Table of contents:
- 1 About Trading 212
- 1.1 Regulation and deposit protection of the Online Broker
- 1.2 Previous reports about the Online Broker in the media
- 1.3 Deposits and withdrawals at Trading 212
- 1.4 Which tradable instruments are available at Trading 212?
- 1.5 Trading 212 Invest – Trading with shares and ETFs
- 1.6 Trading 212 CFD – Trading with CFDs
- 2 Which trading platform does the Online Broker provide?
- 2.1 Which order types can be executed on Trading 212?
- 2.2 Trading conditions at Trading 212
- 2.3 Trading 212 Invest – Trading Conditions
- 2.4 Trading 212 CFD – Trading Conditions
- 2.5 Trading 212 offers these tools
- 2.6 Offers for training and further education
- 2.7 Advertising campaign at Trading 212
- 2.8 The demo account at Trading 212
- 2.9 The customer service at Trading 212
- 2.10 Conclusion
- 2.11 What is the minimum Deposit?
- 2.12 What is the difference between trading with CFD and Invest?
- 2.13 How is trading 212 regulated?
- 2.14 Are there limitations while trading?
Trading 212 user-ratings: $1
Asset varierity - 10/10
Trading platform - 10/10
Support - 10/10
Fees - 10/10
Deposit/Withdrawal - 10/10
Facts about the company:
- Type: Equities and CFD Broker
- Regulation: FCA (UK), FSCS (UK)
- Minimum deposit: $1
- Demo account: Free
- Markets: 4000+ Equities, CFD, Forex, Commodities, Stocks, Indices, Cryptocurrencies
- No foreign exchange fees
- Fractional Share available
- No Commission
- Unlimited instant trades
- Free demo account without registration
About Trading 212
Online Broker Trading 212 is a British fintech company with headquarters in London. Trading 212 is the trading name of Trading 212 UK Ltd. and Trading 212 Ltd.
Characteristics for the provider is its modern app, with which physical shares as well as foreign exchange and commodities can be traded. Furthermore, Trading 212 is the first provider of commission-free stock trading in Great Britain. Meanwhile, the online broker can already record over 14 million downloads of its mobile trading app, which is one of the most popular investment apps worldwide.
Regulation and deposit protection of the Online Broker
If you are looking for an online broker, the first look should always be the regulation or deposit insurance of the respective provider. The regulation of Trading 212 UK Ltd. is ensured by the British Financial Conduct Authority (FCA). Since the FCA is known for its strict regulations, this speaks in any case for the seriousness of the online broker.
In order to be able to guarantee the security of customer deposits, the provider keeps them in separate accounts. In addition, customer deposits are also protected by the Financial Services Compensation Scheme (FSCS) and the Investors Compensation Fund (ICF).
In the event of insolvency, these deposits will be protected up to an amount of GBP 85,000.
Previous reports about the Online Broker in the media
On the website of Trading 212, you can find some excerpts of media reports from renowned websites and magazines about the Online Broker. For example, the provider was mentioned in an article by the famous Forbes magazine or by the British newspaper Financial Times.
Furthermore, there are also positive reports about Trading 212 from The Telegraph and the company Proactive Investors. If you are interested, the individual articles and reports can be accessed via the Trading 212 website. In addition, the online broker has held first place in the Trading Apps category in the UK since 2016. In Germany, Trading 212 also took first place in this category in 2017.
Deposits and withdrawals at Trading 212
Before we take a closer look at the range of services offered by the online broker, let us first take a brief look at the deposit and withdrawal options at Trading 212.
The provider offers its customers a number of different options:
- Bank transfer
- Credit and debit card payments
- Instant bank transfer (Direct eBanking)
- Google Pay, Apple Pay
Direct cash payments to the bank account of Trading 212 are not accepted.
While credit/debit card deposits only take around 10 minutes to process, bank transfer deposits can take up to two days. Withdrawals usually take 2-3 business days.
There are no fees for deposits or withdrawals with the online broker.
Which tradable instruments are available at Trading 212?
The next step is to discuss the range of tradable instruments available at Trading 212. Since every investor has individual preferences in trading, the selection of tradable instruments also plays a correspondingly important role.
