Trading212 Review: Access Major Markets Through CFD Trading

Trading 212 stands out as a reliable CFD trading platform enabling users to trade in forex, commodities, stocks, and indices. It operates under the name Trading 212 UK Ltd and Trading 212 Ltd. Trading 212 UK Ltd is based in England and Wales, adheres to regulations under the FCA, while Trading 212 Ltd is registered in Bulgaria and is supervised by the Financial Supervision Commission.

As a tightly regulated platform, Trading 212 ensures customer funds are protected in separate bank accounts and offers compensation up to €20,000 if unable to repay customers. It strictly follows top-tier security measures for asset protection.

Trading 212 provides an intuitive user experience on its web platform, currently excluding crypto and crypto CFDs trading. Users can practice trading risk-free before venturing into real investments, supported by a mobile app for trading anywhere.

The Trading212 review thoroughly evaluates various elements of Trading 212, offering a panoramic view of its features and services. While Cryptimi strives for accuracy and frequently updates information, it's advisable to check their website for any changes post-review.

Is Trading 212 Safe?

Trading 212 assures clients their funds are securely separated in bank accounts, covered by FSCS and Bulgaria’s ICF. In the event of inability to repay, claims of up to £85,000 under FSCS or €20,000 or 90% of funds, whichever is less, are secured.

Trading 212 boasts a 24/7 Security Operations Centre dedicated to monitoring traffic and thwarting security threats.

Trading212 CFD Trading Platform

Trading212 facilitates CFD trading in popular markets including equities, commodities, forex, and indices, with current cryptocurrency trading on hold. For an extensive list of tradable instruments, visit their website.

User Friendliness

The CFD platform offers a highly customizable user experience in functionality and aesthetics, such as a dark mode for a less straining, eye-friendly visual on the trading interface.

Click the 'i' icon for detailed instrument insights like minimum trade turnover, spread fee, margin details, and leverage. Users can curate watch lists to quickly track asset price movements.

Tailored for the mobile-friendly crowd, Trading 212 is available on various devices. iOS / Android apps to trade on the go.

Trading212 CFD Trading Account

Creating an account on Trading 212 involves a brief 5-10 minute setup with personal details and skill-testing questions. Switch between Real or Practice accounts with password reset options available when needed.

How to Sign up on Trading212

Below are steps to create your Trading 212 account:

1. Go to their website, select 'Open an Account.'
2. Select ‘Real Money’ or ‘Practice’.
3. Choose your residential country, then click ‘Next’.
4. Provide full name and contact number, then click ‘Next’.
5. Add your address, then hit ‘Next’.
6. Identify your tax-paying country, then click ‘Next’.
7. Enter your Tax ID and click ‘Next’.
8. Select your account currency, then choose ‘Next’.
9. Follow guidance to answer questions evaluating your trading expertise.
10. Lastly, fill in your email and password, then select ‘Create Account’.

Congratulations, you have successfully registered on Trading 212, leading you to your account dashboard.

How to Log in on Trading 212

Logging into your Trading 212 account involves these steps:

1. Visit their site and choose LOG IN.
2. Input email and password, then hit LOG IN.

Once logged in, fund your account to begin CFD trading on Trading 212.

Verification Requirements

Setting up a Trading 212 account requires providing substantial personal details such as email, phone, address, and tax ID, followed by identity verification using ID and recent bank statement or utility bill. Post-verification, funds can be deposited or withdrawn on the platform.

How to Buy or Sell CFDs with Trading 212

The next steps guide you on Trading212's platform to buy or sell CFDs. Ensure your account is funded before placing orders.

How to Deposit Funds on Trading 212

Steps to fund your account are detailed below. The initial deposit stands at a minimum of 29 USD or equivalent. Check the Platform Fees & Limits section for more about fees and restrictions.

1. Log into your account and select 'Deposit Funds'.
2. Enter account password, select 'Next Step'.
3. Choose payment method and enter the deposit value.
4. Follow the on-screen prompts to complete your deposit.

Credit/debit card funds reflect within 10-15 minutes, while bank transfers may require 2-3 business days.

1. After login, select the desired market from the left menu.
2. Select the CFD you would like to buy.
3. Hit the square+ icon to access the detailed trade interface.
4. Follow further instructions to fill out all needed details, like order type and quantity of units, then place your trade.

Once your trade is active, monitor status under OPEN POSITIONS.

Warning: CFDs are intricate instruments with a heightened risk of losing money owing to leverage. 76% of retail accounts lose money when trading CFDs with this provider. Assess your understanding and ability to bear the risk before engaging with CFDs.

How to Cash Out on Trading 212

Trading 212 advises users to withdraw funds through their initial deposit method for security. If multiple payment methods were used, expect money back to your credit/debit card. Withdrawals incur no platform fees, albeit bank transfer withdrawals might include a transfer fee.

Steps to lodge your withdrawal request are outlined below.

1. Log in and click the down arrow next to your username.
2. Click WITHDRAW FUNDS.
3. Select your original deposit method and input the withdrawal sum.
4. Continue following instructions to finalize your request.

Depending on the mode, receiving funds might take an hour to 2-3 business days, especially with wire transfers.

Supported Cryptocurrencies

Currently, Trading212 does not support cryptocurrency trading.

Supported Countries

Trading 212 welcomes members globally.

Supported

Top countries supporting Trading 212 include:

Trading 212 extends its services to nearly all nations in the EEA, including Austria, Bulgaria, Croatia, 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 the United Kingdom.

Excluded

Residents of the USA and Belgium cannot access Trading 212. This was accurate at the time of writing, so verify any updates since.