How Safe Is Trading 212?
When it comes to assessing the safety of trading platforms, regulation is one of the most important criteria. And when it comes to Trading 212, the broker is regulated by the FCA in the UK and CySEC in Europe, which means that the company is subject to strict standards of transparency and client fund protection. It also uses robust encryption protocols to secure data and offers two-factor authentication for additional account security. Continue reading
In addition to these safeguards, Trading 212 has several other features that make it safe for users. For example, all client funds are segregated in top-tier banks to protect them from the company’s liabilities and are backed by the FSCS (UK) or CySEC (EU), which offer up to PS85,000 of protection for eligible customer accounts. The broker also prioritizes account security with features like 2FA and regularly audits its security measures to ensure that they are up-to-date and effective against emerging threats.
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However, while these features make trading on the platform fairly safe, it’s important to remember that no trading platform is risk-free and that leveraged trades can magnify losses as well as gains. That’s why it’s essential to only trade with money you can afford to lose and to use tools like stop-losses and negative balance protection.
The platform is free to use for anyone in the EU, and there are no commissions when you buy or sell stocks. In addition, there are no custody or inactivity fees. You can find a list of popular stocks on the platform that gives you an idea of which companies are trending, but it’s always important to do additional research before buying or selling shares.
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