Trading 212 Review

With the emergence of many forex platforms for trade, you may wonder what the best broker to go for is. Among these is Trading212, and in this article we will examine this company, and why you may consider them when trading in forex and commodity shares.

Who is behind Trading 212?

Trading 212 is the official trade name of the Avus Capital Ltd. and Avus Capital UK Ltd. With its base in London, it has authorization from the FCA (Financial Conduct Authority) within Wales and England.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

It also operates in Bulgaria with the blessing of the Financial Supervision Commission, and complies with EU MiFID (Markets in Financial Instruments Directive), with registration with 11 authorities worldwide.

Founded in 2004, it currently boasts a membership of over 200,000 users from more than 65 countries. The ownership of the Trading 212 platform is not a unique thing, since many online brokers are under more than one company.it also has insured accounts that increase the safety of funds from its investors, meaning that you can trust them to handle your money well.

What trading instruments does it offer?

This is among the forex brokers that many people and investors know for offering CFD (Contract for Difference) trading services, and allows trade in forex, stock market shares, commodities and indices. The only issue, especially for inexperienced traders, is the platform charging commissions for every trade you make, so there are other services that are better than they are in this regard.

Trade fees

Few broker platforms charge commissions on trading, since this practice stopped with the introduction of CFDs. However, Trading 212 is not among them, so this may be a disadvantage, particularly to new traders. CFDs on the site are not exempt either, as you need to pay a slight commission when you trade them even on stock shares.

In addition, you need to pay a small fee when you deposit money into your account, and the rate depends on the payment method you choose. This rate varies from 0.7% to 3.5%.

Trading platforms on the site

One unusual aspect of Trading 212 is their non-reliance on the MT4 platform, instead using a Proprietary platform.

This is not a bad thing to do, because the platform may be of very good quality, which is the case for this one.

It allows investments from all over the globe because you can access the website easily – it does not rely only on computers, but mobile devices as well, including iOS and Android platforms. The other advantage is its offer if trade signals in addition to advanced graphics, which give users technical analysis opportunities,

In fact, you can even place trades from the graphics that it gives you, making the platform resemble a ninja trader. You can perform several tasks as well using the same trade pair that is investing in both low and high points, an operation many know as scalping.

Similar to other sites, the platform allows for advantages, though the level you can use varies according to the asset you are trading in.

Account types present on the site

The platform allows for investment in one standard trading account. The minimum deposit is higher than many forex platforms though, with the amount being $150, while the least amount of lot is 5K.

The platform gives a maximum advantage of 1:200, which is lower than many platforms, and there are variable and fixed spreads on the site, with the fixed spread standing at 1.9pips. The site also has one of the tightest variable spreads in the market, having a EUR/USD spread of 0.9 pips. The advantage is the very fast execution of STP, as well as the little to no slippage.

The Trading 212 platform is additionally famous for its demo accounts, which have very high initial investor amounts of money (in virtual Euros).in fact, many people know the site as being willing to offer 10,000 euros to clients who are starting out on the site.

Deposit and withdrawal options

Deposits to your account are easy, and involve four steps. A summary of them is below:

  • You log in to your account using your email address, and the password of the account.

  • The site redirects you to a page, where you can choose the deposit method you want. These options include PayPal, Visa, Maestro or MasterCard, wire transfer, and e-wallets such as Skrill. Note that the minimum deposit remains the same, regardless of the method you use – this fee is set at $100, which is below the average amount in the industry. Maximum amounts are unlimited except in the case of credit card transfers, which have limits of $10,000.

  • The processing of Skrill and credit card deposits is instant, happening under ten minutes, while other options can take between one and two business days.

  • Note that each method has additional processing fees, except wire transfers. For instance, credit cards have fees of 1.05% and Skrill and PayPal have rates of 2.04%. This is lower than what other brokers would charge.

  • After you select your method, you input your deposit amounts and give additional details during the checkout stage.

For withdrawals, it is easy to handle. Here is a summary of the process.

  • You can use any method in the deposit process, though you need to keep in mind that you can only withdraw using the method you used during deposit for security reasons. In addition, if you make deposits using multiple methods, withdrawals will go through your credit card.

  • The time that it takes to process your withdrawal depends on the method you choose, though it can take up to three business days.

  • There are also no withdrawal fees except for wire transfers, which is dependent on your bank policy.

Commission and bonuses

The site has only one promotion bonus that is only valid in the UK, called the No Deposit Bonus (50-pounds). The bonus amount is 50 GBP, 70 USD or 50 EUR.

Customer service

The company has a good distinction of customer service, with the support team having various professionals, business analysts and market specialists who are all willing to assist you whenever possible.

You can contact them through live chats, contact forms, or dialing the various phone numbers. This is mainly due to the offices of the company having locations in more than 60 countries, so they each have unique phone and email addresses. You can also contact them 24 hours a day, 7 days a week, covering all the major languages of the world.

You also have the assurance that they will take care of your funds, since multiple financial institutions regulate them. Even if the company suffers a drastic negative event such as bankruptcy, you can always count on them to compensate you for losses you incur, and this is not something that many brokers can give you.

Pros

  • The platform is famous for its demo account

  • You can conduct social trading through traderbird

  • The trading platform has a high level of sophistication

  • The site is reliable

  • Trading tools are good

  • There is a high level of educational material

Cons

  • The trading fees are higher than other platforms

  • CFDs, even for stock shares, have commissions on them

Conclusion

Trading 212 is among the forex brokers you can trust. Not only do they have good trade offers, but also the trading are fair and versatile enough to cover a range of areas. The trading platform itself is very good, and offers you a layout you can customize, as well as excellent tools and reliability. This is a platform worth considering, regardless of whether you are a novice or experienced trader.

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