FXTM vs Trading 212 - Fees Review included
Which broker is better FXTM or Trading 212? Our expert assessment conducted according to TU’s own methodology showed that FXTM is one of the top brokers in the financial market with the TU Overall Score of 6.77 out of 10. Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 6.46 out of 10. Find out more about TU Overall Score.
| Feature | FXTM | Trading 212 |
|---|---|---|
Overall |
4.5 |
3.9 |
4.9 |
4.5 |
|
4.7 |
3.5 |
|
4.5 |
4.7 |
|
Investment Instruments |
4.2 |
1 |
Platforms and Charting Tools |
4.3 |
2.8 |
Deposit and Withdrawal |
4.6 |
4.1 |
Research |
4.5 |
3.7 |
Education |
4.6 |
3.8 |
Support |
4.4 |
3.9 |
Bonuses |
2.9 |
1 |
|
|
FXTM vs Trading 212: Pros and Cons
Broker FXTM (pronounced "ForexTime") started in 2011. It provides an opportunity to make a profit through active trading or investment programs. The company is regulated by CySEC (Cyprus Securities and Exchange Commission), South African FSCA (Financial Sector Supervision Authority), UK FCA (Financial Conduct Authority), and FSC (Mauritius Financial Supervisory Commission). The broker has received many awards, including "Best Trading Conditions" (2018, 2019) and "Most Innovative Broker" (2018).
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.
| FXTM | Trading 212 | |
|---|---|---|
| Overall Pros | Direct US stock trading with zero fees | low level of the minimum deposit |
| Stock baskets | a large selection of trading assets | |
| 3 types of ECN accounts | Big choice of Stocks and ETFs | |
| Low fees and near zero spreads | UK and EU regulated broker | |
| Well regulated forex broker | ||
| FXTM invest copy trading platform | ||
| Trading signals and trading calculators tools | ||
| Overall Cons | Lack of cryptocurrency | lack of investment programs |
| a small number of ways to contact support | ||
| the company does not hold contests for traders |
FXTM vs Trading 212: Safety and Regulation
| FXTM | Trading 212 | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
$1 million |
€20,000 £85,000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
Yes |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
FXTM vs Trading 212: Trading Conditions
| Trading Conditions | FXTM | Trading 212 |
|---|---|---|
Minimum Deposit |
$50 |
£1, €1 |
Trading Platforms |
MT4, MT5 |
Web platform, a mobile app for iOS and Android |
Max Leverage (Futures) |
1-2000 (not for all markets) |
1:30 (retail clients), 1:500 (Pro clients) |
Supported Markets |
Forex, Stocks, CFDs on stocks, indexes, Commodities, Metals |
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, Cent, Stocks, Stock CFDs, ECN , ECN Zero, FXTM pro |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Base Account Currencies |
USD, EUR, GBP, NGN |
GBP, EUR |
FXTM vs Trading 212: Fees
| FXTM | Trading 212 | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
1,1 |
0,2 |
Standard acc. spread EUR/USD, max pips |
2,1 |
0,5 |
ECN Commission |
2,5 |
1,5 |
ECN Spread EUR/USD |
0,20 |
0,1 |
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
3-20 |
No |
Inactivity fee, $ |
5 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
FXTM vs Trading 212: Trading Assets
| Asset Name | FXTM | Trading 212 |
|---|---|---|
Overall |
1000+ |
over 12000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
No |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
Yes (CFD) |
Binary Options |
No |
No |
FXTM or Trading 212: Investment Programs
| Asset Name | FXTM | Trading 212 |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
No |
No |
Trading Platforms: Trading 212 or FXTM
| FXTM | Trading 212 | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
FXTM invest |
Trading 212 |
Others |
No |
No |
|
|
FXTM vs Trading 212: Deposit and Withdrawal Methods
| FXTM | Trading 212 | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
FXTM vs Trading 212: Research
| Research Type | FXTM | Trading 212 |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
FXTM vs Trading 212: Education
| Education Type | FXTM | Trading 212 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Trading 212 vs FXTM: Support
| Support Features | FXTM | Trading 212 |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
No |
Other |
callback, Telegram, Messenger Facebook, WhatsApp, |
feedback form |
FXTM vs Trading 212: Forex Bonuses and Promo
| Promo | FXTM | Trading 212 |
|---|---|---|
Forex Bonus |
cashback of up to $5 |
No |
Affiliate Program |
Refer a friend. For each new invited client, the partner receives $50 |
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 |
||
|
|
Top 5 Reviews on Trading 212
-
Comment
The multilingual interface of Pacific Union's website indicates that the company is oriented towards clients from all over the world, which is a big plus for the international audience. However, one nuance can be noted: currently the company does not hold contests for traders, which could be an additional incentive for active participation of users. This is, of course, a minor drawback that does not reduce the overall attractiveness of the broker.
-
Comment
Trading 212 offers a really wide range of trading assets, so everyone can choose something to his taste or even try everything at once. The trading conditions are also fine, trades are executed as they should be. The only disadvantage is the limited ways of communication with support. Sometimes you really need advice, and the options for communication are not always convenient or fast. It would be great if they added more communication channels for prompt help.
-
Comment
Trading 212 provides a convenient and intuitive trading platform, which makes it accessible for both beginners and experienced traders. A pleasant bonus is the absence of commissions for trading stocks and ETFs, which allows you to maximize the use of your investments. However, it's worth noting that the asset selection for trading cryptocurrencies and other more specific instruments can be limited. Overall, Trading 212 is a good choice for those looking for a simple and affordable trading platform, but those looking to trade more specialized assets may need to consider other options.
-
Comment
I work with Trading 212 and I have a neutral impression. I like the fact that the company has a low minimum deposit. This makes trading accessible for many people and allows you to start with small investments. However, there is a disadvantage - the lack of investment programs. For those looking for passive income opportunities, this can be inconvenient. Overall, Trading 212 offers good conditions for active traders, but I would like to see more investment options.
-
Comment
Trading 212 is a good broker! Withdrawals are fine here, as well as the execution speed. I felt the quality immediately once I started trading here. I believe that Trading 212 is a high-quality broker that can provide fast order execution speed.
Top 5 Reviews on FXTM
-
Comment
I noticed a great difference between trading on a demo account and a live one with FXTM. There were no requotes or significant slippages on the demo account, which created the illusion of simple trading. However, when switching to a live account on the FXTM platform, some technical problems arose that made successful trading difficult. Apparently, real conditions require a more attentive and cautious approach to trading.
-
Comment
One day I decided to try my hand at trading with FXTM. However, they don't seem to be very interested in new traders. Managers from FXTM did not even want to help me complete the verification procedure to withdraw funds. In the end, I earned some money, provided them with the necessary documents, but they still blocked my user account when I submitted a withdrawal request. They refused to even discuss it and treated me rudely. FXTM managers are simply disrespectful.
-
Comment
I decided not to trade with FXTM. I won’t deny it, I limited myself to only testing a demo account with this company. It turned out that the order execution speed is very low, so orders are opened at unprofitable prices, and it is impossible to conduct a normal market analysis. I think I'm not the only one who encountered such problems at FXTM.
-
Comment
FXTM is creating problems when traders execute successful trades. At first glance, they give traders the opportunity to work and even withdraw small amounts of profit. However, as soon as profitable operations begin, difficulties occur. Withdrawing funds becomes problematic as support begins to suspect its clients of “dubious trades”. I don't recommend FXTM.
-
Comment
FXTM is a dishonest broker! I don’t even want to recall how I was deceived here! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! FXTM just completely took my deposit!
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 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.