Compare Trading212 vs Forex.com
What is Trading212? What is Forex.com?
Trading212 is a fintech company that provides commission-free investing in stocks, ETFs, forex, commodities, and more. It was founded in 2004 and is regulated by various authorities across Europe.
Forex.com is a forex broker that also offers CFDs, stocks, metals, and futures. It was founded in 1999 and is a subsidiary of StoneX Group, a publicly traded company. It is regulated by several tier-1 and tier-2 authorities around the world.
Trading212 vs Forex.com Regulation Comparison
Both Trading212 and Forex.com are regulated by the UK’s Financial Conduct Authority (FCA), which is a tier-1 regulator that provides high trust and investor protection. However, Forex.com has more tier-1 licenses than Trading212, as it is also authorized by the US Commodity Futures Trading Commission (CFTC), the Australian Securities and Investments Commission (ASIC), the Singapore Monetary Authority (MAS), the Japan Financial Services Agency (JFSA), and the Investment Industry Regulatory Organization of Canada (IIROC). Trading212 only has one other tier-1 license from the Cyprus Securities and Exchange Commission (CySEC). Forex.com also has a tier-2 license from the Dubai Financial Services Authority (DFSA), while Trading212 has none.
Trading212 vs Forex.com Trading Assets Comparison
Trading212 offers more trading assets than Forex.com, as it has over 1800 CFDs on stocks, ETFs, forex, commodities, indices, and cryptocurrencies. Forex.com only has around 5500 CFDs on forex, metals, indices, commodities, and cryptocurrencies. However, Forex.com has more forex pairs than Trading212, with 91 vs 184. Trading212 also offers real stocks and ETFs for commission-free investing, while Forex.com does not.
Trading212 vs Forex.com Trading Fees Comparison
Trading212 has lower trading fees than Forex.com, as it does not charge any commissions or spreads on its CFDs or real stocks and ETFs. Forex.com charges commissions on some of its account types, such as the Raw Spread account that has a $7 USD commission per $100k USD traded. Forex.com also has variable spreads that depend on the market conditions and the account type. However, Trading212 has higher financing rates than Forex.com for holding CFD positions overnight. Both brokers have low non-trading fees, such as no deposit or withdrawal fees or inactivity fees.
Trading212 vs Forex.com Account Types Comparison
Trading212 has two main account types: Invest and CFD. The Invest account allows users to buy and sell real stocks and ETFs without commissions or fees. The CFD account allows users to trade CFDs on various assets with leverage and no commissions or spreads.
Forex.com has three main account types: Standard, Commission, and Raw Spread. The Standard account has no commissions but higher spreads. The Commission account has lower spreads but a $5 USD commission per $100k USD traded. The Raw Spread account has the lowest spreads but a $7 USD commission per $100k USD traded. Both brokers also offer demo accounts for practice trading.
Trading212 vs Forex.com Deposit Options Comparison
Trading212 has more deposit and withdrawal options than Forex.com, as it supports bank transfer, credit/debit card, Skrill, PayPal, Dotpay, Giropay, Google Pay, Apple Pay, Trustly, iDeal, Sofort, SafetyPay, Carte Bleue, Direct eBanking, Cash U and UnionPay. Forex.com only supports bank transfer, credit/debit card, PayPal and UnionPay. Both brokers have fast and free deposits and withdrawals.
Trading212 vs Forex.com Trading Platforms Comparison
Trading212 has a user-friendly and easy-to-use web trading platform that offers one-click trading, advanced charting tools with over 80 indicators, price alerts and notifications, custom watchlists and portfolios, economic calendar and news feed. Forex.com also has a web trading platform that offers similar features but with more customization options and order types. Both brokers also have mobile trading apps that are compatible with iOS and Android devices. However, only Forex.com offers a desktop trading platform that is based on MetaTrader 5 (MT5), which is a popular third-party platform that supports automated trading strategies and advanced analysis tools.
Trading212 vs Forex.com Analytical Tools Comparison
Trading212 offers some analytical tools for its users, such as the AutoInvest feature that allows users to create and manage diversified portfolios based on their goals and risk preferences, the Fractional Shares feature that allows users to invest in expensive stocks with as little as $1, and the Capitalise.ai feature that allows users to automate their trading strategies with natural language.
Forex.com also offers some analytical tools for its users, such as the Performance Analytics feature that provides insights into the user’s trading performance and behavior, the SMART Signals feature that provides trade ideas based on technical analysis and market sentiment, and the TradingView charts that provide over 80 indicators and drawing tools.
Trading212 vs Forex.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as it depends on your personal preferences, trading goals, and risk appetite. However, here are some pros and cons of each broker to help you make an informed decision.
Trading212 Pros:
- It offers commission-free trading on CFDs and real stocks and ETFs, which can save you a lot of money in the long run.
- It has a larger selection of trading assets than Forex.com, especially in stocks and ETFs, which can give you more opportunities and diversification.
- It has more deposit and withdrawal options than Forex.com, which can make it more convenient and accessible for you.
- It has a user-friendly and easy-to-use web trading platform that offers advanced charting tools, price alerts, custom watchlists, and news feed.
Trading212 Cons:
- It has fewer tier-1 licenses than Forex.com, which means it is less regulated and trustworthy in some jurisdictions.
- It has higher financing rates than Forex.com for holding CFD positions overnight, which can eat into your profits if you are a long-term trader.
- It does not offer a desktop trading platform or support MetaTrader 5, which is a popular third-party platform that offers automated trading and advanced analysis tools.
Forex.com Pros:
- It has more tier-1 licenses than Trading212, which means it is more regulated and trustworthy in some jurisdictions.
- It has more forex pairs than Trading212, which can give you more exposure and flexibility in the currency market.
- It offers a desktop trading platform based on MetaTrader 5, which supports automated trading and advanced analysis tools.
- It offers some unique analytical tools for its users, such as the Performance Analytics, the SMART Signals, and the TradingView charts.
Forex.com Cons:
- It charges commissions and spreads on its CFDs and forex pairs, which can increase your trading costs in the long run.
- It has a smaller selection of trading assets than Trading212, especially in stocks and ETFs, which can limit your opportunities and diversification.
- It has fewer deposit and withdrawal options than Trading212, which can make it less convenient and accessible for you.
