eToro vs Trading 212 - Fees Review included

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Which broker is better eToro or Trading 212? Our expert assessment conducted according to TU’s own methodology showed that eToro is one of the top brokers in the financial market with the TU Overall Score of 7.75 out of 10. Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 4.92 out of 10. Find out more about TU Overall Score.

Feature eToro Trading 212

Overall

4.8

3.9

Regulation

5.0

4.5

Fees

4.7

3.5

Trading Assets

4.9

4.7

Investment Instruments

5.0

1

Platforms and Charting Tools

4.1

2.8

Deposit and Withdrawal

4.5

4.1

Research

5

3.7

Education

4.3

3.8

Support

4.2

3.9

Bonuses

1

1

eToro review

Trading 212 review

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro vs Trading 212: Pros and Cons

The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.

The Trading 212 brokerage company (trading212.com) is registered to do business in London in 2006. Its specialization is the provision of services for investment and active trading in the foreign exchange and stock markets. The company is regulated and licensed by the UK Financial Conduct Authority (FCA) and by CySEC in Europe. The broker does not provide data on awards received during the work.

eToro Trading 212
Overall Pros Mobile app for trading from smartphones low level of the minimum deposit
Highly licensed and regulated broker a large selection of trading assets
eToro charges a fixed withdrawal fee of $5 USD Big choice of Stocks and ETFs
The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification UK and EU regulated broker
The funds of eToro clients are held at the licensed US banks
Overall Cons Customer support can be only contacted by tickets lack of investment programs
a small number of ways to contact support
the company does not hold contests for traders

eToro vs Trading 212: Safety and Regulation

Regulated By: eToro Trading 212

US Regulation

Yes (eToro US)

No

FCA (Great Britain)

Yes

Yes

CySec (Cyprus, EU)

Yes

Yes

ASIC (Australia)

Yes

No

Other Regulators

Seychelles FSA

No

eToro vs Trading 212: Trading Conditions

Trading Conditions eToro Trading 212

Minimum Deposit

$50

£1, €1

Trading Platforms

eToro

Web platform, a mobile app for iOS and Android

Max Leverage (Futures)

1:30

1:30 (retail clients), 1:500 (Pro clients)

Supported Markets

Forex, Stocks, Indices, Commodities, Crypto

Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs

Trading assets

1000+

over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account

Trading Accounts

Standard, Demo

Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients)

Base Account Currencies

USD

GBP, EUR

Learn more

Learn more

eToro vs Trading 212: Fees

Forex Trading Fees

Fee eToro Trading 212

Standard Account EURUSD Average Spread

1 pip

2.3 pips

Standard Account Fee

$0

$0

ECN/STP Account Fee

Not supported

Not supported

ECN Account EUR Average Spread

Not supported

Not supported

CFD Trading Fees

Fee eToro Trading 212

CFD Trading Fee

Floating spread

Other fees

Non-Trading Fees

Fee eToro Trading 212

Account Fee

No

No

Deposit Fee

No

0,7% if you deposit more than 2000 EUR with debit or credit card

Withdrawal Fee

$5

No

Inactivity Fee

$10 per month after 12 months of inactivity

No

A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.

eToro vs Trading 212: Trading Assets

Asset Name eToro Trading 212

Overall

1000+

over 12000+

Forex

Yes

Yes

Stocks

Yes

Yes

Metals

Yes

Yes (CFD)

Cryptocurrencies

Yes

Yes (CFD)

Energy

Yes (CFD)

Yes (CFD)

Indices

Yes

Yes (CFD)

ETFs

No

Yes

Bonds

No

Yes (CFD)

Mutual funds

No

No

Stock options

No

No

Futures Trading

No

Yes (CFD)

Binary Options

No

No

eToro or Trading 212: Investment Programs

Asset Name eToro Trading 212

Copy Trading

Yes

No

MAM/PAMM

No

No

Managed Accounts

No

No

Other

No

No

Learn more

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Trading Platforms: Trading 212 or eToro

