Trading 212 Review
Trading 212 is an exemplary brokerage firm that allows a retail investor and hedge fund managers to diversify their investment portfolios with various investment vehicles like equities, bonds, currencies, and indices, etc.
Trading 212 is amongst those brokerage firms that offer zero commission services and the first online stock brokerage firm in the UK.
You might be wondering why are we discussing the brokers in the first place? The most astonishing feature of online trading is autonomous trading software. Automated traded software creates an enabling environment for widespread access to the capital market. But most people aren’t aware of the fact what makes this automated trading software worth investing are the brokers. Whenever you create an account in any well-known automated trading software by following their step-by-step procedure, you’ll be assigned a broker who manages all the technical aspects of the trade for you.
Could you imagine what would be the ramification if the broker we were assigned turned out to be dishonest? In this scenario, all your deposited money will be stolen by the broker. All your money will be lost and you won’t be able to withdraw it.
If this happens in reality, you would be in a sorry state of affairs. That’s why the importance of a broker for effective online trading cannot be neglected. Additionally, anyone who is interested in investing his money via automated trading software should pay special heed to the credibility of the broker.
When you surf online to read people’s reviews about various brokers, you’ll most likely be obsessed with a lot of fake reviews. There are plenty of websites that portray fake reviews about the specific broker to misguide the masses.
All these fake reviews sites are the evil marketing tactics to degrade competitors. In this review article about Trading 212, you can rest assure you won’t find any fake review or misleading information regarding any broker, but all the facts discussed in this content are entirely based on factual evidence. Therefore this article is worth reading particularly for those seeking a known unbiased overview of brokerage firm Trading 212.
Overview of Trading 212
Trading 212 is a phenomenal brokerage firm, located in the UK that allows investors to invest in a wide range of investment instruments apart from bonds and equities. Long story short, we can say Trading 212 is software that provides access to a capital market to retail investors.
The most appealing aspect of this software is that it doesn’t assume any pre-requisite knowledge from the user to harness the full potential of it. This software has a special feature embedded into it to facilitate crypto traders.
Another great feature of this software that makes it set apart from other automated trading software is you have complete access to all the data of the top winners and top losers of the market thereby you can devise your investment strategy more smartly.
You can minimize the number of losses up to the greatest extent from the data of the previous trading sessions. Apart from that, this software provides you uninterrupted access to vital trade- related information.
The mobile application of Trading 212 is massively optimized thereby any user irrespective of his technical expertise can simply navigate through this app. Trading 212 offers a wide range of services to its users, such as market analysis and chat patterns to facilitate newbie investors. Another great feature of Trading 212 is its ability to execute trades in multiple ways and can perform numerous operations on the same trading pairs simultaneously.
Additionally, you can access more additional features of Trading 212 that include spread type, the margin, the target spread, long and short term positions swap amounts and as well as minimum trading quantity.
Apart from the outstanding trading features, trading 212 has plenty of useful educational resources in the form of video tutorials and news feed to educate novice investors regarding all the complexities of the trading platform.
Legitimacy of Trading 212
This is one the most frequently asked question about any automated trading platform and particularly about Trading 212. Is it a legitimate trading software?
When you surf online to find an appropriate review about trading 212, you’ll come across many unrealistic and controversial reviews. Some of these are entirely biased and sometimes not based on factual evidence. After being obsessed with these reviews, you’ll most likely make a wrong investment decision.
After thoroughly examining the core features of trading 200 and reading the authentic reviews of Trading 212, I can assure it is 100% legitimate trading software. You can just rest assure after investing your money into this software
It is endorsed by numerous regulatory bodies and follows a certain set of rules for its proper functioning. The job of regulators is to ensure your money remains secure and in case of bankruptcy or any other mishap in the future, you’ll get your money back instantly. Besides it, the job of the regulator is to protect your valuable money from stolen and ensures your money can be only utilized for placing the trade deals.
Trading 212 is recognized by global financial institutions and regulatory authority Financial Conduct Authority and is operating in England as well as Wales.
It also works on the premises of Bulgaria under the supervision of the Financial Supervisions Commission. As this brokerage firm is regulated and compliant with the numerous global financial authorities thereby the operators of Trading 212 can’t share users’ data with the masses or the third-parties so you no longer need to worry about information disclosure while pursuing your investment journey on this platform.
The credibility of Trading 212
While selecting an appropriate automated trading software, you must pay special heed to the fact is trading 212 is well-regulated? That’s why I’ve decided to cover this question in detail in this review article about trading 212.
I’ve opted to address this matter in detail because I often observed most of the peoples aren’t aware whether their trusted broker is endorsed and regulated by the global financial authorities. Regulations are crucial for the credibility of any brokerage company. Aside from the endorsement by financial institutions, regulations ensure that your money stored into a segregated amount instead of getting stored in the broker’s account.
As your money is kept secure into a segregate amount therefore your broker would not be able to misuse your money because they do not have direct access to your money.
It is worth noted Trading 212 is certified and endorsed by UK’s Financial Conduct Authority and is considered as the legit trading platform across England and Wales.
