Trading 212 Starts Onboarding EU Residents into Its Platform

Trading 212, a UK FCA-regulated broker, has started onboarding European Union (EU) residents into its new platform, which is operated by the branch Trading 212 Markets Limited – the new EU Trading 212 broker licensed by the CySEC.

At the end of last year, Trading 212 customers started to get a message to accept new conditions as Brexit loomed. "Due to the upcoming Brexit, in order to continue using our services, you have to agree with the following: you are trading with Trading 212 UK at your own initiative; You are trading with Trading 212 UK based on an ongoing relationship; You are aware that Trading 212 UK is authorized in the UK, which is no longer part of the UK; You are aware that you will benefit from UK regulatory protections exclusively."

That means although EEA customers would remain as clients of Trading 212 UK and thus their accounts will be regulated under the FCA rulings, they won't get additional EU protection.

Earlier in June, It was reported that Trading 212 secured an additional capital of $8.5 million, made by controlling shareholders Borislav Nedialkov and Ivan Ashminov. The broker will use the investment to support the growth of the business both current and expected in the future.