|
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, check out and compare Trading 212 fees with its peer XM.com.
Deposits and Withdrawals
Trading 212 offers several, the most common ways of depositing money into trading account: Credit and Debit Card, Wire Transfer, as well e-payment Skrill, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay. 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.
To open an account with Trading 212 the minimum deposit amount to start trading requires either GBP 100, EUR 100 or USD 150.
The withdrawals are typically processed by the same method as the deposit was done, while Trading 212 withdrawal fee is 0%. Means there is 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.
As we see that Trading 212 caters to suit traders need with 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. 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 real-time news feed.
Another great feature from 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. Apps feature the same experience as desktop version but with more comfort, while being nominated as the best mobile app in the UK because of their emphasis on intuitive design.
Definitely, to get 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, as well as comprehensive educational material webinars and supporting sources that give you all necessary information to analyze markets.
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 support provided by the company. 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.
Best Choice For Beginners!
Big Sign-Up Bonus!
Free Trading Education!
Free Demo Account!
Only For Experienced Traders!