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Broker Trading 212 is a subsidiary of Avus Capital UK Ltd. and Avus Capital Ltd .. Offers Forex and CFD trading. Trading212 parent companies are authorized and monitored by the FCA. The company's offices are located in Spain, Germany, the Netherlands, Romania, Poland, France, Italy and other countries. The number of the company's clients exceeds 250 thousand people.
Products and services
The broker has access to the world's largest markets. Foreign exchange market Forex, more than 150 pairs of foreign currencies. Clients have access to stock and commodity markets, as well as trading over 30 indices.
Features of the company
Since January 2016, the broker has repeatedly been named the most popular trading company in the UK. At present, he is actively developing other regions. It can be noted that Trading 212 allows investors to make 10 trades per month, each of which costs up to £ 10,000 without any commissions. Subsequent trades will already have to pay a fee of 1.95 pounds and 0.05 percent of the commission per trade. Given that the average commission in the UK is £ 10.01 per trade.
Asset security
The assets of the company's clients are reliably protected. All client funds are held in segregated bank accounts and are protected by the Financial Services Compensation Scheme, or FSCS (Trading 212 UK Ltd.), and the Investor Compensation Fund, or ICF Bulgaria (Trading 212 Ltd).
Accounts and currencies
Clients have access to only one type of trading account - standard. Account currencies USD, EUR, RUB.
Minimum deposit
The deposit starts from RUB 10,000, EUR 100 or USD 150
Spreads and commissions
Fixed, 1.9 pips, floating, from 0.9 pips
Leverage
Leverage is set to 1: 200.
Trading platforms
One of the disadvantages of the company is the inability to use third-party software for trading. Trading 212 offers its own trading platform, available for both PC and mobile devices. Other trading platforms, including the popular MetaTrader4, are not available.
Support service
Customer service is one of the company's greatest strengths. You can contact the support staff by phone, email or chat 24/5. The company representatives speak more than 16 languages.
Reviews of traders
Having studied the Russian-speaking segment of the market, one can come to the conclusion that the number of negative reviews about the broker's work exceeds the number of positive ones. In general, we recommend that you carefully study the conditions, and most importantly, the trading platform in order to understand how this broker is right for you.
“An inconvenient and clumsy site + crappy work of a mobile application + zero accounts, which are a fat plus. I will never appear on Trading 212 again and do not advise anyone to trade here. At first everything is fine, maybe 2 weeks, but later he starts AD in the literal sense of the word. I lost 300 bucks because of the disgusting work of the mobile application. " Tosha 08/13/2019.
“Oh, and a problem broker, honestly. I closed orders for 10 minutes, and sometimes the stop loss did not work, when the volatility is high, I close the order with my hands, and they write to me that there is a wait, then it gives an error and so on for 10 minutes, sometimes I spent 15 minutes on this matter. An absurdity, honestly. " Igor 10.08.2018.
“There is no need to fence in nonsense, it is clear how you describe everything well, how you suffered, lost all your money. People, don't listen to them. Good broker, good conditions, excellent conclusion. You just need to get used to the platform. " Alex 06.05.2019.
Pros:
quite a good choice of investment instruments; excellent work of the support service, prompt resolution of issues; security of keeping funds in accounts; the ability to open a demo account.
Minuses:
work only on your own trading platform; high minimum trade size; the presence of commission fees when crediting funds to the trading account (0.7-3.5% of the deposit amount).
TRADING212 is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
TRADING212 profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. TRADING212 received a score of 1 of 5 on our resource.