Compare Trading212 vs Forexee
What is Trading212? What is Forexee?
Trading212 is a fintech company that offers commission-free investing in stocks, ETFs, forex, commodities, and more. It has a user-friendly web and mobile platform that allows traders to access over 10,000 global markets. Trading212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC) .
Forexee is an ECN/DMA broker that provides online forex trading with tight spreads and low commissions. It has a web terminal and supports MetaTrader 4 and 5 platforms. Forexee offers over 90 forex pairs and various payment methods. Forexee is regulated by the Estonian Financial Supervision Authority (EFSA) .
Trading212 vs Forexee Regulation Comparison
Both Trading212 and Forexee are authorised by the European Union under the MiFID directive, which means they have to follow certain standards of transparency, security, and investor protection.
However, Trading212 has more tier-1 licenses than Forexee, as it is also authorised by the FCA in the UK, which is one of the most reputable regulators in the world . Forexee only has one tier-1 license from the EFSA in Estonia, which is a relatively small and less established regulator . Therefore, Trading212 has a higher trust score than Forexee in terms of regulation.
Trading212 vs Forexee Trading Assets Comparison
Trading212 offers a wider range of trading assets than Forexee, as it allows traders to invest in stocks, ETFs, forex, commodities, indices, and cryptocurrencies. Trading212 has over 10,000 tradeable symbols, including 184 forex pairs and thousands of stocks from various markets . Forexee only offers forex trading with over 90 currency pairs . Therefore, Trading212 has more diversity and flexibility than Forexee in terms of trading assets.
Trading212 vs Forexee Trading Fees Comparison
Trading212 has a competitive advantage over Forexee in terms of trading fees, as it does not charge any commissions or hidden fees for its services. Trading212 makes money from the spread, which is the difference between the bid and ask prices of an asset. The spread varies depending on the market conditions and the asset type, but it is generally low and transparent . Forexee charges commissions for its ECN accounts, which range from $1.5 to $5 per lot depending on the account type and the deposit amount. Forexee also charges a spread, which can be as low as zero for some pairs on its ECN accounts . Therefore, Trading212 has lower trading costs than Forexee for most traders.
Trading212 vs Forexee Account Types Comparison
Trading212 has a simple and straightforward account structure, as it only offers one type of account for all traders. The minimum deposit for opening an account with Trading212 is $1, which is very accessible and affordable for beginners and casual investors .
Forexee has four types of accounts for different levels of traders: STP, Basic ECN, Advanced ECN, and Crypto. The minimum deposit for opening an account with Forexee ranges from $50 to $500 depending on the account type . Therefore, Trading212 has a more user-friendly and inclusive account system than Forexee.
Trading212 vs Forexee Deposit Options Comparison
Trading212 supports various deposit and withdrawal options for its clients, including bank transfer, credit/debit card, Skrill, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Direct eBanking, CashU and UnionPay. Trading212 does not charge any fees for deposits or withdrawals .
Forexee also supports multiple payment methods for its clients, including bank transfer, credit/debit card, Skrill, Neteller, WebMoney, FasaPay, Perfect Money and Bitcoin. However, Forexee may charge some fees for deposits or withdrawals depending on the payment method . Therefore, Trading212 has more convenient and cost-effective deposit and withdrawal options than Forexee.
Trading212 vs Forexee Trading Platforms Comparison
Trading212 has its own proprietary web and mobile platform that is designed to be easy to use and intuitive for traders of all levels. The platform has a sleek interface and offers various features such as charts, indicators, news feed, economic calendar, price alerts and watchlists. The platform also supports social trading through its community feature where traders can share ideas and opinions with other users .
Forexee does not have its own platform, but it supports MetaTrader 4 and 5, which are the most popular and widely used platforms in the forex industry. MetaTrader 4 and 5 offer advanced features such as automated trading, custom indicators, expert advisors, scripts and backtesting. MetaTrader 4 and 5 are available as desktop, web and mobile versions . Therefore, Trading212 has a more unique and innovative trading platform than Forexee, while Forexee has a more standard and reliable trading platform than Trading212.
Trading212 vs Forexee Analytical Tools Comparison
Trading212 provides some basic analytical tools for its traders, such as charts, indicators, news feed and economic calendar. However, Trading212 does not offer any in-depth research or education materials for its clients . Forexee also provides some basic analytical tools for its traders, such as charts, indicators and news feed.
However, Forexee does offer some research and education materials for its clients, such as market analysis, webinars, articles and videos . Therefore, Trading212 and Forexee have similar analytical tools for their traders, but Forexee has more research and education resources than Trading212.
Trading212 vs Forexee. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as different brokers may suit different traders depending on their preferences, goals and strategies. However, here are some pros and cons of Trading212 and Forexee, and some factors to consider when choosing a forex broker.
Pros of Trading212:
- Trading212 offers commission-free trading with low and transparent spreads .
- Trading212 has a wide range of trading assets, including stocks, ETFs, forex, commodities, indices and cryptocurrencies .
- Trading212 has a user-friendly and innovative web and mobile platform that supports social trading .
- Trading212 has various deposit and withdrawal options with no fees .
- Trading212 has more tier-1 licenses than Forexee, which means it has higher trust and credibility .
Cons of Trading212:
- Trading212 only offers one type of account for all traders, which may not suit everyone’s needs .
- Trading212 does not support MetaTrader 4 or 5, which are the most popular and widely used platforms in the forex industry .
- Trading212 does not offer any in-depth research or education materials for its clients .
Pros of Forexee:
- Forexee offers ECN/DMA trading with tight spreads and low commissions .
- Forexee supports MetaTrader 4 and 5, which offer advanced features such as automated trading, custom indicators, expert advisors, scripts and backtesting .
- Forexee offers four types of accounts for different levels of traders: STP, Basic ECN, Advanced ECN and Crypto .
- Forexee offers some research and education materials for its clients, such as market analysis, webinars, articles and videos .
Cons of Forexee:
- Forexee only offers forex trading with over 90 currency pairs .
- Forexee charges commissions for its ECN accounts, which may increase the trading costs for some traders .
- Forexee only has one tier-1 license from the EFSA in Estonia, which is a relatively small and less established regulator .
- Forexee may charge some fees for deposits or withdrawals depending on the payment method .
Factors to consider when choosing a forex broker:
- Your trading style and strategy: You should choose a broker that matches your trading style and strategy, whether you are a scalper, day trader, swing trader or long-term investor. You should also consider the leverage, margin requirements, order types and execution speed of the broker.
- Your trading goals and objectives: You should choose a broker that helps you achieve your trading goals and objectives, whether you are trading for fun, profit or learning. You should also consider the risk management tools, customer support and educational resources of the broker.
- Your budget and capital: You should choose a broker that fits your budget and capital, whether you have a small or large amount to invest. You should also consider the minimum deposit, trading fees, commissions, spreads and withdrawal options of the broker.
- Your personal preferences and comfort: You should choose a broker that suits your personal preferences and comfort, whether you prefer a simple or complex platform, a web or mobile app, a social or solo environment. You should also consider the user interface, design, features and functionality of the broker.
