DEGIRO vs Trading 212: Comparison and Analysis

DEGIRO vs Trading 212: Which Broker Is Best for You?

When it comes to choosing a broker, there are many factors to consider. In this comparison, we will look at DEGIRO and Trading 212, two popular brokers, to help you decide which one is the best fit for your needs.

Security

Both brokers are regulated, with Trading 212 holding licences from the FCA, FSC, and CySEC, while DEGIRO holds only the BaFin regulation, which means it is available only within the European Union. However, both brokers have high-security ratings, with Trading 212 rated at 94 and DEGIRO rated at 93.

Demo Account

Trading 212 offers an unlimited demo account with virtual funds of $50,000 that can be restored by contacting customer support. On the other hand, DEGIRO does not offer a demo account, which may be a disadvantage for beginners.

Account Opening

Trading 212 has a low minimum deposit requirement of $1 for the Invest account and $10 for the CFD account. DEGIRO, on the other hand, has a minimum deposit requirement of €0,01. Both brokers offer various account types, but Trading 212 also offers an ISA account and a Professional account for advanced traders.

Social-Copy Trading

Trading 212 offers the Autoinvest feature, where traders can copy each other’s stock investing strategies. DEGIRO, however, does not offer social-copy trading.

Markets

Trading 212 offers a wide range of markets, including forex, commodities, indices, stocks, ETFs, and futures and options. DEGIRO, on the other hand, is a stock broker and offers only stocks and ETFs, but it has a much larger selection of over 30,000 stocks and 4,500 ETFs. However, DEGIRO does not offer fractional shares, which may be a disadvantage for some investors.

Trading Fees

Both brokers have low trading fees, with Trading 212 offering variable spreads from 1 pip and no commissions for Invest account holders. DEGIRO, on the other hand, charges a very low commission of $1 per order for stocks, with some ETFs not charging any fees.

Platforms

Both brokers offer proprietary platforms available via web and mobile devices. However, DEGIRO’s platform is not easy to use and may take some time to learn how to navigate it.

Education/Customer Care

Trading 212 has a basic academy section with standard information that may be useful to less experienced traders, and customer care is easy to contact via email and live chat, with an automated translator available for any language. DEGIRO, on the other hand, offers quality education material with detailed tutorials on stock investing and the stock market, and customer care is easy to contact via email and phone, but no live chat is available.

Conclusion

Overall, both DEGIRO and Trading 212 are good brokers with different strengths and weaknesses. If you are a long-term investor interested in stocks and ETFs, DEGIRO may be a better option with its large selection of securities and low commissions. However, if you are interested in a wider range of markets, including social-copy trading, and prefer a more user-friendly platform, Trading 212 may be the better choice. It’s important to consider your individual needs and preferences before making a decision.