Trading 212 what do you think?

Investing / Brokers
1

Hey,

I was looking around and noticed that Trading 212 charges no commission on ETF purchases.

They don’t offer VT, but compared to Saxo Bank (which I currently use), I don’t really see any downside to buying through Trading 212.

There is a 0.15% FX fee, which is actually better than Saxo.

As far as I know, the platform isn’t FINMA-regulated, but you can transfer your portfolio to another broker for free.

What do you think about this?

My idea was to trade WEBG there with zero commission, and then once a year transfer it to Saxo, which is FINMA-regulated.

2

I looked at it few years ago. It had a very cheap appearance, and the transfer out of securities was not possible then.

If you are OK with a non-Swiss broker, why not IB?

1 Like
3

I am not familiar with Trading 212, but according to various sources, security lending is enabled by default. I would at least consider disabling it, as it exposes you to additional risk.

For comparison: IBKR and Saxo have disabled this feature by default.

(I am not against security landing, but as always: you should understand the risks.)

4

Pretty popular in Greece for those not under the Freedom24 spell. Supposed to be quite user-friendly.

5

Have heard of them some years ago. Impression matched yours. Checked their homepage right now, and it still seems to have a quite different target group than IB.

Based on their numbers they highlight there (besides all the popular stocks you could trade immediately), they have more customers than IB, but a much lower invested assets.
Which fits that impression.

6

Because for what i do and the low amount i invest, it is actually cheaper than IB

For what i saw Trading 212 is like the most recommanded beginner friendly app in EU so it seems quite reputable