Why isn’t binary trading popular in Norway

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

As the binary options industry is sweeping over the world and signing up millions of clients, some regions still remain largely untouched. Norway is one of these few regions, and there are several contributing reasons:

Social attitudes

Binary options trading is viewed as gambling by most people. Indeed in some ways it is, but the general structure is quite different, which is why it is often considered to be a financial instrument. Nevertheless, many countries do not recognize it as such, and it remains either unregulated or licensed by non-financial bodies.

In the UK, for example, the Financial Conduct Authority (FCA) does not recognize binary options as a security or financial instrument. Hence, binary options brokers in the UK are governed and licensed by the Gambling Commission. However, the US does recognize binary options as a viable financial instrument, which is why the trade is licensed and overseen by the Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The Cyprus Securities and Exchange Commission (CySEC) also acknowledges binary options, and provides licenses to numerous brokers.

Nevertheless, the activity remains unregulated in most areas of the world where there is no law directly concerning binary options, and these include Norway. The Financial Supervisory Authority of Norway (Finanstilsynet) does not have any authority over binary options, thus there’s no regulation over it.

Despite this, according to https://www.norskcasino.review/, Norwegians still practice binary options trading through brokers situated in other European countries, but only to a small extent because of the social attitude regarding gambling. Binary options are also called all-or-nothing options, giving them more of a gambling nature than an investment. In Norway, the people do not like gambling and most Norwegians see it as a social ill. This can be demonstrated by the residents’ reluctance to pressure their government to change the existing laws on gambling. Surveys also show that even though gambling still goes on, Norwegians would prefer if the government imposed tougher laws to limit how much it goes on.

All these show that there is an underlying distaste for gambling, and the association of binary options with gambling transfers the same attitude Norwegians have over gambling. In other parts of Europe, binary options trading has grown because of marketing tactics that glorify binary options trading through images of rich young people who claim to have made their money from the trade. In Norway, though, social good rather than personal riches and wealth are glorified, so this same marketing gimmick has not had an impact.

In short, there are different social attitudes in Norway that have worked together to keep binary options unpopular in Norway.

Financial regulation

Norway’s FSA does not recognize or regulate binary options trading. This means that there are no binary options licenced by the financial regulator and all the trading of binary options that still occurs is done through offshore companies. The trading of binary options in Norway is therefore illegal in the eyes of the law.

However, other similar crimes still go on such as the online gambling that is done through offshore gambling companies, because there has never been prosecution for these crimes. In spite of this, the idea that something is illegal is enough to deter most Norwegians from binary options trading. Furthermore, any proceeds from binary options trading are taxable, and at the high rate of 30%, which is more than many other European countries.

These factors on the legal and regulatory side also contribute to the unpopularity of binary options trading in Norway.

Strategies

Day trading strategies are essential when you are looking to capitalise on frequent, small price movements. A consistent, effective strategy relies on in-depth technical analysis, utilising charts, indicators and patterns to predict future price movements. This page will give you a thorough break down of beginners trading strategies, working all the way up to advanced , automated and even asset-specific strategies.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

It will also outline some regional differences to be aware of, as well as pointing you in the direction of some useful resources. Ultimately though, you’ll need to find a day trading strategy that suits your specific trading style and requirements.

Also, ensure your choice of broker suits strategy based day trading. You will want things like;

  • Excellent trade execution speed,
  • Price action data ( + Level 2 if possible)
  • Ability to trade direct from graphs,
  • Trade automation,
  • Stop losses and take profit orders
  • Etc etc.

Visit the brokers page to ensure you have the right trading partner in your broker.

Top 3 Brokers Suited To Strategy Based Trading

Trading Strategies for Beginners

Before you get bogged down in a complex world of highly technical indicators, focus on the basics of a simple day trading strategy. Many make the mistake of thinking you need a highly complicated strategy to succeed intraday, but often the more straightforward, the more effective.

The Basics

Incorporate the invaluable elements below into your strategy.

