Trading 212: A Box Of Trading Assets

December 18, 2020
Brokers
" class="img-responsive wp-image-731235 wp-post-image" alt="" />
At Yore Oyster, we strive to help you make wise financial decisions. We're committed to giving you the most relevant, actionable advice anywhere.

Trading 212 was established in 2013 and is regulated by the Financial Conduct Authority (FCA). The broker offers hundreds of stocks from American, German, Swedish and Chinese companies. Moreover, Trading 212 also offers plenty of ETFs, commodities and stock indices that you can trade in. The platform also has one of the cleanest and most intuitive platforms in the market which makes it particularly appealing for new traders. Additionally, there are no trading fees and no commissions on stocks and ETFs. Click the link below to join one of the strongest brokers in our database now.

Trading 212 is definitely a great broker, but does not offer services in the USA so, if you are looking for a good platform that offers a wide array of assets at affordable rates in the USA, then you must consider Capital.com, our highest ranked broker. We firmly believe that Capital.com is the best choice you can make as it offers a diverse range of stocks, ETFs, bonds, crypto, commodities and CFDs. Capital.com also has one of the most comprehensive educational libraries in the industry with multiple trading tutorials and plenty of courses on trading different assets. Sign up now for one of the most complete brokers out there.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with Trading 212 and scored our findings on a 10-point scale across 10 distinct categories.
Fees 8
Signup Process 9
Minimum Deposit 10
Ease of Use 8
Deposit & Withdrawal Options 10
Customer Support 7
Asset Classes 8
Referral Program 4
Demo Account & Educational Resources 8
Safety & Regulation 10
Total 82

Introduction

Trading 212 is an online broker that was established in 2013 by Avus Capital, and which has since gained regulation from the Financial Conduct Authority (FCA) by the UK. An interesting feature of Trading 212 is that it was initially headquartered in Bulgaria which is unique because most brokers have their bases in Cyprus, Seychelles or UK & USA. The broker has become a household name among trading literates in the UK because of the plethora of assets that it offers. Trading 212 has been expanding its operations in recent times and offers its services in:

Australia
Germany
Hong Kong
India
Ireland
Japan
Malaysia
Netherlands
Singapore
South Africa
United Arab Emirates
United Kingdom

Pros & Cons

Pros

  • A lot of asset classes and plenty of asset options within each type.
  • Decent interface and usability features
  • Plenty of deposit and withdrawal option

Cons

  • Limited Research Tools
  • Expensive forex spreads
  • limited customer service

Account Types

Trading 212 Invest

This trading account type offers commission-free stocks & ETF’s for users. This account type is suitable for you if you like to trade stocks and ETF’s in bulk.

Trading 212 CFD

Offers stock indices, stocks & forex coupled with leverage trading that can help you in trading in bulk in case you are trained in leverage trading. Leverage trading can often be risky hence, if you are a beginner, we advise you to tread carefully.

Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 Fees Trading 212

Trading 212 Non Trading Fees

The good thing about Trading 212 is that the broker has no deposit, withdrawal & inactivity fees. The fact that the broker has no withdrawal fees and inactivity fees offers some really good value because most brokers have varying withdrawal fees & inactivity fees that can often take you by surprise. So, you can open a Trading 212 account without having to worry about using it all the time or even using it at all.

Trading 212 Forex & Stock Indices Spreads

Being a no-commission broker means that Trading 212 makes its money on spreads. So, Forex spread rates are sort of the commission that the broker charges for trading this asset. 1 pip is equivalent to 0.0001 of a dollar. Mentioned below are some of the spread rates for some commonly traded forex and stock indices.

Forex Spreads

GBP/USD2 pips
EUR/USD 1.4 pips
EUR/GBP 1.4 pips

Stock Index Spreads

S&P 500 CFD6
Europe 50 CFD1.4

The spread rates are slightly expensive compared to other brokers. For instance, brokers like Tickmill can even have spread rates as low as 0 pips. You can also have a look at HotForex in case you are a forex trader, which is also a really good broker that offers some decent forex rates but also offers a lot of variety.

The stock index spreads are also rather expensive for Trading 212. For instance, the S&P 500 is a commonly traded index and the spread rate of 6 pips is a bit too high. However, Europe 50 CFD has a decent rate of 1.4 pips.

Trading 212 Stock & ETF Commissions

There are no stock & ETF Commissions with Trading 212. This offers great value for users because traders like XTB can charge up to $10-$12 in commissions for a trade valuing $2,000 or more.

The fact that the broker has no non-trading fees and no commission fees means that it scores a solid 8. The only reason it loses a couple of points is because of the expensive forex and stock index spreads.

