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Trading 212 Review 2024

By:
Plamen Stoyanov
Updated: Nov 29, 2023
Overall Rating
4
  • Trust
    4.3
  • Fees
    3.9
  • Platforms and Tools
    4
  • Tradable Instruments
    4.8
  • Customer Support
    3.4
  • Research
    2.5
  • Deposit and Withdrawal
    4.9
  • Account Types and Terms
    3.7
  • Education
    3
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.
    Chart

    We performed our tests on a CFD Trading 212 account using the platform’s web trader and mobile app versions. The account was opened with the Trading 212 Markets Ltd entity of the broker, regulated in Cyprus by CySEC. Some features and services may vary depending on where you reside and which entity you sign up with.

    The Big Picture

    Trading 212 is one of the biggest brands in the online trading industry, warranted by its top-tier licensing, competitive fees, and an impressive array of over 7000 tradable instruments. The broker was also the first to introduce commission-free stock trading in Europe and the UK.

    In my experience as a high-frequency intraday trader, I have always looked for several things in a reliable broker: compliance with the strictest regulatory frameworks, fast order execution, sophisticated platform, flexible pricing, and a wealth of instruments to choose from. And I am happy to say that after testing Trading 212’s services, I found that it delivers on all of these and more.

    Trading 212 is simultaneously an innovative and highly unconventional broker. It offers some of the best conditions for investing and has a very well-developed community forum where traders can share ideas, ask questions, and exchange knowledge in what is undoubtedly one of the best social trading environments in the industry.

    However, the broker has its drawbacks. It does not accommodate swap-free (Islamic accounts) trading, there is only one platform, and it does not have a desktop version. Moreover, the broker does not offer a raw spread account type, and the scope of its research content needs to be expanded.

    Overall, I found Trading 212 quite progressive. The aspects in which it excels put it among the best names in the industry, whereas its shortcomings are not detrimental to the overall quality of the service. Trading 212 is thus suitable for both beginners and advanced traders.

    Trading 212 Key Takeaways for 2023

    • Trading 212 is very trustworthy, being MiFID II-compliant and licensed by three top-tier regulators in Europe.
    • Being the first broker to introduce commission-free stock CFD trading in Europe, I found Trading 212’s fees to be generally below the industry average.
    • Traders can choose from over 7000 tradable instruments from different asset classes. This variety offers them exposure to different markets with varying levels of risk.
    • Trading 212’s accounts are versatile, offering both trading and investing opportunities. However, scalping is not permitted, and the broker does not afford swap-free trading in the form of Islamic accounts.
    • The broker has its own proprietary platform, which supports over 100 technical indicators and drawing tools. There are no other platforms available.
    • The Research and Education sections lack depth and are not frequently updated. The broker no longer publishes trading analyses, has no third-party research tools, and its educational content primarily comprises investing topics.
    • Trading 212’s customer support is efficient and reliable, though the support team can be reached only via email.

    What Sets Trading 212 Apart From Other Brokers?

    Trading 212 is a true pioneer when it comes to trading CFD shares. It was the first derivatives broker in Europe to introduce zero-commission trading, but that is not all. I was impressed by the over 7000 available CFD shares and ETFs, affording traders exposure to the most popular blue chip stocks of major U.S. companies and the biggest European and Asian exchanges. As a trader with an inkling to always look for the best available opportunities, I certainly appreciate the extensive wealth of instruments from these asset classes at zero commissions and low spreads.

    Who is Trading 212 For?

    Trading 212’s services are broadly tailored to serve three types of market participants. As a trader with an affinity for high-frequency intraday trading, I found the broker’s CFD account to be quite well-fitted for this particular kind of trading. This is made possible by commission-free trading, generally low spreads, and very fast order execution. Though, it should also be mentioned that the broker does not allow scalping.

    Clients of Trading 212 Invest can practice dividend investing, also known as value investing, with the broker. You can learn more about it here.

    Trading 212 also offers fractional shares, meaning that traders can gain exposure to even expensive stocks at a fraction of their value. This makes investing accessible even to traders with more moderate means.

