Trading 212 offers 5.2% interest: what's the catch?

Trading212 has just increased the savings rate to a table topping 5.2%. So should you be moving your money? Well, it's not a true savings account so you need to know the risks first.
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A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[@thomaseast7699]

Excellent info. Probably going to 212 in April, really good to know.

[@B0NES1000]

This week Plum and Moneybox increased their rates to 5.17% AER and 5.16% AER respectively.

[@benyoung8756]

Thankyou so much for explaining.

[@leona_devon]

now that's interesting, that's now how I understand it, you have 2 options with T212, CFD's (avoid like the plague) and Stock and shares ISA, once you open the ISA and put your money into that, then you should be protected.

[@Dosh__]

Depends on what you mean by protected. You either put your money into Stocks. This can go up or down. Or leave it as "Cash". Trading212 then invest that in Money Market funds, which are ultra short term bonds, which pay interest, close to SONIA. This has very minimum risk and is not protected by FCA/FSA.

[@sam-zg6ps]

So if I’ve enable the internet on cabs and then decide to disable the Interest in cash will I get my fscs protection back

[@Fredd165]

If I had a S&S ISA with T212 in FY22 and then opened a new SSISA with a different provider. Can I still opt into the interest offer on my SSISA with T212 and it won’t impact my ISA allowance?

[@adrianl5899]

Tip: it's possible to max the Santander Edge Saver (£4k @ 7%) and not pay any fee. This is achieved by simply not setting up any direct debit on the associated Edge current account.

[@Mazwell96]

but i thought you only open the saver by having an edge current account, the edge current account requires 2 direct debits and a £3 monthly fee

[@adrianl5899]

@@Mazwell96 You definitely need to have an Edge current account in order to open the Edge Saver. However, you don't have to have direct debits on the Edge current account if you don't want to. With no direct debits, you won't pay a fee (and obviously don't earn cashback on direct debits, since you have none). All 3 adults in my family do this, as do countless people on Moneysavingexpert (where I learnt to do it). The previous Santander offering worked exactly the same before Edge came about, and it still works.

[@adrianl5899]

@@Mazwell96 My reply seems to have disappeared. Anyway, the terms of the Edge current account say they'll start charging the current account fee when you meet the criteria for cashback... so if you never set up direct debits on the Edge current account then they don't charge a fee and you can still use the associated Edge Saver. If anyone does join them via the switch incentives though, which often stipulate DD do need to be switched in, then that's different.

[@petehiggins33]

Most if not all of the execution-only stockbrokers have resumed paying interest on uninvested cash but their rates are much lower than this, typically 2-3%.

[@sender5804]

most pay you nothing

[@petehiggins33]

@@sender5804 The ones I checked, Hargreaves Lansdown, Interactive Investor, Barclays Smart Investor and AJ Bell all pay interest on uninvested cash.

[@okunrin3]

Thank you so much. I too wondered why they want me to press the “I want interest” button. I just thought so far I keep the total amount (investment and cash) below £85k my money is covered if they go bust. It’s concerning to know that it’s at risk. I’ll keep to normal savings.

[@mrhiccups2470]

i thought it was safe as long as its below 85

[@matejsalat7291]

I have contacted support and asked about whether you lose the right to FSCS when getting interest on uninvested cash and I received this response: "No, earning interest on your uninvested funds does not affect your right to FSCS protection. Your funds and assets held with Trading 212 are still protected by the Financial Services Compensation Scheme (FSCS) with compensation coverage of up to £85,000, even if you choose to earn interest on your uninvested cash." So I believe you are safe :)

[@mrhiccups2470]

@@matejsalat7291 Hi thank you does this apply for the qmmfs? as in its protected up to £85,000

[@_.Madness._]

@@matejsalat7291 Then what is the catch? 🤔

[@shanecantwell227]

I make use of this as it’s a great place to put the money before I move it into my S&S ISA on the 6th April 😊

[@OH2023-cj9if]

Is it free from tax on interest? Or can that interest be paid in to the ISA?

