Trader Tips
Mar. 5, 202416 min read

Trading 212 Review 2024 – Ratings, Features, and FREE Alternatives

Tim BohenAvatar
Written by Tim Bohen

Is Trading 212 good for day trading? That’s a question on the minds of many traders looking to tap into the fast-paced world of buying and selling assets within a single day. And Trading 212 offers a wide array of features … 

  • Competitive spreads
  • Balance protection
  • A robust mobile app
  • Popular assets
  • Daily Interest

But it’s essential to understand how this platform measures up to YOUR STRATEGY. 

Trading 212 has positioned itself as an attractive platform for day trading, offering assets like stocks, ETFs, forex trading, and CFDs.

The platform’s design, fees, regulations, and more can be critical for both retail and individual traders. But is Trading 212 the best choice? I’ll break it down for you.

Table of Contents

What Is Day Trading?

It’s the art of buying and selling financial instruments within the same day. It demands attention, strategy, and quick decisions. Day trading encompasses everything from stocks to commodities, like gold and oil, and even currencies in the forex market.

You need the right tools, guidance, and platform to make it work. Whether it’s through a web trading platform or a mobile app, your choice can impact profits and losses. Let’s find out how Trading 212 fits into this picture.

Day trading requires constant vigilance and access to the latest market trends and discussions. Many traders turn to online communities like Reddit to gather insights and opinions.

If you’re interested in exploring the world of penny stocks through the lens of Reddit users, you might find this guide on penny stocks on Reddit helpful. It offers a unique perspective on trading strategies and community-driven insights, making it a valuable resource for both novice and experienced traders.

Can I Day Trade on Trading 212?

Absolutely. Trading 212 caters to day traders through its user-friendly app and web platform. The platform offers both a demo account for practice and real accounts for trading a vast range of instruments.

With Trading 212, you get access to a plethora of asset classes and currency pairs. The platform provides you with various trading tools, real-time charts, and market insights essential for day trading.

With its mobile application, you can trade on the go, ensuring that you catch every market opportunity.

Is Trading 212 Good for Day Trading?

Good question. With its attention to user experience, Trading 212 has made waves in the European trading community. From a wide range of asset types, including cryptocurrencies and commodities, to competitive spreads, this platform offers something for everyone.

What makes it stand out is its balance protection, ensuring that clients’ losses don’t exceed their account balance. The platform’s customer service, tools, and research resources cater to beginners and experienced traders alike.

However, the trading experience may differ across countries, so checking local regulations and reviews is key.

How to Trade Stocks on Trading 212

Trading stocks on Trading 212 is a straightforward process. From opening an account to depositing funds and picking stocks, the platform guides you through each step.

Various account types cater to different trading strategies.

With Trading 212’s user-friendly interface and educational resources, beginners find it easier to navigate the stock markets. Plus, the platform offers features like price alerts and detailed analysis to help make informed decisions.

It’s not just about buying and selling, it’s about leveraging the platform’s tools for maximum profit.


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Trading 212 Fees & Commissions

Trading 212 operates on a no-commission basis for stock and ETF trading, a major advantage for many users. The fees come into play with forex pairs and CFD trading, with spreads that vary based on the instruments.

These trading fees are transparent, and detailed info is available on the platform. Inactivity fees, deposit fees, and withdrawal fees are other costs to consider. Keep a close eye on these charges, they can impact your bottom line.

Trading 212 Alternatives for Day Trading

There’s no one-size-fits-all in trading. While Trading 212 has its strengths, exploring alternatives is wise. Competitors like eToro, Plus500, and other forex brokers offer different features, fees, and leverage options.

Comparison tables and user ratings provide insights into how these platforms stack up against Trading 212.

Consider aspects like customer support, mobile app functionality, and regulation by authorities like the Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC).

While Trading 212 is a popular choice, it’s essential to explore other platforms that might suit your trading needs better. For instance, if you’re interested in trading penny stocks, Charles Schwab offers specific features tailored to this market.

