🔥 Trading 212 test 2021: broker experiences & rating

Dealing with stocks, commodities, and / or forex may be a good idea when it comes to increasing your savings. Because anyone who looks in the direction of fixed-term deposits or overnight money or who deals with the interest that is available for the savings account quickly becomes clear that you will not make any profits with classic savings products. In fact, there is actually a loss here. Because if you take inflation into account, there is a real loss of money. So if you put 1.000 euros on your savings account in January, in two years - to put it bluntly - only 950 euros.

Trading 212 website and logo

So in the end it comes as no great surprise that more and more savers are interested in online brokers. Even security-minded people who have so far only chosen products with no possible fluctuation are already speculating with stocks. However, since there are several providers on the market, it must be clarified in advance which provider can be recommended. 

Trading 212 is an online broker that can definitely be shortlisted as it is a regulated broker - this much has to be revealed at this point. But in the end it is not just about regulation, but also about the question of how many trading instruments are available, what is the fee model and are there other hurdles, for example a high minimum deposit amount, that must first be skipped?

Trading 212 Brief Overview - The most important facts about Trading 212

  • Regulated - Trading 212 is regulated by the FCA
  • Trading 212 accepts numerous payment methods (including PayPal)
  • There is a separate demo area
  • Trading 212 only provides one account
Open a Trading 212 account and register

Registration with broker Trading 212: Our step by step guide

In the course of registration, it quickly becomes clear whether the trader is paying attention to being a provider for everyone - i.e. for beginners as well as professionals. You can recognize this on the one hand by the user interface (clear, easy to understand), on the other hand by the amount of the minimum deposit. The more complicated the structure and the higher the minimum amount that has to be paid in, the less willing the online broker is to accept inexperienced traders.

1. Registration with Trading 212 

Create a Trading 212 account and enter your personal data
Trading 212 account registration residence entry

On the homepage of Trading 212 you can find the point "Open account". The trader is then asked which country he is in; Anyone who is at home in Germany must now state that they live in the Federal Republic of Germany. Now it's about the personal data: The trader has to give his name, address and other data. In addition to the email address, you will also be asked for your telephone number. Trading 212 would also like to know whether and, if so, what profession is being pursued.

Trading 212 account creation tax residence entry
Trading 212 account opening Enter tax number

 

The following is about the personal experiences that you have already made with CFD trading. Ultimately, this is a very risky form of investment. The online broker asks technical questions and wants to find out whether an account can be opened or not.

It should be noted, however, that there was no test that ended with the online broker rejecting the account opening based on the answers.

Trading 212 Enter your home address to create an account

2. Verification 

Whoever wants to use the services of Trading 212 has to be verified for the first time. In other words, it is about providing evidence that you are the person you claimed to be in the course of registration.

If you want to confirm your identity, you have to upload a passport or driver's license or ID card. It is important that this is still valid and that you can see that it is the person who has registered. If it is a question of confirming the specified residential address, a consumer invoice must be submitted. It is important to ensure that the name of the trader and the address are on the same page; the invoice must not be older than six months.

3. deposit

Now the next step is the deposit. The following methods are accepted by Trading 212:

  • Bank Transfer
  • Credit card
  • Klarna
  • Skrill
  • Giropay
  • Apple Pay
  • Google Pay
  • PayPal

The minimum deposit is 100 euros. Trading 212 is thus not in the industry average of 250 euros, but clearly below.

Depending on the chosen deposit method, it takes either a few seconds or two to four working days until the money is available.

4. Trading on the platform 

Once the deposit has been made and the amount is available on the account, you can then speculate with CFDs and / or stocks. Two different pages are available: Trading 212 CFD and Trading 212 Invest. The advantage? You can switch back and forth between the two options at will.

What is the Broker Trading 212? The history of the broker

Trading 212 can be traced back to Avus Capital, a company founded in Bulgaria. It was founded in Great Britain in 2013. This means that the online broker or the company behind it is regulated by the Financial Services Commission (Bulgarian supervisory authority) and the Financial Conduct Authority (FCA - the regulatory authority of the United Kingdom).

In the last few years Trading 212 has been able to expand its user base rapidly. The online broker reported that the trading app had already been downloaded over 12 million times. That said, Trading 212 is one of the best-known and apparently most popular platforms that offer trading in CFDs and / or stocks.

Our Trading 212 experiences: The Trading 212 conditions put to the test

Trading 212 Conditions and Fees Overview

Nevertheless, it is important to always take a look behind the scenes and to find out which trading instruments are made available.

Trading at Trading 212: The offer of the individual trading instruments in the test

The following stock exchanges are available via Trading 212 (alphabetical order): 

  • Bolsa de madrid
  • Deutsche Börse Xetra
  • Euronext Amsterdam
  • London Stock Exchange
  • NASDAQ
  • NYSE
  • SIX Swiss Exchange

The following securities are offered:

  • shares
  • ETFs
  • Forex
  • indices
  • crypto currencies
  • Raw Materials

There are also the following order types:

  • Trading orders
  • Limit
  • Stop Loss
  • Stop buy
  • New issues

Trading stocks & ETFs

Trading 212 Trading stocks and ETFs

If you like to speculate in stocks, you've come to the right place. The online broker offers countless industry sizes, whose price movements can then be speculated on. Due to the fact that there is also a classic investment option, it is also possible to invest directly in public companies.

Trading 212 Overview of the available stocks

Trading Forex

Trading 212 Forex Trading Overview

Whether majors, minor currencies or exotic currencies - Trading 212 is the ideal broker for all those who like to speculate with currency pairs.

Trading in raw materials


Commodities and precious metals are also offered via Trading 212.

Trading in cryptocurrencies

Interest is increasing - and therefore the number of online brokers who offer trading in crypto currencies. It is important here, however, to be aware from the outset that this is a volatile market. It can go steeply upwards or downwards at any time.

The functions of the Trading 212 trading platform

The trading platform is clear and ensures that even beginners will find their way around without any problems. But even professionals will be satisfied with the available trading platform, as you can work with different tools that help to assess the market correctly.

Trading 212 account types

From a technical point of view, there is only one type of account. This means that fees, fees and leverage are the same for all traders. So this also corresponds to the ethos of the company - “democratization of trade”. The trading transactions are all free of commission. You can easily switch between real money trading and the demo area. That means, Trading 212 also offers a demo area so that you can safely try out the functions made available by the online broker.

It should be noted, however, that there is a professional account. In this case, regulated traders can be given access to a market that provides higher leverage. There is also no regulatory protection. It is important, however, that you meet a few requirements in order to be able to use the professional account - that is, you have to apply in advance and meet the criteria (trading frequency, trading experience and capital). The decision as to whether the professional account is then activated or not is the responsibility of the online broker.

The Trading 212 app

In addition to the web version, there is also an app. The app can be downloaded or used on iOS and Android devices. Particularly interesting for all those who want to access their depot or account from anywhere.

The deposit methods at Trading 212

Trading 212 offers traders some payment methods (alphabetical order):

  • Apple Pay
  • Bank Transfer
  • Giropay
  • Google Pay
  • Klarna
  • Credit card
  • PayPal
  • Skrill

Trading 212 requires a minimum deposit of 100 euros.

It should be noted that, depending on the selected deposit method, it can take different lengths of time until the money is then available in the Trading 212 account. On the positive side, Trading 212 accepts the online payment service PayPal. That is not a matter of course in this industry.

Trading 212 security

Anyone who pumps their money into the stock, foreign exchange or crypto market knows that they are taking a certain risk here. For this reason, it is important to clarify in advance that the online broker cannot assume any risk. This means that it is necessary to check whether it is a regulated provider.

Regulation of Trading 212

As mentioned earlier, Trading 212 is regulated. The FCA, one of the strictest supervisory authorities, ensures that the online broker meets all the requirements to continue to be run as a reputable broker.

Deposit insurance from Trading 212

There is also a deposit protection of 85.000 GBP or 100.000 euros / trader. Trading 212 also keeps customer funds separate from business assets. This guarantees that in the event of bankruptcy, the customers' funds remain their property.

Trading 212 customer service

The customer service team is extremely competent, friendly and available 24 hours a day. If you have a problem, you can get in touch with the employees via the various channels and look forward to competent information.

