What trading 212 account should i open? Trading 212 offers a user-friendly platform where investing in real shares and ETFs is relatively easy. Unlike many other DIY investment platforms, this broker doesn’t charge any platform fees when investing through the stocks and shares ISA wrapper. This can save a lot of money over the long run. It also offers CFDs on top of its portfolio of financial assets. However, the platform isn’t available on all devices and the customer support team could be better.
What is the difference between Trading 212 invest and CFD account?
Its mobile app is intuitive and well-designed. It allows you to invest in a range of international stocks and ETFs. You can also trade derivative products like CFDs on stocks and cryptocurrencies. The app offers a good variety of payment methods including credit and debit cards, Apple Pay, iDEAL and Dotpay. Deposits via bank transfer are commission-free while instant deposit methods like credit cards may incur a fee. Trading 212 charges a spread for each CFD trade, and this is difficult to predict as it depends on the market conditions. However, the firm does publish an average spread value for each currency pair.
Trading 212 is regulated by several international bodies and it holds client funds in segregated accounts. It is also a member of the Financial Services Compensation Scheme. This makes it one of the safest online brokers. It also offers a demo account where you can practice trading without risking any of your own money.