The trading 212 invest account is a unique offering from the UK-based broker. It allows investors to buy and sell fractional shares in a tax-efficient environment, with earnings shielded from capital gains tax and dividend tax. It’s particularly appealing for individuals with a long-term investment horizon and aspirations to build a retirement nest egg. More info theinvestorscentre.co.uk

The account opening process is completely online and can be completed through the Trading 212 website or mobile app. Upon registration, you will need to upload documentation proving your identity and answer the trading survey. Once verified, you can choose an account type and base currency. Invest accounts are free, but you will have to pay currency conversion fees when depositing or withdrawing in currencies other than your own. To avoid these charges, it’s a good idea to use a multi-currency bank account so you can deposit and withdraw in the same currency as the asset that you’re investing in.

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Trading 212 is regulated by the Financial Conduct Authority, FCA, and deposits are protected up to PS85,000 through the Financial Services Compensation Scheme. The brokerage also offers a demo account so users can test out the platform before they commit any funds. It’s important to remember that no matter what account type you choose, all investments are subject to market risks and volatility. It’s recommended to start small and gradually increase your exposure as your confidence grows.