Summary: Trading 212 is the largest UK-based investing and trading platform. It offers services to over 15 million British residents in England, Scotland, Ireland & Wales. On Trading 212 you can invest in stocks, ETFs, indices and much more. In this review, we break down what fees, security, support, features and assets the platform has to offer.
What features does Trading 212 have to offer
Trading 212 is a UK online broker that enables investors to trade a wide range of assets through its online platform. These include forex pairs, stocks, indices, CFDs (contracts for difference) and more. Trading 212's website can be accessed in English, French, German, Italian, Polish, Portuguese, Romanian, Spanish and Russian. Some of the key features that Trading 212 offers include:
- Multiple Asset Classes: A variety of assets to trade including stocks, FX, commodities, indices, and more.
- Low Fees: Competitively low fees with no hidden charges or additional commissions.
- Easy UI: A user-friendly platform that can be tailored for both beginner and experienced investors.
- Live Chat: 24/7 customer support via live chat, email, telephone and online social media.
- Virtual Account: A demo account available to practice trading without risking real money.
- Various Deposits: A variety of payment methods accepted including credit/debit cards and bank transfer.
Trading 212 Fees Schedule
Trading 212 does not charge any commissions on trades. Instead, Trading 212 charges a spread on each trade. The spread is the difference between the bid price and the ask price of an asset. The average spread for major currency pairs is 0.4 pips. For other assets, the spreads vary. However, it does charge a 0.7% fee to deposit funds via card, bank transfers are free. Withdrawals are also free of charge.
In addition to deposit fees, Trading 212 also charges a monthly account fee of $10. This fee is used to cover the costs associated with maintaining the account, such as customer service and accounting. However, this fee can be waived if the account meets certain requirements, such as having a balance of $2,500 or more.
Does Trading 212 have 24/7 customer support?
Yes, Trading 212 offers 24/7 customer support via many avenues. Trading 212's customer support team can be reached via live chat, online ticketing system, email (email@example.com), or phone (+44 (0) 20 7086 1062). Additionally, you can reach the support team via one of their social media communities including Facebook, Instagram, Twitter & YouTube.
Is Trading 212 a secure trading platform?
Trading 212 is a regulated broker, meaning that it must adhere to strict financial standards and provide transparency to its clients. In addition, Trading 212 has implemented a number of security measures to protect its clients' funds and personal data. It uses SSL encryption to protect its user's data and two-factor authentication to add an extra layer of security.
Trading 212 is owned by Avus Capital UK Ltd., which is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. Trading 212 UK Ltd. is authorised and regulated by the FCA (License No. 609146). Both companies are registered in England and Wales. Trading 212 UK Ltd.'s address is Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA, United Kingdom.
What asset types are supported on Trading 212?
As one of the leading online trading platforms in the United Kingdom, Trading 212 offers a wide range of assets for its clients to trade. These include:
- Forex pairs - EUR/USD, GBP/USD, USD/JPY, EUR/GBP, AUD/USD, USD/CAD and NZD/USD.
- Indices - Dow Jones Industrial Average (DJIA), S&P 500, NASDAQ Composite and FTSE 100.
- Precious metals - Gold, Silver and Platinum.
- Commodities - Crude Oil (WTI) and Brent Oil.
- Stocks - Amazon, Apple, Netflix and Disney.
In total, there are over 10,000 different instruments available for trading on Trading 212. This provides vast opportunities for traders to find the right asset or assets to trade based on their individual needs and preferences. The above list is not exhaustive and is subject to change. For the most up-to-date information on the assets offered by Trading 212, please visit their website.
Is eToro better than Trading 212?
This answer really depends on the individual trader's needs and preferences. But overall, yes eToro is the better platform as it offers lower fees, significantly more asset classes, better security and more useful features. Additionally, eToro is a 'social trading platform' that focuses on growing it's clients portfolios by providing services such as CopyTrading, where you can mimic the trades of successful traders.
Can I use Trading 212 on mobile?
Yes, Trading 212 is available to download on both iOS and Android devices, and is available on both iPhone and iPad for Apple users. On the Google Play store, the Trading 212 application is rated 3.5 stars from 120K reviews. And on the Apple app store it is rated 4.5 stars from 175K reviews and is ranked #42 overall in the Finance category.
Does Trading 212 have a minimum deposit?
Trading 212 does not have a minimum deposit requirement. However, it is worth noting that the minimum trade size for forex pairs is 0.01 lots, which is equivalent to a 1,000-unit trade size. For CFDs and ETFs, the minimum trade size is 0.1 lots, which is equivalent to a 10-share trade size. You will need to have sufficient funds in your account to cover the margin requirements and transaction costs associated with your desired trade size.