  • Money management – Before you start, sit down and decide how much you’re willing to risk. Bear in mind most successful traders won’t put more than 2% of their capital on the line per trade. You have to prepare yourself for some losses if you want to be around when the wins start rolling in.
  • Time management – Don’t expect to make a fortune if you only allocate an hour or two a day to trading. You need to constantly monitor the markets and be on the lookout for trade opportunities.
  • Start small – Whilst you’re finding your feet, stick to a maximum of three stocks during a single day. It’s better to get really good at a few than to be average and making no money on loads.
  • Education – Understanding market intricacies isn’t enough, you also need to stay informed. Make sure you stay up to date with market news and any events that will impact your asset, such as a shift in economic policy. You can find a wealth of online financial and business resources that will keep you in the know.
  • Consistency – It’s harder than it looks to keep emotions at bay when you’re five coffees in and you’ve been staring at the screen for hours. You need to let maths, logic and your strategy guide you, not nerves, fear, or greed.
  • Timing – The market will get volatile when it opens each day and while experienced day traders may be able to read the patterns and profit, you should bide your time. So hold back for the first 15 minutes, you’ve still got hours ahead.
  • Demo Account – A must-have tool for any beginner, but also the best place to backtest or experiment with new, or refined, strategies for advanced traders. Many demo accounts are unlimited, so not time restricted.

Components Every Strategy Needs

Whether you’re after automated day trading strategies, or beginner and advanced tactics, you’ll need to take into account three essential components; volatility, liquidity and volume. If you’re to make money on tiny price movements, choosing the right stock is vital. These three elements will help you make that decision.

  • Liquidity – This enables you to swiftly enter and exit trades at an attractive and stable price. Liquid commodity strategies, for example, will focus on gold, crude oil and natural gas.
  • Volatility – This tells you your potential profit range. The greater the volatility, the greater profit or loss you may make. The cryptocurrency market is one such example well known for high volatility.
  • Volume – This measurement will tell you how many times the stock/asset has been traded within a set period of time. For day traders, this is better known as ‘average daily trading volume.’ High volume tells you there’s significant interest in the asset or security. An increase in volume is frequently an indicator a price jump either up or down, is fast approaching.

5 Day Trading Strategies

1. Breakout

Breakout strategies centre around when the price clears a specified level on your chart, with increased volume. The breakout trader enters into a long position after the asset or security breaks above resistance. Alternatively, you enter a short position once the stock breaks below support.

After an asset or security trades beyond the specified price barrier, volatility usually increases and prices will often trend in the direction of the breakout.

You need to find the right instrument to trade. When doing this bear in mind the asset’s support and resistance levels. The more frequently the price has hit these points, the more validated and important they become.

Entry Points

This part is nice and straightforward. Prices set to close and above resistance levels require a bearish position. Prices set to close and below a support level need a bullish position.

Plan your exits

Use the asset’s recent performance to establish a reasonable price target. Using chart patterns will make this process even more accurate. You can calculate the average recent price swings to create a target. If the average price swing has been 3 points over the last several price swings, this would be a sensible target. Once you’ve reached that goal you can exit the trade and enjoy the profit.

2. Scalping

One of the most popular strategies is scalping. It’s particularly popular in the forex market, and it looks to capitalise on minute price changes. The driving force is quantity. You will look to sell as soon as the trade becomes profitable. This is a fast-paced and exciting way to trade, but it can be risky. You need a high trading probability to even out the low risk vs reward ratio.

Be on the lookout for volatile instruments, attractive liquidity and be hot on timing. You can’t wait for the market, you need to close losing trades as soon as possible.

3. Momentum

Popular amongst trading strategies for beginners, this strategy revolves around acting on news sources and identifying substantial trending moves with the support of high volume. There is always at least one stock that moves around 20-30% each day, so there’s ample opportunity. You simply hold onto your position until you see signs of reversal and then get out.

Alternatively, you can fade the price drop. This way round your price target is as soon as volume starts to diminish.

This strategy is simple and effective if used correctly. However, you must ensure you’re aware of upcoming news and earnings announcements. Just a few seconds on each trade will make all the difference to your end of day profits.

4. Reversal

Although hotly debated and potentially dangerous when used by beginners, reverse trading is used all over the world. It’s also known as trend trading, pull back trending and a mean reversion strategy.

This strategy defies basic logic as you aim to trade against the trend. You need to be able to accurately identify possible pullbacks, plus predict their strength. To do this effectively you need in-depth market knowledge and experience.

The ‘daily pivot’ strategy is considered a unique case of reverse trading, as it centres on buying and selling the daily low and high pullbacks/reverse.

5. Using Pivot Points

A day trading pivot point strategy can be fantastic for identifying and acting on critical support and/or resistance levels. It is particularly useful in the forex market. In addition, it can be used by range-bound traders to identify points of entry, while trend and breakout traders can use pivot points to locate key levels that need to break for a move to count as a breakout.

