Is Trading 212 Good For Beginners?
Trading 212 offers a great range of investments and the app is well designed. However, beginners will find that there are a lot of details they don’t need to see when it comes to choosing their shares or ETFs and this can make the platform feel more complicated than it needs to be. This is a common problem with many investing apps. Is Trading 212 Good for Beginners?
Its low fees are also impressive. The platform charges no deposit or withdrawal fees for any account type, including the Stocks and Shares ISA. The minimum deposits are very affordable – it’s free to pay in with a bank transfer or via card (Apple/Google Pay), with the first PS2,000 deposited for free regardless of what payment method you use.
Is Trading 212 Good for Beginners? A Complete Guide
Moreover, it has some of the best interest rates for cash in the industry. This is thanks to the fact that it’s one of the few platforms to offer flexible ISAs, meaning you can move money between your different accounts and withdraw funds without it impacting the annual allowance limit.
The range of investments is also decent, although not the biggest. You can trade stocks and shares, exchange-traded funds, indices (such as whole stock exchanges), commodities (such as gold or oil), and currencies. Trading 212 doesn’t support crypto, though, which can be a drawback for some users. Lastly, the site’s news tab and social media section provide valuable educational resources for beginner investors.