eToro Trading 212

MT4

No

No

MT5

No

No

cTrader

No

No

Appropriate platform

eToro

Trading 212

Others

No

No

eToro review

Trading 212 review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

eToro vs Trading 212: Deposit and Withdrawal Methods

Deposit and Withdrawal Method eToro Trading 212

Bank Transfer

Yes

Yes

Debit Card

Yes

Yes

Electronic Wallets

No

No

Crypto

No

No

eToro vs Trading 212: Research

Research Type eToro Trading 212

News Feed

Yes

No

Fundamental Data

Yes

No

Chart Analysis

Yes

Yes

Trading Ideas

Yes

No

E-Mail Reports

Yes

No

eToro vs Trading 212: Education

Education Type eToro Trading 212

Demo-account/Paper Trading

Yes

Yes

Webinars

No

No

Articles

Yes

No

Videos

Yes

Yes

Cent account

No

No

Trading 212 vs eToro: Support

Support Features eToro Trading 212

Working Days

24/5

24/7

E-mail

Yes

Yes

Phone

No

No

Online chat

Yes

No

Other

No

feedback form

eToro vs Trading 212: Forex Bonuses and Promo

Promo eToro Trading 212

Forex Bonus

No

No

Affiliate Program

$100-250 per trader

Promo offer. It works according to the principle of a standard referral program. A client of the company becomes a partner of a broker, receives an individual referral link and attracts new users to the company. The referrer gets a bonus for each new active trader. Trading 212 provides a tiered referral program that rewards every client and friend they refer with a free share (or a share of the whole share) up to €100/GBP.

Other Promos

No

eToro review

Trading 212 review

Open an account

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Top 5 Reviews on Trading 212

  • Trading 212

    TrendsFX

    09.02.2024

    Comment

    I like trading with trading 212. The conditions are normal. The minimum deposit is really minimal - €1, but it is better to make a normal deposit, you understand. The platform works properly too. I checked the quotes, they correspond to the market. Sometimes, opening and closing of trades is not fast enough, but it is within reasonable time.

  • Trading 212

    jakubieg

    23.01.2024

    Comment

    I have been trading with Trading 212 for almost 2 years. The broker is not bad and it withdraws money. However, there are some problems: there are requotes and the platform freezes sometimes. But the broker is regulated, which is a plus! I’m currently trading with another company, but I have this one in mind.

  • Trading 212

    SAKTI

    21.12.2023

    Comment

    Withdrawals and execution are fine at Trading 212. Now I make a profit, but there were different situations. I decided to trade here, as they withdraw money without any problems.

  • Trading 212

    StephenEffog

    25.10.2023

    Comment

    I came to trading 212 a couple of years ago, it’s a worthy company. What I like most is the respectful attitude towards the trader. The support has helped me more than once; the operators regularly advise me on all issues that arise. This helps me a lot in trading.

  • Trading 212

    luismp69

    31.05.2023

    Comment

    The company does not have the best conditions for novice traders, otherwise the conditions are good. The broker doesn't cheat with money, it comes on time. So I'm all for Trading 212.

Learn more

Top 5 Reviews on eToro

  • eToro

    codrinmm@gmail.com

    28.03.2024

    Comment

    I started my eToro way back in 2020 to invest in US ETFs which at that time were not very accessible in my location. I checked their website and did a careful research before creating my account because of a number of complaints about their high fees. The website says commission is free, as with other factors which are charged in other platforms such as overnight and custody fees. Cut the story short I created an account with them and purchased one of their ETF products for an expense ratio of 0.03% at the time of sale. I thought this was such a steal price compared to an equity index feeder fund offered by a major bank brand in my area. From my estimation and confirmed by their agent as well (contacted them before posting this review), commissions from my trades averaged 0.09%, with a 0% commission structure on shares. Insanely low! This makes them my favorite platform for trading stocks.

  • eToro

    sheedn14

    18.03.2024

    Comment

    Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.

  • eToro

    Albert

    11.03.2024

    Comment

    I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.

  • eToro

    laolieu

    20.02.2024

    Comment

    I wouldn't consider eToro a top-tier broker. It's a rather mediocre platform that can experience glitches. However, it offers a wide range of assets, including cryptocurrencies, which is a plus. There's also the opportunity not only to earn income through investments but also to engage in trading oneself. Overall, eToro may be an acceptable option for some traders.

  • eToro

    hisharif

    05.02.2024

    Comment

    I could not decide which broker to work with for a long time. I chose eToro and everything seems to be fine. Maybe the amounts were small, but there were no problems with orders and withdrawal of funds. So far I am staying here.

Learn more

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

FAQs

What should I start Forex trading with?

It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.

What amount should I start trading with?

The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.

What should I take into consideration when choosing a broker?

Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.

Is it possible to be scammed by a broker with a license from a reputable regulator?

In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.

Olga’s motto: Do well and you’ll be well!

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.