What Are the Different Trading 212 Account Types?
Trading 212 allows users to invest in shares, exchange-traded funds (ETFs), contracts for difference and ISAs. It also offers a free-to-use demo account with PS50,000 practice credits.
To open an trading 212 account types you will need to provide your name, address, national tax number and proof of identity documents. You can open the CFD, Invest and ISA accounts online or via its smartphone app.
The company earns revenue by generating commissions from each trade. This is achieved by varying the price spread on each asset. The spread is the difference between the highest or ‘offer’ price to buy an asset, and the lowest or ‘bid’ price to sell it. In addition, the company has a negative balance protection feature that safeguards traders against losses exceeding their account balance.
Smartphone to Wealth: A Guide to Profitable Investing in App-driven Markets
The platform supports multiple base currencies and provides access to major stock markets globally. The site also has clear policies regarding points, transactions and exceptions. Traders are also provided with real-time quotes and are offered various chart types to study market behavior and find profitable trading opportunities. The broker also offers a mobile app and features tutorials, market insights, risers and fallers updates and more. In addition, the site has a YouTube channel with useful videos and tips. Its customer support is available around the clock, in several languages. The average response time is 29 seconds. Customers can also contact the team through email and live chat.