Established in 2004, Trading 212 belongs to Avus Capital UK Ltd., which is registered in England and regulated by the Financial Conduct Authority. Trading212 has captured over 200,000 users around 65 countries and brings all of us one step closer to currencies, commodities, stocks and indices trading. The clients take advantages of secure transactions, various trading instruments, competitive tight spreads and wide range of useful, educational resources on the broker’s official website.
Trading212 is Non Dealing Desk broker, or in other words, the orders are processed instantly without any third party approval.
Client’s funds are kept separately from the company’s money in segregated bank accounts. This means that there is FSCS compensation of up to $50,000 of the client’s funds if the broker fails to follow its obligations.
There is, of course, demo account with which you can practice your strategies and get to know the platform interface. There is no time limit on the practice account and you can always get in touch with the broker and request the refill of virtual funds or you can simply reset your practice account from the “settings” menu.
According to the broker, real account is completely the same as the demo account, only you use the real money and should be aware of the risks involved.
Trading 212 allows you to open the real account in GBP, EUR and USD currencies. It is necessary to provide the broker with the copy of your ID card for security reasons and proper identification. You can open more than 1 trading account.
Maximum available leverage is 1:200. Most instruments have fixed spread, apart from the instruments with PRO suffix in their name. For example, EUR/USD is 1.8 pips fixed spread, while EUR/USD PRO has floating spread raging from 0.9 pips to 3 pips. Minimum lot size is 5k.
Unlike almost all brokers today, Trading212 doesn’t offer MetaTrader 4. Instead you have single in-house platform which gives you access to everything you can think of. The platform is user-friendly, flexible and can be accessed from any computer as long as there is internet connection. The interface is supplied with advanced charting, technical analysis, built-in economic calendar, real-time news and other features necessary for successful trading.
All of the above is available in mobile version and can be easily accessed via iPhone and Android devices.
Minimum deposit requirement is $100, while maximum account size is EUR 500,000.
Trading212 accepts bank transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay.
Withdrawals usually take up to 2-3 business days to be processed once approved, depending on your payment option choice. Note that some payment methods charge fees for any payment transactions.
According to the broker, it doesn’t charge any additional fees for withdrawals, however right underneath this statement Trading212 states that “for all withdrawals, our bank applies a fee of EUR 5 (or its equivalent in other currency) “. For security reasons you can use only one payment method for both funding and withdrawals.
Trading 212 reviews its customer support as one of its best features. Representatives are there to help you out around the clock in 16 different languages.