I really love Trading 212, the platform and the community, but yesterday I made a decision to move my funds and continue my investment and trading with a local broker in Sweden.
As is the case with many places, Sweden has different types of savings and investments accounts, each preferable in different way. The investeringssparkonto (ISK) is Sweden’s investing saving account; guess that what ISA I am reading about from fellow Brits on this forum. The ISK is not taxed for capital gains, and you don’t need to report account activity to the Swedish tax agency, I guess only dividends are different and there is an Endowment Insurance Account that works better with foreign dividends.
I really love the aesthetics and power of Trading 212’s web and Mobile apps; charts, pies, auo-invest…etc But I am into investing and trading first and foremost to maximize my savings without a lot of hassle doing so, and until an ISK is made available on a platform, I think it would be more efficient to stuck to the less appealing and feature-poor local banks and brokers with such peace of mind offered.
Hope this is in the plan, even if it isthe long-term one, and I will sure be keeping an eye to come back whenever this is offered.