Trading 212 4+

Must read this...

Just want to let everyone know this really is a terrible platform, many many issues with it, their only half way decent part of the app is the invest.

Just to make everyone aware because they will not mention this to you, if you’re trading with leverage DO NOT USE this broker, I must warn you.

They will charge you 10% of your current position value PER WEEK in interest, which is literally a scam as they will not notify you or make you aware of this.

They also charge huge spreads in CFD like I’ve never witnessed before ever out of years of trading margin.

Up to $1+ spreads on even very small $20 stocks, which if you’re leveraging your positions, it completely beats the point of even using leverage as their 10% varies to your current position value they just simply take your money.

They also do not allow a free market and try to act as a financial adviser, and will not let you trade on a huge amount of companies and say it’s due to market volatility, so you will not be able to buy a good company if it goes on sale but you can buy at higher prices.

This broker also is involved in market manipulation and tries to protect big hedge fund managers by stopping millions of retail investors going against big hedge fund positions which is just capitalism at its finest, will not be involving myself with this brand.

Good app but real information missing

The app is good and the functionality is great to buy and sell stocks. However, even though they are zero commission per stock transaction they have spread in the prices. It is better to charge a monthly amount like 10€ and really have all transactions free after paying at the real price or to have a fix transaction cost (like 0.5€) per transaction but selling and buying prices to be real. Another thing that I would improve is the information per and post markets. The equity shown in your portfolio is the one for which the market closed or very similar until the market opens the next day. At that moment you can get a surprise unless you are following the prices in another app. Other thing that can be improved is the graph of your investment, it includes closing times and weekends in the short term. So you will see the fluctuations during the days and the a flat line for the closed period and then movement again, for me this would be better if shown as the share’s graphs.
These features are well done in Revolut. The problem with them is that they don’t have a lot of stocks available. That is another le advantage of trading 212.

Developer Response ,

Thank you for sharing your feedback. We value your thoughts and strive to provide you with the best customer experience possible. Please make sure to share your suggestions at feedback@trading212.com and we can assure you that they will be taken into consideration.

Best trading app out there

I have tried many trading platforms including etoro, revolut and countless others. Trading212 is by far the best platform, both for its commission free trades, extremely easy to use and user friendly interface and its customer support.

Would definitely recommend whether you are just starting out investing or you’ve been doing it for years it’s a great place to put your money.

Developer Response ,

Thank you for the lovely words - we'll be working to exceed your expectations even further looking forward! In the meantime feel free to let us know what features or instruments you'd like us to add to the platform via feedback@trading212.com.

We're always eager to hear more from you.