¿Trading 212 es fiable? 🔍 Mi opinión REAL (NO PATROCINADA)

Summary

In this detailed review of Trading 212, a financial advisor offers an unbiased look at the platform, highlighting its strengths like low commissions, a user-friendly app, and access to major markets. However, concerns are raised about its custody model, which pools client funds together, and the risks of CFDs, which are unsuitable for most investors. While the platform offers a good experience for stock and ETF trading, the advisor suggests that alternatives may be more suitable for those seeking broader international market access or safer investment methods. The video is a valuable resource for independent investment advice.

Takeaways

• 😀 Trading 212 is a popular broker with over 4 million users, offering low commissions and a user-friendly app.
• 😀 It is regulated by reputable authorities like the FCA and ASIC, but uses an omnibus account system, which may not appeal to everyone.
• 😀 The platform offers two types of accounts: 'Invest' for real stocks and ETFs, and 'CFD' for more complex derivative products.
• 😀 CFDs are complex financial products and are not suitable for most investors, with risks associated with leverage and market fluctuations.
• 😀 Trading 212 offers no commissions on real stock and ETF transactions but applies spreads and financing fees for CFD trades.
• 😀 It allows for fractional shares, making it easier to invest smaller amounts in high-priced stocks.
• 😀 Trading 212 provides interest on idle funds by investing them in monetary assets, but this is not guaranteed and could result in a loss.
• 😀 The platform is easy to use, with a clean design and intuitive features like news updates, a portfolio tracker, and social investing.
• 😀 It offers a demo account, allowing users to practice with virtual funds before investing real money.
• 😀 Trading 212 doesn't directly report to the Spanish tax authorities but provides users with an annual fiscal report for tax filing purposes.
• 😀 Despite its advantages like low fees and ease of use, Trading 212's model of custodianship and reliance on CFDs may be drawbacks for some investors.

Q & A

What are some of the key advantages of using Trading 212?

Some of the key advantages of Trading 212 include low commissions, an easy-to-use app, access to a wide range of markets, and the ability to invest in fractional shares. Additionally, they offer no commissions for buying or selling stocks or ETFs, making it an attractive choice for many investors.

What are some of the concerns the speaker has about Trading 212?

The speaker expresses concerns about Trading 212's custody model, where assets are stored in omnibus accounts. They also criticize the offering of CFDs (Contracts for Difference), which are complex and not suitable for most investors. Additionally, the speaker is wary of the potential risks of investing with CFDs and the platform’s lack of direct access to Asian and Latin American stock markets.

How is Trading 212 regulated?

Trading 212 is regulated by several authorities, including the UK’s FCA, Australia’s ASIC, and the Cyprus Securities and Exchange Commission (CySEC). While they are not directly regulated by Spain's CNMV, they are registered with them, which adds an extra layer of security for investors.

Why does the speaker not recommend using CFDs on Trading 212?

The speaker advises against using CFDs because they are complex financial instruments and are not suitable for most retail investors. CFDs also have higher risks, and the European Securities and Markets Authority (ESMA) has even prohibited the advertising of CFDs in Spain.

What is the issue with Trading 212’s use of omnibus accounts?

Omnibus accounts are shared accounts that group assets from multiple clients. While this model is legal, the speaker is not comfortable with it because, instead of holding investments in a personal account, they are pooled with other clients’ assets, which means Trading 212 or an intermediary holds the formal ownership of those assets.

What are some of the extra costs associated with Trading 212?

Trading 212 does not charge fees for opening or maintaining accounts, and there are no fees for buying or selling stocks or ETFs. However, there are small costs such as a 0.15% foreign exchange fee and a 0.7% fee for deposits made with credit or debit cards. Transfers made by bank transfer are free.

How does Trading 212 generate revenue if it charges minimal fees?

Trading 212 primarily generates revenue through the spreads and financing associated with CFDs, as well as currency conversion fees. The speaker also raises the question of whether Trading 212 has other undisclosed sources of revenue and if their low commission model will remain sustainable in the long run.

What features does Trading 212’s platform offer for technical analysis?

The Trading 212 platform provides basic tools for technical analysis, such as customizable charts, access to asset news, price alerts, and some statistics. While it is not the strongest platform in terms of advanced technical analysis, it offers enough features for most users.

What is the speaker’s opinion on Trading 212’s customer support?

The speaker mentions that Trading 212’s customer support is decent but not outstanding. You can contact them via chat, email, or a web form. However, if you contact them in Spanish, the support agents use a translator, which may lead to slower or less detailed responses.

What advice does the speaker give regarding taxes when using Trading 212?

The speaker points out that Trading 212 does not automatically report your earnings to tax authorities or withhold taxes. It is up to the investor to report gains and losses. If you have over €50,000 in a foreign broker, you may also need to fill out specific forms for the Spanish tax office.