With no commissions on trades, Trading 212 is an excellent CFD and forex broker. However, to compete with top tier brokers it needs to offer more services like trading 212 short selling on stocks.
Which broker allow short selling?
The broker offers a great amount of assets to trade on including stocks (and CFDs) from all major markets, indices, commodities and currency pairs. This is one of the reasons why the broker has seen such tremendous growth since its launch. However, a major drawback is the inability to short sell equities which would be a deal-breaker for serious equity traders.
Trading 212 supports a wide range of deposit and withdrawal methods for its clients which include credit and debit cards, Skrill, iDeal, Dotpay and GiroPay. Processing times are quick with debit and credit card deposits being available in as little as 10 minutes. Bank wires have a longer wait time of 2-3 business days. However, third party levies will apply depending on the payment method chosen.
Traders can also invest in fractional shares which is an important feature for those on smaller budgets. It’s worth noting that this isn’t direct register and the broker will need to buy the shares back from your non-transferring broker before you can sell them at a profit (risky). There are also some fees to be aware of such as the CFD spread, financing charges and overnight fees. Traders should carefully compare these with other brokers to make sure they are not getting ripped off.