Trading 212 Review
Trading 212 is a fintech company based out of London, United Kingdom. The Trading 212 platform is one of the most popular free trading apps in the world with over 14 million downloads. It has been the United Kingdoms and Germanys #1 trading and investing app according to the number of downloads, with a very high rating from 40,000+ user reviews.
Trading 212 have been recognised in the press for offering zero commission trading on over 2,000+ instruments across multiple asset classes including stock, forex, cryptos and more. They have been featured in respected publications such as Forbes, Financial Times, The Telegraph & The Independent.
The Trading 212 mobile platform is powerful and user friendly, making it easy to use for all levels of trader. One of the key features is the no hassle commission free trading and investing they offer. Through the one app users can trade and invest multple markets.
Pros / Cons
- Strict regulation
- Segregated client funds
- Financial Services Compensation Scheme (FSCS)
- Commission free trading
- Intuitive trading platform
- Low minimum deposit
- No US clients
- Limited leverage for non-professional clients
- No MT4/MT5
Trading 212 Regulation
Trading 212 is a trading name of Trading 212 UK Ltd. and Trading 212 Ltd.
Trading 212 is authorised and regulated by the FCA (Financial Conduct Authority) in the United Kingdom with register number 609146.
Trading 212 Ltd. is authorised and regulated by the Financial Supervision Commission (FSC) in Bulgaria with register number RG-03-0237.
In order to ensure safety and comply with regulations, Trading 212 keep client funds in segregated bank accounts. They are covered by the Financial Services Compensation Scheme, FSCS (Trading 212 UK Ltd.) and the Investors Compensation Fund, ICF Bulgaria (Trading 212 Ltd).
In the unlikely event of default, eligible clients may be entitled to compensation if the company cannot fulfil its obligations. The FSCS compensation provides cover of up to £85,000 and the ICF Bulgaria compensation is up to 90% but limited to €20,000 of the client’s funds.
Trading 212 keep your information protected by implementing the industry’s best practices. They perform regular security metric tests and scans of their applications and infrastructure to ensure your data remains secure.
The company governance, financial, business, and IT processes and systems are audited by Grant Thornton. They have a dedicated 24/7 security operations centre which monitors and analyses the traffic and alerts to protect clients in real-time. They also participate in a bug bounty program which rewards researchers for submitted reports. Top execution venues and quality of execution reports are readily available to the public from the Trading 212 website.
Trading 212 Countries
Whilst Trading 212 welcome clients from most countries, they are unable to provide services to residents of the United States or any other countries and jurisdictions where there are certain restrictions in place.
Trading 212 Trading Platforms
Trading 212 provides mobile trading apps for iOS and Android devices. To access the mobile apps on your device, you need to download them from the relevant app stores.
You can also trade via the Trading 212 web platform that runs directly in most modern web browsers without needing to download or install any additional software.
The Trading 212 platform is powerful with an intuitive and fully customisable interface. It has smooth and easy to use charts for conducting technical analysis, with an abundance of trading tools.
You can view any instrument and place trades at the click of a button. There are tutorial videos and demo practice accounts to help you familiarise yourself with the platform. Some of the main platform features are:
- Real time price feeds
- Watchlists for your favourite trading instruments
- 10 timeframes ranging from 1 minute to 1 month
- 5 chart types (bar, candlestick, line, area & heikin-ashi)
- Technical analysis tools (indicators & graphical objects)
- Sentiment analysis
- Price alerts
- Latest market news & analysis
- Economic calendar
- Video tutorials
- Pro Quant (automated trading strategies)
Trading 212 Trading Tools
Most of the trading tools are built directly into the impressive Trading 212 platform and accessible from the mobile app or web platform. In terms of standalone trading tools, the website has an economic calendar to stay up to date with the latest market happenings as well as sections dedicated to news releases and market analysis.
Trading 212 Education
Trading 212 have a popular YouTube channel with over 300k+ subscribers and hundreds of frequently updated educational videos to help increase your trading knowledge. The videos are fun and easy to digest, covering a wide range of topics from the different types of markets, trading strategies, technical analysis, fundamental analysis, how to guides and much more.
The Trading 212 website also contains a section dedicated to learning materials. There are trading guides for all levels of traders including an explanation of the different trading modes available, how to use charts, glossary and economic indicators.
