Introduction
Choosing a broker is very important when you are just starting to invest. With so many different options, it might be kind of hard to pick out the absolute best solution. Today we are going to be taking a look at Trading 212, which is a Cyprus-based broker. We will be discussing the advantages, disadvantages, pricing, and how easy it is to register through the service, as well as security.
Overview
| Broker | Trading 212 |
| Website | https://www.trading212.com/ |
| Registered Country | Cyprus |
| Founded In | 2003 |
| Regulation | Financial Supervision Commission (FSC) |
| Trading Platforms | Mobile Application. |
| Minimum Deposit | $1 |
| Maximum Leverage | 1:30 |
| Spreads | Starting from 0.4 Pips |
| Demo Account | Yes |
| Islamic Account | No |
| Payment Methods | Bank Transfers, Card Payments, OnlineBankingPL, Carte Bleue, Blik, Direct , eBanking, Apple / Google Pay |
| Customer Support | Email: [email protected]
Contact: +359 0800 20 111 |
What is Trading 212?
Trading 212 is a broker that connects traders with the stock market. They offer their trading services to people all over the globe. Trading 212 Markets Ltd., headquartered in Cyprus, is regulated by the Cyprus Securities and Exchange Commission with a license number of 398/21, and Trading 212 Ltd. in Bulgaria is regulated by the Financial Supervision Commission with a license number RG-03-0237. That means that by investing with them, you are to get clear information about costs, fees, and rules.
Is Trading 212 safe?
Trading 212 is one of the most reliable trading websites. The Cyprus Securities and Exchange Commission is in charge of regulating it under license number 398/21. It has a Financial Conduct Authority registration in the UK, Firm reference number 609146. Located at Aldermary House, 10-15 Queen Street, London, EC4N 1TX, is their principal office. They ensure this is a reliable and safe platform, it’s not a fraud.
Assets available at Trading 212
Stocks: You can buy or sell thousands of stocks, including the most prominent ones, like Tesla, GameStop, or AMC.
Indices: Trade on some of the most important market indexes that reflect various economies, including the UK 100, USA 30, and USA 500.
Commodities: Barter trade of valuable metals, oils, and special agricultural goods, like livestock and wood.
Forex: Over 180 currency pairs are available to trade 24/7.
Accounts offered by Trading 212
There are three types of accounts on Trading 212: CFD, Invest, and ISA. You can also try a demo account. They, however, do not offer Islamic Accounts.
Trading 212 CFD Account:
This popular account type enables one to trade in CFDs. The majority of clients from abroad utilize this particular account.
Trading 212 Invest Account:
This one can be used to trade both ETFs and real equities. There is no option for short sales. This account is usable by most overseas clients.
Trading 212 ISA Account:
This account is only available to UK clients, and it allows trading tax-free up to a required amount. It is possible to trade in both ETFs and real stocks.
Demo Account
The traders have an opportunity to practice on the Trading 212 demo account. It not only allows you to practice techniques without risking your money but also helps you to understand how the broker operates. Practice in a safe environment to enhance your skills because this industry is evolving continuously.
How to open an account on Trading 212?
Step 1: Visit the Trading 212 Website
Access the Trading 212 website and find the “Open an Account\” button on the homepage.
Step 2: Select Your Country
By clicking on the button, a dialog box will pop up asking you to select your country from the given list.
Step 3: Enter Your Email
Having selected your country, now insert the email address that you would like to use for registering with Trading 212.
Step 4: Confirm Email
After you’ve inserted your email, Trading 212 will send a confirmation link to your email address. Open your email inbox and click on the confirmation link for account opening.
Trading 212 login
Once you’ve registered on the website, you can log in to Trading 212 using your email address and password.
Trading Platform offered by Trading 212
Trading 212 offers a mobile trading app. Generally, the Trading 212 mobile app is popular, with currently more than 10 million downloads on Google Play. The Trading 212 app provides instructional videos for beginners. Advanced functions, however, are lacking, so more experienced traders would find it inadequate. Customization of watchlists and simple sorting in the market are available on the app. The app integrates with over 100 indicators through TradingView charts, even though there are not many significant research tools. There is room for improvement, as event alerts are lacking and order expiration is limited.
