Compare Trading212 vs Coinexx
What is Trading212? What is Coinexx?
Trading212 is a fintech company that offers commission-free investing in stocks, ETFs, forex, commodities, and more. It is regulated by various authorities across Europe and has over 14 million downloads of its mobile app.
Coinexx is a crypto forex broker that allows you to trade forex and crypto currencies with the lowest spreads in the industry. It is not regulated by any authority and does not require any verification or minimum deposit. It supports 25 altcoins and 5 account base currencies.
Trading212 vs Coinexx Regulation Comparison
Trading212 is regulated by the Financial Conduct Authority (FCA) in the UK, the Financial Supervision Commission (FSC) in Bulgaria, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. It also offers funds protection up to £85,000 by the Financial Services Compensation Scheme (FSCS) and data protection by implementing the industry’s best practices.
Coinexx is not regulated by any authority and does not provide any funds or data protection to its clients. It operates under the jurisdiction of St. Vincent and the Grenadines, which is known for its lax regulations and low taxes for offshore companies.
Trading212 vs Coinexx Trading Assets Comparison
Trading212 offers over 12,000 global stocks and ETFs from various exchanges such as NYSE, NASDAQ, London Stock Exchange, Euronext Paris, Deutsche Börse Xetra, and more. It also offers forex, commodities, indices, and cryptocurrencies as CFDs (contracts for difference).
Coinexx offers over 60 forex pairs, 11 indices, 7 commodities, and 5 cryptocurrencies as CFDs. It does not offer any stocks or ETFs.
Trading212 vs Coinexx Trading Fees Comparison
Trading212 does not charge any commissions or fees for trading stocks and ETFs. It also does not charge any deposit or withdrawal fees. However, it does charge a currency conversion fee of 0.15% for transactions involving different currencies. It also charges a spread (the difference between the bid and ask price) and a swap fee (the interest rate difference between the two currencies) for trading CFDs.
Coinexx does not charge any commissions or fees for trading CFDs. It also does not charge any deposit or withdrawal fees. However, it does charge a spread and a swap fee for trading CFDs. The spread varies depending on the market conditions and the account type. The swap fee is based on the LIBOR (London Interbank Offered Rate) plus a mark-up.
Trading212 vs Coinexx Account Types Comparison
Trading212 offers two types of accounts: Invest and CFD. The Invest account allows you to buy and sell stocks and ETFs without leverage or short selling. The CFD account allows you to trade CFDs with leverage up to 500:1 and short selling. Both accounts have a minimum trade size of $1 or equivalent.
Coinexx offers four types of accounts: Standard, Pro, ECN, and Scalper. The Standard account has a fixed spread of 1 pip for major forex pairs and no commission. The Pro account has a variable spread starting from 0.2 pips for major forex pairs and a commission of $2 per lot per side. The ECN account has a variable spread starting from 0 pips for major forex pairs and a commission of $2.5 per lot per side. The Scalper account has a variable spread starting from -0.3 pips for major forex pairs and a commission of $7 per lot per side. All accounts have a maximum leverage of 500:1 and a minimum trade size of 0.01 lot or equivalent.
Trading212 vs Coinexx Deposit Options Comparison
Trading212 accepts deposits and withdrawals via bank transfer, credit/debit card, Skrill, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Direct eBanking, CashU, Wirecard, Trustly, iDeal, Neteller, Sofortüberweisung, Apple Pay, Google Pay. The minimum deposit amount is $1 or equivalent for all methods except bank transfer which has no minimum amount. The maximum deposit amount varies depending on the method but ranges from $10,000 to $50,000 per day. The minimum withdrawal amount is $1 or equivalent for all methods except bank transfer which has no minimum amount. The maximum withdrawal amount varies depending on the method but ranges from $10,000 to $50,000 per day.
Coinexx accepts deposits and withdrawals via Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Dash, Ripple, Monero, USDT, and 16 other altcoins. It does not accept any fiat currencies or payment methods. The minimum deposit amount is 0.001 BTC or equivalent for all cryptocurrencies. The maximum deposit amount is unlimited. The minimum withdrawal amount is 0.002 BTC or equivalent for all cryptocurrencies. The maximum withdrawal amount is unlimited.
Trading212 vs Coinexx Trading Platforms Comparison
Trading212 offers its own proprietary trading platform that is available as a web-based version, a desktop version, and a mobile app for iOS and Android devices. The platform is user-friendly and intuitive and offers various features such as advanced charting, technical indicators, price alerts, news feed, economic calendar, and more.
Coinexx offers the MetaTrader 4 and MetaTrader 5 platforms that are available as a web-based version, a desktop version, and a mobile app for iOS and Android devices. The platforms are widely used and popular among traders and offer various features such as advanced charting, technical indicators, expert advisors, scripts, backtesting, and more.
Trading212 vs Coinexx Analytical Tools Comparison
Trading212 offers various analytical tools such as Pies & AutoInvest, Fractional shares, Interest on uninvested cash, and Trading Academy. Pies & AutoInvest allows you to create a diversified portfolio of stocks and ETFs and automate your investments according to your goals. Fractional shares allows you to invest in any stock or ETF with as little as $1 or equivalent. Interest on uninvested cash pays you daily interest on any uninvested USD, GBP, or EUR in your account. Trading Academy provides educational videos and articles on various topics related to trading and investing.
Coinexx does not offer any analytical tools apart from the ones available on the MetaTrader platforms. However, it does provide access to deep liquidity and unparalleled execution speed due to its pure ECN environment and network of tier-1 banks and prime liquidity providers.
Trading212 vs Coinexx. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, risk appetite, and preferences. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. Ultimately, the choice is yours. You should weigh the pros and cons of each forex broker according to your own criteria and preferences. You should also do your own research before choosing an online trading platform.
