Trading 212 is a leading online broker offering top-notch financial services to a wide range of forex traders. In case you’ve not heard or used Trading 212 to access the forex market, you can read our trading 212 review to become familiar with their operations, account types, deposit/withdrawal options, and training platforms.
If you have a trading account with Trading 212 and you no longer want to use the broker, you can close your account before moving on. In this post, we will walk you through how to delete a Trading 212 account. Then let’s get started.
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Last chance with Trading 212 before cancelling the Account
Before you close your trading account with Trading 212, you should read through this section for the last time. Trading 212 offers both real stocks and CFDs accounts. If you live in the UK, you can open an ISA account. This account type is tax-free.
If you have more than one account, you can delete one for the other. Each of the accounts comes with unique features. You can read through our dedicated post on Trading 212 account types. Here, you will get the full details about each account and what you need to open any of the accounts.
If you still insist that you want to close your account with Trading 212, then read on to figure out the process of account closure.
How to Delete your Trading 212 Account? Step by Step
The first step to closing your trading account with Trading 212 is to send a closure request to the customer service team. When making your account closure request, ensure you clearly specify your email address and the reason why you want to opt out of Trading 212. Additionally, try and describe your claims in plain terms. If possible, you can attach a file to further support your claims.
However, before you submit the account closure request, you need to close all your open positions and also withdraw all your earnings. In fact, before you hit the “account closure” button, the balance on your wallet should be zero.
If you forget to withdraw all your balance, Trading 212 will refund you the exact amount via the same payment method that you used to make deposits on the website. Once you have cleared your balance, you can then proceed to submit your account closure request.
Upon receiving your request, the team at Trading 212 will immediately close your account. Since Trading 212 does not charge traders for leaving their accounts inactive for a long time, you can take your time to think through your reasons for closing your trading account.
The Bottom Line – Trading 212 Alternatives
Trading 212 is a leader when it comes to financial markets. They boast of more than 1.4 million clients and over 600k daily trades. If you no longer enjoy the financial services of Trading 212, you can read through our Trading 212 alternatives to browse through our list of alternative brokers.
Aside from Trading 212, other good brokers you may consider include eToro, Degiro, and Admiral Markets. These three brokers also offer CFD and real assets to their clients.
Find time to peruse each of these Trading 212 alternatives so that you can make informed decisions.
How can you close a Trading 212 Account?
Closing your trading account with Trading 212 is a simple and straightforward process. To close your account, kindly send a closure request to the team at Trading 212. The team will do justice to your request. However, before you send your request, ensure you close all your open positions and withdraw all your earnings.
You can now see that closing your trading account with Trading 212 is not a complex process. We suggest you think through your reasons for closing your account with Trading 212.
To help you make an informed decision, you can read through our trading 212 review. The review touched areas like account types, Trading 212 regulations, and trading platforms.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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