Trading 212 is a low cost investment platform with an unbelievably high cash savings rate. It also offers commission-free stock and ETF dealing, the ability to buy fractional shares, and you can invest in multiple currencies avoiding foreign exchange fees (which they only charge a low 0.15% for anyway). They have around 2,000,000 customers globally mainly due to their simple, easy to use app, no minimum deposit and low trading costs. They also offer the ability to invest in riskier contracts for difference, but this is not available within an ISA and is better suited to advanced traders who can manage the risks involved.Go here :theinvestorscentre.co.uk

The company makes money primarily from the spread between the highest or ‘offer’ price to buy an asset such as a share, and the lowest or ‘bid’ price for them to sell it. They also take a cut of the profits made by investors who trade CFDs which are more suited to advanced traders than beginners and have been known to lose significant amounts of money.

Trading 212 Cash ISA Review – Benefits and Risks Explained

Another way they make money is from the interest they pay on any uninvested funds in their investing accounts. This is currently at a market leading 4.9% and is paid daily. This is worth bearing in mind as it means any money held on the platform would not benefit from FSCS protection if anything went wrong.

The Trading 212 Cash ISA is an impressive offering and has many features that rival more established providers like the high street banks. However, the lack of a high street presence and a short track record could put off some cautious savers.