Trading 212 review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Trading 212 pairs a flexible Cash ISA with a multi-currency wallet, so it suits savers who hold money in more than one currency and still want instant access. Monthly fees come to €0, currency conversion costs 0.15% and 13 currencies are available.
Key facts
- Best for
- A flexible Cash ISA beside a multi-currency balance, with a monthly fee of €0.
- Rate type
- Variable↗
- Deposit protection
- FSCS up to GBP 85,000↗
- Access terms
- Flexible Cash ISA with instant access; withdraw and add money at any time, interest paid monthly↗
- Monthly fee
- €0↗
- Account kind
- ISA↗
- Legal entity
- Trading 212 Markets Ltd↗
- Headquarters
- Cyprus↗
- Founded
- 2004↗
- Support channels
- Help-centre↗
- Pricing model
- No monthly fee
- Official website
- trading212.com
Everyday accounts
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Elsewhere
- Wikidata
Pros and cons
Pros
- A monthly fee of €0 on the multi-currency account, so holding several balances costs nothing.
- Currency conversion at 0.15% over 13 currencies, below the 0.5% typical cost here.
- UK balances sit under FSCS up to GBP 85,000, with a UK entity authorised under 609146.
- Money can be withdrawn and added at any time on the Cash ISA, with interest paid monthly.
Cons
- Support runs on help centre only, so questions get written answers rather than a phone line.
- The Cash ISA rate is variable, so the return can move with the base rate.
Ready to try Trading 212?
Scored 8.8 / 10 by VaultCue.
Who it suits
- People paid in several currencies who want balances held with a monthly fee of €0.
- Readers who put weight on deposit protection, since UK money is covered by FSCS up to GBP 85,000.
Who should look elsewhere
- Plazo ES, whose fixed rate is set in advance, if you prefer a known return.
- AXI Card Tarjeta y Credito, priced at a fixed rate, if a card suits you better.
- eToro, where deposits sit under EU DGS up to EUR 100,000, if that guarantee matters more than FSCS up to GBP 85,000 here.
Deposit protection
UK deposits are covered by FSCS up to GBP 85,000. The UK business is authorised by the Financial Conduct Authority under 609146, alongside the Cyprus Securities and Exchange Commission at 398/21 and the MiCA registration MiCA CASP 21380045KC28948FNE32. Further authorisations cover Bulgaria through the Financial Supervision Commission at RG-03-0237, Germany through the Federal Financial Supervisory Authority at 10109603 and Australia through the Australian Securities and Investments Commission at AFSL 541122.
The company behind it
The accounts are run by Trading 212 Markets Ltd, a group founded in 2004 and headquartered in Cyprus. Alongside the UK Financial Conduct Authority and the Cyprus Securities and Exchange Commission, the group is registered with the Financial Supervision Commission in Bulgaria at RG-03-0237, the Federal Financial Supervisory Authority in Germany at 10109603, the Australian Securities and Investments Commission at AFSL 541122 and MiCA at MiCA CASP 21380045KC28948FNE32. Support runs on help centre.
How Trading 212 compares
8.8 vs 8.6
8.8 vs 9.5
8.8 vs 8.0
8.8 vs 8.9Deposits at eToro sit under EU DGS up to EUR 100,000, worth weighing against the FSCS up to GBP 85,000 covering UK balances here.
8.8 vs 8.9
8.8 vs 9.1
8.8 vs 9.1
8.8 vs 8.9
8.8 vs 8.7- 8.8 vs 8.0
8.8 vs 9.0
8.8 vs 8.1
8.8 vs 8.7
8.8 vs 8.0
8.8 vs 9.5
8.8 vs 9.4
8.8 vs 9.3
8.8 vs 9.2
8.8 vs 9.0
8.8 vs 8.7
8.8 vs 8.5
8.8 vs 8.5
8.8 vs 8.5
8.8 vs 8.4
8.8 vs 8.3
8.8 vs 9.0
Where Trading 212 is available
- Available
- Everywhere except Canada, United States
- Licence in United Kingdom
- Financial Conduct Authority (609146), checked September 26, 2026
- Licence in Bulgaria
- Financial Supervision Commission (RG-03-0237), checked September 26, 2026
- Licence in Germany
- Federal Financial Supervisory Authority (BaFin) (10109603), checked September 26, 2026
- Licence in Cyprus
- Cyprus Securities and Exchange Commission (398/21), checked September 26, 2026
- Licence in Australia
- Australian Securities and Investments Commission (AFSL 541122), checked September 26, 2026
- Licence in Cyprus
- Cyprus Securities and Exchange Commission (CySEC) (MiCA CASP 21380045KC28948FNE32), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Greece, Spain, Finland, France, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Frequently asked questions
What does Trading 212 cost each month?+
The multi-currency account carries a monthly fee of €0, so keeping it open costs nothing on that front. Currency conversion at 0.15% is the cost to watch, and the Cash ISA pays interest monthly.
How much of my money is protected?+
UK balances are covered by FSCS up to GBP 85,000. That protection runs through the UK business authorised by the Financial Conduct Authority under 609146, while the wider group is authorised by the Cyprus Securities and Exchange Commission under 398/21. Authorisations also extend to Bulgaria, Germany and Australia.
How many currencies can I hold and what does conversion cost?+
The multi-currency account holds 13 currencies, and each conversion is charged at 0.15%. That is under the 0.5% seen across the accounts listed here, where the spread runs 0% to 7% among multi-currency accounts in this comparison.
How do I get help if something goes wrong?+
Support runs on help centre only. That means a searchable help centre with articles on rates, fees and how each account works, which suits straightforward questions about the Cash ISA or the currency account. Anyone wanting to speak to a person should expect written answers rather than a phone line.
Who runs Trading 212?+
The accounts are run by Trading 212 Markets Ltd, a group founded in 2004 and headquartered in Cyprus. The group is authorised in the UK by the Financial Conduct Authority, in Bulgaria by the Financial Supervision Commission, in Germany by the Federal Financial Supervisory Authority under 10109603 and in Australia by the Australian Securities and Investments Commission under AFSL 541122.
Sources
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“ae_homeMemberState=CY”
- en.wikipedia.org/wiki/Trading_212 checked September 26, 2026
Backs: Founded
“founded in Bulgaria in 2004”
- helpcentre.trading212.com/hc/en-us/articles/1166971997609... checked September 26, 2026
Backs: Currencies, Currency conversion fee
“We support GBP, USD, EUR, CHF, DKK, NOK, PLN, SEK, CZK, RON, HUF, CAD, AUD.”
- helpcentre.trading212.com/hc/en-us/articles/2835464661225... checked September 26, 2026
Backs: Access terms, Account kind, Rate type, Support channels
“Your Cash ISA remains flexible with instant access. You can withdraw and add money at any time.”
- helpcentre.trading212.com/hc/en-us/search checked September 26, 2026
Backs: Pricing model, Monthly fee
“The only fee Trading 212 can charge your Invest, ISAs, and SIPP is the FX Fee.”
- register.fca.org.uk/s/firm checked September 26, 2026
Backs: Deposit protection
Compiled from 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Headline rate, Term, Minimum deposit.
Related by the facts
Trading 212
A flexible Cash ISA beside a multi-currency balance, with a monthly fee of €0.