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Broker Review Contents
- Used by 600,000+ traders
- Established in 2006
- Regulated by Financial Conduct Authority and CySEC
- Min. deposit from $1
- Doesn’t allow EAs (See alternatives)
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
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.
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.
|EUR/USD(Average: 0.7 pips)||2.3 pips||0.9 pips||0.1 pips|
|GBP/USD(Average: 1.1 pips)||4.4 pips||1.6 pips||0.1 pips|
|USD/JPY(Average: 1.1 pips)||2.0 pips||1.1 pips||0.1 pips|
|AUD/USD(Average: 0.8 pips)||2.4 pips||1.1 pips||0.2 pips|
|USD/CHF(Average: 2.3 pips)||5.2 pips||1.6 pips||0.2 pips|
|USD/CAD(Average: 2.9 pips)||2.9 pips||2.0 pips||0.3 pips|
|NZD/USD(Average: 3.6 pips)||2.8 pips||1.8 pips||0.3 pips|
|EUR/GBP(Average: 2.4 pips)||4.1 pips||1.5 pips||0.1 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 $10 if you bought one standard lot of EUR/USD (100k units) with Trading212 at an exchange rate of 1.1719 and then sold it the next day at the same rate.Here’s a quick rundown of the fees and how they compare to IG and XTB.
|Spread from:||$ 23.00||$ 6.00||$ 2.00|
|Total cost of a 100k trade:||$ 23.00||$ 6.00||$ 2.00|
|$17 less||$21 less|
|VISIT TRADING212||VISIT IG||VISIT 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 / Currencies||Trading212||IG||XTB|
|# of forex pairs offered||150||90||48|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|# of commodities offered||10+||34||21|
|Index & Stock CFDs||Trading212||IG||XTB|
|# of stocks offered||1595||8000||1606|
|SEE TRADING212’S INSTRUMENTS||SEE IG’S INSTRUMENTS||SEE XTB’S INSTRUMENTS|
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.
Still not sure?
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.
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Mini account
- Standard account
- Credit cards
- Bank Transfer
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.
79% of retail investor accounts lose money when trading CFDs with this provider.