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TRADING 212 Account Types

TRADING 212 Account Types

 

 

Trading 212 Broker Review

Overall Rating

4.7/5

Rated #266 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

TRADING 212 provides three different account types e.g., CFD Account, Invest Account, and ISA Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.

Finding a reputable list about TRADING 212 account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

TRADING 212 Overview

Trading 212 is a trading name of Trading 212 UK Ltd. and Trading 212 Ltd.

Trading 212 started in Bulgaria in 2006 as a company called Avus Capital, before being incorporated in the UK in 2013. The company is now regulated by both the Financial Services Commission in Bulgaria, and the FCA in the UK.

Trading 212 UK Ltd. is registered in England and Wales (Register number 8590005), with a registered address 43-45 Dorset Street, London, W1U 7NA. Trading 212 UK Ltd. is authorized and regulated by the UK Financial Conduct Authority (Register number 609146).

Trading 212 Ltd. is registered in Bulgaria (Register number 201659500). Trading 212 Ltd. is authorized and regulated by the Financial Supervision Commission (Register number RG-03-0237).

Trading 212 now has its headquarters in London, United Kingdom. The company offers access to the financial markets with free, smart, and easy-to-use apps.

Trading 212 is known for its zero-commission stock trading service in the UK and Europe, allowing access to the stock market for millions of traders. Investors with Trading 212 can trade assets like equities, currencies, commodities, stocks, indices, and cryptocurrencies.

Although its headquarters are in the United Kingdom, Trading 212 operates in numerous other countries like Argentina, Chile, Mexico, China, Russia, Italy, Poland, Spain, Germany, and more.

Trading 212 claims to use the best available technology to speed up the placing and execution of orders with proper connection to the most significant liquidity providers.

The broker provides ample educational features that will benefit both beginners and experienced traders. Trading 212 offers fair customer support and easy withdrawal of funds, making it a viable option for would-be investors.

 

TRADING 212 Account Types

TRADING 212 offers three different account types – Trading 212 Invest, Trading 212 CFD, and Trading 212 ISA but no option for an Islamic Account.

The different accounts are based on what clients want to trade and availability varies by geographic location. Individual traders may qualify for certain bonuses, but traders need to contact support in order to get the details of any bonus which may be applicable to them.

The fees, charges, and leverage are the same for all users. All trades are commission-free, and it is easy to switch between ‘demo’ and real mode with the difference being a choice to fund your account.

Trading212 does offer ‘professional’ accounts that allow regulated users to access higher levels of leverage in exchange for waiving regulatory protection. Traders can apply for it when they open an account, providing they meet certain criteria regarding trading experience, trade frequency, and capital.

 

TRADING 212 Account Features

 

Trading 212 Invest

Trading 212 Invest offers traders to invest and trade in real equities where short-selling is not available.

 

Trading 212 CFD

Trading 212 CFD is where most traders are expected to implement their trades. All international clients will trade in the Trading 212 CFD account.

 

Trading 212 ISA.

Trading 212 ISA offers to take full advantage of tax-free trading up to a certain amount, but this type of account is only available to UK traders.

The minimum deposit required to open an account is $100.

 

Islamic Account

TRADING 212 does not offer Muslim traders who follow Sharia law the option of an Islamic Account.

 

TRADING 212 Demo Account

TRADING 212 offers traders the option of opening a Demo Account which can be utilized in various ways, including, but not limited to the following:

  • A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
  • Traders who are evaluating and comparing brokers who would like to explore TRADING 212’s trading conditions in a risk-free environment, and
  • Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.

 

Trading 212 Broker Review

Overall Rating

4.7/5

Rated #266 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

FCA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The Islamic Account

The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

TRADING 212 does not offer an Islamic Account to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on an Islamic account that differ vastly from the individual account such as minimum deposit, spreads, and more.

Traders who are interested in registering for an Islamic account are advised to seek advice regarding other broker companies that may offer such an opportunity.

