Trading 212 Review 2023

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We gave Trading 212 an overall score of 4.6/5 as it is one of the best stock brokers in the world in 2023. In addition to stocks, Trading 212 clients can trade other popular assets like CFDs. The broker offers commission-free trading for stocks and ETFs and requires no minimum deposit.

We recommend Trading 212 for investors interested in stock and ETF trading. Trading 212 is suitable for beginners because of its easy-to-use trading platforms. It is also a viable option for long-term investments as it charges no account or inactivity fees.

68% of retail CFD accounts lose money

Trading 212 main features and highlights

🛍️ Products offered Stock, ETF, CFD (forex, stock, ETF, index, commodity)
💰 Trading 212 stock commission 0
💰 Trading 212 withdrawal fee charged $0
💰 Trading 212 inactivity fee charged No
💰 Trading 212 minimum deposit $0
💳 Deposit methods Bank transfer, Credit/debit cards, Google Pay, PayPal, Apple Pay, Skrill, Dotpay, Giropay, Carte Bleue, Direct eBanking, iDEAL
📃 Depositing with electronic wallet Yes
📱 Platforms provided Web trading platform, mobile app
🎮 Trading 212 demo account available Yes
🗺️ Country of regulation UK, Bulgaria, Cyprus
Our overall Halifax review Brokers rating
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Trading 212 review

Is it safe to use Trading 212?

Trading 212 is a reliable and legit broker. The reason we assigned a high safety score to Trading 212 is because it is regulated by the UK’s Financial Conduct Authority (FCA), a top-tier regulator. Trading 212 also offers investor protection up to £85,000 for clients belonging under the FCA and €20,000 for clients under CySEC or FSC Bulgaria.

How does Trading 212 protect my investments?

Trading 212 operates under multiple legal entities, overseen by different regulators. The amount of investor protection differs from entity to entity.

eToro investor protection
Country of clientsProtection amountRegulatorLegal entity
United Kingdom£85,000Financial Conduct Authority (FCA)Trading 212 UK Ltd.
EEA countries90% of your funds, max €20,000Cyprus Securities and Exchange Commission (CySEC)Trading 212 Markets Ltd.
Other countries90% of your funds, max €20,000Bulgarian Financial Supervision Commission (FSC)Trading 212 Ltd.

68% of retail CFD accounts lose money

Trading 212 review

Can I open a Trading 212 account from my country?

Trading 212 review

Is it difficult to open an account at Trading 212?

Opening an account at Trading 212 is simple, straightforward and fast. It takes just 15 minutes to complete your application, and newly opened accounts are usually activated within 1 business day. Trading 212 is available globally, but there are some notable exceptions from where users cannot open an account, including the US or Canada.

 

Trading 212 review

Is Trading 212 cheap or expensive?

Trading 212 is cheap for trading stocks, ETFs and CFDs, but it is expensive for forex trading. In a big plus, trading stocks and ETFs at Trading 212 is commission free. Trading 212 charges no inactivity, custody or account fees, but conversion fees are high. Deposit and withdrawal are free at Trading 212.

Trading 212 fees snapshot
AssetsFee levelFee terms
US stock and ETFLowCommission-free
S&P 500 CFDLowThe fees are built into the spread, 1.1 points is the average spread cost during peak trading hours.
EURUSDThe fees are built into the spread, 1.1 pips is the average spread cost during peak trading hours.
Inactivity feeLowNo inactivity fee

You can find more detailed information about Trading 212 fees here.

68% of retail CFD accounts lose money

Trading 212 review

How can I take money out of my Trading 212 account?

You can use bank transfers, credit/debit cards and electronic wallets to withdraw money from your Trading 212 account. Withdrawing money from Trading 212 is free, and can take as little as one business day; this is considered fairly competitive compared with most other brokers.

You can only withdraw money to accounts that are in your name.

Comparison of Trading 212 withdrawal fees and options
Trading 212 eToro XTB
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes
Withdrawal fee $0 $5 $0

You can find more detailed information about the Trading 212 withdrawal process here.

68% of retail CFD accounts lose money

Trading 212 review

How do I start using Trading 212?

To start using Trading 212, you need to go through the following steps:

1. Apply for a trading account online

The application process at Trading 212 is easy, fast and takes place fully online. You must enter some personal details, select an account plan, provide information about your trading experience and financial situation, and then verify your identity.