[@B0NES1000]

@@OH2023-cj9if it has an invest ISA yes

[@gilcarag274]

@@OH2023-cj9ifyour cash already sits in the ISA before being invested so it’s tax free.

[@Jcntm1]

Thanks, really useful video!

[@richardh4689]

Does any money sat in cash come under the ISA wrapper if you hold one with T 2-1-2 and have spare capacity in there? Or are you still liable for any income tax if you go above the thresholds?

[@fraggr6913]

Trading 212 shows you what % is in a bank account and % in QMMF. Currently mine is 100% bank accounts, and so is FSCS protected.

[@user-ec7oe1bl8y]

Mine is 100% in the QMMF all £20k of it wtf

[@fraggr6913]

@@user-ec7oe1bl8y mine is 100% QMMF now too, it changes almost daily.

[@Lara__]

I like trading 212 but they don't offer a SIPP so I'm on freetrade instead. But I like some features of trading212 such as profits from loaning your shares

[@cianog]

For me a MMF is a no brainier in a isa if your balance is large enough and you are looking for income only.

[@dragonflymagee]

that speed at the end of the video made me laugh so hard!

[@DJN1012]

Great vid! Thanks for the breakdown

[@jennyverano5576]

Ulster bank also offers 5.2% on balances over 5k

[@BeCleverWithYourCash]

Yes, though you now have to be an Ulster bank current account holder to get this

[@pri5748]

Shit, didn't know this

[@davidg9866]

I think the main benefit is that its 5.2% interest on unlimited balance and it does NOT count toward your interest allowance if held in their ISA account... I dont think anything else can beat that at the moment?

[@TheWealthUniversityOfficial]

It’s the best.

[@ch0293]

Just don't keep much money in while you keep investing

[@JamesVWorld]

Your card is limited to your non-ISA account, so you're not protected by your ISA wrapper

[@davidg9866]

@@JamesVWorld I'm saying when held in the S&S ISA though, without using the card

[@stewartdahamman]

Still limited by your ISA limit

[@maugre316]

Using T212, getting the 5.2% and 1% cashback for deposits. I'm not getting that much return anywhere else at the moment.

[@user-im9zp4yp9x]

Considering they are potentially investing this money will the any profits generated from uninvested cash be considered for annual CGT or interest allowance?

[@Dr.JubairsFinance]

Really hard to beat, but ofc MMFs are outside the comfort zone of most people

[@tf2368]

Money market funds, what a boomer

[@NightElff88]

QMMFs > MMFs. QMMFs are totally safe.

[@paulevans2246]

Ofc?

[@paulf3353]

Keep in mind that they also offer that in ISA account so you DON"T pay any tax on this interest! If you do with bank, with normal savings account, you'll be paying it

[@JamesVWorld]

Your Trading212 card is restricted to your non-ISA account on the app, so your interest is not held within your tax wrapper.

[@paulf3353]

@@JamesVWorld I'm not talking about card. I don't even have their card. You can get this yield by enabling interest on cash on ISA account, which is huge, that's what I'm talking about.

[@ThomasTube0303]

Hi Guys..I Have Used Up My ISA Allowance For This Year. I Will Put In Say £1K Into Trading 212 , Dabble Say £500 For The Year And Keep The Other £500 For The Interest.Paul I Understand What You Are Saying But I Think The Interest Rate Is Variable My Bricks And Mortar ISA Is Fixed For 1 Year But The Rate Is Lower Though. The FSCS Protection Is Very Important (Northern Rock) So While I Am Willing To "Invest" 1K I Think A Lot Of People Are Going To Be Worried About The Up To Max £20K Especially If It's Just Sitting There For The 5.21%

[@paulf3353]

@@ThomasTube0303 Of course it is variable, it is based on BOE base rate in a first place. The benefits of having it in T212 Isa is pretty simple - you can take it out at any time, it might be important to you or not. If you've used up your isa - it is irrelevant to you. If you are worried about brokers collapsing, I suggest to use US brokers instead, like IBKR, they also pay interest and you're protected by half a million I think.

