We gave Trading 212 aOverall score 4.6/5How is itone of the best stockbrokersin the world in 2023. In addition to stocks, Trading 212 clients can also trade other popular assets such as CFDs. The broker offers commission-free trading for stocks and ETFs and does not require a minimum deposit.
We recommend Trading 212 for investors interested in trading stocks and ETFs. Trading 212 is suitable for beginners due to its easy-to-use trading platforms. It's also a viable option for long-term investments, as there are no account or inactivity fees.
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| 🛍️ Products offered | Stocks, ETFs, CFDs (Forex, Stocks, ETFs, Index, Commodities) |
| 💰 Handel 212Sharecommission | 0 |
| 💰 Handel 212withdrawal feecalculated | $0 |
| 💰 Handel 212idle feecalculated | no |
| 💰 Handel 212minimum deposit | $0 |
| 💳 Deposit methods | Bank Transfer, Credit/Debit Cards, Google Pay, PayPal, Apple Pay, Skrill, Dotpay, Giropay, Carte Bleue, Direct eBanking, iDEAL |
| 📃 Deposit with electronic wallet | Y |
| 📱 Platforms provided | Web commerce platform, mobile application |
| 🎮 Trading 212 demo account available | Y |
| 🗺️ Regulatory country | Great Britain, Bulgaria, Cyprus |
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Trade Review 212
Is it safe to use Trading 212?
Trading 212 is areliable and reputable broker. The reason we give Trading 212 a high security rating is because it is regulated by the UK's Financial Conduct Authority (FCA), a top-tier regulator. Trading 212 also offers investor protection up to £85,000 for FCA clients and €20,000 for CySEC or FSC Bulgaria clients.
How does Trading 212 protect my investments?
Trading 212 operates under multiple legal entities overseen by different regulatory bodies. The level of investor protection varies from company to company.
| country of customers | amount of protection | Standards | legal entity |
|---|---|---|---|
| United Kingdom | £ 85.000 | Financial Conduct Authority (FCA) | Trade 212 UK Ltd. |
| EEA countries | 90% of your funds, maximum €20,000 | Cyprus Securities and Exchange Commission (CySEC) | Comercio con 212 Markets Ltd. |
| Other countries | 90% of your funds, maximum €20,000 | Bulgarian Financial Supervisory Commission (FSC) | Handel 212 Ltd. |
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68% of retail CFD accounts lose money
Trade Review 212
Can I open a Trading 212 account from my country?
Trade Review 212
Is it difficult to open an account with Trading 212?
Opening an account with Trading 212 issimple, direct and fast. It only takes 15 minutes to complete your application and newly opened accounts are usually activated within 1 business day. Trading 212 is available worldwide, but there are some notable exceptions where users cannot open an account, including the US or Canada.
Trade Review 212
Is Trading 212 cheap or expensive?
commerce 212 ischeap to trade stocks, ETFs and CFDs, but it isexpensive for forex trading. As a big plus, trading stocks and ETFs at Trading 212 is commission-free. Trading 212 does not charge inactivity, escrow or account fees, but the conversion fees are high. Deposits and withdrawals are free at Trading 212.
| financial assets | installment amount | Rate Terms |
|---|---|---|
| US Stocks and ETFs | Under | without commission |
| S&P 500 CFD | Under | Fees are built into the spread, 1.1 points is the average cost of the spread during peak trading hours. |
| EURUSD | - | Fees are built into the spread, 1.1 pips is the average cost of the spread during peak trading hours. |
| idle fee | Under | No inactivity fee |
For more information, seeNegotiate 212 rates here.
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Trade Review 212
How can I withdraw funds from my Trading 212 account?
You can useBank transfers, credit/debit cards and electronic walletsto withdraw funds from your Trading 212 account. Withdrawing funds in Trading 212 is free and can take as little as 1 business day; This is considered quite competitive compared to most other brokers.
You can only withdraw money from accounts in your name.
| Handel 212 | eToro | XTB | |
|---|---|---|---|
| Wire transfer | Y | Y | Y |
| Credit/debit card | Y | Y | Y |
| electronic purses | Y | Y | Y |
| withdrawal fee | $0 | $5 | $0 |
For more information, seeTrading 212 withdrawal process here.
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Trade Review 212
How do I start using Trading 212?
To start trading with 212, you need to follow these steps:
1. Apply for a business account online
The application process at Trading 212 is simple, fast and is done entirely online. You will need to enter some personal information, choose an account plan, provide information about your trading experience and financial situation, and then verify your identity.
To verify your identity and residency, you must upload the following documents:
- Proof of identity: ID, passport or driver's license
- Proof of residence: a bank statement or utility bill issued within the last three months
2. Wait for the approval of the Trading 212 account
Normally, if all your documents are in order, Trading 212 will approve and activate your accountIn a day.
3. Fund your account and start trading
To start trading, you must first make an initial deposit. Trade 212requires only a token minimum depositfrom €/£10 for CFD accounts and €/£1 for Invest or ISA accounts. This is ideal for those who only want to trade or invest with smaller amounts.
In Trading 212 you canweb based trading platformthe excellentapplication. If you need help using it, Trading 212 has one.Platform video tutorials, and including onedemo accountwhere you can test the features of the platform without risking any real money.
Read on to learn more aboutOpen an account with Trading 212.
If you want to learn more about trading, read our review ofEducational tools available at Trading 212.
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68% of retail CFD accounts lose money
Trade Review 212
How do I deposit funds into Trading 212?
To fund your Trading 212 account, you canWire transferthe useCredit/debit cards. You can also use various types ofelectronic pursesincluding Google Pay, Apple Pay or PayPal, although some country restrictions may apply. It is also possible to make deposits through your Revolut or Wise accounts.
Negotiate with rates 212no deposit fees for most types of transactions. However, there is a 0.7% deposit fee when you deposit more than €2,000 into your Invest account using a credit/debit card or e-wallets.
| Handel 212 | eToro | XTB | |
|---|---|---|---|
| Wire transfer | Y | Y | Y |
| Credit/debit card | Y | Y | Y |
| electronic purses | Y | Y | Y |
Bank transfers can take several business days, while credit/debit card deposits or e-wallet transactions are usually instant. You can only deposit money from accounts in your name.
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Trade Review 212
Is 212 trading good for forex trading?
Forex trading is available on Trading 212, but that's how it isnot the best broker for forex trading, as forex trading fees are generally high.
One positive feature is that Trading 212 offers a large number of currency pairs. So if you are looking for a more exotic currency pair, Trading 212 might be one of the few brokers that offer it.
The Practical Side of Forex Trading at Trading 212: Trading 212 trading platforms have great charting tools. Read our review on this and othersResearch tools available in Trading 212.
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Trade Review 212
Is Trading 212 good for stock trading?
Trading 212 is agood option for stock trading, as appropriateCommission-free trading of stocks and ETFs.
Trading 212 offers an impressive selection of over 10,000 real stocks and ETFs to trade on more than a dozen stock markets. If you want to trade real stocks and ETFs on Trading 212, you need to open an "Invest" account.
When you decide to trade stocks at Trading 212: Trading 212 provides useful fundamentals on stocks. It also offers fractional shares, which means you can take just a few dollars and buy shares that might otherwise cost hundreds of dollars each.
One drawback is that Trading 212 charges a 0.15% currency conversion fee if you want to trade a real stock or ETF denominated in a currency other than the base currency of your account.
Looking beyond stock trading? You can find a more detailed description hereAsset Classes Available in Trading 212.
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68% of retail CFD accounts lose money
Trade Review 212
Is Trading 212 good for long-term savings?
commerce 212 issuitable for long-term savings, as it offers commission-free trading in real stocks and ETFs and does not charge an inactivity fee or account fee. A big advantage for UK clients is that it is possible to open a tax efficient ISA account with Trading 212.
However, Trading 212 may not be the best long-term savings option for everyone, as it does not offer some investment types popular with long-term investors, such as mutual funds or bonds.
If you're looking to save long-term, check out our recommendations for thebest broker to buy and hold investors.
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68% of retail CFD accounts lose money
Trade Review 212
How can I contact Trading 212 customer service?
You can contact Trading 212 by emailLive chat and email. customer service isavailable 24/7.
When we contacted Trading 212 via email or live chat, they sent usfast, relevant and hassle-free answers. For example, we receive clear answers about which account currencies we can use and how to fund our account.
To use email support, you need to fill out a form on the Trading 212 website. We really liked that when you choose the subject of your inquiry, you get several recommended articles from the FAQ section, potentially saving you the need to to interact with customer service. When we ran our test, we found several articles that answered our questions.
However, one thing we did miss was the phone support.