Our Rating: 8.7/10
Account Minimum: XXX$
Fees Per Trade: XXX$
Quick Word:
Trading212 is another widely-used service that provides one of the best trading platforms targeted to users who are cost-conscious and don’t want to be hassled by endless fees.
Pros & Cons:
Pros
- Commission-free stocks and ETFs and low CFD fees
- Allows trading with real stocks and ETFs if you open a Trading 212 Invest account
- No fees for deposit, withdrawals or inactivity
- A minimum deposit of $1 for CFD accounts and $10 for Invest or ISA Accounts
- Very easy and simple to open an account versus other platforms
- Good selection of base currencies to have your account balance in
- Well designed and user-Friendly
- Good customizability
- Clear portfolio and fee reporting
- Price alerts on mobile
- Good access to cryptocurrencies and commodities
- Great charting tools for technical analysis]
- Great Demo account and quality educational videos to teach trading
- Regulated by the UK’s Financial Conduct Authority
Cons
- Limited product range
- Very basic tools for fundamental analysis
- No/poor quality access to news and research
- No two-step login security
- Cannot set the level of leverage in the application
Trading212 In-Depth
Trading212 is another widely-used service that provides one of the best trading platforms targeted to users who are cost-conscious and don’t want to be hassled by fees over and over again.
It charges no commission on its trades such as with CFDs and ETFs and even gives you access to real stocks whereas other brokers would only offer CFDs.
Its platform, in both versions of desktop and mobile, is extremely user friendly and customizable to your preferences.
Trading212 also takes care to provide a lot of educational resources for traders to learn all there is to know about trading and how it works. This makes life a lot simpler if you’re not too comfortable with how everything works yet. They even provide a great demo account for you to try things out without risking any real money.
Past the beginner level, Trading 212 also gives a lot of tools, such as in charting, to allow for technical analysis, but doesn’t provide many resources for fundamental analysis.
When it comes to account and administrative fees, Trading212 is very unique in that they don’t charge any inactivity fees, nor do they charge withdrawal fees. This, in addition to having a very low deposit minimum, really makes Trading212 very cost-friendly versus other brokers.
On the other hand, it could be criticized that its product range is limited, and access to news and research tools for fundamental analysis is limited.
Overall though, Trading212 is a solid platform with few and low fees versus other brokers and has a solid amount of features, access to products, and educational content for you to trade happily with.