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This article is especially made for beginners. I will walk you through each and every information related to Trading 212 account types.
What is Trading 212 ?
Trading 212 is an online regulated broker. It is regulated by FCA, CySEC and FSC. It was established in 2004. They offer stocks, ETFs, Forex, CFDs, commodities and indices trading. Trading 212 gained popularity among all levels of traders due to its low commission fees. In fact, they don’t even charge for stock and ETF trading. Therefore, they have gained more than 1.5 million customers base. Trading 212 also provides a range of educational resources to help all traders. Trading 212 offers a mobile app and a web platform for trading and investing. These platforms are so simple and user-friendly.
Main Highlights of Trading 212 Broker
Region | London, UK |
Regulated By | FCA, CySEC and FSC |
Inactivity Fee | No |
Withdrawal fee | Zero |
Minimum Deposit | €1 or $1 |
Account Opening | Max 2 days |
Base Currency pairs | 8 |
Trading Products | Stock, ETFs, CFDs, Forex, Commodities, Indices |
Demo Account | Yes |
![Trading 212 all account types review 1 trading 212 account types](https://i0.wp.com/blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ9cZjLFKFnH5yBFrNkIKZvDEMf4T9SUqwivI1S6HjKngAwYp4ebUj06OTY2WRtBZaRpNEdxHM47hxxwR4envKCGqfLhh6W3CmZrbW_BkSOe0Fyh4Mv_pp-yP4kZ19KHwmnnTCIGPrL031a1DwGTBQA45eB3kH72gfiTkZQSJ_6T-BPyufRRL49mpL4N9-/s1280/trading-212-account-types.png?w=1290&ssl=1)
Trading 212 Account Types
Trading 212 offers mainly offer two types account. They are CFDs and Invest Account. In addition, Trading 212 offers ISA Account only for UK residence and Professional Account Only for pro traders. They also have demo account.
Trading 212 Invest account
Trading 212 Invest account is a stock investing account. Here, you can buy and sell real stocks and ETFs. They also have a fractional share-buying and zero commission option in this account. Also, you can trade different currencies, including GBP, EUR, USD, and PLN in this account. They also provide interest in the uninvested cash in your account. This account is suitable for those who want to invest for long-term growth. The account offers a variety of features and educational resources to help traders. However, it is necessary to remember that trading carries risk.
![Trading 212 all account types review 2 trading 212 investment account logo](https://i0.wp.com/blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuG9zRoaNuC1SHagEhdJL8SiaWZOclWzlpo39d4g3dzHfES_uHWeTRXTPZqO_t_UZQlZZajG2Fl97O2ZmUUwu61T5ii_CPWQFfm08b6ZdAXdiA-RI4pbATwOoEoP0HMWHu7q37sL4tRK4rvTVsKfuCUg5Auuc28tqcWBUdPKrkwmpbFe-rqj5GlcksxKYW/s1280/trading-212-investment-account-logo.png?w=1290&ssl=1)
Highlights of Trading 212 Invest Account
Trading Products | Real Stock and ETFs |
Commission | Zero |
Spread Charges | Yes |
Uninvested Cash Interset | GBP (1.65%) EURO (1.25%) USD (1.9%) |
FX fee | 0.15% |
Deposits via bank transfers | Zero |
Deposits via other option | Up to €2000/$2000 (free) After €2000/$2000 (0.7%) |
Minimum Deposit | €1 or $1 or £1 |
Minimum withdrawal | €1 or $1 or £1 |
Trading 212 CFDs account
Trading 212 CFD account is a CFD trading account. Here, you can trade stocks, ETFs, currency pairs, commodities and indices. CFD account also has zero commission free. But they charge different spreads on the basis of different instruments. You can also get different leverage depending on the trading instrument. This account also offers short-selling options. But it has an overnight holding fee. The trade’s direction and product determine whether the fee is positive or negative. You get a variety of features and educational resources in this account. It is crucial to understand the risks involved in CFD trading if you’re considering it.
![Trading 212 all account types review 3 trading 212 investment cfd logo](https://i0.wp.com/blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdn6M730pHPc4LhT9SXUfWr_DYqRmbqASSeR4ZKQg1WZx6oghuzt0LryIXk2pXBJjH8UwO7NzWsr9ztTelnjrUB5VVwD7th4gFo3Zzx4oRWezkrWedo6qDb7dTt2JWP-T8ekhIgJz_ALqwaI3nG544zPFJjTjccG9gKSg3OImQu7N3Tas5VDDICTpkfhdk/s1280/trading-212-investment-cfd-logo.png?w=1290&ssl=1)
Highlights of Trading 212 CFDs Account
Trading Products | CFDs, Commodities, Indices |
Commission | Zero |
Spread Charges | Yes |
FX fee | 0.5% |
Overnight holding fee | Yes |
Deposits Fee | Zero |
Minimum Deposit | €10 or $10 |
Minimum withdrawal | €10 or $10 |
Leverage | Min (1:5) Max (1:30) |
Trading 212 ISA account
Trading 212 ISA account is a tax-free savings or investing account. ISA account is only available for UK residents. You can open a Trading 212 ISA account, even after you used up your ISA allowance for the current tax year. In the 2022-23 tax year, you can get an ISA allowance of up to £20,000. In the Trading 212 ISA account, you can trade stocks and ETFs from over 12,000 global markets. The account also has a zero-commission fees option. Overall, the Trading 212 ISA account is an excellent option for UK residents. Here, you can put your ISA allowance to work and maximise your returns.
