As part of my work in financial is trading 212 safe marketing for 20 years, I’ve always tried to be balanced and objective when it comes to reviewing products. So, while I really like Trading 212 and think they’re awesome (it’s the best app in this category), I do have to point out some cons too.

Spread fees are very common with all trading platforms – they’re the amount you pay to trade an asset at any given time. These vary by asset and can change throughout the day as the amount of people wanting to buy or sell is higher or lower than normal. Trading 212’s are pretty reasonable and they’re one of the cheapest out there.

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They also have no minimum deposit, so it’s easy for anyone to get started. There’s a large range of educational resources to help beginners and more advanced traders learn the ropes. There’s also a negative balance protection feature that stops you from losing more than your own capital, which is a great safety net for new and inexperienced investors.

Another thing that’s a nice touch is they don’t charge inactivity or custody fees, which is pretty rare for an online broker these days. They also don’t charge any commission when you trade stocks and don’t charge for withdrawals – although there is a currency conversion fee for international traders. It’s worth mentioning too that they offer interest on uninvested cash in a number of currencies, which is a good way to earn some extra income.