Trading21 (trading-21.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.trading-21.com.
Trading21 (trading-21.com) offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Multiple order types|Low minimum deposit|Professional team|Intuitive for beginners
Cons: Some tools only available on higher tiers|Limited cryptocurrency options
I lost a significant amount because Trading21 (trading-21.com) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Competitive fees|Real-time alerts|Comprehensive tools
Cons: No crypto staking
The reporting at Trading21 (trading-21.com) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Regular platform improvements|API access|Fast support response|Fast execution
Cons: Wish they had more educational resources|No phone support on weekends
I found Trading21 (trading-21.com) after a trusted YouTuber reviewed them and the initial impression was positive. But for about five months later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Low minimum deposit|Demo account available
Cons: Wish they had more educational resources
Trading21 (trading-21.com) changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Intuitive for beginners|Regular updates
Cons: Alert system is basic
I wanted to transfer my portfolio from another broker to Trading21 (trading-21.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Multiple order types|Segregated accounts
Cons: Research section could be deeper|Charting tools need more indicators
After spending for just over a year trying to make Trading21 (trading-21.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Market news feed|Smooth onboarding|Clear documentation|Multiple order types
Cons: Alert system is basic
Trading21 (trading-21.com) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Customizable dashboard|Real-time alerts|Smooth onboarding
Cons: Spreads widen during volatile periods
Trading21 (trading-21.com) locked my account without warning and demanded documents I had already submitted. since last summer later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Clean UI|Reliable uptime
Cons: Search feature is basic
I signed up with Trading21 (trading-21.com) from a blog post comparing services and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Excellent charting|Competitive fees
Cons: Cannot customize dashboard fully