Trading 212 Review 2021
Foundation Year : 2006
When a user tries to at the home page of the scam broker for information, the broker feeds it confusion. The user tries to look at what the broker has to offer in terms of account types. Instead, they are redirected to links where the broker ensures that the trader knows about the account types it offers, but does not provide any such information on any the redirected pages. It looks like Tradind 212 is trying to tell that it offers an investing account and a CFD account. It nowhere states the same, we are just assuming.
Instead, the scam broker shows its CFD tradable assets and the stocks it offers but yet again, fails to mention what type of account is present via which, these can be traded.
Apart from this, the whole website looks like a failed attempt to lure in the novice broker and also, it looks like the website is an all advert based. Meaning, that it wants to earn through the advertisements. The website lags unnecessarily when there is a little too much use of it. Searching for an instrument for example.
Tradind 212: Tradable instruments:
The broker claims to offer numerous tradable instruments and again, does not clearly mention that what are the tradable assets and what leverage it offers on them. None of the redirected pages had a word that spells leverage. Leverage can be dangerous, but also it is of utter importance for a novice to know that what are the options he or she is looking at while trading.
Apart from that, the broker does not offer cryptocurrency trading. This is a volatile market and provides a good profit opportunity.
The broker also fails to mention what kind of fee is associated with what instrument. The only thing that is clearly mentioned is CFD trading and Stock trading. Nothing other than that makes any sense on the broker’s website. Not that these two sections make any sense, but we could join some pieces and tell what the scam broker is trying t say.
Tradind 212: Trading Platforms:
The broker bluntly promotes its application as the primary trading platform and does not mention anywhere about MetaTrader or any other reliable trading platform for that fact. While trading with better platforms, the data is secure and everything that the trader has, is stored in the servers of the platform, that too for a minimal amount of time. The broker Trading212 daunts its own application as the trading platform, meaning that the broker has access to everything a trader has. The bank accounts, balance information and a lot of different passwords.
Education and research material:
The broker claims that it provides a lot of information that is trading based but fails to provide any facts for backing the claim.
The education material is restricted to video-only access. The broker does not provide any E-books or any article that even closely resembles trading anywhere.
It looks like the broker is only giving out its content just because there has to be some content. Trading 212 does not provide any relevant article or trading news that can benefit a trader anywhere. The technical analysis is restricted to Fibonacci retracement and Elliot bands, that’s it. There is nothing else that a trader can look for as far as the broker is concerned.
It should be kept in mind that there are a lot of other trading strategies that the broker does not provide as a readable material on its website. The technical indicators like MACD and Bollinger bands are game-changers when it comes to profitable trades on a technical basis.
There is no information at all from the broker’s end that provides what kind of leverage it is providing. There are strict rules by the Europian union that allows the user to profit leverage as a tradable instrument. It is very important that a trader makes a weekly trade that is leveraged. Otherwise, such a brilliant trading instrument can go in vain and the trader is not exposed to the opportunities that the market is ready to give out.
Tradind 212: Deposits and Withdrawals:
Again, the broker provides no information at all about its deposit and withdrawal options. At the end scroll of the page, however, the broker has mentioned some things like visa, MasterCard or skrill etc. These are not categorised and the broker nowhere says which one is the withdrawal option and which one is the deposit option. Since the broker is scam enough to not let its traders know their deposit and withdrawal rights, we are not sure that the trader is exempted from any fees related to such transactions.
We cannot be sure about anything about this broker. Nowhere has it mentioned what leverage it provides. No account types are mentioned, no leverage is mentioned. The broker looks like a dummy broker with the fact that itis already a scam broker.
There is no customer support hat the broker provides. There is, however, a help centre that the broker claims. That too has nothing to do with the actual customer support. From the help centre, The broker again wants the visitor to be converted into a lead. It asks for a form submission. This is the palace where the trader comes because he or she has some problem and even here, the broker asks for a form submission. This is more than scam practices, this is utter and clear exploitation.
Tradind 212: Scam or safe?:
The broker is a complete scam and should not be trusted at all with the money. There is enormous information that the broker hides and there is also a lot of wrong information that the broker highlights, The novice should not fall prey to any such thing because these are all scam practices. Imagine what would a broker do with your money if it is not even telling simple things like deposit and withdrawal options and leverage
The broker Tradind 212 is a complete scam and is a pathetic excuse for a legit broker. We have time and again mentioned this, the broker hides a lot of information, there is no info regarding how to deposit funds, how to withdraw them. The broker refuses to provide other important thighs like leverage. Does not provide crypto trading, despite the fact that it claims that it provides crypto trading.
We recommended our traders to move their financials to other reliable brokers like HFTrading, ROinvesting, GlobalTradeATF to name a few. These brokers have been in the market for a very long time and have provided the traders with a seamless trading experience
Frequently asked questions
Can I lose my money while trading with Trading 212?
Haven’t you already? If not, then we suggest that you move your financials elsewhere.
Where else can I trade?
The trader has a lot of options to choose from legitimate brokers like GlobalTradeATF, HFTrading, ROInvesting etc. These brokers have been in the market for a very long time and hence can be of great use to a trader.
What else to look out for, other than a scam broker?
Apart from a scam broker, look out for brokers who are hiding things from you. This broker also does not share a lot of information including crucial facts like the registration number of the firm or the regulatory body that governs the trades.
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