{"id":506209,"date":"2022-11-21T01:36:00","date_gmt":"2022-11-21T01:36:00","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=506209"},"modified":"2023-01-05T11:29:44","modified_gmt":"2023-01-05T11:29:44","slug":"trading-212-review","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/trading-212-review\/","title":{"rendered":"Trading 212 Review – Is it Safe and Legit?"},"content":{"rendered":"
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\"Trading<\/figure>\n\n<\/div><\/div><\/div>\n\n
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Trading 212 has quickly amassed a big user base over the past years, with 12+ million users having downloaded their trading app, making Trading 212\u2019s app one of the most commonly-used trading apps ever. The broker\u2019s clients get to trade Forex pairs, stocks, ETFs, indices, and cryptocurrencies.<\/p>\n\n\n\n

Trading 212 began as Avus Capital in Bulgaria before being incorporated in the United Kingdom in 2013, which implies that the broker is regulated both by the Financial Conduct Authority (FCA) in the United Kingdom, as well as the Financial Services Commission (FSC) in Bulgaria.<\/p>\n\n<\/div><\/div><\/div>\n<\/div>\n<\/div><\/div>\n\n\n

Could Trading 212 be the perfect broker for you? This is exactly what you\u2019ll find out by the end of this unbiased review, which will help you find a crystal clear answer about whether you should start investing your money with Trading 212 or not. <\/p>\n\n\n\n

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Summary<\/h2>\n\n\n\n

Trading 212 is a CFD broker that is regulated by a number of financial regulatory bodies. It provides its clients with commission-free stocks and ETFs, as well as attractive non-trading and CFD fees. The process of opening a Trading 212 account is quick and easy, and the trading interfaces are almost flawless.<\/p>\n\n\n\n

Trading 212, on the other hand, offers a limited product selection, lacking major asset types like bonds and options. There\u2019s also excessive forex fees on Trading 212.<\/p>\n<\/div><\/section>\n\n\n\n

Overview<\/h2>\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Broker<\/th>Trading 212<\/td>\n<\/tr>\n
Founded<\/th>2004<\/td>\n<\/tr>\n
Headquarters<\/th>London, United Kingdom<\/td>\n<\/tr>\n
Minimum Deposit<\/th>$1<\/td>\n<\/tr>\n
Inactivity Fees<\/th>$0<\/td>\n<\/tr>\n
Withdrawal Fees<\/th>$0<\/td>\n<\/tr>\n
Demo account<\/th>Yes<\/td>\n<\/tr>\n
Forex Trading<\/th>Yes<\/td>\n<\/tr>\n
CFD Trading<\/th>Yes<\/td>\n<\/tr>\n
Cryptocurrency<\/th>Yes<\/td>\n<\/tr>\n
Tier-1 Licenses<\/th>Yes<\/td>\n<\/tr>\n
Mobile App<\/th>Yes<\/td>\n<\/tr>\n
US-Accepted<\/th>No<\/td>\n<\/tr>\n
Customer Support<\/th>Live chat and email<\/td>\n<\/tr>\n
Our Score<\/th>4.5\/5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

Trading 212 Compared<\/h2>\n\n\n\n

We compared Trading 212 to some of its strong competitors to see how it does compared to the successful brokers in the industry. Check the table below:<\/p>\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t
Broker<\/th>Trading 212<\/td>eToro<\/a><\/td>Degiro<\/a><\/td>Plus500<\/a><\/td>Oanda<\/a><\/td>Forex.com<\/td>\n<\/tr>\n
Founded<\/th>2004<\/td>2006<\/td>2008<\/td>2008<\/td>1955<\/td>2001<\/td>\n<\/tr>\n
Minimum Deposit<\/th>$1<\/td>$50 - $200<\/td>$0<\/td>$100<\/td>$100<\/td>$0<\/td>\n<\/tr>\n
Inactivity Fees<\/th>$0<\/td>$10\/year after 1 year<\/td>$0<\/td>$10\/month<\/td>$14\/month<\/td>$15\/month<\/td>\n<\/tr>\n
US-Accepted<\/th>No<\/td>Yes<\/td>No<\/td>No<\/td>Yes<\/td>Yes<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

Pros and Cons<\/strong><\/h2>\n\n\n\n

Before investing your money with any broker, you should first have a good understanding of what they offer and what they don\u2019t. Take a look at the table below to understand the aspects in which Trading 21 excels and falls back:<\/p>\n\n\n\n

Pros<\/th>Cons<\/th><\/tr><\/thead>
Commission-free real stocks and ETFs<\/td>High financing rate<\/td><\/tr>
Excellent trading platforms<\/td>High-fee forex<\/td><\/tr>
Fast account opening process<\/td>Lack of currencies and no USD currency<\/td><\/tr>
No minimum deposit<\/td>Lack of customizability in workspace and charts<\/td><\/tr>
No deposit fees<\/td>Limited products<\/td><\/tr>
No withdrawal fees<\/td>No news flow<\/td><\/tr>
No inactivity fee<\/td>No phone support<\/td><\/tr>
Demo account<\/td>No webinars<\/td><\/tr>
Regulated by top-tier authority (FCA)<\/td>No public financial information<\/td><\/tr>
Price alerts on mobile app<\/td>Not listed on stock exchange<\/td><\/tr>
Great search function<\/td>Doesn\u2019t hold a banking license<\/td><\/tr>
Interactive charts<\/td><\/td><\/tr>
Useful educational videos<\/td><\/td><\/tr>
Negative balance protection<\/td><\/td><\/tr>
24\/7 customer service <\/td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Account Opening<\/strong><\/h2>\n\n\n\n

Trading 212 has a smooth, fully digitalized account opening process.<\/strong> The account usually takes 1 business day to get verified. Follow the instructions below if you wish to open a Trading 212 account:<\/p>\n\n\n\n

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  1. Enter personal information such as your date of birth and email address as well as your country of residence.<\/li>\n\n\n\n
  2. Provide tax information, such as the state where you pay taxes and your tax identification number.<\/li>\n\n\n\n
  3. Choose the account type you want and the base currency for your account.<\/li>\n\n\n\n
  4. You\u2019ll be asked to provide answers to some questions regarding your financial situation and trading history.<\/li>\n\n\n\n
  5. All that\u2019s left is to agree on the terms and conditions, then verify both your identity and residency to activate the account.<\/li>\n<\/ol>\n\n\n\n
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    \"personal<\/figure>\n\n\n\n
    \"residential<\/figure>\n\n\n\n
    \"account<\/figure>\n
    Account Opening<\/em><\/figcaption><\/figure>\n\n\n\n

    To activate your trading account, you must first identify yourself by giving the following information to Trading 212:<\/p>\n\n\n\n