Online Brokerage Review - Trading 212
Trading Platform
Trading 212 has it's own trading app, both available in App Store and Google Play. It is very easy to use and has over 14 million downloads. Overall rating is very good with more than 40.000 reviews.
What you can trade with Trading 212
With Trading 212 you can trade US equities, up to 150 currency pairs, cryptocurrencies, indices and commodities such as gold, silver and more. The list of assets you can trade is really impressive.
Deposit and withdrawal
The minimum deposit for most assets is 100 USD/EUR/GBP. Funding the account is easy and quick if you use credit card, PayPal or Skrill. A bank transfer may take a bit longer. All deposit methods are without fees.
For withdrawals, no fees are applicable, but bank tranfer fees might be applied. It takes up to 3 days to receive money on your bank account or credit card which is pretty fast.
Trading 212 - Very clean interface. White and black theme available
Account Types
After registration, as a new user you'll have access to two different accounts. A demo account, where the user could practice without depositing any money. And a real money account, you can switch between the two accounts without much hassle.
Live Chat
Support team is available 24/7, and a chatbox can be started from the app. Overall the assistance from Trading 212 support team is quick and professional.
Automated trading with ProQuant
Trading 212 support automated trading with ProQuant. ProQuant lets anyone build and follow automated trading strategies via an mobile app. It combines complex algorithms, powerfull cloud computing and a simple user interface to make algorithmic trading acccessible for anyone. And it is free to follow automated trading strategies created by other traders.
Final thoughts
Trading 212 offers a sophisticated trading app, zero commissions and big variety of trading tools. This in combination with the option to automate your trades using ProQuant, solid customer support and many more features makes Trading 212 a very interesting option to consider.
