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Brokers / Trading 212
BROKER RIGOR REPORT · VERIFIED 11 OCT 2026

Trading 212: what the sources say

100
Evidence 100%

Key facts

The questions, with sources

QuestionWhat the sources saySource
Main entity
Trading 212 UK Ltd (FCA) for UK clients; Trading 212 Markets Ltd (CySEC), Trading 212 Ltd (Bulgaria), Trading 212 EU GmbH (BaFin), Trading 212 AU Pty Ltd (ASIC); EU entity depends on client country, United Kingdom
Listed parent
no: Trading 212 Group Limited (private holding, incorporated Feb 2016; press/Wikipedia)
Regulation
Major regulator. FCA (United Kingdom): Trading 212 UK Limited, FRN 609146 (FCA page naming the authorised firm; FCA register entry itself could not be opened). Per press (FT via Cointelegraph, Jan 2026) permission to deal in debentures was added Jan 2026.; CySEC (Cyprus): Trading 212 Markets Ltd, CySEC licence 398/21 (per company terms page and Bank of Latvia EEA passport register, 2021-05-10); CySEC entity page not opened.; BaFin (Germany): Trading 212 EU GmbH, licence no. 10109603 per company page; BaFin register not opened. Wikipedia says the German licence came via acquisition of FXFlat Bank GmbH (2024).; ASIC (Australia): Trading 212 AU Pty Ltd, AFSL 541122, ABN 46 660 342 763 per company page; ASIC register not opened.; Financial Supervision Commission (Bulgaria): Trading 212 Ltd / EOOD per company page; FSC register not opened.
Compensation scheme
Yes. FSCS (UK, Trading 212 UK Ltd); company about-us page also lists ICF Cyprus, ICF Bulgaria and EdW (Germany) depending on entity Official money-protection page (read 2026-10-11): uninvested cash 'covered by the Financial Services Compensation Scheme (FSCS) up to GBP 120,000', stated as per person and per bank; cash held at FCA-regulated partner banks (Barclays, NatWest, J.P. Morgan Chase named). Company about-us page: ICF Cyprus, ICF Bulgaria and EdW each 90% up to EUR 20,000. FSCS scheme's own page not opened; EU-entity schemes rest on company page only.
Client assets separated
Yes. Official money-protection page: 'your assets are always kept separate from ours'; investments held by custody partners (Interactive Brokers, Bank of New York Mellon) in segregated accounts separate from Trading 212's and the custodians' own assets; firm states it follows FCA CASS 6 (safe custody) and CASS 7 (client money), reconciles with custodians daily, and external auditor Buzzacott reviews the process annually. Statement applies to Trading 212 UK Ltd; EU/AU entity pages not read.
Public financials
Yes. Private group, but statutory accounts are filed publicly at Companies House: press (Finance Magnates 2026-10-06) states Trading 212 Group Limited's FY2025 accounts were filed with Companies House on 28 Sep 2026 (revenue GBP 345.8m, pre-tax profit GBP 127.7m, profit after tax GBP 93.9m; FX News Group reports net profit GBP 96.4m, discrepancy not resolved). FX News Group 2026-04-22: Trading 212 UK Limited FY2025 revenue GBP 277.6m, net profit GBP 92.2m. Companies House filing itself not opened (not in search results); no annual report page on trading212.com found.
Who can open an account
Not stated in sources read; entities registered in UK, Cyprus, Bulgaria, Germany, Australia.
Markets
Official Costs and Charges Disclosure refers to UK shares, US shares and French shares (via taxes/levies listed); full market list not read.
ETFs / fractional shares
ETFs: yes. Fractional shares: not verified.
US stock commission
Official Trading 212 UK Ltd Costs and Charges Disclosure (undated PDF, read 2026-10-11): 'Trading 212 does not charge commissions on ETF trades'; no charge for opening, closing or maintaining the Invest account; only a 0.15% FX fee on currency conversion, plus third-party taxes/levies (UK stamp duty 0.5%, PTM levy GBP 1 over GBP 10,000, US SEC fee 0.0008% and FINRA fee USD 0.000166/share on sales, French FTT 0.3%). The document does not state a separate figure for US stock commission; the official multi-currency page carries only the tagline 'Commission-free investing for everyone'. Wise (third party) states 0 commission on stocks.
Cost to buy 1,000 USD
0%. Scored 0 on the basis of the official Costs and Charges Disclosure stating no commission on ETF trades and no account charges (buying USD 1,000 of a US ETF); FX fee 0.15% and US sale-side regulatory fees excluded by rule. Caveat: the official document does not spell out a stock commission figure; the help-centre fee article was not found in search results.
Currency conversion
0.15% on currency conversion at live interbank rate (official Costs and Charges Disclosure and multi-currency page); 0.5% for CFD per third party.
Inactivity / account / withdrawal
Not mentioned in the official Costs and Charges Disclosure; third party states none.; Official disclosure: no fee for opening, closing or maintaining the Invest account; no custody fee (CFD section). Card deposits may carry a processing fee charged by Adyen (percentage not given); bank-transfer deposits free.; Not mentioned in the official disclosure; third party: no processing fee, receiving bank may charge.