Calculating Pivot Points

A pivot point is defined as a point of rotation. You use the prices of the previous day’s high and low, plus the closing price of a security to calculate the pivot point.

Note that if you calculate a pivot point using price information from a relatively short time frame, accuracy is often reduced.

So, how do you calculate a pivot point?

  • Central Pivot Point (P) = (High + Low + Close) / 3

You can then calculate support and resistance levels using the pivot point. To do that you will need to use the following formulas:

  • First Resistance (R1) = (2*P) – Low
  • First Support (S1) = (2*P) – High

The second level of support and resistance is then calculated as follows:

  • Second Resistance (R2) = P + (R1-S1)
  • Second Support (S2) = P – (R1- S1)

Application

When applied to the FX market, for example, you will find the trading range for the session often takes place between the pivot point and the first support and resistance levels. This is because a high number of traders play this range.

It’s also worth noting, this is one of the systems & methods that can be applied to indexes too. For example, it can help form an effective S&P day trading strategy.

Limit Your Losses

This is particularly important if you’re using margin. Requirements for which are usually high for day traders. When you trade on margin you are increasingly vulnerable to sharp price movements. Yes, this means the potential for greater profit, but it also means the possibility of significant losses. Fortunately, you can employ stop-losses.

The stop-loss controls your risk for you. In a short position, you can place a stop-loss above a recent high, for long positions you can place it below a recent low. You can also make it dependant on volatility.

For example, a stock price moves by £0.05 a minute, so you place a stop-loss £0.15 away from your entry order, allowing it to swing (hopefully in the expected direction).

One popular strategy is to set up two stop-losses. Firstly, you place a physical stop-loss order at a specific price level. This will be the most capital you can afford to lose. Secondly, you create a mental stop-loss. Place this at the point your entry criteria are breached. So if the trade makes an unanticipated turn, you’ll make a swift exit.

Forex Trading Strategies

Forex strategies are risky by nature as you need to accumulate your profits in a short space of time. You can apply any of the strategies above to the forex market, or you can see our forex page for detailed strategy examples.

Cryptocurrency Trading Strategies

The exciting and unpredictable cryptocurrency market offers plenty of opportunities for the switched on day trader. You don’t need to understand the complex technical makeup of bitcoin or ethereum, nor do you need to hold a long-term view on their viability. Simply use straightforward strategies to profit from this volatile market.

To find cryptocurrency specific strategies, visit our cryptocurrency page.

Stock Trading Strategies

Day trading strategies for stocks rely on many of the same principles outlined throughout this page, and you can use many of the strategies outlined above. Below though is a specific strategy you can apply to the stock market.

Moving Average Crossover

You will need three moving average lines:

  • One set at 20 periods – This is your fast moving average
  • One set at 60 periods – This is your slow moving average
  • One set at 100 periods – This is your trend indicator

This is one of the moving averages strategies that generates a buy signal when the fast moving average crosses up and over the slow moving average. A sell signal is generated simply when the fast moving average crosses below the slow moving average.

So, You’ll open a position when the moving average line crosses in one direction and you’ll close the position when it crosses back the opposite way.

How can you establish there’s definitely a trend? You know the trend is on if the price bar stays above or below the 100-period line.

For more information on stocks strategies, see our Stocks and shares page.

Spread Betting Strategies

Spread betting allows you to speculate on a huge number of global markets without ever actually owning the asset. Plus, strategies are relatively straightforward.

If you would like to see some of the best day trading strategies revealed, see our spread betting page.

CFD Strategies

Developing an effective day trading strategy can be complicated. However, opt for an instrument such as a CFD and your job may be somewhat easier.

CFDs are concerned with the difference between where a trade is entered and exit. Recent years have seen their popularity surge. This is because you can profit when the underlying asset moves in relation to the position taken, without ever having to own the underlying asset.

For CFD specific day trading tips and strategies, see our CFD page.

Regional Differences

Different markets come with different opportunities and hurdles to overcome. Day trading strategies for the Indian market may not be as effective when you apply them in Australia. For example, some countries may be distrusting of the news, so the market may not react in the same way as you’d expect them to back home.

Regulations are another factor to consider. Indian strategies may be tailor-made to fit within specific rules, such as high minimum equity balances in margin accounts. So, get online and check obscure regulations won’t impact your strategy before you put your hard earned money on the line.

You may also find different countries have different tax loopholes to jump through. If you’re based in the West but want to apply your normal day trading strategies in the Philippines, you need to do your homework first.

