Whether you’re an expert investor or just starting out, Trading 212 offers something for everyone. Its low fees, extensive list of tradable assets and easy-to-use platform make it one of the best options for beginners. However, no trading platform is entirely risk-free. It’s crucial to understand the risks of trading, especially when using leveraged CFDs. Is Trading 212 Safe?
Fortunately, Trading 212 is regulated by the FCA and uses multiple security measures to protect your funds. They also offer tools to limit your exposure, such as stop-loss orders and negative balance protection.
Is Trading 212 Safe for UK Investors? A Comprehensive Review
The platform also offers a debit card that can earn up to £20 in cashback each month, making it a fully fledged banking solution. However, it’s important to note that not all withdrawal methods are available for every account type.
To get started, register an account by providing some personal details and uploading your ID. Then, select an account type that matches your goals and ambitions on the market. If you’re an active trader, opt for a premium account with low fixed commissions. Otherwise, consider an account with lower spreads to maximise your potential gains.
Trading 212’s primary way of earning money is through the spread, which is the difference between the highest or ‘offer’ price for an investor to buy an asset and the lowest or ‘bid’ price to sell it. They also earn revenue from a 0.5% currency conversion fee on foreign CFD trades, though this isn’t applicable to UK traders due to UK best execution laws.