Trading 212

TheBanker

One thing I don't like about T212 is that when you search for an investment to buy, they show CFDs in the search results. For example I just searched for FTSE 100 and one of the first results is called UK 100 with a Union Flag as it's icon. This is actually a 20x CFD - and could be a very expensive mistake for someone who doesn't realise! The first actual FTSE 100 ETF (CUKX) appears further down the list.

So if you do use T212, you need to be very careful when you're choosing what to buy.

InvesterJones

I think it's a bad choice for those starting out, and also those at the stage in the investment journey where they think they know enough before realising keeping it simple is a good thing.

T212 sometimes makes it hard to compare assets, understand what their value is, what their costs are, understand what the demand is for the asset. It also exaggerates short term price movements, and encourages reactive, short-term thinking. These are not good attributes for investments, and do little to compensate for the weakest point of investment - our own behaviour.

However, once you have the discipline to block out all the noise, and are laser focused on executing a disciplined strategy and won't be swayed by what's in front of you, and you have accurate fingers, it can be utilised as a very cheap platform.

clairec666

https://forums.moneysavingexpert.com/discussion/6656684/trading-212

Depends on what you want to gain from investing.

Are you looking to get the best return for your long-term savings? In which case, Trading 212 is probably not the best option, you're better off going with a different provider where you can just put your money away and forget about it. Trading 212 hooks you in with lots of statistics and graphs, there's a temptation to think you're an "expert" and tinker around with your investments, and ultimately you get a worse return on your money than if you'd left it alone.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/81898541#Comment_81898541

A wise man once said, “know thyself” but it’s easy enough to turn off notifications and not look at it. Most brokers offer graphs etc..