Trading 212 Review 2021

The British registration of Trading 212 speaks for itself. The broker is particular about verifying all application documents of the traders, and I was warned about it in the beginning. Taking into account that I got scammed in 2020 and lost almost $5,000, I did not want a repeat of that situation. I realized that thorough checking of documents is a normal practice for the respected brokers with a license
There are more benefits than drawbacks for me in working with Trading 212. Execution is on a high level, and I haven’t noticed any slippages. I even downloaded the mobile application to trade conveniently. All seems to be working fine, although I have seen that some people complain about it in reviews. I withdraw profit to a bank card and have no complaints about the timeframe for withdrawals. It would have been nice if the broker added access to cryptocurrency trading, as it is kinda relevant these days.

I started trading on the Trading 212 platform out of curiosity. I wanted to try trading stocks, but the majority of domestic brokers did not inspire trust. Many do not have even an offshore license. I spoke with an acquaintance of mine and it turned out that he had been working with Trading 212 for some time. He said the company had a British license, 10,000+ stocks and that it was even possible to trade stock splits without a commission. I read the reviews and there were negative ones, but not an overwhelming number of them.
In my case, I experienced an issue with funding the account. I got the impression that the broker suspects every trader of fraud or scams, thus requiring confirmation of the source of income. That, however, was only half of the problem, because later on, they refused to allow me to withdraw my profit! They claimed that my documents did not pass verification. Anyway, I decided to part ways with Trading 212. It didn’t work out with the broker, so I will be looking for a different one.

I began to trade with the broker in about October 2019. I didn’t know much at the time, such as what to look for in a broker. Now, however, I know I made the right choice with Trading 212. A good acquaintance of mine, who knows trading inside out, recommended the company to me.
The conditions here are average, but there are many perks, such as educational materials, a good level of support, and quick profit withdrawal. I would like for the broker to have some contests and tournaments among the traders. It’s the one thing that is missing for me. To be fair, I have considered other brokers, but the mediocre reputations of the candidates stopped me from going elsewhere. It is better to stay with a reliable company than to lose all your money on a scam.

The one thing lacking on Trading 212 for me was the cent account so that I could practice using minimum trading volumes. Well, it is possible to start with a demo account and test the platform and the conditions of the broker with no risks at all. The interface is not overloaded, I have not noticed any excessive features.
I liked the browser version of the platform. It operates like a clock. As for the mobile app, our relationship did not work out. Several times I stumbled on bugs and lost a couple of hundred dollars. Customer support considered my complaint but did not return the money. My verdict is: trade with Trading 212, but not via its mobile application. That incident is still raw. I hope the company listens to the opinions and requests of its customers.

Every user has their desires and requirements. Some need a low minimum deposit (here, it is only US$150), which is why even beginners can give it a try, while others require no deposit or withdrawal fees. For me, it was important that the broker pays, and not just make promises. There have been no issues with that; the company complies with the payment regulations. Sometimes, there may be delays due to the payment system itself. Once, it took three days for the withdrawal to Visa! The amount was big, so I almost turned gray from worry. Thankfully, it all worked out.

There are no issues regarding payments of profits on Trading 212. I’ve seen negative reviews with some users claiming they’ve had delays or rejections. Nothing of that kind ever happened to me. The most important thing is to provide all required documents for verification and pass verification successfully. The broker doesn’t offer a big choice of payment methods, but I managed to find a suitable option for the ones that are not available. The broker does not have PAMM investment, advisory management, or other interesting services for passive income, which is unfortunate. I thought I would be able to earn some good profits using the referral program, but that didn’t work. They offer good payments, but the conditions are too complicated.

Trading 212 positions itself as a well-promoted London company that deserves thousands of positive reviews. Based on my experience, it is quite standard for any broker to praise itself and try to stand out among its competitors. To be fair, this is not just another scam aimed at fleecing beginners. This broker failed me once. I remember that I sent an inquiry to customer support with an issue that I needed to be urgently solved (after all, they do promise 24/7 support). I had hoped they would help me. I waited for over a week and when I contacted them the second time and asked “WTF?”, I was told that they did not receive my first letter at all. How is that possible?