Can We Really Trust Trading 212?

Trading 212 are now back open, but before you sign up there are a number of things users must consider. In todays video we will discuss them all.

Do you want to get free shares worth up to £100?
Join Trading 212 Invest with my link, and we will both get free shares.
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Links from the video:
Information on the Limits, if the link does not work the email was sent on the 5/08/2022

Trading 212 Companies House

Other investing platforms I use:

InvestEngine
Get a £25 bonus when you invest at least £100

Vanguard:
This is not an affiliate link

Timestamps:
00:00 - After Months Of Waiting.
01:25 - What Has Been Going On?
04:00 - Communication
07:33 - Share Lending
08:40 - Limits
10:13 - Going Bust
12:28 - Full Disclosure

DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.

DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

[DamienTalksMoney]

I should have clarified in the video sorry. It was Freetrade who got a video pulled from the platform and in my opinion the creator raising issues with their promotion scheme was fully justified in their criticism. Funnily enough the FCA restricted the scheme following these comments which showed the regulator also agreed.

[NightElff]

I switched to Trading 212 in 2020 and I am not going back to paying high fees for lower quality platforms (even though they are "reputable"). I believe more people should be aware of DCA and T212's Pies and AutoInvest feature. This literally made me more disciplined and smarter when it comes to investing. I've recommended T212 to everyone close to me and so far no one has been disappointed.

[IainGeddes]

Quality video Damo 👏 I’ve been using T212 since March 2020 and no plans of changing that anytime soon. I’m a big fan of their platform. Hope you’re feeling back to your normal self soon! 👌

[damianonana]

I have been with T212 for over 2 years and I have to say that between the free trading platforms T212 are the best for many reasons:
- Usability
- Best pie feature
- Cost
- Features are for everyone unlike Freetrade (I like them but now most Features and shares/etfs are behind a paywall).

Thank you very much for your video

[JMEUTEUW]

I don’t work for t212. I have used them for 4 years and I have never had any issues with them (other than at some point orders were delayed as their platform couldn’t cope with the demand but I think is now now resolved). Withdrawing money is easy and no hassle. Yes I would like more communication from them regarding corporate changes but overall, great platform

[cornbeef]

SIgned up to 212 using your link. Wanted to get into a bit of trading like this and it looks a good platform. If their main downfall is communication, I feel this is something they will hopefully work on. At the end of the day, as long as the business is sound, I don't really care what they communicate and don't. Sometimes the less said, the better

[bubblegrass]

I've been with trading 212 for multiple years now. I have no complaints and really like the service they provide.

[darrenwest]

Hi Damien. I know this is “your opinion” not “advice”. However thank you for being the best financial advisor I’ve never had or paid directly. Those I did pay always gave me bad and costly advice. You live and learn. Keep up the good work. Get better soon. 😎

[adamlee]

I recently got notified I can open my account with T212, I have been using Freetrade but I think trading is a much better app to use with more stats and company info. Now I know more about the T212 I think I’ll be using it more and more Thank you again Damo for all the research you do 👍

[mattb]

Hey just used your referral link, love your channel their was other guys I watch but I think a lot of people like myself use your link as you provide honest content, theirs a lot of scam artists on YouTube and your as genuine as it gets, thanks for great content

[spacemansproggit]

This was informative and interesting, so thank you.

If you consider making more content on the general topic of platforms, something that would be very interesting would be your take on the admin overhead, particularly for investors who also have to file Self Assessments... In this video you mentioned that you have investments spread across a number of platforms, so I imagine that the total effort required to determine your tax position is not negligible [whether you get someone to do that for you or whether you do that yourself].

Mentioning as whilst individual investment decisions can be daunting, your philosophy/strategy - at least what I can discern from your content - is pragmatic and sensible, so I have a hunch that you take a similarly no-nonsense approach to tracking your income and managing your taxes. I also appreciate that you're not in the business of making "platform comparison videos", but wonder if you have an approach or techniques you use that might be worth sharing.

Thanks again for all the great content.

[robertwest]

Thanks for this video. Answered most of the questions rattling around in my head. You’ve worked hard to gain the trust of your viewers. Your honesty, transparency and integrity is clear to regular viewers of your content. It takes time and effort to do that. Well played. Keep up the excellent work.

[stevemascarenhas]

Another great video, THANKS! I am one of those people who wanted to get i to investing and when they shut the doors I decided not to try. It wasnt until they opened again and I came across one of your videos I decided to start. Like others I wish I had started years ago but happy I have now. Im sticking with 2-1-2 for now while I finishing learning and get myself comfortable!

[PauLondon]

Thanks for the video. I'm new in investing in UK, so I have three questions for you about share lending. 1- Are you saying that they can lend your share to others without your specific consent and that there is a risk of you loosing your shares?? This doesn't make any sense to me. 2- What hapens to your invested money then? 3- You then say (at 8:30min) that most of people should stick to investing in "something" ISA. Sorry, I couldn't understand what you said before ISA.

[andyh]

It’s obviously good having the financial protection but do you really want the hassle of trying to get your money back. Paid into freetrade isa for about 18 months which I like using but as you say freetrade runs at a loss . Thinking of paying into my isa until next April then opening a new one possibly with vanguard as it a lot more established as we know. Only problem with that is paying fees on both . Some would say go on invest engine but that is also a start up and would be another risk to me

Thought the risk was in the investment not worrying about the broker 😂

[Chanesmyname]

Used them for a few years with no problems at all, including speedy responses when I have contacted them. That is my experience with them.

[Andy]

Great video Damien I’ve been with 212 for a few years know and hadn’t considered several of your points very interesting - and your honesty is always appreciated!

[intent]

I think they look and from hearing from my friends who are customers are very good. I did originally want to open an ISA with T121. However, because they were closed to new customers for so long, I decided to just open an ISA with Vanguard as I only want to invest in low cost index funds for the long term. I've been very happy with this so far and not having the app has been good for me personally.

[Kraftwerker]

Nice update, Damo. Your clear knowledge and research is really reassuring on these topics. I’m a longtime fan and will be here for a long time more!

[danbelden]

Fee vs free, oldest gripe battle in the book. I side with HL as I prefer knowing my data or underlying assets aren't being "fiddled" with. But I have no bitterness toward though who prefer to see-off the fees, and are happy for their broker to play loose with their assets or data. Nothing in life is free, if you aren't paying for a service, you are the service.