Learn more about penny stocks with Schwab and how it can enhance your trading experience. This platform’s unique tools and resources might be the perfect fit for your trading strategy.

Pros of Trading 212

Trading 212 has earned its spot in the trading community for several reasons. With no commission on stocks and ETF trading, it attracts both beginners and seasoned traders.

The wide range of asset classes, user-friendly interface, quality customer support, and a robust mobile app are among its top pros.

Education and community forums are valuable resources on the platform. For clients across the globe, from the UK to Singapore, Trading 212 provides a unified experience, helping traders at every step.

Trading 212 has earned its reputation for user-friendly design and diverse asset classes, but it’s always wise to consider other platforms that might align with your trading goals. E-Trade, for example, is known for its robust features and support for day trading.

If you’re looking to explore other options, this guide on using E-Trade for day trading might be an excellent place to start. It offers a comprehensive overview of the platform’s capabilities, helping you make an informed decision.

Cons of Trading 212

While Trading 212 has a lot going for it, there are cons to weigh. Issues like inactivity fees and limited customer service channels in certain countries may affect the overall trading experience. 

It might not offer the broadest range of cryptocurrencies compared to specialized crypto trading platforms. For crypto traders, that’s a disadvantage.

Always pay attention to the reviews, regulations, and individual needs. Trading 212 might not be the best choice for everyone. Factors like fees, availability, and design might differ for traders in countries like Germany, France, or India.

Is Trading 212 Safe?

Safety is paramount in the trading world. Trading 212 operates under regulations by top European regulators, including FCA and the Bulgarian Financial Supervision Commission (FSC).

Clients’ funds are held in separate bank accounts, and measures are in place to provide insurance against unforeseen losses.

With proper attention to its security features, user reviews, and regulations, Trading 212 offers a secure environment.

But remember, all trades come with risks. It’s about making the right choices for your financial goals.

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Have you used Trading 212 for day trading? Let me know in the comments!

Frequently Asked Questions

Is Trading 212 Still Good?

Yes, Trading 212 remains a reputable platform, especially for total beginners. With competitive fees, various assets, and user-friendly design, it’s worth considering.

In addition to this Trading 212 review, always review your specific needs, country regulations, and available research tools.

I can’t tell you how many times a student came to me only to find out they’ve been working in the wrong direction. Do your research, the answers are out there.

Does Trading 212 Make You Money?

Trading 212 is a tool, not a guarantee for profits. Success depends on strategies, market knowledge, risk management, and individual effort.

This finance entity can’t make money for you. But you can use it to make lots of money if you have the right approach.

Use the platform’s resources, guides, and education to develop your trading skills.

What Is the Minimum Deposit Requirement for a Trading 212 Account?

The minimum deposit varies by country and account type, but it’s usually quite accessible. Don’t worry about using thousands of dollars.

Details on the platform’s website provide specific info based on your residence. Ensure you understand all the fees, including currency conversion charges, to avoid surprises.

What Trading Apps and Tools Are Available With Trading 212, and How Do Deposits and Withdrawals Work?

Trading 212 offers a comprehensive Trading app with various trading tools, including indicators, charts, and hotlist features.

Deposits and withdrawals can be made through multiple methods, on average, that’s how most brokerage companies work. That includes E-wallets, with different currency conversion fees applicable.

Always reach out to the company’s team if you have any questions.

How Can Users Access Shares, Indices, and Commodity Prices, and What Information Is Provided in the Articles and Videos Section?

Users can access real-time data on shares, indices, commodity prices, and equities through the Trading 212 platform.

The articles and videos section provides insightful content, news, and explanations about market trends, investing strategies, and more.

How Does Trading 212 Assist Customers With Examples, Explanations, and Differences, and What Support Is Available in Italian and French?

Trading 212 provides detailed examples, and explanations, and highlights differences between trading options through FAQs, chat support, and content.

Assistance is available in multiple languages, including Italian and French, to cater to a diverse customer base. A company that can cater to global traders is an icon of the industry.

Is Trading 212 Available in South Africa, Norway, and the United Arab Emirates, and What Are the Margin Requirements and Restrictions?