"Not verified" means we could not confirm it from a source we could read. Check the entity and rules for your own country. Education only, not investment advice.

Score

How the points add up

  • Regulation 20 of 20. Licensed by a major financial regulator (see the broker page for the register entry)
  • Client protection 20 of 20. Investor compensation scheme applies: FSCS (UK, Trading 212 UK Ltd); company about-us page also lists ICF Cyprus, ICF Bulgaria and EdW (Germany) depending on entity; Client assets held separately from the broker's own (stated in its documents)
  • Transparency 10 of 10. Annual financial statements are public (listed parent or published report)
  • Security record 15 of 15. No incident found in our search of the last five years (not an exhaustive guarantee)
  • Compliance record 25 of 25. 1 regulator or court action(s) in the window; reports from press only are shown but not scored
  • Costs 10 of 10. Buying 1,000 USD of a US stock or ETF: 0% commission at the published base tier (FX and spread not included)

Points earned of points available. A criterion we could not verify is left out and lowers the evidence share. See how we score.

Record

Security incidents

  • 2020-11-03 DDoS attack; third-party protection service failed; users briefly blocked from logging in (~1 hour). Out of window (flagged). Customer funds lost: no. Outcome: Company stated assets and personal information safe (press). source older than 5 years
  • 2020-11-24 Order execution delayed after downtime at intermediary Interactive Brokers. Out of window (flagged). Customer funds lost: not verified. Outcome: Press report; user claims unverified. source older than 5 years
Record

Regulator and court actions

  • 2026-01 FCA: Press (Financial Times, reported by Cointelegraph 2026-01-27): Trading 212 UK Ltd let UK retail clients trade crypto ETNs from Oct 2025 to Jan 2026 before holding the FCA permission to deal in debentures; it applied after FCA supervisors contacted it and the register was updated to show the permission in Jan 2026. Outcome: press; no FCA enforcement action, fine or statement naming the firm found. Press URL: https://cointelegraph.com/news/trading-212-crypto-etns-sold-without-fca-authorization-uk source

Actions reported by press only are shown and not scored.

Not scored

Other reports

  • FCA clone warning (24 Jul 2020) concerned an impersonator site, not the broker.
  • Jan 2021 meme-stock buying restrictions and Feb 2021 onboarding freeze (Wikipedia): no regulator action against the firm found; Financial Ombudsman decisions on individual complaints exist (e.g. DRN-3353695), not assessed.

Reports that are not security incidents or regulator actions against the broker, shown for completeness and not scored.

Summary

Key facts in five lines

  • Trading 212 UK Limited is FCA-authorised, FRN 609146, per an FCA page and the official money-protection page. [source 5][source 13]
  • Official money-protection page: uninvested cash covered by FSCS up to GBP 120,000; investments held in segregated accounts at custodians Interactive Brokers and BNY Mellon under CASS 6/7. [source 13]
  • Official Costs and Charges Disclosure: no commission on ETF trades, no account fees, 0.15% FX fee; 12 Invest account currencies. [source 14][source 15]
  • Press reported in Jan 2026 that the UK entity offered crypto ETNs before holding the FCA debentures permission; no enforcement found. [source 7]
  • Press reports Trading 212 Group Limited FY2025 accounts filed at Companies House: revenue GBP 345.8m, profit after tax GBP 93.9m. [source 16]
Questions

Questions about Trading 212

Is Trading 212 safe?

We do not give a yes or no. We record its regulation (FCA, CySEC), whether an investor compensation scheme applies, and what we found about incidents and regulator actions. Read the sections above, and check which entity holds your account.

Does Trading 212 charge commission on US stocks?

Official Trading 212 UK Ltd Costs and Charges Disclosure (undated PDF, read 2026-10-11): 'Trading 212 does not charge commissions on ETF trades'; no charge for opening, closing or maintaining the Invest account; only a 0.15% FX fee on currency conversion, plus third-party taxes/levies (UK stamp duty 0.5%, PTM levy GBP 1 over GBP 10,000, US SEC fee 0.0008% and FINRA fee USD 0.000166/share on sales, French FTT 0.3%). The document does not state a separate figure for US stock commission; the official multi-currency page carries only the tagline 'Commission-free investing for everyone'. Wise (third party) states 0 commission on stocks.

Sources

Where this comes from

Not verified: Incidents: 3 searches found no in-window incident; only 2020 DDoS/outage threads and an ICO FOI reply (Jan 2024) saying no information held. Legal: 3 searches found no fine; only the Jan 2026 crypto-ETN permission matter (press only). FCA register, CySEC, BaFin, ASIC register pages could not be opened. Costs: now from the official UK Costs and Charges Disclosure (undated PDF), which states no ETF commission and no account fees but does not spell out a stock commission figure; cost_1000usd_pct = 0 rests on the ETF statement. Protection/segregation now from the official money-protection page (UK entity); FSCS and ICF/EdW scheme pages themselves not opened, EU-entity protection rests on company about-us page. Financials: Companies House filing confirmed only via press (not opened); group vs UK profit figures differ between press outlets. Founding year from Wikipedia.

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