Day: May 8, 2024

Is Trading 212 Legit?Is Trading 212 Legit?

Founded in 2011, is trading 212 legit is one of the cheapest investment platforms for European investors, charging no or very low fees for all investing activities. Trading 212 makes money through CFD (contract for difference) trades, meaning it has no overhead costs to pass on to its customers. Nevertheless, it’s important to remember that your gains and losses on any trading platform will depend on the decisions you make and not the platform itself. Around four in five people who trade CFDs will lose money.

The brokerage also offers a variety of other investment tools like ISAs, and there are plenty of options to choose from for individual stocks and ETFs. However, it’s worth pointing out that the broker doesn’t publish trading analysis and doesn’t offer any third-party research tools. There are a number of educational videos available though.

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As with all online brokers, it’s vital to know the basics of how to trade before you start investing your hard-earned cash. Fortunately, Trading212 does have a fairly comprehensive help centre with answers to most questions you might have.

The site also has a number of different deposit and withdrawal methods to suit your preferences, but you can expect some processing times to vary depending on your method. Trading 212 does not charge inactivity, custody or in-activity fees but they do charge a small fee for transferring funds between your accounts. It is also important to note that while your investments are protected by the FSCS, your cash deposits with Trading 212 may not be.