Introduction
Trading 212 is a London-based brokerage company that is highly regarded as one of the best online trading platforms. The platform provides its clients with a wide range of financial instruments that include stocks, currencies and commodities. Trading 212 has been in operation for over 16 years, and it has a vibrant community of traders that rely on the platform to execute their trading strategies.
Account Types and Charges
Trading 212 offers three types of accounts, namely:
1. Practice Account – This account is for beginners and those that want to learn the ropes of trading without using real money.
2. Standard Account – This account provides traders with access to thousands of different financial markets. The minimum deposit for a standard account is $10 or an equivalent in your currency.
3. Professional Account – This account is for experienced traders who wish to trade in larger volumes, and it requires a minimum deposit of $10,000.
Trading 212 is unique in that it does not charge any commissions on trades, and there are no fees for account management or depositing and withdrawing funds.
Trading Platform
Trading 212’s trading platform is user-friendly, and it is available on the web or via mobile apps for both iOS and Android devices. The platform is also available in over 16 languages, making it accessible to traders across the globe.
The platform has a host of features that make it stand out from other trading platforms, these include:
1. Stop-loss and take-profit orders.
2. A built-in economic calendar.
3. A newsfeed that provides real-time news on the financial markets.
4. An extensive library of educational materials and trading guides.
5. The ability to set up price alerts and notifications.
The platform also provides traders with access to a range of analytical tools such as charting indicators and live feeds, which enables traders to make informed trading decisions.
Customer Service
Trading 212’s customer service is commendable; they offer 24/7 support via email or live chat. The customer support team is highly trained and very responsive in resolving issues and answering queries.
Security Measures
Trading 212 is regulated by the Financial Conduct Authority (FCA) in the UK and must adhere to stringent guidelines to ensure the safety of its clients’ funds. The platform uses SSL encryption to secure its website, and clients’ funds are held in segregated accounts to ensure their security.
Pros and Cons of Trading 212
Pros:
1. The platform is easy to use, making it accessible to both beginners and experienced traders.
2. Trading 212 is completely commission-free, and there are no fees for account management, depositing and withdrawing funds.
3. The platform has a wide range of financial instruments, which ensures traders have access to a diverse range of markets.
4. Trading 212 is highly regulated and adheres to the highest standards of security and customer protection.
5. The platform offers a wide range of analytical tools and educational resources, which enable traders to make informed trading decisions.
Cons:
1. The lack of the MetaTrader 4 platform may not be suitable for traders who are accustomed to this platform.
2. The range of financial instruments offered is not as extensive as some other trading platforms.
Conclusion
Trading 212 is an excellent online trading platform that is suitable for both beginners and experienced traders. The platform is user-friendly, commission-free and offers a wide range of financial instruments. The customer support is outstanding, and the security measures are top-notch, making it one of the best online trading platforms available. Trading 212 is highly recommended for anyone looking to invest in the financial markets.
PLEASE NOTE: Some of the articles have been created by Artificial Intelligence for marketing purpose. Not all of them has been reviewed by humans so these articles may contain misinformation and grammar errors. However, these errors are not intended and we try to use only relevant keywords so the articles are informative and should be close to the truth. It’s recommended that you always double-check the information from official pages or other sources. Also, the articles on this website are not investment advice. Any references to historical price movements or levels are informational and based on external analysis and we do not warrant that any such movements or levels are likely to reoccur in the future.
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.
Some of the links on this page may be affiliate links. This means if you click on the link and purchase the item, I will receive an affiliate commission. Thank you for that!