Trading 212 has been prevented from adding Self-invested Personal Pensions (SIPPs) to its product offering by the Financial Conduct Authority (FCA), TradeInformer can reveal.
The stocks and CFD Trading app has been attempting to gain permission to launch a SIPP product for the last 18 months, according to a source familiar with the matter.
However, the FCA has so far not granted the platform the necessary authorisation to do so.
TradeInformer understands the UK regulator has not actually refused to grant the firm the necessary permissions either, however.
Trading 212 and the FCA have been contacted for comment.
Last year Trading 212 hired a number of SIPP specialists, according to our source. This has been verified from LinkedIn.
The broker has not yet given an official timeline for when it plans to launch a SIPP, yet staff on its online forums previously confirmed it had intentions to do so.
In 2020, one Trading 212 staff member, “Alex K”, said “realistically it should be live in 6-12 months from now” but the broker “couldn’t commit to a deadline”.
Later, in 2022 “Bogi H.” said “SIPP and LISAs are not at the top of our priority list” but the broker would “share any news on the progress as soon as they come in”.
In response to a query on Reddit, in January last year, Trading 212’s verified staff account reiterated there was no specific release date but said “SIPPs are coming later this year”.
The reason for why the FCA has not yet given the go ahead for the broker to launch a SIPP was not immediately clear at the time of publication.
In May 2024 Trading 212 launched its Cash Individual Savings Account (Cash ISA), which offers a market-leading interest rate.
In its latest financial accounts for 2024, published in May 2025, the broker reported a 72% increase in stock trading accounts and ISAs. Its client assets under management in such accounts rose 121% over the same period to £6.6bn.
All this contributed to the broker’s UK entity hitting £161.7m in revenue in 2024, up from £104.1m the previous year, making it the second biggest CFD broker in the UK.
In 2021, Trading 212 halted the onboarding of new customers for over a year, after experiencing a surge of new registrations.
That came after the app launched its first ISA, a Stocks & Shares ISA, in 2018 and implemented commission-free later trading the same year.
