Day: June 4, 2024

What Is Trading 212?What Is Trading 212?

With so many accounts and investments at our disposal these days, it’s important to understand what each is and how they differ. One of the distinctions that’s vital to grasp is what is trading 212 and how it compares to other platforms.

The what is trading 212 isa a host of features. Most notably, it’s commission-free for trading and investing. They also offer a wide range of investment options, including within an ISA. Plus, you can store your cash in multiple currencies – avoiding currency conversion fees (although they are very low anyway) and earn interest on it too.

Trading 212 is also super popular with over 2,000,000 customers worldwide. They score a really impressive 4.6 out of 5 on the Trustpilot review website, which is awesome for the finance industry.

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They’re regulated by the FCA so they must take steps to keep your money safe, which includes holding it in a separate client account. In addition, up to PS85,000 of your cash is protected by the Financial Services Compensation Scheme if they go bust.

It’s also worth noting that trading 212 does make money from spread fees, which is normal for all platforms. These vary depending on the asset you’re trading and change throughout the day. They’re among the cheapest spread fees out there though. You can read more about this on their website.