The Online Broker divides its offer into two groups: On the one hand, there is Trading 212 Invest, which enables trading in physical shares and ETFs. And on the other hand, the Online Broker with Trading 212 CFD offers trading with CFDs on shares, forex, commodities, indices, and cryptocurrencies.
Trading 212 Invest includes, as already mentioned, trading in real shares and ETFs. The online broker presents its customers with more than 3,000 global shares and ETFs to choose from. In addition, there is also the option to purchase partial shares of large corporations such as Google, Amazon, and Apple for as little as 1 Euro, thus diversifying your own portfolio with a low financial outlay.
Another advantage is the fact that no foreign currency fees are charged for trading.
Trading 212 CFD – Trading with CFDs
As mentioned before, the range of tradable CFDs includes various underlying assets. More than 1,800 different instruments are now available.
The first thing to be mentioned in this context is trading in currency pairs. Trading 212 offers its clients competitive margins, more than 150 different currency pairs can be traded.
And a variety of stocks such as Lloyds, Apple, and Tesla Motors can also be traded as CFDs at Trading 212.
Many traders also rely on commodity trading to expand their portfolio and spread the risks. In addition to the classic commodities such as gold, oil, and silver, there are a number of other underlying assets to choose from.
And last but not least, Trading 212 allows you to trade more than 30 indices of main and niche markets.
Which trading platform does the Online Broker provide?
In contrast to many other online brokers, Trading 212 does not provide its clients with comprehensive trading platforms (such as the MetaTrader trading platform). Instead, Trading 212 clients trade via an in-house platform called Trading 212 Pro. A notable advantage of this specially developed software is primarily the fact that the online broker can improve the trading platform and correct errors at any time.
Customers can use the trading platform directly via the browser and access their trading account. Since it is therefore not necessary to download the software, users can trade on Trading 212 Pro from all end devices with Internet access.
The trading interface is clearly arranged and offers a wide range of functions. In addition, the trading platform is also available as an app for mobile devices, as already mentioned. At the time of writing, the app has been downloaded more than 14 million times from the App Store and Android.
Which order types can be executed on Trading 212?
Afterward, the order types that are available at Trading 212 will be briefly listed. The use of pending orders is possible in the following forms:
- Stop Loss Order
- Limit order
- Entry stop order
In principle, stop loss, take profit, and trailing stop orders can only be guaranteed during trading hours. Outside these hours, execution may be at a different price due to possible gaps. Limit/stop and OCO orders cannot be guaranteed if the volatility or liquidity of the corresponding market is too high.
Trading conditions at Trading 212
One aspect that always plays a central role in evaluating the services offered by an online broker is the trading conditions. For this reason, in the following, we will take a closer look at the trading conditions at Trading 212 for trading in shares and ETFs on the one hand and for trading in CFDs on the other.
Trading 212 Invest – Trading Conditions
The minimum deposit for a Trading 212 Invest account is only 1 Dollar, only for transfers the lower limit is 10 Dollars. As mentioned before, no fees are charged for deposits and withdrawals. The minimum payout amount is also set at only 1 Euro.
Now we come to the actual trading conditions: A special feature here is that traders do not have to pay any commission for trading at Trading 212. And there are also no fees for leaving a position open until the next day. Leveraged trading is not available.
|Leaving an open position for the next day:||No charge|
|Currency conversion charge:||0%|
|Minimum buy/sell order:||1 USD|
As a customer, you pay with Trading 212 as a basic principle only the spread of the respective trading instruments.
Trading 212 CFD – Trading Conditions
The trading conditions for the Trading 212 CFD account are slightly different. In order to trade CFDs, a minimum amount of 10 Dollars is required for both deposits and withdrawals. However, there are also no fees for deposits or withdrawals.
However, when trading CFDs, there are some other fees to consider. Although the online broker does not charge any commissions here either, a corresponding swap fee is payable for leaving a position open until the next day, depending on the instrument traded.