To verify your identity and residency, you have to upload the following documents:

  • Proof of identity: national ID card, passport or driver’s license
  • Proof of residency: a bank statement or utility bill issued in the last three months

2. Wait for account approval by Trading 212

If all your documents are in order, Trading 212 will usually approve and activate your account within a day.

3. Fund your account and start trading

To start trading, you must first make an initial deposit. Trading 212 only requires a symbolic minimum deposit of €/£10 for CFD accounts and €/£1 for Invest or ISA accounts. This is ideal for those who want to start trading with or investing smaller amounts only.

At Trading 212, you can use a web-based trading platform or an excellent mobile app. If you need help using them, Trading 212 has platform tutorial videos, and even a demo account where you try out the features of the platform without risking actual money.

Read on for more information about opening an account at Trading 212.

If you want to learn more about trading, read our review of education tools available at Trading 212.

68% of retail CFD accounts lose money

Trading 212 review

How do I deposit money at Trading 212?

To deposit funds to your Trading 212 account, you can make a bank transfer or use credit/debit cards. You can also use several types of electronic wallets including Google Pay, Apple Pay or PayPal, although some country restrictions may apply. It’s also possible to make deposits using your Revolut or Wise accounts.

Trading 212 charges no deposit fees for most types of transactions. However, a 0.7% deposit fee applies if you deposit more than €2,000 to your Invest account using a credit/debit card or electronic wallets.

Trading 212 deposit methods vs. similar brokers
Trading 212 eToro XTB
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes

Bank transfers can take several business days to go through, while credit/debit card deposits or electronic wallet transactions are normally instant. You can only deposit money from accounts that are in your name.

68% of retail CFD accounts lose money

Trading 212 review

Is Trading 212 good for FX trading?

Forex trading is available at Trading 212, but it is not the best broker for FX trading, as its forex trading fees are generally high.

In one positive feature, Trading 212 offers a large number of currency pairs, so if you’re looking for a more exotic currency pair, Trading 212 may be one of the few brokers that offer it.

The practical side of FX trading at Trading 212: the trading platforms of Trading 212 have excellent charting tools. Read our review of this and other research tools available at Trading 212.

68% of retail CFD accounts lose money

Trading 212 review

Is Trading 212 good for equity trading?

Trading 212 is a good choice for equity trading, as it offers commission-free stock and ETF trading.

Trading 212 offers an impressive selection of more than 10,000 real stocks and ETFs to trade, across more than a dozen stock markets. If you want to trade real stocks and ETFs at Trading 212, you have to open an ‘Invest’ account.

If you decide to trade equities on Trading 212: Trading 212 offers a useful set of fundamental data on stocks. It also offers fractional shares, meaning you can take just a few dollars and buy into stocks that otherwise may cost hundreds of dollars apiece.

In one downside, Trading 212 charges a 0.15% currency conversion fee if you want to trade a real stock or ETF denominated in a currency other than your account base currency.

Looking beyond equity trading? Here’s a more detailed overview of asset classes available at Trading 212.

68% of retail CFD accounts lose money

Trading 212 review

Is Trading 212 good for long-term saving?

Trading 212 is suitable for long-term saving, as it offers commission-free real stock and ETF trading, and it doesn’t charge an inactivity fee or an account fee. In a big positive for UK clients, it is possible to open a tax-efficient ISA account at Trading 212.

However, Trading 212 may not be everyone’s best choice for long-term saving, as it doesn’t offer some asset types popular with long-term investors, such as mutual funds or bonds.

If you are looking to save long term, check out our recommendations for the best brokers for buy-and-hold investors.

68% of retail CFD accounts lose money

Trading 212 review

How can I reach Trading 212 customer support?

You can contact Trading 212 via live chat and email. Customer service is available 24/7.

When we contacted Trading 212 via email or live chat, they sent us prompt, relevant and straightforward answers. For example, we received clear responses about which account currencies we can use and how we could deposit to our account.

To use email support, you must fill out a form on Trading 212’s website. We really liked that when you choose the topic of your query, you get multiple recommended articles from the FAQ section, potentially sparing you the need to interact with customer support. When we did our test, we found several articles that answered our questions.

One thing we missed though was phone support.

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