Trading 212 Trading Instruments
Trading 212 have a wide range of trading instruments, offering 2,000+ stocks and ETFs with 1,800+ instruments available as CFDs. They cover multiple asset classes including stock, forex, cryptos, commodities and more.
Traders can access popular global stocks such as Lloyds, Apple, Amazon, Tesla Motors, Facebook and many more. Commodities including gold, oil, silver and more are available for trading. Cryptocurrencies include Bitcoin, Ethereum, Ripple, Litecoin, and more. There are also more than 30 global indices in major and niche markets available to trade.
Trading 212 Trading Accounts & Fees
Trading 212 offer a CFD or investing account which you can easily switch between at any time using the click of a button. They also provide a free lifetime practice account with virtual money which you can use to familiarise yourself with the platform and trade risk free.
Trading 212 Invest
Trading 212 provide investing in 2,000+ stocks and ETFs with no commission, no inactivity fees, no maintenance charges and no limits. They deliver immediate execution on leading exchanges, delivering the best possible prices via direct execution and smart routing.
The minimum deposit amount for this account type is €1 / $1 / £1. There is no charge for leaving an open position for the next day and no depositing fees. The minimum trade quantity is 1 share.
Trading 212 CFDs
Trading 212 offer CFD (contract for difference) trading on 1,800+ instruments across major markets including stocks, forex, cryptos, commodities and more. There are no commissions or hidden fees on CFDs and spreads are competitively tight on more than 150+ pairs. You can set your stop loss and take profit. Trading conditions are transparent with instant execution and negative balance protection on accounts.
The minimum deposit amount for this account type is €29 / $29 / £29 and there are no depositing fees. For your open positions, margin requirements will vary depending on the instrument and Trading 212 will credit or debit your account on a daily basis with an interest swap.
Leverage of up to 1:300 for CFD trading is available for those who qualify as professional clients. To qualify as a professional client you must meet 2 out of the 3 following criteria:
- Personal portfolio of greater than £500k (not including property or cash)
- Verified history of trading significant volumes (down to broker discretion)
- Work experience in a professional financial position
Trading 212 ISA
Trading 212 also enable clients to invest tax-free in a zero commission stocks and shares ISA. The minimum deposit amount for this account type is £1. There is no charge for leaving an open position for the next day and no depositing fees. The minimum trade quantity is 1 share.
Trading 212 Customer Service
Trading 212 have a 24/7 customer service team who are very rapid to respond, usually within seconds. They can be reached via phone, online chat and email. There is also a frequently asked question (FAQ) section on the website that covers many of the most commonly asked questions along with detailed answers.
Trading 212 Deposit & Withdrawal
Trading 212 accept a range of convenient funding methods including bank transfers, credit/debit card payments, Skrill, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay. They do not accept cash payments paid directly into their bank account.
Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal.
If you are using credit or debit card, your account will usually be funded within 10 minutes after approval. If you fund via bank transfer it can take up to 2-3 business days.
Withdrawals usually take 2-3 business days for you to receive money on your bank account or credit/debit card. Some withdrawal methods such as online payment processors can be instant.
Trading 212 do not charge any fees or commissions for withdrawals although some fees may be charged when using certain payment methods. Be aware that some banks may charge you a bank transfer fee and Trading 212’s bank applies a fee of €5 or the equivalent in other currency.
Accounts can be opened in USD, EUR, GBP. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
For security reasons, you will need to use the same payment method for withdrawal that you have originally used for your deposit. Trading 212 strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your trading account.
Trading 212 Account Opening
Opening an account with Trading 212 is quick and easy. There is a short online form to complete and you will need to upload some form of identification (e.g. passport or drivers license) and proof of address (e.g. utility bill no older than 3 months). Once your documents have been approved and you have passed the KYC checks, you will be able to fund your account and commence trading.
Trading 212 Conclusion
Trading 212 is a very popular mobile trading platform that has a vast range of trading instruments across multiple markets. They offer flexible zero commission trading on a powerful and clean platform that is easy to use for traders of all skill levels. The company has strict regulation and security in place to give clients peace of mind. Customer support is also prompt and friendly.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.