Trading 212 is a CFD broker established in 2004 under the company Avus Capital, Bulgaria. It has experienced phenomenal growth since it became regulated by the FCA in the UK in 2013. Since then, Trading 212 has become one of the leading brokers in the world. Its mobile platform wears the crown of UK’s number 1 trading app.

Pros

·        In depth education tutorials which might prove useful to beginners.

·        Commission-free trading on stocks and ETFs

·        Over 1800 trade-able assets from almost all markets. Forex alone has over 150 pairs which are way more than in the average Forex broker. Some of the best Forex coverage we have seen.

·        Has a great platform that is also easy to navigate.

·        Provides a fee-free ISA or invest account.

Cons

·        No MT4. Most traders are used to the MT4 interface which might be difficult to switch to an inbuilt trading platform. 

·       The research provided may not be of use to highly experienced traders.

·       No copy-trading.

 

Overall Ranking

Overall

Investment Opportunity

Commissions & Fees

Safety 

Research

Smartphone Usage

 Customer Service

 Education

Platforms & Tools

4.5/5
5/5
4/5
5/5
3/5
5/5
5/5
4.5/5
5/5

Overall

4.5/5

Investment Opportunity

5/5

Commissions & Fees

4/5

Safety 

5/5

Research

3/5

Smartphone Usage

5/5

Customer Service

5/5

Education

4.5/5

Platforms & Tools

5/5

Extended Review and Information

Trading 212 is a very unique broker. It provides copy trading, no-fee ISAs, and a wide array of instruments for all types for traders, containing over 1800 trade-able assets! Trading 212 has two main reasons for standing about above the rest of its competitors; their perfect customer service and their beautifully smooth trading app. We extensively reviewed Trading 212 to see what we could find out about the broker. Please read on for a more detailed account of our results.

How to Open your Account

Creating an account is an easy process, however account approval may take up to two days. Prospective clients are required to fill in certain details such as basic information to more in-depth questions such as trading experience.

All brokers request these details to know who their customers are. But with Trading 212, these questions may also influence the account type.

Once you’ve filled in all questions, you’ll be expected to submit relevant documents that support the information you’ve filled in.

These documents may include a national ID, passport or driving license. Additionally, a bank statement or utility bill will be required.

Once your account is opened, you get a live and demo account at once. You simply need to toggle between the live and demo accounts any time you want to access an account.

Also, Trading 212 doesn’t offer any welcome bonuses. At some point, they used to offer a £50 bonus. But it was later stopped due to FCA regulations and the ESMA restricting incentives.

Account Types

There are two account types on Trading 212. Both Pro and retail CFD trading accounts require a minimum of $29 to be opened. A client may open a fee-free ISA or invest account for just £1! This is an absolutely amazing offer, and it is such a rare service from a broker.

The Pro account is not accessible to all, as you must meet the eligibility requirements to qualify for an account.

Traders, especially in the EU, are limited to a leverage of 1:30 for most pairs which decreases to 1:2 for assets such as Cryptocurrencies. This is in accordance with the laws of European Securities and Markets Authority. (ESMA)

If a trader wishes to increase leverage, they can apply for the Professional account. The leverage is up-to 1:300, but account access is vetted. Like earlier stated, the information you fill may influence whether you qualify for a pro account or not. This is especially important when filling in your trading experience level and your deposit capital.  

Trading Platforms

The broker offers Forex, CFDs, Indices, and even Cryptocurrencies.

It has no MT4 or 5 trading platforms. Instead, clients trade through its bespoke mobile trading apps or the web trading platform.

The apps are easy to use with features easy to navigate. Which shows the app was designed and is updated with all traders needs in mind.

The downside, though; there are no MT4 or 5 platforms, even for desktop trading. Therefore, clients are subjected to choose either the Trading 212 web or mobile platforms for use. However, we found these platforms to be great, filled with individuality and great tools. A real swift, aesthetic platform which does not limit mobile users, and gives amazing coverage to both mobile and web users.

Deposits and Withdrawals

Means of deposits and withdrawals are varied. There’s bank transfer, credit/debit cards and digital wallets such as Skrill, Google Pay and Apple Pay.

There are also other methods customized depending on your location.

The method you use for deposits is the same one you’ll use for withdrawals.

Deposits will most likely reflect instantly in your account. But withdrawals may take 2-3 business days. This process may take longer, but please note that this is not the fault of Trading 212, but the 3rd party that processes the payments.

All deposits and withdrawals are free, other than a small charge of GBP 5 when you use bank wire. Once again, this is due to 3rd party charges, not the fault of Trading 212. More information can be found on their website.

Awards

The industry of markets trading has always been competitive but despite all the odds against, Trading 212 has still maintained its position as UK’s the best trading app since 2016.

It has more than 14 million downloads on the Apple and Play store making it one of the most popular trading apps in the world. And in addition, it has over 4.4 star and 4.5 star rating on Play and Apple store respectively.

Education and Research

Traders get access to education materials, and even news updates and a market calendar. The market calendar is a great way to keep yourself updated with current events and it is not often a feature provided for free by brokers.

Trading 212 also offers an amazing YouTube channel, which its users can take full advantage of due to their regular posts of high-quality content. This is perfect for both beginners and those aspiring to become much more seasoned in the world of trading.

However, although it is great to keep traders in the loop about current events, the research provided would not be of great use to a professional trader.

Customer Support

The customer support of Trading 212 is unrivaled. Several clients have verified that on live chat, a response comes in as short as less than a minute later. We found the same. Perfect response time, high professionalism, and very informative aid.

They not only answer your questions but also can follow up to confirm you’re well settled. This is especially true for real account users.

Regulations and Jurisdictions

After Trading 212 became a licensed and regulated broker by the FCA in the UK in 2013, it became one of the most highly acclaimed Forex and CFDs broker in the world. Prior to that, it was regulated by the Financial Supervision Commission in Bulgaria [FSC]. 

It’s not regulated by any other body. Which means it’s only regulated in the EU region. 

Conclusion

Trading 212 has a few minor flaws, and they are nothing that can deeply influence a client negatively. The huge advantages of Trading 212 are clear; you can safely trade such a large number of instruments at competitive rates. You are also given access to some great educational features.

And on the negatives, the low leverage imposed, especially to EU residents may become a block to some traders. In addition, more experienced traders may not be drawn towards Trading 212 for the education as it may seem too basic for the professional trader, the same can be said for the research provided. Nonetheless, what they do provide is great for beginners and those looking to become much more experienced. We found that one of the greatest tools provided was their YouTube channel.

With that said, the overview of our Trading 212 findings were outstanding, and overall, it proved very difficult to find problems with this broker. it is rated our number 1 mobile platform, and our top customer service broker. We highly recommend this broker for traders of all levels as although it is lacking some minor qualities, everything they are providing is held at an utmost quality which is unbeaten by many brokers.

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 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. This does not constitute as investment advice or personal recommendations as your specific financial circumstances have not been considered. No warranty is given in regards to the accuracy and completeness of information. Past performance is not an indicator of future results.

This website and the information provided does not constitute investment advice or personal recommendations as your specific financial circumstances have not been considered. No warranty is given in regards to the accuracy and completeness of information. Past performance is not an indicator of future results. The information given is a reflection of opinion. Trading CFDs on leverage involves significant risk of loss to your capital.