Trading 212 Expands Debit Card Services to 20 European Countries Through Partnership with Marqeta

UK-based retail trading platform Trading 212 has announced the expansion of its debit card services to 20 countries across continental Europe through a collaboration with Marqeta.

The launch, revealed on Wednesday, comes a year after the company first introduced its debit card in the UK market. The new card will provide European customers with benefits such as zero foreign exchange and account fees, along with a 0.5% cashback reward on spending.

Trading 212’s CEO, Mukid Chowdhury, stated that the company aims to enhance stock market accessibility, offering investment opportunities to over 3 million customers across the UK and Europe that were previously not easily available. He emphasized that the Trading 212 card, powered by Marqeta, serves as an extension of the brand, ensuring that the platform remains an integral part of customers’ daily financial activities.

The partnership with Marqeta has enabled Trading 212 to streamline the process of launching its debit cards, facilitating a faster rollout compared to building the infrastructure independently.

To enhance security, Trading 212 leverages Marqeta’s fraud prevention tools, including AI-driven Real-Time Decisioning, which detects high-risk transactions and alerts users to potential fraud. Additionally, the platform incorporates 3D Secure technology, requiring cardholders to verify their identity during payments for added protection.

Marcin Glogowski, SVP and Managing Director for Europe and UK CEO at Marqeta, noted that Marqeta’s scalable platform allows innovative brands like Trading 212 to accelerate market entry and capitalize on the growing demand for stock trading solutions.

Founded in Bulgaria in 2004 under the name Avus Capital and later incorporated in the UK in 2013, Trading 212 primarily operates within the UK and the European Union. The company generates revenue through three entities based in the UK, Cyprus, and Bulgaria.

While the platform initially focused on offering contracts for differences (CFDs), it has recently shifted its emphasis towards stockbroking and is now diversifying into payment services with the introduction of debit cards.

In 2023, Trading 212 secured a cryptocurrency license in Cyprus but has yet to disclose specific plans for its involvement in the crypto sector. In 2022, the company closed its German entity and transferred client funds to its UK and Cypriot divisions. However, it recently resumed onboarding German clients following the acquisition of local CFDs broker FXFlat.

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