Trading 212 Review [2023]

Trading 212 offers a commission-free investment platform with a diverse range of options. Features include ISA investments, multi-currency storage and trading with minimal conversion fees (0.15%), interest earning on cash, and the ability to lend shares for additional interest. Exceptional customer service. Rated 5 stars.

Author:

Last Updated:

07/11/2023

Page Contents:

  1. What is Trading 212? – A Quick Summary

  2. Who Uses Trading 212?

  3. Why is Trading 212 Popular Among Beginners?

  4. When to Use Trading 212 – Understanding the Platform

  5. What are CFDs and How Do They Work?

  6. What Can You Invest In with Trading 212?

  7. What Features Does Trading 212 Offer for Traders?

  8. How Much Does Trading 212 Cost?

  9. Who Can Help Me at Trading 212? – Customer Support

  10. Is My Money Safe with Trading 212?

  11. What Do Other Customers Say About Trading 212?

  12. What Are the Pros and Cons of Using Trading 212?

  13. Why Choose Trading 212? – Our Opinion?

  14. Are There Any Special Offers from Trading 212?

trading 212 logo white and black linking to homepage
5/5

Select CFD When Signing up

Use Promo code TIC to get a free share worth up to £100

78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is Trading 212? - A Quick Summary [Trading 212 review]

At The Investors Centre, we’re big fans of Trading 212. It was my first broker when I started trading CFDs years ago. Beyond being a trusted and established brand, Trading 212 offers a wealth of features that make it a top pick for your everyday trading needs. Aside from CFD trading, you can also invest in stocks and shares through an investing account or an ISA investment account.

Although I occasionally use the desktop trading platform, I typically rely on the mobile app. It’s straightforward, easy to use, and offers mobile trading platforms with exceptional execution speeds non trading fees, and competitive spreads.

One of Trading 212’s strong suits is its wide range of tradeable assets, including ETFs, Forex, and Crypto. As a retail investor, you can leverage from 1:2 on crypto up to 1:30 on indices.

Trading 212 is an excellent choice for beginner investors, thanks to its user-friendly app, web trading platform, social thread, and available educational resources. However, it does fall short in a few areas, such as foreign exchange fees, the currency conversion fee and fees and the lack of options and bonds among the available asset classes. See how Trading 212 compares to Plus500.

Pros:

  • ETFs and Stocks are commission free

  • App functionality and overall user experience

  • Ability to trade desktop and mobile App

  • FCA Regulated

  • Investor protection available to UK clients (from the FSCS Scheme)

  • Deposit with bank transfer or Credit/ Debit Card

  • Negative Balance Protection

  • Minimum Deposit $0

  • Demo account provided

  • No withdrawal or inactivity fee

  • No deposit fees

  • Great CFD account

Cons

  • Limited product portfolio

  • High fees on forex and S&P 500 Index CFD fee

  • US Dollar not available as an account currency

  • Lower quality of research available

  • High financing rate

  • Currency conversion fee

As evidenced by the above summary, the pros outweigh the cons, which is why we’ve chosen Trading 212 as our favorite broker this year. If you’re interested in signing up for Trading 212 Invest or an ISA account, use promo code TIC to receive a free share worth up to £100 upon registration. For those interested in CFD trading, you can sign up using the provided link

Who Uses Trading 212?

Trading 212 is a big deal with over 2 million users. It’s popular not just in the UK, but all over the world. Why? It’s because you can trade and invest without paying any fees!

What’s the Deal with Trading 212?

Trading 212 lets you trade for free – no fees to buy or sell investments. That’s awesome, right? Usually, you’d pay in excess of £5 for each deal with other stock brokers. That’s quite a lot!

It’s more than just stock exchange, a place to buy and sell stocks and shares (which means owning a small bit of a company) and funds (a bunch of stock exchange shares put together).

What Can You Trade with Trading 212?

