Search
CloseOpen
Trading 212 Minimum Deposit
Back to blog categories

Trading 212 Minimum Deposit - How Much You Need to Start Trading

Considering trading or investing with Trading 212? The London-based company's forex trading app has more than 50,000 users and has been downloaded more than 14 million times, indicating that it is a well-liked option. Trading 212 allows commission-free trading in a variety of markets, including equities, commodities, forex, cryptocurrencies, exchange-traded funds (ETFs), and much more. This article will shed more light on how the Trading 212 minimum deposit works.

Is There a Minimum Deposit for Trading 212?

Trading 212 has no minimum deposit requirements for traders. You can start trading immediately after making your first deposit on Trading 212.

When you make your second deposit, you are given access to Trading 212's recommended portfolio, which is based on their algorithm. The recommended portfolio shows the top-performing funds and allows you to compare them instead of having to choose one by yourself.

If you're just getting started in the world of investing, it can be difficult to know where to start. There are so many options out there, and most of them require a minimum deposit that can feel like an insurmountable obstacle. But if you're looking for a broker who doesn't require a large deposit and who is willing to teach you how to invest money yourself, this broker might be perfect for you.

With Trading 212, You can start by opening an account with a small sum of money and adding as much money as you want later on. The best part about using this broker is that they don't require any minimum initial deposits; instead, they define themselves by their ability to help beginners learn how to invest without putting them through a rigorous process of self-education first.

There's also no minimum deposit even when using a Trading 212 promo code.

Trading 212 Deposit Fees

Trading 212 has no deposit fees, but the available deposit methods are also important. Find out how Trading 212 deposit methods compare to similar online brokers.

 Here are the average transfer rates for the different methods:

  • Funding your account with a credit or debit card - If you choose to fund your Trading 212 account with a credit or debit card, you will not be charged any fees. But if you do exceed the £2,000 limit, you will be charged 0.7%.
  • Funding your account with an online wallet - If you choose to fund your Trading 212 account with Google Pay or Apple Pay, it will take a few hours for the transaction to go through. Additionally, if you choose this payment method, there is no need for an invoice - it is all done automatically.

How to Make a Minimum Deposit

You'll need to open an account to transfer money into your Trading 212 account. The exact steps for sending your minimum deposit to Trading 212 may differ slightly from the ones listed below, but they generally consist of the following steps:

1. Create a broker account

You can open a trading account online with the majority of brokers. You must provide personal information to open an account, such as your date of birth or employment status, and there is typically a test to determine your level of financial literacy as well. Verifying your identity and residency is the final step in opening an account. A copy of your ID card and a document that verifies your proof of residency, like a bank statement, is typically required for this verification.

2. Put the Deposit

To find the depositing interface, you must first sign into your already opened trading account. You then choose a deposit method that the broker accepts, enter the deposit amount, and complete the deposit.

You can use the bank transfer by entering your account number in the deposit interface. You can also use your credit or debit card.

3. Confirm the transaction

Depending on the method you choose, it may take a few days for your deposit to appear in your brokerage account. In this case, the broker will usually send an email to confirm that the deposit has been received.

Conclusion

Trading 212 stands out amongst brokerages with this no minimum deposit limit. While some brokers require a minimum deposit of $200 or more, at Trading 212 you can start with just one dollar. If you think you are not ready to trade with real money, you could always open a Trading 212 demo account and use it to practice trading.

Back to blog categories