Trading 212 Forex Spreads Review: Types and Characteristics (2023)
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Spreads can be quite confusing when you first hear about them, because each platform has their own spreads so it is difficult to know what’s what.
In this review we will discuss forex spreads on the Trading 212 platform.
Trading 212 Forex Spread
On Trading 212 forex spreads start from 0.8 pips, however the averages are slightly higher compared to others. For example, on EURUSD the spread is 1.2 pips and on GBPUSD the spread is 2 pips and on EURGBP the spread is 1.2 pips. Other platforms will have their own spread set on all forex pairs but the most common and popular forex pairs will tend to have smaller spreads.
Trading 212 Forex Spread Comparison
The spread on Trading 212 is an average within the industry and there might be better alternative brokers such as Pepperstone, IC Markets and much more that offer forex trading with spreads starting from 0 pips.
| Features | Trading 212 | Pepperstone | IC Markets |
|---|---|---|---|
| Min deposit | $10 | $1 | $1 |
| Forex spread from | 0,8 pips | 0 pip | 0 pip |
| Forex pairs | 180+ | 100+ | 60+ |
| Visit Trading 212 | Visit Pepperstone | Visit IC Markets |
Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Forex Trading with Trading 212: Is it worth it?
When it comes to forex trading, Trading 212 may not be the best broker, since forex spreads are not too high but not too low either. They are in line with the industry average when it comes to forex spreads.
For forex trading, Trading 212 offers 2 different account types, such as an invest account where you can trade stocks and ETFs. There is also a CFD account where you can trade contracts for differences for several asset classes. With this type of account you can trade forex pairs, commodities, indices, stocks and ETFs.
Also, there is a minimum deposit threshold of $10 in order to open an account you must deposit the minimum amount. Although I have listed some account types and their features, there are better alternatives.
Trading 212 Spread for other CFDs
The Trading 212 platform lets you diversify your investment portfolio with stocks, ETFs, indices and commodities.
Commodities CFD
On Trading 212 the only commodities that are available are gold and silver and can be traded against the USD, AUD, CHF, EUR, GBP and TRY, with spreads starting at 0.25 on gold.
Indices CFD
You will have access to 19 indices from around the world with spreads starting at 0.50 for major indices.
Stocks CFD
You have access to over 1800 stocks across 7 different exchanges, all with fractional shares allowed starting at $1. Unlike the previous CFDs these spreads are charges, and there are less assets available than with an invest account.
ETFs CFD
With ETFs CFDs you have access to 40 ETFs across 7 different exchanges, also with spreads being charged and less assets available than with an invest account.
Alternative to CFD trading: Trading 212 Invest
The Trading 212 platform as a whole lets you trade stocks and ETFs with zero commissions. If this sounds like something you might be interested in, then you might want to read our Trading 212 Invest review, as real assets are traded under this account type.
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