- You are looking for a trustworthy, cheap and easy to use trading app?
- You are overwhelmed by the huge amount of different commercial of these firms?
- You are trading already and you are just interested to see a alternative trading platform?
- You are new to trading and want to start over?
I got you!
I have been using TRADING 212 for the last three years now and would like to give you all a small review and report about my experiences with this so called neo trading platform.
DISCLAIMER:
I am not sponsored by Trading 212 or any other trading company out there. This article is meant to discribe my own experience. Nothing here is financial advice. As a member of the App I can participate on their office referral program, which would benefit both of us with a random stock worth up to 100 Dollars. The App is free to use and trading fees are very reasonable. If you are interested already, click here :
https://www.trading212.com/invite/HElCPsgR
NOTE: The only way of getting a free stock is using a referral link for your registration. After you are registered you can redeem your own code and invite friends by yourself.
Let's Beginn:
WHAT IS TRADING 212:
TRADING212 is a fintech company that tries to democratises the financial markets with free, smart and easy to use apps to enable everyone to trade from your sofa at home. They offer more then 8500 different stocks and a lot of ETFs to buy. You can buy stocks, short stocks and invest into a investment plan, which you can either create by yourself or just copy from others, using the integrated community feature of the app. This is not mandatory but delivers a good help, especially for inexperienced trader.
COSTS/RISKS:
The obvious first. As you are investing on the stock market, you can loose your money, like always.
Besides that: transferring up to 2000 dollars to your account is free of charge, if you transfer more, it will cost you 0.7 percent.
You can also leverage and short stocks, which I would not recommend for inexperienced trader anyway.
WHAT I LIKE:
You can make investing plans and buy small portions of stocks. Perfect for starters with small budgets like I was and still am ;)
The App design is more intuitive then anything else on the market
The costs are easy to overlook and very reasonable
The team responds fast if you have a problem of urgent questions.
You can create endless watchlists.
You have access to the CFD market
ETFs are available, too.
Trades are usually done very fast
You can place trades to a certain day or stock price
WHAT I DONT LIKE:
Investing in to small and very volatile company's, sometimes takes a while. I think this is because of difficulties to aquire them if there are not many outstanding shares on the market.
It happens in very rare occasions and It could be because of my phone, too. But I had the app crashing a few times during the last year's. More often then other apps. But just closing and opening again solves it.
IF you are interested to try it out for completely free ( Its staying free anyway and it's no trial), feel free to reward both of us with a FREE STOCK worth up to 100 Dollar with this link:
https://www.trading212.com/invite/HElCPsgR
You will be able to connect to my own baskets, too and to follow my portfolio.
Did I miss anything? What did you like about my article?
Comment below!
Have a good day folks.I'll see you around:)