Trading 212 Starts Charging Fees After Luring 1.4m Customers With Free Investing

Trading 212 have just announced that they will start charging foreign exchange fees on their platform.

The fee will be 0.15% every time you make a transaction in a currency other than your account one.

But this is a platform that has continuously told all of their 1.4 million customers, most of whom joined in the last 12 months, that they are not like the other brokers and that they do not charge fees.

Their entire marketing strategy and everything they have always said highlighted this point which naturally enough is why they have built such a huge number of accounts.

But when you put some of the other things that have happened with Trading 212 recently like the timing of the suspension of new accounts and the refusal to develop multicurrency accounts despite it being the most requested feature, questions naturally arise.

Was this all a complete coincidence or is this simply their business plan which happens to not align with what has been said over and over to new customers?

I don't know - I don't work for Trading 212 and I don't know when they were planning what, but I felt that it is something that needs to be talked about.

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[SashaYanshin]

Be right back. Putting popcorn in the microwave.

[tonypenn]

Someone once told me " free cheese can only be found in a mouse trap"
🧀 🐁 😉

[JTSC]

Plot twist: it was never a free app, just a free trial lol

[Idealclone]

im with T 212 Its a shame that I didn't hear about this from T 212 I heard about it first from you thanks for letting me know.

[DJPrmo]

Crazy how i use them for both ISA and investing account and i find out about this on youtube...

[Arghans]

The recent change with removing the sell limit option for under £100 has already mean’t I’ve stopped using for new shares.

[AlphizzleMusic]

This is a great video and you make thought provoking points. Thank-you for covering this topic. It's crazy that the first I'm hearing about this is from a YouTuber, when I am a T212 customer. The announced it on a forum first! Seriously T212?! Disappointing.

[Knoksvau]

Waiting to sign-up for 3 weeks, it seems new fees will be part of welcome pack ^^

[edwardbrannan]

They should allow all existing customers to continue to trade with no fees, and all the new accounts that open from.1st April with clear fee's marked, as you say if they're still the cheapest stock app out there, people will still register

[samlimon]

My thoughts EXACTLY Sasha!! If only T212 was as open, honest and for the people as you are!
Been following the channel since day 1! Keep up the great work. 👍🏻

[VICKS]

Hey Sasha - Great videos on Trading212. I am a new investor in Trading212. One question: On the weekend, when market was closed I saw prices of my various shares on yahoofinance, google and corporate websites. When I look at Trading212, the price they mentioned when the market was closed was few pence less. Is it normal? I have brokers in USA. They mention the same price as you would find in various online searches. Why does Trading 212 have different price when the market is closed? I asked them but no response yet.

[roinvest]

Hi, Sasha!! What do you think about IBKR ??? I currently use T212 and Freetrade...but I just opened an account at IBKR and I plan to move my investments there ....

[brandonwadd]

Found your channel today. Love the light you have shined on recent events at T212. Great work !

[dillonwilson]

Great video, I hope the people in charge at 212 come across this video and see how many customers they have lost through this unmoral tactic

[MoreChannelNoise]

I am glad they are starting to charge because that will make it more likely thy can stick around for the long term. I am not impressed with them just putting it on a forum to read!!! They should have emailed every single customer to tell them! I have an acount with them but have stopped putting in any more funds, well see how they go. I have started using captrader.

[arashriasatian]

2 points here: 1. As you mentioned as well, it was expected, what surprises me is the fact that if it wasn't for your video I wouldn't know about it and I'm on the app everyday! 2. What would be the way around it? revolut?

[mushkav]

Hey Sasha, love the honesty from you here and thank you for informing us.
Do you have any stock broker app suggestions for the long term, that don't change their policies every couple months?

[patricksharkey]

Another excellent video Sasha- you are a people’s champion!
Having seen the previous Trading212 actions I opened a Freetrade account. Now 7 working days after the money left my account I still have no money available to me to invest in Freetrade- numerous emails later!
Maybe all these platforms have some issues!

[AbiChow]

You know when you get that niggling feeling about something/someone that doesn't feel right, that you can't shake but can't explain. I feel like a lot of people have had this about T212 because I hear people say they use them but they don't trust them and I think the lack of communication is a big part of that. Thanks for making this video!

[Rafcoins.]

Hi Sasha. It's still not possible to open account with trading 212. I thinking to open in etoro or IG . Do you hear something about IG broker is it also good and trust ?