Trading212 Review 2024

Autor

Revisor

Last update: 4 months ago

Our veredict

Trading 212 emerges as a compelling option for newcomers to the cryptocurrency trading scene who are keen on exploring CFDs rather than holding the physical assets. The platform is distinctly user-friendly, enabling traders to initiate an account swiftly and engage in trading without daunting barriers, which is particularly advantageous for beginners. Additionally, the platform’s strong regulatory framework, supervised by the FCA and CySEC, ensures a level of security that can be comforting to new investors. Their offering of a variety of payment methods also adds to the convenience, making it accessible for users with different banking preferences.

However, potential users should note the limitations, such as the restricted range of cryptocurrencies available. This may deter those looking to trade a broader spectrum of digital assets. Also, the focus on CFDs means users do not own the actual cryptocurrencies, which might not align with the investment strategies of all users, especially those looking to hold cryptocurrencies long-term. Despite these drawbacks, Trading 212’s platform remains an attractive choice for users interested in dipping their toes into crypto trading without committing large capital, thanks to its provision of leveraging options and the ability to practice on a demo account without financial risk.

Pros

Cons

4,9

Threenvest Score

Fees

Low 4/5

Regulated

FCA, CySEC

With the confidence of Threenvest

Year Founded: Trading212 was established with a solid foundation in the trading industry and has steadily grown its reputation over the years, ensuring a reliable and trustworthy platform for its users.

Number of Users: With millions of users worldwide, Trading212 has built a large and active community, reflecting its credibility and user satisfaction.

Regulation: Trading212 is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), providing a strong layer of security and adherence to strict financial standards.

Customer Service: The platform offers comprehensive customer support, including a helpful community forum and various contact methods, ensuring that users can get assistance when needed.

Withdrawal and Deposit Policies: Trading212 supports a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank transfers, and e-wallets, making transactions easy and accessible for users.

Best Crypto Brokers

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About Trading212

What is Trading212?

Trading212 is an online brokerage that allows users to trade a wide range of financial instruments, including stocks, ETFs, forex, commodities, and cryptocurrencies through CFDs (Contracts for Difference). It is known for its user-friendly platform and competitive fee structure, making it accessible to both beginners and experienced traders.

Background and History

Trading212 was founded with the mission to democratize trading and make it accessible to everyone. Over the years, it has grown significantly and now serves millions of customers worldwide. The platform gained popularity for its intuitive interface and comprehensive educational resources, helping new traders learn the ropes of trading.

Founders

Trading212 was established by a team of financial and technology experts dedicated to creating a seamless and innovative trading experience. The founders have a deep understanding of both the financial markets and technological advancements, which they leveraged to develop a robust trading platform.

Fun Facts and Headlines

Trading212 was among the first platforms to offer commission-free trading on stocks and ETFs.
The platform has a vibrant community forum where traders can share insights and strategies.
Trading212 offers a free demo account, allowing users to practice trading without risking real money.
The platform supports trading on both desktop and mobile apps, providing flexibility and convenience for users on the go.

Why Choose Trading212?

Choosing Trading212 for your cryptocurrency trading needs offers several advantages, particularly for those new to the market. One of the strongest points of Trading212 is its regulation by top-tier authorities such as the FCA and CySEC. This regulation ensures a high level of security and trust, which is crucial when dealing with financial assets. Users can feel confident that their investments are protected and that the platform operates with transparency and integrity.

Another significant benefit is the platform’s user-friendly interface and ease of use. Trading212 makes it incredibly straightforward to open an account and start trading. The process is quick, fully digital, and supported by a range of payment methods including credit/debit cards, bank transfers, and e-wallets. This accessibility is ideal for beginners who may find other platforms cumbersome or overly complex. Additionally, the availability of a free demo account allows users to practice and learn without any financial risk, further enhancing the learning experience.

