• You want no commission on stocks and ETFs in the Invest account, plus a lower FX rate — 0.15%, never more, including at weekends.
• You invest smaller monthly amounts and want fractional shares from €1.
• You want contributions automated through AutoInvest Pies rather than placing orders yourself.
• You’re willing to opt in to a share of interest on uninvested cash, held in qualifying money market funds, which are client assets rather than deposit-guaranteed cash — a mechanism, not a quoted rate: published rates are new-client rates and existing-client rates are never stated.
• You want to hold balances across 12 currencies, or try Practice Mode’s $50,000 virtual balance before going live.

Share lending is closed to Trading 212 EU accounts, which covers the Netherlands. The EU Invest account holds shares and ETFs only — no bonds, funds, options or futures.

• Commission: €0 on stocks and ETFs in the Invest account, confirmed on the price list. No custody fee.
• Account costs: withdrawals, statements, account closure and bank-transfer deposits are all stated as €0. There is no account-opening, maintenance or inactivity row on the price list at all — not a €0 line, simply not there.
• Currency conversion: 0.15% on the live interbank rate, never more than 0.15%, including at weekends. It does not apply to dividends or corporate-action proceeds. A full round trip into and out of a foreign-currency instrument works out to roughly 0.30%. Selecting the instrument’s own currency on an order avoids the fee entirely.
• Funding: bank transfer is free with no limit — the sending bank may charge its own fee. Cards, Google Pay, Apple Pay and other supported methods are free until €2,000 has been deposited cumulatively, after which a 0.7% cost applies to the amount exceeding that threshold. For a Dutch client this matters more than usual: Open Banking has no route into the Netherlands under either entity, so plain bank transfer is the only confirmed fee-free funding method here.
• Interest on uninvested cash: opt-in only, into qualifying money market funds. Without opting in, cash sits in banks and the firm keeps all the interest it receives on it. Where enabled, published rates apply — new-client rates only; existing-client rates are never stated, so no figure is quoted here. Money market fund holdings are client assets rather than client money, and are not covered by a deposit guarantee — Trading 212 is not a bank.
• Third-party payments: Trading 212 states it does not receive them, and receives no fee or rebate for routing orders to its own group’s executing broker.
• Still a cost: the bid-ask spread on every purchase, which widens on less liquid instruments and outside main trading hours.

Source: Trading 212’s published Terms & Fees, legal documentation and help centre, verified August 2026.

• Invest account: 0.15% on the live interbank rate, never more than 0.15%, including at weekends. Applies whenever funds are converted between currencies and on trades placed in a currency other than the account’s.
• Dividends: the conversion charge does not apply to dividends or to corporate-action proceeds.
• Multi-currency: 12 supported currencies on the Invest account — GBP, USD, EUR, CAD, CHF, DKK, NOK, PLN, SEK, CZK, RON and HUF. Your primary currency is fixed at signup. Each order draws from one currency balance only; there’s no automatic top-up conversion, so an insufficient balance in the selected currency can leave an order partly or wholly unexecuted.
• Avoiding it: selecting an instrument’s own listing currency on the order removes the FX fee for that trade.
• CFD account: conversion is 0.5%, and leveraged products carry a high risk of loss.

• The EU Invest account covers shares, fractional shares and ETFs — the mainstream UCITS and global funds most long-term portfolios use.
• Every eligible instrument is available fractionally and inside AutoInvest Pies.
• No bonds on the EU Invest account — bonds are a UK-only product. No mutual funds, options or futures either. If you want those, this account cannot hold them.
• A separate CFD account exists. It is leveraged, applies floating spreads and a 0.5% FX charge, carries a high risk of loss and is not part of a long-term ETF plan.

• No savings plan and no automated investing. DEGIRO’s order execution policy lists eight order types and two validity durations; none of them is a scheduled or recurring purchase.
• No fractional shares, so each purchase commits at least the current unit price of the ETF you are buying and the remainder stays in cash — though for specific assets an order can be placed by value rather than quantity, combined with a limit.
• No demo account, per DEGIRO’s own helpdesk — the first order is a live one.
• The upside of the manual route is control over timing, order type and venue, and the option to batch several months into one order where the per-order fee matters to you.

• Issues an Annual Statement — a breakdown of full trading activity during the tax year, usable when you file — generated in the app under Documents > Account statements.
• Also provides a yearly Costs & Charges Statement, plus trading confirmations and account activity statements.
• Germany only: Trading 212 EU has automatically withheld and remitted Kapitalertragsteuer, the solidarity surcharge and church tax where applicable since 5 January 2026, issuing a Steuerbescheinigung from the 2026 tax year. No equivalent provision exists for any other country the entity serves.
• Everywhere else — including the Netherlands — you build your own figures from the statement and export. Trading 212 states it is not directed at residents of Belgium.

