Trading 212 vs XTB: Comparison and Analysis

Trading 212 vs XTB: A Comparison of Features and Benefits

When choosing a broker, investors need to compare features and benefits offered by different brokers to find the one that best meets their trading needs. In this comparison, we will take a closer look at Trading 212 and XTB to help investors decide which broker to choose.

Security

XTB has a security rating of 95 and is regulated by six major regulatory authorities, including CySEC, FCA, KNF, IFSC, DFSA, and FSCA. Trading 212, on the other hand, has a security rating of 94 and is regulated by three regulatory authorities, including FCA, FSC, and CySEC. Both brokers offer high levels of security and are trusted by their clients.

Demo Account

XTB offers a demo account with a virtual fund of $100,000, which can be renewed indefinitely. The demo account is available for 30 days and can be restored by contacting customer support. Trading 212 offers an unlimited demo account with a virtual fund of $50,000, which can also be restored by contacting customer support. Both demo accounts are good for new traders who want to practise their trading skills before investing real money.

Account Opening

XTB offers a no-minimum-deposit account with multiple account types, including standard, Islamic, and professional accounts for advanced traders. XTB also supports multiple account currencies and payment methods, including wire transfers, credit/debit cards, and eWallets. Trading 212 offers a $1 minimum deposit for the Invest account and a $10 minimum deposit for the CFD account. Trading 212 offers different account types, including CFD, Invest, ISA, and professional accounts, and supports only GBP and EUR account currencies. Both brokers offer easy and flexible account opening options.

Social-Copy Trading

XTB does not provide any social and copy trading features, while Trading 212 offers the Autoinvest feature, where traders can copy each other’s stock investing strategies. Trading 212’s Autoinvest feature makes it a better option for traders who want to follow the investment strategies of other successful traders.

Markets

XTB offers 57 forex pairs, 27 commodities, 30 indices, 46 cryptocurrencies, 5000+ stocks, and 500+ ETFs. All assets are offered as CFDs, making XTB a better fit for short-term investments. XTB also offers real stocks and ETFs for EU clients. Trading 212 offers 200 forex pairs, 23 commodities, 1500+ indices, 0 cryptocurrencies, 3000+ stocks, 400+ ETFs, and 80+ futures and options. Trading 212 offers stocks and ETFs both as CFDs and as real assets, making it a good option for long-term stock investing.

Trading Fees

XTB offers variable spreads from 0.3 pips on forex, which is below the market average, and zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000. After this amount, there is a commission of 0.2% (10 EUR minimum). Trading 212 offers variable spreads from 1 pip and no commissions for Invest account holders. Both brokers offer competitive trading fees, but XTB’s commission-free offer for real stocks and ETFs for EU clients is a significant advantage.

Platforms

XTB offers the xStation proprietary platform, which is available via web and mobile devices and is user-friendly and intuitive. Trading 212 offers a proprietary platform, which is also available via web and mobile devices. Both platforms offer a good user experience, but XTB’s xStation platform has more advanced features.

Education/Customer Care

XTB offers a well-equipped education section, including FAQs, blog articles, eBooks, trading videos, and seminars. XTB also offers easy-to-contact customer care via phone, email, and live chat. Trading 212 offers a basic academy section with standard information that is useful mainly for less experienced traders. Trading 212 also offers easy-to-contact customer care via email and live chat, and it has an automated translator to contact them in any language.

Conclusion

In summary, both XTB and Trading 212 offer a range of features and benefits for traders. XTB is a better fit for short-term investments due to its CFDs on all assets, while Trading 212 is a better fit for long-term stock investing due to its real stocks and ETFs. XTB offers commission-free real stocks and ETFs for EU clients up to a monthly volume of EUR 100,000, while Trading 212 offers no commission for Invest account holders. XTB has a more advanced platform, while Trading 212 has an unlimited demo account and the Autoinvest feature for social-copy trading. Finally, XTB offers well-equipped education material and easy-to-contact customer care, while Trading 212 offers a basic academy section and an automated translator for customer care. Ultimately, traders should choose the broker that best meets their specific trading needs and preferences.