The universal platform Trading 212 is owned by English company Avus Capital UK Ltd. A British legal entity holds a variety of licenses from regulators. Therefore, activities in Europe, Asia and the CIS is completely legal. The forex broker provides access to all popular groups of financial instruments, including currency pairs, CFDs, indices, cryptocurrency.
General information about Trading 212
• Year of foundation – 2004;
• Headquarters Address – 107 Cheapside, London;
• Licenses from regulators – FCA, CySEC, BaFin, AMF, CNMV;
• Minimum deposit – $150;
• Platform – Metatrader or web platform.
The advantages of this platform are in a high degree of security of deposit funds. Each account is insured under the EU directive 97/9 / EC in the amount of 20 thousand euros. Additionally, the company uses increased requirements for user identification. This ensures the security of personal data. One of the requirements for new users is an identity verification process.
Trading conditions of Trading 212 Forex broker
Users note a low level of spreads, which are formed for more than 150 currency pairs and other categories of assets. Transaction fees range from 0.9 points. Both fixed and floating spreads are offered.
Trading conditions:
• Leverage size – 1: 200;
• Type of order execution – No Dealing Desk (NDD);
• Swaps – absent.
The total number of instruments for trading exceeds 1000 units, which is one of the largest indicators among all working Forex brokers. In addition to currency pairs, you can open trades on shares of Lloyds, Apple and Tesla Motors and other giants, as well as on the cryptocurrency Bitcoin, Ethereum, Ripple, Litecoin and others.
You can replenish accounts through all possible ways: VISA and MasterCard, electronic payment systems, direct bank transfers.
Modern trading terminal
Broker Trading 212 has developed one of the most informative web terminals for trading. The user interface is very informative. There are over 70 tools available for technical analysis. Opening deals is instant. You can track and manage current user transactions from the main window. The opening of new orders occurs within a few milliseconds, which is typical for the market execution of orders. The platform is also available for mobile devices. Direct access through a personal account.
Training section
Most Forex brokers imitate a training section, creating it just for a tick. But on the official website of the described broker, we can observe a full-fledged block with information that is updated every day. According to the representatives of the broker, a whole group of analysts work in the central headquarters. Their task is to conduct technical analysis and constantly update the information in the section.
There are available:
• Detailed technical analysis with graphs and forecasts of financial markets;
• Educational videos;
• A description of the concepts of trade, the rules for choosing strategies and tactics.
In addition to theory, each user can use analysis tools for free: an economic calendar, a news service. The broker does not prohibit the use of automated advisors, forex robots. Allowed to use the service of copying signals, as well as scalping.
Trading 212 Reviews from Customers
You can find a large number of reviews about this broker on the web. Unfortunately, not all responses are positive. The negative is primarily due to the lack of withdrawal of funds, blocking of accounts, slippage and the inability to manually configure Take Profit and Stop Loss. Many indicate that broker accounts are not ECN. This means that the quotes are formed by the company itself, and transactions do not enter the interbank market. This principle of doing business is called “Forex-kitchen”, which opens up new opportunities for limiting the profitability of traders and investors. It is also noteworthy that Trading 212 does not offer any investment programs.
Broker Trading 212 may be promising for trading due to the large number of available trading tools and a convenient web terminal. But current customers don`t recommend to invest a large amount immediately on the deposit. Test trading conditions and trading opportunities on a demo account or with a small amount up to $ 500. So you can appreciate the quality of the support service, and the ability to quickly process payments.
A positive factor is international support from a number of experts and financial institutions. The company works absolutely legally and for a long time. Therefore, the question concerns only how well the conditions for traders are formed.
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