Trading212 Forex Trade Platform and Broker Review

Trading212 Forex Trade Platform and Broker Review

Rate this post

Trading212 Broker Review

Trading212 is a Fintech company and broker that provides user-friendly software and platforms for the trading of equities, Forex, commodities, and more. Trading212 is regulated by the Financial Conduct Authority.

Trading212 was established in 2004 and is headquartered in London, with main offices in Wales. Trading212 has 75 employees. 

Is Trading212 Regulated?

Yes, Trading212 is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. 

According to the official website, Trading212 is under regulation for providing licensed investment and brokerage services in the United Kingdom. 

Trading212’s regulations guarantee that clients’ funds are kept separately in segregated bank accounts and are covered by the Financial Services Compensation Scheme, FSCS. 

Is Trading212 Regulated in the United States?

No, Trading212 is not regulated in Virginia or any other US state. 

Is Trading212 Regulated in Europe?

Trading212 is regulated by the Financial Conduct Authority (FCA). Following the Brexit process from December 2020, the auspices of UK regulators may no longer apply to EU jurisdictions.

Is Trading212 regulated in a Tier-1 Jurisdiction?

According to the Trading212 website, Trading212 is not regulated under Tier-1 jurisdiction. 

This regulation would allow Trading212 to give licensed operations in Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

Is Trading212 regulated in Tier-2 Jurisdiction?

According to the official Trading212 sources, Trading212 is regulated under Tier-2 jurisdiction. 

Tier-2 jurisdiction relates to licensed operations in specific countries, namely V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

What are the Platforms and Tools for Forex Trading in Trading212?

Trading212 provides traders with access to one type of trading platform, namely the proprietary Trading212 platform. 

  1. The proprietary platform from Trading212 is a very easy and accessible trading experience, with a strong selection of features that include charts and analysis, as well as the ability to place trades in multiple ways and perform several operations on the same trading pair simultaneously.

Does Trading212 Have a News Blog for Forex News?

Yes. Trading212 has a free news blog available on its official website. The so-called 212 Blog can be accessed directly from the broker’s website. It consists of insightful and regularly updated features on various impactful global economic and market events.

Does Trading212 Have a Traders Dashboard?

No, Trading212 does not have a Traders Dashboard. This is a feature offered by some brokers which allow for integrated monitoring of various forms of market data, technical and fundamental analysis that may impact currency prices. 

Does Trading212 Have an Educational Section?

Yes, Trading212 has an education system for Forex Traders. To join the education system, users can navigate to the dedicated Education section on the broker’s website by clicking on the “Learn” tab. 

What is the content of Trading212 Forex Education?

There are four tutorials featured in the education section. These are listed below. 

  1. Trading modes
  2. How to use charts
  3. Concepts and terms
  4. Economic indicators

There are also featured videos in the education section, which include topics like “Introduction to Fractional Shares”. 

Beginner traders should make use of Trading212’s educational offering, as it covers various important topics that will serve to improve trading insights and skills. 

Is Trading212 Legit?

Yes, Trading212 is a legit Forex Broker and Trade Platform. Trading212 has an FCA legal certificate to perform Forex Broker and trading services.

Is Trading212 Safe?

Trading212 is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated by the Financial Conduct Authority (FCA) in the United Kingdom. 

In terms of its safety protocols, all clients’ funds are kept separately in segregated bank accounts and are covered by the Financial Services Compensation Scheme.

In the unlikely event of default, the FSCS compensation is up to GBP 85 000 of the client’s funds. Each client will be compensated if the broker fails to comply with its obligations to the clients due to its financial state.

Is Trading212 a Good Broker?

Yes. According to the Forex Suggest review, for security, trading speed, and cryptocurrencies, Trading212 is a good broker. 

  1. In terms of trading speed, orders are executed using proprietary software on Trading 212 Group’s servers. This avoids transmitting the order to a third party for execution and will consequently be faster.
  2. In terms of security, Trading212 complies with highly regulated safety protocols and applies stringent data security measures to protect client funds and data privacy. 
  3. In terms of online support, Trading212 does not provide the option of a live chat function on its website. Traders can only contact the broker via an online query submission form.  
  4. In terms of cryptocurrencies, Trading212 offers several popular cryptocurrency options which can be traded as CFDs, including BCH, BTC, ETH, LTC, XRP, MON, and DASH.

What is the Offering of Investment in Trading212?

Offerings of Trading212 can be found below.

Feature Trading212
Forex Trading Yes
CFDs Yes
Forex Pairs Yes
Cryptocurrency (Physical) No
Cryptocurrency (CFD) Yes
Social Trading  Yes

Does Trading212 have Nasdaq?

Yes, Trading212 offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. The Nasdaq is an American stock index that lists some of the largest companies in the world for the trading of stock and indices. 

What are the Awards of Trading212?

According to the official sources and Forex Trading platforms, Trading212 does not have any awards listed to date. 

How to Use Trading212 for Forex trading?

To use Trading212, a forex trader should have the necessities below:

  1. A copy of their identification documents
  2. They should be 18 years or older. They should not be a resident of the United States or Canada, where the broker does not offer its services
  3. They should pass the broker’s application procedure as per FCA regulations

If a Forex Trader has the conditions above, they can open a forex trading account to use Trading212. 

How to open a Forex trading account with Trading212?

To open a Forex Trading account with Trading212, a trader should follow the steps below.

  1. Navigate to the account registration area on the official Trading212 website
  2. Fill out and submit the online registration form
  3. Submit the following as proof of identity: passport / national ID/driver's license
    Proof of address: bank statement / utility bill / mortgage statement / credit card statement
  4. Account opening at Trading 212 is fully digital, so you can go through the entire identification process on the broker’s website
  5. Once registration and the account opening process have been completed, you will be required to transfer the minimum deposit to your brokerage account from your bank account to be able to start trading.

What are the Forex Trader Account Types with Trading212?

Forex Trading Platform and Financial Asset Management Institution Trading212 have 3 different account types. Every Forex trading account type has different features and conditions with Trading212. 

Trading212 Account Types are listed below. 

  1. Demo Account

  2. Trading212 Invest Account

  3. Trading212 CFD Account

  • Demo Account

The free Demo account from Trading212 will allow users to test out the trade features of its proprietary platform within the provided account conditions. This will allow traders to decide whether they wish to sign up for a real account in a risk-free way. 

  • Trading212 Invest Account

The Trading212 Invest Account from Trading212 allows users to invest in fractional shares for large companies like Google, Amazon, and Apple. Fractional investing enables you to build a diversified portfolio even with a small amount of money.

  • Trading212 CFD Account

The trading212 CFD account from Trading212 allows access to trading of Forex, CFDs, and other instruments. The account has no commission charges, and for your open positions with Trading 212, the margin requirement varies depending on the trading instrument.

How to Withdraw Money from Trading212?

To withdraw money from Trading212, the following should be done:

  1. Tap on the three lines icon at the bottom right corner of the screen on the trading platform
    If you are accessing the platform via a web browser, click on your email address on the top corner of the screen
  2. Choose “Manage funds”
  3. Then “Withdraw funds”
  4. Confirm your password
  5. Select an account, type the amount and confirm your withdrawal request.

How many days do deposits take with Trading212?

Deposits will take up to 24 hours to be processed and reflect in your account with Trading212. This process may be longer for bank wire transfers, depending on your location. 

What are the costs and fees with Trading212?

Trading212 has two types of trading costs, namely spreads and swap rates. Spreads are the difference between the bid and the asking price and are expressed in pips. Swap rates consist of interest charged on positions held open overnight and are also called rollover fees. 

The Forex Trading Fees with Trading212 are below. 

Spreads:

  • EURUSD Spread: 1.2 pips
  • Oil Spread: 5 pips
  • FTSE Spread: 1.3 pt

Swaps:

Vary depending on the instrument being traded, your account currency, and the nature of your position at the time that it is rolled over. 

What are the Trading Fees with Trading212?

Trading212 charges spread and swap and does not charge commissions. There are no charges on deposits or withdrawals, and no inactivity fees for dormant accounts. Traders depositing in a currency not available on the accounts will incur conversion fees

What is the minimum deposit in Trading212?

Trading212 has an exceptionally low minimum deposit requirement of $1. 

What are the contract specifications in Trading212?

Feature Trading212
Forex Trading Yes
CFDs 1800
Forex Pairs 150
Cryptocurrency (Physical) 0
Cryptocurrency (CFD) 7
Social Trading  Yes

Does Trading212 have promotional offers?

