Trading 212 is commission free trading broker which I use mainly for buying regular smaller positions.
The free commissions allow me to take advantage of price dips and add to current positions in small lots. It also allows me to invest in speculation stocks (High Risk, High Reward), where I don’t want to invest a lot of money.
There is a very easy to use mobile app and a nice and simple web platform that gives you the option to create watch lists and do some basic charting. It is all well laid out very easy to navigate.
When making a trade with Trading212 you also have the option to create your order with a limit price, which is a really useful option especially if you are wanting to avoid slippage (slippage is when your order completes at a different price to when you submitted the order). If the stock is a volatile one or you are unlucky, the size of the slippage can be quite significant.
There is also another very nice feature for people with small accounts that would like to invest in some of the expensive glamour stock like Amazon or Tesla. Trading 212 has the ability to purchase fractional shares. At the time of writing this, Amazon is currently priced at $2,079.28! So at the current exchange rate you would need £1,612.78 just to buy 1 share. The fractional trading allows you buy a proportion of a share so you can at least start to add them to your portfolio.
When signing up for an account with Trading 212 you have 3 different account types available. The “Invest” account which is the standard investing account, the “ISA” which is the stocks and shares ISA and the “CFD” account which allows you to trade stocks, forex, indices etc with leverage.
Access the site below for more information.