4.5/5

Your capital is at risk

    Available Countries
  • Worldwide, UK, Australia, Europe (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Bank Transfer (Show More)
  • Cryptocurrency CFDs
    Exchange Type
  • CFD Trading Platform (CFD)
  • CFD Instruments
  • Crypto, Indices, Forex, Commodities, Shares
Margin Trading
  • Yes
  • Built In Wallet
  • No
  • Compensation Scheme
  • Yes
  • Regulated
  • Yes
  • Minimum Deposit
  • Varies, 29 EUR/GBP/USD (once), 100 EUR/GBP/USD (for subsequent deposits)
  • Deposit Fees
  • Free (Show More)
  • Withdrawal Fees
  • Free, Varies, 5 EUR (for bank transfer ) (Show More)
  • Trading Fees
  • Free, Varies, Floating spread, Swap fee, Conversion fee (Show More)
  • Limits
  • Varies, 29 EUR/GBP/USD (once), 100 EUR/GBP/USD (for subsequent deposits), Up to 1:2 leverage for Crypto CFDs (Show More)
  • Verification
  • KYC Verification (Show More)
  • Jump to page contents

    Trading212 Platform Review

    Trading 212 is one of the reputable CFD trading platform that allows anyone to trade forex, commodities, stocks, cryptocurrencies, and indices. Trading 212 is the trading name of Trading 212 UK Ltd and Trading 212 Ltd. Trading 212 UK Ltd is registered in England and Wales, regulated and authorized by the FCA (Financial Conduct Authority). Trading 212 Ltd is registered in Bulgaria and is regulated and authorized by Financial Supervision Commission.

    Your capital is at risk

    Trading212 Review
    Screenshots are shown for illustration purposes only. Actual product may vary.

    Being a regulated platform, Trading 212 protects its customers’ assets by keeping them safely in segregated bank accounts. Furthermore, it provides compensation of up to €20,000 in case the company is unable to repay its customers’ funds or it is dissolved. In addition to this, it also follows industry’s best security practices to protect its customers’ assets.

    The web trading platform of Trading 212 is intuitive and user-friendly. At the time of writing, it listed more than 1800 instruments including all the top cryptocurrencies like Bitcoin, Litecoin, Ethereum and Ripple. It offers a practice account to help traders test their skills without risking their money. The CFD trading platform has a mobile app (iOS/Android) to help users trade on the go.

    The following review analyses several aspects of Trading 212, whilst providing you with an all-rounded detailed overview of the platform and its services. Although Cryptimi does its best to provide you with accurate information, whilst aiming to update it on a regular basis, we strongly recommend you to visit their visit their website for any important updates which might occur after this review has been published.

    Is Trading 212 Safe?

    Trading 212 claims that all clients’ funds are kept separately in segregated bank accounts. In order to comply with regulations, the clients are covered by FSCS (Financial Services Compensation Scheme) and ICF  Bulgaria (Investors Compensation Fund). And, if the company is not able to repay clients’ funds or fails, then clients are eligible to get a claim of up to £85,000 under FSCS and to a maximum of €20,000 or 90% of clients’ funds, whichever is lower.

    A dedicated 24/7 Security Operations Centre monitors and analyses the web site’s traffic to protect its customers from security vulnerabilities.

    Trading 212 CFD Trading Platform

    Trading 212 allows users to trade CFDs on all popular markets like stocks, commodities, cryptocurrencies, forex and indices. At the time of writing, it has listed all the popular cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin and Monero. To get the full list of instruments supported by Trading 212, check out their check out their website.

    User Friendliness

    The CFD trading platform offers a lot of customization option for its users not only on its features but also on its appearance. For example, users can select dark mode to view the trading screen in black colour, which will help to reduce irritation on their eyes.

    On clicking the ‘i’ icon for an instrument, users can get full details including the minimum trade quantity, spread fee, margin, leverage and swap fee. It allows users to create multiple watch lists to quickly get price changes for their favorite assets.

    For mobile-savvy customers, Trading 212 offers both iOS/Android apps to trade on the go.

    Your capital is at risk

    Trading 212 CFD Trading Account

    In order to create a trading account with Trading 212, you need to spend at least 5-10 minutes, as it expects you to provide not only personal information but also to answer questions to test your trading skills. It allows users to switch between Real/Practice account and provides an option to reset the password, in case it is forgotten.

    How to Sign up on Trading 212

    Follow the below steps to create your account on Trading 212:

    Trading212 Sign up Screen

    1. Navigate to their site and click Open an Account.
    2. Select ‘Real Money’ or ‘Practice’.
    3. Select your country of residence and click ‘Next’.
    4. Enter your full name, phone number and click ‘Next’.
    5. Enter your residential address and click ‘Next’.
    6. Select the country where you pay taxes and click ‘Next’.
    7. Enter your Tax ID and click ‘Next’.
    8. Select the currency for your account and click ‘Next’.
    9. Follow the instructions to answer questions related to your trading knowledge.
    10. Finally, enter your email address, password and click ‘Create Account’.

    Now, you have successfully created your account on Trading 212 and you will be redirected to your account dashboard.

    How to Log in on Trading 212

    To log in to your account, follow the below steps:

    Trading212 Log in Screen

    1. Navigate to their site and click LOG IN.
    2. Enter your email address, password and click LOG IN.

    After logging in to your account, you can deposit funds to start trading CFDs on Trading 212.

    Verification Requirements

    While creating an account on Trading 212, users need to provide a lot of information including their email, phone number, residential address and tax ID. Furthermore, they must verify their identity by submitting a passport and utility bill or a bank statement issued in the last 3 months in their name. Only then, users will be able to deposit or withdraw funds on the trading platform.

    How to Buy or Sell Bitcoin CFDs with Trading 212

    Follow the next steps to buy/sell Bitcoin CFDs on the Plus500 trading platform. Before starting to place your order, make sure that you have deposited funds in your account.

    How to Deposit Funds on Trading 212

    The below steps will show you how to deposit funds into your account. The minimum amount of deposit is 29 USD or equivalent (once). Refer to the Platform Fees & Limits section to learn more information about deposit fees and limits.

     

    Trading212 Deposit Funds

    1. Log in to your account and click  Deposit Funds.
    2. Enter your account password and click Next Step.
    3. Select your payment method and enter the deposit amount.
    4. Follow the on-screen instructions and fill all required fields to deposit funds.

    For credit or debit cards,  funds will be credited to your account within 10-15 minutes. However, it might take 2-3 business days, if you are transferring the money via wire/bank transfer.

    Now, let’s see how one can buy Bitcoin CFDs on Trading 212:

    Buy Bitcoin on Trading212
    Screenshots are shown for illustration purposes only. Actual product may vary.
    1. Log in to your account and select Cryptos on the left.
    2. Select the crypto CFD you would like to buy.
    3. Click square+ icon to open detailed trade box screen.
    4. Follow the on-screen instructions to fill out all required fields such as order type and number of units to place your order.

    Once you had placed the order, you can check its status under OPEN POSITIONS.

    Your capital is at risk

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    How to Cash Out on Trading 212

    For security reasons, Trading 212 highly recommends its users to withdraw funds to the original deposit method. In case you had used multiple payment options to fund your account, then your money will be refunded to your credit or debit card. The trading platform doesn’t charge any fees or commissions for withdrawals. However, a transfer fee might be applicable for withdrawals made via bank transfer.

    Follow the below steps to place your withdrawal request.

    1. Log in to your account and click the down arrow near your username.
    2. Click WITHDRAW FUNDS.
    3. Select your original deposit method and enter the withdrawal amount.
    4. Follow the on-screen instructions to place your request.

    Depending on the payment method, it might take an hour or 2-3 business days (for wire transfer) to receive funds on your account.

    Supported Cryptocurrencies

    At the time of writing, Trading 212 supports the following cryptocurrency CFDs:

    • Bitcoin (BTC)
    • Bitcoin 0.1
    • Bitcoin Cash (BCH)
    • Ethereum (ETH)
    • Ethereum 0.1
    • Ripple (XRP)
    • Litecoin (LTC)
    • Litecoin 0.1
    • Dash (DASH)
    • Dash 0.1
    • Monero (XMR)
    • Monero 0.1
    • NEO (NEO)
    • EOS (EOS)
    • ETH/BTC
    • Crypto 30

    To get the full list of cryptocurrency CFDs supported by Trading 212, check out their website.

    Supported Countries

    Trading 212 accepts members from almost all countries worldwide.

    Supported

    The Top countries supported by Trading 212 are given below:

    Trading 212 offers its services to almost all countries in EEA (European Economic Area) including Austria,  Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lithuania, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and United Kingdom.

    Your capital is at risk

    Excluded

    Trading 212 doesn’t accept residents of the United States & Belgium. Please note that this information was relevant at the time of writing, so it is good to confirm whether any updates have been made since then.

    Platform Fees & Limits

    Every CFD trading platform has its own fee structure and limits.

    Fees

    Trading212 Fees Review
    Screenshots are shown for illustration purposes only. Actual product may vary.


    Trading Fees

    Trading212 doesn’t charge any commissions for every trade. However, it charges a conversion fee of 0.5% from the result of your position.

    Overnight Funding

    Depending on the type of your position and the selected instrument, you might need to pay an overnight funding/swap fee to hold positions. To find the overnight funding fee for particular crypto, navigate to the trading screen, select your desired instrument and click ‘i’ icon on that.

    Inactivity Fee

    Based on the information provided in Client Agreement, an inactivity fee might be applicable, if there are no trades on your account for a period of six consecutive months.

    Spread Fee

    Since the spread type is floating on Trading 212, its value varies depending on the market conditions. To find out the spread fee, navigate to your trading screen, select the instrument and click ‘i’ icon.

    Deposit/Withdrawal Fees

    Trading 212 doesn’t charge any fees to deposit/withdraw funds. However, a commission of €5 might be deducted by your bank for withdrawals.

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Limits

    The minimum deposit/withdrawal limit is 29 USD/EUR/GBP (only for the first time). For subsequent deposits/withdrawal, the minimum value is set to 100 USD/EUR/GBP.

    The trading platform offers leverage of 1:2 for cryptocurrency CFDs.

    Supported Payment Methods

    Trading 212 supports a wide range of payment options in three fiat currencies: EUR, GBP, USD

    • Bank transfer
    • Credit/Debit card (VISA/Master card/Maestro)
    • Skrill
    • Dotpay
    • Giropay
    • SafetyPay
    • G Pay (Google Pay)
    • Carte Bleue
    • Mister Cash
    • Direct eBanking
    • Union Pay
    • CashU 

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Trading212 Security

    The CFD trading platform doesn’t provide any additional security features like two-factor authentication to protect users’ accounts from unauthorized access. Moreover, it doesn’t ask for confirmation from users, if a withdrawal request is placed. Therefore, it becomes the sole responsibility of users to keep their accounts secure by using strong unbreakable passwords and avoid logging in from shared devices.

    On the other hand, Trading212’s app offers the option to add an additional password to further protect the account. The investor would also be asked to type this password prior to the execution of withdrawals. We highly recommend setting up this security feature to protect your account in case your phone gets lost or stolen.

    Trading 212 Customer Support

    The CFD trading platform provides a 24/7 Live Chat option to its customers. After logging to your account, the live chat  icon will be visible on the bottom right of your screen. It has a dedicated phone number (UK-based) as well to resolve customers’ queries. Or users can send a detailed email to [email protected] Apart from that, users can make use of the contact form available on their website to resolve their issues.

    The trading platform has a dedicated YouTube channel with a lot of educational/instructional videos to help users learn to trade.

    Top Competitors

    Trading 212 vs eToro

    Both are regulated trading platforms that offer CFD trading over a wide range of financial instruments. Trading 212 protects its customers’ assets with investor compensation whereas eToro doesn’t provide any such option, this information was of course relevant at the time of writing. Both Trading 212 and eToro offer a mobile app (iOS/Android) to help users trade wherever they go.  eToro provides additional security features like two-factor authentication whereas Trading 212 doesn’t have that option.

    Trading 212 vs Plus500

    Trading 212 as well as Plus500 have 1000+ instruments listed, including top cryptocurrencies like Bitcoin, Litecoin, Ethereum and Ripple on their platform. Since they are regulated platforms, Trading 212 and Plus500 require their customers to submit relevant documents to verify their identity before starting to trade. When compared to Plus500, Trading 212 supports multiple payment options and doesn’t charge any fees or commissions to deposit/withdraw funds.

    Trading 212 vs IQ Option

    IQ Option and Trading 212 offer a demo account for their customers to test their trading skills sans the fear of losing money. Furthermore, Trading 212 provides an investor compensation of up to €20,000 to its customers, in case the company is not able to repay their assets. Even though IQ Option keeps its customers’ funds in segregated bank accounts, it doesn’t offer any compensation benefits to its clients. Both platforms support a wide range of payment options including bank/wire transfer and provide excellent customer support.

    Conclusion

    With multiple payment options, investor compensation, low fees and a wide range of financial instruments to choose from, Trading 212 is an excellent option for both novice and experienced traders. Being a regulated exchange, it strictly follows all KYC and AML regulations to keep its customers’ assets secure. Except for a few countries like US, it accepts users from all over the world. However, users should remember that trading CFDs always carry a significant amount of risk and it is possible to lose all your money.

    Your capital is at risk

    Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    Rating Score

    4.5

    Pros

    • Regulated platform
    • Investor compensation
    • No deposit/withdrawal fees
    • 1500+ instruments
    • Multiple payment options
    • Customer support via live chat & phone

    Cons

    • Supports only a limited number of cryptocurrencies

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