Trading 212 Review 2022

We do not recommend Trading212. Margin requirement changes made with no notice leave traders exposed to additional risk, and a mobile app rating of just 1.1* illustrates a serious issue with user satisfaction
Please see the Brokers List for alternatives.
2.3
Stop United States not accepted.

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Trading 212 offer a mobile trading experience with copy trading functionality and a range of investing assets.

Awards
  • #1 Trading App - Apple App Store
InstrumentsForex, CFDs, Indices, Shares, Commodities, ETFs
Demo AccountYes
Min. Deposit€/£/$1
Payment Methods
Min. Trade0.01 Lots
Regulated ByFCA, CySEC, FSC
MetaTrader 4No
MetaTrader 5No
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralNo
AutochartistNo
eSignalNo
STP AccountYes
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS & Android
Margin TradingYes
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingAutoInvest portfolio
Social TradingYes
Copy TradingYes
Islamic AccountNo
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • SEK
  • NOK
  • CHF
  • CZK
Guaranteed Stop LossNo
Stock Exchanges
  • Australian Securities Exchange
  • CAC 40 Index France
  • DAX GER 40 Index
  • Euronext
  • FTSE UK Index
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • S&P 500
  • SIX Swiss Exchange
Commodities
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Gasoline
  • Gold
  • Livestock
  • Natural Gas
  • Oil
  • Palladium
  • Platinum
  • Silver
  • Soybeans
  • Sugar
  • Wheat
CFD TradingTrade CFDs on a range of markets commission-free including forex, stocks, and commodities
CFD FTSE Spread2.5 points
CFD GBPUSD Spread0.00028 pips
CFD Oil Spread0.4 pips
CFD Stocks Spread0.2% Var
CFD Leverage1:30
Forex TradingTrade 170+ major and minor currency pairs with floating spreads.
Forex GBPUSD Spread0.00028 pips
Forex EURUSD Spread0.00015 pips
Forex EURGBP Spread0.00044 pips
Forex Assets170+
Risk Warning – Your capital is at risk

Trading 212 is a European brokerage and fintech company that enables investors to trade several asset classes on a straightforward mobile platform. The app has been downloaded more than 14,000,000 times, making it one of the most recognized trading platforms in the investing world.

This Trading 212 service review will cover platform features, trading fees, account types including the demo profile, minimum deposit requirements and accepted payment methods. We also review the mobile app in detail and flag any concerns investors should know before signing up with Trading 212.

Company Details

Trading 212 operates across three trading entities; Trading 212 UK Ltd, Trading 212 Markets Ltd, and Trading 212 Ltd. With this, it is regulated across Europe to provide services internationally.

The broker was founded in Bulgaria as a company called Avus Capital before being incorporated in 2013 and is now headquartered in London, UK. Clients can trade several asset classes including CFDs on forex pairs, stocks and indices, plus day traders can access real stocks and ETFs.

Over the last five years, Trading 212 has rapidly grown its user base with 1.5 million active customers today. The broker has processed £3 billion in customer assets since it launched, making it one of the most well-known trading brokers in the world. It has also ranked as the UK’s #1 trading app since 2016 and reached the #1 title in Germany in 2017.

Trading Platform

Trading 212 offers a proprietary trading terminal. Optimized for the mobile user’s experience, our experts were pleased that the platform is simple to navigate, yet offers a decent range of features, charts and analysis tools without feeling clunky or overburdened. The intuitive design is one of the key advantages, with fully customizable tiles and viewpoints. Additionally, when using the Trading 212 platform, traders benefit from alerts, notifications, and portfolio and fee reports giving you direct access to your investment performance.

One strong feature when using the Trading 212 platform is the ability to place trades in multiple ways and perform several operations on the same trading pair simultaneously. Some investors may prefer more complex or feature-rich platforms, often found on MT4 – but equally, many will appreciate the custom-built, bespoke feel of the Trading 212 app.

It is worth noting that the WebTrader has been disabled to ‘increase our focus and efforts focussing on the main mobile and web app’. Nonetheless, it is quick and simple to register for the web app, with compatibility across all major web browsers including Google Chrome and Safari. Investors can also switch between two ‘views’ based on trading experience.

How To Place A Trade

Once you have registered for a Trading 212 account, verified your identity and added funds, you can begin trading. To make a trade:

  1. Find an asset using the navigational search bar or browse ‘top winners’ ‘top losers’, ‘popular’ for inspiration
  2. Select the ‘buy’ icon
  3. An order window will appear
  4. Complete new order details including volume, order type and relevant risk management tools

While using the proprietary trading platform, our experts found the software relatively easy to make trades through. However, experienced investors may want to consider switching to ‘advanced view’ to access better trading tools and analysis features.

Trading 212 web app

Assets & Markets

Trading 212 offers over 1800 tradable assets, though this varies by account type. Nonetheless, investors can access 1500+ stock CFDs, 170+ currency pairs, 35 stock index CFDs, 25 ETF CFDs, and 28 commodities. Trading 212 retail clients can also invest in real stocks and ETFs. This includes access to more than 8500 stocks. You can also trade fractional shares with as little as £1, which is ideal for beginners or those with limited capital.

In 2021, Trading 212 restricted its offering of cryptocurrency trading, following the prohibition of the sale of the asset to retail clients set by the Financial Conduct Authority (FCA). This included removing opportunities to trade Bitcoin, Ethereum and Ripple. At the moment the brokerage still does not offer access to any form of crypto investments.

Spreads & Fees

Trading 212 offers relatively tight spreads, although not the best in the market. Other brokers offer cheaper trading. Nonetheless, the broker offers commission-free stock and ETF trading, and it is good to see there are no fees for deposits and withdrawals or charges for dormant accounts.

The minimum deposit requirement is £1 or equivalent currency for the Invest account and £10 for the CFD account, meaning it is accessible for beginners. The broker uses a spread-based pricing structure for currency pair trading and announced 50% tighter spreads on forex CFDs at the end of 2021. The GBP/USD currency pair, for example, is offered at an average spread of 0.00028 pips.

The fees applied to trade global exchanges should be considered. This includes a $0.0000207 transaction charge on all NYSE stocks set by the Securities and Exchange Commission (SEC). These exchange costs are presented in the order screen before confirming a position.

Note, when investing in an instrument in a currency other than you account denomination, a conversion fee will be applied. This is calculated at the spot exchange rate + a 0.15% FX fee (varies between accounts). International day traders should bear this in mind when it comes to global exchange trading. Overnight swap fees also apply.

In late 2020, the brand suddenly raised margin requirements to 50%. This kind of change, completely out of the blue, left traders with considerable uncertainty over their capital requirements.

Recommended Alternatives To Trading212

  1. OANDA offers 70 forex pairs with two competitive pricing models and a substantial welcome deposit bonus

    OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.

  2. Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

  3. NinjaTrader offer investors futures and forex trading. Use auto-trade algorithmic strategies and configure your own platform while trading with the lowest costs.

Leverage Review

As Trading 212 is regulated in the EU, retail investors will be impacted by ESMA’s leverage capping restrictions. This means a maximum leverage of 1:30 is available, though this varies by asset class. Note, the maximum leverage does not need to be used for every trade and this can be removed completely if desired.

Leverage increases the risk of losses, as well as profits, so traders must use it wisely. Utilize appropriate risk management tools.

Mobile App

The Trading 212 mobile application is the flagship product of the fintech company. The app is available for free download to iOS and Android (APK) devices, and offers the full functionality found on the web app. The bespoke mobile app has been designed with small screens in mind, with zoom and scroll functionality enabled.

When using the Trading 212 app, day traders get a stable user experience, with clear navigation and data visualizations. It is ranked the #1 trading app in the UK and rated 4.5/5 on the Apple app store. When we used the app, we liked the simplicity and custom portfolio views, including the ability to create and copy pie chart libraries.

Trading 212 mobile app
Mobile Trading

Trading 212 Payment Methods

Deposits

Trading 212 offers various payment options, though these may vary depending on your country of residency and account type. The broker does not charge any fees, though third-party costs may apply.

Funding your account via credit/debit cards, Google Pay, Apple Pay, iDeal, DotPay GiroPay and Sofort is fee-free only until £2,000 has been funded in total. A 0.7% fee will apply thereafter.

Processing times vary by deposit method, with credit/debit card payments and e-wallets often providing almost instant funding.

It is worth enabling mobile app notifications as alerts can be released once funds are available within your account.

Accepted methods include:

How To Deposit Funds

To make a payment on the mobile app:

  1. Click on the account menu at the bottom right corner of your mobile app screen (the logo is three horizontal lines)
  2. Select ‘Deposit Funds’
  3. Choose your payment method from the screen
  4. Enter the funding amount
  5. Based on your selected deposit method, complete all relevant details and press ‘next’
  6. Complete your funding and wait for money to clear into your live trading account

Withdrawals

Fund withdrawals must be made back to the same payment method used to add money to an account. As with deposits, Trading 212 does not charge for fund removals.

It can take up to three working days for Trading 212 to process a withdrawal, though the time taken for funds to clear will vary depending on the payment method.

There is a minimum withdrawal limit of £1 or equivalent currency for Invest and ISA accounts or a £10 minimum limit for a CFD profile.

How To Withdraw Funds

  1. Click on the account menu at the bottom right corner of your mobile app screen
  2. Select ‘Manage Funds’ and then ‘Withdraw Funds’
  3. Confirm your password
  4. Confirm the amount of money to be withdrawn
  5. Choose the payment method
  6. Approve the withdrawal

Demo Account

Trading 212 offers unlimited free access to a demo account. New clients can practice trading risk-free with £50,000 virtual funds. When using the demo account, users can easily toggle between ‘real’ and ‘practice’ accounts, removing the hassle of setting up two separate profiles. This means you can have continued access to a simulated environment to finesse strategies or confirm a trade plan before committing personal capital.

Our experts found the setup to be quick and simple, requiring just basic personal information.

Deals & Promotions

At the time of writing, Trading 212 isn’t running any active bonus or promo codes. This includes no deposit bonuses and welcome funds.

Regulation & Licensing

Trading 212 operates across three trading entities; Trading 212 UK Ltd, Trading 212 Markets Ltd, and Trading 212 Ltd. With this, it holds licensing from several financial bodies:

Trading 212 is fully compliant with the latest EU regulations including those sanctioned by the European Securities and Markets Authority (ESMA). Our experts confirm that the company has suitable financial controls and measures in place to ensure it remains fully compliant with the latest regulations.

Day traders also receive negative balance protection, segregated client funds and access to investor compensation schemes.

Additional Features

Trading212 offers several auxiliary features to support its core trading app. These include a detailed economic calendar, daily financial news updates, an in-depth education section with detailed explanations and tutorials on how various elements of trading work, summaries of key industry concepts and terms, and guides on how to use charts to conduct analysis.

The ‘watch and learn’ YouTube channel means you can learn how to trade and use platform features in real-time. Users can also browse comprehensive forums for further advice, and the FAQ section is extensive.

Other features include:

Trading 212 social community forum
Social Trading

Account Types At Trading212

Trading 212 offers three account types; the ‘Invest’ account, the ‘CFD’ profile and the ‘ISA’ account. The majority of features are similar which fits in with the company ethos of ‘democratizing trading’. It is simple to switch between ‘demo mode’ and real mode.

CFD Account

ISA Account

Invest Account

Benefits

Drawbacks

Trading Hours

The platform is available 24/7. However, markets for different asset classes are open at a variety of times, so there is a knock-on effect on users’ ability to trade some financial instruments during particular periods.

Use the broker’s economic calendar and published trading calendar for details of upcoming market closures and public holidays.

Customer Service

Trading 212 has a responsive customer service team with an average response time of just 29 seconds. Contact methods are accessible 24/7 and include live chat and an online contact form.

You can reach the broker’s multilingual customer support team directly through the platform with help available in 16 different languages and support centers spread all over the globe.

Security & Safety

The Trading 212 app has been downloaded several million times, with huge numbers of transactions being processed every day. The core systems underpinning the broker’s service are relatively secure. The broker uses external security firms to perform regular penetration tests of the trading applications and infrastructure. Additionally, a 24/7 security operations team monitors and analyzes suspicious app traffic and alerts customers in real-time of any risk.

You can increase the security of your trading account by adding a passcode lock to your mobile device or enabling face ID recognition. Two-factor authentication (2FA) is an optional layer of security offered to all Trading 212 clients, meaning you will need to provide a six-digit authentication code to access your account or make major changes.

Note, the firm did stop onboarding new clients during the Gamestop / Reddit volatility, and with this, some customers question the sincerity of the brokerage.

Trading 212 Verdict

Trading 212 is an online brokerage with a popular mobile app, commission-free trading, a simple account structure and a host of additional educational features. Trading 212 also offers decent customer support and easy withdrawal of funds. On the flip side, some potential investors may prefer a more browser-based broker or advanced features such as algorithmic trading or the option of managed accounts. In addition, concerns over the broker’s behavior in terms of changing margin requirements is a serious red flag.

Accepted Countries

Trading 212 accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Trading 212 from United States, Canada.

Compare Trading 212

Compare Trading 212 with similar brokers that accept traders from your location. Among available brokers these are the most similar to Trading 212:

  1. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.79% of retail CFD accounts lose money.
  3. InstaForex – InstaForex is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more. With competitive fees and a huge range of available assets, the brand offers safe and reliable trading.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

Trading 212 Comparison Table

Compare Trading 212 With Similar Brokers
Trading 212 IG Group eToro InstaForex Forex.com
Rating 2.3 4.4 4.1 4.1 4.5
Markets Forex, Stocks, Commodities Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit €/£/$1 £250 $10 $/€1 $100
Minimum Trade 0.01 Lots 0.1 lots $10 0.01 Lots $1
Regulators FCA, CySEC, FSC FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin FCA, CySEC, ASIC, FSA BVI FSC CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 30% – 100% Welcome Bonus No
Education Yes Yes Yes No Yes
Platforms MT4 MT4, MT5 MT4
Leverage 1:30 1:30 None 1:1000 1:200
Payment Methods 12 6 14 11 8
Detailed Comparison Trading 212 vs IG Group Trading 212 vs eToro Trading 212 vs InstaForex Trading 212 vs Forex.com
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IG Group
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eToro
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InstaForex
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Forex.com
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Compare Trading Instruments

Compare Trading 212 Trading Instruments
Trading 212 IG Group eToro InstaForex Forex.com
CFD Yes Yes No Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper Yes Yes Yes No No
Silver Yes Yes Yes Yes Yes
Corn Yes No Yes No No
Crypto No Yes Yes Yes Yes
Futures No Yes No Yes Yes
Options No Yes No No Yes
ETFs Yes Yes Yes Yes No
Bonds No Yes No No No
Warrants No No No No No
Spreadbetting No Yes No No No
Volatility Index No Yes Yes No No

Trading 212 vs Other Brokers

Compare Trading 212 with any other broker by selecting the other broker below.

Trading 212 vs

The most popular Trading 212 comparisons:

  1. Trading212 vs eToro
  2. Trading212 vs Avatrade
  3. Trading212 vs Freetrade

FAQ

Is Trading 212 Regulated?

Yes – Trading 212 is regulated by several European financial bodies including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

Does Trading 212 Offer A Demo Profile?

Yes – Trading 212 offers a practice profile with £50,000 in virtual funds. You can also toggle between a ‘real’ and ‘demo’ account, removing the hassle of setting up two separate profiles.

What Trading Platforms Does Trading 212 Offer?

Trading 212 offers retail clients the opportunity to trade on a proprietary web or mobile app. These can be accessed via all major web browsers or downloaded to iOS or Android devices.

Does Trading 212 Offer Free Deposits & Withdrawals?

Yes – Trading 212 offers free deposits and withdrawals, though third-party charges may apply. However, a 0.7% fee applies for some payment methods after £2,000 has been deposited. This includes deposits via credit/debit cards, Google Pay, Apple Pay and Sofort.

What Is The Minimum Deposit Requirement For A Trading 212 Account?

Trading 212 minimum deposit requirements vary by account type. The lowest is just £1 or equivalent currency for the standard ‘Invest’ profile.

Trading 212 offer a mobile trading experience with copy trading functionality and a range of investing assets.

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