Commissions, Fees, and Spreads
| Instrument | Live Spread AM | Live Spread PM |
| EURUSD | 0.7 pips | 1.1 pips |
| GBPJPY | 1.3 pips | 1.5 pips |
| Gold (XAUUSD) | 98 pips | 82 pips |
| Crude Oil | 0.06 pips | 0.03 pips |
| Apple | NA | 0.05 points |
| Tesla | NA | 0.05 points |
| Dow Jones 30 | 2.6 basis points | 2.6 basis points |
| Germany 40 | 3.3 basis points | 2.4 basis points |
Spreads on EUR/USD start at 0.4 pip when trading with Trading 212. They profit off the spreads rather than charging commissions. They don’t charge fees for deposits or withdrawals, and they provide Islamic Accounts without interest. But after 180 days without any trading activity, there’s an inactivity fee. There could be a fee for bank wire withdrawals, and there might be exchange fees.
Leverage
Trading 212 offers a range of leverage levels for different market products. Let us look at the leverage that they provide for every instrument:
If you want more leverage, check out Capitalix too.
Withdrawals and Deposits at Trading 212
Withdrawals and deposits are normally processed by Trading 212 within three business days, though this can change. Although there are no internal handling fees, depending on the payment method, there can be third-party banking fees. Traders are required to employ different procedures for deposits and withdrawals due to security concerns.
Funding for Trading 212 Invest accounts is free up to a GBP 2,000 maximum deposit. Any further deposits after this amount will be subject to a 0.7% fee.
| Method | Fee | Processing Time | Transaction Time |
| Bank Wire | 0 | Up to 3 business days | Up to 3 business days |
| Credit/Debit Card | 0 | Up to 3 business days | Up to 3 business days |
| Dotpay | 0 | Up to 3 business days | Varied |
| Giropay | 0 | Up to 3 business days | Varied |
| Carte Bleue | 0 | Up to 3 business days | Varied |
| Blik | 0 | Up to 3 business days | Varied |
| Direct eBanking | 0 | Up to 3 business days | Varied |
| Apple/Google Pay | 0 | Up to 3 business days | Varied |
| Paypal | 0 | Up to 3 business days | 10-15 Minutes |
| iDEAL | 0 | Up to 3 business days | Varied |
| Skrill | 0 | Up to 3 business days | 10-15 Minutes |
Education and Research Resources
Trading 212 offers helpful articles on a variety of subjects, including understanding various asset classes, interpreting financial accounts, and investing with indexes. Additionally, they provide around thirty films on subjects like selecting your first investment to assist novices in learning about the stock market. Nevertheless, webinars with additional in-depth information are not available. In comparison to other platforms, the educational experience is basic overall, but it will do to encourage novice investors to begin investing.
Customer Support
Consumers can contact customer service through:
Phone number: +359 0800 20 111
Email: [email protected]
Physical Address: Aldermary House, 10-15 Queen Street, London, EC4N 1TX
Conclusion
It can be concluded that, with a variety of assets up for trade, Trading 212 provides investors with an easy-to-use platform. Although its mobile app is well-liked and simple to use, experienced traders may find it lacking in more sophisticated capabilities. Because the broker is regulated, investors can feel secure. But there are drawbacks as well, such the lack of webinars and the inferior instructional materials in comparison to other platforms. All things considered, Trading 212 is a good place for novice investors to start, but more seasoned traders might want to explore elsewhere for more sophisticated choices.
FAQs
Is Trading 212 safe to use for investing?
Yes, Trading 212 is a regulated broker, ensuring that it operates under strict guidelines to protect investors’ interests.
What kind of accounts does Trading 212 offer?
Trading 212 offers three types of accounts: CFD, Invest, and ISA, each catering to different trading needs.
How do I open an account on Trading 212?
To open an account, visit the Trading 212 website, click on “Open an Account,” select your country, enter your email, and confirm it by clicking on the link sent to your email.
Does Trading 212 offer Islamic accounts?
No, Trading 212 does not offer Islamic accounts, which comply with Sharia law.
Are there any fees for deposits or withdrawals?
No, Trading 212 does not charge fees for deposits or withdrawals, but third-party banking fees may apply depending on the payment method.
What is the minimum deposit required to start trading with Trading 212?
The minimum deposit required is $1, making it accessible for investors with varying budgets.
Does Trading 212 offer educational resources for beginners?
Yes, Trading 212 provides helpful articles and instructional videos covering various investing topics to assist beginners in learning about the stock market.
