Making Money On Trading 212 – I’m Sammy, a money expert and business owner who loves helping you manage your wallet. My mission with Up the Gains is to create a safe space to help you improve your finances, reduce your expenses and feel good about yourself.
I have personally been using Trading 212 for over a year and I honestly believe it is one of the best investment apps on the market right now.
Making Money On Trading 212
It’s user-friendly, offers commission-free trading, has a stocks and shares ISA, can trade in multiple currencies and has a wide range of investment options.
How To Make Money On Trading 212
For me, it’s the features that make a fantastic trading platform, and in this Trading 212 review, we break down everything you need to know to make your decision.
Our offer – Get up to £100 worth of free shares when you deposit £1 through our link
To make this a fair review – I tested the whole app for 12 months, so it shows the good, the bad and the ugly (although there isn’t much to dislike).
For me, the best thing about Trading 212 was that the user experience was the same on both the mobile platform and the online trading platform.
Trading 212 Deposit: Minimum, Methods And Fees (2024)
I gave Trading 212 a 4.6/5 using our six-pillar rating system that I use to test all investment apps.
Personally, I would like to see an improvement in their academy, which is not behind eToro, and also in their research, which looks at more analysis options and articles about the exchange.
That being said, I found that they have extensive training videos and still provide enough for beginners to learn how to invest.
I think Trading 212 is a great choice for beginners. Creating an easy-to-use and fast launch platform requires a lot of work.
How Are We Suppose To Make Any Money?
They have also developed several support videos and tutorials, and a demo account is available for those who are unsure about investing their cash.
I used my girlfriend as a test drive for testing. He had no experience in trading or investing and only said that he also understood how to buy and sell stocks.
The app was very easy to navigate and loved how you can see your entire portfolio with one click.
His sole purpose was to understand how a CFD account compares to an investment account – which we will explain in more detail later.
Trading 212 Review: Pros, Cons And Fees For 2024
In a nutshell, Trading 212 was originally a Bulgarian company founded in 2005. It first entered the UK in 2016 and has since grown tremendously with over 350,000 platform users in the UK.
The management team started with the original founders (which is a good sign for me) Ivan Ashminov and Borisov Nedyalkov, expanded with the widely known Mukid Chaudhary as CEO.
Originally just a forex broker with retail CFD accounts, Trading212 has evolved into the multi-asset trading platform it is today.
Trading 212 has three main types of investment accounts. This keeps things organized and easy to use.
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When you go to the top of the app, you can switch between them in less than a second, which I love.
Opening an account took less than 2 minutes, you provide your basic information and national insurance, then you can deposit money and start trading right away.
A 212 Business Investment Account is basically what we know in the UK as a GIA or General Investment Account.
You can choose from over 10,000 stocks and ETFs on the platform, with a minimum investment size of £1, which is also the minimum deposit amount.
Trading 212 4% On Uninvested Cash
The great thing about this account is that you can trade for free as long as you don’t trade in another country’s currency, in which case you will be charged a small 0.15% currency conversion fee (much less than 0.5% on eToro).
However, you will be subject to capital gains tax on any profits over £6,000 from this account in the tax year, so if you don’t already have an ISA provider, start with an ISA 1 account, max out your limit there and then switch to GIA.
I always like to use GIA 1st and play around a bit to see if I like it.
Get up to £100 worth of free shares when you deposit £1 using code ‘Gains’ or visit Trading212 here.
Trading 212 Review: Step By Step Guide
The Trading 212 ISA has to be one of the best DIY options on the market right now.
You can donate up to £20,000 each tax year and all profits, interest and dividends are free from capital gains tax.
As with the investment account, you can trade for free, but again there is a small 0.15% currency conversion fee to counter buying US stocks from the UK.
I really like how quick and easy it is to use. I also use the Trading 212 Pi feature a lot, which is basically creating your own pool.
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You can choose several accessories, for example I have 3 pies. One is technology focused companies, one is in the UK and one is green energy.
You can set your allocation through the company so that it can be done at any percentage as long as it is 100%. A great feature in my opinion.
You also earn interest on uninvested money, so even if you deposit and decide not to invest, the money can still earn you interest.
Trading 212 offers CFD accounts for more advanced and experienced investors. In short, they bet on whether fortunes will rise or fall.
How Much Have You Invested?
You can also bet on the direction of a particular commodity, currency or even a commodity such as a stock, but this is a high-risk strategy and requires skill.
Trading 212 is a CFD warning that 78% of investors lose money trading CFDs, so be careful with this type of account.
As with other accounts, trading in other currencies is subject to a 0.5% fee, also known as a spread, which is the difference between buying and selling (bid or selling) between currency pairs.
A demo account or practice account as it is known at Trading 212 is a great feature for those who want to test the platform or really test their investment strategies.
Trading 212 Review: Read This Before You Start
You get £5,000 in advance money to work with and can use the platform as an investment or ISA account.
Getting to the main menu is very easy, just scroll down and look for the words “Switch to Practice” below.
Trading 212 Pro is intended for experienced investors looking for additional features for Forex trading. You need an account of 500,000 euros and you have worked in the financial industry for at least a year.
The upgrade is completely free, but please note that this account option is not intended for new retail investor accounts – you need experience using a professional account.
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Trading 212’s investment options are here. They have over 10,000 different assets around the world, including stocks and shares, ETFs, mutual funds, commodities, currencies and more.
Stocks and shares from the UK’s London Stock Exchange, New York Stock Exchange, and European and Asian markets are featured.
Although they lack mutual fund options, but for me that is not a solution unless you are specifically a mutual fund investor.
After using the app for over a year, I never found what I wanted and invest in some obscure US fintech brands.
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This means that the US market normally closes at 9.30pm UK time, but extended trading hours give you access to US pre-market and after-hours sessions. This gives you an extra 9 hours 30 minutes of trading time!
Get up to £100 worth of free shares when you deposit £1 using code ‘Gains’ or visit Trading212 here.
Trading 212 also has a social feed that I liken to a cross between Facebook and Twitter.
This is a great addition for me if you are interested in interacting with investors on the platform and sharing strategies or tips or really picking up.
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If you create a public profile, you can post your own opinions (don’t worry about them not seeing your portfolio) and interact with other posts via comments.
Secondly, there are over 100 community forum options from dividends, news, memes, HMRC, pie discussions and more. Each community has its own feed and people can post, interact or just read the conversation.
One of my favorite features of the app is the pie section. In the image below I have created a few options so you can imagine how they work.
It’s honestly pretty easy, find the stocks you want to add, choose their allocation from that pie, name them all and then you can automatically invest in the pie every month like an ETF.
How To Create A Pie?
It’s like creating your own fund, which I think is a great idea. You can also see strangers
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