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Trading 212 Broker Review
Updated: May 10, 2023
Last Updated On May 10, 2023
3.57
/ 5
| 🏦 Min. Deposit | USD 10 |
| 🛡️ Regulated By | FCA |
| 💵 Trading Cost | USD 24 |
| ⚖️ Max. Leverage | 30:1 |
| 💹 Copy Trading | No |
| 🖥️ Platforms | trading212 |
| 💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices |
Most retail CFD accounts lose money. Your capital is at risk.Last Updated On May 10, 2023
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.
Our verdict on Trading 212
Trading 212’s product offering is centred around the Trading 212 mobile app, the UK’s #1 trading and investing app. Though only the proprietary Trading 212 platform is available, on desktop as well as mobile devices, spreads are variable and relatively tight, starting at 0.8 pips on the EUR/USD. Education and market analysis are both very light and, as Trading 212 is a multi-asset broker, much of the content is focused on assets other than Forex.
Overall a decent broker and app, especially for those who like a simple Forex trading experience.
| 🏦 Min. Deposit | USD 10 |
| 🛡️ Regulated By | FCA |
| 💵 Trading Cost | USD 24 |
| ⚖️ Max. Leverage | 30:1 |
| 💹 Copy Trading | No |
| 🖥️ Platforms | trading212 |
| 💱 Instruments | Commodities, Cryptocurrencies, Stock CFDs, ETFs, Forex, Indices |
Overall Summary
Deposit & Withdrawal Methods
Supported Platforms for Trading 212
Account Information
Trading Conditions
Company Details
Deposit & Withdrawal Methods
Supported Platforms for Trading 212
Pros
- Regulated by the FCA CySEC and FSC ensuring high standards of safety and reliability
- Offers a vast array of over 1800 tradable assets including a wide range of Forex pairs
- Provides a simple
- user-friendly proprietary trading platform
- Low minimum deposit requirement
- making it accessible to a broader audience
- Offers negative balance protection to its clients
Cons
- CFD spreads are significantly wider than those of other brokers
- Limited educational and market analysis resources making it less suitable for beginners
- Customer support is slow and limited to a ticketing system
- The proprietary platform does not support algorithmic trading and lacks the execution speed of MT4 and MT5
- Restricted to one type of live account
- which may not meet the needs of all traders
Editorial Team
Chris Cammack
Head of Content
Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications. His background has given him a deep knowledge of international financial markets and the geopolitics that affects them. Chris has a keen eye for editing and a voracious appetite for financial and political current affairs. He ensures that our content across all sites meets the standards of quality and transparency that our readers expect.
Alison Heyerdahl
Senior Financial Writer
Alison joined the team as a writer in 2021. She is the Senior Editor for FXScouts. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers. She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers.
Ida Hermansen
Financial Writer
Ida joined our team as a financial writer in 2023. She has a degree in Digital Marketing and a background in content writing and SEO. In addition to her marketing and writing skills, Ida also has an interest in cryptocurrencies and blockchain networks. Her interest in crypto trading led to a wider fascination with Forex technical analysis and price movement. She continues to develop her skills and knowledge in Forex trading and keeps a close eye on which Forex brokers offer the best trading environments for new traders.
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Most retail CFD accounts lose money. Your capital is at risk.
3.57
/ 5
Data provided by FX Scouts Kenya
Trading 212 Trading Cost Comparison
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