    Trading 212 Pros and Cons

    Pros Cons
    • Very solid licensing
    • Generally low fees
    • Vast amount of tradable instruments
    • Very helpful community forum
    • Possibility to trade and invest
    • No Islamic Accounts
    • Only one available platform
    • No scalping
    • No third-party research tools

     

    Trading 212 Main Features

    ☑️ RegulationsCySEC (Cyprus), FCA (United Kingdom), FSCM (Mauritius)
    🗺 Supported Languages
    Multi-lingual
    💰 ProductsCurrencies, Stocks, ETFs, Crypto, Indices, Commodities
    💵 Min Deposit$0
    💹 Max Leverage1:30 (CySEC ), 1:30 (FCA), 1:3000 (FSCM)
    🖥 Trading Desk TypeNo dealing desk, Hybrid
    📊 Trading PlatformsProprietary
    💳 Deposit OptionsPayPal, Wire Transfer, Giropay, Credit Card, iDeal, E-wallets, ApplePay, GooglePay
    💳 Withdrawal OptionsWire Transfer, iDeal, Skrill, Credit Card, PayPal, E-wallets, ApplePay, GooglePay
    🤴 Demo AccountYes
    🗓 Foundation Year2003
    🌎 Headquarters CountryUnited Kingdom
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Trading 212 Full Review

    Trust

    4.3
    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    Trading 212’s three entities are situated in Europe and operate under the European Securities and Markets Authority (ESMA), ensuring a very high level of protection. The broker as a whole is fairly transparent and very trustworthy.

    Trading 212 Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    Here is what I discovered about Trading 212’s three entities:

    • Trading 212 Markets Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC ranks as a Tier-1 regulator on our system.
    • Trading 212 UK Ltd is authorized and regulated by UK’s Financial Conduct Authority (FCA). The FCA ranks as a Tier-1 regulator on our system.
    • Trading 212 Ltd is authorized and regulated by Bulgaria’s Financial Supervision Commission (FSC). We rank the FSC as a Tier-1 regulator.
    Trading 212’s licensing info on cysec.gov.cy

    We have summarized the most essential aspects of Trading 212 in terms of regulation and safety in the table below:

    Entity Features Trading 212 Markets Ltd. Trading 212 UK Ltd. Trading 212 Ltd.
    Country/Region Cyprus, Limassol UK, London Bulgaria, Sofia
    Regulation CySEC FCA FSC
    Tier 1 1 1
    Segregated Funds Yes Yes Yes
    Negative Balance Protection Yes Yes Yes
    Compensation Scheme Up to EUR 20,000 under ICF Up to GBP 85,000 under FSCS Up to EUR 20,000 under ICF
    Maximum Leverage 1:30 1:30 1:30

    Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

    Brokers operate multiple entities because it allows them to serve clients worldwide. But licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.

    Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. In the case of Trading 212, all of the broker’s entities are based in Europe, which means compliance with ESMA’s Markets in Financial Instruments Directive (MiFID II). This ensures compliance with the strictest safety frameworks in the financial industry.

    Listed below, you will read about the most essential safety policies and mechanisms for retail traders:

    • Segregation of client funds. Keeping client funds in segregated bank accounts from the ones used for the broker’s corporate capital negates the risk of accounting errors. All of Trading 212’s entities comply with this requirement.
    • Negative balance protection. This safety mechanism removes the risk of trading losses exceeding the account balance. In other words, the losses you incur from trading are capped at the amount you have put in your trading account. This is especially important in volatile markets. All Trading 212 subsidiaries provide negative balance protection.
    • Compensation scheme. A compensation scheme protects traders against the broker’s liabilities in the unlikely event that the company becomes insolvent. Trading 212 has issued an ‘excess of loss policy’ by Lloyds that is available to its clients, giving them coverage by up to EUR 1,000,000. Additionally, clients of the FCA-regulated entity are protected under FSCS by up to a maximum of GBP 85,000, whereas clients of the CySEC and FSC-regulated entities are protected by up to EUR 20,000 under the respective branches of the Investor Compensation Fund (ICF).
    • Maximum leverage. Capping the maximum leverage limits the maximum market exposure to retail traders. Top-tier regulators usually allow a maximum leverage of 1:30, while offshore brokers can allow a maximum leverage of anywhere between 1:500 to 1:2000. In other words, the higher the leverage, the bigger the profits generated from winning trades, but also the bigger the losses incurred from losing trades. All of Trading 212’s entities afford a maximum leverage of 1:30 to retail traders.
    Trading 212 has issued additional protections

    Is Trading 212 Safe to Trade With?