[@eweng903]

Trouble with using 212 for cash is the lack of FSCS protection, and the fact that lump-sum investing tends to out-perform PCA knocks out a real use-case for holding a pot of 212 "cash" in their trading app system.

[@ryanmilner7169]

So it wouldn't be covered by the fscs ?

[@GavinLawrence747]

no

[@OH2023-cj9if]

The money sitting doing nothing until you use it to buy shares with is not protected if you ask T212 to invest it until you use it.

[@laurab4868]

My Halifax regular saver offers 5.5% interest, yes there are restrictions but I’d rather use 212 for my stocks and shares. The Halifax one isn’t easy access but I’d rather it that way.

[@OH2023-cj9if]

But your regular saver only pays half the advertised rate on the total amount you invest in a year. It's due to how the rate is calculated. I got scammed by first direct offering 7%, I only got 3.4% on 3600 in a year.

[@OH2023-cj9if]

You can get easy access accounts at near 5%, why bother with regular savers?

[@James-zu1ij]

@@OH2023-cj9if These type of accounts are only good for the first and second deposit. you can put the max amount in for the first 2 months and then reduce you contributions to a minimum. Then seek out a another bank account and do the same thing with that. i.e put small amounts scattered among different accounts

[@beat2befit]

Which easy Access account offers 5%? ​@@OH2023-cj9if

[@brt6626]

Hi Andy please could you cover their new T212 debit card in an upcoming video, I have been considering it and would like to know your thoughts

[@psprog]

It's wrong about losing the FSCS protection. You don't with the cash that is "in the bank" - it's in their FAQ. Mine has been 100% bank since I transferred my ISA a couple of months ago, apart from today when I sold some shares and it's dropped to 92%. I expect it to move back up towards 100% in the coming days.

[@CinobiteReacts]

Do you lose FCS protection on just the 5.2% cash or on your entire portfolio?

[@69ekiso69]

Trade Republic gives 4% interest rate with easy access too, is it the same case you're covering here? You also have an extra step to get that interest so im wondering if it's the same case as here.

[@mmartin4978]

Answer appears at 6.35

[@garethlaidler539]

Well done Andy Is it just the cash sitting in the account that’s not protected or the stocks and shares as well.

[@Discrepancy212]

I’m sure they can offer a great return, as you do a forex trade like 270,000 GBP/USD and you take the green, then you do the same trade 4.5 minutes later, same direction, almost identical but suddenly your stop loss triggers and you say WHAT!! WHAT HAPPENED ! When your statement comes you notice the 3,520% increase in the mark up (very liquid mark up) on the spread !!

[@belindalarmour5457]

The Ulster Bank loyalty saver account pays 5.2% if your balance is over £5000, not up to £3000 which I think you mentioned

[@RS-py6vm]

Is this rate also available on their S&S ISA?

[@NightElff88]

Yes, that's the whole point

[@Casualclips17]

Yes I use it in mine very happy so far

[@coachsoappill]

Lightyear is 4.5% they take a 0.75% fee. not sure of its put into a MMF though

[@anantg6749]

If i put 10K as uninvested cash in ISA account in trading 212, will the interest earned be tax free (as its a ISA account)?

[@DailyKaizen]

Yes a stocks and shares isa can hold cash and make tax free interest just like a “regular” cash isa

[@philzvids3577]

As someone holding a Trading 212 stocks and shares ISA, but also a novice, I would say the answer is no. You transfer money to Trading 212 and it sits there. If you haven't signed up to the 5.2% interest discussed in this video then you get zero interest. If you do sign up, then you are liable for tax if you go over the interest earned threshold. As soon as you invest the money into the stocks and shares ISA, your profits from that are tax free. Just be aware that if you buy UK shares you pay 0.5% stamp duty at the time of purchase. Blame HMRC not Trading 212. If you buy USA shares then there are different charges for money exchange. Trading 212 sort all this out for you and it is really easy.

