TRADING 212 REVIEW

Another complete and unbiased Review from Engine Forex

Trading 212 is a trading name of the registered companies Trading 212 UK Ltd. and Trading 212 Ltd. The company was founded in the year 2004 and originally started out in Bulgaria under the  trading names of Avus Capital Ltd before also incorporating in the United Kingdom as Avus Capital UK Ltd.

Today, Trading 212 is a London, UK based fin-tech company that prides itself in having democratised the financial markets with their free, smart and easy-to-use trading apps, giving anyone the opportunity to trade currencies, equities, commodities and more.

Their mobile apps have already reached more than 12 000 000 downloads worldwide, which makes them one of the most popular trading apps in the entire world. 

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT TRADING 212

In Summary

Trading 212 is regulated in two jurisdictions by two different regulatory bodies:

Trading 212 UK Ltd. is a registered company in England and Wales (Register number 8590005) which is authorised and regulated by the Financial Conduct Authority (FCA) (Register number 609146).

Trading 212 Ltd. is a registered company in Bulgaria (Register number 201659500)which is authorised and regulated by the Financial Supervision Commission (FSC) (Register number RG-03-0237).

Spreads Comparison

CHARGES AND MARGINS AT TRADING 212

In Summary

Trading 212 aims to disrupt the stock brokerage industry by offering the first and only zero commission stock trading service in the United Kingdom and Europe, unlocking the stock market for millions of people around the globe.

The only fees that incur are the spreads. Those spreads are competitive but definitely not the lowest on the market. Some spreads are fixed while others are floating.

In terms of account choice everything is kept very simple as clients can only select between a practice account and the real, commission-free trading account.

The minimum deposit requirement is set to €/£/$ 29 and maximum leverage is capped at 30:1 for all retail investors and 300:1 for institutional and professional investors as per the current ESMA regulation enforced on all EU and UK based brokers.

TECHNOLOGY

In Summary

Trading 212 doesn't offer any third party trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader but allows access to their purpose-built, proprietary mobile app which is available on both iOS and Android mobile devices.

The trading app is pretty simple and easy-to-use, with good visuals enhancing the customer experience. The mobile app allows Forex trading, trading CFDs as well as equities. Novice and experienced traders alike will enjoy the built-in range of features, charts and technical analysis tools.

Trading 212 provides straight-through-processing (STP) which allows fast trade execution and typically little to no slippage.

Execution of Speed Comparison

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF TRADING 212's CUSTOMER SERVICE AND CLIENTS

In Summary

The company offers 24/5 customer support via live chat, phone and email. Their mobile app has been downloaded over 12 million times so far. Since 2016, Trading 212 have been the UK’s #1 trading app, and in 2017 they reached the #1 spot in Germany as well.

Clients can start trading with either a demo account or the "real money" live trading account option.

Available payment methods include: debit cards / credit cards (VISA & Mastercard), Maestro cards, Skrill and bank wire transfers.

There are over 1,800 financial instruments available for trading, including over 150 Forex pairs, a decent range of digital assets such as Ripple's XRP, Ethereum and Bitcoin, as well as indices, stocks and commodities.

FOREX AND OTHER TRADING OPTIONS AT TRADING 212

In Summary

Over 1,800 financial instruments can be utilized with the Forex broker Trading 212, including over 150 Forex pairs, digital assets (Ripple's XRP, Ethereum, Bitcoin, etc.), indices, stocks and commodities.

Traders can choose to trade the options mentioned above on some of the world’s top financial markets as CFDs such as the Australian S&P 200 Index,  Dow Jones 30, Germany’s DAX 30, UK FTSE 100 Index, US E-mini S&P 500, EU 50 and Hong Kong’s Heng Seng 50.

Trading 212 offers maximum leverage of up to 30:1 for retail clients and the minimum deposit requirement is set to €/£/$ 29. As per the current ESMA regulation, professional clients can trade with a maximum leverage of up to 300:1.

There are no commissions charged on trading of any asset.

An inactivity fee is applied to CFD accounts with no trades for a period of at least six consecutive months (180 days).

SPECIAL FEATURES OF TRADING 212

In Summary

Trading 212 is authorised and regulated by the FCA of the United Kingdom as well as the FSC of Bulgaria.

One, single account option available.

Simple, uncomplicated approach to trading.

1,800 financial instruments.

Own proprietary mobile trading app that is user-friendly, intuitive and easy-to-use.

Reliable trade execution.

Maximum leverage can only be set as high as 30:1 as per ESMA's guidelines for European online brokerage firms.

Low minimum deposit requirement of just €/£/$ 29.

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Max Leverage Comparison

IN CONCLUSION

Trading 212 has done very well in trying to disrupt the stock brokerage industry by offering the first and only zero commission stock trading service in the United Kingdom and Europe. Their very user-friendly mobile trading app is  opening up the stock market for millions of people around the globe. The trading app is particularly useful for novice traders because of its intuitive feel and simple, yet powerful components. Being capped by European regulations (ESMA) to offering a maximum leverage of just 30:1 to retail investors is the only disadvantage we found next to many positive features of Trading 212.