I use Trading212 since October 2019. Today for the first time I got an e-mail from T212 telling me the following:
“A new document - 2021/2022 Costs and charges report, is now available in your Trading 212 account. View it in the Documents section of the Trading 212 app.”
I opened my app and found a two pages document stating different costs on different lines:
Product Services costs:
One-off charges = 0
Ongoing charges = 0
All costs related to the transactions = A not so negligible amout as it is almost 1% of the amout I have invested.
Investment services costs:
All costs related to the transactions = a rather small amout
Any charges that are related to ancillary services = 0
Incidental Costs = 0
On some footnotes I can read that the large amout above is related to Government fees, levies and taxes such as Stamp Duty, Financial Transaction Taxes, SEC fee, Withholding Tax, etc.
The rather small amount seems to come from FX Fees.
Do you all receive such documents? Is it normal that I only received my first one now? Do I need to do something with this? My understanding is, that it is already paid. I am mainly unsure about the large amount. I think most of it are withholding taxes on dividends but I am not so sure.
Many thanks in advance.