Unlike trading in physical shares and ETFs, CFDs also incur a currency conversion fee of 0.5%. The spreads charged for the individual underlying instruments can also be viewed individually for each trading instrument on the Trading 212 website. There are no inactivity fees with the online broker.
|Leaving an open position for the next day:||credit or debit your account on a daily basis with an interest SWAP|
|Currency conversion charge:||0,5 %|
|Minimum buy/sell order:||–|
Finally, a brief overview of the margin requirements for the respective trading instruments will be provided.
For major currency pairs – 3.33%
For minor currency pairs – 5%.
- Raw materials:
gold – 5%
Other raw materials – 10%.
20% of the total
Main indexes – 5%
Sub-indexes – 10%
Trading 212 offers these tools
In order to make trading easier for its customers, the Online Broker provides them with some tools on its website. These are to be presented in the near future.
Trading 212 is the first to publish current and relevant financial news on its website. Traders can use this news to react quickly and take appropriate actions in their own portfolio.
And the customers of the online broker can also access an economic calendar at any time. The provider provides various current events sorted by country and in the course of this also provides an assessment of the extent to which it assesses the influence of the respective news on trading.
In addition, Trading 212 also provides regular analysis of the various trading instruments on its website. In the daily analysis, the activities of these instruments (e.g. daily DAX analysis, daily EUR/USD analysis, etc.) are examined and evaluated daily.
Offers for training and further education
For many investors – especially for newcomers to trading – an area for training and further education is also very interesting. Trading 212 therefore also offers a relatively extensive range of opportunities for further training.
In addition to a number of detailed articles on the fundamental principles of trading, the online broker also offers its customers helpful information on technical analysis or the most important economic indicators.
Furthermore, there are a number of video tutorials on various topics that Trading 212’s clients can watch at any time. And last but not least, from time to time there are also seminars that take place, for which you can register on the Online Broker’s website for already fixed dates.
Advertising campaign at Trading 212
A special feature of Trading 212 is the advertising campaign from which customers of the online broker can benefit. As a user of a live account with the Online Broker, you have a corresponding recommendation link through which you can invite other interested traders.
If a new customer is referred to Trading 212 in this way, he/she will receive a free share as a reward, which is selected at random and can have a value of up to 100 Dollars. As a customer, you can purchase up to twenty free shares in this way.
The demo account at Trading 212
Trading 212 also offers the option to use a demo account. This is particularly suitable for those traders who want to try out the online broker and its platforms without financial risks. The demo version enables exactly this by offering trading under real conditions with a virtual credit balance.
For interested investors, the demo account is therefore a helpful way of getting to know the platforms and different trading instruments and testing their own trading strategies, regardless of their previous experience.
The customer service at Trading 212
Customer service also always plays an important role in the search for a suitable online broker. The service team of the provider offers live support and is available for its customers around the clock. If problems or questions arise, they can be easily contacted at any time by telephone or live chat. The support team at Trading 212 is generally reliable, competent, and customer-friendly.
|Telephone:||+44 203 769 98 97|
Finally, we would like to briefly review our experience with online brokers on the Internet. Even though the provider has not been on the market for so long compared to some of its competitors, there are already a large number of evaluations that, on balance, are predominantly positive.
In addition to the fair trading conditions and the wide range of underlying, Trading 212 also offers competent and reliable support. And the Trading app is also very popular with most customers. As a regulated and reputable online broker, Trading 212 is therefore a good alternative for all investors who are currently looking for a provider.
Most asked questions:
What is the minimum Deposit?
The minimum deposit differs between trading with Trading 212 Invest and Trading 212 CFD. While the minimum deposit of trading with Trading 212 Invest is only $1, the minimum deposit while trading with Trading 212 CFD is $10.
What is the difference between trading with CFD and Invest?
Not only the minimum deposit differs between both account types but also the use of leverage, trading instruments, and the shorting. Overall, you trade with CFDs with one account and with equities with the other account.
How is trading 212 regulated?
Trading 212 is regulated by the British FCA which makes sense due to Trading 212 headquarters that are based in London. Also, Trading 212 is protected by the FSCS and the ICF.
Are there limitations while trading?
Traders can trade whenever and how much they want. So, in this case, Trading 212 doesn’t set a limitation of orders per day whatsoever.