Trading 212 Review

Trading 212 is one of the most famous brokers, it is especially welcomed by the traders who prefer the trading platforms that make trading easy and intuitive. Trading 212 is London-based fintech company that offers customers free, smart and easy to use platform and apps for the trading with CFDs, indices, commodities, cryptocurrencies, and more. There are two operating companies behind the broker Trading 212 UK Ltd and trading 212 ltd that are regulated by the FCA and FSC, therefore we can say that Trading 212 fraud is not possible and the broker is legit. The Forex brokerage offers the trading app that is named as the best investing and trading app in the United Kingdom. The broker has a great selection of the trading tools and has a zero commission, at the same time offers flexible payment methods that can be considered as a big plus. One of the best things that differentiate the trading 212 from other brokerages is its attitude to the Forex education as the broker provides numerous videos for traders on their Youtube channel, but before we go into the details of the broker service lets have a quick overview of the company itself.

Trading 212 overview

Trading 212 is the trading name of Trading 212 UK Ltd and trading 212 ltd, previously known as Avus Capital UK Limited and Avus Capital OOD respectively.  Trading 212 UK Ltd is based in London, United Kingdom and is fully authorized and regulated by the UK watchdog FCA. Trading 212 Ltd is registered in Bulgaria and is authorized and regulated by the local financial authority – FSC.  On their website Trading 212 Forex broker has displayed the information about the regulators as well as the license numbers, as our team checked with the regulator both of the licenses are valid. Overall the company has a clear history, it does not have any records of the violation of any regulations, it has not been fined by the regulators and has not had any court cases. Therefore we can clearly say that the Trading 212 scam is really out of the question here and the broker is fully legit.

As the company is registered in the United Kingdom and in Bulgaria they except the customers based on their country of the residence. Currently, the UK and Germany residents are registering with the UK registered company while the customers with the residence of other countries are being registered with the Bulgarian company. Due to this fact, many some of the traders were considering  Trading 212 scam to be real, saying that the company can be treating the UK and German citizens fairly, however, misleading clients from the other countries. But as the broker is fully regulated by the Financial Supervision Commission in Bulgaria, and is not registered somewhere offshore there is no ground for the doubts in the legitimacy of the company, moreover, the broker has displayed full information on their website, which states again that Trading 212 fraud cannot be the case.

Trading212.com review

The website of the Forex brokerage can speak loudly about how the broker is running the business and how much does it care about the user experience and customer satisfaction. Once you enter Trading212.com you get the feeling that you have entered the website of a trustworthy broker which is determined to provide with the best experience to the visitors. The website is secure, meaning that all the information you enter as a user is secure and safe. The website is available for 10 languages including Spanish, Russian, Italian, Dutch, Chinese and more. The variety of languages is always a big plus for the brokers and raises Trading 212 rating for us.

The website is nicely designed, it comes with a combination of white and blue that does not make the eyes of the readers tired. The navigation is pretty easy as well and landing time from one page to another is fast, one can easily find interesting topics and sections without much hassle. On the first page of the website, there are several categories that include information about the accounts, trading products, trading conditions and more. To say shortly – the website provides all the information that one might need to know about the broker and its services and our team was happy and satisfied with the results of the Trading212.com review.

Education

The education that Trading212 is providing on their website is worth mentioning separately. On the “learn” section the user can find a nice guide for the basics of Forex trading, information about the trading modes, the explanation of how to use the charts, general concepts and terms, economic indicators and finally up-to-date explanatory videos about the finances, economics and Forex tradings. It is always nice to see that the broker invests in the education of its customers and not only – it also helps the people who are generally interested in Forex Trading or are just beginners and require more education. Therefore it is a big plus for the people who are considering trading with Trading 212.

Besides the website, one can see the educational content and information about the broker on their social media. Trading 212 is presented on almost all social networks which is making the connection with them easier and more comfortable. The broker has accounts on Facebook, Twitter, and Instagram and is being active on a daily basis and has a good base of followers. In addition to this, the broker has a Youtube account with a big library of educational videos and a solid number of the subscribers. So, after all, there is no room for the question can Trading 212 be trusted or not as the answer is obviously yes.

