Trading212 Review

MIN. DEPOSIT $150
Up to 200:1
Up to 10% BONUS
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Trading212
Up to 10%
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Overview

Company Information Trading 212 is a UK brokerage provider that appeared online for the first time in 2004. Since its foundation, the company had been quite successful. The brand Trading… more

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Details

Broker Trading212
Website URL https://www.trading212.com/
Founded 2004
Headquarters London, United Kingdom
Support Number (+44) 20 3769 9897
Support Email info@trading212.com
Support Types Phone, Live Chat, E-mail, Contact Form
Languages English, Dutch, Spanish, French, Italian, German, Polish, Swedish, Norwegian, Russian, Romanian, Czech, Serbina, Turkish, Arabic, Chinese, Greek, Hungarian, Portuguese, Malay
Minimum 1st Deposit $150
Minimum Trade Amount $0.03
Bonus Up to 10%
Payout Up to 200:1
Free Demo Account Yes
Regulated Yes
Regulation Financial Conduct Authority (FCA); Financial Supervision Commission of Bulgaria
Account Types Real, Practice
Deposit Methods Visa, Visa Electron, MasterCard, Maestro, Skrill, Bank Wire
Withdrawal Methods Visa, Visa Electron, MasterCard, Maestro, Skrill, Bank Wire
Types of Assets Forex, Commodities, Stocks, Indices
Account Currency EUR, USD, GBP
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Trading 212 is a UK brokerage provider that appeared online for the first time in 2004. Since its foundation, the company had been quite successful. The brand Trading 212 is owned and operated by Avus Capital UK Ltd., and its headquarters are based in England. The online broker offers its services in more than 65 countries worldwide and today it has over 200 000 registered users. Trading 212 is perfectly regulated and licensed company by two authorities – in the UK by FCA (Financial Conduct Authority) with register number 609146 and in Bulgaria by the FSC (Financial Supervision Commission) with register number RG-03-0237. As a globally recognized player in the financial industry, the online broker employs some of the latest technology in web and mobile to develop its trading environment even further. At this time, the company is mainly focused on Forex and CFDs as primary financial instruments and excellent conditions for both experts and newbies. Trading 212 also provides access to excellent educational resources, such as learning center with tutorials, dictionary, tips and more. Detailed analysis, economic calendar, and latest news section are also available for free to all clients and visitors. Unfortunately for US citizens, they are banned from using any of Trading212’s services.

 

Trading Information

The UK online broker has an extensive selection of financial instruments, such as currency pairs, CFDs, Stocks, Indices, and Commodities. There are nearly 270 Forex pairs that the clients can trade, as well as over 100 stocks and 20 indices. Traders will be happy to learn that all the assets are commission free and spreads can be fixed or floating. Some Forex currencies have extremely low spreads, such as AUD/CHF. Customers can open a position on that pair with a spread as low as 0.0010. Leverage is limited to 1:200 and the minimum lot size is set to 0.1 pips. The great accuracy of prices and fast execution times allow traders with scalping strategies to employ their tactics. Take note that all markets close on Friday 20:59 GMT and open again on Sunday at 00:01. Different account types are not available for the customers of Trading 212, which means that all trading conditions are similar for every trader registered with the online broker.

 

Trading Platforms

Trading 212 provides a trading platform designed entirely in-house. It is entirely web-based so that users can use it with every browser. The software is focused on the offered financial instruments and has various integrated features. It regularly updates, which ensures new tools, indicators, and many other improvements. The execution time required to open a position is nearly instant, which makes the trading extremely accurate. The trading platform is fully flexible. It’s available for mobile devices in an easily downloadable app for both Android and iOS. Users can download the application directly from the app stores. All the functionality is well documented on the website. For those who want to try the software first, Trading 212 offers demo accounts with £/€10 000 balance. The demo trading experience is the same as the real account.

 

Security and Customer Services

Trading 212 employs efficient security measures on its website. The whole web experience is protected by an effective SSL encryption provided by one of the largest security companies worldwide and namely Thawte Inc. Clients’ funds are also insured and protected. The money is kept in different banks and segregated accounts. The online broker also participates in FSCS (Financial Services Compensation Scheme) and ICF (Investors Compensation Fund), which allows each customer to be compensated up to £50 000 (FSCS) and €20 000 if the company fails to meet any financial obligations to the clients. As an extra peace of mind, Trading 212 informs its traders that they can find their rights with the Financial Ombudsman Service, which can compensate them up to £150 000.

 

As a reputable financial services provider, Trading212 has an excellent support that is available 24/7. The friendly and proficient customer service department can be contacted via live chat, numerous email addresses and line phone numbers from various countries. There are four different social media channels open for communication as well. The website supports 20 languages, and most of them are European.

 

Deposits and Withdraws

Both deposit and withdrawal methods are available once the client registers an account with the online broker. Surely some of the most popular payment options are used. Traders are free to fund their accounts with bank wire transfer, cards or e-wallet service. Extra fees are employed by the different funding method, but the usual charge is in the range of 0.7% to 3.5%. All the transaction options are almost instant, except for the bank wire transfer. When the time to cash out those money comes, clients can use the same methods. Fortunately, additional fees are not presented here. However, the withdrawal process can take some time due to various verification steps. Customers should take note that some additional identity documents will be required.

 

Deposit Bonus and Loyalty Programs

Trading 212 do not have any active promotions on their website at this time. However, clients who are eager to get a decent bonus on their first deposit can do it. They need to contact and representative of the company and ask for a personal deposit bonus. The secret promotion is 10% of the initial funding, and it can be obtained once a manager approves it. Unfortunately, the promo money can’t exceed £/€1000, and the bonus is not cashable. It’s used only to increase the margin of the client’s account. Loyalty programs are not available at this time.

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