Trading 212 is an online broker that offers commission-free share and ETF trading 212 review and CFDs on stock markets worldwide. The broker is regulated by the UK’s FCA, Bulgaria’s FSC and Cyprus’ CySEC. It offers a good trading platform and is simple to use for new investors. However, its product portfolio is limited and popular asset classes such as options or bonds are missing. Its forex fees are also quite high.
Can you trust Trading 212?
The UK-based broker’s main source of income is the spread – the difference between the highest or ‘offer’ price for an investor to buy an asset such as shares, and the lowest or ‘bid’ price for them to sell it. It also charges no fees for deposit or withdrawal, though it may incur external costs such as stamp duty on UK share purchases. There are likely to be additional ‘paid for’ features added as time goes by which will also boost the firm’s revenue streams.
Among the broker’s highlights are its mobile apps (which come in both iOS and Android versions) and its web platform which is easy to use for novice investors, with an intuitive interface and many useful features like a two-step safe login, an advanced search feature, an education centre and video guides. It also offers unlimited free instant trades and earns interest on uninvested cash.
Trading 212’s account types include CFD and investment accounts. The broker also offers a multi-currency account which lets investors invest in the currency of an asset they’re interested in trading, to avoid any potential bank conversion fees. The broker has a reasonable range of assets available to trade, including major stock market indices, shares from all over the world, and commodities. However, it doesn’t offer a large selection of cryptocurrencies compared to some other brokers, such as eToro.