Day: June 6, 2024

Trading 212 ReviewTrading 212 Review

You can save up to PS20,000 in the 2023/2024 tax year with trading 212’s Cash ISA, allowing you to pay no UK taxes on profits or dividends. It also pays interest on your savings.

You get trading 212 is a to more than 13,000 global stocks and ETFs, with the ability to create your own portfolios (called ‘pies’) using any mix you want. These can be held in your ISA or outside of it. Trading 212 offers no account fees or commissions for this service, although there is a small FX fee to cover currency conversion charges when buying shares in non-UK markets.

Understanding Trading 212 ISA: Investing with Trading 212 ISA

In addition to a flexible ISA, trading 212 offers CFD accounts and an automated investment app called Plum which can help you build your portfolio based on your preferences. There are no account fees on either of these accounts, but there is a 0.5% FX charge on the CFD accounts.

Trading 212 is FCA-regulated, so your money is protected by the Financial Services Compensation Scheme in the event that the firm goes bust. However, remember that investments can go down as well as up, so you could lose some or all of your money. It’s important to consider your investment goals and risk appetite before investing with trading 212 or any other provider.