Trading212 also offers competitive fees, with generally low costs associated with trading. This is a major advantage for traders looking to maximize their returns without being eroded by high transaction fees. The platform supports a wide range of tradable instruments beyond cryptocurrencies, such as stocks and ETFs, allowing users to diversify their portfolios easily. Combined with a helpful community forum and robust customer support, Trading212 provides a comprehensive and supportive environment for both novice and experienced traders.

Where it falls short

One significant limitation is the restricted number of cryptocurrencies available for trading. Currently, Trading212 offers a narrower selection of digital assets compared to other platforms, which might not satisfy traders looking to explore a broader range of cryptocurrencies. To enhance its appeal, Trading212 should consider expanding its crypto offerings to include more altcoins and emerging digital assets.

Another area for improvement is the fact that users do not actually own the cryptocurrencies they trade on Trading212. As a CFD platform, Trading212 allows users to speculate on price movements rather than buying and holding the actual assets. While this can be advantageous for leveraging and short-selling, it limits the functionality for users who want to use their cryptocurrencies for transactions or transfers. Introducing options for buying and holding actual cryptocurrencies would provide more flexibility and attract a wider range of traders who seek ownership of their digital assets.

Features	Explanation
Minimum Trade	The platform allows users to start trading with as little as £1, making it highly accessible for beginners.
Trading and Transaction Fees	Trading212 offers competitive fees with no commissions on real stock trades, but CFD trading involves spreads.
Number of Cryptocurrencies	Trading212 supports a limited selection of cryptocurrencies, which might not satisfy traders looking for a wide variety of digital assets.
Crypto-to-Crypto Trading Pairs	The platform does not offer direct crypto-to-crypto trading pairs, limiting the trading options available.
Website Transparency	Trading212 provides clear and comprehensive information about its fees, services, and regulatory status, ensuring transparency for users.
Credit/Debit Card
Storage Offering	Trading212 does not provide dedicated cryptocurrency storage solutions, as it primarily deals with CFDs rather than actual cryptocurrency ownership.
Staking and Rewards	There are no staking or rewards programs available on Trading212, limiting passive income opportunities for users.
Mobile App and Desktop	Trading212 offers robust mobile and desktop applications with a user-friendly interface and advanced trading tools.
Customer Service	The platform offers good customer support through various channels, though there is room for improvement in response times.
Deposit and Withdraw	Deposits and withdrawals are straightforward and support multiple payment methods, though crypto withdrawals are not available.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert at our website, I recommend Trading212 for beginners and casual traders who are looking to explore the world of cryptocurrency trading in a secure and user-friendly environment. The platform’s ease of use, competitive fees, and strong regulatory oversight make it a reliable choice. However, if you’re an advanced trader seeking a wide variety of cryptocurrencies or specialized features like staking, you might find the platform somewhat limited. Nonetheless, Trading212 is an excellent starting point for anyone new to crypto trading.

Fees

Trading212 employs a straightforward fee structure with no commissions on most trading activities, particularly for CFD accounts. Users benefit from free deposits and withdrawals, making the platform financially accessible. However, there are fees associated with specific services. For instance, a 0.7% fee is charged on deposits exceeding €2,000 when using credit/debit cards or electronic wallets. Currency conversion carries a fee of 0.15% for Invest accounts and 0.5% for CFD accounts. Additionally, inactive accounts are charged £9, €9, or $9 after six months of inactivity .

Pros

No trading commission: Trading212 does not charge commissions on trades, making it cost-effective for frequent traders.
Transparent fee structure: The platform offers clear information on any fees, helping users to understand and anticipate their costs.
No deposit fees: Users can deposit funds without incurring additional charges, making it easy to start trading.

Cons

Product selection

Trading212 offers a comprehensive range of services and products tailored to both novice and experienced traders. One of the standout features is its commission-free trading for stocks and ETFs, allowing users to buy and sell without incurring transaction costs. This makes Trading212 an attractive option for investors looking to maximize their returns. The platform supports a diverse array of financial assets, including stocks, ETFs, forex, commodities, and cryptocurrencies, providing ample opportunities for portfolio diversification. Users can trade these assets through both CFD accounts and investment accounts, making it versatile for different trading strategies. The platform also excels in user experience, featuring a proprietary trading platform accessible via web and mobile apps. This platform is designed to be intuitive and user-friendly, catering to traders of all skill levels. Additionally, Trading212 offers educational resources, including tutorials and a demo account, to help users familiarize themselves with the platform and trading strategies. Despite the limited number of cryptocurrencies available compared to some competitors, the overall breadth of products and the ease of use make Trading212 a solid choice for those looking to trade a variety of financial instruments in one place.

Pros

Cons

Read more about product selection in Trading212

Services and Products Offered by Trading212

Leveraged Tokens: Trading212 does not currently offer leveraged tokens. These instruments allow traders to gain higher exposure to the price movements of a cryptocurrency without increasing their investment amount, which is often available on more specialized crypto exchanges.
Debit Card: Trading212 supports funding and withdrawals through debit cards, making it convenient for users to manage their accounts. This feature ensures quick and easy access to funds.
APP: Trading212 provides a robust mobile app available on both iOS and Android platforms. The app features a user-friendly interface and offers full functionality, allowing traders to manage their portfolios, execute trades, and monitor markets on the go.
Your Own Cryptocurrencies: Trading212 does not offer the ability to hold or trade actual cryptocurrencies. Instead, it allows users to trade cryptocurrency CFDs, enabling speculation on price movements without owning the underlying assets.
Financial Products: Trading212 offers a variety of financial products, including stocks, ETFs, forex, commodities, and indices. This diverse range enables traders to diversify their portfolios across different asset classes.
Launchpad: Trading212 does not have a launchpad feature for new cryptocurrency projects. This is typically found on dedicated crypto exchanges.
EARN: Trading212 does not offer specific earning programs like interest accounts or yield farming typically available on crypto-focused platforms.
Staking and Rewards: Staking and rewards programs are not available on Trading212. These features, common in other crypto platforms, allow users to earn rewards by holding certain cryptocurrencies.
Loans: The platform does not offer loan services against cryptocurrency holdings. Such financial products are generally available on more specialized financial and crypto platforms.
Liquid Swap: Trading212 does not provide liquidity swap services, which are often found on decentralized finance (DeFi) platforms.
Promotions: Trading212 occasionally offers promotions and incentives to new users, such as referral bonuses or limited-time offers, which can be beneficial for new traders.
Referral Codes: The platform has a referral program where users can earn bonuses for referring new clients. This feature helps users benefit by inviting friends and family to join the platform.
Tournaments: Trading212 does not host trading tournaments. This feature is more common on competitive trading platforms.
Leverage: Trading212 allows the use of leverage for trading CFDs. This feature enables traders to control larger positions with a smaller amount of capital, amplifying both potential profits and losses.
Demo Account: A significant advantage of Trading212 is its free demo account, which allows users to practice trading with virtual funds. This is ideal for beginners to get comfortable with the platform and develop their trading strategies without any financial risk.
Futures: Trading212 does not offer futures trading. The platform focuses on CFDs for various asset classes.
Wallet: Since Trading212 only offers CFD trading, it does not provide a cryptocurrency wallet for storing actual digital assets. Users interested in holding cryptocurrencies will need to look elsewhere.
Derivatives: Trading212 specializes in derivatives trading through CFDs, covering a wide range of markets including cryptocurrencies, stocks, forex, commodities, and indices.
Research and Education: The platform excels in providing educational resources and research tools. It offers tutorials, webinars, and a demo account to help users learn and improve their trading skills. The educational content is designed to be accessible for beginners, making it easier to understand the complexities of trading.
API: Trading212 does not offer an API for automated trading. This feature is more common on platforms geared towards advanced traders and developers.
Trading View: The platform integrates various charting tools and indicators to aid technical analysis, but it does not directly integrate with TradingView. Users have access to comprehensive charting tools within the Trading212 platform itself.
Earn Opportunities: Trading212 does not provide specific earning opportunities like staking or yield farming, which are popular on dedicated cryptocurrency exchanges.
Yielding Pools: There are no yielding pools available on Trading212, as the platform focuses on CFD trading rather than DeFi services.
Bonus Deals: Trading212 offers promotional bonuses and referral incentives to attract new users and reward existing ones. These deals vary and are often time-limited, providing additional value to users who actively participate in the platform’s growth.

