Annual Costs & Charges Statement

To show your costs as a percentage, we divide the total fees paid by your "Total Investment." We calculate this differently depending on your account type. 

We look at the average value of the cash and investments you held with us.

• The Logic: We look at your balance every day your account was active (where you held cash or stocks) and calculate the average.
• The Benefit: If you only joined midway through the year, we don’t dilute your average by including the days you weren't with us. This shows the fair "drag" that costs had on the money you actually invested.

To show your costs as a percentage, we divide the total fees paid by your "Total Investment." We calculate this differently depending on your account type.

We look at the total size of your trades.

• The Logic: We measure costs against the total market value of the positions you managed (your "economic exposure").
• The Benefit: Since CFDs use leverage, your trade size is often much larger than the money you deposit. This method shows the true scale of your trading activity rather than just comparing costs to your cash balance.

Product costs

These are costs related to the financial instruments themselves or third parties.

• Spread: The difference between the buy and sell price (for CFD).
• Government Taxes: Charges like Stamp Duty (UK) or other transaction levies.
• ADR Fees: Pass-through fees for holding American Depositary Receipts.

Service Costs

These are fees for the services provided by Trading 212 or payment providers.

• FX Fees: The cost of converting currency when you buy or sell an asset in a different currency than your account base currency.
• Deposit Fees: Charges for specific deposit methods, such as card deposits via Adyen.

Cumulative Effect

This table shows the total impact of all costs on your portfolio. It compares your Gross Return (your profit/loss before costs) with your Net Return (your profit/loss after all costs are deducted).

For most customers, the cost percentage is a low, single-digit number. In some cases, it may appear much higher - even above 100% (see example below). This is not an error. It reflects how the percentage is calculated for certain types of account activity.

"I deposited, traded, and withdrew funds on the same day"

Your cost percentage is calculated by dividing total fees by your average end-of-day balance across the year. If you deposited money, traded, and withdrew your funds all within the same day, your balance at the end of that day would be zero or very close to zero. A near-zero average balance makes the percentage appear very high, even when the actual fee amount in your account currency was small.

"I traded frequently and kept a small balance"

Each time you buy US-listed shares from a non-USD account, an FX Fee of 0.15% applies to the transaction. If you made a large number of trades throughout the year while maintaining a small average balance, these fees accumulate across each transaction. In some cases, the total fees can exceed your average held balance, pushing the percentage above 100%. This is not a mistake - it reflects the relationship between your trading activity and the average amount you held with us over the year.

A note on high percentages

A high percentage does not mean you were charged more than your account was worth. If you have any questions about a specific charge on your statement, please contact our support team.

To improve security and accessibility, we no longer send these reports as raw PDF email attachments. Instead, we provide them directly within the app.

1. Open your Trading 212 app.
2. Go to the Menu tab.
3. Select Documents.
4. Tap on Account Statements.
5. Select Cost & Charges to view or download your report.