Yes, Trading 212 operates in South Africa, Norway, the United Arab Emirates, and other regions.

Margin requirements vary based on the trading products and individual investor profiles. There might be specific restrictions based on regulatory compliance in different jurisdictions.

What Is Avus Capital’s Relationship With Trading 212, and What Devices and Operations Are Supported?

Avus Capital is the parent company of Trading 212 and oversees its operations, methods, and strategies.

Trading 212’s platform is accessible across various devices, including smartphones, tablets, and desktops, allowing for seamless trading experiences.

How Does Trading 212 Handle Interest Rates and Credit Cards, and What Can Be Found on Its Trustpilot Reviews Regarding Revenue?

Trading 212 offers detailed information on interest rates related to different trading products and supports deposits through credit cards.

Trustpilot reviews may provide insights into customer satisfaction, revenue transparency, and overall business ethics.

Can You Tell Me About Trading 212’s Account Base Currency, Base Currency Options, and Liquidity for a Trading Account?

Trading 212 offers various base currency options for your trading account, providing flexibility for international traders.

The platform ensures high liquidity, allowing for smooth trading and efficient execution of transactions.

How Does Trading 212 Provide Reports and Handle Taxes, and What Can I Find in the Calendar and Events Section?

Trading 212 provides comprehensive reports for your trading activities and has detailed information regarding applicable taxes in different jurisdictions.

Never hesitate to call the support line for tax information and different tax categories.

The calendar and events section keeps you updated on essential market events, economic announcements, and trading opportunities.

Is Trading 212 Available in Thailand, and How Does the Platform Cater to the Majority of People and Entities?

Yes, Trading 212 is available in Thailand and many other countries.

It offers things like services tailored to individual persons, firms, and various entities, ensuring accessibility and usability for the majority of retail traders and investors.

But the proof is in the pudding. If you’re in Thailand, start poking around.

What Options Does Trading 212 Offer for Wealth Management, Earnings, Banking, and Personal Savings?

Trading 212 Invest offers investment opportunities for wealth management, including earnings from stocks and other assets.

The platform provides banking solutions and personalized savings plans, aligning with individual financial goals and preferences.

Can You Trade Cryptocurrency and FX on Trading 212, and How Does It Handle Base Currencies and Volatility?

Yes, Trading 212 offers trading in both cryptocurrency and foreign exchange (FX) markets. Note, that can include anything from Bitcoin and Skrill.

The platform supports multiple base currencies and provides tools to manage volatility, allowing traders to strategize effectively.

What Stock Exchanges Are Accessible Through Trading 212, and How Does It Handle Points, Transactions, and Exceptions?

Trading 212 provides access to major stock exchanges globally, facilitating seamless transactions.

Traders can view real-time points and price movements, and the platform has clear policies regarding exceptions and special trading conditions.

How Did Trading 212 Respond to the GameStop Situation, and What Content Is Available on Their YouTube Channel?

During the GameStop event, Trading 212 followed legal guidelines, ensuring client assets’ security.

Their YouTube channel offers tutorials, market insights, risers and fallers updates, and more, catering to both beginners and experienced traders.

How Does Trading 212 Manage Contracts, Positions, Debit Value, and Exposure, and What Is the Fraction Trading Option?

Trading 212 offers various contract types, allowing traders to manage positions, debit value, and exposure efficiently.

The platform’s fraction trading option enables investors to purchase fractional shares, making investments cheaper and accessible to a broader audience.

How Does Trading 212’s Platform Guide Direction in Trading, and Where Can I Find Downloads for Trading Tools and Providers?

Trading 212 provides insightful direction through indicators, market analysis, and expert thoughts.

Downloads for trading tools and third-party provider integrations are available in the platform’s store or app section.

What Are the Trading Limits on Trading 212, and How Are Stars and Links Used for Ratings and Reviews?

Trading 212 has specific trading limits based on account types, asset classes, and regulatory compliance.

Stars and links in the review sections represent customer ratings, providing insights into user satisfaction and platform performance.