Trading 212 Fees Score: 8/10

#2 Trading 212 Signup Process

Are you someone itching to get started with trading? if yes, then Trading 212 would not make you wait very long. The application process is simple and requires you to upload a few documents which include:

Proof Of ID Documents

  • Passport or
  • National ID or
  • Driver’s Licence


Proof of address

  • Bank Statement
  • Utility Bill
  • Mortgage Statement
  • Credit Card Statement

Once you have uploaded the required data to the broker, it takes one business day to verify the documents to open your account. This is quick however, there are brokers like Capital.com that allow for same-day account opening due to which the broker loses a point over here.

Trading 212 Signup Process Score: 9/10

#3 Trading 212 Minimum Initial Deposit

You can get started with your Trading 212 account for as little as $1, which is negligible. This is a really good feature because you do not need to invest heavily into the platform in the beginning and you can just try out the platform before deciding to make it your regular trading partner. If you want to have a look at other brokers that have no minimum initial deposit requirements do also check out Webull, IronFX & Qtrade. This virtually-inexistent minimum initial deposit makes this broker earn a perfect score in this category.

Trading 212 Minimum Initial Deposit Score: 10/10

#4 Trading 212 Ease of Use

Trading 212 offers a mobile and web platform for traders however, a point to be noted is that the broker does not offer a desktop platform.

Mobile & Web Platform

Trading 212’s mobile and web applications have similar interfaces. Both applications have really good usability and interface. The good thing about the interface is that it offers a lot of customization options. The interface is clean uncluttered and offers a lot of usability options as you can see below. You can also look at the picture below and get a feel of how the platform works.

Trading 212 Research Tools

Research tools can help in one making timely buying and selling decisions. Discussed below are some research tools that Trading 212 offers.

Trading 212 Charting Tools

Charting tools are good for understanding underlying trends beneath your data and Trading 212 offers some really good charting tools that you can customize to make your own type of trends and patterns. A sample of the charting tools is provided in the picture below. The interface is quite detailed yet uncluttered.

Trading 212

News Feed & Fundamental Data

Trading 212 has a limited news feed feature where you can find some generic articles about various assets rather than a complete picture of specific asset options. This is perhaps because the broker does not have a dedicated market research team as of yet. Moreover, they do not have any fundamental data feature. Fundamental data basically contains financial measures and their historic trends, they can help in making buying and selling decisions and their absence means that the broker loses a couple of points.

Trading 212 Ease of Use Score: 8/10

#5 Trading 212 Deposit & Withdrawal Options

Deposit and withdrawal options give you the flexibility to use different mediums to use your funds. Often brokers only allow methods such as bank transfer or wire transfer. However, Trading 212 is with the times and offers a lot of ways in which you can deposit and withdraw your funds.

  • Bank Transfer & Wire Transfer
  • Debit & Credit Cards
  • E-Wallets

Trading 212 offers alot of options within e-wallets which include:

  • Apple Pay
  • Google Play
  • Dotpay
  • Giropay
  • Carte Bleue
  • Direct eBanking
  • PayPal
  • Skrill
  • iDEAL

The comprehensive 360 degree options offered by Trading 212 means that the broker scores a perfect 10 in this dimensions because it has you covered by offering you options that most brokers do not offer.

Trading 212 Deposit & Withdrawal Options Score: 10/10

#6 Customer Support

Customer support is really important for users, especially when your hard earned earnings are involverd and you run into an issue that endangers your savings. Trading 212 generally has positive reviews with respect to customer support offered by the broker.

Trading 212 Customer Support Score: 7/10

#7 Asset Classes

Stocks & ETFs

More than 10,000 stocks and ETFs are offered by Trading 212. You can trade stocks from America, China, Sweden, Germany & UK among other countries. Some of the common stocks offered by the platform include:

  • Amazon
  • Apple
  • Bank of America
  • China Mobile
  • Walmart
  • Southern Company
  • WH Smith

The stock variety offered is truly amazing and if you are a stock trader you should check out the platform because the options that it offers make it like a supermart for stocks.

Currency Pairs

Trading 212 offers more than 200 currency pairs and it is something that interests a lot of forex traders because you will find quite a few pairs that are unique with Trading 212. Some of the pairs offered are:

  • AUD/BGN
  • AUD/CAD
  • AUD/CNH
  • AUD/CZK
  • AUD/MXN
  • AUD/PLN
  • BGN/JPY
  • USD/GBP
  • USD/EUR
  • USD/JPY

As you can see in the sample listed above that there are plenty of options that are unique and hard to find. If you are a forex trader who trades in bulk then you may want to have a look at the variety offered despite the slightly expensive spread rates.

Commodities

Trading 212 offfers more than 170 commodities. You can choose from a wide variety of:

  • Brent Oil
  • Coffee
  • Cheese
  • Wheat
  • Sugar
  • Copper
  • Silver
  • Soybean
  • Gold

The good thing is that you can also buy from a lot of options within each category, for instance, you can buy different types of cheese so if you are a cheese nerd by some chance, you can put your knowledge to good use here to earn.