    Trading 212 has established itself as a trustworthy broker throughout the years. I opened my first-ever trading account with them over a decade ago when I was taking my first steps in the online trading industry. And ten years later, I can see that they stay committed as ever to ensuring their clients’ funds are protected.

    The company’s three entities all have top-tier licensing. They comply with all essential safety requirements, even going so far as to provide additional protections in the form of private indemnity insurance. Trading 212 also has a ‘best execution policy’, ensuring client orders are always filled under the most favorable conditions.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.

    Since its foundation two decades ago, Trading 212 has become the preferred choice of over 2 million traders who have invested more than EUR 3 billion in client assets. I found the information on the website abundant and readily available in the Legal documents section. Trading 212’s high transparency is also underpinned by the fact that the website contains plenty of information pertaining to the company’s owners and board of directors.

    All brokers are legally required to display notices on their websites that trading is very risky, and some of them choose to bury their disclaimers somewhere near the bottom of their pages. Trading 212 not only doesn’t do that, but I was pleasantly surprised to see them doubling down on the risk factor during account creation. Trading 212 is very frank with its clients about the dangers of trading.

    The broker is also very explicit about its various fees, even though I discovered some room for improvement. In particular, it would help if the broker displayed the current spread on the platform so that traders do not have to manually calculate it for each instrument. Also, the website does not display live spreads or swaps.

    In summary, my research indicates that Trading 212 can be regarded as having a very good level of trust and stability due to the following factors:

    • Authorized by top-tier regulators, ESMA-compliant
    • Is very accountable with clear and detailed information
    • Has issued additional protections in the form of private indemnity insurance

    Fees

    3.9
    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    Trading 212’s spreads vary greatly on instruments from different asset classes, which I attribute to varying volatility levels. I also assessed its swaps to be quite high, with swap-free trading not made available. Trading 212 affords commission-free trading, and it does not charge an inactivity fee. Deposits and withdrawals are also free of charge, though third-party fees may apply.

    Trading 212’s fees page

    Trading 212’s Trading Fees

    Trading 212’s Spreads

    We tested Trading 212’s spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on 24 April 2023.

    Instrument Live Spread AM Live Spread PM
    EURUSD 0.7 pips 1.1 pips
    GBPJPY 1.3 pips 1.5 pips
    Gold (XAUUSD) 98 pips 82 pips
    Crude Oil 0.06 pips 0.03 pips
    Apple NA 0.05 points
    Tesla NA 0.05 points
    Dow Jones 30 2.6 basis points 2.6 basis points
    Germany 40 3.3 basis points 2.4 basis points
    Bitcoin $11.43 $25.44

    Broken down by asset class, Trading 212 charges: low spreads on FX pairs; medium-to-high spreads on commodities (the recorded spread on gold is nearly double the industry average); low spreads on CFD shares; low-to-medium spreads on indices; and low spreads on cryptocurrencies.

    Trading 212’s Swap Rates

    A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EURUSD Charge of $20.7 Charge of $10.1
    GBPJPY Charge of $16.57 Charge of $10.38

    It’s always a good idea to compare swaps when choosing an instrument to trade on. For instance, looking at the table above, if I were expecting the EUR to depreciate against the USD and the GBP to do the same against the JPY, I would rather go short the GBPJPY.

    Trading 212’s recorded swaps are quite elevated, though the broker is not entirely to blame. Rollover charges are subject to changing interest rates at the interbank level and, therefore, are beyond the direct control of the broker. Still, it is worth pointing out that Trading 212 does not offer swap-free trading via Islamic Accounts.

    Trading 212’s Commissions

    The broker affords commission-free trading. This is ideal for high-frequency trading and the implementation of intraday trading strategies. However, scalping is not permitted with Trading 212.

