Trading 212 Trading Review is one of a new breed of brokers that have come onto the market to offer commission-free stock and ETF dealing. This makes it easier to start investing in small amounts without the deals getting swallowed up by charges. Other features include the ability to buy fractional shares and an ISA which means you can invest tax-free. It also offers CFD trading although you should always consider this a risky investment and is best avoided by beginners.
The website and app are easy to navigate and you can open an account by entering your personal details, uploading proof of ID and completing a questionnaire about your financial experience. Opening an account usually takes about one day and you can start trading once all the details have been verified. The platform is available on desktop or mobile phone and has been designed with beginners in mind, with the option to set up a ‘watch list’ of symbols you are interested in.
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Trader212 offers a wide range of technical analysis tools which can help you identify trends and patterns. Charting is easy and intuitive with the ability to create a template for your preferred chart settings which can be applied to all charts. You can also use indicators and drawing tools to make trades. You can choose from a variety of order types, including good-till-date and automatic stop loss orders. In addition, you can earn interest on your uninvested cash balance and benefit from a multi-currency account, allowing you to reduce the cost of foreign transactions.