How To Get Started and Get a Free Share with Trading 212
Would you like to know more about how to get a free share worth up £/€ 100 with Trading 212?
If so, then you’ve come to the right place!
Bear with me for the next few minutes and I will show you step by step how you can get your free share for as little as £1 or 1€.
I have been a user of this app for over 4 years. I must say that the only reason why I originally downloaded it was because it is among the top-rated platforms in the UK. All I wanted at that time was to trade FOREX, a game that didn’t turn up too well for me. For the curious ones, I explained a bit about how I developed this negative addiction here.
At that time, the main purpose of the platform was to offer a contract for difference (CFD) to trade FOREX, commodities, cryptos or hot stocks to users.
But a lot has changed since then.
Let’s get deeper into it.
What is Trading 212
Trading 212 is a British online-based stockbroker with a registered address in London. However, this is only the trading name of the two companies behind; Trading 212 UK Ltd. and Trading 212 Ltd. The former is authorised and regulated by the Financial Conduct Authority and the latest by the Financial Supervision Commission in Bulgaria.
Regulation means that all investor’ funds are kept separately in segregated bank accounts and are covered by the Financial Services Compensation Scheme, FSCS (Trading 212 UK Ltd.) and the Investors Compensation Fund, ICF Bulgaria (Trading 212 Ltd).
So, in the case that the company defaults, the FSCS compensation protects up to £85K and the ICF Bulgaria compensation is up to 90% (with a limit of €20K of our funds).
Therefore, using Trading 212 should be safe.
Trading 212 Fees
This is the part I like the most and the part why you are probably reading this (besides getting the free share).
Is it for real that you can trade with no commission and no fees with Trading 212?
Yup, it is. Even the currency exchange is fair. If you are a saver type of person like me, then you are probably off to the fridge to open up a drink to celebrate it, right? 😉
The only thing you’ll have to pay for is the so-called bid-ask spread. The bid-ask spread is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept. Popular stocks have lower bid-ask spreads and vice-versa.
Confusing? Then check this helpful video out:
How Does Trading 212 Make Money?
This is a common question among investors.
How can Trading 212 make any money without charging any fees or commissions?
Simple. It does so with the CFD account. Their users need to pay a currency conversion charge of 0.5%. In addition, as users are in fact borrowing money to buy assets (leveraging), traders must pay a SWAP interest every time they leave a position open for the next day.
“I strictly don’t recommend using the contracts for difference (CFD) trading account, especially if you are a beginner, as leveraging carries a lot of risks. 76% of retail investor accounts lose money when trading CFDs with Trading 212 “
These are the three Trading 212 accounts available:
There is no maintenance fee to keep an ISA account open, and although I keep most of my money with Vanguard, the fact of not having to pay fees looks attractive to me.
Trading 212 Free Share
Getting your free share with Trading 212 is pretty straight forward.
1 – First, you must be a resident of one of the following countries (updated on 20/10/20):
- The United Kingdom
- The Netherlands
2 – If you are one of the lucky ones then click on the following link next:
2 – Verify and activate your Trading 212 Invest or ISA account. (CFD not included). For that, you will need to send a copy of your ID document (national passport or a driver’s licence for UK residents), a selfie and a proof of address.
3 – Fund your account with the minimum deposit with a debit or credit card which is as little as 1 Pound or 1 Euro. For wire transfers, the minimum deposit is 10 Pounds or Euros.
4 – Wait a business day after approval to get your free share worth up £/€100.
5 – You are now entitled to refer up to 20 people (that is 20 free shares) just like me :D. I’ve personally received 6 free shares so far at the time of writing. My best one is an AstraZeneca share initially worth £74, now £86.5. I’ve also received £1.5 on dividends, that’s free money making free money! I like to give transparency to my readers, so you are welcome to check out my current dividend portfolio, what free shares I got and their value so far on my dividend portfolio page (only those marked with a star * are my free share).
6 – You can sell your free shares after 3 settlement days after the bonus is granted. The cash value of the free share can be withdrawn 30 days after the bonus is received.
7 – Good Luck! And thanks you for using my referral link!
Some Facts I Like and Dislike About Trading 212
- £0 commission investing.
- £0 fee Stocks & Shares ISA.
2500+(4000+) global stocks & 500+ ETFs available.
- Fractional shares (Invest from 1£ or Euro).
- No foreign exchange fees.
- Unlimited instant trades.
- AutoInvest & Pies function is brilliant.
- Tons of educational free videos on YouTube.
- Responsive live chat.
- Get a free share referral program.
- Market notifications that encourage you to day trade (just ignore them).
- Some stocks and ETFs are still missing — no Vanguard REIT for instance 🙁
- It’s tempting to check out your investments on the phone more often than one should. You don’t necessarily need the app in your smartphone to trade, as you can use their website. However, the app gives some information that can only be found there (company ratios, dividends, balance sheet and so on).
Get your free share here: