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Introduction to Trading 212 review:
Are you also scared to enter the financial industry because of all the scams that you have heard of? We know that feeling but the financial industry is not entirely a scam. Even though many scam brokers are lurking around, regulated and legitimate brokerage firms are also present in the industry that can help you earn a good passive income. While we help you in identifying the scam brokers in the market, we will also be helping you find some reliable and legitimate brokerage firms. In this review, we will be analyzing Trading 212. Trading 212 is a CFD brokerage firm that functions globally. Founded in 2004, the company has almost 17 years of experience in the market. Read Trading 212 review to know more about this broker.
About Trading 212:
Is Trading 212 regulated by any of the regulators?
Trading 212 claims to be regulated by various top-tier regulations on their website. After a thorough investigation and cross-checking with the regulations, we were glad to know that Trading 212 is actually regulated by not one or two but three different regulations from around the world. Trading 212 has a license from the FCA, CySEC, and Regulation of Bulgaria. The first green signal for any brokerage firm is the fact that it is regulated. This gives us the first green flag in this Trading 212 review.
What is the minimum deposit demanded by Trading 212?
Trading 212 demands a minimum deposit of $1 from their customers. You must know that minimum deposits are always asked in very small amounts as advised by the regulators. If it were a scam broker, the minimum deposit would have been as high as $1000. As Trading 212 only asks for a nominal fee of $1, this gives us yet another green flag in this Trading 212 review.
Do Trading 212 provide a demo account for their customers?
Yes, Trading 212 offers a free demo account to the customers who want to try out the features before making a full-fledged account and investing their money in it.
Is there a withdrawal fee for Trading 212?
No, Trading 212 does not charge any kind of withdrawal fee from their customers while they try to retrieve the amount in their accounts. This gives us yet another green flag in this Trading 212 review.
What is the leverage offered by Trading 212?
As high leverages produce unnecessary risks, Trading 212 intends to keep its customers safe by offering nominal leverage of 1:30. This not only reduces the risk of the customer losing the trade but also prevents them from falling into a debt trap.
Conclusion: Is Trading 212 a scam or legit?
To conclude, we can safely say that Trading 212 is a legit brokerage firm in all its senses. If you want to try trading and investing, Trading 212 is a great firm to start with as it is regulated by one of the top-tier regulations around the world, FCA.