Trading 212 – A Detailed Review of UK’s Only Commission-Free Trading Platform

Do you know investing in the stock market can benefit you extensively? It’s one of the best investment areas, as offered by Trading 212. This platform stores hundreds of online trading opportunities for you.

Although multiple other platforms offer similar services, Trading 212 is exceptional for charging no fees per deal. Tons of professional tools and widespread trading instruments make it one of the most preferred platforms among investors. In this detailed review, let’s dig into all the vital aspects of Trading 212. 

What is Trading 212?

Trading 212 is a London-based firm to deliver quick access to different financial markets. Opening a trading account is free of cost. Founded in 2006, this platform has come a long way. It offers the most significant and secure online trading opportunities. With Trading 212, you can get an edge over other investors in multiple areas. 

A few common examples include cryptocurrencies, commodities, stocks, and indices. It’s the only platform offering zero-commission stock trading in the United Kingdom and different parts of Europe. Thanks to its exceptional services, millions of individuals are trading in the stock market daily. 

Watch this video for a detailed review:

How Does Trading 212 Work?

Trading 212 lets you create a single account for real-time trading. You can keep a separate account for investing in real stocks and exchange trades. With this account type, you can trade instantly.

Many investors fear investing their money into a recently-joined platform. Trading 212 understands these concerns; hence allows practicing with virtual currency on a demo account. This account type automatically appears as soon as you sign up. After some practice, you can switch to live mode by fulfilling a few requirements.

Trading 212 Leverage 

You can also request a loan from this platform to make bigger traders, known as leverage. It double-folds your profit chances. However, this step can backfire if you don’t make a smart move. The leverage criteria of Trading 212 are as under  

• Forex and currencies – 1:30 
• Stocks CFDs – 1:5 
• Commodities CFDs – 1:10 

How to Login into Trading 212?

Opening an account on Trading 212 is very simple. Following a few easy steps activates your live trading mode. Hence, the guide below can help you better understand the Trading 212 login process. 

• Visit the Trading 212 sign-up page. 
• Enter your email and password to start. You can also use an existing Facebook or Google account to process this step more quickly. 
• Fill in the required information, including your name, email address, contact number, and more. 
• After completing the above step, you will receive a confirmation email. Visit the link to enter your account’s dashboard. 
• Your demo account is live. You can start to practice trading with virtual $50,000. 
• After getting enough experience, you can go live and start trading in real time. 

Requirements for Live Trading 212 Account 

You must provide a few documents to activate the live trading mode, including:

• Identity document 
• Residential proof
• Utility bill 

Features of Trading 212

The below features of Trading 212 qualify it as one of the top-notch trading platforms. 

1. Extensive Trading Instruments 

You can trade in several financial markets through a single platform. Moreover, all instruments, including stocks, indices, and cryptocurrencies, are 100% commission-free. The terms and conditions remain similar whether you’re trading through CFDs or Forex. 

2. User-friendly Interface 

This platform comprises a user-friendly interface. With easy-to-operate professional tools, trading gets more accessible and exciting. Furthermore, everything from money deposition to vast trading opportunities and withdrawal is straightforward.

3. Additional Tools 

Besides multiple trading options, you can also access some essential tools for different purposes. You can see real-time updates, data-driven trends, and a pre-built calendar under this section. 

4. Mobile Application 

With this platform’s mobile application, trading has become more manageable. You can close deals quickly and for free. Also, the application has a simple interface allowing quick trading and access to other valuable features. 

5. Easy order placing 

You can place trading orders with a single click. Thanks to its convenient navigation that displays all the risk managing factors on a combined menu. From taking profits to stopping losses, everything is easily manageable at Trading 212. You can also modify the order positions or cancel them whenever needed through a simple step. 

Pros and Cons of Trading 212

No trading platform is entirely perfect. There are a few drawbacks with tons of advantages. So, let’s briefly overview both sides of Trading 212. 

Pros 

• Secure platform, Financial Conduct Authority-complied 
• Wide range of instruments 
• Multiple professional tools 
• Extensive tutorials and a trading-based educational section 
• User-friendly interface 

Cons

• Not suitable for beginners 
• Lacks multi-currency accounts 

Trading 212: Fees

Trading 212 lets you trade without paying extra commissions on every deal. No matter how many deals you crack, it charges $0 every time. Moreover, its fees are also highly competitive for all trades. It may vary according to the trader’s actions, invested amount, and trade volume. You can access further details on Trading 212 fees here. 

Final thoughts

Online trading is becoming a norm. It’s one of the most effective earning options. However, few platforms offer quick, secure, free-of-cost access to the financial markets. Trading 212 is one of them that has made a reputable stance in the market through no-commission stock exchange services.

It has multiple valuable features leading to more functional trading for you. We hope our extensive review helped you get detailed information about this platform. Get your hands on the demo account right now and start practicing your way toward becoming an experienced investor. Visit Somquest to learn more.

FAQs

Q: What is the minimum deposit on Trading 212?

A: It varies according to the currency. 

• US dollar – 150 
• Euro – 100 
• British pound – 100 

Q: Does Trading 212 offer market analysis tools?

A: You can analyze the current financial market trends to make better online trading decisions. The Trading 212 charting is highly functional and easy to understand. 

Q: Is there any withdrawal fee on Trading 212?

A: The withdrawal fee at Trading 212 is 0%. However, bank or Skrill service charges may apply.