Best Trading 212 Account Review
Best Trading 212 Account
Best trading 212 account broker offering an accessible and user-friendly platform for investing in shares, ETFs, CFDs and ISAs. It also lets you trade on the price of commodities, cryptocurrencies and a few other assets. The website and mobile app are easy to use and there’s a feature that allows you to practice with PS50,000 of fake money before investing real cash.
The company makes its money from spread fees, which vary per asset and market. It offers one of the lowest spreads of all online brokers for the majority of assets that can be traded. It also lends your stocks to third parties, for example traders shorting them, to earn interest. It tries to minimize this risk by requiring collateral from its clients.
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Besides the core product, Trading 212 offers additional services like research and analysis and educational resources. Its education resources are particularly helpful for newcomers to the world of trading. The company also provides a free demo account for investors to test out the service.
Besides the demo, Trading 212 also offers a number of different accounts for different types of investors. The Invest account, for instance, lets you buy and sell shares and ETFs on various stock markets, primarily in Europe and the US. It doesn’t charge a commission but does pass on the currency conversion fee. It also pays you interest on your uninvested balances in thirteen currencies. Lastly, it offers unlimited, instant trades.