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 | Trading212 |
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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 | |
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Cons | |
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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.
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iOS App Rating | |
Android App Rating | |
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 | |
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Commodities | |
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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 | |
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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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
ForexTB | Trading212 |
More Comparisons | |
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