Trading 212 Terms: Fees & Costs

But even if Trading 212 is convincing on many levels, it is also about the question of how high are the fees that are charged by the online broker. Because the higher the fees, the lower the profit will be in the end. So this is important to consider before deciding whether or not you want to open an account.

spreads

Most of the services provided by Trading 212 are offered free of charge. Above all, this applies to products that come directly from Trading 212, so to speak.

The spreads are very tight, although there are - to be fair to mention - online brokers who work with narrower spreads. With EUR / USD the spreads start at 1,2 pips and with GBP / USD you have to reckon with spreads from 2 pips. EUR / GBP, on the other hand, starts at 1,2 pips. For oil you have to reckon with 0,05 points. If you speculate with stocks, the spread is 0,2 percent (variable).

fees

Trading 212 provides the depot free of charge. In addition, there is no commission for investing in stocks. In other words, the company ultimately only works with spreads.

But there are a few additional fees that shouldn't be underestimated:

Exchange-dependent fees apply when trading stocks. This means that anyone who trades on the London Stock Exchange has to pay a stamp duty reverse tax of 0,5 percent. However, there are no overnight fees if the position - as the name suggests here - is held overnight.

ETF trading is particularly cheap as there is no stamp duty reverse tax. However, it should be noted (critically) that there is little information available that gives information about how high the fees are if you decide to trade ETFs.

The fee model used by Trading 212 is very fair.

Experiences and user opinions about Trading 212 on the Internet

Trading 212 reviews and experiences from customers

Before opening an account with an online broker, you probably want to find out for yourself how satisfied the other traders were. You can find one or two testimonials here on the Internet. It is important that you do not let yourself be disturbed by a few negative contributions. There are always critical comments - and that is even important, because that means that the platform on which the articles were published does not try to put the online broker in a certain light.

As long as there is a majority of positive comments, one can speak of an online broker that can be recommended.

Is Trading 212 Scam or Reputable? Our Trading 212 rating

If you take into account all the information that has been obtained so far, the opinion can be expressed that Trading 212 is a reputable online broker.

Cons of Trading 212: What Did We Dislike?

There is only one account. That is, Trading 212 does not address the individuality of traders. Sometimes the user interface seems a bit cluttered; Even if Trading 212 is an online broker who also wants to offer its services to beginners, the question must actually be asked, how recommendable the online broker is if it is a trader who has not yet had any experience in this field .

Advantages of Trading 212: What we liked

The first thing to mention is that it is a regulated broker. Fraud can be ruled out. Trading 212 scores with many trading instruments and a fair fee model as well as the fact that it offers its own demo area.

Trading 212 Review: Frequently Asked Questions about the Broker

What is Trading 212?

An online broker that on the one hand offers CFD trading, but on the other hand can also be used for classic investments. The broker is regulated.

Is Trading 212 a recommended broker?

Yes - Trading 212 is definitely a recommendable broker. If the online broker meets the self-imposed requirements, it is advisable to take a look at Trading 212.

Will I be able to trade successfully at Trading 212?

Yes. There is no evidence to suggest that Trading 212 would stand in the way of successful trading.

How is the test and the experience of Bitcoin-news.one about Trading 212?

Generally positive. Trading 212 can therefore be recommended.

Frequently asked Questions: 

An online broker that on the one hand offers CFD trading, but on the other hand can also be used for classic investments. The broker is regulated.

Yes - Trading 212 is definitely a recommendable broker. If the online broker meets the self-imposed requirements, it is advisable to take a look at Trading 212.

Yes. There is no evidence to suggest that Trading 212 would stand in the way of successful trading.

Generally positive. Trading 212 can therefore be recommended.

Do you want to trade cryptocurrencies with the best conditions?
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Cryptoasset investments are unregulated in most EU countries and the UK. No consumer protection. Your capital is at risk. Not ready yet? Read our Etoro review.

Thomas Cormik

Thomas Cormik started out with the sole focus on educating his readers about Bitcoin and its potential impact on traditional financial systems. Thomas prides itself on bringing quality content to the masses under the Bitcoin-News.one banner.

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