Trading 212
Highlights
- 3000+ global stocks and ETFs
- Unlimited instant trades
Description
Trading 212 is a Global CFD and FX broker that was founded in 2004 with headquarters in London. You can also invest in stock and ETF free of charge. It works under the regulations of the high-level financial authorities like the Bulgarian Financial Supervision Commission(FSC) and the UK Financial Conduct Authority (FCA).
Highlights
- 3000+ global stocks and ETFs
- Unlimited instant trades
- No foreign exchange fees
Pros
- Instant online account opening
- Free educational resources
- Low fees
Cons
- No investor protection for non-EU clients
- Limited products(forex, CFDs and crypto)
Main Features
Country of Regulation: UK, Bulgaria
Trading Fees: Low
Inactivity Fees charged: No
Minimum Deposit: $1
Products: Forex, Stocks, Indices, Commodities
Review
Fees
Trading 212 has low CFD fees and commission-free stock and ETFs. There is no inactivity, withdrawal, and deposit fee as well but there are high fees charged for EUR-USD trading.
A/C opening
The account opening process at Trading 212 is fully digitalized and quick. The minimum deposit is $1 for CFD accounts and $10 invest or ISA accounts. Trading 212 offers three types of accounts i.e CFD account, Invest account and ISA account.
The Trading212 account cannot be opened online. For the account Verification, you have to send documents (proof of identity) to Trading 212 and the process of verification may take a few days.
Deposit & withdrawal
Trading 212 depositing and withdrawal services are good. There are many options available for depositing and withdrawal and there is no fee. It offers 9 base currencies accounts.
To withdraw you have to visit the Trading 212 portal and check the ‘manage funds’ option. It usually takes 1 business day to withdraw money.
Trading Platform
The Trading 212 trading Platform is available in several languages, highly customizable, and has good search functions. It has its own trading platform.
Research
Trading 212 research provides daily trading ideas and great charting tools but does not provide fundamental data and recommendations.
Customer service
You can connect with the IC Markets customer service through email and phone. You can also submit form present on Trading 212 contact page to connect.
Education
Trading 212 Offers many written and video tutorials on how to use their trading platform along with the basic contexts of trading.
Safety
The broker is observed safe as it is regulated by the high-level financial authorities.