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Trading 212 is an online broker that offers real stocks, ETFs, and CFDs across a variety of asset classes. The company is based in London and is regulated by two international organizations.
With a modern cross-platform experience, Trading 212 operates retail-only accounts on a zero-commission model and continues to be the #1 trading app in the UK since 2016.
Trading 212 at a Glance
|Overview||The UK's #1 online broker since 2016|
|Products||Forex, Shares, Indices, Commodities, Cryptocurrencies (see all product details))|
|Countries Served||UK, Spain, Germany, Netherlands, Poland, Romania, China, and the UAE - (read more)|
|Minimum Deposit & Fees||$/£/€1 to $/£/€10 - (read more about funding and fees)|
|Regulator(s)||UK Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) - (see all regulatory information here)|
|Customer Support||E-mail, support tickets|
|Demo Account||Yes, with 50,000 demo credits|
Pros and Cons of Trading With This Broker
|What's Good About Trading 212?||What Could Trading 212 Do Better?|
|Trustworthy broker (we scored Trading 212 90/100 in our broker trust rating)||No phone support or live chat|
|Over 3,000 global stocks, ETFs, and CFDs to trade||Only 8 cryptocurrencies available|
|Quick registration and beginner-friendly mobile app||Withdrawals are limited to funding payment method|
|Zero commission on trades and no funding fees|
Regulation: Where Does Trading 212 Operate?
Trading 212 runs under two registered companies, one in England and Wales, and one in Bulgaria. The company is authorized to operate as an online broker by two regulatory bodies:
- Financial Conduct Authority (FCA) – Registration no. 609146
- Financial Supervision Commission (FSC) – Registration no. RG-03-0237
Trading 212 accepts traders from over 100 countries worldwide, including the UK, Spain, Germany, Netherlands, Poland, Romania, China, and the UAE.
The broker does NOT accept customers from a number of countries like Canada, the US, Japan, Singapore, and Australia.
Website and Platform Languages
The Trading 212 website and platform are available in 11 languages. These are:
Customer service, however, is only available in English and is based in the UK.
Client Fund Protection
Traders funds are kept in separate bank accounts and are protected under the:
- Financial Services Compensation Scheme (FSCS) – Compensation up to £85,000
- Investors Compensation Fund (ICF) – 90% compensation up to €20,000
How To Open A Trading 212 Account
Traders can open an account with Trading 212 in a few simple steps. After clicking the ‘Open Account' button on the website or application:
- Select your country of residence (and the country where you pay taxes)
- Fill in your personal details, including your name, phone number, and date of birth
- Provide your National Tax Identifier (NTI)
- Fill in your residential address
- Select your account type(s)
- Select your preferred currency to trade with
- Provide financial details of your:
- Annual salary and estimated savings
- Source of your income for the deposit
- Provide details of your trading experience:
- Trade volume in the past 12 months
- Professional experience in financial sectors
- Verify your account by providing:
- A valid ID (photo or scan)
- An up-to-date selfie
- Proof of address (bank statement or utility bill from the past 3 months)
What About a Demo Account?
Demo accounts are quick and simple to open. Traders simply provide their e-mail address with a password and are given immediate access to a fully functional demo platform.
The account comes with 50,000 practice credits. It must be noted that not all products are listed on the demo account. Users can switch to a real trading account from the demo dashboard.
Guide to Trading CFDs with Trading 212
Trading 212 clients can choose from three variations of the platform:
- Trading 212 CFD: Contracts-for-difference on forex, commodities, stocks, and indices
- Trading 212 Invest: Real stocks and exchange-traded-funds (ETFs) from as little as £1
- Trading 212 ISA: Tax-free, zero commission stocks from £1
With the CFD account, traders have access to five asset classes: forex, cryptocurrencies, commodities, indices, and stocks.
These markets open at 21:01 on Sundays and close at 20:59 on Fridays (GMT).
There are a total of 207 forex pairs to trade.
As a Trading 212 account holder, you have access to the following 8 cryptocurrency CFDs:
Bitcoin, Dash, Ethereum, Litecoin, and Monero are also available as fixed spread instruments.
Monero can be traded as a forex pair alongside USD, CAD, CHF, CNH, EUR, GBP, JPY, NZD, PLN, RON, SGD, and TRY.
Here is the full list of commodity CFDs offered by Trading 212:
Traders can also speculate on commodity/forex pairs, primarily with major currencies and precious metals.
There are a total of 45 index CFDs offered by Trading 212:
|Lyxor FISCI South Africa||Germany 30|
|Lyxor Hang Sens China Enterprise ETF||Lyxor Stoxx Europe 600 Healthcare ETF|
|Lyxor Australia SI6P/ASX 200||Lyxor HSI Hong Kong ETF|
|Lyxor Stoxx Europe 600 Automobiles. Parts ETF||Lyxor MSCI India|
|Lyxor BEL 20||Lyxor Stoxx Europe 600 Insurance ETF|
|Lyxor Stoxx Europe 600 Banks ETF||Italy 40|
|Amuncli FISCI Nordic||Japan 225|
|Amu. ETF PISCI Spain||Lyxor MSCI Korea ETF|
|Dollar Index||Lyxor MSCI Malaysia|
|iShares MSCI Denmark||Lyxor Stoxx Europe 600 Media ETF|
|iShares MSCI Finland||NASDAQ 100|
|iShares MSCI Israel||Netherlands 25|
|iShares MSCI Norway||Lyxor MSCI Russia|
|iShares MSCI New Zealand||SPX 500|
|iShares MSCI Poland||Switzerland 20|
|EURO STOXX 50||Lyxor Stoxx Europe 600 Telecoms ETF|
|Canada ETF||Lyxor Stoxx Europe 600 Tech ETF|
|iShares MSCI Sweden||Lyxor MSCI Turkey|
|iShares MSCI Singapore||Lyxor MSCI Taiwan|
|iShares MSCI Mexico||UK 100|
|iShares MSCI Brazil||US 30|
|Lyxor Stoxx Europe 600 Financial Services (Acc)||Xtrackers MSCI Indonesia|
Traders have over 3,000 global stocks and ETFs to choose from. Popular real stock equities on the Trading 212 market include:
- Barclays PLC
- Vodafone Group PLC
- Bayerische Motoren Werke AG
- Deutsche Bank AG
- Tesla, Inc.
