National Client Identifier (NCI) is a unique combination of symbols (numbers or numbers and letters) that every person who is performing trades within a financial institution such as Trading 212 needs to be identified with. Each country has specified the exact NCI that its nationals should possess.
Where can I find my National Client Identifier?
The National Identifiers differentiate depending on the client's nationality and range from personal identity codes through passport numbers to tax numbers. In most cases, your NCI will be included in your personal ID document (identity card or passport). There are some cases, such as the United Kingdom, which uses the National Insurance Number, which might not be included in your ID document. Another example is the Netherlands, where the passport number serves as the NCI.
Why do you need to confirm my nationality?
Every European-based regulated broker that offers financial services is obliged to comply with the MiFIR regulation that is related to the reporting of trading shares or other stock market listed instruments. Therefore, Trading 212 must confirm your nationality with your NCI.
What if my nationality is not confirmed?
Not confirming your nationality and identity will lead to your account being set to Close-only/Sell-only mode, and your ability to open positions or place new Buy orders will be restricted or disabled until the number is provided. If you have not confirmed the information for a prolonged period, further restrictions might be applied.
In case this information hasn't been confirmed, you can contact us by providing your NCI so that such limitations concerning your Trading 212 account are avoided.