Indices

The platform also offers more than 30 stock indices for you to trade-in. Some of the options offered include:

  • Lyxor Australia S&P
  • Lyxor Bel 20
  • Dollar Index
  • MSCI Finland
  • MSCI Israel
  • Canada ETF

The plethora of asset options that the platform offers holds it in good stead against plenty of other brokers. The only deficiency in asset options is perhaps that the platform does not offer bonds due to which it loses a couple of points in the score for this category.

Trading212

Trading 212 Asset Classes Score: 8/10

#8 Referral Program

Trading 212 has a referral program whereby you refer a friend and after your friend joins the platform you get free stocks worth up to $100 in value. This is a good option offered by the platform for new users as they can test out the platform with their friends and family. Most brokers do not offer referral programs and in the process lose out an opportunity to attract new traders who want to trade in groups. However, there are brokers that offer much more rewards in our database due to which the broker only scores a 4 over here.

Trading 212 Referral Program Score: 4/10

#9 Demo Account & Educational Resources

Demo Account

Trading 212 offers a demo account where you can learn how to trade with fake money. The demo account is a good way to learn how the platform works. Moreover, often you can learn how to make good performing portfolios on demo accounts and then you can try and replicate those in your live account. The demo account has no time limit as of now and offers great prep for a live trading account.

Educational Resources

Eucational resources offered by the platform include:

  • Tutorial videos on different assets and how to trade them
  • Short explainers on how to use the platform effectively

The educational resources offered by trading 212 are basic but they enable you to learn how the platform works and how to trade different assets and then you can build off this knowledge to learn when and how to trade different assets profitably. The good demo account coupled with the decent educational resources means that the broker scores a good 8 here.

Trading 212 Demo Account & Educational Resources Score: 8/10

#10 Safety & Regulation

The broker is regulated by the strict Financial Conduct Authority (FCA). It is also regulated by the authorities in Bulgaria. The fact that the broker is regulated by a tier-1 authority like the FCA means that the broker is subject to strict codes of rules and regulations. Moreover, the broker offers a 2 step regulation process due to which you can safely use the application and you are less susceptible to hacking. The fact that the broker offers 2 step authentication and is regulated by the esteemed FCA means that the total score for this dimension is a perfect score.

Trading 212

Trading 212 Safety & Regulation Score: 10/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to Capital.com, which scores 91/100 points across the 10 categories mentioned in this review.

Trading 212 vs. Capital.com

Let’s compare Trading 212 to our highest ranked broker Capital.com to see areas where it can potentially improve.

Better Research Tools

Capital.com has more thorough research tools such as an effective and efficient fundamental data feature that allows you to track the historical trends of financial measures such as Earnings Per Share (EPS). Moreover, it has a very active market research team that has developed a very robust news feed feature.

Better Customer Service

Capital.com offers a dedicated account manager for each customer who is with you in your journey to trade effectively. You do not have to get lost in the customer service loop because the whole purpose of a dedicated account manager is to help you trade efficiently and profitably. Moreover, Capital.com also has a very active live chat feature that Trading 212 does not that can provide you with instant help aswell.

Better Educational Resources

Trading 212 has some good beginner educational resources however, Capital.com is like a university for learning to trade. Capital.com really provides a lot of quality educational resources. Some of the resources offered include:

  • Educational videos on trading different assets
  • Webinars
  • Tutorial videos on using the platform

The resources offered to users start by teaching you how the platform works and then with webinars and articles Capital.com keeps you updated with what’s happening in the market. Capital.com also offers asset trading training guides.

Training Guides

  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides
  • CFD training guides
  • Commodities training guides
  • Indices trading guides

Capital.com is with you if you want to start trading an asset that you have not traded before. They also offer 5 courses that are aimed at training beginners and refreshing the knowledge of experienced traders.

Capital.com Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry.

So what are you waiting for signup today for the most complete broker in the business.

Related: If you want to learn more about this broker, you can read this amazing review of Capital.com.

In Summary

Trading 212 has a very strong asset portfolio and offers some really good asset options with hundreds of indices, stocks and plenty of commodities and ETFs. Moreover, the platform offers you a lot of deposit and withdrawal options something that a lot of brokers lack. Trading 212 also has a good interface with some really good usability features due to which we would recommend this as a solid platform for anyone looking to trade.

While Trading 212 is a really good platform we feel that Capital.com offers much more value as a trader in several aspects such as their state of the art research tools, their detailed educational resources and award-winning customer service, something that Trading 212 lacks. So what are you waiting for sign up for Capital.com, you have our guarantee.

Get More Of Our Best

2021's Financial & Travel Essentials

Get our special report highlighting the 4 tools you need to build wealth and protect your assets in 2021.