Trading212 Review

Trust Score
3.2

Min Deposit

$150


Leverage

200:1


Deposit Bonus

Regulation

  • FCA

  • CySEC

Platform

    Trading 212 is a disruptive and innovative fintech company that’s democratizing the financial markets by enabling anyone to trade equities, currencies, commodities and more. In the following review we discuss the aspects that make up this broker and how its so disruptive and innovative.

    Introduction

    Trading 212 was only founded in 2016 but has since grown to be a respected and trusted online trading broker in the UK and Europe. The brokerage is owned and operated by Trading 212 UK Ltd. and is a registered trading brokerage in England and Wales. Trading 212 is very competent in the services they offer and are a safe brokerage to deal with due to their regulatory compliances. They are regulated by the Financial Conduct Authority (FCA) with registered number 609146. Also, they are regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 290/16. Another regulation is by the Financial Supervision Commission in Bulgaria. The brokerage is very user friendly and has a strong emphasis on customer experience.

    Products

    Trading 212 provides traders with a wide array of tradeable instruments to choose from in multiple markets. Traders can participate in the trading of over 270 Forex pairs, Commodities, 100 Stocks, over 20 Indices, Equities, and Bitcoin.

    Trading Conditions

    Trading 212 has built up a name for themselves in such a short amount of time due to their favorable trading conditions. All the tradeable assets offered by Trading 212 are commission-free and traders can choose from either variable or fixed spreads. Some spreads can be as low as o.001 and the minimum lot size is capped at 0.1pips with maximum leverage at 200:1. Also, traders benefit from the fastest market orders and executions times which is great for scalpers.

    Account Types

    Trading 212 only offers one type of trading account which requires a minimum deposit of $150 to open an account. Since there is only one account type, all traders are treated equally and have access to the same assets, tools, and features. See below a list of the account details:

    • Minimum deposit of $150
    • Minimum lot size of 5k
    • Maximum leverage of 1:200
    • Fixed spreads of 1.9 pips
    • Variable spreads of around 0.9 pips

    While Trading 212 only offers 1 type of real trading account, they do offer an excellent demo account that traders can use for an indefinite amount of time.

    Commissions & Fees

    Trading 212 does not charge any fees through commission, but rather incorporates their fees into the spread. As mentioned before, spreads can either be fixed or variable and range from as low as 0.9 pips for variable spreads, and as low as 1.9 pips for fixed spreads. Another fee which traders are subject to is the payment method fee which ranges from 0.7% to 3.5% on deposits.

    Platforms and Tools

    Trading 212 utilizes their very own proprietary trading platform that offers everything a trader needs in an easy to use and aesthetically pleasing web-based platform interface. The platform focuses on the ease of user experience rather than on advanced tools and features. However, traders can still benefit from the platforms basic charting tools, technical indicators, and lightening fast order execution speeds. The platform also has a built in economic calendar and a real-time news feed.

    Is Trading 212 Mobile Friendly?

    Yes, Trading 212 is completely mobile friendly and has a strong emphasis on mobile trading with their platform. The website and platform are intuitively designed and very user friendly for mobile trading. All the same tools and features are compatible on mobile and the mobile presence Trading 212 has is phenomenal in the trading industry.

    Promotions

    Trading 212 cares deeply for their customers and offers various promotions and loyalty programs to reward their traders. One such promotion is a weekly contest in which the top 100 players receive a distributed prize amount of £15,000. First place player receives £2000, second gets £1500, third gets £1000, fourth gets £600, fifth gets £400, and the rest of the 100 receive £100. These contests change from time to time to keep the players interested and coming back for more. Another promotion they sometimes have are initial deposit bonuses when creating an account.

    Deposits & Withdrawals

    Deposits and withdrawals are easy with Trading 212, and while the options may be limited, there are enough options that most traders will be satisfied with. The available deposit and withdrawal options are; Visa, Visa Electron, MasterCard, Maestro, Skrill, PayPal, Dotpay, SafetyPay, Carte Bleue, Mister Cash, CashU, Union Pay, Direct eBanking, and Bank Wire transfers. The minimum initial deposit amount is $150, and fees range from 0.7% to 3.5% for deposits. There are no fees for withdrawing funds except for fees incurred by the payment processors. Deposits via debit and credit cards are nearly instant, and bank wires take 2-3 business days. As for withdrawal times, they take between 2-3 business days to show on your debit/credit card or bank account.

    Customer Support

    The customer service offered by Trading 212 is excellent as the brokerage cares about their customers and their experience using their services. Support is available 24/7 in 16 different languages and can be reached via email, telephone, and live chat. The support representatives are very friendly and professional and quick to respond to any messages you send them. In addition to the traditional support methods mentioned above, traders can also reach support through their social media channels such as Twitter, Facebook, and Instagram.

    Research and Education

    Trading 212 puts a strong emphasis on educating their clients and does this through their extensive education centre. Here traders can find news and tutorials, trading strategies, videos, webinars, articles, a glossary, and more. The learn centre is well organized and filled with research driven material.

    Noteworthy Points

    The most noteworthy point about Trading 212 is their mobile presence in the online trading industry. The trading 212 platform is the number 1 trading app in the UK and is recognized worldwide. 

    Conclusion

    Trading 212 is a very user-friendly trading brokerage that offers a wide variety of tradeable assets across multiple markets. They are a brokerage that cares deeply about their customers and provides an excellent user experience. The brokerage is great for new traders and experienced traders will appreciate the platform as well. However, the trading application is not as advanced and feature rich as some others, but is more than sufficient for the majority of traders.

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