CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When opening a CFD account, you will be required to complete a questionnaire to determine your knowledge and experience. Given the complexity of CFDs and their potential unsuitability for certain investors, this test aims to gauge your ability to manage associated risks.
Successfully passing the assessment will allow you to continue with the verification process. In case your answers prove unsuitability for such trading, your account will be placed in a ‘cooldown’ period, and after that period has passed, you will be able to retry.
If you trade under Trading 212 UK Ltd., you may instead choose to watch three educational videos on the previous questions, after which you will be able to retry the questionnaire immediately.
In case you trade under Trading 212 Markets Ltd, you can retake the test after the cooldown period expires.
