Trading 212 review (2021) Review

 

Trading 212 is a global CFD and forex broker, founded in 2004 in Bulgaria and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). However, beyond the classic idea of CFD, it also allows trading in physical stocks and ETFs, free of charge. Like other brokers, Trading 212 already offers mobile and desktop applications, while you can try a relatively clear user interface on a free demo version. The minimum deposit is one of the lowest. You can start from $1. Leverage is offered at rates of around 1:300 for professional accounts.

Trading 212 homepage

Trading instruments

Trading 212 offers real stocks and ETFs, CFD and forex. They have extensive forex, commodity CFD and crypto selection.

Trading 212

Trading 212 offers three accounts:

  • Invest
  • Isa
  • CFD

But fees, charges and leverage are the same for all users. They do also offer a pro account which allows regulated users to access higher levels of leverage in exchange for waiving regulatory protection.

 

Trading 212 regulation

They are regulated by the FCA in the UK, the FCS in Bulgaria, making themselves one of the best regulated online brokerage services on the market. The company has accurate financial controls in place to ensure it is fully compliant with the latest regulations since being one of the best brokers. All to be found on their website.

Trading 212

Demo account

As I have mentioned earlier, they offer a free demo account. You can experiment, learn without the risk of losing anything. What I found good was that they offer the demo account in a way, so that you can easily toggle between ‘real’ and ‘practice’ accounts, removing the hassle of setting up two separate accounts. When you are ready to go live, you simply switch from demo to live and there is no need to create a new account.

Trading 212

Trading 212 fees

They offer relatively tight spreads, but not the best in the market. They have commission-free trading across a range of asset classes, don’t charge an inactivity fee, but charge fees for currency conversion. The withdrawals are without a fee as well as deposits. However, fees for forex trading are quite high.

Trading 212

Registration

And this is the part, where I had to hold my horses. Due to unusual demand, they paused account openings. So, I can`t open an account, neither a demo. I can sign up on the waiting list and wait. Now that’s an unexpected problem.

registration And this is the part, where I had to hold my horses. Due to unusual demand, they paused account openings. So, I can`t open an account, neither a demo. I can sign up on the waiting list and wait. Now that’s an unexpected problem.

Trading 212 website

Website od Trading 212 is professional, functional and well designed. It doesn’t overload you with information and drivel. In the top panel, you can find:

  • Products
  • Learn
  • More

Under the option Products, you`ll find the 3 accounts they offer. You simply click on the account you`re interested in and scan through the information. In the option Learn you`ll find educational support. It contains educational videos and written tutorials explaining critical trading concepts, graphs and analysis.

Trading 212

All the rest is under the option More.

  • Hotlist
  • News
  • Economic calendar
  • Analysis
  • Money protection
  • About us
  • Community forum
  • Affiliates
  • Contact
  • Blog
  • Help

Here you can find an up to date economic calendar, detailed technical analysis for each tradable asset, a daily world news update, contact details and discussions in the community. This discussion I was surprised about. I have never seen this option and I would surely welcome it.

Trading 212

The blog hasn`t been updated for ages, so that`s a disappointment.

Trading 212

Trading 212 social network activity

So, you won`t get much out of the blog, but Facebook is up to date.

Trading 212 social network activity So, you won`t get much out of the blog, but Facebook is up to date.

They post news, facts and economic information a few times a month. They also have Instagram, YouTube and Twitter accounts. Here I would like to point out the YouTube channel. busting with videos.

Trading 212

A summary of advantages and disadvantages

All-in-all they are an online brokerage service for new investors and experienced, with a perfectly designed website, commission-free trading, a simple account structure, a great number of educational features, videos and tutorials. Their customer support is one of the best and funds withdrawals easy. Shame I couldn`t even start with them, because I couldn`t open an account. They have no live chat or telephone number. Some fees are higher than with other brokers (Forex), their Blog is outdated.

Kim Cerna

Pros / Cons
  • Brilliant website
  • Community forum
  • Commission-free trading
  • A lot of videos
  • A lot of videos
  • An account cannot be opened
  • Poor news flow
  • No live chat or telephone number
  • High Forex fee
  • No webinars

 

Trading 212 is a global CFD and forex broker, founded in 2004 in Bulgaria and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC).