A Comprehensive Review of Trading 212 Broker: Pros and Cons
Trading 212 is a UK-based brokerage platform, established in 2004. It became a popular choice for European traders due to its affordability, user-friendly design, and high liquidity. In this article, we will conduct a comprehensive review of the Trading 212 broker, including its pros and cons.
Pros of Trading 212
Low Trading Costs
One of the significant advantages of Trading 212 is its zero-commission policy, which means traders pay no fees for buying and selling any stocks, ETFs, or cryptocurrencies. Moreover, they provide very competitive spreads for forex trading. Additionally, the platform has no hidden fees, and traders can withdraw money for free once per month.
User-Friendly and Aesthetically Appealing Interface
Trading 212’s user interface allows easy navigation, and its design is very pleasing to the eyes. New traders can easily find everything they need to start trading due to the availability of instructional videos, blogs, and extensive educational materials on different topics ranging from trading psychology to chart analysis.
Another advantage of Trading 212 is that its mobile applications have a one-click trading feature, which speeds up the process of buying or selling a financial instrument. This feature makes Trading 212 one of the most efficient trading platforms on the market.
Diversity of Tradable Assets
Trading 212 offers a wide range of tradable assets, including stocks, cryptocurrencies, forex, and commodities. The platform currently offers more than 3,000 tradable assets, which is a very significant number compared to most other platforms.
Trading 212 is regulated by the Financial Conduct Authority (FCA) in the UK, which is one of Europe’s most reputed regulatory bodies. The commission ensures that all firms operate within the legal framework and provide trader protection, which increases their credibility and trustworthiness.
Cons of Trading 212
Limited Charting Features
Unlike some other popular platforms, Trading 212 has limited charting features, which can be an issue for advanced traders who need to conduct in-depth technical analyses.
Burdened Customer Support
Another downside of Trading 212 is its customer support. Although the platform offers email and chat support, users have reported waiting for several days to get a response to their queries. This situation can be quite frustrating, especially when a critical issue arises.
Small Portal for Research and News
Despite Trading 212’s good educational resources, its research and news portal is limited compared to other trading platforms. It can be challenging to find in-depth and up-to-date news and research reports.
Deposit and Withdrawal Issues
Some traders have reported glitches during the deposit and withdrawal processes, which can cause delays in funds availability. Moreover, traders have to pay withdrawal fees if they exceed the free monthly withdrawal limit.
Trading 212 is an excellent choice for brokers, particularly for beginner and occasional traders, due to its zero-commission policy, user-friendly interface, and diversity of tradable assets. Despite some downsides, including limited charting features and customer support, the broker’s advantages outweigh its disadvantages, making it a secure and reliable platform.
The platform’s commitment to continuous improvement and innovation, particularly as per the user feedback, only serves to strengthen its position as a market leader, and it is thus worth recommending.
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In accordance with the requirements set by the European Securities and Markets Authority (ESMA), trading with binary and digital options is only available to customers categorized as professional clients.
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