The online brokerage firm Trading 212 requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with Trading 212 is $1, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet. It should be noted that the minimum deposit with Trading 212 may vary depending on the type of trading account chosen.
Trading 212 generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the Trading 212 minimum deposit?
The Trading 212 minimum deposit is $1 to open an Invest account and $10 to open a CFD account.
UK clients also have access with a minimum deposit as low as $1 to an ISA account.
Some fees may get charged to you on certain payment methods and if you exceed a set amount.
The Trading 212 minimum deposit features are listed in this table below:
| TRADING 212 DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| Invest Account | $1 minimum deposit |
| CFD Account | $10 minimum deposit |
| ISA Account | $1 (UK clients) minimum deposit |
| Deposit Fees | 0,7% |
| Withdrawal Fees | No |
| Base Currencies | EUR, GBP |
83% of retail CFD accounts lose money
The Trading212 account types guide has been written for you to find all you have to know about the broker’s account offering.
What are the Trading 212 account base currencies?
The Trading 212 account base currencies include EUR, GBP.
If your local currency is different, you will be charged a conversion fee for converting from that currency to any of the base currencies supported by Trading 212.
What are the Trading 212 funding and deposit methods?
The Trading 212 deposit methods features and fees are listed below.
- Wire Transfer: Wire transfer is one of the most widely accepted payment methods in the world. Trading 212 supports wire transfer payments, either for deposit or withdrawal. The processing time for wire transfers is around 7 business days.
- Credit/Debit Cards: Trading 212 also accepts major credit and debit card payments. Whether you have a MasterCard or Visa Card, this online broker has got you covered.
- eWallets: Trading 212 also supports PayPal. However, you will also need to check to confirm whether these payment processors are accepted in your region before making your deposit. Skrill originally was available for deposits, but now can be used only for withdrawals.
- Other Methods: Other payment methods based on your country of residence include Dotpay, Giropay, Carte Bleue, Direct eBanking, Sofort, Blik, Apple/Google Pay, and iDEAL. The deposit time on these methods can be as short as around 10 minutes. For your first deposit though, the processing time may be a little longer. It can take up to 3 business days for your first deposit to be processed.
Trading 212 Deposit Fees
Trading 212 doesn’t charge any fee to fund your trading account. However, there are two exceptions. The first being that if you are funding your account via Wire Transfer, your bank may charge a commission or fee for processing the transfer.
Secondly, if your local currency doesn’t match the base currency supported by Trading 212, the deposit may be charged a 0.5% (CFD Account) or 0.15% (Invest Account) currency conversion fee by the broker. You should always try to match your deposit and withdrawal currency to your base currency to avoid this.
Once you have reached the deposit amount of £2,000, a fee of 0,7% will be applied on Credit/Debit Card, Google Pay, Apple Pay, iDeal, DotPay, GiroPay, Blik and Sofort deposits. This only applies to the Invest Account with the broker.
Trading 212 Withdrawals
To withdraw your profits, submit a withdrawal request stating the amount you wish to withdraw. Withdrawals on the Trading 212 platform takes an average of 2 business days.
Furthermore, Trading 212 doesn’t support third-party withdrawal. This means your friends or family cannot withdraw on your behalf. The names on the receiving account must match with the names on the Trading 212 trading platform before your transaction can be processed.
What are the steps to fund your Trading 212 account?
Here, you will learn the steps to follow in order to fund your trading account. While Trading 212 does operate different trading accounts, the funding method is virtually the same.
1. Create a Trading 212 account:
A great place to start when getting off the ground with Trading 212 or any forex broker is a demo account. This can help you get to know both the industry and the broker. It is also free of charge and with no-risk to you at all since all trading is done with virtual funds. In order to open it, visit the Trading 212 website (83% of retail CFD accounts lose money).
2. Fund your Trading 212 account:
Once you have practiced forex trading with a demo account, you can then switch to a live account to start trading with real money. However, before you can proceed to make your first deposit, keep in mind the minimum deposit required for the account type you selected.
3. Verify the Trading 212 account:
When opening a live trading account for the first time you will also need to provide some basic documents like a proof of ID and address to verify your account. This can be done very quickly through the Trading 212 online verification process. Once verified you can then make your first deposit.
4. Wait for the Trading 212 approval:
Once your deposit has been processed you can then start trading forex, shares and all the other assets offered by Trading 212.
How does the Trading 212 minimum deposit compare with other major brokers?
The comparison between Trading 212’s minimum deposit and those of other brokers can be found in this table below:
Trading 212 is one of the best regulated brokers in the UK, but is it really one of the best brokers in the world according to our methodology? Here’s a comparison:
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.
| FeatureS | TRADING 212 | ETORO | FXPRO |
|---|---|---|---|
| Minimum Deposit | $1 | From $50 (depending on user region) | $100 |
| Deposit Bonus | No | No | No |
| Wire Transfer | Yes | Yes | Yes |
| Credit Card | Yes | Yes | Yes |
| PayPal | Yes | Yes | Yes (only EU) |
| Number of deposit methods | 10+ | 10 | 7 |
| Account currencies | EUR, GBP | USD | USD, EUR, GBP, CHF, PLN, AUD, JPY, ZAR |
Does Trading 212 offer deposit bonuses?
Trading 212 doesn’t offer deposit bonuses at the moment.