Plus500
- Min Deposit $100 or equivalent
- 2,000+ Tradable Assets
- Max Leverage: 30:1 , 300:1 professional clients
- Official Partner Atlético de Madrid
Trading 212
Min $1
8.8/10 (Expert Score)
Product is rated as #2 in category Share Dealing Platforms This Trading 212 review gives you all the key facts you need to decide if it’s the right platform for your money. Brought to you by Brokerage Compare.
PROS:
- Min Deposit $1
- Max Leverage: 30:1, 500:1 Pro clients
- Tradable Assets: 6,500+
- Forex, Crypto, Stocks, Commodities, ETFs & Indices
- Credit/Debit card, Bank transfer, Electronic wallets
- Web Trader, Mobile App
- Email, live chat, 24/7 support
- 11 Languages Supported
CONS:
- Desktop Trader, MetaTrader 5, MetaTrader 4
- No phone support
- Basic tools for fundamental analysis
Trading 212 Review
Trading 212 is a fintech company offering straightforward apps that enable trading in equities, currencies, commodities etc. It was founded in 2004 by Ivan Ashminov and Borislav Nedialkov, it’s based in London and it employs 200 staff. Trading 212’s mobile app has been downloaded 14m times, making it the UK’s top trading app since 2016.
Trading 212 Fees Review
PROS:
- No deposit fees
- No withdrawal fees
- No account or inactivity fees
CONS:
- None
CFD Fees
There are no fees per CFD trade on Trading 212. Trading instruments don’t carry a commission and you will only pay a 0.5% currency conversion charge. Trading 212 will credit or debit your account with an interest SWAP on a daily basis for your open positions.
You can see some examples of such SWAPS for popular instruments in the table below, which is accurate at the point of publishing:
| Instrument | Margin – Retail Clients | Margin – Pro Clients | Long Position SWAP | Short Position SWAP |
|---|---|---|---|---|
| EUR/USD | 3.33% | 0.2% | -0.000154 | 0.000002 |
| GBP/USD | 3.33% | 0.2% | -0.000084 | -0.000027 |
| APPLE | 20% | 5% | -0.021792 | -0.017532 |
| Gold | 5% | 0.33% | -0.211412 | -0.094734 |
| UK 100 | 5% | 0.2% | -0.368250 | -0.122750 |
| Bitcoin | 50% | 5% | -6.012024 | -0.004146 |
Market opening times are 10:01pm (GMT) on Sunday until 9:59pm (GMT) on Friday.
SWAPs are applied for all open positions at 10:00pm (GMT).
Non-trading Fees
| Account Fee | Deposit Fee | Withdrawal Fee | Inactivity Fee |
|---|---|---|---|
| $0 | $0 | $0 | $0 |
Trading 212 Deposits & Withdrawals Review
PROS:
- Min deposit $1
- 9 account base currencies
- Credit/Debit card, Bank transfer, Electronic wallets
CONS:
- 0.5% conversion fee for CFD accounts
Account Base Currency
Trading 212 supports the following currencies: GBP, USD, EUR, CHF, SEK, NOK, PLN, RON, CZK. However, when you open an account with them and depending on where you’re based, you’ll be given a choice of 2-3 base currencies which include USD and your local currency, if available. For example, customers trading from the UK can only choose between GBP, USD and EUR.
Another important thing to note is that, once you choose your account base currency, you cannot switch to a different one. If you absolutely want to, you’ll need to close your account and open a new one.
Trading 212 doesn’t charge currency exchange fees for INVEST and ISA accounts but there’s a 0.5% currency conversion charge for CFD.
How long will it take for my deposit to show on Trading 212?
If you make the deposit over card, either debit or credit, it’ll show within a few minutes. Bank transfers take 2-3 business days before they appear as “available funds” in your account.
What is Trading 212 minimum deposit?
Trading 212 minimum deposit is $1 or equivalent.
When will I have access to my money if I withdraw from Trading 212?
Trading 212 processes all withdrawal requests within 2 business days. It can then take up to an additional 3 days for the funds to show in your account, which is entirely dependent on your payment provider.
Can I withdraw any amount?
There’s a minimum limit of $10, or equivalent.
Does Trading 212 charge withdrawal fees?
No, Trading 212 doesn’t charge withdrawal fees.
Are there any terms on where I direct any funds I withdraw?
Trading 212 will always direct the funds you withdraw to the payment method you used to deposit in the first place, i.e. if you deposit funds via bank transfer, they will direct withdrawn funds to that bank account, and if you deposit funds via card, they will refund back into the same card. If you use multiple methods to deposit funds, they will refund into your card and, if you use multiple cards, they will select one to refund into.
Make your First Deposit with Trading 212
back to menu ↑Trading 212 Account Types Review
You can easily open a Trading 212 account online, using your email address. The next step is account verification which requires a copy of an ID document (passport for non-EEA citizens, passport or ID card or driving license for EEA citizens) and a valid proof of residence, e.g. a bank account statement. Non-EEA citizens will also be required to provide a selfie.
Then you get to choose between two account options: INVEST, which allows you to purchase equities and ETFs but not crypto, forex or commodities, and CFD, where you’re speculating on whether the price of an instrument will increase or decrease. CFDs are a leveraged product so you borrow money on “margin” from Trading 212 allowing you to have a bigger position than you otherwise would. UK residents have access to a third account option, which is a stocks-and-shares ISA. ISA accounts are not subject to capital gains tax or dividend tax and you can deposit up to £20k per UK tax year.
Platform Languages
The Trading 212 platform is multilingual with 11 languages: English, Deutsch, Nederlands, Français, Italiano, Español, Polski, Русский, Română, العربية, 中文
Open a CFD Account with Trading 212
back to menu ↑Trading 212 Platforms & Assets Review
PROS:
- 6,500+ tradable assets
- Forex, Crypto, Stocks, Commodities, ETFs, & Indices
- Web Trader, Mobile App
CONS:
- Desktop Trader, MetaTrader 5, MetaTrader 4
Mobile App
Trading 212 offers an excellent trading app, that’s easy to download on both iOS and Android. The navigation is straightforward, data visualisations are very useful and clearly built with traders’ needs in mind. You can even trade directly from visualisations.
Download Trading 212 Mobile App
back to menu ↑Trading 212 Customer Service Review
PROS:
- Email, live chat
- 24/7 support
CONS:
- No phone
Trading 212 offers 24/7 customer service via email and an in-app live chat.
back to menu ↑Is Trading 212 safe?
| Regulator | License | Legal Entity |
|---|---|---|
| Financial Conduct Authority (FCA) | 609146 | Trading 212 UK Ltd |
| Bulgarian Financial Supervision Commission (FSC) | RG-03-0237 | Trading 212 Ltd |
Is Trading 212 safe?
- Yes, it is authorised and regulated by the Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC).
Is there negative balance protection on Trading 212?
- Yes, Trading 212 will close your account to protect you from a negative balance. Please note that negative balance protection doesn’t apply to professional clients and eligible counterparties.
Disclaimer
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Specification: Trading 212
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Videos: Trading 212
Photos: Trading 212
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