Does Trading 212 have a minimum deposit requirement as of March 2024?
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It's great that you are looking for deposit options at Trading 212 to take charge of your finances. We would encourage you to carry on! Your future self will be grateful to you.
There are several ways to start your journey, let's walk through the options together!
To give you a brief summary: Trading 212 is a stockbroker regulated by the UK's FCA, the Bulgarian authority FSC, and CySEC in Cyprus.
I've thoroughly tested Trading 212 services with our analyst team by opening a real-money account and these are my most important findings:
- The minimum deposit at Trading 212 is $1
- Trading 212 charges $0 for deposits
- You can only deposit funds from accounts that are in your name
- Visit Trading 212's page to start the process
- Trading 212 is a reliable broker regulated by at least one top-tier regulator
First, let's see if Trading 212 is available in your country?
Is Trading 212 safe?
To trust your money with a broker, you need to be sure that the broker is considered reliable. BrokerChooser only recommends regulated brokers, meaning the broker's operations are overseen by a trusted body.
Trading 212 can be considered a legit broker, as it is overseen by at least one top-tier regulator, which is a great sign for reliability.
For you, this means that your money is in good hands and you will be able to access your funds.
What is the minimum deposit at Trading 212?
At Trading 212, the minimum deposit amount is $1.
This means that you have to deposit at least $1 to be able to start trading.
After you have completed the registration and verification process, you need to fund your account to start trading.
Here's tip: don't worry if you decide to switch brokers after depositing. You can always opt out and withdraw your funds.
Also, at Trading 212, there is no inactivity fee. This means that you won't be charged any fee, if you decide not to use your account in the future.
What base currencies are available at Trading 212?
At Trading 212, the following base currencies are available: GBP, USD, EUR, CHF, DKK, NOK, PLN, SEK, CZK, RON, BGN, HUF. Try to deposit money to your brokerage account in your account's base currency, otherwise you will be charged a conversion fee.
To avoid high conversion fees, consider opening a multi-currency account at a digital bank.
What deposit methods are available at Trading 212?
At Trading 212, you have multiple options to choose from when you want to deposit money to your account. These options are the following: Bank transfer, Credit/debit cards, OnlineBankingPL, Giropay, Carte Bleue, Blik, Direct eBanking, Apple / Google Pay, PayPal, iDEAL.
All these options are great, choose the most convenient one for you to be able to start trading. And remember, you can only deposit funds from accounts that are in your name.
There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive.
Deposit options | Trading 212 |
---|---|
Bank transfer | Yes |
Credit/Debit card | Yes |
Electronic wallet | Yes |
Is there any deposit fee at Trading 212?
The answer is no. No deposit fees will be applied at Trading 212.
This is great because the broker won't deduct anything from your deposits, and you only have to calculate with the costs charged by the bank, or other third-party financial service you send the money with.
How to deposit money to Trading 212 account?
Here's a step-by-step guide:
- Log in to Trading 212's client area
- Look for 'Deposit' or 'Funding menu'
- Choose your funding method
- Provide the necessary details for the transaction
- Check if the payment details are correct
- If you are OK with it, you are ready to proceed
If you get stuck during the process, you can always reach out to Trading 212's customer support. At Trading 212, customer support can be reached via live chat and email.
Wrap-up
It is awesome that you have read through this article! We know that depositing can be frustrating, but you are on the right track, and it is okay to ask for help if you are unsure about something.
If you are stuck somewhere, have a question, or a suggestion, please drop a message on our Forum.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.