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TickmillTrading 212 Review
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Blain Reinkensmeyer
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
Overall
-
Minimum Deposit:
EUR 10 -
Trust Score:
77 -
Tradeable Symbols (Total):
1785
Trading 212 pros & cons
Pros
- Intuitively designed, easy-to-use web trading platform and mobile app that earned Trading 212 a Best in Class spot for ease of use in our annual review.
- Diverse range of 1,785 symbols available for CFD and forex trading.
- Supports several exotic FX pairs, including 16 against the Bulgarian lev.
- Offers indemnity insurance over EUR 1,000,000 in excess of EUR 20,000 from Cypriot regulator.
Cons
- Outside of the economic calendar events, no news headlines are offered in mobile app.
- Besides sentiment data, research in the web platform is limited to snippet-like updates.
- Despite a large number of videos, Trading 212 has few written articles for education.
- MetaTrader is not available.
Overall summary
| Feature |
Trading 212
|
| Overall Rating |
|
| Trust Score | 77 |
| Offering of Investments |
|
| Commissions & Fees |
|
| Platform & Tools |
|
| Research |
|
| Mobile Trading |
|
| Education |
|
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Is Trading 212 safe?
Trading 212 is considered average-risk, with an overall Trust Score of 77 out of 99. Trading 212 is not publicly traded and does not operate a bank. Trading 212 is authorized by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Trading 212 is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA). Learn more about Trust Score.
| Feature |
Trading 212
|
| Year Founded | 2004 |
| Publicly Traded (Listed) | No |
| Bank | No |
| Tier-1 Licenses | 1 |
| Tier-2 Licenses | 1 |
| Tier-3 Licenses | 0 |
Offering of investments
Trading 212 offers traders CFDs on 29 commodities, 36 indices, 1536 shares, and 184 forex pairs, alongside access to exchange-traded securities such as fractional shares.
Cryptocurrency: Trading 212 no longer offers cryptocurrency trading.
| Feature |
Trading 212
|
| Forex Trading (Spot or CFDs) | Yes |
| Tradeable Symbols (Total) | 1785 |
| Forex Pairs (Total) | 184 |
| U.S. Stock Trading (Non CFD) | Yes |
| Int'l Stock Trading (Non CFD) | Yes |
| Social Trading / Copy Trading | No |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (CFD) | No |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Commissions and fees
Trading 212 offers two accounts: Invest for trading shares, and CFD for trading CFDs. The minimum deposit for the Invest account is 1 euro, while the CFD account requires a 10 euro deposit. This review focuses on the CFD account. For more on the Invest account, read our U.K. StockBrokers.com review of Trading 212.
Trading 212 advertises zero-commission trading, but you’ll still need to pay a spread when trading CFDs and forex. Trading 212 does not publish an average spread, which would help to clarify its pricing for forex pairs such as the EUR/USD. This omission of average spread data puts it at a disadvantage, as I’ve come to expect this information from the best CFD and forex brokers.
| Feature |
Trading 212
|
| Minimum Deposit | EUR 10 |
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| Active Trader or VIP Discounts | No |
| ACH or SEPA Transfers | Yes |
| PayPal (Deposit/Withdraw) | Yes |
| Skrill (Deposit/Withdraw) | Yes |
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
Mobile trading apps
The Trading 212 app is undeniably popular, with over 10 million downloads on the Google Play store. The app integrates educational video content for beginners, but experienced traders will find the lack of advanced features to be disappointing – especially when compared to the best mobile trading apps.
Apps overview: Trading 212 offers an incredibly easy-to-use mobile app for Android and iOS devices. The default watch list screeners make it easy to sort through markets such as stocks, forex, indices, and newly added symbols.
The biggest drawback I could find in the Trading 212 app is the lack of substantial research tools. It does have a robust economic calendar that conveniently highlights upcoming events for any given symbol.
Ease of use: Trading 212 is the first broker I have reviewed that also has its own Google chrome plugin, which provides quick access to the platform from within the browser. It’s also worth noting that its watchlists are customizable and automatically sync with the web platform. These features helped earn Trading 212 a Best in Class ranking (top 7) for Ease of Use in our annual review.
Charting: There are 45 indicators and 19 drawing tools that have been cleanly integrated into the app’s charting tool. The mobile app has near-identical functionality to the corresponding web version.
Trading tools: Unfortunately, good-till-date order expirations are not currently available and instead default to good-till-cancel. These kinds of subtle details illustrate how much room there is for the app to improve its customization options.
Upcoming events: One feature that stands out in the Trading 212 mobile app experience is the ability to see upcoming events when you are looking at the symbol properties of a particular instrument such as the EUR/USD. The event is displayed along with its potential impact, expected forecast, and exact time. One thing I would note: It would be nice if you could subscribe to and receive alerts about any given event – a functionality I’ve observed on CMC Markets’ trading platform.
| Feature |
Trading 212
|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Watchlists - Total Fields | 5 |
| Watchlist Syncing | Yes |
| Charting - Indicators / Studies (Total) | 45 |
| Charting - Drawing Tools (Total) | 19 |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Charting - Multiple Time Frames | Yes |
| Forex Calendar | Yes |
Other trading platforms
Platforms overview: Trading 212 offers a web-based trading platform, as part of its multi-asset offering. As with its other platforms, you’ll gain access to both of its accounts – CFD and Invest – and their respective markets. Most of the platform’s features are easy to use and it boasts a clean, simplified layout that includes robust charts and integrated news headlines.
