Unlike some of its competitors, Trading 212 doesn’t charge a subscription or inactivity fee if you don’t trade for long periods of time. Additionally, you’re protected by the FSCS (UK) up to PS85 000 should something go wrong with your investments.
The Trading 212 review commission-free stock and ETF trading is a big draw, especially for beginners who don’t want to be hit with high dealing charges. Moreover, the platform lets you buy fractional shares to invest with small amounts of money and is well-designed for mobile devices. However, more advanced investors will be better off with another broker that offers deeper technical analysis and a wider range of assets.
Best AI Trading Bots in the UK for Smarter Investing
Other features of Trading 212 include an interest rate on cash held in your account, which currently stands at a competitive 5.17% AER (variable). It’s important to remember that this only applies to accounts holding GBP (pounds) and the top interest rate may change in the future.
Another feature of Trading 212 is its CFD proposal, which enables you to speculate on expected market movements without actually owning the underlying asset. Using this product is risky and around 78% of retail investors lose money when trading CFDs. You can also borrow shares from the firm to leverage your trades, but it’s worth bearing in mind that this is an expensive way of investing and will affect your returns. In addition, the broker doesn’t offer a cash ISA and SIPP (UK), so if you’re looking for tax-free wrappers, it might be best to look elsewhere.…