Trading 212

[SA1007]

Long term reader and first time poster. Anyone had any experience of Trading 212. Some mums at the school gate have mentioned it. They are all begging me to sign up to it as we will both get a free share. (HSBC, SHELL, FORD, they have all received) I am interested in investments have a pension, SIPP, ISA etc. So not naive.

but...

Is it a decent platform? Or a cult? I kinda feel like I am been sold Herba Life by them at the moment.

Any thoughts and comments would be much appreciated.

Not used them but have just had a look. To their credit they are putting up risk warnings that 76% of investors lose money when trading, and they try to work out during the application process who is likely to have sufficient knowledge and resources to use their platform to their advantage.

There is no guarantee about the value of the free share, and bearing in mind that it could be worth less than the £5 withdrawal fee that in itself is a gamble. I also can't see what the minimum investment amount is.

I would say that if you want to invest then use your existing products (unless they have ridiculously high charges on them, such as St James Place). Be wary of being sucked in by an introductory gift, and ignore the peer pressure from the other mums..... they will be doing it so that they can claim their free shares, they won't give a toss whether you lose all your investment, not their problem.

Thanks, Sunseed. I think you are right ill stick to my normal investment plan. I may give it go with a £1 to get the free share and cash out after the minimum time. If I get a good one ill sell it and have a nice meal at a restaurant paid for by Trading 212. =D

Just to update - I have downloaded the app. There is a £29 minium investment - For the £29 I bought a few shares in BT, HSBC and BAE Sytems as they are high dividend stocks. Also bought a share in BooHoo.com. I will get my free share tomorrow. I will update further with news of what they allocate.

Nice easy to use interface, im not sure I would invest £1000's on it. But an enjoyable way to gain experience and learn about stocks.

Will probs sell up and shut down in a few weeks.

If anyone does fancy a free share please use referral link below.

www.trading212.com/invite/FMA6sDVE

Further update I received a CitiGroup share worth $78 or which is £59

Sunseed there aren't any fees if you withdraw to a card. Only for bank transfers. They don't offer 'products' like St James' place - just shares and ETFs.

Yawn.

freetrade.io/freeshare/?code=M5U93W1AZF&sender=ssL5iY3M

&

www.trading212.com/invite/FMEuM7Ou

Have had a free share worth £89 and a few woth between £3 and £15.

Have both accounts to get a bit of free money. Probs made about £150 which has come in handy since covid and hubby not working.

I just tried it. I know nothing about this kind of thing, but thought that I'd give it a go. You can try with pretend money at first, and then you can buy fraction of shares. Curious to see how it goes.

Another link to a free share: freetrade.io/freeshare/?code=N70EB3LH0Z&sender=V8oOAAqc

I've just registered after reading everyone's post and topped up my account by £10 but not sure how to spend only what I have? this might have been a big mistake for a novice like me :-(

"To their credit they are putting up risk warnings that 76% of investors lose money when trading, and they try to work out during the application process who is likely to have sufficient knowledge and resources to use their platform to their advantage."

These are regulatory requirements, not initiatives that the company has decided to implement by itself!

Yes, but the point I'm making is that they have been quite upfront with the risk warnings rather than burying them in small print.

I have not yet recieved any share as I only registered out of curiosity and I wanted to try other platforms different to the other one I have bigger investment. How ever I am taking it one step at a time no rush.
Feel free to use mine.
www.trading212.com/invite/FzKe2OsK

Anyone else enjoying using this app??

I'm using it. I'm making a loss on all my investments (and only invested £15 to play with) but I'm hoping things will improve soon.

Here's my free share link:

www.trading212.com/invite/GbosKslz 😊

Mu husband and I invest £1 a day each into 2 different pies. We have a weekly competition to see who has earned the most money!

Are the pies on ISA?

I bought some shares a while ago and have made £62 on £141 investment. I didn’t think that was too bad!

This is my free share link:

www.trading212.com/invite/Ffp486ui

I have recently signed up and it looks great so far

Here is my link for you to receive your free share. You just need to sign up and deposit £1

Do you want to get a free stock share worth up to £100?

Create a Trading212Invest account using this link

www.trading212.com/invite/HXfKQEGC

and we both get a free share!

You can sell the share after 30 days if you want to. If you want to trade you can buy and sell shares for 0% commission but there is no obligation to do so.

Thank you to whoever signed up using my link (further up the thread). I received an easyJet share. Not worth much at the minute but I'm holding until after covid is over and it'll be worth a lot more!