Trading 212?

L123

I’m about to transfer my ISA from HSBC to Trade 212. Has anyone any experience with it and is it genuine and ok?

TadleyBaggie

Never heard of Trade 212, but Trading212 are well known and genuine.

Ayr_Rage

Trading 212 are fine, the app has a lot of extra information and navigating those extras is a bit of an experience.

If it's a cash ISA then do check what rate you get for a transfer-in, it may not be the rate with a bonus.

Yellowman

Moneyfactscompare states that Trading 212 does not accept transfers in.

Ayr_Rage

Yellowman said:

Moneyfactscompare states that Trading 212 does not accept transfers in.

Well, the TRANSFER option is available in my app for both Cash and Stocks.

winkowinko

Yellowman said:

Moneyfactscompare states that Trading 212 does not accept transfers in.

My guess would be that you're looking at the promo rate issue, which doesn't. The non promo rate version does.

L123

Thank you. It’s allowing me to do the transfer in 

Ayr_Rage

L123 said:

Thank you. It’s allowing me to do the transfer in 

Check the rate !

slinger2

See: https://www.trading212.com/legal-documentation/uk/cash-isa/Promotional-Terms_EN.pdf

4.2a says "You will not be eligible to participate in the Promotion: a. If you have opened a Cash ISA with Trading 212 during the Validity Period and transferred your existing Cash individual savings account from another ISA manager (or initiated such transfer process);"

So as long you're happy with 3.85% AER ...

epm-84

Ayr_Rage said:

Trading 212 are fine, the app has a lot of extra information and navigating those extras is a bit of an experience.

The thing to note is they're a trading platform. They hope, that by offering a standard Cash ISA, that some of the  savings customers will try their trading options. So you will find both the app and their communications will promote their trading products.