Trading 212 Forex Broker Review

Trading 212, which is most recognized for its mobile trading app, provides a wide range of forex pairings along with a user-friendly suite of trading platforms for CFD and share trading, as mentioned in the Trading 212 forex broker review. But its attempt to be regarded as a top broker is hampered by its lack of sophisticated trading tools and flat research offers, even with its well-designed site and extensive symbol selection.

Is Trading 212 Safe?

This company does not run a bank and is not a publicly traded company. Two Tier-1 (Highly Trusted), zero Tier-2 (Trusted), zero Tier-3 (Average Risk), and zero Tier-4 (High Risk) regulators have approved this firm, based on the information provided in the Trading 212 forex broker review. The following Tier-1 authorities have granted it authorization: Financial Conduct Authority (FCA) and governed by the MiFID passporting scheme in the EU. This company has an overall Trust Score of 77 out of 99, making it an Average-Risk trade. So, if you want to open an account with this broker, click here.

Is Trading 212 Good for Beginners?

Yes! It is simple to use and get started with .There will be a learning curve when it comes to trading on any platform, but this firm is generally one of the simpler ones to comprehend and use. Finding and trading stocks and investment funds is quite easy, and they are all neatly categorized. There’s an excellent learning section with some excellent videos covering almost any subject you could want, including technical analysis (charting).

You can find all the information you’ll ever need about stocks to aid in your research. This covers their operations, the composition of the management group, and all financial data. That includes cash flow, profit, and revenue. Investing ratios are also included (these are fast indicators of a company’s performance, useful for both novices and experts).

Please note that as a beginner, you can always start with a Demo account. Go to Trading 212.com and select “open account.” The drop-down option will then ask you to choose your nation of residency. There are several possibilities visible. The option you wish to select is “practice”. The registration form will then open and you will need to fill it out with your information.

Offering of Investments

This company provides access to exchange-traded assets like fractional shares, as well as CFDs on over 9,000 shares, 36 indices, 29 commodities, and 184 FX pairs. it is no longer able to trade cryptocurrencies, as in the Trading 212 forex broker review.

Note: Depending on where you live, this company and any relevant organization will offer you a different selection of goods and services. Residents of the United Kingdom and “Third Country” will register with the broker’s Trading 212 UK Limited business, whereas EEA/EU residents will register with Trading 212 Markets.

Commissions and Fees

Two accounts are available at this company: Invest for share trading and CFD for CFD trading. The CFD account needs a deposit of ten euros, whereas the Invest account only needs a one-euro minimum.

This company claims to offer zero-commission trading, although trading forex and CFDs will still incur a spread. To make its pricing for currency pairs like the EUR/USD more transparent, it does not release an average spread. It is at a disadvantage because average spread data is what we would expect from the top forex and CFD providers.

Deposit fees

With a bank transfer, you can make free and instantaneous deposits into your account. In addition, you can deposit using a card (as well as Google Pay and Apple Pay) for free up to £2,000. It then drops to 0.70%.

Additionally, there are neither withdrawal fees nor inactivity costs (which are present on other platforms).

Mobile Trading Apps

The Trading 212 app has been downloaded over 10 million times from the Google Play store, proving its popularity. Please note that experienced traders will find the absence of advanced capabilities frustrating, especially when compared to the finest mobile trading apps. However, the program does include educational video content for newbies.

Apps overview:

It provides an exceptionally user-friendly mobile application for iOS and Android gadgets. It is simple to sort across markets like stocks, currencies, indices, and recently added symbols using the basic watch list screeners.

Ease of use:

The firm includes a Google Chrome plugin that lets users quickly access the platform directly from the browser. It’s also important to note that watch lists are immediately synced with the web platform and can be customized.

Charting:

The app’s charting feature has 19 sketching tools and 45 indicators that are seamlessly integrated. The functionalities of the mobile app and the related web version are almost the same.

Trading tools:

Sadly, good-till-date order expirations aren’t available at this time; good-till-cancel is the default. The amount of space for the app’s customization options to be improved is demonstrated by these kinds of minute features.

Upcoming events:

Seeing impending events when examining the symbol attributes of a certain instrument, like the EUR/USD, is one feature of the Trading 212 mobile app that really sticks out. The event is shown with its exact timing, estimated forecast, and possible impact. Please note that the trading platform of CMC Markets has a feature that you won’t see elsewhere: the ability to subscribe to and receive alerts about any particular occurrence.

Other Trading Platforms

One of Trading 212’s multi-asset offerings is a web-based trading platform. You will have access to both of its accounts, CFD and Invest, as well as their corresponding markets, just like with its other platforms. According to the Trading 212 forex broker review, the majority of the functions on the platform are user-friendly, and it has a neat, uncomplicated appearance with integrated news headlines and strong charts.

One helpful feature that this firm offers is that the website will store a user’s login information locally, allowing them to log in automatically the next time they visit the platform through their browser.

Charting

Like the mobile app, its web platform has reliable charting. There are five categories to select from, and you will receive access to 19 sketching tools and 45 indicators. The ability to make and preserve custom chart templates is a useful tool for applying settings to different types of charts. There is one notable, albeit minor, restriction: while you can open and flip between many charts, you are unable to remove the chart from the platform.

Trading tools

The helpful feature of the mobile app, which lets you find forthcoming events by just looking at an instrument’s symbol, is absent from the web platform. To observe certain events, you must instead do it the old-fashioned way—that is, manually open the economic calendar.

Education

With more than 170 educational videos available on its YouTube account, this company offers a good selection. There are no webinars that have been archived, and the only advanced resources and detailed articles are found in the support center.

The majority of Trading 212’s instructional materials are videos, many of which are integrated into the company’s web and mobile platforms. This broker doesn’t provide any instructional articles, except a few postings in its community forum and FAQs in its assistance section.

Potential for Improvement

This company would gain a lot from the inclusion of instructional tools available on the top brokers’ websites, like experience-level-based article groups and quizzes that measure and chart your development.

Trading 212 Customer Support

The customer service is outstanding. With an average response time of only 29 seconds, it is available around the clock. Just message them from within your account. They are also quite courteous.

Send in a “support ticket” and they will respond to you via email if you don’t mind a little delayed answer. But there isn’t a number to call.

Lastly, there’s a sizable help center that has solutions to almost all of your queries on trading in general as well as how to use Trading 212.

Conclusion

This company was established in 2004 and is governed by the Financial Supervision Commission (FSC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA) in the United Kingdom, as stated in the Trading 212 forex broker review. With more than 1.5 million customers, it has more than EUR 3.5 billion in customer assets. This company has done a fantastic job of streamlining its platform so that new users may interact with it easily. Its research offerings, though, are shallow on all of its platforms—web, mobile, and tablet.