Compare Trading212 vs eToro
What is Trading212? What is eToro?
Trading 212 is a European-regulated CFD, stock and ETF broker that also offers ISA accounts. Traders can access markets through a proprietary trading platform and speculate on the movements of 1800+ tradeable instruments including forex, stocks, ETFs and commodities.
eToro is a top-rated multi-asset platform which offers both investing in stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.
Trading212 vs eToro Regulation Comparison
Both Trading 212 and eToro are regulated by the Financial Conduct Authority (FCA) in the UK, which means they have to comply with strict rules regarding client funds protection, anti-money laundering, and fair trading practices.
Additionally, eToro is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, which allows it to operate in the European Economic Area (EEA) under the MiFID passporting regime.
Trading 212 is also regulated by the Financial Supervision Commission (FSC) in Bulgaria, where it has its headquarters.
Trading212 vs eToro Trading Assets Comparison
Trading 212 offers over 1800 tradeable instruments across four asset classes: forex, stocks, ETFs and commodities. It also provides access to fractional shares and ISA accounts for UK clients.
eToro offers over 2000 tradeable instruments across six asset classes: forex, stocks, ETFs, commodities, indices and cryptocurrencies. It also provides access to copy trading and social investing features, where traders can follow and copy the strategies of other successful traders on the platform.
Trading212 vs eToro Trading Fees Comparison
Both Trading 212 and eToro offer commission-free trading on stocks and ETFs, meaning they do not charge any fees when traders buy or sell these instruments.
However, both brokers charge other fees such as spreads, overnight fees, currency conversion fees, withdrawal fees and inactivity fees.
A comparison of eToro and Trading 212 fees shows that eToro’s fees are slightly more favorable overall than Trading 212’s. Both brokers have relatively low stock index CFD fees, but eToro has lower forex and commodity CFD fees than Trading 212. eToro also has lower withdrawal fees (£4 vs £10) and no inactivity fees (vs £9 per month after six months of inactivity).
Trading212 vs eToro Account Types Comparison
Trading 212 offers two types of accounts: CFD and Invest. The CFD account allows traders to trade with leverage on various instruments, while the Invest account allows traders to buy and sell stocks and ETFs without leverage.
eToro offers one type of account for all traders, which allows them to trade with leverage on CFDs or invest in real stocks and ETFs without leverage. eToro also offers an Islamic account for Muslim traders who want to trade according to Sharia law.
Trading212 vs eToro Deposit Options Comparison
Both Trading 212 and eToro accept various deposit and withdrawal methods such as bank transfer, credit/debit card, Skrill, Neteller, PayPal and more.
However, there are some differences in the minimum deposit and withdrawal amounts, as well as the processing times and fees.
Trading 212 requires a minimum deposit of £10 or a currency equivalent, while eToro requires a minimum deposit of $50 or a currency equivalent.
Trading 212 allows traders to withdraw any amount from their account without any fees, while eToro charges a flat fee of $5 for each withdrawal and requires a minimum withdrawal amount of $30 or a currency equivalent.
Trading 212 processes deposits and withdrawals within one working day, while eToro processes deposits within one working day and withdrawals within two working days.
Trading212 vs eToro Trading Platforms Comparison
Trading 212 has a proprietary trading platform that is available as a web-based version or a mobile app for iOS and Android devices. The platform is user-friendly and intuitive, with a range of features such as advanced charting, technical indicators, price alerts, economic calendar, news feed and more.
eToro also has a proprietary trading platform that is available as a web-based version or a mobile app for iOS and Android devices. The platform is also user-friendly and intuitive, with a range of features such as social trading, copy trading, portfolio management, market analysis, news feed and more
Trading212 vs eToro Analytical Tools Comparison
Trading 212 provides traders with various analytical tools such as technical analysis, fundamental analysis, market sentiment, trading signals and more. These tools help traders to make informed trading decisions based on the latest market trends and data.
eToro also provides traders with various analytical tools such as social trading, copy trading, market analysis, trading signals and more. These tools help traders to learn from other traders, copy their strategies, and access the collective wisdom of the eToro community.
Trading212 vs eToro. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders better. You may also want to test their platforms and services with a demo account or a small amount of money before committing to a real account. Ultimately, the best forex broker for you is the one that meets your trading needs, preferences, and goals.