Trading 212 Review

Trading 212 is a mobile application for trading on stocks and currenciesforex pairs. However, despite its well-designed platform It's lack of advanced trading tools and flat research offerings do not put Trading 212 as a top trading company.

Trading 212 pros & cons

Pros

• Trading 212 is an easy to use mobile app.

• A large numberof symbols( 1,785).

• Supports several exotic FX pairs, including 16 against the Bulgarian lev.

• Offers insurance over EUR 1,000,000 in excess of EUR 20,000 from Cypriot regulator.

Cons

• Besides the economic calendar events, no other news headlines are offered in mobile app.

• There is somet data, but research in the web platform is limited .

• Despite a large number of videos, Trading 212 has few written articles for education.

• MetaTrader 4 or 5 is not available.

Commissions and fees

Trading 212 offers two accounts: Invest for trading stocks, and CFD for trading CFDs. The minimum deposit for the Invest account is 1 euro, while the CFD account requires a 10 euro deposit. This review focuses on the CFD account.

In Trading 212 you will need to pay a spread when trading CFDs and forex. In Trading 212 we were not able to understand the average spread cost, which would help to clarify its pricing for forex pairs such as the EUR/USD. This omission of average spread data puts it at a disadvantage, as I’ve come to expect this information from the forex brokers.