One useful feature that Trading 212 shares with eToro: the website will cache a user’s credentials locally, so that they are automatically logged in when they access the platform via their browser.
Charting: Trading 212’s web platform – like the mobile app – features solid charting. You can choose from five different types, and you’ll gain access to 45 indicators alongside 19 drawing tools. You can create and save your own chart templates – a feature which I’ve found helpful when applying settings across a variety of charts. One noteworthy – albeit small – limitation: you can open multiple charts and switch between them, but you cannot detach the chart from the platform.
Trading tools: The web platform is missing the mobile app’s useful tool that allows you to discover upcoming events simply by glancing at the symbol of a given instrument. Rather, you have to do it the old-fashioned way and manually open the economic calendar to view those events.
| Feature |
Trading 212
|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | No |
| Web Platform | Yes |
| Social Trading / Copy Trading | No |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| DupliTrade | No |
| ZuluTrade | No |
| Charting - Indicators / Studies (Total) | 45 |
| Charting - Drawing Tools (Total) | 19 |
| Charting - Trade From Chart | Yes |
| Watchlists - Total Fields | 5 |
Market research
Trading 212 does not have a particularly strong research offering; it provides just a touch more than what I’d consider the bare minimum. Users gain access to news headlines and analysis, a hotlist of popular trading symbols, and a genuinely useful economic calendar.
Research overview: Trading 212 provides daily market analysis across a range of instruments, from within its web trading platform. However, research material is sparse, and the research that is available appears to simply be out of date. For example, the last video uploaded to its YouTube channel was more than a year before the time we conducted testing (August 2021).
Market news and analysis: Trading 212’s web platform provides news briefs and nearly a dozen technical analysis snippets, complete with price references for popular CFD markets like forex, commodities and metals.
| Feature |
Trading 212
|
| Daily Market Commentary | Yes |
| Forex News (Top-Tier Sources) | Yes |
| Autochartist | No |
| Trading Central (Recognia) | No |
| Social Sentiment - Currency Pairs | No |
Education
Trading 212 has a good variety of educational videos, with over 170 available on its YouTube channel. Detailed articles and advanced materials are limited to the help center, however, and there are no archived webinars.
Learning center: Education at Trading 212 consists mostly of videos, many of which are embedded in its web and mobile platform. Besides some posts in its community forum and FAQs in its help section, Trading 212 does not offer educational articles.
Room for improvement: Trading 212 would benefit from the addition of educational features I’ve found on the best brokers’ platforms, such as articles organized by experience level, and quizzes for evaluating and tracking your progress.
| Feature |
Trading 212
|
| Has Education - Forex or CFDs | No |
| Client Webinars | No |
| Client Webinars (Archived) | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | Yes |
| Investor Dictionary (Glossary) | Yes |
Final thoughts
Trading 212 has done an excellent job of simplifying its platform to make the customer experience seamless for beginners.
However, its research offerings lack depth across its site, web and mobile app. More experienced traders may be left wanting more from Trading 212, compared to the best forex and CFD brokers.
About Trading 212
Founded in 2004, the Trading 212 brand is regulated in the U.K. by the Financial Conduct Authority (FCA), in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), and in Bulgaria by the Financial Supervision Commission (FSC). Trading 212 holds over EUR 3.5 billion in customer assets and over 1.5 million clients.
2023 Review Methodology
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
Read our full explanation and accounting of our research and testing process to learn more about how we test.
ForexBrokers.com 2023 Annual Awards
For the ForexBrokers.com 2023 Annual Awards, brokers were evaluated against ForexBrokers.com’s 8 Primary Categories: Commissions & Fees, Offering of Investments, Platforms & Tools, Mobile Trading Apps, Research, Education, Trust Score, and Overall.
Best in Class honors were awarded to the Top 7 forex brokers in each of the following areas: Beginners, Social Copy Trading, Ease of Use, MetaTrader, Algo Trading, Crypto Trading, and Professional Trading.
ForexBrokers.com also recognized brokers that demonstrated excellence and innovation with our exclusive Industry Awards.
Primary categories
|
Trading 212
|
Overall Rating | Offering of Investments | Commissions & Fees | Platforms & Tools | Research | Education | Mobile Trading Apps | Trust Score |
| Rating |
|
|
|
|
|
|
|
77 |
| Rank #1 | ||||||||
| Streak #1 | ||||||||
| Best in Class | ||||||||
| Best in Class Streak |
Secondary categories
|
Trading 212
|
Social Copy Trading | MetaTrader | Crypto Trading | Ease of Use | Professional Trading | Beginners | Algo Trading |
| Rank #1 | |||||||
| Streak #1 | |||||||
| Best in Class | |||||||
| Best in Class Streak | 2 |
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.
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Show allAbout the Editorial Team
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.