For beginner investors looking for a simple and cost-effective way to get into investing, it’s hard to beat Trading 212. It offers commission-free stocks and ETFs, a comprehensive community forum, a mobile app with an intuitive design, and a range of unique features such as the ability to buy fractional shares. The platform also allows you to invest in foreign currencies, giving you the opportunity to make investments diversified beyond the UK stock market without paying extra fees for each transaction.
However, for active forex traders, it’s worth considering IG and Pepperstone, Trading 212 Platform Review offer lower spreads and advanced research tools. It’s also worth remembering that although Trading 212 does not charge for deposit and withdrawal transactions, it is a part of the TS Group, which does have charges associated with some of its products (such as the TS Premium debit card, which offers up to PS20 in cashback each month).
Trading 212 Platform Review – A Comprehensive Look at Features and Fees
The bottom line is that Trading 212 provides an excellent package of low-cost investing and trading features. It is regulated and trusted, with an extensive range of account options. Its focus on cost-effectiveness also makes it a safe choice, since it’s unlikely to significantly raise fees over the long term.
The only drawback is the fact that it doesn’t offer a SIPP, meaning you can’t benefit from tax relief on investment assets earmarked for retirement. Other than this, it’s a great option for investors of all levels of experience.