Compare Trading212 vs TradersWay
What is Trading212? What is TradersWay?
Trading212 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.
TradersWay is a global online forex and CFD broker that operates under the jurisdiction of the Cayman Islands. Traders can access various trading platforms such as MT4, MT5, cTrader and Tradeview and trade over 100 financial instruments including forex, CFDs, indices, shares, commodities and cryptocurrencies.
Trading212 vs TradersWay Regulation Comparison
Trading212 is regulated by the top-tier Financial Conduct Authority (FCA) in the UK, the Bulgarian Financial Supervision Commission (FSC) and the Cyprus Securities and Exchange Commission (CySEC). Trading212 provides investor protection of £85k to UK clients and €20k to others under the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF).
TradersWay is regulated by the Cayman Islands Monetary Authority (CIMA) and the Malta Financial Services Authority (MFSA). TradersWay does not provide any investor protection or compensation scheme to its clients.
Trading212 vs TradersWay Trading Assets Comparison
Trading212 offers a limited product portfolio of stock, ETF, CFD (forex, stock, ETF, index, commodity) products. Some popular asset classes such as options or bonds are missing. Trading212 provides commission-free trading across a range of assets.
TradersWay offers a wider product portfolio of forex, CFDs, indices, shares, commodities and cryptocurrencies. TradersWay charges commissions on some account types and products.
Trading212 vs TradersWay Trading Fees Comparison
Trading212 has low trading fees for stock and ETF trading, as there are no commissions or spreads involved. However, fees for forex trading are high, as the spreads are wide and there are no discounts for higher trading volumes. Trading212 also charges high financing rates for overnight positions.
TradersWay has variable trading fees depending on the account type and product chosen. Some account types offer commission-free trading with wider spreads, while others charge commissions with tighter spreads. TradersWay also charges financing rates for overnight positions.
Trading212 vs TradersWay Account Types Comparison
Trading212 offers two main account types: Invest and CFD. The Invest account allows traders to buy and sell real stocks and ETFs without leverage or commissions. The CFD account allows traders to trade CFDs on various assets with leverage up to 30:1 for retail clients and up to 500:1 for professional clients. Trading212 also offers an ISA account for UK residents who want to invest in a tax-efficient way.
TradersWay offers four main account types: Micro, ECN Standard, ECN Pro and ECN VIP. The Micro account is suitable for beginners who want to trade with small amounts and low leverage up to 1000:1. The ECN Standard account is suitable for experienced traders who want to trade with tight spreads and low commissions up to 100:1 leverage. The ECN Pro account is suitable for advanced traders who want to trade with ultra-tight spreads and low commissions up to 200:1 leverage. The ECN VIP account is suitable for professional traders who want to trade with the best conditions and access to premium services up to 200:1 leverage.
Trading212 vs TradersWay Deposit Options Comparison
Trading212 supports a range of deposit and withdrawal options such as bank transfer, credit/debit card, PayPal, Skrill, Google Pay, Apple Pay and Sofort. There are no deposit or withdrawal fees charged by Trading212. However, there may be currency conversion fees if the base currency of the account is different from the currency of the payment method. The minimum deposit amount is $1 or equivalent in other currencies.
TradersWay supports a range of deposit and withdrawal options such as bank transfer, credit/debit card, Neteller, Skrill, FasaPay, ADVcash and STICPAY. There are no deposit fees charged by TradersWay, but there may be withdrawal fees depending on the payment method chosen. The minimum deposit amount is $100 or equivalent in other currencies.
Trading212 vs TradersWay Trading Platforms Comparison
Trading212 provides a proprietary web and mobile trading platform that is well designed and easy to use. The platform has a user-friendly interface, advanced charting tools, customisable indicators, price alerts, news feed, economic calendar and portfolio copy trading functionality. However, Trading212 does not offer access to popular third-party platforms such as MT4 or MT5.
TradersWay provides access to various third-party trading platforms such as MT4, MT5, cTrader and Tradeview. These platforms are widely used and trusted by traders around the world and offer advanced features such as automated trading, customisable indicators, technical analysis tools, market signals, social trading and more. However, TradersWay does not offer a proprietary platform of its own.
Trading212 vs TradersWay Analytical Tools Comparison
Trading212 and TradersWay both offers a suite of educational resources such as articles, videos, webinars, podcasts and quizzes to help traders learn about the markets and improve their skills. Both also provides a demo account with virtual funds for practice and testing purposes. However, Trading212 and TradersWay both does not offer any analytical tools such as Autochartist, eSignal, Trading Central or other third-party providers.
Trading212 vs TradersWay. 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 style, goals and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders better. Ultimately, the choice between Trading212 and TradersWay depends on your personal preferences, trading style, goals and risk appetite. You may want to try out both brokers with their demo accounts before making a final decision. You may also want to read some user reviews from other traders who have used both brokers to get their opinions and feedback.