    There is a 0.5% conversion fee (FX fee) for instruments priced in a different currency from the account’s base currency.

    Trading 212’s Non-Trading Fees

    Trading 212 does not charge dormant accounts with an inactivity fee. Deposits and withdrawals are also free.

    Are Trading 212’s Fees Competitive?

    The competitiveness of Trading 212’s fees depends on what is traded and when. My test showed that the broker’s conditions are especially favorable for high-frequency trading of FX pairs and CFD shares because there are no fixed commissions, only the spread.

    Platforms and Tools

    4
    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    The broker’s proprietary platform is feature-rich, with an intuitive design helping traders make timely and well-informed decisions even in highly volatile market environments. I especially liked the ease with which price action can be scaled up and down, giving me the edge I need to spot various opportunities as they unfold. One short drawback is that it is not available for desktop use.

    Trading 212’s platform has developed quite a bit since I first used it over a decade ago. It affords a sophisticated outlook into price action behavior and incorporates industry-standard features such as one-click trading. The platform gives traders an edge when it comes to order execution with its advanced solutions. For instance, traders can place OCO (one-cancels-the-other) orders to gain favorable entries into volatile markets.

    Trading 212’s proprietary platform

    Trading 212’s mobile app retains the usability of the web trader version, and it actually builds on it in some regards. It’s powered by the seamless Trading View, which is my personal choice for conducting complex technical analyses.

    The app comprises a greater amount of technical indicators and drawing tools than the web trader version. However, the benefit of this variety is somewhat lessened by the fact that the app has to be run on low-resolution devices, making it harder to conduct probing technical analyses.

    Automated and social trading are not available with Trading 212.

    Trading 212’s Web Trader Platform

    The market sentiment tool of the platform

    General Ease of Use

    Trading 212’s platform has some very nifty features, which I found quite useful for both beginners and advanced traders, such as the market sentiment tool. It affords a quick glance into the discrepancy between buyers and sellers, as well as the current spot price in relation to the day’s low and high. This is particularly useful when it comes to determining potential rebounds and reversals.

    The platform also allows traders to search for instruments by asset class, which is very helpful considering Trading 212’s vast array of instruments.

    Upcoming earnings watchlist

    The upcoming earnings watchlist is another great tool, providing stock traders with a quick overview of stocks that are likely to register big price changes in the near future. This allows them to prepare for the upcoming releases.

    Charts

    The chart screen is crucially important because it represents price action, which must be illustrated clearly and concisely. Also, a platform needs to include multiple technical indicators and drawing tools so that traders can make sense of the underlying price movements.

    What I like the most about the platform’s chart screen is that it can be manipulated quite easily. Tweaking price action up and down, left and right, is crucial for getting a clear sense of where the market might be headed next. Where I see room for improvement is with regards to the number of technical indicators and drawing tools made available.

    Here is a breakdown of, what I consider, the most important components of Trading 212’s charts:

    • 55 technical indicators. Trading 212’s platform consists of multiple oscillators, trend, volume, and volatility-based indicators. These can be used to carry out multifaceted examinations of price action behavior under different market conditions.
    • 20 drawing tools. Drawing tools, such as Fibonacci retracement levels and Elliott waves, are used to study repeatable price patterns, to determine key support and resistance levels, and potential breakout or breakdown levels.
    • 10 timeframes. Traders can also pick from 10 different timeframes, affording them a quick glance over currently unfolding trading opportunities in the short and long terms.
    • 5 chart types. Price action can be represented as a line, bars, area, Heikn-Ashi, and candlesticks. This variety affords traders the opportunity to view price action behavior from multiple angles.

    Orders

    Listed below are the different order types available on Trading 212’s platform:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order actually gets filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.
    • OCO orders. One-cancels-the-other (OCO) orders, essentially, allow traders to automate their trading. An OCO order usually but not exclusively consists of one order to execute a long position at one price and another order to open a short position at another price. When one is filled, the other is terminated. That way, traders can use OCO orders to gain favourable entry when there is enough market commitment, underscored by the price action going a significant way in either direction.

    Trading 212’s Mobile App Version

    In my personal experience as a trader, I have always been more or less skeptical of trading apps. I recognize their utility in affording quick and easy access to one’s account on the go, but beyond that, I usually find them cumbersome, cramped, and not particularly useful for anything else. But in the case of Trading 212, I am happy to report that its app manages to retain the easy-to-navigate interface of the web trader version of the platform, and even build on it in some regards.

    App’s order screen (on the left), watchlists (in the middle), and detailed chart screen (on the right)

    General Ease of Use

    Trading 212’s proprietary app is powered by Trading View, which makes it even more versatile and practical. I especially liked the fact that, just like in the web trader version, the app affords traders plenty of vital information, such as market exposure and potential losses and gains before opening a trade. This gives traders a clearer understanding of what they stand to gain or lose from any given order before they place it.

    Placing an order on Trading 212’s app

    The app as a whole is very easy to navigate, affording quick access to your trade account on the go.

    Charts

    Fundamentally, Trading 212’s app suffers, to a degree, from the same underlying problem that is prevalent in most other trading apps. Since it has to be run on small-screened devices, its charts get cramped very easily. Studying price action thus becomes more difficult.

    Trading 212’s app comprises the following features:

    • 104 technical indicators. The over 100 technical indicators, such as oscillators, trend-based, range-based, and volume-based, can be used to study price action behavior when the price is ranging or trending. These can also be applied to examine potential breakouts and reversals.
    • 59 drawing tools. The app also incorporates a significant number of drawing tools, such as trend lines, channels, and Fibonacci retracement levels. These are used to outline specific patterns that appear periodically in the price action.
    • 10 timeframes. The 10 different timeframes allow traders to study short- and long-term trading opportunities. This variety is essential for the implementation of a wide variety of different trading strategies – from intraday to position and day trading.
    • 7 chart types. Price action can be represented in multiple ways, including as a line, bars, area, Heikn-Ashi, and candlesticks. This variety affords traders the possibility to examine price action behavior from different angles.

    Orders

    In my estimate, placing orders on Trading 212’s is both very easy and practical. Before opening a trade, you are presented with abundant information pertaining to the potential profits and losses from such a position. Being able to assess your profit/loss outlook is especially important in volatile environments.

    The app also supports the following order types:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order gets actually filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price.
    • OCO orders. One-cancels-the-other (OCO) orders, essentially, allow traders to automate their trading. An OCO order usually but not exclusively consists of one order to execute a long position at one price and another order to open a short position at another price. When one is filled, the other is terminated.

    Tradable Instruments

    4.8
    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    The broker offers over 7000 instruments from different asset classes, including FX pairs, commodities, CFD shares, and ETFs, indices, and cryptocurrencies. I found this offering sufficiently diverse to accommodate the needs of both highly risk-averse traders and high-risk takers.

    Trading 212’s Hotlist

    I also quite liked Trading 212’s ‘Hotlist’ tool on the website. It helps traders sort out the best trading opportunities from the extensive array of instruments by observing the top raisers and fallers over a given period of time. This is yet another feature that is quite unique to the broker.

    What are CFDs?

    Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What Can You Trade With Trading 212?

    Listed below are the tradable instruments offered by Trading 212, broken down by asset class:

    • 178 Currency Pairs (Majors, Minors, Exotic)
    • 46 Commodities (Metals, Energy, Agriculture)
    • 7000 CFD Shares and ETFs (U.S., UK, Europe, Australia, Asia)
    • 20 Indices (U.S. (7), EU (8), UK (1), Australia (1), Japan (1), Spain (2))
    • 15 Cryptocurrencies (Majors and Minors)

    The biggest chunk of Trading 212’s offering is comprised of over 7000 share CFDs and ETFs from some of the biggest financial markets, such as the U.S., Europe, and Asia. The wide range of global stocks affords traders 24-hour exposure to different stock markets. I also appreciated the quite significant number of FX pairs and commodities made available, giving traders access to more exotic markets.

