Here we will take a look at the variety of account types that Trading 212 makes available for you as a trader.
The Trading 212 demo account is your perfect place to begin trading with the broker, particularly if you are new to trading. This allows you to try trading with no risk at all through virtual funds, and with no obligation to make a real money deposit, yet you can see exactly how the broker functions.
Added bonuses of the Trading 212 demo account include the fact the account use is unlimited, can be switched to a real CFD or Invest account at any time, and you do not need to register to try it. This makes it completely accessible in the best way.
Trading 212 CFD Account
The Trading 212 CFD Account is the popular choice of many at the broker. This account features a minimum deposit of $10 or €10 making it perfect for low cost trading. While here, you will also have access to trading in more than 1,800 instruments. These include a wide range of forex, stocks, commodities, and indices.
The trading costs with this account type are kept as low as possible, and instant execution is available. The only downside here is that there is no Islamic trading account option made available.
Trading 212 Invest Account (ISA Account)
With an even lower minimum deposit of just $1 or €1, you can use the Trading 212 Invest Account to trade in more than 3,000 stocks from around the world, as well as many ETFs on as many as 7 different stock exchanges. This account is at the center of the huge popularity of the broker in Europe as they offer fast trading in real stocks, not CFDs, where you can also trade in fractional stocks.
Better still, and a huge driver of the popularity across the world, is that there are no commissions or fees attached with trading shares through this account type, and no conversion fee at all is applied. Since there are no rollover-fees charged, then an Islamic account here is not required and the account type should be compliant with Sharia law, though you should first verify this with the broker support team.
Trading 212 Islamic Account
Unfortunately, at the moment, there is no Trading 212 Islamic Account offered at the broker. These account types do not charge swap fees so that they can be compliant with Sharia laws for Islamic traders. There are many brokers that do offer these account types though, so if you do require an Islamic account, feel free to check out our article on the best swap free brokers around.
Trading 212 Professional Account
Trading 212 does offer a professional account to traders within the UK and EU. In order to be eligible for this account type though, you must meet at least two of the following requirements first:
- You must have made an average of 10 transactions of significant size per quarter in the past year
- You must possess a financial instrument portfolio of over €500,000 (in your bank bank or trading account)
- Have enough relevant experience in the financial services sector
If you do meet two of these criteria, then you will be able to access a range of benefits which includes access to higher leverage of as much as 300:1 in some markets.
Account Base Currency
When it comes to base currencies, two in the form of USD, and EUR are offered by the broker. If your deposit/withdrawal method matches one of these two, then you can save yourself from having to pay any kind of conversion fee on deposits and withdrawals with the broker.
Here is everything you will need to know when it comes to making a Trading 212 deposit, including the minimum deposit, and any fees you should be aware of.
Trading 212 Minimum deposit
The minimum deposit at the broker is kept very low. This currently stands at just $10 if you are using a Trading 212 CFD account, and $1 if you are using a Trading 212 invest account ($10 if you fund it by wire transfer.
All of the major Trading 212 deposit methods that you would expect are made available. This means you can deposit through bank transfer, credit/debit cards that are Visa or MasterCard, and eWallets that are Skrill or PayPal.
A wide range of other methods may be available depending on your location and these include, Dotpay, Giropay, Carte Bleue, Direct eBanking, Apple / Google Pay , and iDEAL.
All of the methods can typically take up to 10 minutes to complete, though this can vary and your first deposit may take as many as three business days.
Trading 212 deposits is usually free of any fees with the exception of if you are using wire transfer and your bank applies a fee, or you deposit a non base currency. This attracts a 0.5% fee.
Here is the complete lowdown on making a withdrawal at Trading 212 including all of the methods available, and any fees you may encounter.
Making a withdrawal from your Trading 212 account is not a difficult process. You will have access to all of the same withdrawal methods as you had for making your deposits. These methods can take up to 48 hours to process. You should note that you will have to withdraw at least $10 or €10 in case of a Trading 212 CFD account, and $1 or €1 for an Invest account.
Withdrawals with Trading 212 are typically free of any fees.
Spreads & Commissions
At Trading 212 you can find both fixed, and floating spreads available. Fixed spreads are available on mini-crypto markets, while all other assets, including standard crypto markets, operate with floating spreads. When it comes to trading in real stocks and ETFs, then the broker does not charge any fees if you are a Trading 212 Invest account holder.
Here is a sample of the minimum floating spread you can expect to find on some of the most traded assets with the broker.
- EUR/USD – 0.8 pips
- Gold – $0,25
- SPX500 – $0.50
- US Shares – $0,00
- Bitcoin – $35,0
Trading 212 Cryptocurrency fees
Also available at Trading 212 are fractional cryptocurrencies as CFDs. These fractions are in 1/10th values of the regular cryptocurrency and operate on a different spread basis. This asset charges a fixed spread while trading fractional cryptocurrency offers a floating spread. Here then, is another sample of some of the spread rates you can hope to find on both markets.
- Bitcoin – 3.5 (fixed), 35.0 (floating)
- Dash – 0.75 (fixed), 9.5 (floating)
- Ethereum – 0.19 (fixed), 1.0 (floating)
- Litecoin – 0.13 (fixed), 3.5 (floating)
- Monero – 0.2 (fixed), 2.0 (floating)
Here is a more detailed look at a couple of other fees that you may come across during your time at Trading 212.
If you are operating a Trading 212 CFD account, then an overnight fee will be charged. This is due each day at the closing time of the market and can be checked in your trading platform for the most accurate and up to date charges based on interest rates. These fees do not apply to real trading assets on your Invest account.
You will be glad to note that Trading 212 does not charge any inactivity fee. This is another area where the broker is positive for new and casual traders.