The Complete Guide to Trading 212 Fees

Types of Broker Fees

There are several fees that brokers demand from investors who use their platform. These fees are categorized into trading and non-trading fees.

Trading Fees

Trading fees are payments that investors make in exchange for trading services. Another name for trading fees is commission. As brokers help to facilitate trading activities related to buying and selling shares, commissions are their way of getting compensated for playing their part.

Every investment, from stocks to ETFs, can attract trading fees. Trading fees aren’t the same for all platforms as each broker decides what they charge and how they charge. Some could use flat fees that do not depend on the trade volume, while others charge for every trading activity. Also, some brokers charge commissions based on your investment volume.

Non-Trading Fees

Non-Trading fees are payments brokers require from investors for non-trade services such as using their platforms. Non-Trading fees include withdrawal, deposit, inactivity, and account opening fees.

List of Trading 212 Fees

Trading 212 Commissions

One area that has earned Trading 212 its acclaim is its zero commission. You can buy stocks and ETFs for free. However, its zero commissions policy only applies in specific situations. For example, Trading 212 charges nothing in commission fees if you trade in the same currency. The same applies for free shares received when using a promo code. You don't pay any commissions for those either.

However, if you make a trade in a different currency from yours, Trading 212 will charge you 0.15%. On the other hand, holding stocks in an ISA wrapper or share dealing attracts no charges.

Minimum Deposit and Withdrawal

Investing in Trading 212 requires a minimum deposit or withdrawal of $1.00 or 1 pound. So, to open an account, you must deposit $1.00 or 1 pound. However, you can only deposit more than 10 dollars or 10 pounds if you deposit through bank wire.

You can only withdraw a minimum of one dollar or one pound from your trading account.

Trading 212 Inactivity Fee

There are no inactivity fees when you trade with Trading 212. However, other brokers charge fees when an investor doesn’t carry out trading activities within a certain period.

Trading 212 Withdrawal Fees

Trading 212 doesn’t charge withdrawal fees. You do not require any payment to withdraw funds from your trading account.

Trading 212 Deposit Fees

On the Trading 212 platform, investors won’t have to pay any deposit fees until deposits hit the 2,000 euro mark. So, until your total deposits accumulate to 2,000 euros, you won’t have to pay for funding your account. However, if you fund your account through bank transfers, you won’t have to pay any deposit fees even after accumulating 2,000 euros.

Trading 212 Fees - Conclusion

Trading 212 is famous for being a commission-free broker; however, there are still a few charges that you need to know about when transacting on the platform.

Even if Trading 212 doesn't charge any fees, when trading you still have to take into account the spreads.