No, Trading212 does not provide promotional offers or bonuses to its new or existing clients. This is because the Financial Conduct Authority (FCA) has banned all members from offering broker bonuses and promotions. 

Does Trading212 have a welcome bonus?

No, Trading212 does not offer a welcome bonus.

However, Trading212 has excellent and advanced trading software.  The broker’s mobile app has more than 14 000 000 downloads, which makes it one of the most popular trading apps in the world.

Does Trading212 have a deposit bonus?

No, Trading212 does not offer a welcome bonus.  The Financial Conduct Authority bars the broker from offering a deposit bonus due to client protection measures against overtrading.  

Is there a commission-free trade bonus in Trading212?

No, Trading212 does not offer a commission-free trade bonus. The broker does however offer completely commission-free trading on all instruments.  

Is there a VIP bonus in Trading212?

No, Trading212 does not offer a VIP bonus. Trading212 does not offer a VIP client account for high net-worth individuals.  

Can you start trading with no money at Trading212?

No, you cannot start trading with no money at Trading212. This is because Trading212 does not offer a any deposit bonus, therefore traders will need to deposit their own funds when opening a Trader Account.

How does leverage work with Trading212?

Leverage is an often used mechanism in Forex trading that allows traders to increase their positions by borrowing funds from their brokers. These loans can be borrowed as a ratio against their existing margin with their accounts. 

Traders can use leverage with Trading212 by setting their preferred leverage ratio within their account settings, which must be approved by the broker.  

Where are the headquarters of Trading212?

Trading212 is headquartered in London, the United Kingdom. Trading212 also has main offices in Wales.  

Who is Trading212’s CEO?

The CEO of Trading212 was formerly Nick Saunders. There is no information pertaining to the new CEO.  

What are the social media accounts of Trading212?

Traders can follow Trading212 on the following social media accounts:

  • Twitter
  • Facebook
  • Instagram
  • YouTube

How many employees do work for Trading212?

According to Owler.com, Trading212 has over 75 employees.

What are the opinions about Trading212?

Trading212 offers a very user-friendly trading platform, while its mobile app is one of the most downloaded in the industry. 

Trading212 is well-regulated by the Financial Conduct Authority (FCA). However, traders should note that Trading212 currently has a waitlist for new clients.  

What are Trading212 Contests?

Trading212 does not run any kind of Forex Trading Contests. Forex Contests can be performed for brokers who offer them to traders to profit on contest winnings. 

Trading212 didn't perform any Forex Contest in the past. For future forex exchange contests and competitions, Trading212 didn't perform any official announcements yet.

Does Trading212 have online support?

No, Trading212 does not have an online support team for Forex trade account users. The broker can only be contacted via an online query form. 

Does Trading212 offer demo accounts for Forex trading?

Yes, Trading212 offers a free demo account for all new traders. The demo account can be opened with the following steps:

  1. Go to the demo account registration portal on the Trading212 website
  2. Complete the registration form by filling out the required fields with your full name, email address and contact details
  3. A confirmation email will be sent to your inbox. Using the link in the email you can then launch your demo account. 

Does Trading212 have a mobile app for Forex trading?

Yes, Trading212 offers its proprietary mobile app. This highly popular app has several features that have made it one of the most downloaded in the industry. These are listed below. 

  • Unlimited commission-free trades
    10,000+ Real Stocks and ETFs from the UK, the US, Germany, France, Spain and the Netherlands
    Uncompromising, direct trade execution on the stock exchanges – we don’t sell your order flow
  • 3,000+ CFDs on Stocks, Forex, Gold, Oil, Indices, and more
    Tight spreads even at news time
    Smooth and easy to use charts for technical analysis

However, due to high demand for the app, Trading212 has temporarily suspended downloads until further notice. 

Does Trading212 publish an economic calendar?

An economic calendar allows traders to remain up to date regarding scheduled releases on important economic events which may impact their trades.

Trading212 does offer an economic calendar. Trading212’s economic calendar provides information on financial events, forecasts, and historical data.

What is the communication information of Trading212?

Trading212 has no telephone numbers and two local addresses. 

Trading212’s main local address is 107 Cheapside, London EC2V 6DN.

 

Table of Contents