Is trading 212 legit? Trading 212 is a broker that has become popular among newcomers to investing thanks to its low cost structure and commitment to investor education. In addition to providing a great range of tools for beginners to learn how to invest, it also offers commission
Is it safe to keep money in Trading 212?
The company is a member of the Financial Conduct Authority, Cypriot Securities and Exchange Commission (CySEC), and Bulgarian Financial Supervision Commission (FSC) which ensures that investors can trust their funds are in good hands. Moreover, the broker is a member of the Investor Compensation Scheme which protects individual accounts up to PS85,000 in the event of the firm’s insolvency.
What makes Trading 212 stand out is its dedication to transparency and the absence of hidden fees which is a major draw for investors especially those looking to invest tax free or explore commission-free trading options. Furthermore, the platform enables investors to withdraw funds in their native currency which helps to avoid foreign exchange charges.
Despite its dedication to transparency, the company could improve on its research offerings and the variety of instruments available on its platform. For instance, it only provides data on a handful of stock markets which may be restrictive for those who are more experienced investors. Lastly, while the platform has a strong focus on beginner traders, it doesn’t offer a demo account which may be disappointing for more advanced traders.