Trading platform

The trading platform is what the Trading 212 can be really proud of. The broker has own trading and investing app which is available on both App Store and Google Play. The platform is highly intuitive, very easy to use and overall has a lot of good reviews. Trading 212 trading app has over 14 million downloads and is rated by the 40 000 + customer that talks about the app and the Trading 212 rating itself.  The mobile apps are generally very welcomed by the traders as it is very convenient to have access to the trading platform whenever and wherever you wish. Especially when the app is designed in a way that it satisfies every customer, after all, the Trading 212 mobile app was rated as the #1 trading and investing app in the United Kingdom since 2016 and in 2017 it was also named as the best app for trading in Germany!

Trading conditions with Trading 212

With Trading 212 FX brokerage you can trade with the stocks like a Tesla Motors, Lloyds Adobe Systems Incorporated, Adidas AG and many more, up to 150 currency pairs, cryptocurrencies, indices and commodities such as gold, silver, oil and more. The overall list is very impressive and satisfactory for all kind of traders.  The trading conditions are different depending on the assets you are trading.

Deposit and withdrawal

The minimum deposit for the equities trading is 1 GBP/EUR/USD at the same time, the minimum withdrawal for equities is also 1 GBP/EUR/USD. The minimum deposit for the other assets is 100 GBP/EUR and 150 USD. Funding the account is quite fast if you are using credit or debit card, it takes 10 minutes only after approval. if you send the money via bank transfer it may take 2-3 business days which clearly is not ideal but as the users can have various options of payment methods this problem can be avoided.

As for the Trading 212 withdrawal, the minimum amount for the assets except equities is 100 GBP/EUR and 150 USD. There is no withdrawal fee applicable which is a plus, however, bank transfer fees might be applied. The payment methods that can be used with the broker is various. Another good thing is that Trading 212 Forex broker offers zero commission, they only charge for the currency conversions which is 0.3% – 0.5 % but it is not unusual as it is a common practice.
Usually, it takes up to 2-3 days to receive your money on your bank account or credit/debit card which is good because, with many of the brokers, customers have to wait up to one week.

Inactivity Fee

It is never good when the broker has an inactivity fee, unfortunately, the Trading 212 also charges traders for inactivity. The fee is applicable for the CFD tradings only and it applies to the accounts that have not generated any transactions for six consecutive months. However, the inactivity fee is not high, it is 9 GBP/EUR/USD and we can say that it cannot be considered as a major disadvantage.

Payment methods

Payment method is another important part of our Trading 212 review. The variety of payment methods always speaks good about the brokers, it means that the brokerage is flexible for the traders. Trading 212 has the payment methods available via the most trusted payment providers such as Visa, MasterCard, Maestro, Skrill, and Wire Transfer.

Account Types

A short time ago Trading 212 had two account types, one live account, and the other – Demo, where the user could practice without depositing any money. Now they the broker simplified the account types and the trader can have access to both real and practice accounts with only one Trading 212 account. The registration is very simple, after creating the real account the trader can easily switch between two accounts without much hassle. The practice account is also available on the website and can be accessed without the registration which is a really nice feature for those who is just starting getting into Forex trading.

Trading 212 support team

The support team is one of the reasons why many of the customers like to trade with this broker as our team learned from the Trading 212 opinions. The broker offers assistance on 24/7 in the languages that are available on the website. You cannot start the chat right away, as you need to fill the information which we are not very glad about, but it is a way to filter the chat and assist those who are in the need of help. Once you open the chat box you need to write your email, initial question and mark the topic your question is about. There are three categories you can choose from – technical assistance, account activation, and billing. After choosing you can start the chat. Overall the assistance from the Trading 212 support team is very fast and professional.

Final thoughts

Trading 212 offers products and service that every kind of trader can enjoy. After reviewing the broker’s regulations and the legitimacy of the products it is offering to its customers we can surely say that the Trading 212 scam is not possible. The broker invests a lot in the education of the traders and helps the individuals who want to start learning to trade, at the same time the broker takes the customer satisfaction and protection very seriously. Trading 212 has a modern and sophisticated trading app, zero commissions, high leverage, big variety of trading tools, flexible payment, and withdrawal system, professional customer support and many more features that make us confident to give Trading 212 high rating.