    Forex Commodities
    EURUSD, GBPJPY, EURCHF, AUDCAD, USDJPY, EURHKD, USDZAR Gold, Crude Oil, Palladium, Wheat, Gasoline, Copper, Natural Gas
    CFD Shares Indices
    Apple, Tesla, Intel, Starbucks, Aviva, AstraZeneca, IG Group, Adidas, Allianz US 30, US 500, Germany 40, UK 100, EU 40, France 40, Italy 40
    Cryptocurrencies ETFs
    Bitcoin, Ethereum, Bitcoin Cash, Polkadot, Cardano, Dogecoin, Litecoin iShares MSCI, Anfield US Equity Sector, Avantis US Equity, Barron’s 400

    Customer Support

    3.4
    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    Trading 212 offers fast and reliable 24/7 support, however, it is available only by email. There is no live chat or phone support. Despite this, I was able to reach out to them and receive help fairly quickly. The response was well-structured and written so that even newbies could understand what was said.

    Traders can either turn to Trading 212’s Help Centre which contains answers to more general queries or submit a form request and wait for an answer over email. What I found very useful and unique to Trading 212 is its dedicated Community Forum, where traders can submit questions about the general service, trading and investing, and exchange know-how and strategies with other traders.

    Trading 212’s Community Forum

    Trading 212’s Customer Support Test

    When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    I contacted Trading 212’s support on 24 April at 9.30 a.m. CET via their contact form, requesting additional information about their share CFDs offering and the base currencies available for retail accounts. They got back to me within 10 minutes, and the agent’s answers were straightforward and well-written so that even novice traders would be able to understand them.

    Deposit and Withdrawal

    4.9
    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    Trading 212 works with plenty of payment processors and does not charge any handling fees for deposits or withdrawals. The broker processes withdrawal requests fairly quickly, though transaction times may vary depending on the selected payment provider.

    Trading 212 Deposit Methods

    Method Fee Processing Time Transaction Time
    Bank Wire 0 2-3 business days 3-5 business days
    Credit/Debit Cards 0 Around 10 minutes Instant
    Dotpay 0 1-2 business days Varied
    Giropay 0 1-2 business days Varied
    Carte Bleue 0 1-2 business days Varied
    Blik 0 1-2 business days Varied
    Direct eBanking 0 1-2 business days Varied
    Apple/Google Pay 0 1-2 business days Instant
    PayPal 0 1-2 business days Instant
    iDEAL 0 1-2 business days Instant

    Trading 212’s Withdrawal Methods

    Method Fee Processing Time Transaction Time
    Bank Wire 0 Up to 3 business days Up to 3 business days
    Credit/Debit Card 0 Up to 3 business days Up to 3 business days
    Dotpay 0 Up to 3 business days Varied
    Giropay 0 Up to 3 business days Varied
    Carte Bleue 0 Up to 3 business days Varied
    Blik 0 Up to 3 business days Varied
    Direct eBanking 0 Up to 3 business days Varied
    Apple/Google Pay 0 Up to 3 business days Varied
    Paypal 0 Up to 3 business days 10-15 Minutes
    iDEAL 0 Up to 3 business days Varied
    Skrill 0 Up to 3 business days 10-15 Minutes

    Trading 212 processes deposits and withdrawal requests within 3 business days, though transaction times may vary. The broker has no internal handling fees for payments to and from a trading account, though third-party banking fees may apply subject to the chosen payment method. Due to safety requirements, traders have to use different methods for deposits and withdrawals.

    With regards to Trading 212 Invest accounts, funding your account will remain fee-free until you have deposited GBP 2,000 in total. Once this limit has been reached, a fee of 0.7% will apply thereafter.

    Account Types and Terms

    3.7
    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    Trading 212 offers two retail account types – CFD and Invest. The UK entity also provides ISA accounts, affording clients the opportunity to invest tax-free, and demo accounts. Trading 212 does not have Islamic accounts. I found the CFD account better suited for intraday trading because there are no fixed commissions.

    Why is Choosing the Right Account Type Important?

    Your account should reflect your goals, needs, and ambitions on the market. If you have modest means and plan to open smaller positions more frequently, then you should choose an account that does not have any fixed commissions per traded volume. In contrast, if you expect to place much larger orders less frequently, you should be more preoccupied with finding an account with tighter spreads and be less concerned with fixed commissions.

