Trading212, a technology focused forex broker that obtained a FCA license last year, today announced that it now offers 280 currency pairs, more than any other FCA regulated forex broker.
For comparison the investment services behemoth IG Markets offers a little over 90 forex crosses, London Capital Group offers about 60 and the UK subsidiary of Saxo Bank – about 182 currency pairs.
In addition to the wide variety of currency pairs, Trading212 offers CFDs on single stocks and indices together with a number of exotic trading instruments like GOLD/GBP and SILVER/GBP.
All forex pairs and most of the rest trading instruments are available for trading with zero commission and the spreads are more than reasonable. Targeted spread on EURUSD is 0.9 pips, GBP/USD – 1.5 pips, USDJPY – 1.5 pips, EURGBP – 2.2 pips.
The best part is that the forex spreads are capped, meaning that Trading212 clients enjoy tight spreads even at times of high market volatility or low liquidity. For example, during high impact news releases like US Non Farm Payrolls most of the brokers widen spreads to two-digit number. At the same time with Trading212 you would enjoy spread of just 3 pips on EURUSD, gaining an edge over other forex traders.
Another thing that you may want to know if you are a news trader is that Trading212 guarantees stop loss orders during all market conditions. All stop loss orders are executed at the requested price without any slippage even high impact economic news thus providing protection from excessive loss and negative account balance.