One of the best destinations for online forex and CFD trading is Trading 212. This site was launched back in 2004 and it’s been successfully working ever since. The company that owns this broker is called Avus Capital UK Limited and its headquarters are located in the UK; it works under the regulation of the FCA UK and FCA Bulgaria, thus making Trading 212 a reliable and trustworthy online trading site. This operator offers many benefits to those that use its services; some of the main strengths of Trading 212 are responsive platform, great trading offer, high quality support service and excellent mobile trading app.
Trading Offer
Trading 212 is a popular forex and CFD trading site that features a good deal of assets. The operator provides trading with numerous currency pairs including some of the most popular pairs such as USD/EUR, GBP/USD and USD/CHF with both fixed and flexible spreads. In addition to forex trading, customers at Trading 212 will have the possibility tot trade commodities such as corn, cotton and gas as well as stocks like Adidas AG, Apple Inc. and Microsoft Corporation. Finally, $AUSSIE200, $SPANISH35 and $GERMAN30 are some of the indices that are also featured on Trading 212 trading platform. This excellent and smooth working platform offers two different trading modes: aggregating and hedging. The latter is a more advanced trading mode and thus allows traders to open multiple positions, try netting and place various entry orders. The aggregating mode at Trading 212, on the other hand, allows users to reverse the positions.
It has to be pointed out that unlike other leading trading sites, Trading 212 has no dealing desk execution. The site offers neither PAMM accounts nor MAM accounts. Having a personal account manager is not an option as well. However, Trading 212 offers you the chance to have a broker managed trading account. The trading limits at the site are as it follows: the minimum deposit amount traders can invest is £/€100, the minimum lot site is 5k, while the max leverage is 1:200. Trading 212 doesn’t offer the micro 0.01 lot that can be found at some online brokers. Traders at this online forex and CFD trading broker can place entry orders such as take profit and stop loss orders. The platform also supports auto close orders and trailing stop orders. Furthermore, scalpers are allowed to trade with Trading 212 thanks to the site’s fast and accurate prices.
Spreads, Fees, Margins
Anyone that needs info about the spreads, fees and margins at Trading 212 can find them at the well organised Trading Instrument page. The first thing that catches the eye over there is the sentence saying that all trading instruments are commission free. When it comes to forex trading, users will notice both fixed and floating spreads. For example, AUD/CHF is one of the fixed spreads that comes with target spread of 0.0010, 2% margin and long position swap of 0.000013. The margin at the site varies depending on the trade, but most commonly goes between 0.5% and 3%. However, it’s clearly stated that for accounts with equity of over £/€25,000 a higher margin may be demanded by the operating company of Trading 212. It should be noted that the market opens at 0:01 pm on Sunday and closes at 8:59 pm on Friday GMT. The minimum deposit players are required to make at Trading 212 is £/€100.
Bonus Information
Trading 212 is known as a generous online trading site among experienced traders. However, currently the operator doesn’t have any active bonus opportunities and promotions available to users. After a quick chat with a support representative we found out that customers willing to make a deposit higher than £/€1,000 may be rewarded with a 10% personal bonus. Such bonuses have to be previously approved by the site’s managers and therefore prior making a deposit traders have to contact the support team; shortly afterwards the user will be informed whether he or she is eligible to receive a 10% personal bonus.
It has to be noted that some time ago new members were welcomed with a juicy £/€50 no deposit bonus, plus the operator often launches attractive promotions. Therefore, you can expect very soon to be able to claim a generous bonus at Trading 212. Just for the record, the rules of the site don’t allow bonuses to exceed £/€1,000 per promotion and bonus funds at the site are not cashable.
Website
If anything is spotless and superb at trading 212, that’s the operator’s website. Ultra modern and responsive, this website will make online trading pleasant from the first till the last second of it. Thanks to its smart design, users can easily navigate the site and get used to the user-friendly interface. The platform featured at Trading 212 is 100% web based and it doesn’t require users to download any files into their computers. Right from the start traders are given the option to start the trading platform in demo or live trading mode. Whatever they choose, they will witness a highly responsive platform that loads within seconds. One of the things that make trading 212 excellent for traders on the move are the native iOS and Android apps that are available at App Store and Play Store. The mobile apps provide the exact same functions that can be found on the desktop version of the platform. Thus, customers won’t have problems to migrate from desktop to mobile trading and vice versa.
Trading 212 is a great place for learning how forex and CFD trading works as well as for finding all latest information that could affect the outcomes of your trades. The website features a tab where users can read news connected to trading as well as find an economic calendar with events that should be observed. Furthermore, the site provides analysis that can help traders to open smart trades. Additional helpful features found at Trading 212 are the education centre and the demo account. The first one provides crucial guidelines, definitions and tips for new traders. The second, on the other hand, provides a trading platform with £/€10,000 demo credits. Players should only enter e-mail address and password in order to access the demo platform, which is exactly the same with the actual real money trading platform.
Banking and Payment Options
Trading 212 offers only several banking methods and those include Visa, Visa Electron, MasterCard, Maestro, PayPal and bank wire. Making a deposit at the site is fairly easy and takes four simple steps: log in, select a method, enter amount and checkout. The minimum deposit amount at the broker is £/€100 or $150, while the processing of the request can cost users from 0.7% to 3.5%; the deposit processing fee depends on the chosen payment method. Another thing that also depends on the banking method is the processing time. Therefore, if a player tops up their account via credit card or PayPal, the funds will be credited and ready to use within 10 minutes.
Cashouts, on the other hand, don’t include any processing fees. However, traders have to be aware that withdrawing via credit/debit cards and PayPal includes fees from the financial institution. For example, Trading 212’s bank includes a fixed 5 EUR (or currency equivalent) fee. Cashout requests usually take up to three days in order to complete. Winnings at Trading 212 are paid out via the same method used for making the initial deposit only. The operator will also need you to verify your identity by sending them copy of ID, utility bill and bank statement.
Additional Details of the Broker/Company
If you are looking for a forex and CFD trading site that takes a good care of its customers, you should try Trading 212. This operator provides customer support service that works 24 hours a day, every day of the week in order to keep all users happy and satisfied. The most popular contact option among members is, understandably, live chat. Nevertheless, users can send an e-mail using the short form or any of the 10+ e-mail addresses that provide support in various languages. In addition, traders can get assistance via phone using one of the 16 different lines for users from the UK, Germany, Spain and etc.
Trading 212 is owned and operated by Avus Capital UK Limited, a company that’s registered in England and Wales. Therefore, Avus Capital UK Limited is regulated by the Financial Conduct Authority under the licence number 609146. Additionally, the company has a sister firm Avus Capital Limited that’s registered in Bulgaria and works under the regulation of the Financial Supervision Commission of the country (licence number RG-03-0237). Despite working under strict regulations, the company also takes every possible measure to keep customers’ funds safe. Thus, all users’ money is held in segregated trust accounts in reputable and reliable financial institutions.
As was mentioned before, Trading 212 is owned and operated by Avus Capital UK Limited, a London based company. In 2004, the firm entered the forex and CFD trading industry after it launched Trading 212. Unfortunately, aside from the fact that the site works under the regulation of FCA UK and FCA Bulgaria, there are no other interesting facts connected to the operator. Trading 212 has never been awarded any reputable prizes, plus the company has never made a sponsorship deal. The expectation trading sites to be related to popular sport clubs exists because of 24Option, a binary options trading site, which is an official partner of two well known football clubs.
Conclusion/Experiences/Comparison
Trading 212 is a good online forex and CFD trading site. In comparison with Plus500, for example, the operator offers a demo account, which is very important for newbies, while both brokers have the same minimum deposit amount. However, Plus500 has a smaller minimum lot size of 1k, which puts it in a better position than Trading 212’s 5k. This broker offers a 100% web platform that is available on iOS and Android devices too, thanks to the native mobile apps. Therefore, we strongly recommend it to anyone who likes modern looking and user-friendly platforms, but doesn’t need micro lots.