Trading 212 vs FXORO - Fees Review included
Which broker is better Trading 212 or FXORO? Our expert assessment conducted according to TU’s own methodology showed that Trading 212 is one of the top brokers in the financial market with the TU Overall Score of 4.89 out of 10. FXORO is one of the top brokers in the financial market with the TU Overall Score of 4.29 out of 10. Find out more about TU Overall Score.
| Feature | Trading 212 | FXORO |
|---|---|---|
Overall |
3.9 |
3.9 |
4.5 |
4.1 |
|
3.5 |
3.8 |
|
4.7 |
3.7 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
2.8 |
3.9 |
Deposit and Withdrawal |
4.1 |
4.1 |
Research |
3.7 |
3.9 |
Education |
3.8 |
4.9 |
Support |
3.9 |
4.2 |
Bonuses |
1 |
2.1 |
|
|
Trading 212 vs FXORO: Pros and Cons
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.
FXORO was founded in 2012. FXORO is a brand name owned by MCA Intelifunds LTD. It is a financial firm established under the jurisdiction of the Republic of Cyprus. It is authorized and registered by the CySec with registration number 126/10. FXORO gives access to trading CFD's on various products, such as Forex, Indices, Shares, Commodities, and Cryptocurrencies. The company offers excellent trading services yet paying great attention to customer safety.
| Trading 212 | FXORO | |
|---|---|---|
| Overall Pros | low level of the minimum deposit | Advanced education section |
| a large selection of trading assets | Trading central signals | |
| Big choice of Stocks and ETFs | ||
| UK and EU regulated broker | ||
| Overall Cons | lack of investment programs | |
| a small number of ways to contact support | ||
| the company does not hold contests for traders |
Trading 212 vs FXORO: Safety and Regulation
| Regulated By: | Trading 212 | FXORO |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSA (Seychelles) |
Trading 212 vs FXORO: Trading Conditions
| Trading Conditions | Trading 212 | FXORO |
|---|---|---|
Minimum Deposit |
£1, €1 |
$200 |
Trading Platforms |
Web platform, a mobile app for iOS and Android |
MT4, Mobile Apps |
Max Leverage (Futures) |
1:30 (retail clients), 1:500 (Pro clients) |
Up to 30:1 for retail clients and up to 400:1 for professional clients |
Supported Markets |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Forex, Precious Metals, Commodities, Indices and Share based CFDs |
Trading assets |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
200+ |
Trading Accounts |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Fix, Floating, ECN |
Base Account Currencies |
GBP, EUR |
USD, EUR, GBP, CHF |
Trading 212 vs FXORO: Fees
Forex Trading Fees
| Fee | Trading 212 | FXORO |
|---|---|---|
Standard Account EURUSD Average Spread |
2.3 pips |
2 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$6/€5/£4 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | Trading 212 | FXORO |
|---|---|---|
CFD Trading Fee |
Other fees |
Fixed or floating spread, depends on the account type |
Non-Trading Fees
| Fee | Trading 212 | FXORO |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
0,7% if you deposit more than 2000 EUR with debit or credit card |
Wire Transfer 0-4% depending on the region, Debit/credit card, electronic wallets 0% |
Withdrawal Fee |
No |
Debit/credit card USD/ EUR/ GBP/ CHF 5, Wire transfer SEPA min USD/ EUR/ GBP/ CHF 5, max USD/ EUR/ GBP/ CHF 1405 SWIFT $35 fee for 1-700 USD, 5% fee for more than 700 USD, Electronic wallets $5/€/£ ($15/€/£ for Neteller) or 1% fee for more than 500 USD (more than $1500 for Neteller) |
Inactivity Fee |
No |
$25 per month after 3 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Trading 212 vs FXORO: Trading Assets
| Asset Name | Trading 212 | FXORO |
|---|---|---|
Overall |
over 12000+ |
|
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
Trading 212 or FXORO: Investment Programs
| Asset Name | Trading 212 | FXORO |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: FXORO or Trading 212
| Trading 212 | FXORO | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
Trading 212 |
No |
Others |
No |
No |
|
|
Trading 212 vs FXORO: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Trading 212 | FXORO |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
No |
Trading 212 vs FXORO: Research
| Research Type | Trading 212 | FXORO |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
Trading 212 vs FXORO: Education
| Education Type | Trading 212 | FXORO |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Webinars |
No |
Yes |
Articles |
No |
No |
Videos |
Yes |
No |
Cent account |
No |
No |
FXORO vs Trading 212: Support
| Support Features | Trading 212 | FXORO |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
Fax |
Trading 212 vs FXORO: Forex Bonuses and Promo
| Promo | Trading 212 | FXORO |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
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. |
Yes, you will get a dynamic CPA of up to $1,000 |
Other Promos |
No |
|
|
|
Top 5 Reviews on FXORO
-
Comment
I would like to note FXORO’s good technical support and comprehensive analytical base. For those who know how to use these tools, making money here will be much easier.
-
Comment
At first, I was skeptical about FXORO broker, as I had too many disappointments with my previous company. But it turned out that I can work with this broker. Especially after my first trade brought me a profit of $120. Now I'm thinking of increasing my deposit with FXORO. The first withdrawal went smoothly.
-
Comment
Order execution at FXORO is good. It is quick and accurate, and there are almost never slippages or non-market quotes. Spreads correspond to those stated on the website, and although they are not the tightest, they remain stable. This is important to me because I prefer to avoid surprises. I can recommend FXORO.
-
Comment
It should be noted that FXORO offers quite favorable trading conditions. Spreads are also tempting. I don't want to list all the conditions, but it is not easy for a Forex broker to achieve those. I trade here and I am satisfied.
-
Comment
I can't think of any serious problems when trading with fxoro. I consider this broker reliable in matters of regulation and insurance of client funds. As for trading, anything could happen. There were even a couple of times in three years when trades were canceled due to non-market quotes. To its credit, fxoro canceled not only profitable trades, but also unprofitable ones.
Top 5 Reviews on Trading 212
-
Comment
I haven’t traded or registered with Trading 212 yet, but I think I should try, since the company is interesting. I am currently studying reviews about this broker. So far nothing bad has happened.
-
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.
-
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.
-
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.
-
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.
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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.