What type of tax will you have to pay? Will you have to pay it abroad and/or domestically? Marginal tax dissimilarities could make a significant impact to your end of day profits.

Risk Management

Stop-loss

Strategies that work take risk into account. If you don’t manage risk, you’ll lose more than you can afford and be out of the game before you know it. This is why you should always utilise a stop-loss.

The price may look like it’s moving in the direction you hoped, but it could reverse at any time. A stop-loss will control that risk. You’ll exit the trade and only incur a minimal loss if the asset or security doesn’t come through.

Savvy traders don’t usually risk more than 1% of their account balance on a single trade. So if you have £27,500 in your account, you can risk up to £275 per trade.

Position size

It will also enable you to select the perfect position size. Position size is the number of shares taken on a single trade. Take the difference between your entry and stop-loss prices. For example, if your entry point is £12 and your stop-loss is £11.80, then your risk is £0.20 per share.

Now to figure out how many trades you can take on a single trade, divide £275 by £0.20. You can take a position size of up to 1,375 shares. That is the maximum position you could take to stick to your 1% risk limit.

Also, check there is sufficient volume in the stock/asset to absorb the position size you use. In addition, keep in mind that if you take a position size too big for the market, you could encounter slippage on your entry and stop-loss.

Learning Methods

Videos

Everyone learns in different ways. For example, some will find day trading strategies videos most useful. This is why a number of brokers now offer numerous types of day trading strategies in easy-to-follow training videos. Head to their learning and resources section to see what’s on offer.

Blogs

If you’re looking for the best day trading strategies that work, sometimes online blogs are the place to go. Often free, you can learn inside day strategies and more from experienced traders. On top of that, blogs are often a great source of inspiration.

Forums

Some people will learn best from forums. This is because you can comment and ask questions. Plus, you often find day trading methods so easy anyone can use. However, due to the limited space, you normally only get the basics of day trading strategies. So, if you are looking for more in-depth techniques, you may want to consider an alternative learning tool.

If you want a detailed list of the best day trading strategies, PDFs are often a fantastic place to go. Their first benefit is that they are easy to follow. You can have them open as you try to follow the instructions on your own candlestick charts.

Another benefit is how easy they are to find. For example, you can find a day trading strategies using price action patterns PDF download with a quick google. They can also be very specific. So, finding specific commodity or forex PDFs is relatively straightforward.

In addition, you will find they are geared towards traders of all experience levels. Hence you can find for beginners PDFs and advanced PDFs. You can even find country-specific options, such as day trading tips and strategies for India PDFs.

Books

Having said that, a PDF simply won’t go into the level of detail that many books will. The books below offer detailed examples of intraday strategies. Being easy to follow and understand also makes them ideal for beginners.

  • The Simple Strategy – A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex, Mark Hodge
  • How to Day Trade: A Detailed Guide to Day Trading Strategies, Risk Management, and Trader Psychology, Ross Cameron
  • Intra-Day Trading Strategies: Proven Steps to Trading Profits, Jeff Cooper
  • The Complete Guide to Day Trading: A Practical Manual from a Professional Day Trading Coach, Markus Heitkoetter
  • Stock Trading Wizard: Advanced Short-Term Trading Strategies, Tony Oz

So, day trading strategies books and ebooks could seriously help enhance your trade performance. If you would like more top reads, see our books page.

Online Courses

Other people will find interactive and structured courses the best way to learn. Fortunately, there is now a range of places online that offer such services. You can find courses on day trading strategies for commodities, where you could be walked through a crude oil strategy. Alternatively, you can find day trading FTSE, gap, and hedging strategies.

Trading For A Living

If you’re looking to pack up the day job and start day trading for a living, then you’ve got a challenging but exciting journey ahead of you. You’ll need to wrap your head around advanced strategies, as well as effective risk and money management strategies. Discipline and a firm grasp on your emotions are essential.

For more information, visit our ‘trading for a living‘ page.

Final Word

Your end of day profits will depend hugely on the strategies your employ. So, it’s worth keeping in mind that it’s often the straightforward strategy that proves successful, regardless of whether you’re interested in gold or the NSE.

Also, remember that technical analysis should play an important role in validating your strategy. In addition, even if you opt for early entry or end of day trading strategies, controlling your risk is essential if you want to still have cash in the bank at the end of the week. Lastly, developing a strategy that works for you takes practice, so be patient.

Trading212 Review and Tutorial 2020

Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment.