All the payment activities executed on this platform are closely monitored by concerned authorities and adequate security measures were already ensured by the developers of trading 212 to protect your valuable data from being spammed and compromised. Doesn’t it sound great to you?
Core Aspects of Trading 212
For the sake of the convenience of my readers, I’ve curated a list of some of the extraordinary features of trading 212.
Assets
Trading 212 allows its users to invest in a wide range of assets. It means you do not have to restrict yourself with the specific category of assets so the investors can better diversify their investments by not restricting themselves in one particular class of assets. According to an investment perspective, asset diversification is the only way through which an investor can mitigate the fear of losing his/her valuable money. Additionally, Trading 212 is well-suited for cryptocurrency aficionado as it allows them to invest in various crypto-backed assets such as bitcoin trader, Ethereum, Ripple, XRP and many more.
Visit Bitcoin TradingCross-Platform Compatible
The most crucial and must-to-have feature in any automated software is its cross-platform compatibility. Luckily, trading 212 works pretty well on both the android and IOS platforms. The mobile app of trading 212 can be easily downloadable from the Google app play store and Apple app play store.
Mobile app brings portability and it simplifies the trading process as users no longer need to carry a bulky laptop along with them. You can carry your mobile along with you anywhere. Aside from the mobile app, a trading app can be accessed from tablets and iPad as well.
Educational Resources
One of the extraordinary features of trading 212 is its collection of a wide variety of quality educational resources and research material. There is adequate educational material available at this brokerage platform. You can leverage these learning resources to make yourself better informed with the diversified collection of asset classes and investment instruments.
If you think these educational resources aren’t sufficient to replenish your thirst for knowledge. You may sign up for the live webinar that will educate you about all the technical aspects of the trade and make you acquainted with all the key functionalities of this particular software.
If you are a newbie trader and aren’t much aware of all the complexities of the market, there are various other options also available to coach you in this arena such as video tutorials.
Account Types
Trading 212 allows its users to choose from plenty of different account types. You can select an appropriate account type for you based on the type of trade you are going to perform. If you are perceiving various account types, then you can leverage various platforms such as EuropeFX and Pepperstone.
Minimum Amount of Deposit
There are various other automated trading software that requires thousands of dollars as an initial deposit from their users. A novice investor who isn’t much familiarized with the trading environment cannot afford to invest behemoth amount of capital initially. To address this concern of novice investors, trading 212 kept the minimum deposit as low as $1. It means you can start leveraging their phenomenal trading platform with just $1. It is strongly recommended to invest a very small chunk of money initially and then analyze the trading bot by your own experience.
Deposits and Withdrawal
Trading 212 allows its users to choose from a wide variety of payment methods. The most convenient payment method at this platform is direct bank transfer along with debit and credit card-oriented transactions. Aside from that, there are various digital wallets as well as a default method of payment. If you want to acquire more valuable knowledge about the default modes of payment via trading 212 platforms, you may refer to the official website of this brokerage platform.
Registration Methodology
Most peoples often find some sort of difficulties in registering themselves in various other automated trading platforms due to their lack of technical knowledge or may be due to the complexities of software. But the registration process of trading 212 is pretty much self- explanatory and free from all sorts of complications. However, it is generally regarded as the good practice at this platform to verify yourself before making any withdrawal or deposit.
If you have any queries regarding the registrations of trading 212, you may refer to the official website of it.
Visit Bitcoin TradingDemo Trading Feature
Almost all the genuine brokers and cryptocurrency trading platforms allow its newbie users to create a demo trading account to gain valuable insight into the trading platform. In a demo trading account, users are provided virtual funds that they can use to perform a trade, but the money earned in this scenario cannot be withdrawn. The demo trading account is a replica of a live trading account and possesses the same functionalities.
24/7 Customer Support
Customer support of trading 212 is quite unprecedented. Their customer service team is available 24/7 to tranquilize the queries of their friends. The average response time of their customer service representative is quite high and that is 47 seconds.
Registering with Trading 212
As trading 212 is a brokerage firm that is compliant with the Financial Conduct Authority, there are certain criteria that you have to fulfill to register yourself successfully at this trading platform. A scanned copy of your National passport or the national identity card, copy of the last three months of bank statement along with the utility bill is mandatory at this platform to accomplish the registration process.
To register yourself at the trading 212, head over to the official website of this brokerage and then explore the registration option. Once you’ve located the registration option, you can insert your details. Even though after completing the registration process, you can access the trading 212 anytime, but the proper registrations might take a couple of days to execute.
Conclusion
Undoubtedly, trading 212 forex broker offers plenty of extremely beneficial features to its users that you won’t find in any other brokerage platform. The greatest attribute of this software that makes it set apart from the other brokerage services is its uninterrupted customer support and multiple account service.
Apart from that, trading 212 offers various tradeable assets too such as commodities, currencies, stocks and indices etc. This app opens a door of whole lots of opportunities to its users.
If you aren’t aware of the trading environment and are new to this app, it is strongly recommended to start with the minimum deposit. Initiating a trade with the lowest possible deposit allows you to properly examine the core features of trading 212 and avoid the risk of losing money in case if your trades go wrong.
