Trading212 Forex Broker

Account Types

　　Trading212 offers investors three different investment options on its platform, including the Trading212 INVEST account, Trading212 ISA account, and Trading212 CFD account. However, it is important to note that each account type has its own unique features and benefits that cater to different trading styles and preferences. It is recommended that investors thoroughly research and understand the details of each account type before deciding which one to choose.

How to Open an Account？

　　Opening an account with Trading212 is a straightforward process that can be completed in a few simple steps:

　　1.Visit the Trading212 website and click on the “Open account” button.

　　2.Fill in the required personal information, such as your name, email address, and date of birth.

　　3. Verify your identity by providing a copy of your passport or other accepted identification documents.

　　4. Once your account is verified, fund your account with a minimum deposit of $1/R16. Select the payment method you prefer, such as credit card, debit card, Skrill, or bank wire transfer.

　　5. After funding your account, you can start trading by selecting the financial instruments you want to trade and executing your trades through the Trading212 platform.

　　6. If you encounter any issues or need help with the account opening process, Trading212's customer support is available 24/7 through various communication channels, such as phone, email, live chat, or web form.

Demo Accounts

　　Trading212 offers traders, especially beginner traders, access to demo accounts. These accounts can be utilized in various ways. It is seen as a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.

　　A demo account is also beneficial to traders who wish to test their trading strategies in a mimicked live trading environment without risking their capitals.

Minimum Deposit

　　One of the most attractive features of these accounts is that they all require a minimum initial deposit of $1, making it accessible for most regular traders to get started.

Leverage

　　Trading 212 offers varying maximum leverage ratios for different trading instruments. For retail traders, the maximum leverage is set at 1:30. The leverage ratios provided by Trading 212 are as follows:

　　1. Major Currency Pairs: Retail traders can access a maximum leverage of 1:30 when trading major currency pairs. This leverage allows traders to control larger positions with a smaller amount of capital.

　　2. Minor Currency Pairs: When trading minor currency pairs, Trading 212 provides a maximum leverage of 1:20. This slightly lower leverage ratio still offers traders the potential to amplify their trading positions.

　　3. Gold: Retail traders have access to a maximum leverage of 1:20 when trading gold. This leverage ratio allows traders to speculate on the price movements of gold with increased exposure.

　　4. Other Commodities: For trading other commodities, Trading 212 grants a maximum leverage of 1:10. This leverage ratio applies to commodities other than gold and provides traders with the opportunity to participate in the commodity markets.

　　5. Equity CFDs: When trading equity CFDs (Contracts for Difference), retail traders can utilize a maximum leverage of 1:5. This lower leverage ratio for equity CFDs reflects the potentially higher risks associated with trading individual stocks.

　　6. Index CFDs: Major index CFDs are available with a maximum leverage of 1:20, providing traders with exposure to broader market indices. Minor index CFDs can be traded with a maximum leverage of 1:10.

　　These leverage ratios offered by Trading 212 are subject to change and may vary based on regulatory requirements and market conditions. It is important for traders to carefully consider the risks involved and manage their positions accordingly when utilizing leverage in their trading activities.

Spreads & Commissions

　　Trading 212's spreads start from 1.2 pips on EUR/USD. This broker does not charge any commissions for trade executions but collects a brokerage fee from he spreads.

Trading Platforms

　　Trading212 offers investors not the most popular MT4/MT5 trading platforms but a mobile application that can be downloaded from the App Store or Google Play.

Deposit and Withdrawal

　　Trading212 supports traders to deposit and withdraw funds to their investment accounts via various payment methods such as VISA/MasterCard/Maestro credit/debit cards, PayPal, Skrill, wire transfers.

　　Deposits can be made via bank transfers for free, while deposits made via cards, Google Pay, Apple Pay and other methods are free for cumulative amounts up to €2000/$2000. For cumulative amounts above €2000/$2000, a 0.7% fee is charged. On the other hand, withdrawals are free of charge on the platform, providing clients with a hassle-free experience in accessing their funds. It is important to note that payment processing times may vary based on the payment method chosen and the individual's location.

Educational Resources

　　Trading 212 has a good variety of educational videos, with over 170 available on its YouTube channel. Detailed articles and advanced materials are limited to the help center, however, and there are no archived webinars.

　　Education at Trading 212 consists mostly of videos, many of which are embedded in its web and mobile platform. Besides some posts in its community forum and FAQs in its help section, Trading 212 does not offer educational articles.

　　Customer Support

　　To seek assistance or support, traders on Trading212 can choose from various channels, including phone, email, or filling out the web form available on the platform's website. Additionally, there is a live chat feature available for traders to connect with customer support representatives. While the hours of support were not explicitly mentioned, it can be assumed that regular business hours are in place. Regardless, the availability of multiple channels for customer support ensures that traders can seek help and receive timely assistance whenever needed.

　　Conclusion

　　Overall, Trading212 can be an ideal choice for beginners due to its regulated status, demo accounts, and accessible customer support. However, users should be aware of the platform's limitations, including the limited product range, restrictions on certain trading strategies, inactivity fees, and a somewhat restricted research selection.

FAQs

　　Q: What deposit methods are available on Trading212？

　　A: Trading212 offers several deposit methods, including bank transfers, cards, Google Pay, Apple Pay, and other options.

　　Q: What is the fee for card deposits on Trading212？

　　A: Card deposits are free for cumulative amounts up to €2000/$2000. For cumulative amounts above that, a 0.7% fee is charged.

　　Q: Are withdrawals free on Trading212？

　　A: Yes, withdrawals are free of charge on Trading212.

　　Q: What is the processing time for deposits and withdrawals on Trading212？

　　A: Payment processing times on Trading212 may vary based on the payment method chosen and the individual's location.

　　Q: Is Trading212 regulated？

　　A: Yes, Trading212 is regulated by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CYSEC).