CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading212

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Home » Reviews » Trading212

Trading212 Review

Pros

  • Used by 600,000+ traders
  • Established in 2006
  • Regulated by Financial Conduct Authority and CySEC
  • Min. deposit from $1

Cons

A minimum deposit of $1 is required for a live account. Trading212, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 609146), and CySEC (Licence: 290/16). All Trading212 client funds are held in a segregated bank account and they work with tier-1 banks. Trading212 was established in 2006 and their head office is in the UK. 

Before we get into the specifics of Trading212’s spreads, fees, platforms, and trading tools, you might want to open their website in a new tab by clicking the button below to get the most up-to-date information directly from the company.

Visit Trading212

What are Trading212’s spreads & fees?

Trading212, like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument.

The commissions and average spreads shown here are taken from Trading212’s website.

ForexEquitiesCrypto*IndicesCommoditiesTrading212AvaTradeXTB
EUR/USD(Average: 0.7 pips)2.3 pips0.9 pips0.1 pips
GBP/USD(Average: 1.1 pips)4.4 pips1.6 pips0.1 pips
USD/JPY(Average: 1.1 pips)2.0 pips1.1 pips0.1 pips
AUD/USD(Average: 0.8 pips)2.4 pips1.1 pips0.2 pips
USD/CHF(Average: 2.3 pips)5.2 pips1.6 pips0.2 pips
USD/CAD(Average: 2.9 pips)2.9 pips2.0 pips0.3 pips
NZD/USD(Average: 3.6 pips)2.8 pips1.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)4.1 pips1.5 pips0.1 pips

The spreads are variable and are displayed for information purposes.

As you can see, Trading212’s average EUR/USD spread is 2.3 pips, which is high when compared to the average EUR/USD spread of 0.70 pips.

The table below compares the costs of trading one lot of EUR/USD with Trading212 vs. similar brokers.

How much does Trading212 charge to trade 1 lot of EUR/USD?

You would likely spend $10 if you bought one standard lot of EUR/USD (100k units) with Trading212 at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.

Trading212IGXTB
Spread from:$ 23.00$ 6.00$ 2.00
Commission:$0.00$0.00$0.00
Total cost of a 100k trade:$ 23.00$ 6.00$ 2.00
$17 less$21 less
VISIT TRADING212VISIT IGVISIT XTB

Fees and quotes are displayed for information purposes and could change.

What can you trade with Trading212?

Over 1800 different instruments, including over 150 currency pairs, are available to trade at Trading212. Below, we’ve summarized all of Trading212’s several types of instruments, as well as the instruments given by IG and XTB for comparison.

FX / CurrenciesTrading212IGXTB
# of forex pairs offered1509048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*NoYesYes
Commodity CFDsTrading212IGXTB
# of commodities offered10+3421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalYesYesYes
Index & Stock CFDsTrading212IGXTB
# of stocks offered159580001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesYesYesYes
Japanese sharesYesYesYes
SEE TRADING212’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit Trading212

What’s the Trading212 trading experience like?

1) Platforms and apps

Trading212 provides a user-friendly custom trading platform that can be accessed through a browser. If you’re looking for a MetaTrader broker, check out our MT4 broker comparison.

They offer Android and iOS mobile apps, making it easy to keep track of and execute deals while on the go.

SEE TRADING212’S PLATFORMS

Still not sure?

Open a demo account and learn how to trade.

2) Executing Trades

The maximum and minimum trade size depend on the account type when you trade with Trading212. You can expect tighter spreads and more transparency over the amount you pay to execute your trades because Trading212 offers STP execution.

Margin requirements vary by trader, account, and instrument, as they do with most brokers. On their website, you may see the most recent margin and leverage details.

We have included a list of some of the most common funding options that Trading212 provides to its traders.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Mini account
  • Standard account

Funding methods:

  • Credit cards
  • Bank Transfer
  • PayPal

3) Client support

Trading212 offers support in many languages like English, German, Dutch, Spanish, French, Italian, Polish, Serbian, Norwegian, Swedish, Czech, Russian, Romanian, Turkish, Arabic, and Chinese.

4) What you’ll need to open an account with Trading212

Because Trading212 is regulated by the Financial Conduct Authority and CySEC, every new client must pass a few simple compliance tests to confirm that you are aware of the risks associated with trading and that you are permitted to trade. You’ll probably be asked for the following information when you register an account:

  • a color copy of your passport, driver’s license, or other government-issued identification
  • a three-month utility bill, bank or credit card statement that shows your current address

You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure.

You may be able to explore their platform right away, but you will not be allowed to make any transactions until you pass verification, which depending on the circumstances could take from a few hours up to a few days.

To begin the on-boarding process with Trading212, you can go to their website.

Trading212

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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