Trading 212 regularly?

[northernpie]

Any peeps out there that have been using the Trading 212 frequently? I am interested in the concept but I want to know if there is anyone who has traded and cashed out (not just using referral codes) moreover, suggest any similar platforms.

 

[Kimilsung]

Any peeps out there that have been using the Trading 212 frequently? I am interested in the concept but I want to know if there is anyone who has traded and cashed out (not just using referral codes) moreover, suggest any similar platforms.

I tried trading and once with £10... Needless to say, it was wayyy too less to trade with and i lost it.

 

[northernpie]

Market went against you as soon as you put the £10 down?

 

[rninja]

I made £10 on SGLN golf etf and sold. I hear that they charge to deposit so it's not truly free trading per se.

 

[Kimilsung]

Market went against you as soon as you put the £10 down?

Fam. I made a few trades. Everyone i do a buy trade, as soon as i put on the money, the calue goes down. And the opposite for seek trades. Sometimes it may be a little profit but only a few pennies.

 

[northernpie]

I made £10 on SGLN golf etf and sold. I hear that they charge to deposit so it's not truly free trading per se.

So you know how much they charge per deposit? If it is something like £1.00 I can live with that.

 

[northernpie]

I can recommend trading 212 Especially as there are no fees.. I wrote a little bit about it in my referral thread here: trading 212

Only the regular investment account mind, I wouldn't touch CFDs.

Gonna read that now... What is the issue with CFDs? I was hoping to do some market trading similar to Betfair Exchange but just not Betfair Exchange.

 

[homie]

Gonna read that now... What is the issue with CFDs? I was hoping to do some market trading similar to Betfair Exchange but just not Betfair Exchange.

CFDs could lose you a whole bunch of money as they are leveraged. I looked through this document when I was finding out about them and decided they weren't for me. https://www.moneysmart.gov.au/media/173820/thinking-of-trading-in-contracts-for-difference-cfds.pdf (australian site but same principle)

 

[Kimilsung]

So you know how much they charge per deposit? If it is something like £1.00 I can live with that.

I used to do forex. I think they only charged for withdrawals.

 

[northernpie]

CFDs could lose you a whole bunch of money as they are leveraged. I looked through this document when I was finding out about them and decided they weren't for me. https://www.moneysmart.gov.au/media/173820/thinking-of-trading-in-contracts-for-difference-cfds.pdf (australian site but same principle)

Cheers, that puts things in perspective. I need to have a think and check my options agsin.

 

[rninja]

I used to do forex. I think they only charged for withdrawals.

I think there was a discussion about them charing a few percentage points on deposits and it was hidden in small print. I'm really not sure though to be fair.