Traders in Russia welcome
Trading212 Facts & Figures
Awards
• Runner Up – Best Trading App 2020 – DayTrading.com
• Runner Up – Best Trading App 2020 – DayTrading.com

Trade Major cryptocurrencies with the tightest spreads. Chose from micro lots and speculate on Bitcoin, Ethereum or Ripple without a digital wallet.

Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit €/£/$100
Min. Trade 0.01 Lots
Regulated By FCA
MT4 Integration No
Mobile Apps iOS, Android and Windows
Auto Trading No
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1.3 pt
GBPUSD Spread 2 pips
Oil Spread 5 pips
Stocks Spread 0.2% Var
Forex
GBPUSD Spread 2 pips
EURUSD Spread 1.2 pips
EURGBP Spread 1.2 pips
Assets 33
Cryptocurrency
Spread BTC 0.5%, ETH 0.5%
Coins BCH, BTC, ETH, LTC, XRP, MON, DASH,

Trading 212 is an online brokerage aiming to make the world of trading securities and forex more accessible. Our review of the Trading212 service includes information on the platform, trading fees, the demo account (and pro account), minimum deposit and payment methods. We also review the mobile app and offer tips on how to get the best from this broker.

Based in London, the company boasts an easy to use mobile app, with a range of features and functionality making it easy for anyone to start trading across a wide variety of asset classes.

Trading Platform

The trading platform Trading 212 runs on is an extremely strong element of this brokerage service.

Optimised for the mobile user’s experience, the platform is very simple to navigate around, yet offers a powerful range of features, charts and analysis without feeling clunky or overburdened. One excellent feature is the ability to place trades in multiple ways and perform several operations on the same trading pair simultaneously.

Some investors may prefer more complex or feature rich platforms, often found on MT4 – but equally, many will appreciate the custom-built, bespoke feel of the Trading 212 app. The demo account allows traders to experiment with platforms and find the one that suits them best.

Download The App

Assets / Markets

Trading 212 boasts a huge range of over 1800 tradable assets. These include over 150 Forex pairs, a comprehensive range of cryptocurrencies, including Ripple, Ethereum and Bitcoin, as well as more traditional asset types such as indices, stocks and commodities.

Spreads / Commission

Trading 212 offers relatively tight spreads, although admittedly not the tightest in the market. Some assets have better spreads than others, with spreads on cryptocurrencies remaining competitive. One area Trading 212 excels is commission, offering absolutely commission-free trading across a range of asset classes, an enormous differentiating factor between them and other brokers. They do, however, charge fees for currency conversion, although this isn’t unusual.

Leverage

Leverage is offered at rates of around 1:300 for professional accounts, higher than many other brokers. Leverage increases risk of losses, as well as profits, so traders must use it wisely. The maximum leverage does not need to be used for every trade.

Retail traders in the EU will see leverage capped at 1:30 (or lower for certain markets such as cryptocurrency, where the regulators insist of maximum leverage of 1:2)

Mobile Apps

Trading 212 has a purpose-built app for mobile users (available on iOS and Android). It offers full functionality, even allowing trades to be conducted directly from visualisations, a feature unavailable on many other mobile apps. The user experience is excellent, with clear navigation and well thought out data visualisations.

The download is quick and simple, and the mobile application is the flagship product for Trading212. The app has therefore been developed with active traders in mind, and is among the best in the industry.

Payment Methods

Trading 212 offers various payment options, including bank transfers, credit and debit card transactions, and a selection of digital wallets. Full details are available in the FAQ section on the website – but most mainstream funding methods are available. You can withdraw money directly into your bank account (although there are minimum withdrawal limits imposed), and money should be in your account within 2-3 business days.

Demo Account

Trading 212 allows users to easily toggle between ‘real’ and ‘practice’ accounts, removing the hassle of setting up two separate accounts. Setup is very simple, taking under a minute for a new account to be up and running. The same account can be ‘switched’ between real and practise funds, simplifying the use of both accounts.

Offers And Promotions

Trading 212 offer a range of offers to its users, including an up to date economic calendar, detailed (but succinct) technical analysis for each tradable asset, a daily world news update, and a whole host of educational video and written tutorials explaining critical trading concepts, graphs and analysis. Users can browse comprehensive forums for further advice, and the FAQ section is well organised and extensive.

Bonuses

Trading 212 aren’t currently running any active bonus offers, although in the past they have offered a £50 welcome bonus for making a deposit. EU regulators in particular have restricted the use of bonus offers as they think it can lead to over trading.