• Available in the Netherlands, Spain, Switzerland and Italy only. Not offered in Germany, France, Ireland or the UK. The Netherlands is in scope, so it applies to a Dutch account.
• Your securities are not lent unless you accept the Appendix Securities Lending and pass the applicable appropriateness test.
• DEGIRO is the counterparty of the client. It transfers legal title to itself, then enters the lending transaction with the borrower — your shares are never lent directly to a third party.
• Where a client opts in, DEGIRO receives Borrowing Fees from the borrower, deducts the fees payable to its service providers, and pays 50% of the remaining amount as a Compensation Payment, credited in the month following the month it accrues — 50% of net lending revenue, not gross.
• It’s all-or-nothing: opting in makes every eligible share, ETF and bond you hold eligible for lending. You can’t choose individual positions, and opting in doesn’t guarantee anything is actually lent.
• Collateral is a minimum of 105% of loan value, adjusted daily — a floor that moves intraday, not a fixed figure — held by Stichting Collateral, with no client access to it.
• Voting rights transfer to the borrower while a loan is out. They’re recoverable by instructing a recall five trading days before the record date, which blocks new loans on that position until at least three trading days afterward.
• Income arrives as a Substitute Payment and may be later than an ordinary dividend. You can opt out at any time — up to three business days for the return of your shares — with a 14-day cooling-off period before opting back in.
• Risks: counterparty risk (DEGIRO could become insolvent), market risk (you remain the economic owner and stay fully exposed to price falls throughout), and the loss of voting rights while a position is on loan.

The specific mechanics above — the 105% collateral floor, the 14-day cooling-off, the three-business-day return, the five-trading-day recall — come from DEGIRO’s securities lending FAQ. That page is published on the Swiss-entity helpdesk; treat these as DEGIRO’s stated mechanics rather than assumed pan-European fact.

• Accounts registered under Trading 212 EU cannot participate at all. That covers the Netherlands, Germany, France, Spain, Ireland, Austria, the Nordics and Switzerland — this is confirmed both by the block appearing on the UK and Cyprus Invest price lists and by its absence from the 61-page EU Invest Terms, which contain no share-lending provision at all.
• The practical consequence: Trading 212’s own stated Invest revenue model is the FX fee plus share-lending proceeds. For a Dutch, German or French client that reduces to the FX fee alone.
• Where it does apply — under the UK and Cyprus entities — it’s on by default, and participants receive 50% of the daily interest, at a rate that is never published anywhere. Invest accounts only.
• Lent shares are not held under the normal client-asset rules. Collateral of at least 102% of value, adjusted daily, replaces that protection rather than sitting on top of it.
• Voting rights cannot be exercised while shares are on loan, though beneficial ownership is retained. Dividends arrive as a manufactured payment of the same amount, which some countries tax differently from an ordinary dividend.

All EU equity orders are forwarded to Trading 212 Markets (Ireland) Limited, which acts as the executing broker and runs its own Systematic Internaliser. Trading 212 IE is authorised by the Central Bank of Ireland as of 1 December 2025. It holds no client money and no safekeeping permission — it executes trades, it doesn’t custody anything, and it appears in no footer or global regulation listing at Trading 212 for any region.

Trading 212 discloses, in its own terms, that routing client orders to a group entity rather than an independent third-party broker can create a conflict of interest — for example, prioritising the group’s commercial interest in retaining transaction revenue over the client’s interest. It states it remains fully responsible for best execution regardless, and that it routes to its own affiliated entity because it believes this delivers the best consistent result, particularly by eliminating third-party broker commissions. Trading 212 also states it does not receive third-party payments for this routing.

Dutch clients contract with Trading 212 EU GmbH, registered in Ratingen, Germany under HRB 101710 (Amtsgericht Düsseldorf), formerly FXFlat Bank GmbH, and licensed by BaFin under licence number 10109603. That entity also covers Germany, Austria, Denmark, Finland, France, Ireland, Iceland, Liechtenstein, Luxembourg, Norway, Spain, Sweden and Switzerland.

A separate entity, Trading 212 Markets Ltd, is registered in Cyprus (HE 409763, Limassol) and licensed by CySEC under 398/21. It covers Bulgaria, Croatia, Czechia, Estonia, Greece, Hungary, Italy, Latvia, Lithuania, Malta, Poland, Portugal, Romania, Slovakia, Slovenia and Cyprus.

Trading 212 states it is not directed at residents of the United States, Canada or Belgium; the Dutch-facing footer extends that exclusion to any country outside the EEA except Switzerland.

• Invest: no commission on stocks and ETFs, fractional shares, AutoInvest Pies, 12-currency balances, and optional interest sharing on uninvested cash. Conversion, funding and spread costs still apply.
• Practice Mode: a $50,000 virtual balance for working through the platform, switched on inside a live registered account.
• ISA: UK residents only — not available under the EU entity.
• CFD: a separate leveraged account with 0.5% currency conversion and floating spreads. High risk of loss, not part of a long-term ETF plan.
• Products on EU Invest: shares, fractional shares and ETFs only. No bonds, mutual funds, options or futures.

• Want contributions placed automatically through AutoInvest Pies.
• Invest smaller monthly amounts and want fractional shares to deploy the full contribution.
• Want a lower conversion rate — 0.15% in the Invest account against DEGIRO’s 0.25% AutoFX.
• Are comfortable with an opt-in interest-sharing mechanism rather than a published headline rate, and are willing to build your own tax figures from the annual statement.
• Are a German tax resident, where Trading 212’s automatic withholding is a genuine edge over DEGIRO — this does not extend to the Netherlands.
• Want to hold balances in several currencies, or to try Practice Mode before committing money.