In summary, Trading212 offers a wide range of trading services and products, particularly excelling in its user-friendly interface, diverse asset classes, and educational resources. However, it lacks certain crypto-specific features like actual cryptocurrency holdings, staking, and more advanced financial products found on specialized crypto platforms.

Account opening

Opening an account with Trading212 is a straightforward and efficient process that can be completed entirely online. The process begins by visiting the Trading212 website or downloading the mobile app and selecting the “Open Account” option. Users are then prompted to enter their country of residence, which determines the specific regulatory branch they will be registered under. Following this, users need to choose between an investment account or a CFD trading account. After entering basic personal information, such as email and password, users will receive an email to verify their account. Once the initial setup is complete, users must verify their identity and address. This involves uploading a photo of an official ID (passport, driving license, or national ID card) and a recent utility bill or bank statement to confirm their address. After the verification process, users can deposit funds into their account using various methods including bank transfers, credit/debit cards, and e-wallets like PayPal and Skrill. The minimum deposit is low, making it accessible for most users. With the account funded, users can immediately begin trading a wide range of financial instruments offered by Trading212.

Pros

Easy and Fast: The account opening process is quick and straightforward, allowing users to start trading within a day.
Fully Digital: The entire process is online, making it convenient for users to complete the registration from anywhere.
Low Minimum Deposit: With a minimum deposit as low as 1 EUR/USD/GBP, it is highly accessible for beginners.

Cons

Read more about account opening in Trading212

Detailed Account Opening Process for Trading212

How to Sign Up on Trading212:

Visit the Website: Go to the Trading212 website and click on the “Open an Account” button.
Enter Your Country of Residence: Specify your country of residence to determine the applicable regulatory body.
Select Account Type: Choose whether to create an investment account (for stocks and ETFs) or a CFD trading account.
Provide Personal Information: Enter your email address and create a password. Provide basic personal details such as your name, date of birth, and address.
Verify Email: Check your inbox for an activation email from Trading212 and click on the link to verify your email address.

Opening an Account:

Complete Registration: Log in to your newly created account and continue with the registration process. Add further personal information as required, such as employment status and financial details.
Add Tax Information: Provide your tax residency details, including the country where you pay taxes and your tax identification number.
Select Account Currency: Choose the base currency for your account (e.g., EUR, USD, GBP).
Answer Financial Questions: Complete a questionnaire about your financial status and trading experience. This helps Trading212 assess your suitability for different types of trading.
Accept Terms and Conditions: Read and agree to Trading212’s terms and conditions to proceed.

Verification (KYC Process):

Upload Identification Documents: Submit a photo or scanned copy of your passport, driving license, or national ID card.
Proof of Address: Upload a recent utility bill, bank statement, or another document that clearly shows your address.
Verification Time: The verification process typically takes about one business day. Once verified, you will be notified via email and can start trading immediately.

How to Buy Your First Cryptocurrency:

Deposit Funds: Fund your account using available methods such as credit/debit cards, bank transfers, or e-wallets like PayPal, Apple Pay, and Google Pay.
Navigate the Platform: Use the Trading212 desktop or mobile app to search for the cryptocurrency you wish to trade.
Place an Order: Select the cryptocurrency, enter the amount you want to buy, and execute the trade. Note that you will be trading cryptocurrency CFDs, meaning you are speculating on the price movement rather than owning the actual asset.

Account Types:

CFD Account: For trading a variety of financial instruments, including cryptocurrencies, forex, commodities, and indices through CFDs.
Invest Account: Offers commission-free trading on stocks and ETFs.
ISA Account: Available to UK residents, allowing tax-free investments in stocks and ETFs under the Individual Savings Account (ISA) scheme.

How to Use Trading212:

Platform Navigation: The platform is intuitive and user-friendly, providing various tools and features for effective trading.
Demo Account: New users can practice trading with a demo account to get familiar with the platform without any financial risk.
Educational Resources: Trading212 offers tutorials, webinars, and other educational materials to help users improve their trading knowledge and skills.

How to Deposit Money: Refer to the deposit and withdrawal section for detailed instructions on how to fund your account using various payment methods. Registration and KYC:

KYC (Know Your Customer): Trading212 adheres to strict regulatory standards, requiring users to complete the KYC process by submitting identification documents and proof of address.
Security: The platform employs secure protocols to ensure the safety of your information and complies with regulatory requirements to protect your investments.

Trading212’s account opening process is designed to be quick and user-friendly, with a strong emphasis on security and regulatory compliance. This makes it an attractive option for both new and experienced traders.

Security

Trading212 takes the security of its users’ funds and data very seriously, implementing multiple layers of protection to ensure a safe trading environment. The platform is regulated by top-tier financial authorities such as the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), which ensures compliance with stringent regulatory standards. This regulatory oversight provides a level of assurance to users regarding the safety and integrity of the platform. In terms of security features, Trading212 employs industry-standard encryption to protect users’ personal and financial information. The platform also offers negative balance protection, ensuring that users cannot lose more money than they have deposited. This is particularly important for those trading with leverage, as it prevents the risk of falling into debt due to market volatility. Additionally, Trading212 keeps client funds in segregated accounts, separate from the company’s own funds, which adds an extra layer of security and ensures that user funds are protected in the unlikely event of the company’s insolvency.

Pros

Cons

Security Section of Trading212

Is Trading212 Legit?

Yes, Trading212 is a legitimate and well-regulated platform. It is regulated by the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Bulgarian Financial Supervision Commission (FSC). These regulatory bodies ensure that Trading212 adheres to strict financial standards and practices, providing a high level of security and trust for users .

Regulation Trading212 operates under multiple regulatory authorities:

FCA (Financial Conduct Authority, UK): This top-tier regulator ensures stringent oversight and investor protection up to £85,000 through the Financial Services Compensation Scheme (FSCS).
CySEC (Cyprus Securities and Exchange Commission): Provides coverage up to €20,000 under the Investor Compensation Fund.
FSC (Bulgarian Financial Supervision Commission): Offers additional regulatory oversight for users outside the UK and EEA .

Is Trading212 Safe?

Yes, Trading212 is considered safe due to its regulatory compliance and protective measures. The platform offers negative balance protection, ensuring that users cannot lose more than their account balance. This feature is crucial for traders using leverage, as it mitigates the risk of incurring substantial losses .

Security Methods

Negative Balance Protection: Ensures users do not owe more than their deposited funds, protecting them from significant losses.
Account Protection: Trading212 segregates client funds from company funds, ensuring that user deposits are kept separate and secure.
Encryption: The platform employs advanced encryption technologies to protect user data and transactions.
KYC and AML Compliance: Trading212 adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to ensure secure and legitimate trading activities.

History and Reliability

Trading212 was founded in Sofia, Bulgaria, in 2004 and expanded to the UK in 2013. Over the years, it has built a reputation for reliability and safety, successfully navigating through various financial challenges and maintaining strong regulatory compliance. Its long track record and robust regulatory framework are indicative of its commitment to providing a secure trading environment .

Conclusion

Trading212 is a secure and regulated platform suitable for both novice and experienced traders. It offers comprehensive security measures, including negative balance protection and strict regulatory oversight by top-tier authorities. These factors contribute to its reputation as a trustworthy and reliable trading platform.

