76% of retail investor accounts lose money when trading CFDs with this provider.
Trading 212 is a forex and CFD broker, licensed and authorized by the Financial Conduct Authority (FCA) in the UK – one of the most reputable financial watchdogs in the industry – and that makes Trading 212 a reliable broker.
Trading 212 offers a variety of forex pairs including major, minor and exotic ones, CFDs on gold, silver and oil, stocks, indices and lots of crypto coins including Bitcoin, Ripple, Ethereum, Litecoin, Dash, Monero, NEO and EOS.
In addition to that in September 2018 Trading 212 introduced the first zero commission share trading platform in the U.K., where you can purchase stocks and ETFs, listed on the world’s leading exchanges in the US, UK and Germany. Currently Trading 212 offers access to more than 1800 shares.
Another notable aspect of Trading 212 is their award wining mobile trading app, which currently has been downloaded over 14 million times.
Trading 212 regulation & safety of funds
Trading 212 is a trading name of Trading 212 UK Ltd. and Trading 212 Ltd., where Trading 212 UK Ltd. is registered in England and Wales and is authorized and regulated by the Financial Conduct Authority (FCA), while Trading 212 Ltd. is registered in Bulgaria and is licensed and authorized by the local Financial Supervision Commission (FSC).
All brokers regulated by the FCA should hold at all times a minimum operational capital of no less than 730 000 EUR, should keep their clients money in a segregated, protected form creditors, trust account, should file regular reports complemented by external audits, should grant all traders a negative balance protection, and should follow a strict set of ethical rules.
On top of that FCA regulated brokers are obliged to participate in the Financial Services Compensation Scheme (FSCS), basically insuring their clients money. Under the Scheme a client will receive up to 85 000 GBP of his or her trading capital in case the broker happens to be insolvent.
On top of that the FCA license as well as the one issued by the FSC, gives Trading 212 the freedom to operate in all EU countries.
As we already noted Trading 212 is a well regulated broker and that makes trading with them completely safe.
Trading 212 trading conditions
As tested with a demo account the benchmark EURUSD spread floated about 1.1 pips and we find this pretty attractive. Bear in mind that spreads starting below 1.5 pips with a standard account are generally considered good.
The leverage is in line with the latest requirements of the European Securities and Markets Authority – 30:1 for retail traders. Still, if you have experience and you can prove you are a professional trader, than you will be able to enjoy much higher leverage.
Trading 212 trading platforms
Trading 212 offers a proprietary web-based trading platform that has good functionality and a user friendly interface. It has an integrated economic calendar and live news and analyses section, as well as a set of advanced charting tools and lots of market indicators.
Trading 212 deposit/withdrawal methods and fees
Trading 212 accepts payments with Skrill, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay, as well as bank wire and credit or debit cards like MasterCard, Maestro, VISA and VISA Electron. Withdraw process takes up to 2 to 3 business days. The minimum deposit requirement is set at $29.
Trading 212 website is supported in English, Spanish, French, Italian, Deutsch, Dutch, Polish, Norwegian, Swedish, Czech, Russian, Romanian, Arab, Mandarin, Greek, Hungarian, Portugal and Malay.