Trading 212 may not be one of the top online trading brands out there, but it is certainly a brokerage very up-to-date in regard to regulation and trading conditions.
The corporate owner of the brand is Trading 212 UK Limited, with branches in Bulgaria as well as Cyprus. It used to be known as Avus Capital CY Ltd, and many reviews available out there on the brokerage still mention it as such. The Bulgarian branch of the operation is Trading 212 Limited and the Cyprus one is Trading 212 CY Ltd. The interesting thing about the setup is that every one of these companies is registered with the local authorities and licensed to provide financial services.
Trading 212 UK Ltd is registered in England and Wales. The company registration number is 8590005. Trading 212 UK’s activity is regulated and licensed by the FCA, under license number: 609146.
The Cyprus branch of the brokerage is registered under company number 343308. The company is a Cyprus Investment Firm and as such, its clients are covered by the Investor Compensation Scheme. The CySEC license of the operation carries number 290/16 and it attests to the fact that the brokerage complies fully with the requirements of MiFID.
In Bulgaria, the registration number of the local branch is 201659500, and the FSC license number is RG-03-0237.
In addition to the above-said countries, Trading 212 is registered (but not licensed) with a number of other national regulatory agencies too.
As usual, the brokerage does not accept US traders.
Why would you want to become a Trading 212 client though? Let us take a closer look at what’s on offer here.
Trading 212 features two types of accounts: there’s a demo option, which comes with EUR 10,000 in virtual money, and there is a real money account. As far as real money trading goes, this broker has apparently decided to keep things as simple as possible: it only has a one-size-fits-all real money account, which requires a minimum deposit of $150. That is indeed extremely reasonable and attractive.
The Demo account is certainly suitable to get traders acquainted with the trading platform. The brokerage seems focused on its Android- and iOS mobile trading platforms, but it does feature a web trader too.
As mentioned above, the trading conditions offered by Trading 212 are quite outstanding. The maximum available leverage is 1:200, which is not something to write home about, but the spreads are excellent: on the EUR/USD pair, for instance, the typical variable spread is 0.9 pips.
Trading 212’s platform is a proprietary one and as such, it is obviously a far cry from industry mainstays such as MT4, complexity- and features-wise. Still, it seems to work fine. Featuring STP execution, the platform offers a handful of chart types, drawing tools and technical indicators, without going overboard.
The web-based platform can be accessed at a single click from the homepage though, it loads quickly and works seamlessly, regardless of location (as long as one is in a jurisdiction where the broker can legally operate).
The mobile platforms cover iOS- as well as Android-based mobile devices. They are indeed great look- as well as functionality-wise and their popularity has been skyrocketing: while in the beginning, only about 10% of Trading 212’s traders used mobile, nowadays, some 60% of the trading happens through these mobile platforms.
Traders can use a variety of credit- and debit cards to deposit funds at Trading 212. VISA, VISA Electron, MasterCard, and Maestro are all accepted. Bank wire can also be used, as well as Skrill.
The market-coverage of Trading 212 is excellent. There’s a wide range of US and European stocks available in the Equities section. As far as CFDs go, there’s a massive number of currency pairs supported. The commodity section features some rather exotic pairings, such as XAU/PLN, as well as all the mainstays one would expect. Stocks and indices are well represented too.
In addition to an email form, Trading 212’s clients can request support through an impressive number of country-specific phone numbers and email.
Given the broker’s regulatory status and its generally favorable reputation, it is safe to say that it is indeed rather reliable, and it seems trustworthy.
Everything considered, Trading 212 is a bit of a mixed bag: its regulatory status is great, its trading conditions are attractive, as is its market-coverage. Its trading platforms are simplistic though, and somewhat lacking in regard to charting and analysis tools.