Customer service

Trading212 offers a solid customer service experience, providing multiple channels for users to seek assistance. Users can contact the support team via live chat, phone, and email, ensuring that help is accessible whenever needed. The live chat function is particularly useful for quick queries and immediate assistance, with responses typically provided within minutes. Email support is also reliable, with responses generally received within 24 hours. Phone support is available for more complex issues, although wait times can vary depending on call volume. In terms of customer satisfaction, Trading212 generally receives positive reviews from users. The platform’s ease of use, comprehensive educational resources, and commission-free trading structure are frequently highlighted as major strengths. Users appreciate the intuitive design of both the web and mobile platforms, which make it easy to navigate and execute trades. Additionally, the demo account is a valuable tool for new traders to practice and build confidence before committing real funds. However, there are areas for improvement. Some users have reported issues with the speed of customer service responses during peak times, and there are occasional complaints about the clarity of communication from support staff. Despite these minor drawbacks, the overall customer satisfaction with Trading212 remains high, particularly due to its user-friendly interface and the breadth of trading options available. This positive sentiment is reinforced by the active community forum, where users can share experiences, ask questions, and provide feedback, further enhancing the overall support ecosystem provided by Trading212.

Pros

Cons

Read more about customer service in Trading212

Customer Service and Support at Trading212

Trading212 offers a robust customer service experience, designed to assist both novice and experienced traders efficiently. The customer support team is accessible through various channels, ensuring that users can get help whenever needed.

Available Customer Service Channels:

Live Chat: Trading212 provides a responsive live chat service that typically answers within a minute. This is particularly useful for immediate assistance with urgent queries.
Email: Email support is available and usually responds within a day, providing detailed and clear answers to user questions.
Community Forum: The platform also hosts a helpful community forum where users can share insights and get advice from other traders.

Response Speed and Quality:

Live Chat: Known for its quick response times and helpful, detailed answers. Users generally receive a reply within a minute, making it a reliable option for real-time support.
Email: While slightly slower, email support is thorough and provides comprehensive responses, typically within 24 hours.

Overall Service Quality:

Trading212’s customer service is available 24/7, which is a significant advantage for users needing support outside regular business hours. The quality of support is consistently high, with clear and relevant responses provided through both live chat and email. However, some areas could still benefit from improvements, particularly in expanding support channels and enhancing response times during peak periods.

In conclusion, Trading212’s customer service is robust and user-focused, providing timely and detailed assistance through multiple channels. This makes it a reliable choice for traders who value efficient and accessible support.

Is Trading212 Right for You?

Cost-Conscious Investors: If you’re looking to maximize your returns without incurring high transaction costs, Trading212 is an excellent choice. The platform offers commission-free trading on stocks and ETFs, allowing you to trade without worrying about fees eating into your profits. This is particularly beneficial for frequent traders and those with smaller portfolios.
Beginner-Friendly Platform: Trading212’s user-friendly interface, comprehensive educational resources, and demo account make it an ideal platform for beginners. The intuitive design of both the web and mobile apps, along with detailed tutorials and practice opportunities, helps new traders learn the ropes and build confidence before investing real money.
Diverse Asset Traders: If you are looking for a platform that offers a wide range of financial instruments, Trading212 provides ample opportunities for diversification. With access to stocks, ETFs, forex, commodities, and cryptocurrencies, you can build a well-rounded portfolio and take advantage of various market opportunities. However, if your primary interest is trading a vast selection of cryptocurrencies, you might find the available options on Trading212 somewhat limited compared to specialized crypto exchanges.

Threenvest score

4,9

Fees

Low 4/5

Regulated

FCA, CySEC

Available cryptocurrencies

15 (CFDs)

On the crypto broker website

Threenvest score

4,9

Fees

Low 4,7/5

Regulated

SEC, FINRA

Available cryptocurrencies

11 (BTC, ETH…) (CFDs)

XTB

Threenvest score

4,8

Fees

Regulated

FCA, KNF

Available cryptocurrencies

9 (CFDs)

Available cryptocurrencies and countries available

Trading212 offers a selection of 15 cryptocurrencies for trading, including popular options like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). While this range covers many of the major cryptocurrencies, it is relatively limited compared to other platforms. Notable absentees from the list include emerging cryptocurrencies like Cardano (ADA) and Polkadot (DOT), which are not available for trading on Trading212.
In terms of geographic availability, Trading212 is accessible to users in many countries, including major markets in Europe, such as the United Kingdom, Germany, and France, as well as regions like Australia and New Zealand. However, it is important to note that residents of the United States and Canada cannot open accounts with Trading212 due to regulatory restrictions. Additionally, the platform is not available in countries like Japan and China, where local regulations impose strict controls on financial services and cryptocurrency trading.

