Trading 212 have just announced that they will start charging foreign exchange fees on their platform.

The fee will be 0.15% every time you make a transaction in a currency other than your account one.

But this is a platform that has continuously told all of their 1.4 million customers, most of whom joined in the last 12 months, that they are not like the other brokers and that they do not charge fees.

Their entire marketing strategy and everything they have always said highlighted this point which naturally enough is why they have built such a huge number of accounts.

But when you put some of the other things that have happened with Trading 212 recently like the timing of the suspension of new accounts and the refusal to develop multicurrency accounts despite it being the most requested feature, questions naturally arise.

Was this all a complete coincidence or is this simply their business plan which happens to not align with what has been said over and over to new customers?

I don't know - I don't work for Trading 212 and I don't know when they were planning what, but I felt that it is something that needs to be talked about.

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