Trading 212 Review

Author By Jeffrey Cammack
Updated: September 17, 2021
Overall Rating
3.57 3.57 / 5
Rated #39 of 49 Recommended Brokers
Min. Deposit
USD 10
Regulators
Trading Desk
Trading Cost
USD 100
Website Language
English
Support Language
English
AlertAccepts South African Clients. Average spread EUR/USD 10 pips on trading account with lowest minimum deposit of 10 USD. Max leverage 30:1. 76% of traders lose money with Trading 212.Islamic account not available. Trading 212 platforms supported. Trading 212 is regulated by the FCA and FSC.

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Summary

Trading 212’s product offering is centred around the Trading 212 mobile app, the UK’s #1 trading and investing app. Though only the proprietary Trading 212 platform is available, on desktop as well as mobile devices, spreads are variable and relatively tight, starting at 0.8 pips on the EUR/USD. Education and market analysis are both very light and, as Trading 212 is a multi-asset broker, much of the content is focused on assets other than Forex. 

Overall a decent broker and app, especially for those who like a simple Forex trading experience.

Reviews

Regulation
111104/ 5
Trading Conditions
111003/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
110002/ 5
Assets Available
1110.503.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Standard
Bonuses
None

Account Information

Base Currencies
GBP, EUR, USD
Number of FX Pairs
222
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Min. Spread
0 pips
Commission
Fees Included in Spread
EUR/USD
0 pips
GBP/USD
0 pips
USD/JPY
0 pips
Max. Leverage
30:1

Company Details

Company Name
Trading 212 UK Ltd
Founded
2004
Office Locations
Bulgaria, United Kingdom

Pros

  • Fast and free withdrawals
  • Low minimum deposit

Cons

  • Limited education
  • Limited market analysis
  • Limited platform choice

Is Trading 212 Safe?

Trading 212 is fully compliant with the latest EU regulations and is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Supervision Commission (FSC) in Bulgaria.  See the following list of Trading 212 Group registered companies:

  • Trading 212 UK Ltd. is registered in England and Wales (Register number 8590005), with a registered address 107 Cheapside, London EC2V 6DN. Trading 212 UK Ltd. is authorised and regulated by the Financial Conduct Authority (Register number 609146).
  • Trading 212 Ltd. is registered in Bulgaria (Register number 201659500). Trading 212 Ltd. is authorised and regulated by the Financial Supervision Commission (Register number RG-03-0237).
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Group Regulators
Trading Desk
Website
Year Founded
Office Locations
Additional Fees
FCA
Market Maker
2004
Bulgaria, United Kingdom

In addition to being well-regulated, Trading 212 deposits all client funds in a segregated bank account and uses tier-1 banks (the safest and most secure) for this purpose.  Trading 212 also offers negative balance protection, which means that clients can lose all but not more than their trading account’s balance. 

Trading 212 Safety

Financial Instruments

Trading 212 offers a range of CFD instruments, including Forex:

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Fx Pairs
CFD Investments
222
Forex
Equities
Commodities

Trading 212’s Trading Conditions

Trading 212 is a market maker with a single commission-free forex trading account.  Minimum deposit is 10 USD, and Trading 212 allows hedging, netting, and scalping.  All standard accounts have a default leverage of 30:1 but can be upgraded to 30:1 on Trading212’s Professional Accounts.  Traders can apply for a Pro Account, but must meet certain criteria (trading experience, trade frequency, and capital) before acceptance.  Trading 212 does not charge deposit or withdrawal fees, but it charges fees for currency conversions.  It does not publish spreads on its website.

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Trading account
Min. Deposit
Min. Spread EUR/USD
Commission
Trading Cost (USD)
Live
USD 10
0
None

While some brokers may provide the option for an Islamic (swap-free) trading account, at the moment, Trading 212 isn’t offering such service. Lastly, Trading 212 does not charge inactivity fees on dormant accounts.

Demo Accounts

Trading212’s Practice Mode, better known as the Trading 212 Demo Account, has unlimited free access to a wide portfolio of instruments and allows one to practice trading and investing with a maximum of $50,000 virtual funds.

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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
Live
USD 10
30:1
0
None
Account Details

Spreads and Commissions

Fees for the commission-free Trading 212 account are included in the spread, which is not published on the website. 

Deposits and Withdrawals

As a regulated broker, Trading 212 makes sure that all Anti-Money Laundering rules and regulations are followed. For a client, this means that deposits can only be made using a bank account or card registered in your name; no third-party deposits are allowed. Withdrawals must be made to the same account or method where the funds originated.  Trading212 does not charge fees for deposits or withdrawals, but if one is funding an account via Credit/Debit Cards, Google Pay, Apple Pay, Skrill, iDeal, DotPay GiroPay, and Sofort, with more than 2,000 EUR, a fee of 0,7% will be charged.  Trading 212 offers the following methods for deposits and withdrawals:

  • Bank Transfers – Deposits and withdrawals can take up to three days to be processed.
  • Debit/Credit card – Deposits take 10 minutes to reflect, and withdrawals can take up to three days to be processed.
  • Skrill – Deposits are instant, and withdrawals take 10 – 15 minutes to be processed.
  • Paypal – Deposits are instant, and withdrawals take 10 – 15 minutes to be processed.
  • Dotpay – Deposits are instant, and withdrawals take 10 – 15 minutes to be processed.
  • Giropay – Deposits are instant, and withdrawals take 10 – 15 minutes to be processed.
  • Carte Bleue – Deposits are instant, and withdrawals take 10 – 15 minutes to be processed.
  • Direct eBanking – Deposits are instant, and withdrawals take 10 – 15 minutes to be processed.
  • Apple/Google Pay – Deposits are instant, and withdrawals take 10 – 15 minutes to be processed.

