Trading212 Review – Is Trading212 Right For You?
Trading212 is an online stock broker based in the UK and Cypriot regulatory jurisdictions. The platform offers zero-commission investing on a broad selection of stocks and ETFs with fractional shares starting at EUR1. Investing with trading212 entails a number of risks, including market risk (share prices can go up or down) and credit risk (when a company you invested in defaults on their debts).
In order to open an account, investors must undergo KYC/AML procedures ensuring that they are who they say they are. After that, they can fund their account with money from their bank and start picking stock tickers that represent companies, forming part of a portfolio.
One of the pioneering innovations from trading212 has been the introduction of ETFs, exchange-traded funds that make it possible for even small investors to diversify their portfolio. These are essentially low-cost mutual funds that track a wide variety of securities.
Trading 212: Features, Reviews, and How to Get Started
The app also allows users to create pies, allowing them to build a portfolio of up to 50 different securities represented by slices. This way, investors can easily rebalance their portfolio through automation. The pies feature also allows investors to invest on a regular basis, such as every month, which is ideal for euro-cost averaging.
For those looking for a simple trading app with all of the basics, trading212 is an excellent choice. It is easy to use and has good support. However, it is missing some advanced features that could be useful for investors, such as margin loans and options trading.