The Company. Security of Funds
Trading 212 is a trading name for Trading 212 UK Ltd. It is licensed and controlled through the Financial Conduct Authority in the UK (FCA). Trading 212 also operates an Bulgarian subsidiary that is authorized by Bulgaria’s regional Financial Supervision Commission.
The UK’s FCA is among the most reputable watchdogs in the world. They enforce strict regulations to brokers that fall under their watch. For example, clients’ funds are required to be stored in separate bank accounts and those that are regulated have to hold an amount of EUR730 000 in order to be deemed financially stable. Furthermore, UK-based brokers are required to adhere to ESMA’s regulations regarding leverage, trading incentive as well as the provision of negative balance protection and much more. It appears that the majority of these regulations will remain in force regardless of the UK’s departure out of European Union.
Additionally further, the FCA has a compensation scheme to provide additional guarantees to protect client funds. Therefore, brokers that are that are registered in UK are part of the Financial Services Compensation Scheme, with the maximum amount of compensation is PS85,000 per individual.
Trading Conditions
Minimum Initial Deposit
To trade live on Trading 212, investors should invest at minimum EUR 29 which isn’t a lot. The initial investment for this type of investment is typical for the market.
Average spreads and Commissions
As per the info available on Trading212’s website the spread they are targeting for EUR/USD is 0.9 percent. In our tests of the platform of the broker and found that the spread was hovering at 1.1 pip which is a great price. You can examine the live spreads for some best forex brokers:
Also, we must mention the zero-commission policy of Trading 212 and also for trading in ETFs and stocks that are that are listed on world-class exchanges located in US, UK and Germany.
Maximum Leverage
Trading 212 permits its professionals to leverage of up to 1:300. This means that you can trade with 300 times the amount of money as the funds that are deposited. However, you must take note of the dangers that come with margin trading because leverage that retail customers can avail, who aren’t professionals, is limited to 11:30.
Trading Platform
Contrary to most forex brokers, Trading 212 uses a custom-built trading platform on the web which provides everything a trader could need such as a user-friendly interface that is easy charting, advanced analysis tools, a built-in economic calendar, real-time news feeds, etc. Here’s a screen shot:
These features are translated to the iPhone as well as Android version of the platforms, both of which are extremely evaluated.
If you would rather trade using the old MetaTrader4 (MT4) as well as using Expert Advisors to facilitate automated trading, here’s the list of brokers that provide this kind of platform:
Methods of Payment
Through Trading 212 you can open an account with a real bank account for GBP, EUR or USD. The broker will accept transfer of funds, credit and debit card transactions, Skrill, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash Direct eBanking, CashU and UnionPay.
Conclusion
Trading212 is a worldwide forex broker that operates out of the UK The services offered are quite attractive. It offers low spreads, no commissions on trading, an excellent in-house platform, and a variety of payment options supported. In addition, the brokerage is authorized through one of the largest and most trusted financial regulators in the world – The FCA located in the UK.
Trading212 Summary | |
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Trading212 Details | Information |
Regulators | FCA, FSC, MiFID |
Country | |
Base Currencies | USD, EUR |
Type Of Brokers | ECN, STP |
Trading Platform | Desktop, Mobile, MT4 |
Established Year | 2013 |
Website Language | English |
US Clients |
Trading212 Spreads | |
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Option | Information |
Minimum Spreads | 1.3 |
Commission | |
Fixed Spreads |
Trading212 Payment & Withdrawal Option | |
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Option | Information |
Acc Funding Methods | |
Acc Withdrawal Methods |
Trading212 Suitable For | |
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Option | Information |
Publicly Traded | |
Beginners | |
Day Trading | |
Weekly Trading | |
Professionals | |
Swing Trading |
Trading212 Trading Account Options | |
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Option | Information |
Maximum Leverage | 1:300 |
Mini Account | |
VIP Accounts | |
Segregated Accounts | |
Free Demo Accounts | |
Managed Accounts | |
Pro Account | |
Minimum Deposit | $1 |
Islamic Account |
Trading212 Trading Services | |
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Option | Information |
Hedging | |
News Trading | |
Scalping | |
Automated Trading | |
Indices | |
Commodities | |
Forex instruments | |
CFDs | |
ETFs | |
Stocks | |
Bonds | |
Cryptocurrencey | |
Trading Signals | |
Educational Service | |
Copy Tradings |
Trading212 Contact & Support | |
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Option | Information |
Telephone No | +44203769 9897 |
info@trading212.com | |
24 Hours Support | |
Support During Weekends | |
Address | Trading 212 is a trading name of Trading 212 UK Ltd. and Trading 212 Ltd. |