    What Account Types Does Trading 212 Offer?

    I collected data about all the account types offered by Trading 212 and arranged it in the table below, making it easy for you to compare.

    Account Type CFD Invest ISA
    Availability International International UK
    Spread From 0.4 pips NA NA
    Trading Commission 0 0 0
    FX Fee 0.5% 0.15% 0.15%
    Min. Deposit 10 of base currency EUR 10 GBP 1
    Min. Withdrawal 10 of base currency EUR 1 GBP 1
    Islamic Account No No No
    Demo Account Yes Yes Yes

    The CFD account is intended for traders wanting to speculate on the price of leveraged products (trading on margin). I found the combination of commission-free trading and generally low floating spreads more suitable for high-frequency trading in the short term. However, it should be noted that the company does not allow scalping.

    The Invest account type, as the name suggests, allows investors to pick from thousands of company stocks to invest in their future value. ISA accounts with Trading 212’s UK-based entity serve a similar role, except that investors do not have to pay capital gains tax.

    Trading 212 ISA account

    What is CFD Leverage?

    The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    Trading 212 Account Opening Process

    I found the process of signing up with Trading 212 quite fast and straightforward. I have broken it down into these easy-to-follow steps for you:

    • Step 1. Click the ‘Open Account’ button at the top-right corner of the main page.
    • Step 2. Choose between Trading 212 Invest and Trading 212 CFD.
    • Step 3. Select your country of residence.
    • Step 4. Enter your email and choose a password.
    • Step 5. Set up your account by stating your nationality, and personal details.
    • Step 6. Verify your account by uploading proof of address and proof of ID.
    Setting up a trading account with Trading 212

    Why is a Demo Account Important?

    Trading 212’s demo account serves a twofold purpose. It introduces traders to the broker’s services and allows them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment. You can set up a demo account for yourself alongside your live CFD account.

    Logging in to the client portal for the first time

    Trading 212 Supported Countries

    Trading 212 Markets Ltd does not accept clients from the United States and Canada.

    Research

    2.5
    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    Trading 212 no longer provides fundamental or technical analyses, though it has a dedicated news section and an economic calendar. The broker also does not incorporate any third-party tools, such as Trading Central or Autochartist. There is, however, Trading 212’s sophisticated calendar, which I found more informative than most conventional ones.

    Research Tools

    I have broken down Trading 212’s research tools by type:

    • Economic calendar. Trading 212’s economic calendar is pretty advanced, offering deeper insight than merely listing prominent upcoming events. I particularly liked the graphic design of the calendar, which helps emphasize the significance of a given market event and contextualize it against historical changes.
    • News feed. The platform’s web trader and mobile app versions notify traders when there are impactful market releases, helping them understand changing volatility levels.
    • Market sentiment tool. Also available from the platform, the proprietary market sentiment gauge is another great asset in a trader’s arsenal of tools. In addition to showing the discrepancy between buyers and sellers, it also displays the relation of the current spot price to the day’s low and high. I like using such tools for my own trading as gauges of likely reversals and rebounds from major support and resistance levels.
    • Hotlist. Trading 212’s hotlist demonstrates how traders are positioning themselves on the market by displaying how many buyers or sellers have accumulated on a company’s stock over a given period of time. Such information about the top gainers and losers is very practical, as it can help traders forecast currently unfolding downtrends and uptrends.
    Trading 212’s economic calendar

    Education

    3
    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    The broker has published 160+ educational videos on its YouTube channel covering a broad range of topics. However, there are no regular webinars or videos explaining how to use the platform. What I truly appreciated about Trading 212’s video materials is that they delve into the psychology of trading, which, in my opinion, is decisive for long-term success.

    Trading 212’s educational videos

    The bulk of Trading 212’s educational videos are dedicated to essential trading topics, such as technical and fundamental analyses. I also was pleasantly surprised to find a couple delving deeper into the psychology of trading, which is often neglected but supremely important for long-term success.

