Trading212 Review: In Forex trading, it is wise and profitable to have correct information about platforms and firms in the market. Our reviews identify scammers through various methods of investigation. How much do you know about Trading212? Is trading212.com a scam? Is it Legit? Does it suit your needs as a Forex trader? Read our review to find out the result of this particular investigation on Trading 212.
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What is Trading 212?
Trading 212 is a forex and CFD broker that claims to offer an easy to use trading platform and mobile app to residents across the UK and broader EU. It is licensed and authorized by the Financial Conduct Authority (FCA) in the UK. This platform offers zero commissions on trading equities, Forex, commodities and other assets.
Trading 212 offers over 1,800 assets including, CFDs on gold, silver, stocks, indices, a variety of Forex pairs and cryptocurrencies like Bitcoin, Ethereum, Monero etc.
What Trading 212 Say They Offer
- Trading 212 claims to offer diverse range of 1,000 instruments necessary for trading.
- 14 crypto pairs and several unique FX pairs supported, including 37 against the Bulgarian Lev.
- Demo account
- Measures to ensure the security of users funds
- Negative balance protection
- User friendly web trading platform and mobile app.
- Algorithmic trading offered via mobile Pro Quant app.
Trading 212 Trading Software
We suspect that Trading 212 provides its own proprietary trading platform. User feedback state that although this platform is unfamiliar and lacks adequate information, it is effective and has a user friendly interface. This trading platform features live news, Integrated candlestick patterns, advanced charting tools, market indicators and many more. Trading 212 offers a mobile app for Android and iOS devices, which is easy to navigate and use.
Trading 212 Withdrawal and Deposit Methods & Fees
According to trading212.com, there is a wide range of option for deposit payments and withdrawal. They are Bank wire, Visa , MasterCard, direct eBanking, Skrill, UnionPay, CashU, and many more.
Trading 212’s minimum deposit is $29 and withdraw process takes up to 2 to 3 business days.
Is Trading 212 Licensed?
This broker is jointly owned by Ivan Ashminov and his business partner. Trading 212 is licensed by the Financial Conduct Authority (FCA) in 2013 and has two entities (Bulgarian and Europe).
- Trading 212 UK Ltd is registered and regulated in Europe with company number 08590005 by the Financial Conduct Authority (FCA)under registration number 609146.
- Trading 212 Ltd is registered and regulated in Bulgaria with company number 201659500 by the local Financial Supervision Commission (FSC) under registration number RG-03-0237.
Trading 212 Support
Phone: (+44) 20 3769 9897
Trading212 appears to have every feature a reliable Forex broker should have. Not only are their offers realistic, transactions are commission free. However, they do not offer MetaTrader 4 trading platform and we see this as a disadvantage.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website