Investor Centre is one of the new breed of online investment platforms that offer commission-free stock and ETF trading. This is a big draw for beginner investors who can save money on dealing charges and also allows them to invest smaller amounts, without the fees swallowing up their investment returns.
Another selling point for Trading 212 is its range of educational materials, which is geared towards beginners. This includes helpful articles and videos that explain the benefits of different strategies and investing styles. Additionally, the platform’s Pies and AutoInvest features allow for simple portfolio building and automated investing, which can make it easier to diversify a portfolio.
In-Depth Trading 212 Review: Is It the Right Platform for You
However, advanced traders might be disappointed with the platform’s lack of advanced tools and a comprehensive selection of asset classes. This includes an absence of margin loans, options and US ETFs, which may be a turnoff for more experienced traders who need these tools to refine their trading strategy.
In terms of fees, the firm charges a flat 0.5% currency conversion fee on foreign trades in CFD accounts. They also charge a variable spread, which is the difference between the high or ‘bid’ price for someone to buy an instrument and the low or ‘ask’ price for someone to sell it. This is a common practice for CFD brokers and isn’t unique to Trading 212. In addition, the platform’s mobile app offers a number of technical indicators and drawing tools that can help traders understand market movements.