Trading 212 is an internet broker aiming to make the area of trading stocks and fx more accessible. Our review of this Trading212 service comprises information on the platform, trading charges, the demo account (and expert account), minimal payment and deposit procedures. In addition, we review the app for mobile devices and provide ideas about the best way to get the most out of the broker.
Situated to London, the business boasts a simple to use smartphone app, with a range of functionality and features making it effortless for anybody to begin trading across a huge array of asset classes.
The trading platform Trading 212 runs on is a very strong asset of the brokerage service.
Optimised for your mobile consumer’s experience, the system is quite easy to navigate around, provides a strong selection of features, graphs and analysis without feeling clunky or overburdened. One great feature is the ability to place trades in numerous methods and execute many operations on precisely the exact same trading set concurrently.
Some traders may prefer more complicated or attribute rich platforms, frequently found on MT4 – but many will enjoy the habit, bespoke sense of this Trading 212 program. The demo account enables traders to experiment using platforms and discover the one which suits them best.
Trading 212 offers over 1800 tradable commodities in a large variety. These comprise over 150 fx pairs, a wide collection of cryptos including Ripple, Ethereum, and Bitcoin, and more conventional asset categories such as indexes, securities, and commodities.
Trading 212 offers fairly tight spreads, if not the tightest on the market. Some securities have stronger spreads than others, with spreads being competitive on cryptocurrencies. One field that Trading 212 is great in is commission, delivering completely commission-free trade across a variety of asset groups, a major differentiating factor between them and other brokers. However, they demand currency exchange fees although this is not uncommon.
Leverager for pro accounts is sold at prices of about 1:300, higher than many other brokers. Leverage raises risk of losses as well as gains, and merchants ought to make prudent use of this. In an exchange the full leverage does not have to be used.
EU retailers will see the leverage set at 1:30 (or lower for certain markets,
such as cryptos, where regulators focus on a maximum leverage of 1:2)
Trading 212 includes a must-have app for mobile consumers (on iOS and Android). It gives full functionality, even allowing transactions to be ran straight from visualisations, a feature unavailable on a number of other mobile applications. The consumer experience is exceptional, with clear navigation and nicely thought out information visualisations.
The update is fast and simple and Trading 212’s flagship product is the smartphone app. Hence, the software was created with successful traders in mind, and is among the industry’s best.
Trading 212 provides various payment options, such as bank transfers, debit and credit card transactions, along with a choice of electronic wallets. Full details can be found in the FAQ section on the site – but many mainstream financing approaches are readily available. You are able to withdraw cash directly in your bank accounts (although you will find minimal withdrawal limitations imposed), and cash should be on your account in 2-3 business days.
Trading 212 enables users to toggle between ‘live’ and ‘trial’ accounts, taking away the hassle of setting up two different accounts. Installation is extremely straightforward, taking under a minute to get a brand new account to be ready to go. The identical account may be ‘changed’ between live and practice modes, simplifying the usage of the accounts.
Offers And Promotions
Trading 212 provides its customers a variety of offerings including an up-to-date economic calendar, comprehensive (but succinct) technical analyses on each tradable commodity, a regular rundown of world news, and a whole host of instructional videos and written guides explaining important trading ideas, graphs and data. Users may navigate comprehensive forums for additional info, and also the FAQ section is nicely organized and extensive.
Trading 212 actually does not offer any successful promotional deals but they have given a £50 welcome discount in the past to make a deposit. EU regulators particularly have limited the use of incentive offers since they think that it can result in over trading.
Regulation And Licensing
Trading 212 is completely compliant with the newest European Union regulations. They’re governed by the FCA from the United Kingdom, the FCS in Bulgaria, which makes it among the most heavily controlled online brokerage services available in the industry.
That means all transactions are fully licensed and customers can feel secure and safe conducting business on Trading 212. So, the business has strict financial controls and steps in place to make sure it stays fully compliant with the most recent regulations.
Trading 212 supplies a variety of auxiliary characteristics to encourage its core trading application. These include a comprehensive financial calendar, daily financial news updates, a comprehensive instruction section with detailed tutorials and explanations of how many elements of trading work, summaries of crucial business theories and conditions, and guides on the best way best to use graphs to conduct investigation.
Negative balance protection is also provided to regulated traders.
Trading 212 technically just offers one account type, meaning charges, leverage and fees will be the exact same for all users. That is in line with their idea of democratizing trading. All transactions are zero-commission, and it is easy to change between ‘demo mode’ and actual trading – the important distinction is choosing to finance your account.
Trading212 do provide ‘specialist’ accounts. These enable regulated users to get high levels of leverage in trade for waiving regulatory protection. Traders can apply right when they start an account, but have to meet specific criteria (trading expertise, trading frequency and funds) prior to being approved for a Pro account.
Trading 212 began in Bulgaria as a firm named Avus Capital, prior to being integrated in the United Kingdom in 2013.
That means that the business is controlled by both the Bulgarian Financial
Services Commission and the UK FCA.
Trading 212 has continued to expand its user base exponentially in the last 5 years and its trading app has been downloaded 12M times making it one of the world’s most popular trading applications. Users are permitted to exchange stocks, fx pairs, indices, ETFs and cryptos.
Trading 212 includes a great deal for prospective users. The main advantage is commission free trading over a wide selection of asset types. Especially for frequent consumers, those tiny charges can quickly accumulate, eating into what can be tight margins. It is a very attractive prospect for people seeking to go into the market for the very first time.
Another important advantage is that the simplicity and endurance of this Trading 212 mobile program. In the end, the selection of instructional material available is an integral attraction for those seeking to find out more about financial markets.
Leverage is much lower than at several other online brokers for Pro customers, with many competitions offering tighter spreads. More seasoned traders may choose the more commonly utilized MetaTrader 4 platform. There is also no MT4 integration at the moment,
Frequent users may potentially discover the focus on smartphones off-putting, as most want to use a terminal, normally using numerous displays, for more complicated analysis.
Finally, some future customers may not like Trading 212’s simplicity: they will be searching for trading sites that rely more on regulated markets, automated trading, or the opportunity to copy active users’ trades.
The platform can be obtained for utilization 24/7. But markets for various asset classes are available at an assortment of occasions, thus there’s a knock-on impact on consumers’ ability to exchange some fiscal instruments at specific times.
Contact Details/Client Support
Trading 212 possess an outstanding, highly responsive client support staff with an average reaction time of just 47 minutes. Customer care is available 24 hours every day across many different programs and in 16 distinct languages, with service centers spread all around the world.
Security and Safety
The Trading 212 application was downloaded a few million times, with enormous quantities of transactions being processed daily.
The center systems underpinning the support are secure and robust, and analyzing the FAQ section of the site shows a company dedicated to the security and protection of consumer information and financing.
Seeing the amount of regulation that the provider adheres to, users may rest assured that Trading 212 is a remarkably secure platform.
In conclusion, Trading 212 is an electronic brokerage service for both new and seasoned customers with a well-designed smartphone app, commission-free trading, clear account layout and a range of additional educational tools. Trading 212 promises excellent customer service rates and quick withdrawal. All of this makes it for would-be investors a perfect choice.
On the flip-side, a few prospective investors may want a browser-based broker, usage of their favorite MetaTrader 4 platform, or even added attributes like algorithmic/automated trading or the alternative of managed accounts.
Trading212 accepts traders from Australia, Thailand, UK, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, UAE, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other states.
Traders can’t use Trading212 in the States and Canada.