Trading 212 App Review: See If It's The Right App for You

Additionally, it offers zero-commission stock and ETF trading to its users.

Trading 212 app provides traders access to exchange-traded securities like fractional shares and CFDs on 29 commodities, 36 indices, 1536 shares, and 184 forex pairs.

In this article, we'll go into great detail on how to open an account on Trading 212 App, its pros and cons, and how its features benefit you as a trader. 

Key Features of Trading 212 App

1.   Negative Balance Protection

 One of the most prominent features of Trading 212 App is Negative Balance Protection. When you place a trade that does not meet the requirements, your account never falls below zero through no fault of your own.

This feature can decrease the loss on your profit when trades are placed that do not go as planned, making it one of the most powerful trading tools available to traders.

2.   Simple Interface

The Trading 212 app is designed to help you quickly access all your trading data in one place. The interface is simple and easy to use, making it ideal for traders of all skill levels. You can view your open positions from any device, including tablets and computers.

Advanced traders who want more options will also appreciate that they can set price alerts to notify them when specific prices have reached certain levels.

3.   Professional Assistance

The Trading 212 mobile app provides a world of educational materials and trading alerts to help you trade your way to financial independence. They aim to raise the bar on customer service with helpful video tutorials, educational materials, and educational programs to help users learn the traits of successful traders in the industry.

How to Open an Account on Trading 212 App

Trading 212 app's account opening procedure is entirely digital and only requires a few simple steps.

1. You must first create an account with the Trading 212 app by registering using your email address, nationality, birth date, and a few other details.
2. You may have to provide your bank statements, tax information, or tax ID.
3. You must select the base currency and an account type, such as an ISA, a CFD, or an investment account.
4. Trading 212 will question you about important things they want to keep in a database, like your financial situation and experience in trading.
5. You will then agree to the terms and conditions of the mobile app and validate your trading account with residency or identity documentation.

Creating and verifying an account could take two to three working days.

Pros and Cons of Trading 212 App

The Trading 212 Forex app offers traders some advantages:

• It gives users access to various asset classes without charging any fees.
• It benefits new traders who have only recently entered this market and are new to trading.
• You can get a free download of this straightforward and user-friendly mobile trading app from the app store on your device.
• No transaction fees on stocks
• You can wire CHF straight to your account
• Positive customer reviews
• Good technical security

There are, however, some issues that the app is yet to sort out, and they are:

• A small selection of ETFs to invest in
• Automatically loans your shares
• Exorbitant currency conversion charges
• Unavailable in the United States and Canada - so, if you are from North American you should look for some Trading 212 alternatives.

Conclusion

The Trading 212 Mobile App provides an accessible, secure and protected environment to interact with other traders. Traders can deposit funds and trade, earn revenues, and communicate freely with each other to build their knowledge in stock trading. If Trading 212 offered option trading, you could have had access to those instruments via the app as well.