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Trading 212 Ireland review

A fee-free trading platform in Ireland with standard investing and CFD accounts.

warning iconWarning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What is Trading 212?

Trading 212 is a free trading platform in Ireland that you can use to trade shares and contracts for difference (CFDs) without paying any commissions. It also has a demo mode that allows you to experiment with their platform using £50,000 of fictional money to see how your investments pan out.

What products does Trading 212 have?

Trading 212 has two different products available in Ireland:

  • Trading 212 Invest. A general investment account.
  • Trading 212 CFD (contract for difference). Allows you to buy contracts based on the movements of the stocks.

Trading 212 Invest

Trading 212’s Invest account allows users in Ireland to invest in stocks and shares without any commission. Features include:

  • Minimum amount as little as €1
  • No commission
  • No foreign exchange fees
  • Unlimited instant trades
  • Fractional shares

Trading 212 CFD (contract for difference)

With Trading 212’s CFD account, you reap returns by betting on the direction that the commodity or forex pair will move in, instead of directly owning the underlying asset.

Here’s what you can trade with a Trading 212 CFD account in Ireland:

  • Stocks. Trade the movements in the value of stocks like Apple, Tesla and Lloyds.
  • Forex. Trade 150 major foreign exchange pairs with tight spreads.
  • Indices Trade indices such as NASDAQ, S&P500 and UK 100.
  • Commodities. Trade commodities such as cocoa, cotton, coffee, gas, oil and sugar, amongst others.

Features include:

  • Zero commission
  • Tight spreads
  • Stop Loss and Take Profit
  • Negative balance protection
  • Instant execution

CFDs are complex and risky. If you’re new to CFD trading then a little time spent researching them will go a long way.

What’s the difference between Trading 212 Invest and CFDs?

CFD trading is a lot more complex compared with investing in stocks. When you trade CFDs, you speculate on the movements in value rather than purchase the underlying asset or share. This means that you’re not entitled to receive dividends, as you never own the shares.

There’s more complexity to this than just the contract, as CFDs allow for leverage.

If you’re not sure which one to go with, Trading 212 has a demo account that allows you to try it out without real money.

Trading 212 fees, charges and limits

There are no fees for using Trading 212, though there are several limits when it comes to deposits and withdrawals in Ireland.

Minimum deposits and withdrawals

ProductMinimum depositMinimum withdrawal
Invest€1, £1, $1€1, £1, $1
CFD€10, £10, $10€10, £10, $10

Does Trading 212 have an inactivity fee?

No. A lot of trading platforms have a fee that you have to pay if you are inactive with money still held in the account. However, there is no inactivity fee when you trade with Trading 212.

What’s the difference between “practice mode” and “real money”?

Practice mode

Trading 212 has a demo feature on the site that allows you to test the platform out with your own virtual £50,000. Although the £50,000 is by no means real money, the practice mode will give you a good feel of the Trading 212 interface and how it works. You can “buy” any shares that you’d be able to in an actual Trading 212 account, such as Netflix, Amazon and Apple, among thousands of others.

Trading 212 also has a great focus on teaching new investors about the basics of investing and how to use their platform. In fact, they have a YouTube channel with hundreds of videos to teach you about share dealing and some handy guides on the basics and terminology. Trading 212 also has a demo feature for CFD trading, but if you’ve never traded CFDs, this can be overwhelming and may put you off ever looking at a graph again.

Real money

Once you reckon you’ve played around with virtual money enough, you select “switch to real money”. Trading 212 will take you through some basic information such as your contact details and some basics on your income and savings. Choose which accounts you want and what currency you want to make your trades with and you’re good to go.

When buying shares, you can choose how many you want and the app gives you the cost in your chosen currency, which is helpful. You have the choice to create limit orders. This allows you to enter the maximum you’re willing to go to when buying shares. If the stock prices drop below this amount before the end of the day, it will automatically place the order for you. You can also do this when selling shares by entering the minimum you’re willing to sell for.

What can I invest in with Trading 212?

There are more than 3,000 stocks and exchange-traded funds (ETFs) that you can invest in on several different markets. There’s a full list with detailed information on the quantity that you can invest and the market hours on the Trading 212 website. You can also buy fractional shares with Trading 212, which is a small portion of a share. If you get dividend payments on these shares then the amount you’ll receive will be proportionate to the amount you own.

Does Trading 212 allow you to reinvest your dividends?

Yes. Dividend reinvestments in Ireland are possible with Trading 212 and have no additional fees. The dividends that you receive are added as funds. You can decide whether you want to withdraw the dividends or reinvest them. Additionally, with Trading 212’s Autoinvest feature, any dividends you receive will be automatically reinvested into your portfolio.

Is Trading 212 safe?

Trading 212 is regulated by the Financial Conduct Authority (FCA). All client funds are kept in a segregated account. Trading 212 is also protected by the Insurance Compensation Fund up to €20,000 and insured up to €1,000,000 by Lloyd’s of London which protects you if it were to go bust. This doesn’t cover your investments if they don’t work in your favour.

Trading 212 customer reviews

As of September 2021, Trading 212 has a 4.3-star rating (out of 5) on the consumer review platform Trustpilot based on more than 14,797 reviews. This marks a significant increase from just a few months ago when Trading 212 had a 3-star rating and it’s likely due to improvements in customer support made by Trading 212 and the lifting of restrictions levied on certain trades due to the market volatility in January.

Do also note that some of the reviews posted on Trustpilot may not be authentic as they seem to be advertising certain money-recovery services. Thankfully, the reviews are better on the iOS store where Trading 212 has a 4.6-star rating. Customers continue to love how easy the app is to use, especially for beginners.

Trading 212 pros and cons


  • Free to use – there aren’t any fees for trading with Trading 212
  • Can be accessed through a web browser or a mobile app
  • Practise mode allows you to give it a go without risking your own money


  • Customer support is limited to an email webform with no options for live chat or call, even for urgent enquiries
  • The tutorial won’t give much detail on what’s what, so you have to figure it out for yourself

Our verdict

Trading 212 is a feature-rich platform available in Ireland, especially considering that it has no fees. The practice mode is a great way to learn how Trading 212 works, and it offers a huge range of resources to help you learn about investing which is helpful if you’re a newbie. To decide if Trading 212 is the right platform for you, compare your options before signing up for an online broker in Ireland.

Frequently asked questions

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Name Product What you can trade Markets Link
Stocks, commodities, currencies, indices
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71% of CFD accounts lose money
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Shares, commodities, forex, indices, cryptocurrencies
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72% of CFD accounts lose money
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Stocks, commodities, indices, currencies
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CFD Service. Your capital is at risk

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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