Main cryptocurrencies available

Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Ripple (XRP)
Bitcoin Cash (BCH)
EOS (EOS)
Stellar (XLM)
Cardano (ADA)
Uniswap (UNI)
Algorand (ALGO)
Chainlink (LINK)
Dogecoin (DOGE)
Shiba Inu (SHIB)
Solana (SOL)
TRON (TRX)
VeChain (VET)

Main countries where you can open an account

United Kingdom
Germany
France
Spain
Italy
Netherlands
Australia
New Zealand
Switzerland
Belgium

FAQs

What cryptocurrencies can I trade on Trading212?

Trading212 offers a selection of around 16 cryptocurrencies, including major ones like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). The platform also supports cryptocurrencies like Chainlink (LINK), Stellar (XLM), and Dogecoin (DOGE).

Is Trading212 available in my country?

Trading212 is accessible in many countries, including the United Kingdom, Germany, and Australia. However, it is not available to residents of the United States, Canada, Japan, China, and a few other countries due to regulatory restrictions.

Is Trading212 safe and regulated?

Trading212 is regulated by top-tier financial authorities such as the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The platform uses industry-standard encryption to protect user data and offers negative balance protection.

How do I open an account with Trading212?

Opening an account with Trading212 is easy and fully digital. Simply visit their website or download the mobile app, enter your basic personal information, verify your identity and address, and fund your account. The process usually takes just a few minutes.

Are there any fees for depositing or withdrawing funds?

Trading212 does not charge fees for most deposit methods, although credit/debit card and e-wallet deposits may incur a 0.7% fee. Bank transfer withdrawals come with a €5 fee. Most other withdrawal methods are free of charge.

What are the main advantages of using Trading212?

Trading212 provides commission-free trading on stocks and ETFs, a user-friendly platform, and a wide range of financial instruments. It also offers educational resources and a demo account to help new traders learn the ropes. However, the selection of cryptocurrencies is more limited compared to some other platforms.

What types of trading accounts does Trading212 offer?

Trading212 offers both CFD and investment accounts. CFD accounts allow for trading with leverage on various financial instruments, while investment accounts focus on commission-free trading of stocks and ETFs.

Final opinion on Trading212

Trading212 stands out as a versatile and accessible platform for traders and investors looking to diversify their portfolios with a variety of financial instruments, including cryptocurrencies. Its commission-free trading on stocks and ETFs is a significant advantage, particularly for cost-conscious traders. The platform’s intuitive interface, available on both web and mobile, makes it easy for users of all experience levels to navigate and execute trades. Additionally, the availability of a demo account and comprehensive educational resources makes Trading212 a great starting point for beginners. However, the limited selection of cryptocurrencies may be a drawback for those specifically interested in a wide range of digital assets, as other exchanges offer more extensive crypto options.

In comparison to other exchanges, Trading212 excels in its user-friendly design and low-cost trading environment. While platforms like Binance and Coinbase might offer a broader array of cryptocurrencies and more advanced trading features, Trading212 provides a more straightforward and cost-effective solution for everyday investors. The regulatory oversight by top-tier financial authorities such as the FCA and CySEC adds a layer of trust and security, which is crucial for users. However, Trading212’s restrictions in certain countries, including the US and Canada, limit its global reach. Overall, Trading212 is a solid choice for traders looking to engage in a variety of financial markets with the ease of a user-friendly platform. At Threenvest, we recommend Trading212 for its robust offering and reliable service, though we encourage users to consider their specific needs and compare with other exchanges based on the available cryptocurrency selection and regional availability.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.