Trading 212 Cash ISA Safety OverviewTrading 212 Cash ISA Safety Overview
Trading 212 Cash ISA Safety Overview can do a lot better than putting their money in a bank account, especially if they are willing to do a little bit of research. The new Trading 212 Cash ISA with its market-leading interest rate is an example of this, but many other products offer much higher returns.
The company behind the Trading 212 Cash ISA has a long history in CFDs and have branched out into more long-term investment products recently. They generally get good feedback from customers and often run promotions like free share giveaways or refer a friend offers to entice people to open an account.
Trading 212 Cash ISA Safety Overview: Risks, Protection & Benefits
They are FCA regulated, so you can be sure they are subject to strict rules and independent checks. They also have the benefit of FSCS protection – in the event that they were to go bust, you could claim back up to PS85,000 of your savings.
As a pure online service, Trading 212 does not have any high street presence and only provides customer services through email and phone. This may be a turn-off for some people who prefer to talk to someone over the telephone or have a high street branch nearby.
As a relatively new product, the Trading 212 Cash ISA does not have a particularly strong track record and may be considered riskier than more established options. If you are concerned about the riskiness of your ISA, then you may want to consider a more established provider with a longer track record.