 

Pros and Cons

✔️ PROS ❌ CONS
Demo accounts available Inactivity fee charged
Minimum deposit from $100 Doesn’t allow scalping
Regulated by the FCA and the FSC Does not allow EA software
Zero commission charged Limited research selection
Ideal for beginners and experienced traders No Islamic or swap-free account offered
Minimum deposit from just $10

 

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TRADING 212 at a Glance

Broker’s name TRADING 212
Headquarters London, United Kingdom
Year founded 2013
Regulating authorities FCA, FSC
Countries not accepted for trade United States, Canada
Demo account Yes
Islamic account (swap-free) No
Institutional accounts No
Managed accounts No
Maximum leverage 1:300 available to professional clients only.
Minimum deposit €/£/$100
Deposit options Bank transfers, credit and debit card payments, Skrill, Dotpay, Giropay, Carte Bleue, and Direct eBanking.
Withdrawal options bank transfers, credit and debit card payments, Skrill, Dotpay, Giropay, Carte Bleue, and Direct eBanking.
Platform(s) provided Proprietary platform, Web-based
OS compatibility Web, Windows, iOS, and Android
Tradable assets offered ETFs, CFDs, Commodities, Metals, Stocks, Oil, Gold, Indices
Languages supported on the website Several languages including English, German, French, Russian, Dutch, Italian, Spanish, Polish, Russian, Romanic, Chinese, Arabic
Customer support languages 16 languages including English, German, French, Russian, Dutch, Italian, Spanish, Polish, Russian, Romanic, Chinese, Arabic
Customer service hours 24 hours per day, seven days per week

 

FAQ’s

 

Trading Environment

 

How many instruments can I trade with TRADING 212?

You can trade several different instruments with TRADING 212, which include the following:

  • ETFs
  • CFDs
  • Commodities
  • Metals
  • Stocks
  • Oil
  • Gold
  • Indices

 

Which platforms are supported by TRADING 212?

TRADING 212 provides its own proprietary trading platform and a web-based version.

 

Does TRADING 212 offer leverage?

Yes, TRADING 212 offers maximum leverage of up to 1: 300

 

What spreads can I expect with TRADING 212?

TRADING 212 offers relatively tight spreads, for example for CFDs the GBPUSD spread is 2 pips and for Forex the GBPUSD Spread is also 2 pips.

 

Does TRADING 212 charge commission?

No, TRADING 212 does not charge commission.

 

Is TRADING 212 regulated and by whom?

TRADING 212 is regulated by UK’s Financial Conduct Authority (FCA) and Bulgaria’s Financial Supervision Commission (FSC).

 

Are there additional charges on the Islamic account?

TRADING 212 does not offer the option of an Islamic Account. This type of account has no overnight costs or rolling interest. A truly swap-free account does not use alternative fees in place of swaps, but most brokers apply an administration fee.

 

Is TRADING 212 a recommended forex trading broker for experts and beginners?

TRADING 212 offers a good trading environment for both beginners and experienced traders.

 

What is the overall rating out of 10 for TRADING 212?

7/10

 

Accounts

 

What is the difference between a demo and a live trading account?

A demo account as is offered by broker companies like TRADING 212 is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.

 

Does TRADING 212 offer a demo account?

Yes.

 

Can I convert my demo account to a live trading account with TRADING 212?

The demo account can be used next to a live trading account to practice new strategies.

 

Which live trading accounts does TRADING 212 offer?

  • CFD account
  • Invest account
  • ISA account.

 

Does TRADING 212 offer an Islamic Account?

No.

 

What are the available deposit currencies for a live trading account?

Trading 212 supports the following account base currencies: GBP, EUR, USD, RON, PLN, CHF, NOK, SEK, CZK, but only 2 or 3 account base currencies are available in each country – usually the local currency plus USD. For example, only GBP, EUR, and USD are available in the United Kingdom.

 

Deposits and Withdrawals

 

What is the minimum deposit required to open an account with TRADING 212?

$ 100

 

How do you make a deposit and withdraw money with TRADING 212?

TRADING 212 offers the following deposit and withdrawal methods:

  • Bank transfers
  • Credit and debit card payments
  • Skrill
  • Dotpay
  • Giropay
  • Carte Bleue
  • Direct eBanking

 

Does TRADING 212 charge withdrawal fees?

There are not internal withdrawal fees charged by this broker, but clients must consider third-party processor charges, which vary across the different support options.

 

How long does it take to make a withdrawal?

Money should be processed and available in your account within 2-3 business days from the request.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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