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.
|Ease of Use||8|
|Deposit & Withdrawal Options||10|
|Demo Account & Educational Resources||8|
|Safety & Regulation||10|
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:
|United Arab Emirates|
If you are someone in Africa or Asia and are looking for a good broker, do check out IQ Option and easyMarkets as well, as these brokers cover a lot of African and Asian nations and offer some decent value for traders across regions. We also recommend you to have a look at CMC Markets as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback.
Trading 212 Pros & Cons
|Trading 212 Pros||Trading 212 Cons|
|Plenty of Deposit & Withdrawal Options||24/5 customer service|
|A lot of asset classes and plenty of asset options within each type.||Limited Research Tools|
|Decent interface and usability features||Expensive forex spreads|
|Regulated by tier-1 regulation in UK’s Financial Conduct Authority (FCA)|
Trading 212 Pros Explained
The broker offers a lot of deposit and withdrawal options for users. For instance, it offers a lot of e-wallets for people living in different parts of the world (You can find the details of e-wallets accepted by the broker in our deposit and withdrawal section below). This is something good as it allows people from different parts of the world to use Trading 212 as their broker. Moreover, the broker offers thousands of stocks, plenty of forex and commodities for you to trade-in. This gives you the option to build diversified portfolios something that offers amazing value as most successful portfolios have diversification in terms of asset classes and the types of assets invested within each asset category.
The broker offers a really good interface with a lot of usability features such as customizable dashboards. Moreover, the broker also has helpful charting tools that can really help you in making smart investment decisions. (You can find a detailed analysis of the interface of the broker in our ease of use section below). The broker offers some great value in terms of being regulated by the tier-1 regulator.
Trading 212 Cons Explained
The broker also has 24/5 customer service which can be a bit disadvantageous for users who trade on weekends. Because this means that you cannot get help on weekends in case you run into trouble and require help (Check out our customer service section below for detailed analysis on the customer support offered by the broker). Trading 212 also has some limited research tools in terms of advanced statistical tools. The broker also has expensive forex spreads which can make trading expensive. Hence, if you are someone who likes to trade forex then you may not be able to trade particular pairs that are expensive. (For detailed analysis on forex spreads, refer to our fees section below).
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.
Word of Caution
Dealing with CFD’s is very risky because you are trying to predict the price of an underlying asset. Usually, 70% of consumers lose money when they invest in CFDs with different brokers. Hence, you should try and only invest in CFDs when you have good knowledge of how CFD’s work. Now let’s have a quick look at some pros and cons of using this broker.
#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.
These are often associated with activities related to trading. Trading fees include commissions and spreads associated with trading different asset classes. Let’s discover the trading fees associated with the broker to see the kind of value provided for different types of users.
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.
Stock Index Spreads
|S&P 500 CFD||6|
|Europe 50 CFD||1.4|
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.
How We Rank Fees
At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.
Final Verdict Trading 212 Fees
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.
Final Verdict Signup Process
Th signup procedure 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.
Final Verdict Minimum Initial Deposit
The fact that you can get started without investing a lot of funds means that almost anyone can try out the broker. Due to this, the broker scores a perfect score as we at YoreOyster believe that anyone should be able to try out the broker of their choice.
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. The broker also has a partnership with Meta Trader 4 so if you want you can access a desktop platform via Meta Trader 4 for Trading 212.
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.
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 provides only basic daily technical updates on various assets. We suggest you do your homework and do your own analysis before investing based on trading ideas because you may reach different conclusions based on your own research.
Meta Trader 4 Platform
One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.
MT4 Web & Desktop Trading Platform
The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.
MT4 Mobile Trading Platform
Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.
MT4 Platform Languages
The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:
As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.
The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.
Trading 212 Robo Advisory
The broker also has a Robo advisory that helps you make decisions based on past market trends and the anticipation of future market trends. Robo advisories are gaining a lot of popularity amongst investors as they assist you in making trades on a lot of factors that you may not be considering. However, we at Yoreoyster ask you to do your own research before making an investment decision as you may evaluate some factors not incorporated by the AI automated services.
How We Rank Ease Of Use
Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:
- Intuitive Interface Across All Platforms
- Customizability Options Available To You
- Advanced Research Tools For Analysis
Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.
Final Verdict Trading 212 Ease Of Use
The broker has a good proprietary platform with an uncluttered interface. Moreover, the broker also offers variety for users by giving the option to use the Meta Trader 4 platform. A lot of professional investors are used to using the Meta trader 4 platform so it’s good that the broker offers this option for its users. The only reason that the broker loses a couple of points is that it does not have its own desktop proprietary platform and it does not offer advanced statistical tools with its own platform.
Trading 212 Ease of Use Score: 8/10
#5 Trading 212 Deposit & Withdrawal Options
Deposit 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 your funds.
- Bank Transfer & Wire Transfer
- Debit & Credit Cards
Trading 212 offers alot of options within e-wallets which include:
- Apple Pay
- Google Play
- Carte Bleue
- Direct eBanking
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.
