The Invest and CFD account types at Trading 212 offer commission-free trading but there are still fees to consider. For example, if you trade a stock that isn’t in your currency, you will pay a conversion fee which can be hefty. There is also a withdrawal fee for bank wires and third-party levies from payment processors to consider as well. Despite these costs, the broker is one of the best choices for beginners and it’s easy to switch between a real and demo account (though you’ll have to pass standard compliance checks first).
As far as investing goes,is trading 212 any good offers shares from many markets across Europe, including London, Madrid, Paris and Deutsche Börse and NYSE/NASDAQ in the US. It’s possible to invest in full or fractional shares and the broker offers a decent range of ETFs too. However, it’s not possible to invest in bonds, crypto or mutual funds and you can only trade a limited number of currency pairs too.
Exploring Trading 212: A Comprehensive Review of Its Features and Performance
As a fully regulated broker, Trading 212 holds your money in a segregated client account and up to PS85,000 of your capital is protected by the Financial Services Compensation Scheme if you do face any problems. The broker offers two-factor authentication and a variety of security measures to protect your funds. The e-book is comprehensive and helpful, although the help section could do with more in-depth articles and videos. A great feature is the ability to create and save chart templates – this allows you to quickly apply the same settings to multiple charts, which is handy for those who like to follow a certain strategy.