Regulation And Licensing

Trading 212 is fully compliant with the latest EU regulations. They are regulated by the FCA in the UK, the FCS in Bulgaria, making it one of the most heavily regulated online brokerage services on the market.

That means all trades are fully licensed and users can feel safe and secure conducting business on Trading 212. Filling the position of ‘the most popular trading app’ brings with it a certain level of scrutiny in the press. So, the company has rigorous financial controls and measures in place to ensure it remains fully compliant with the latest regulations.

Trading212 Platform and Chart

Additional Features

Trading212 offers a range of auxiliary features to support its core trading app. These include a detailed economic calendar, daily financial news updates, an in-depth education section with detailed explanations and tutorials of how various elements of trading work, summaries of key industry concepts and terms, and guides on how to use charts to conduct analysis.

Negative balance protection is also offered to regulated traders.

Account Types

Trading 212 technically only offers one account type, meaning fees, charges and leverage are the same for all users. This fits in with the company ethos of ‘democratising trading’. All trades are commission free, and it’s simple to switch between ‘demo mode’ and real mode – the key difference is choosing to fund your account.

Pro Account

Trading212 do offer ‘professional’ accounts. These allow regulated users to access higher levels of leverage in exchange for waiving regulatory protection. Traders can apply directly when they open an account, but must meet certain criteria (trading experience, trade frequency and capital) before being accepted for a Pro account.

Company Details

Trading 212 started out in Bulgaria as a company called Avus Capital, before being incorporated in the UK in 2020. That means the company is regulated both by the Financial Services Commission in Bulgaria, and the FCA in the UK.

Over the last five years, Trading 212 has continued to rapidly grow its user base, and its trading app has been downloaded over 12 million times, making it one of the most popular trading apps in the world. Users can trade stocks, Forex pairs, indices, ETFs and even cryptocurrencies.

Benefits

Trading 212 has a lot to offer potential users. The primary benefit is commission free trading across a broad range of asset types. Particularly for frequent users, these small charges can quickly add up, eating into what can already be tight margins. It’s an extremely attractive prospect for those looking to enter the marketplace for the first time.

Another key benefit is the simplicity and usability of the Trading 212 mobile app. Free to download, easy to navigate and with a deep layer of functionality, it removes a huge amount of the complexity often associated with trading assets, without sacrificing on features. Finally, the range of educational material available is a key draw for those looking to learn more about financial markets.

Drawbacks

Leverage is lower than many other online brokers for Pro clients, with many competitors offering tighter spreads. More experienced investors may prefer the more commonly used MetaTrader 4 Platform to the bespoke Trading 212 app. Metatrader 4 (MT4) integration is also missing at present.

Frequent users could potentially find the focus on mobile off-putting, as many prefer to use a terminal, usually with multiple screens, for more complex analysis.

Finally, some potential users may not enjoy the simplicity of Trading 212: they could be looking for trading platforms with a greater focus on managed services, automated trading or the ability to copy the trades of successful users.

Trading Hours

The platform is available to use 24/7. However, markets for different asset classes are open at a variety of times, so there is a knock-on effect on users’ ability to trade some financial instruments at particular times. This has to be considered on an asset by asset basis.

Contact Details / Customer Support

Trading 212 have an excellent, highly responsive customer service team with an average response time of just 47 seconds. Customer support is available 24 hours a day across a variety of platforms and in 16 different languages, with support centres spread all over the globe.

Safety And Security

The Trading 212 app has been downloaded several million times, with huge numbers of transactions being processed every day.

The core systems underpinning the service are robust and secure, and examining the FAQ section of the website reveals a company committed to the safety and security of user data and finances.

The level of regulation the company adheres to means users can feel reassured that Trading 212 is an incredibly secure platform.

Verdict

In conclusion, Trading 212 is an online brokerage service for investors both new and experienced, with an excellently designed bespoke mobile app, commission free trading, a simple account structure and a whole host of additional educational features. Trading 212 offers fantastic levels of customer support and easy withdrawal of funds. All of this makes it a great option for would-be investors to explore.

On the flip-side, some potential investors may prefer a more browser-based broker, use of the popular MetaTrader 4 platform, or additional features like algorithmic/automated trading or the option of managed accounts.

Accepted Countries

Trading212 accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Trading212 from United States, Canada.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

Like this post? Please share to your friends:
Guide How To Become Binary Options Trader
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: