Trading 212 Review
Trading 212 is one of the disruptors in the global and U.K. stock trading world, offering low-cost trading without lots of bells and whistles. Their online tools, research and education offerings are basic at best, and the scope of investments is certainly limited. But the mobile app and overall experience are very user-friendly and simple, and alongside the “zero” trading cost (there are other fees), Trading 212 may be an attractive option for the beginner trader.
- Minimum Deposit: $1.00
- ISA: Yes
- SIPP: No
Trading212 pros & cons
Pros:
- Zero commission on all trades.
- User-friendly and simplified platform and mobile trading app.
- Fractional shares are available to trade and invest in.
Cons:
- No fees on first £2,000 deposited — but a 0.70% fee is charged for deposits above £2,000. This would mean a £196 deposit fee for a £30,000 account.
- Educational content is average, although there are some decent videos.
- Research is even more limited, to the extent of being nearly nonexistent.
- Over 10,000 global stocks and ETFs are available to trade, but there are no funds, investment trusts or government bonds on offer.
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About the Editor
Carolyn Kimball is managing editor for Reink Media and the lead editor for the StockBrokers.com Annual Review. Carolyn has more than 20 years of writing and editing experience at major media outlets including NerdWallet, the Los Angeles Times and the San Jose Mercury News. She specializes in coverage of personal financial products and services, wielding her editing skills to clarify complex (some might say befuddling) topics to help consumers make informed decisions about their money.
About the Author
Steve Miley With 30 years of experience in institutional financial markets, Steve has won multiple awards from Technical Analyst Magazine, including "Best Independent Fixed Income" and "Best FX Research." In addition to his work with StockBrokers.com, Steve is the founder of The Market Chartist, where he provides market research for institutional clients; and is editor-in-chief for FXExplained.co.uk.