Trading 212 for Beginners

Trading 212 has a limited range of educational materials and market analysis materials for beginner traders. 

However, its demo accounts do not expire, and the customer service team is available 24/7 for all client account and technical questions.

Educational Materials

Trading 212 offers little in the way of educational material for beginner traders.  It provides a glossary of terms and a small selection of video tutorials to learn about the platform, different features, and trading/investing in general.

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Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Medium
Medium
None
  

Market Analysis Material

Trading 212’s market analysis material is also minimal.  It includes an up-to-date Economic Calendar, economic indicators, financial analysis, and trading analysis.   

Customer Support

Trading 212 offers support in English, and help is available 24/7 via email and live chat.

Trading Platforms

Trading 212 only offers support for its in-house proprietary platform, the Trading 212 App. Optimised for the mobile user’s experience, the platform is straightforward to navigate yet provides a powerful range of features, charts, and analysis without feeling clunky or overburdened.  Traders have the option of switching effortlessly between two trading modes, Aggregating and Hedging.  The netting option is only available in the Hedging mode.   

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Broker
Platform Choice
Copy Trading
Platforms
111104/ 5
trading212
111104/ 5
Sirix
111104/ 5
IQ option

Mobile Apps

Trading 212 has a purpose-built app for mobile users (available on iOS and Android). It offers full functionality, allowing trades to be conducted directly from visualisations, a feature unavailable on many other mobile apps. The user experience is excellent, with straightforward navigation and well-thought-out data visualisations.

Trading212 Trading Platforms

Evaluation Method

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review Trading 212’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Risk Warning

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Trading 212 would like you to know that: Investments can fall and rise. You may get back less than you invested. Past performance is no guarantee of future results. Tax treatment depends on your individual circumstances and may be subject to change.  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 CFDs 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.

Overview

Trading 212 is an online brokerage aiming to make the world of trading securities and forex more accessible.  With a huge range of over 1800 tradable assets, including 150 FX pairs, Trading 212 outdoes its competitors.  Its trading platform, the Trading 212 App is a strong element of this brokerage service, with its powerful range of features, charts and analysis functions. 

One major drawback is that Trading 212 does not publish its spreads, making it difficult to assess trading conditions.  Its limited educational and market analysis materials also make it a poor choice for beginner traders.   Overall, while Trading 212 offers a solid service, there are enough shortcomings to make other brokers a better choice for most traders.

AlertAccepts South African Clients. Average spread EUR/USD 10 pips on trading account with lowest minimum deposit of 10 USD. Max leverage 30:1. 76% of traders lose money with Trading 212.Islamic account not available. Trading 212 platforms supported. Trading 212 is regulated by the FCA and FSC.
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Overall Rating
Min. Deposit
Regulation
Trading Desk Type
Trading Instruments
Forex Pairs
Crypto Pairs
Pros
Cons
Regulation
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
% Lose with this broker
Leverage
Spread
Hedging
Scalping
Account Types
Islamic Account
Trading Platforms
Funding Methods
Trading Commission
1110.503.57/ 5
USD 10
Market Maker
Forex
Equities
Commodities
222
0
  • Fast and free withdrawals
  • Low minimum deposit
  • Limited education
  • Limited market analysis
  • Limited platform choice
111104/ 5
111003/ 5
111104/ 5
11110.54.5/ 5
110002/ 5
1110.503.5/ 5
111104/ 5
76% of retail investor accounts lose money when trading CFDs with this provider
30:1
0 pips
Live
trading212
Visa
Mastercard
Skrill
Fees Included in Spread
1110.503.24/ 5
USD 250
Market Maker
Commodities
Cryptocurrencies
Forex
47
4
  • Good for beginners
  • Great customer support
  • Copy trading accounts
  • Expensive withdrawals
  • Local regulation only
111003/ 5
110.5002.5/ 5
111104/ 5
100001/ 5
1110.503.5/ 5
11110.54.5/ 5
11110.54.5/ 5
73% of retail investor accounts lose money when trading CFDs with this provider
200:1
1.50 pips
Bronze
Gold
Premium
Silver
Sirix
Bank Transfer
Neteller
Visa
Mastercard
Fasapay
Fees Included in Spread
1110.503.28/ 5
USD 10
Market Maker
Commodities
Cryptocurrencies
Forex
Indicies
Equities
ETFs
57
12
  • Low minimum deposit
  • Wide range of assets
  • Unpublished spreads
  • Expensive withdrawals
  • Limited education
  • Limited market analysis
1110.503.5/ 5
1110.503.5/ 5
111104/ 5
100001/ 5
10.50001.5/ 5
111104/ 5
11110.54.5/ 5
85% of retail investor accounts lose money when trading CFDs with this provider
1000:1
5 pips
Live Account
IQ option
Bank Transfer
Visa
Mastercard
Skrill
Neteller
Bitcoin
Fees Included in Spread
Visit Broker

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