ForexTB vs Trading212

ForexTB or Trading212 – which is better for UK traders 2024? Compare ForexTB and Trading212 in this detailed breakdown of their platforms, features and fees.

ForexTB vs Trading212 Comparison Table 2024
ForexTB Trading212
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3.6
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2.5
ForexTB is ranked #97 among CFD brokers. Trading212 is ranked #96 among CFD brokers.
ForexTB has closed or no longer accepts UK clients.
ForexTB is a CySEC-regulated multi-asset broker offering CFDs on more than 300 instruments through an intuitive web-based platform or MetaTrader 4. Competitive spreads are available to top-tier account holders with zero commissions. This broker also offers some attractive extra features including daily trading signals and comprehensive educational content.
Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets.
Pros
  • Full range of investments including stocks, indices, forex, cryptos, commodities and ETFs
  • CFD trading tips, webinars and glossary
  • Daily signals and financial news
  • Automated trading supported
  • Rich education centre
  • Free demo account
  • MT4 trading platform
  • Trading Central
  • One of the standout features of Trading 212 is its commission-free trading, meaning you can buy and sell stocks, ETFs, and other financial instruments without incurring traditional brokerage fees
  • Trading 212 has an intuitive and user-friendly platform that is especially accessible for beginners, with a straightforward layout and a reasonable range of tools for analysis
  • The platform offers a good suite of instruments, including stocks, indices, ETFs, currencies, commodities, and CFDs. This variety can help you to create a diversified investment portfolio
  • A sleek mobile app lets you trade on the go. It’s well-designed and offers features similar to the web platform, making it convenient if you prefer mobile trading
  • Up to 5.1% interest on uninvested cash is available, appealing to hands-off investors
Cons
  • Withdrawal fees on some methods
  • Limited customer support hours
  • Fairly wide spreads on some assets
  • Lack of copy trading
  • $20 inactivity fee
  • Experienced traders who rely on sophisticated technical analysis tools will find Trading 212’s charting features to be somewhat basic, especially compared to alternatives like IG
  • While Trading 212 offers leveraged trading through CFDs, there are restrictions on leverage for certain instruments. If you want high leverage for your strategies, you will find these limitations constraining
  • There’s no copy trading, a significant drawback given Trading 212's client base is largely beginners and brokers like eToro offer this feature
  • There is no support for algorithmic or automated trading, nor third-party apps like MetaTrader 4, which will deter advanced traders. IC Markets ticks these boxes
FCA Regulated
No Yes
Instruments
Forex, ETFs, CFDs, Indices, Shares, Commodities, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes Yes
Minimum Deposit
$250 $1
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
CySEC FCA, CySEC, FSC
Mobile Apps
iOS & Android iOS & Android
Trading App

Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.

 

iOS App Rating
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
Yes Yes
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Expert Advisors (EAs) on MetaTrader AutoInvest Portfolio
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$20
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • JPY
  • RUB
  • USD
  • EUR
  • GBP
  • CAD
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • CZK
  • HUF
Commodities
  • Gold
  • Silver
  • Oil
  • Zinc
  • Aluminium
  • Corn
  • Cocoa
  • Wheat
  • Coffee
  • Palladium
  • Cotton
  • Soybeans
  • Livestock
  • Natural Gas
  • Copper
  • Gasoline
  • Sugar
  • Gold
  • Silver
  • Gasoline
  • Oil
  • Copper
  • Palladium
  • Coffee
  • Cotton
  • Platinum
  • Corn
  • Sugar
  • Cocoa
  • Livestock
  • Wheat
  • Soybeans
  • Natural Gas
  • Lead
CFD
ForexTB CFDs are available on forex, commodities, indices, stocks, ETFs and cryptocurrencies, covering 300+ markets in total. The leverage available varies by instrument to a maximum of 1:30 as per EU regulations. Spreads are variable, with no raw spread account available. Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors.
Leverage
1:30 (Retail), 1:400 (Professional) 1:30
FTSE Spread
$0.02 2.5
GBPUSD Spread<
1.8 pips 0.00028
Oil Spread
$0.08 0.4
Stocks Spread
Variable 0.2% Var
Forex
ForexTB offers CFDs on 50 forex pairs, most of which are crosses with USD, EUR, GBP or AUD. Spreads are wide for basic account holders, who are offered 3 pips on EUR/USD, but the top VIP members are offered the more competitive 1.6 pips on the same pair. All accounts are commission free, with no raw spread option. Trade over 180 major, minor, and exotic forex pairs on the Trading 212 platform, featuring floating spreads and leverage up to 1:30. It’s important to note, though, that the forex broker has a history of adjusting margin requirements without providing adequate notice. As a result, CMC Markets is a better pick for forex traders with more currency pairs and a cleaner record.
Assets
50 180+
GBPUSD Spread
From 2.0 0.00028
EURUSD Spread
From 1.6 0.00015
EURGBP Spread
From 1.8 0.00044
Currency Indices
  • USD
Cryptocurrency
ForexTB traders can dip into cryptocurrency markets with around 25 crypto CFDs, paired with USD, EUR and GBP. The tokens available include Bitcoin, Ethereum, Dash, and Litecoin. This is not the widest range of cryptos, but the chance to trade with 1:3 or 1:5 leverage may attract traders.
Spread
Floating
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • DSH
  • BCH
  • ADA
  • DOGE
  • XLM
  • DOT
  • BNB
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
ForexTB Trading212
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