In this Trading 212 review, we will take a detailed look at the company, their offering, fees, pros and cons. Trading 212 is a commission-free trading platform that was founded in 2004. It is an online broker that offers commission-free trading on a wide range of instruments, including stocks, forex, cryptocurrencies, and more.
The company is based in London and is regulated by the Financial Conduct Authority (FCA). In this Trading 212 review, we will take a close look at the broker to see what it has to offer and whether it is the right choice for you.
Trading 212 offers investors the ability to trade a wide range of markets including forex, stocks, indices, cryptocurrencies, ETFs, commodities and more. Investors can trade using the broker’s proprietary web platform, mobile app or MetaTrader 4 (MT4). In this review, we will focus on the web platform.
Account Types and Fees
One of the main advantages of Trading 212 is that it offers commission-free trading on all of its products. This means that you only need to worry about the spread when placing a trade. While the spreads are not the tightest on the market, they are very competitive. For example, the average spread on EUR/USD is 0.6 pips.
The web platform is well designed and user-friendly. It is browser based so there is no need to download any software. One notable feature is the ability to see your open positions on a map which is a nice visual touch. The platform has all the features you would expect such as charts, news and analysis from Trading Central, price alerts as well as stop losses and take profits.
One thing to note is that you cannot place contingent orders (such as stop losses) on CFDs for cryptocurrencies. So if the market moves against you, you will need to manually close your position to limit your losses.
In terms of research and education, Trading 212 provides a good selection of materials including an extensive FAQ section, video tutorials and webinars. However, we would like to see more in-depth analysis and commentary on the blog and economic calendar.
The biggest selling point of Trading 212 is that they do not charge any commissions on trades which is very competitive when compared to other brokers. They make their money from the spread which is the difference between the buy and sell prices. The spreads are variable but generally starts at 0.5 pips for forex pairs. There is also a 0.05% overnight fee charged on leveraged positions held overnight.
Overall, we think Trading 212 is a good choice for beginner investors who are looking for a commission-free trading platform with a user-friendly interface and a good selection of markets to trade. Experienced investors may find the lack of advanced trading features and research tools limiting.
In our opinion, Trading 212 is a good choice for beginner investors who are looking for a commission-free trading platform with a user-friendly interface and a good selection of markets to trade. Experienced investors may find the lack of advanced trading features and research tools limiting but overall we think it’s a decent option all round.