[@philzvids3577]

@@DailyKaizen I don't believe this is true, but I'm happy to be corrected. Money transferred to Trading 212 sits there until you specify which shares you wish to purchase. If the money is uninvested it is not in the ISA. I see no mechanism to push the money into the stocks and shares ISA without specifying exactly how it is to be invested.

[@ILOVEGERMANTECHNO]

@@philzvids3577it’s categorically tax free and does not utilise your personal savings allowance.

[@bagballgolf2406]

Once your money is I'm an isa whether it be cash or stocks and shares isa, its tax free whether the money be invested or not at any given time it is still in the tax wrapper of the isa, you are not fscs protected for the cash side once you opt into he 5.2% as it's invested possibly in a qmmf, bit all stocks or etfs bought are ringfenced and are protected shoukd something happen to t212

[@curiousjoe395]

Are you using your annual ISA limit by parking cash into this account? Also, are there any fees for this?

[@joshfunnell1858]

Yes, uninvested cash also makes up part of your ISA utilisation, and no, there are no fees I am aware of.

[@francisdrake6093]

Chip isa now 5.10%.

[@kinggeoffrey3801]

They also want access to your other account and watch how you spend your money. If that doesn't scream alarm bells nothing will.

[@AceLooneyLoz]

If I turn off the Earn interest on savings in the app, do I regain my protection on my money again? Thanks!

[@Andy-si1pl]

I did that and before 100% of my money was in QMMF and 0% in bank. Now it has 0% in Bank and 0% in QMMF so I aint got a clue!!

[@Mrbikertomtom]

Do you know much about CSH2 which I believe is a money market fund also? I think its about 5.1% so very similar for people on other platforms?

[@campbellgray7553]

It's a MMF I use it on interactive brokers, it tracks the SONIA rate of the bank of england essentially.

[@hermes8258]

About 80% into this YT video you verified what I presumed to be the case - this financial service company is in the UK. My request for you and all similar KZbinrs is to state right at the beginning of the video what jurisdiction you are educating about. US, Canadian, Australian - they all make this same ommission.

[@DogScreenTV]

Are trading 212 fscs approved. In other words is 85k covered by the government if they go bump?

[@scottysrunningworld]

Are you still FSCS protected with Stock holdings to £85K if you op into the 5.2% interest? Also can you op out of it?

[@markfoxwell2411]

Trading 212 say they have plans to launch a cash isa at the same rate in May.

[@wafflecat8125]

trading 212 seems don’t offer cash ISA right now?

[@SteveMoore1969]

Thank you for invaluable information. I never read small print and will never knowingly open a "bank account" where you loose fscs protection! I would have opened your video with this and not wait until 6min 30sec.

[@crg92]

So if your lose the FCFS protection on the "uninvested cash" when earning the 5% interest rate. Are you still protected on your invested cash?

[@robson15rc]

No because it’s invested into something, the investment could go up or down or the company could go bankrupt, ultimately leaving you with nothing

[@crg92]

@robson15rc yeah I get that but for instance if Trading 212 went bankrupt one day.. would I get my invested cash back?

[@robson15rc]

@@crg92 they should move to another provider I believe but I can’t remember what the exact procedure is, because you have actually bought the underlying asset.

[@krishopkins8899]

​@@crg92Your shares would be safe. Trading212 don't own your shares, it could take a couple weeks to get them back.

[@BillCarrIpswich]

If T212 goes bust and you have money in their 5.2% MM fund - who gets paid first and who gets paid last?

[@AzureSky476]

Thanks for this video, I've decided not to enable this due to losing FSCS protection, that's really shady

[@OH2023-cj9if]

You don't need it, most will pay £20,000 IN and use it straight away to invest.

[@musheopeaus4125]

So the whole amount including the bank savings but isn’t covered ? 212 say it is ,

[@sugelanren]

What are your thoughts on the idea of converting spare cash into csk (Czech crown) to get the 6% interest? Poland and Hungary also have good rates on here (6 and 7% respectively), but I'm using csk asy example as I travel there regularly, and I know the exchange rate is pretty stable. The fee for converting two ways (to brown, then back to euro when needed)would be covered in the first week. A seventh of 1%.

[@MrKlawUK]

do you only lose FCFS on the saving element? Investments are still protected right?

[@DF-wd2eq]

20k in NS&i or 20k in 212 for the interest?

[@OH2023-cj9if]

212 definitely for stocks and shares isa.

[@imrxnz2531]

So if i deposited £1000 on trading 212 sia account. How often would i be making 5.2% of £1000?

[@brismith2728]

So quick question if anyone can answer. If I deposit £1000 with T 212 and activate the interest payment. How much will they pay me at the end of first day ?

[@elementary101Music]

About 13p a day

[@prich0382]

How is it 13p a day? Is it 5.2% annually? So £52 a year for the initial £1000 split over 365 days is well 14p really @@elementary101Music

[@lokeshwaran2022]

Hi, in the entire video, you didn't explain if this interest is taxable if it's more than £500. Can you please clarify this? Thanks.

[@Zimpaz]

It is in their GIA and not in their isa

[@harrybriggs9200]

Can i check if this is still up to date advice? On their website, it does call out....Question - Does FSCS still cover me?. Answer - Yes. If Trading 212 fails, the value of your assets is protected up to £85,000 by the FSCS. This is under the 'pay interest on cash' section.

[@evultoad4]

This is from the FAQ’s Where we hold your money with a bank, you are protected by the FSCS up to a limit of £85,000. Learn more about how your money is protected here. Money placed with a QMMF is treated as an investment and not as money held with a bank. In the unlikely event that the QMMF fails to maintain their low-risk strategy, as with any investment, the protection will not be available. We carefully select all QMMFs to ensure that they are highly liquid, stable in value and maintain their highly regulated status.

[@davelangrell9278]

So i have 20k imvested in stocks in trading 212. I switched the 5.2% interest on when i had spare funds. Is my invested cash still protected?

[@benjaminvolant2469]

No longer protected by the FSCS. That's the catch with qualifying money market funds.

[@blackie1939]

Invested cash (stocks and shares) isn’t protected by the FSCS anyway. You own those stocks, not T212

[@OH2023-cj9if]

Did you not watch the video?

[@James-lq1po]

@@OH2023-cj9if tbf the video doesnt really cover that qu. Investments aren't covered by FSCS anywhere. Sounds like waiting cash would be if you dont opt in.

[@_.Madness._]

Your 20k is gone I am afraid.

[@tommybanger]

I have an interesting question if anyone is willing to share an opinion. Say you have 50,000 that you want to put into the S&P 500. statically lump sum wins DCA more often than not in terms of returns, but I’m lead to believe that those studies are assuming no interest on the spare cash while DCAing. What if while you DCA you park the spare cash in trading212 for the 5.2% interest?

[@blackie1939]

You could DCA the lump sum as well? Leave it as cash and then 2000 per month into the S&P

[@darrenleggatt9345]

Yea but can only put 20k in a isa per tax year

[@OH2023-cj9if]

Don't use abbreviations, you might know what they mean, no one else does. Plain language will do.

[@bdcalling1391]

Is it covered by Fca insurance policy?

[@robson15rc]

No

[@Investmentlofi]

🔥🔥🔥

[@clarenceishmael9615]

Really useful info, especially as I was about to open a 212 isa account as my Vanguard isa is over FSCS limits. First world problem I know but I just want to take every precaution possible. If I go with 212 but don't tick the box for extra interest, is the cash held protected by FSCS regs? Be great to know. Thanks for the info.

[@jennyverano5576]

For how long have you had the account?

[@OH2023-cj9if]

You are not listening! The money he is talking about is money sitting doing nothing until you start buying shares etc. The stocks and shares ISA is protected.

[@syedharisahmed2982]

Is there a withdrawal fee with 212?

[@B0NES1000]

No fees, There wasn't for me last year' but Now I would not know, as I withdrew everything just before the crash last year. I bought GOLD instead.

[@imrxnz2531]

​@@B0NES1000 if I type gold on trading 212 I get more than one option. How do I determine which one is the one to buy?

[@vladvld3433]

Niw who on earth will keep money on an investing platform without investing it. There are shares to be bought every day/ week. Get those dividends in

[@jiti5034]

Are they SIPC protected

[@chris-jh4cx]

No, but Robinhood is.

[@nikhilmodha8650]

@@chris-jh4cx no one using robbing hood brother

[@ElectricWatts]

You have forgot the 20% witholding tax in a general investment account that T212 implement. That puts is at 4.1% unless you use an isa

[@cianog]

No withholding tax in the U.K

[@ElectricWatts]

@@cianog Read the terms and conditions, they withhold 20% to pay to hmrc

[@cianog]

@@ElectricWatts MMFs in a isa are tax free.

[@crazybanditt]

His first comment literally said “unless you use an ISA”..

[@OH2023-cj9if]

They do not pay HMRC as there is no requirement to or agreement between T212 and HMRC to collect tax on their behalf. If T212 are telling you they do, it needs investigating when you get a tax bill. I had my tax code adjusted because no bank or savings provider pays your tax for you in the UK. They INFORM HMRC how much interest you make as that IS a legal requirement. It's for the person to pay tax, so I would send your evidence about T212 to FCA for urgent investigation.

[@kelle_li]

Why don't you cover investing on you channel? Is investing not being clever with your cash?

[@Makalon102]

More of a casual audience and the UK population in general and maybe including him know nothing to little about investing and could alienate his audience

[@SL1CKSHOT.]

Why don't you go down to the bookies or the casino im sure your win

[@travellingtom6091]

​@@SL1CKSHOT. ...and your comment shows why Andy needs to guide people on the subject.

[@nortonchemistry]

​@@SL1CKSHOT.Are you saying investing is like gambling because it isn't

[@Raven-Falco]

Andy doesn’t investing as their is certain element of risk. Your capital is at risk. Potentially lose every penny.

[@HBS444]

i have a easy access santander saver at 5.08% the small gain with lack of FCS protection doesn't seem worth it.

[@Stillbusy105]

Yea but that is changing to 4.2% soon

[@HBS444]

@@Stillbusy105 indeed wasn't at the time i posted it though. 212s rate will also drop inline with with the base rate drop probably before santanders do as they are obliged to give 2 months notice.

[@liamcraighill]

Stick in in snp500

[@johnnicholson6571]

Uninvested funds in S&P500? 😂

[@Casualclips17]

I dont lose FSCS protection on the ETFs I hold do I just uninvested cash?

[@_mklein]

Just in the uninvested cash

[@user-yl9cl2kj3r]

ETFs are not covered by FSCS, only UK investments are covered and ETFs are domiciled in Ireland.

[@OH2023-cj9if]

I can't believe how many people have difficulty understanding what I thought was a very clear plain language explanation. Watch the video! Why does everyone post the same question and want the answer typed out over and over. What is it you all don't understand?

[@MrWalbudri]

Hello all .. can someone help me please .. what interest can i exoect if i put, say £10,000, in a 212 trading account for say a period of 30 days? Thanking you in advance

[@Andy-si1pl]

about £43 (in 12 months you would get £520 on £10000 at 5.2% so divide that £520 by 12) T212 will tell you how much daily interest you can expect for the amount you put in

[@eldrago19]

I appreciate you are not an investing channel, but if I might add, a lot of money market funds are currently paying closer to 5.5%. This is essentially a MMF with poor terms.

[@gpeabody8899]

What are the tax implications, is this seen as taxable interest counting towards your savings interest allowance?

[@SteveHasACamera]

I reckon, inside your S&S ISA, No. In a General Investment Acc, Yes. - Not an expert.

[@simonwl]

Good question! As it's not a savings account then I don't think it's liable for PSA tax. It may be liable under the dividend allowance tax though as the money is actually being invested in a Money Market Fund.

[@BeCleverWithYourCash]

It’s treated as interest, so counts towards your savings allowance in a general investment account

[@coachsoappill]

better than leaving your money in natiowide bank and getting nothing. I just opened robinhood UK it has 5.0% mate

[@artsemkandra]

Hey mate, I have maxed my T212 ISA every year and have a large sum of cash in my personal bank account earning pretty much nothing. This cash is intended for a house but this purchase may come a month or a year from now, so I'm wondering whether it makes most sense to open a T212 general investment account, deposit the cash and earn 5.2% on it and then simply withdraw when the cash is required? Appreciate your views, thanks.

[@jamiescott799]

That’s what I’m doing. Just be mindful that the tax free interest allowance in the UK is £500 for higher rate taxpayers so you will be taxed on interest if you have more than £10k in cash savings. Also withdrawals can take up to 3 business days.

[@phamson7733]

Trading 212 why they are want insurance number is this ok brother

[@Divide_et_lmpera]

Is it a big deal?

[@FrankBoston-dk1px]

I'm thinking to put some cash in stocks, I was at Salt Shack and i overheard some friends saying its ripe enough, but Is this a good time to buy stocks? I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?

[@WelsonDas-wm4it]

Off course, but Just because there are opportunities in the market doesn’t mean you should go in blindly. To understand the potential factors that contribute to your financial growth, I'll advise you to seek the help of a professional.

[@IsabellaEmilyWelson]

Agreed, It's essential to diversify your portfolio. While quality stocks are a solid foundation, you should also consider other assets to spread risk. Thankfully, I can attest to the success of this approach aided by professional guidance seeing my portfolio of $330k grow by 15% this year alone... maybe you should do the same.

[@Matty08Tar]

Why are you so sceptical of trading 212

[@MrJamessell30]

I love Trading 212 but it's always good to maintain a healthy sceptism. Especially about brands you like as you can have rose tinted glasses.

[@misterpositive9337]

Such a shady app 😂

[@investwithliam]

Uploaded my first video on my channel today! It shows how I use trading 212 but might need to rethink my plan after watching this video 😅😂

[@Divide_et_lmpera]

I just watched it and commented :)

[@13mowe]

omg what about the 1% cA$H BACK

[@TheWealthUniversityOfficial]

Trading 212 make a lot of money from the spread rates they more than protect your money.

[@ToeJamAndEarl1977]

DO NOT LISTEN TO THIS. YOU WILL BE CHARGED ACCORDINGLY ON WITHDRAWAL

[@Stillbusy105]

What do you mean?

[@dazza9859]

@@Stillbusy105he means Dirt tax presumably.

[@mattx4253]

Makes me laugh when people think FCA protection makes a difference when these same people don’t even understand the risks of crossing the road or being obese. I once had a person telling me I was taking to many risks with my money whilst they were 30kg over weight. Risk perception in the average numpty is so distorted. Also the tax man will take a big chunk of your money in savings even a small pot attracts tax now.

[@musheopeaus4125]

How to make a simple question into a 10 minute ramble with no conclusion

[@4ndy123]

Stick it in 212 and put it in Tesla. Not finacial advice lol

[@kelle_li]

Down 18% this calendar year so far, not financial advice indeed, horrible advice.

[@PeachesandCream225]

Imagine investing in a company owned by Elon Musk LOL@@kelle_li

[@thejammod]

Yep. Over the long term, I'm expecting 1000 percent return. Perhaps by 2030 if not not sooner.

[@travellingtom6091]

Utter madness

[@esmeecampbell7396]

@@thejammodYou think a car firm with less market share than Renault and worse margins than Hyundai is going to 10x in the next 6 years? They'd need to sell more cars than Toyota to do that... meanwhile every other Auto maker is catching up now Tesla has done the hard work of getting people to care about Electric cars and have already produced cars with longer range for less money. Oh let me guess! Magic robots are just a year away, the Semi truck, the MegaPogger factories are about to be unveiled in China soon, please, the "full self driving" hasn't happened yet and that's been "only a couple years away" since 2014 🤣 You know people were sold Teslas on the idea they'd be able to rent the car out like a self driving taxi when they weren't using it, that'd it'd be the first "passive income" car that would pay for itself, still waiting for that one too!