With Trading 212, you can on stock exchanges also trade CFDs, or Contracts For Differences. With CFDs, you can trade with more money in invest account than you have by borrowing from the broker. This is called leverage or margin trading. You can also trade when the price goes down, known as going short.

Trading 212 lets you trade lots of things, like stocks, shares, mutual funds,, things you can touch like gold and silver (called commodities stock exchanges), and foreign exchange for money from different countries (currencies). But you can’t trade cryptocurrency here. If you want that, try Coinbase or check our list of best crypto exchanges.

Not many places let you trade CFDs. IG does, and they’re both low-cost and good to use.

How to Use Trading 212 and What People Think

You can use Trading 212 on their website or on your phone. They have really good apps for Apple and Google devices. People like them a lot, too. The app has a 4.5 out of 5 rating on the Apple store from over 178,000 reviews, and a 3.9 out of 5 on the Google Play store from more than 125,000 reviews. That’s pretty good!

Trading 212

Trading 212 is a popular online brokerage that offers trading on a wide range asset classes of financial instruments, including stocks, ETFs, currencies, and cryptocurrencies.

  • Quick purchasing execution

  • 2 Million Lifetime Funded Accounts

  • 4.6 Trust Pilot Score – Over 21k Reviews

  • commission free

  • Negative balance protection

  • Multiple Deposit & Withdrawal Methods inc PayPalgZero Commission Trading

  • Simple User Interface

  • Mobile App – easy account opening process

  • 24/7 Support

  • No inactivity fees or withdrawal fees

  • Regulated by the UK’s financial conduct authority

  • Funds Protected Up To £85k By FSCS (UK)

78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Why is Trading 212 Popular Among Beginners?

Trading 212 is a big hit with people who are new to trading and investing. But why? Well, there are a few reasons.

  • Firstly, it’s easy to use. The website and apps are simple and user-friendly. Even if you’re not a tech whiz, you can quickly figure out how to buy and sell.

  • Secondly, it doesn’t cost much to start. You don’t have to pay any fees to trade or invest. So, you can try it out without spending a lot of money. Other places might charge you over £5 for each deal, but not here!

  • Thirdly, you can learn as you go. Trading 212 has lots of helpful resources for beginners. You can watch videos, read articles, and even practice trading with fake money before you use your own.

Lastly, there’s a big community of users. You can join forums and chat groups to ask questions and get tips from other traders. It’s nice to know you’re not alone on your trading journey.

When to Use Trading 212 - Understanding the Platform

Trading 212 is a great choice for many people, but when is the right time to use it? Let’s explore the platform and find out.

  1. Trading 212 is perfect for beginners. If you’re new to trading, this platform is a great place to start. As we mentioned in our Trading 212 review, it’s user-friendly, so you’ll find it easy to navigate even if you’re not tech-savvy. Plus, there are plenty of educational resources to help you learn the ropes.

  2. If you’re looking to trade with low costs, Trading 212 is for you. You can buy and sell without any fees, so it’s much cheaper than many other platforms. This makes it a good choice if you’re on a budget or just want to save money.

  3. Trading 212 is a top pick for anyone interested in exchange-traded funds (ETFs). ETFs are like baskets of stocks, bonds, or other assets. They’re a great way to invest in a whole industry or region without buying lots of individual shares. Trading 212 has a wide range of ETFs to choose from, so you can find one that suits your investment goals.

  4. Lastly, if you prefer web trading platforms, Trading 212 has you covered. You can trade on their website, so you don’t need to download any software. This is handy if you’re using a public computer or just don’t want to install anything on your device.

In conclusion, Trading 212 is a great choice for beginners, budget-conscious traders, ETF enthusiasts, and fans of web trading tools and trading platforms. So, if any of these sound like you, it’s time to give Trading 212 a try.

What are CFDs and How Do They Work?

CFDs, or Contracts for Difference, are a way of trading that’s a bit different from buying regular stocks and shares. Instead of owning a piece of a company, you’re making a deal with a broker about the price of something, like a share or commodity (stuff like gold or oil). Let’s break it down.

When you trade CFDs, you’re guessing whether the price of something will go up or down. You make a contract with a broker, saying, “I think the price will go up to this much” or “I think the price will go down to this much.” Then you wait and see what happens.

If you’re right, you make money. If you’re wrong, you lose money. But the cool thing is, you can make money even when prices are falling. That’s called “going short.” If you think the price will go up, thereby losing money rapidly that’s “going long.”

For example, let’s say you think the foreign exchange price of a share will go up. You make a contract with a broker, and if the stock or foreign exchange price goes up like you thought, you get the difference between the price when you made the contract and the higher price later on. But if the foreign exchange fee price goes down, you have to pay the broker the difference.

CFDs let you trade with more money than other brokers than you have in invest account, which is called “leverage” or “margin trading.” You borrow money from the broker to make bigger trades. This can mean bigger profits, but it can also mean bigger losses if things don’t go your way.

So, CFDs are a way to trade the price of something without owning it. You make contracts with brokers, guessing whether prices will go up or down. You can use leverage to trade with more money than you have. But remember, CFDs can be risky, so it’s essential to know what you’re doing and be careful.

What Can You Invest In with Trading 212?

Trading 212 offers a wide range of investment options to cater to the needs of different types of investors. Here’s a breakdown of what you can invest in with this platform:

  • CFDs (Contracts for Difference):

    • Trade on the price movements of assets without owning them.

    • Go long or short based on whether you think the asset’s price will rise or fall.

    • Use leverage to trade with more money than you have in your account.

  • Stocks and Shares:

    • Buy and own a piece of a company.

    • Choose from a wide range of companies across different sectors.

    • Profit from dividends and potential increases in stock prices.

    • USA Stocks are available

  • ETFs (Exchange-Traded Funds):

    • Invest in a basket of assets, such as stocks, bonds, or commodities.

    • Get exposure to a whole industry or region without buying individual assets.

    • Choose from a diverse selection of ETFs available on Trading 212.

  • Commodities:

    • Trade tangible goods like gold, oil, and wheat.

    • Profit from changes in commodity prices.

    • Diversify your investment portfolio.

  • Currencies:

All of these investment options are available on Trading 212’s web trading platform, which is user-friendly and accessible without any software downloads. To learn more about how to get started with these investments, check out our Trading 212 review summary.

How Much Does Trading 212 Cost?

One of the standout features of Trading 212 is its affordability. Here’s a breakdown of the transaction costs are associated with using this platform:

  • Commission-Free Trading:

    • Trading 212 offers commission-free trading, which means you can buy and sell stocks, ETFs, and other assets without incurring any fees.

    • This allows you to save money and keep more of your profits.

  • Zero Account Maintenance Fee:

    • With Trading 212, you don’t have to pay any fees to maintain your account.

    • There are no hidden charges, and you can keep your account open without incurring any additional costs.

  • Low Spreads:

    • When trading CFDs, Trading 212 offers competitive spreads, which is the difference between the buy and sell prices of an asset for retail cfd accounts.

    • The lower the spread, the less you pay for each trade, and Trading 212 offers some of the best spreads in the industry.

  • No Deposit or Withdrawal Fees:

    • Trading 212 doesn’t charge any fees for depositing or withdrawing funds from your account. The ability to deposit money into your account via bank transfer.

    • You can easily transfer money in and out of your account without worrying about extra costs.

  • Optional Paid Features:

    • While Trading 212 offers a robust platform for free, they also provide some optional paid features for traders who want to enhance their trading experience.

    • These features may include advanced charting tools, faster execution of trades, and more in-depth market analysis.

Who Can Help Me at Trading 212? - Customer Support

If you ever find yourself in need of assistance while using Trading 212, don’t worry. Their customer support team is ready to help. Here’s what you can expect:

  • 24/7 Support: Trading 212’s customer support is available 24/7. So, if you have a question or need help, you can reach out to them at any time, day or night.

  • Live Chat: If you need an immediate response, you can use the live chat feature on the Trading 212 website or mobile app. This allows you to chat directly with a support agent in real time.

  • Email Support: You can also contact Trading 212 by email. This is a great option if you have a more complex question or need to provide more details about your issue.

  • Help Center: The Trading 212 Help Center is an online resource that provides answers to many common questions. It covers topics like how to use the platform, how to make deposits and withdrawals, and much more. This is a great place to start if you’re looking for quick answers.

  • Educational Resources: In addition to the Help Center, Trading 212 offers a range of educational resources to help you learn about trading and investing. These resources include articles, videos, and tutorials that cover topics like trading strategies, market analysis, and more.

  • Community Forum: The Trading 212 Community Forum is a place where you can connect with other traders, share ideas and strategies, and learn from each other. It’s a great way to get advice and support from other people who are using the platform.

In conclusion, Trading 212 provides a range of support options to help you and invest accounts get the most out of their platform non trading fees and investment advice. Whether you need technical assistance, have questions about your account, or want to learn more about trading and investing, the Trading 212 customer support team and community are there to help.

Is My Money Safe with Trading 212?

When choosing a trading platform, it’s essential to know that your money is safe. Trading 212 has taken several measures to ensure the security of its customers’ funds. Here’s how they safeguard your money:

  • Regulation: Trading 212 is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the UK. This means they must follow strict rules and regulations to protect their customers’ interests.

  • Client Money Protection: Trading 212 keeps customers’ funds separate from their own money, as required by regulators. This means that, in the unlikely event that Trading 212 faces financial difficulties, your money will be protected.

  • Financial Services Compensation Scheme (FSCS): As a UK-based company, Trading 212 is a member of the FSCS. This scheme provides compensation to customers if a financial firm fails or is unable to pay claims against it. If something were to happen to Trading 212, your funds could be covered up to £85,000.

  • Data Encryption: Trading 212 uses advanced encryption technology to protect your data and financial transactions. This ensures that your information remains private and secure from unauthorized access.

  • Two-Factor Authentication (2FA): Trading 212 offers 2FA, an extra layer of security that requires you to provide two types of identification before accessing your account. This makes it much harder for unauthorized users to gain access to your account.

  • Regular Audits: Trading 212 undergoes regular audits by independent parties to ensure they are adhering to industry standards and regulations. This adds another layer of assurance that your funds are safe.

In summary, Trading 212 takes the security of your funds and personal information seriously. They employ a combination of regulatory compliance, technology, and industry best practices to protect your money. So, you can feel confident that your money is safe when trading with Trading 212.

What Do Other Customers Say About Trading 212?

When considering a mobile trading app or web platform itself, it’s always a good idea to see what other customers have to say. Trading 212 has earned a solid reputation among its users. Here’s an overview of what others are saying:

  • Positive Reviews on App Stores: Trading 212’s mobile app has received high ratings on both the Apple App Store and Google Play Store. Users have praised the app for its user-friendly interface, ease of use, and robust features.

  • Online Forums and Communities: Many users have shared their experiences with Trading 212 on online forums and communities, such as Reddit and Trustpilot. While opinions may vary, many traders have expressed satisfaction with the platform’s commission-free trading, wide range of investment options, and responsive customer support.

  • Beginner-Friendly: Many beginners have found Trading 212 to be a great place to start their trading journey. The platform’s educational resources, demo account, and simple interface have helped new traders get up to speed quickly. No minimum deposit or deposit fees.

  • CFD Account: Users interested in CFD trading have highlighted the platform’s competitive spreads, leverage options, and diverse range of assets. However, some users have also mentioned the inherent risks associated with CFDs and emphasized the importance of careful risk management.

  • Concerns: Like any platform, Trading 212 has received some negative feedback as well. Some users have mentioned occasional technical issues, while others have noted the importance of understanding the platform’s fee structure and trading terms.

In conclusion, while opinions may vary, many users have found Trading 212 to be a reliable and user-friendly platform. It has earned praise for its account opening process without fees, diverse investment options, and helpful resources for beginners. However, it’s always essential to do your research and consider both positive and negative reviews before using invest account or making any trading decisions.

What Are the Pros and Cons of Using Trading 212?

Trading 212 is a popular platform that offers a range of features and benefits to traders. However, like any service, it has its pros and cons. Here’s an overview to help you decide if it’s the right platform for you:

Pros:

  • Commission Free Trading: Trading 212 allows you to trade stocks, ETFs, and other assets without paying any commission. This can save you money and make it easier to maximize your profits. No minimum deposit

  • User-Friendly Interface: The platform is known for its intuitive interface, making it easy for both beginners and experienced traders to navigate and use. Easy to navigate forex trading (including your cfd account)

  • Mobile App: Trading 212 offers a highly-rated mobile app for both iOS and Android, allowing you to trade on the go and stay up-to-date with your investments.

  • Diverse Range of Investment Options: With Trading 212, you can trade a wide variety of assets, including CFDs, stocks, ETFs, commodities, and currencies.

  • Educational Resources: Trading 212 provides a wealth of educational resources, including articles, videos, and tutorials, to help you learn about trading and improve your skills.

  • Demo Account: The platform offers a demo account with virtual money, allowing you to practice trading and test out strategies without risking real money.

Cons:

  • Leverage Risks: Trading 212 offers leverage for CFDs, which can amplify both profits and losses. While this can be an advantage for experienced traders, it can also be risky, particularly for beginners.

  • Limited Cryptocurrency Trading: Unlike some competitors, Trading 212 has limited crypto trading features available.

  • Occasional Technical Issues: Some users have reported occasional technical glitches or delays on the platform, although these seem to be relatively rare.

  • Complex Fee Structure for Some Features: Some optional features may come with fees, such as a currency conversion charge (Currency conversion fee). It’s essential to understand the fee structure and terms of service before using any paid features.

In summary, Trading 212 isa account that offers a range of benefits, including a user-friendly interface, and a diverse range of investment options. However, it’s essential to be aware of the risks associated with leverage and to understand the platform’s fee structure. By weighing the pros and cons, you can decide if Trading 212 is the right platform for your own portfolio and trading needs.

Why Choose Trading 212? - Our Opinion

Trading 212 has established itself as a reputable and user-friendly platform for traders experienced investors of all experience levels. The platform stands out among trading platforms for its account opening fees, extensive range of investment options, and robust educational resources. Additionally, the platform offers a mobile app, allowing you to trade on the go and manage your investments from anywhere.

The demo trading account feature is particularly helpful for beginners, providing a risk-free environment to practice and learn. While Trading 212 may offer limited cryptocurrency trading and aside from the conversion fees, it remains a solid choice for traders looking for a reliable and intuitive platform with a diverse range of assets.

Are There Any Special Offers from Trading 212?

Trading 212 frequently offers special promotions and incentives for new and existing users. One popular promotion is the “Free Share” offer, where new users who sign up using referral code TIC.

What is Trading 212? - A Quick Summary

Trading 212 is a well-known online trading platform that allows users to trade a wide range of assets, including stocks, ETFs, CFDs, commodities, and currencies. The platform is known for its user-friendly interface and extensive educational resources. With a highly-rated mobile app and a demo account opening feature, Trading 212 provides a versatile trading environment for both beginners and experienced traders. While it may not offer cryptocurrency trading and has some limitations, the platform remains a popular choice for traders seeking a reliable and accessible web trading platform and experience.

 

Trading 212 Features

Trading 212 app screenshot of notification page

Notifications

When signing up to Trading 212 – get up to date notifications and the most recent market news

 

Trading 212 app screen shot of various stock and share prices

What's Hot

Find out at the time of trading which stocks are experience high relative volume and big price movements.

Trading 212 app screenshot of various crypto prices

Range of CFD Instruments

Trade a range of CFD instruments including crypto, stocks, commoditiesand more

 

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Epilogue

Who Created This Content: This guide was authored by Thomas Drury is an experienced financial trader in leverage intruments, crypto and general investing. He has over a decade experience in finance and holds Chartered Status in the financial industry, Thomas’s specialty is trading CFDs, Forex and Day Trading. His crypto portfolio is heavily weighted towards BTC and Eth, but enjoys trading low cap crypto’s with higher volatility. Thomas’s favourite trading strategy is break out Trading.

Why This Content Was Created: Our primary objective in creating this guide is to empower traders, both seasoned and novices, with impartial, comprehensive, and actionable information to make informed decisions. We understand the complexity of the CFD trading world and aim to simplify it for our readers. While we hope our content is discoverable by those seeking insights, our main priority is to provide genuine value to our visitors. We staunchly oppose content creation practices that manipulate search rankings or violate any standards of integrity.

How This Content Was Created: Our assessment of the Trading 212 is rooted in rigorous research and firsthand experience. Here’s our methodology:

  • Platform Testing: We actively tested multiple platforms over a span of six months, analysing their functionalities, ease of use, and reliability.

  • Fee Analysis: Each platform’s fee structure was dissected to ascertain its competitiveness in the market.

  • User Feedback: We engaged with real users and considered their reviews and experiences, lending a holistic perspective to our evaluation.

  • Market Dynamics: Regular updates from industry news, changing regulations, and market dynamics ensure the guide remains current and reliable.

  • AI-Assistance: While human judgment and expertise are at the core of our assessments, we utilized AI tools to improve structure, critique our work.

Note: Our use of AI tools is strictly for data gathering and content assistance. All conclusions drawn and recommendations made are based on human analysis and judgment.

In this review, we’ve delved deep into the world of Trading 212, highlighting its allure for European investors, especially those keen on zero commission trading. An outstanding feature of the platform is its dedication to transparency, ensuring clients aren’t caught off-guard by hidden fees. This fosters trust, especially when investors wish to invest tax free or explore share trading.

Furthermore, Trading 212 stands out with its multi currency account feature. This is particularly beneficial for individuals who want their uninvested cash to remain in the same currency as their bank account’s currency. It not only streamlines the process for users but also eliminates the need for repeated currency conversions which can often come with undesirable fees.

With the surge of interest in stock markets and the desire to create a diversified portfolio, Trading 212 has positioned itself as a champion of unlimited instant trades. This feature, coupled with the platform’s support for fractional shares, ensures that both seasoned European investors and those just dipping their toes into the stock market have ample room to navigate and adapt their strategies.

Regarding the safety of client assets, Trading 212 is regulated by notable bodies such as the Cyprus Securities and Exchange Commission. This gives added assurance to investors, knowing that their investments are overseen by recognized regulatory entities.

Another commendable feature is the general investment account, which allows users to earn interest. Though interest rates can fluctuate, the ability to gain from one’s bank account while keeping an eye on commission free stocks is a game-changer for many.

Lastly, for those wondering about liquidity and the ease of accessing their funds, Trading 212 ensures that users can withdraw money seamlessly, keeping in line with the bank account’s currency. This is a boon, particularly for other investors wary of selling shares and wanting straightforward access to their finances.

In conclusion, whether you’re a seasoned trader or someone just starting out, Trading 212’s commitment to clarity, flexibility, and client-centric features make it a platform worth considering. As always, it’s vital for investors to conduct their own due diligence, but Trading 212 certainly sets a high bar in the world of online trading platforms.

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