    Trading 212 also has a few dozen written articles available in the ‘Learn’ portion of the website, however, they are dedicated solely to investing and are not particularly useful for traders. Probably the greatest learning asset of Trading 212 is its above-mentioned Community Form, where traders can learn from one another by sharing their experiences. I found this social platform particularly useful for helping beginners and even more advanced traders with their longer-term learning curves.

    Trading 212’s educational articles on investing

    The Bottom Line

    Two decades and 2 million clients after its foundation, Trading 212 remains one of the most prominent derivatives brokers in the online trading industry. Being the first to introduce commission-free stock trading in Europe, the broker is a true pioneer when it comes to offering sophisticated trading solutions.

    I assessed the broker to be quite safe because all three entities have top-tier licensing in Europe and the UK and comply with MiFID 2. In addition to its robust licening and competitive pricing, Trading 212 has a very versatile proprietary trading platform, great tools, thousands of tradable instruments, and excellent investing solutions.

    However, Trading 212’s educational and research content has a rather limited scope compared to other brokers. The broker would also benefit from incorporating additional third-party tools to make its offering more nuanced.

    In summary, Trading 212 can be a reliable partner to both beginners and seasoned traders, all of whom can benefit from working with a well-established industry leader.

    FAQ

    Trading 212 is headquartered in Sofia, Bulgaria. It also has offices in London, UK, and Limassol, Cyprus.
    Yes, the company is fairly safe and transparent. It has top-tier licensing, adheres to the most stringent safety procedures, and has a well-established brand name. All of its entities operate under ESMA’s MiFID 2.
    Beginners can take advantage of Trading 212’s competitive pricing, sophisticated platform, and dedicated community forum. However, its educational materials have a rather limited scope.
    Trading 212 does not have a minimum deposit requirement.
    Clients of Trading 212 can withdraw funds from their trading accounts using a bank card, wire transfer, or e-wallet. They have to use a different method from the one used for deposit.
    Trading 212 usually processes all withdrawal requests within 2-3 business days. Transaction times may vary.
    The maximum leverage for retail traders with Trading 212 is 1:30.
    Accounts can be opened from the main page of the website.
    Trading 212 offers its own web platform.
    Yes, it does.
    No, scalping is not permitted with Trading 212.
    Traders can automate their trading using Trading 212’s OCO orders feature.
    Yes, hedging is allowed with Trading 212.
    No. Spread betting is not available with Trading 212.
    No, Trading 212 does not offer VPS hosting.
    Depends on the particular asset class. For instance, the Forex market is open 24/5, whereas shares of U.S. companies can be traded during the New York Stock Exchange (NYSE) open – Monday to Friday from 09.30 a.m. to 4 p.m. EST.
    No, Trading 212 operates on a No-Dealing-Desk (NDD) basis. It obtains its liquidity from other financial institutions.
    No, it does not.

    See Trading 212 Full Information

    Headquarters CountryUnited Kingdom
    Foundation Year2003
    RegulationsCySEC (Cyprus), FCA (United Kingdom), FSCM (Mauritius)
    Publicly TradedNo
    Number Of Employees437
    Trading Desk TypeNo dealing desk, Hybrid
    Trading PlatformsProprietary
    Restricted Countries
    Canada, United States
    Supported Languages
    Multi-lingual
    Min Deposit$0
    Max Leverage1:30 (CySEC ), 1:30 (FCA), 1:3000 (FSCM)
    Deposit OptionsPayPal, Wire Transfer, Giropay, Credit Card, iDeal, E-wallets, ApplePay, GooglePay
    Withdrawal OptionsWire Transfer, iDeal, Skrill, Credit Card, PayPal, E-wallets, ApplePay, GooglePay
    Time to Withdrawal3
    Time to Open an Account8
    Crypto
    Bitcoin Cash, Bitcoin, Cardano, Dogecoin, Litecoin, Ethereum, Polkadot
    Products
    Currencies, Stocks, ETFs, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersYes
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorNo
    Social TradingNo
    AutochartistNo
    Trading SignalsNo
    Platform Languages
    English, Russian, French, Dutch, Portuguese, Polish, Czech, Bulgarian, Italian, Spanish, German, Romanian
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatNo
    Daily Market CommentaryNo
    News (Top-Tier Sources)Yes
    WebinarsNo
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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