- Lloyds Banking Group PLC
Real stocks and ETFs can be traded on the Trading 212 Invest and ISA platforms, while Stock CFDs on the CFD platform.
How to Start Trading CFDs: Step-by-Step
In a few steps, traders can begin to trade CFDs and manage their positions.
Here is how you do it:
- Log in to your verified trading account and select ‘Trading 212 CFD'
- Deposit funds by clicking the blue deposit button
- Select an instrument of interest (after ample research)
- Click the ‘Buy' or ‘Sell' indicator for your chosen instrument
- Set the quantity and any profit/loss limits
- Click ‘Confirm'
Once you've executed your first trade, you can manage your open positions at the bottom center of your screen.
Fees, Deposits, Withdrawals, and Spreads
Trading 212 has different fees structures for each trading account type.
The available deposit and withdrawal methods are:
- Bank Transfers
- Credit/Debit Card
- Carte Bleue
- Direct eBanking
- Apple/Google Pay
There are no deposit or withdrawal fees, but other fees vary. Based on what product you want to trade, refer to the fee tables below.
Trading 212 Invest
For real stocks and ETFs:
|Min. Deposit||1 EUR/GBP/USD (10 with wire transfers)|
|Min. WIthdrawal Amount||1 EUR/GBP/USD|
|Overnight Trading Fee||None|
|Currency Conversion Charge||0%|
|Min. Order Size||1 EUR/GBP/USD|
Trading 212 CFD
For CFDs and forex:
|Min. Deposit||10 EUR/GBP/USD|
|Min. WIthdrawal Amount||10 EUR/GBP/USD|
|Overnight Trading Fee||SWAP interest (varies per instrument)|
|Currency Conversion Charge||0.5%|
|Indices||Base Indices: 5%
Trading 212 ISA
For tax-free stock trades:
|Min. Deposit||1 GBP (10 with wire transfer)|
|Min. WIthdrawal Amount||1 GBP|
|Overnight Trading Fee||None|
|Currency Conversion Charge||0%|
|Min. Order||1 GBP|
Desktop and Mobile Platform Review
We tried Trading 212's desktop and mobile applications and reviewed them side-by-side.
Asset Browsing and Dashboard
- On Desktop: All assets are accessible through the sidebar alongside customizable watchlists. The side-bar toggle can be set to close automatically when the cursor is elsewhere. The rest of the dashboard consists of the position manager and chart in the center of the screen, and the trading stats bar.
- On Mobile: Traders use a slider to navigate between asset classes and scroll to browse products. The top bar presents the available balance and the option to switch between account types.
- On Desktop: Traders can choose between a trade at the market level, a stop/loss trade, and a multi-order trade. The trade execution window also shows the active margin and SWAP trading fee.
- On Mobile: The mobile trading screen is more feature-rich than it's desktop counterpart with a built-in charting tool. More, trading stats can be viewed in the live trade window by scrolling down.
- On Desktop: An open tab at the bottom of the dashboard. It shows stats like the instrument quantity, current and traded price, direction of trade, margin, and a live profit/loss meter. Multiple positions can be closed at a time. The same tab gives access to pending orders and price alerts.
- On Mobile: The position management tabs resemble the trading tabs with the corresponding chart, trading data, and ability to close the trade, or even buy more of the same product.
Trading Tools and Resources
- On Desktop: The charting tool takes center stage on the desktop with chart templates and a multitude of indicators, both pre-set and custom. Video tutorials are available on demand, even on charting.
- On Mobile: While the economic calendars, video tutorials, and reports are all accessible on mobile too, the charting tool is the most impressive. Users can go as far as finger-drawing Elliot Waves and adding customized Bollinger Bands.
Trading 212 is a popular, modern application, yet the questions don't stop coming. Here are some quick answers to a few common queries.
Is trading 212 good for beginners?
Trading is not good for beginners, period. Trading 212 has a modern, and clutter-free demo platform that allows beginner retail traders to start trading with practice credits in minutes. The product range is impressive, and there is plenty of support material to help beginners learn about the world of trading.
How do I withdraw money from trading 212?
To withdraw your funds from your Trading 212 account, you need to use the same payment method as you did to fund the account. According to Trading 212, this is for security reasons. You can read more about Trading 212 deposits and withdrawals in our fees overview.
Do Trading 212 pay dividends?
Yes, Trading 212 pay their eligible clients dividends. The qualification criteria is different for Invest/ISA account holders and CFD account holders. CFD dividends are paid if a position is held open through an ex-dividend date. The funds are sent/deducted directly to/from the traders' account.
How does trading 212 make their money?
Since Trading 212 does not charge commissions, they make their money through spreads (both variable and fixed), as well as SWAP rates. SWAP rates are calculated on a per-product basis and are applied to the account balance at 21:00 GMT.
Can you buy shares on trading 212?
Yes, Trading 212 offers customers real shares of companies via its subsidiary platforms: Trading 212 Invest, and Trading 212 ISA. Alongside shares, traders can choose from thousands of stock CFDs. The full list of stocks can be seen on Trading212.com.
Credits: Written by Marko Csokasi with contributions from the Commodity.com editorial team.