![Trading 212 all account types review 4 trading 212 isa account logo](https://i0.wp.com/blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjewXkabidcvybMXCjyUyQoQLVYumcQChhScRwx0Yp05XhlU_xTeRgilBApki2HBuUrkeUPKkIjdy1vB_WZi11hVXgzk-TcCx4q2OB2xcSGeMC2WMc1-T0kfBvF_K0Ge3q7ctb1DWdFKmz8TRlZJ923GMjLu7lRWoUhLsWcBHnVYkYYCpKOu2k65obL0nKp/s1280/trading-212-isa-account-logo.png?w=1290&ssl=1)
Highlights of Trading 212 ISA Account
Trading Products | Real Stock and ETFs |
Commission | Zero |
Spread Charges | Yes |
FX fee | 0.15% |
Deposits via bank transfers | Zero |
Deposits via other option | Up to £2000 (free) After £2000 (0.7%) |
Minimum Deposit | £1 |
Minimum withdrawal | £1 |
Trading 212 Invest vs CFD Account
Invest Account | CFD Account |
---|---|
Invest Account focuses on stocks, ETFs, and fractional shares. | CFD Account focuses on cfds trading. (currency pairs, indices, commodities, Stocks and ETFs) |
Invest Account is a investing account. | CFD Account is a trading account. |
Invest Account does not have the leverage option. | CFD Account has a leverage option. |
Invest Account does not have a short-selling option. | CFD Account provide short-selling option. |
Invest Account has a deposit fee of 0.7% after exceeding €2000. | CFD Account does not have a deposit fees. |
Trading 212 ISA vs Invest Account
ISA Account | Invest Account |
---|---|
ISA accounts focus on stocks, bonds, cash, and funds. | Invest Account focuses on stocks, ETFs, and fractional shares. |
ISA Account provide tax benefits. | Invest Account doesn’t provide tax benefits. |
ISA Account can only open by UK residential. | Every one can open Invest Account. |
ISA accounts have a contribution limits. Exceeding the limit may result in tax implications. | Invest Account does not have contribution limits. |
It has limitation on withdrawal options. | It has greater flexibility in withdrawal option. |
This account beneficial for tax efficiency and long-term savings. | This account is beneficial for Stock Market Investment. |
How to withdraw money from Trading 212 account
- Click on three bars at the bottom of your app. Or click on your email address in the top right corner.
- Now click on manage funds.
- Then click on withdrawal funds
- Now confirm your password.
- Now type your amount.
- Select the payment method and confirm the withdrawal.
The money will be transfer to your account within 3 business days. But in paypal you can get the money with in 10-15 minutes.
How to open a trading 212 account
- First,visit the Trading 212 website. Locate the “Open Account” button on the website and click on it to start the registration process.
- After that,select your account type. Choose between an Invest, CFD and ISA account. After selecting, give your email address and password. After that click on the continue option.
- Now click on set up Account. Here, you have to give Your personal details such as where you pay the text, nationality, annual income, residential address and your financial knowledge. Also, you have to accept “Terms and Condition” of Trading 212 broker.
- Now click On Ientity Verification. Here you can verify your identity through Passport, Driver License and Residence permit.
You can also get free share, if you complete the process within 10 days.
How to close your Trading 212 Account
Trading 212 Account closing process for mobile application:
- Tap on three lines at the bottom of your right corner.
- Now tap on settings.
- Then tap on account details right at the top.
- Now tap close account at the bottom of the app.
- Now tap confirm account closure.
Trading 212 Account closing process for Web app
- Click on your email address in the top right corner.
- Now, click on the Setting option.
- Then click on the account details option
- Now click on the close account.
You should exit your position and sell your existing shares before closing your account. Also you should withdraw the remaining balance. If it is less than the minimum withdrawal amount, you can contact with Trading 212.
Conclusion
Trading 212 offers three different account types to cater to the different traders. The Invest account is a superb choice for beginners to trade in stock and ETFs. The CFD account is an excellent option for expert traders. The ISA account is excellent for tax-free investment. No matter which accounts you choose, Trading 212 offers a variety of features. If you’re looking for a reliable and affordable trading platform, Trading 212 is a great option. Choose the account type that best suits your needs and start investing today.
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Disclaimer: All the information provide on this article only for educational purposes. We don’t guarantee every information provide in this article will be true or right. Please do your own research or consult financial advisor before taking financial decision.