Trading 212 Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 86% of retail CFD accounts lose money You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading 212 provides a solid forex and CFD offering with a wide range of tradeable symbols and an easy-to-use trading platform, though it has some limitations such as higher-than-average spreads and a lack of advanced trading tools.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Extensive Tradeable Symbols: Offers 8,025 tradeable symbols, significantly above the industry average.
- Proprietary Platform: Offers a user-friendly proprietary trading platform tailored to its services.
- Trustworthy Regulation: MiFID and FCA regulated, adding a layer of trustworthiness.
Cons
- Average Spreads: The average spread for EUR/USD is 1.9, which is substantially higher than the industry average of 1.08.
- No MetaTrader Support: Does not offer MetaTrader 4 or MetaTrader 5, which are popular among traders.
- No Copy Trading: Lacks copy trading features, which can be a disadvantage for beginners wanting to mimic successful traders.
Ratings Summary
- Investment Types - 9.5/10
- Commissions & Fees - 7.5/10
- Trading platforms - 8.0/10
- Research - 6.5/10
- Mobile Apps - 8.0/10
- Education - 7.5/10
- Overall - 7.7/10
Can I trust Trading 212?
Trading 212 is regulated by MiFID and the FCA, ensuring a certain level of security and trust. According to ForexBrokers.com, Trading 212 is considered to be of "Average Risk," with a Trust Score of 79.
Trading 212 is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system
- Tier-2 Regulators - None
- Tier-3 Regulators - None
- Tier-4 Regulators - None
Is Trading 212 good for beginners?
While Trading 212 provides many educational videos, it has a paltry selection of written content. This lack of variety keeps it from competing with best-in-class brokers suitable for beginners.
| Feature |
Trading 212
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | Yes |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Trading 212 commissions and fees summary
Trading 212 charges an average spread of 1.9 for the EUR/USD pair, which is higher than the industry average of 1.08. There is no inactivity fee, and the minimum deposit required is a reasonable €10. However, it does not offer active trader or VIP discounts. Overall, it has average commissions and fees.
| Feature |
Trading 212
|
|---|---|
| Minimum Deposit | €10 |
| Average Spread EUR/USD - Mini | 1.9 |
| Average Spread EUR/USD - Standard | 1.9 |
| All-in Cost EUR/USD - Active | 1.9 |
| Active Trader or VIP Discounts | No |
Trading 212 trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Trading 212 offers a proprietary platform which is user-friendly and efficient. Our research recommends it for those who do not require MetaTrader 4 or MetaTrader 5. The platform and tools are rated as average, making it a suitable choice for most investors.
Trading platforms offered: Proprietary platform.
Trading tools: Comprehensive tools suitable for most traders.
Copy trading: Not available.
| Feature |
Trading 212
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | No |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| DupliTrade | No |
Trading 212 trading platform screenshots
Mobile trading apps at Trading 212
Trading 212 offers reliable mobile trading apps that are well-designed and easy to use. These apps are recommended for traders who need to manage their portfolios on the go, with good overall functionality.
| Feature |
Trading 212
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
Trading 212 mobile app screenshots
How do I open an account with Trading 212?
- Visit the Trading 212 website.
- Click on "Open Account".
- Fill in the required personal information.
- Verify your identity with the necessary documents.
- Fund your account to start trading.
What can I trade at Trading 212?
Trading 212 offers 146 forex pairs and 8,025 tradeable symbols, far exceeding the industry average of 3,623. This extensive offering makes it an attractive choice for traders looking for a wide variety of options.
Note that the full range of symbols and forex pairs available to you will depend on your country of residence and the applicable entity you create an account with. Visit the broker's website for more detailed information about their exact offering for your location.
| Feature |
Trading 212
|
|---|---|
| Tradeable Symbols (Total) | 8025 |
| Forex Pairs (Total) | 146 |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
Trading 212 research screenshots
Account funding at Trading 212
Trading 212 supports funding through bank wires, PayPal, and credit cards. However, it does not support Neteller or Skrill.
| Feature |
Trading 212
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | No |
| Neteller (Deposit/Withdraw) | No |
About Trading 212
Trading 212 was founded in 2004. It is a well-established broker offering a wide range of trading options and educational resources. Although not publicly traded, it is regulated by MiFID and the FCA, ensuring a certain level of trust and reliability for its users.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.