Trading212.com Review Is Trading 212 A legit Forex Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Trading 212 Review

Trading212 is one of the most famous brokers in the world in 2020. It is known for offering CFD services (Contract for Difference) on the most commonly traded assets like Forex, commodities, indexes and stock market shares. Although, we consider Trading 212 to be a good broker, if you are not yet using their services, we think that it might be a good idea for you to take a closer look at Plus500 which does not charge comissions – click this link to go there . The reason we think that it is worth knowing Plus500 is that it is one of the leading CFDs provider at the moment. If you would like to learn more about Plus500, we invite you to visit their official website by clicking the button below (76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money).

In this review of Trading212 we will do a complete analysis of the elements that we consider investors should keep in mind. Before using an online broker’s services, traders should collect the most possible information about it, and we will be looking at some of this information starting with safety. After we have done that, we will take a closer look at the fees charged by Trading212 . We will also see what the alternatives to this broker are. To end this article, we will make a summary of our opinions concerning this online broker.

Tabla de contenidos

Regulation and Safety: Is Trading 212 a scam?

The first thing you need to know is that Trading212 is the trademark of two companies named Avus Capital Uk Ltd. and Avus Capital Ltd. Being the property of another company is not something unique to Trading212, this is something which occurs with almost all online brokers. The great majority are property of other companies which are the ones registered with the supervisory and regulatory bodies. Now that we have established this information, we can take a closer look at how this broker is regulated. This regulation and oversight is what will tell us if Trading212 is to be trusted or not.

The parent companies of Trading212 are authorized and overseen by the FCA, which is one of the most well-known and reliable regulatory bodies in the world. No wonder, since it is the main regulatory body of the United Kingdom. While it is not impossible for a regulator to be fooled by a scam, the regulators at the FCA are among the best in the world. Also, being a broker from Bulgaria, it is registered with the Bulgarian Commission.

To all this we can add the fact that it complies with European regulations, because it has, among other things, insured accounts to augment the safety of its investors’ funds. With this insurance, the funds deposited by traders are not in the hands of the directors of the company. In the past, there have been cases of brokers who would use the money of their clients to offset their payments, but with this type of regulation, safety is greatly increased.

To close this section on safety, we should say that it is impossible to say for sure if a broker is totally safe, but we can say for certain that Trading212 has fulfilled all the safety requirements which can be expected of it in 2020.

As you undoubtedly know, trading has a cost. No broker allows investing for free, since on top of their need to cover operational costs, their intention is also to make a profit. Since trading costs money, if you would like to save yours, you should seek out an online broker which allows you to trade as cheaply as possible.

Luckily, in this day and age, very few brokers charge commissions for investing and Trading212 is not one of these. Previously, when you wanted to buy shares you would be charged a commission; when you were paid your dividends, you would be charged again, and when you sold your shares you would pay yet another commission. With products such as CFDs this practice has changed, and now you can trade with commodities such as oil or currencies on the Forex market without paying these types of commissions. However, Trading212 has a slight downside, to trade CFDs on stock shares you do still need to pay a small commission. You also have to pay fees which the broker receives in the form of spreads.

You will also have to pay a small commission when depositing money into your Trading212 account. This commission is between 0.7% and 3.5% depending on your chosen payment method.

With so many online brokers in existence in 2020, and with the help of technology, which not only reduces operational costs, but also allows companies to have clients from all around the world, the need to pay in order to invest seems to us like something from a bygone age. For this reason, although the commissions and fees charged by Trading212 are not high, they are higher than those of their competitors. We would like to reiterate that Plus500 does not charge any commissions for depositing funds or for trading, and their spreads are low. That having been said, if you would like to read more about their conditions, click here (76,4% of retail CFD accounts lose money).

Trading Platform

Surprisingly, Trading212’s trading platform is not MetaTrader 4, but rather a proprietary one. This is not to say that a proprietary platform is a bad thing, it may even be a positive thing if the platform is of good quality, but it is clear that the majority of CFD providers use the MetaTrader 4 platform.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

The platform allows investing from literally anywhere in the world, since it can be accessed from a computer, but also from any smartphone with an iOs or Android operating system. Moreover, it offers trading signals and has advanced graphics which allow the user to perform technical analysis. It is even possible to place a trade from the graphics themselves – it resembles ninja trader in this respect. You are also able to perform several operations on the same trading pair, investing at both high and low points. This type of operation is known as scalping. It goes without saying that leverage is allowed, the level allowed does however vary with the asset being traded.

Recently, they have released traderbird, which is a social network created in order for investors to participate in, and to copy the trades of other investors. It is also possible to do the opposite, meaning that if you are making many successful trades, people may start copying you. And now that it has been integrated with the broker’s platform, it may be an interesting feature for those people interested in social trading.

We can summarize this point by saying that the Trading212 platform is very easy to use. It offers all the services which a broker is required to and with a good degree of quality. The trading tools available are those that are necessary and the platform provides all the graphical trading signals investors might require.

Before concluding section on the trading platform, we are required to mention its famous demo accounts. Trading212 is known for offering 10 000 euros to its clients to try investing with. Obviously this is a simulator, and all the money is virtual.

Opinions

On the internet, it is possible to find all types of opinions. From people who had horrible experiences – with some people even saying that Trading212 is a scam – to people who have been delighted with the platform’s performance, praising all its aspects. In our opinion it is neither as bad or as good as is being claimed.

Our opinion of the platform is good. What’s more, we feel that the regulation to which this broker is subject is adequate. We also have a good opinion of something which we have not yet talked much about. The demo account offered by Trading212 is of good quality and you can use it for as long as you like.

Among the things that we have a bad opinion of, are the costs for investors. We don’t think it is a good idea to charge traders for investing funds, and we have found comments to this effect on various forum pages and reviews. Another point about which there have been many negative comments is the welcome bonus, or rather lack thereof. Trading212 has no welcome bonus and to receive one you will need to seek out an alternative online broker.

Review Summary

Surely reading this entire review has taken you some minutes to do. When doing an in-depth analysis, there are many aspects to take into account. For this reason, you may still be a little confused, and we would like to offer you a list of all the most salient positive and negative aspects of Trading212, to hopefully clarify things a little bit. At the end of this review is a link for the broker we spoke about earlier, one which we feel is worth getting to know.

Strengths

  • Famous for its demo account
  • Maximum reliability
  • Sophisticated trading platform
  • Great selection of trading tools
  • Social trading through traderbird

Weaknesses

  • High trading fees
  • The CDFs for stock shares have commissions

It has come time to end this review, and although we have given our opinion of Trading212 all throughout this article, we think that it would be a good idea to summarize it again in a few words. Although Trading212 is a very good broker for investing in the Forex market, trading CFDs, stock shares and commodities, Plus500 is one of the leading platforms (76,4% of retail CFD accounts lose money).

Trading212.com Review: Is Trading 212 A legit Forex Broker?

Trading 212 Review: this is the name of a Forex broker that claims to be located in the United
kingdom. Is Trading212.com a scam Forex broker or a legit one? To find out if this a scam or legit broker, make sure you read this review.

We begin all our reviews by tracing the location provided by the company to find out if it is properly licensed and registered there. Trading 212 mentions that it is based in the United Kingdom and is licensed there by the FCA. We checked this and it was confirmed.

HAVE YOU BEEN SCAMMED? If you have lost your money to online scammers, there is an opportunity you could get back your money.

Click HERE to start the recovery process

The Trading 212 company is properly licensed by the Financial Conduct Authority (FCa0. This is the body that is in charge of Forex trading in the UK and all legit brokers are to be regulated by them. As a regulated broker, they are under some rules that must be obeyed.

Advantages of Trading 212

To guarantee that traders make profit, the broker mentions that it charges no commission and tight spreads. Trading instruments are impressive and cover all the major assets. There is negative balance protection as well and training videos as well as seminars.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Trading 212 Trading Platform

The trading platform that is offered by the Forex broker seems to be a web-based one. This is not encouraging as traders are advised to look out for MT4 or MT5. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are 165+ currencies, 10+ cryptocurrencies, and CFDs on 1600+ commodities including gold, silver and stocks. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverage offered to clients is 1:30 and while this may not seem generous, it is advisable. High leverages can lead to huge loss of funds as well. Spreads are about 0 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Trading 212

In order to make payments or withdrawals with this brokers, clients should use: Bank wire, VISA, MasterCard, Bancontact, CASHU, Dotpay, Giropay, SafetyPay, Skrill, and UnionPay. We find it encouraging that e-wallet transactions are allowed.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $100 and this is within the obtainable average of $100 – $250 among brokers. Withdrawal fees are not disclosed and we prefer the broker to mention if they apply or not.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Trading 212 Licensed?

Yes. Trading 212 is a properly licensed and duly registered Forex broker in the United Kingdom under the commission of the FCA. This is an important aspect of our reviews and it is encouraging to find this.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

In order to speak to a customer care agent or to contact the broker, dial: +44 20 3769 9897 or email: [email protected]

Conclusion

As a registered broker, we recommend that traders should consider this Forex broker as an option for investment. The trading instruments are impressive and the spreads are safe. Minimum deposit required for trading with Trading 212 is affordable but we do not find the trading platform offered encouraging.

If there is anything you would like to add to this review, you should make use of the comments section.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

Is Trading 212 Legit

Is Trading 212 Legit broker explained by professional forex trading experts, All you need to know about Is Trading 212 a Legal broker or no, For more information about Trading 212 Broker you can also visit Trading 212 review by ForexSQ.com forex trading website, The TopForexBrokers.com ratings forex brokers, or Fxstay.com currency trading investing company and get all information you need to know about the Trading 212 Forex Broker.

Is Trading 212 Legit broker?

The short answer is Yes, The Trading 212 is Legit for online trading as its regulated by FCA in UK and CYSEC in Cyprus, However according to “ForexSQ” forex trading experts even you find a legit forex broker then invest the amount you can afford to lose it because leveraged trading contains risk of losing all of your capital.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker!
    Perfect Choice For Beginners and Middle-Level Traders!
    Free Demo Account! Free Education!

  • Binomo
    Binomo

    Honest broker!

Like this post? Please share to your friends:
Binary Options Trading Step By Step
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: