AvaTrade vs Trading 212: Comparison and Analysis

AvaTrade vs Trading 212: A Comparison Summary

When it comes to choosing between AvaTrade and Trading 212, there are a number of factors to consider. Both brokers have their own unique features and advantages. Below is a comparison summary of AvaTrade and Trading 212 across several important categories.

Security

AvaTrade and Trading 212 both have strong security measures in place. AvaTrade is regulated by several international organisations, including ASIC, FSCA, and JFSA. Trading 212 is regulated by the FCA, FSC, and CySEC. Both brokers have a security rating of 94.

Demo Account

AvaTrade offers a demo account for 21 days with $10,000 in virtual funds. The demo account can be restored by contacting customer support. Trading 212 offers an unlimited demo account with $50,000 in virtual funds, which can also be restored by contacting customer support.

Account Opening

AvaTrade requires a minimum deposit of $100 and offers account currencies in USD, EUR, GBP, JPY, AUD, CAD, and ZAR. Payment methods include wire transfers, credit/debit cards, and eWallets. AvaTrade offers a variety of account types, including a standard account, spread betting account for UK account, Islamic account, and professional account for advanced traders. Trading 212 has a lower minimum deposit requirement of $1 for the Invest account and $10 for the CFD account. Account currencies are limited to GBP and EUR, and payment methods are similar to AvaTrade. Trading 212 offers a variety of account types, including a CFD account, Invest account, ISA account, and professional account.

Social-Copy Trading

AvaTrade offers social-copy trading via third-party platforms ZuluTrade and DupliTrade, as well as their proprietary platform AvaSocial. Trading 212 offers the Autoinvest feature, which allows traders to copy each other’s stock investing strategies.

Markets

AvaTrade offers a wide range of CFDs, including forex, commodities, indices, crypto assets, stocks, ETFs, and futures and options. However, the number of assets available is relatively lower when compared to Trading 212. Trading 212 offers a broader range of stocks and ETFs both as CFDs and as real assets, with over 3,000 stocks, 400+ ETFs, and more than 80 futures and options available. However, Trading 212 does not offer crypto assets.

Trading Fees

AvaTrade’s spreads are fixed, starting from 0.9 pips on forex, which is higher than the market average. Trading 212’s spreads are variable, starting from 1 pip. However, Trading 212 does not charge any commissions for Invest account holders, while AvaTrade charges commissions on some account types.

Platforms

Both AvaTrade and Trading 212 offer their own proprietary platforms, as well as popular trading platforms like MetaTrader 4 and 5. AvaTrade also offers AvaOptions, a platform designed for trading options. Trading 212’s platform is available on web and mobile devices.

Education/Customer Care

AvaTrade has a strong offering of educational materials, particularly geared towards beginner traders, and professional traders can avail of in-depth webinars. Customer care is easy to contact via phone, email, and live chat, with support available in over 25 languages. Trading 212’s educational materials are basic, but the broker’s automated translator allows customers to contact customer care in any language via email and live chat.

Conclusion

Both AvaTrade and Trading 212 have their own unique features and advantages. AvaTrade may be a better choice for short-term investors due to their offering of CFDs and social-copy trading options, while Trading 212 may be a better option for long-term investors due to their broader range of stocks and ETFs available both as CFDs and as real assets, and the Autoinvest feature. When considering account opening, Trading 212 may be more accessible for beginners with a lower minimum deposit requirement of $1 for the Invest account. However, AvaTrade offers more account types and currencies to choose from. Both brokers have strong security measures in place and offer proprietary and popular trading platforms. AvaTrade has higher spreads than Trading 212, but Trading 212 does not charge any commissions for Invest account holders. Ultimately, the best broker for an individual depends on their specific needs and preferences.