Business

Trading 212 fees - How much does it cost to trade?

Remay Villaester (May)

24.03.21 (updated more than 1 year ago)

Read time 3 minutes

If you’re looking for a convenient, low-cost way to trade and invest, Trading 212 could be a decent option. The London-based company entered the UK market in 2016, and its forex trading app has become hugely popular over the years. It now has over 50,000 active users, and has been downloaded over 14 million times¹.

One of the main reasons behind the apps popularity is that Trading 212 doesn’t charge any commission fees. The fintech’s aim is to “democratise the financial markets with free, smart and easy to use apps”.

In this guide, we’ll cover everything you need to know about Trading 212 fees. The app may not charge commission, but there are some other charges you need to know about.

We’ll also take a look at how you can save money when funding and withdrawing in other currencies from Trading 212 - using your Wise multi-currency account.

Trading 212 in a nutshell

Before we get into how much it costs to trade on Trading 212, here’s what you need to know about the app¹:

Trading 212 is authorised and regulated by the Financial Conduct Authority
You can use the app to trade equities, Forex, commodities and other products.
The app also has an ISA, plus options for investing in shares, exchange-traded funds (ETFs), cryptocurrencies and commodities
If you’re new to trading, a handy feature of the app is a Practice Mode² where you have £50,000 virtual sum to practice trading and investing with.

Trading 212 Invest fees

You can start investing in 10,000+ real stocks and ETFs on Trading 212 with as little as £1. Here are the fees involved in using Trading 212 Invest:

Transaction type	Fee³
Deposit	Free for bank transfersFree up to £2,000 for credit and debit cards, Google Pay, Apple Pay, Skrill - 0.7% fee above that limit
Withdrawal	Free
Currency conversion charge	0.15% (from 3rd April 2021)
Commission charges	None
Leaving an open position for the next day	Free

Trading 212 CFD fees

Trading 212 CFD offers the chance to trade Forex, stocks, Indices and more, including commodities such as gold, silver and oil. There are transparent trading terms, tight spreads and negative balance protection.

Here are the fees involved with Trading 212 CFD services:

Transaction type	Fee⁴
Deposit	Free
Withdrawal	Free
Currency conversion charge	0.5%
Commission charges	None
Leaving an open position for the next day	Account will be debited/credited on a daily basis with an interest swap

Trading 212 ISA fees

As well as all of its other services, Trading 212 also offers an ISA. You can invest tax-free into a Stocks and Shares ISA with as little as £1. According to the fintech, you can build a diversified portfolio and own even the most expensive stocks (such as Apple, Google and Amazon) even with a small pot of money.

Here’s a quick look at the fees applicable to the Trading 212 Stocks and Shares ISA:

Transaction type	Fee⁵
Deposit	Free for bank transfersFree up to £2,000 for credit and debit cards - 0.7% fee above that limit
Withdrawal	Free
Currency conversion charge	0.15% (from 3rd April 2021)
Commission charges	None
Leaving an open position for the next day	Free

Ready to invest with Trading 212? Save money with Wise

If you need to send money or withdraw profits to and from Trading 212 in a currency other than your own, you could lose money due to unfavourable exchange rates. This wouldn’t happen if you had an account in the same currency to withdraw to, as no conversion would be needed.

Open a multi-currency Wise accountand you’ll get access to your own Wise bank details for a number of countries. For example, you’ll get your own UK account number, plus a European IBAN number and a US routing number. This means you’ll have a choice of accounts to use, depending on the currency.

If you fund your Trading 212 account with a transfer from your Wise account, you should also be able to withdraw to it. Simply choose the right currency account for your purposes, provide the details and get paid without getting stung on terrible currency conversion rates.

Once the funds are in your Wise account, you can then withdraw to your bank for just a tiny conversion fee. And of course, the conversion will be done at the same mid-market rate that Wise is known for. Alternatively, you can hang onto the money, use it to fund other trading platforms or spend in your pick of 200+ countries using your Wise debit Mastercard.

All things considered, there aren’t many fees to worry about with Trading 212. It prides itself on being one of the only zero commission stock trading apps out there, so there are only a handful of charges you need to know about.

Before using Trading 212, remember that investments can fall as well as rise, so there’s always a level of risk involved. Just make sure you’re comfortable with this risk, and you understand how even complex trading instruments like CFDs work before getting started. Good luck!

Sources used for this article:

Sources checked on 24-March-2021.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

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