Offering multiple withdrawal options give you the opportunity to use different ways 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 withdraw your funds.
- Bank Transfer & Wire Transfer
- Debit & Credit Cards
Trading 212 offers alot of options within e-wallets for withdrawal of funds which include:
- Apple Pay
- Google Play
- Carte Bleue
- Direct eBanking
The broker offers similar deposit and withdrawal options that gives the users the options to use the methods that they want to deposit or withdraw their funds.
How We Rank Deposit & Withdrawal Options
Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:
- Ways in which you can deposit your funds
- Ways in which you can withdraw your funds
- Number of options within different Deposit and Withdrawal Types
We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:
- Credit/Debit Cards
- Bank Transfer & Wire Transfer
- E-Wallets such as Paypal, Skrill and WebMoney
Trading 212 Final Verdict Deposit & Withdrawal Funds
The broker scores an easy 10 here without any concerns as it goes the extra mile in offering flexibility for its users living in different parts of the world. Often brokers do not customize their platform as per the needs of different users in different parts of the world. However, Trading 212 genuinely goes the extra mile in ensuring that individuals from different parts of the world can use the platform and deposit funds in the way that they seem fit and this genuinely offers some really good value for the investors in different regions hence, the perfect score.
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.
Let’s investigate the customer support options that you can use and the efficacy of those options. You can get customer support via:
- Live Chat
|Quick Live chat||May not get relevant answers via live chat|
|Detailed & Quick Response via Phone||24/5 Customer Service|
|Detailed Response On Email||No free dedicated account manager like Capital.com|
The broker offers rapid support throughout different platforms and is available 24/5 on weekdays. The phone support and live chat take a few seconds or minutes at most. The email inquiries are mainly answered within a few minutes. This gives consumers the confidence that they can rely on the broker to come good in times of need, especially since some other brokers do not have good support across platforms which can be a bit stressful for some customers at times. Some brokers also offer dedicated account managers to help newbies get started with trading. This can really help anyone to develop as a successful trader. The broker should definitely look into offering dedicated account managers to help invite newbies or inexperienced traders to use the platform.
How We Rank Customer Support
Customer support plays an important role in getting much needed help. Our criteria takes into account the 3 most pivotal factors considered by our viewers which include:
- Availabiltiy of Support via Live Chat, Phone & Email
- Speed & Quality of Response Across Platforms
- Availability of Customised Support Such as a Dedicated Account Mnager
The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.
Final Verdict Customer Service At Trading 212
The broker scores a solid 8 rather than a perfect score because it does not offer a dedicated account manager as Capital.com does and also because it offers a 24/5 customer service rather than a 24/7 customer service which can be pivotal for getting timely and needed help.
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:
- Bank of America
- China Mobile
- 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.
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:
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.
Trading 212 offfers more than 170 commodities. You can choose from a wide variety of:
- Brent Oil
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.
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
Stock indices are a good way of hedging risks in portfolios as you are putting money into weighted indices meaning that you would not be susceptible to huge swings in the stock market. For instance, the Lyxor Bel 20 Index means that the prices of all 20 companies in the index would have to swing wildly to give you a huge loss or profit. The downside of investing in indexes is that you probably cannot earn huge profits in the short term but usually people do earn in the long term by carefully investing in indices. Stock indices are often added to risky portfolios as well by investors to ensure that they reduce the risk of their total investment. The options offered to give amazing value for users because you have 30 state-of-the-art indices of the world to invest in to hedge against risk.
How We Rank Asset Classes
The criteria for ranking asset classes is pretty simple and as follows:
- Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
- Options Provided within each asset class
The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.
Final Verdict Of Asset Classes
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 and scores an 8 rather than a perfect 10.
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.
How We Rank Referral Programs
The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.
Final Verdict Referral Program
Most brokers do not offer referral programs and in the process lose out on 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
The broker offers £50,000 in fake money for you to get started with trading. This offers some really good value for users. Because if you are new to trading then you can get started with trading with a demo account before investing actual money into your account. The fact that the broker gives you 50,000 in fake currency gives you a lot of opportunity to understand trading and how the platform actually works.
Moreover, you can also 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.
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.
How We Rank Demo Account & Educational Resources
The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.
- The demo account should not have a time limit or a paper trading limit to get a perfect score
- Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably
Final Verdict Demo Account & Educational Resources
The good demo account coupled with the decent educational resources means that the broker scores a good 8 here. It loses a couple of points because it does not offer detailed courses or regular webinars that can help traders in staying up to date with the current market environments.
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. It’s good that Trading 212 offers 2 step verification as many brokers still do not offer this and it can play a pivotal role in helping in avoiding any unnecessary mishaps.
How We Rank Safety & Regulation
If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.
Is Trading 212 Safe?
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 Safety & Regulation Score: 10/10
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
- 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.
- 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.
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.