Compare Trading212 vs WorldForex
What is Trading212? What is WorldForex?
Trading212 is a fintech company that offers commission-free investing in stocks, ETFs, forex, commodities, and more. It has a web platform and a mobile app that are easy to use and have various tools for technical analysis and portfolio management. Trading212 is regulated by various authorities across Europe and has over 14 million downloads of its app.
WorldForex is a forex broker that also offers CFDs, digital contracts, and spread betting. It has a low minimum deposit of $1 and a leverage of up to 1:1000. WorldForex has a MetaTrader 4 platform and a mobile app that have over 200 trading instruments and advanced charting features. WorldForex is a member of the Financial Commission, an international organization that resolves disputes in the financial markets.
Trading212 vs WorldForex Regulation Comparison
Trading212 is regulated by the Financial Conduct Authority (FCA) in the UK, the Financial Supervision Commission (FSC) in Bulgaria, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Trading212 also provides investor protection of up to £85,000 or €20,000 depending on the country of residence.
WorldForex is not regulated by any major financial authority. It is registered as an International Business Company (IBC) in Saint Vincent and the Grenadines and Saint Lucia, which are offshore jurisdictions with low regulatory standards. WorldForex does not provide any investor protection or compensation scheme for its clients.
Trading212 vs WorldForex Trading Assets Comparison
Trading212 offers a wide range of trading assets, including over 10,000 stocks and ETFs from various markets around the world, such as the US, UK, Germany, France, Spain, Italy, Netherlands, Switzerland, Sweden, Norway, Denmark, Finland, Poland, Czech Republic, Romania, Hong Kong, Japan, Australia, Canada. Trading212 also offers forex trading with over 150 currency pairs, as well as commodities trading with metals, energies, and agricultural products.
WorldForex has a more limited selection of trading assets. It offers forex trading with 40 currency pairs, CFDs trading with 12 indices and 4 commodities, digital contracts trading with 8 currency pairs and 2 commodities, and spread betting trading with 8 currency pairs. WorldForex does not offer any stocks or ETFs trading.
Trading212 vs WorldForex Trading Fees Comparison
Trading212 has low trading fees and no non-trading fees. It does not charge any commissions or spreads for stock and ETF trading. It also does not charge any account maintenance fees, deposit fees, withdrawal fees, or inactivity fees. Trading212 does charge variable spreads for forex and commodities trading, which are competitive compared to other brokers.
WorldForex has high trading fees and some non-trading fees. It charges variable spreads for forex and CFDs trading, which are higher than the industry average. It also charges commissions for digital contracts and spread betting trading, which are based on the trade size and duration. WorldForex does charge some account maintenance fees, such as a $10 monthly fee for inactive accounts after six months of no activity. WorldForex does not charge any deposit or withdrawal fees.
Trading212 vs WorldForex Account Types Comparison
Trading212 has two main account types: Invest and CFD. The Invest account allows users to buy and sell stocks and ETFs without leverage or commissions. The CFD account allows users to trade forex, commodities, indices, and cryptocurrencies with leverage and variable spreads. Both accounts have a minimum deposit of $1 or equivalent currency.
WorldForex has four main account types: Micro Account (MA), Standard Account (SA), Binary Account (BA), and ECN Account (EA). The MA account is designed for beginners who want to trade with small amounts and low risk. The SA account is suitable for experienced traders who want to trade with higher leverage and lower spreads. The BA account is for traders who want to trade digital contracts with fixed payouts. The EA account is for professional traders who want to trade with the best market conditions and access to liquidity providers. All accounts have a minimum deposit of $1 or equivalent currency.
Trading212 vs WorldForex Deposit Options Comparison
Trading212 supports various deposit and withdrawal options, such as bank transfer, credit/debit card, Skrill, PayPal, Dotpay, Giropay, Google Pay, Apple Pay, and Trustly. Trading212 does not charge any fees for deposits or withdrawals, and the processing time is usually within one business day. Trading212 supports 23 base currencies for its accounts.
WorldForex supports fewer deposit and withdrawal options, such as bank transfer, credit/debit card, Skrill, Neteller, WebMoney, Qiwi, Yandex Money, and Bitcoin. WorldForex does not charge any fees for deposits or withdrawals, and the processing time is usually within 30 minutes. WorldForex supports 8 base currencies for its accounts.
Trading212 vs WorldForex Trading Platforms Comparison
Trading212 has a web platform and a mobile app that are user-friendly and intuitive. The web platform has a simple and clear design that allows users to easily access the trading features, such as watchlists, charts, news, economic calendar, and portfolio breakdown. The web platform also has various tools for technical analysis, such as indicators, drawing tools, notes, corporate events, stock overlays, and index overlays. The mobile app has a similar functionality and design as the web platform, and it also has some extra features, such as price alerts, push notifications, biometric authentication, and dark mode.
WorldForex has a MetaTrader 4 platform and a mobile app that are more advanced and complex. The MetaTrader 4 platform is a popular and powerful trading platform that offers a wide range of trading features, such as multiple order types, automated trading, strategy testing, custom indicators, scripts, and expert advisors. The MetaTrader 4 platform also has advanced charting features, such as 21 time frames, over 80 indicators, over 20 drawing tools, and historical data. The mobile app has a similar functionality and design as the MetaTrader 4 platform, and it also has some extra features, such as push notifications and one-tap trading.
Trading212 vs WorldForex Analytical Tools Comparison
Trading212 has some analytical tools that can help users with their trading decisions. For example, Trading212 has a Trading Academy section that provides educational videos and articles on various topics related to trading. Trading212 also has a Community section that allows users to interact with other traders and share their ideas and opinions. Trading212 also has a Pies & AutoInvest feature that enables users to create diversified portfolios of stocks or ETFs and automate their investments according to their goals.
WorldForex has fewer analytical tools that can assist users with their trading strategies. For example, WorldForex has a Cashback Club program that rewards users with cashback for their trading volume. WorldForex also has a Jet Trade feature that doubles the deposit amount when funding an account. WorldForex also has an Autotrade feature that allows users to copy the trades of successful traders.
Trading212 vs WorldForex. 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 and goals. There is no definitive answer to which forex broker is better, as each one has its own advantages and disadvantages. Trading212 and WorldForex are two different forex brokers that cater to different types of traders. Trading212 is more trustworthy, cost-effective, diversified, user-friendly, intuitive, educational, and innovative than WorldForex. WorldForex is more unregulated, expensive, limited, advanced, complex, powerful, and sophisticated than Trading212. You should choose the forex broker that best matches your preferences and goals.
