Trading212 vs KLMFX

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

Trading212 vs KLMFX Comparison Table 2024
Trading212 KLMFX
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2.5
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Trading212 is ranked #96 among CFD brokers. KLMFX is ranked #97 among CFD brokers.
Review
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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. KLMFX offers traditional assets and markets on the MetaTrader 5 platform.
Pros
  • 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
  • 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
Awards
  • Best Broker for Experience and Technology 2015
  • Best Broker for Customer Service 2015
  • Best Broker for Analysis and Reports 2014
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs Forex, stocks, indices, commodities
Demo Account
Yes Yes
Minimum Deposit
$1 $250
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, CySEC, FSC
Mobile Apps
iOS & Android Yes
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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Android App Rating
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Margin Trading
Yes No
MetaTrader 4
No No
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
Yes No
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 No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Auto Trading
AutoInvest Portfolio Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • CZK
  • HUF
Commodities
  • Gold
  • Silver
  • Gasoline
  • Oil
  • Copper
  • Palladium
  • Coffee
  • Cotton
  • Platinum
  • Corn
  • Sugar
  • Cocoa
  • Livestock
  • Wheat
  • Soybeans
  • Natural Gas
  • Lead
  • Gold
  • Silver
CFD
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. CFD products with 1:800 leverage is offered.
Leverage
1:30 1:800
FTSE Spread
2.5 1.2
GBPUSD Spread<
0.00028 2.4
Oil Spread
0.4 0.3
Stocks Spread
0.2% Var Variable
Forex
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. KLMFX offers online currency trading on majors, minors and exotics.
Assets
180+ 44
GBPUSD Spread
0.00028 2.4
EURUSD Spread
0.00015 1.5
EURGBP Spread
0.00044 2.5
Currency Indices
  • USD
Trading212 KLMFX
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