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.
My withdrawal from Trading21 (trading-21.com) was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. for about ten months of being strung along.
Pros: Fast deposits|Instant funding
Cons: Currency conversion fee exists
I gave Trading21 (trading-21.com) a fair chance. After for the past year and a half of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Instant funding|Smooth onboarding|Multi-currency support
Cons: Wish they had more educational resources|Limited social trading features
Do not be fooled by the professional-looking website. Behind the scenes, Trading21 (trading-21.com) is disorganized and incompetent. I found them after comparing multiple platforms and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: No hidden fees|API access|Segregated accounts
Cons: Desktop app not available on Linux|Research section could be deeper