Trading 212 vs IFC Markets - Fees Review included
Which broker is better Trading 212 or IFC Markets? 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. IFC Markets is one of the top brokers in the financial market with the TU Overall Score of 5.6 out of 10. Find out more about TU Overall Score.
| Feature | Trading 212 | IFC Markets |
|---|---|---|
Overall |
3.9 |
3.8 |
4.5 |
2.6 |
|
3.5 |
3.5 |
|
4.7 |
4.3 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
2.8 |
4.5 |
Deposit and Withdrawal |
4.1 |
4.6 |
Research |
3.7 |
3.7 |
Education |
3.8 |
3.6 |
Support |
3.9 |
4.7 |
Bonuses |
1 |
4.1 |
|
|
Trading 212 vs IFC Markets: 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.
IFC Markets was established in 2006. The company is owned by IFCM Group, a financial corporation that turned the services of providing access to international asset markets into a separate business. The broker focuses on two areas – classical trading services and synthetic instrument trading services. The broker is regulated by BVI FSC (British Virgin Islands). Deposits of the traders are insured at AIG Europe Limited.
| Trading 212 | IFC Markets | |
|---|---|---|
| Overall Pros | low level of the minimum deposit | Unique instruments for trading: portfolio quoting, continuous stock indices and derivatives, and a proprietary trading platform. |
| a large selection of trading assets | Insurance against risks of professional liability. | |
| Big choice of Stocks and ETFs | Over 600 trading assets of different classes, including synthetic instruments. | |
| UK and EU regulated broker | ||
| Overall Cons | lack of investment programs | Relatively high spread – from 1.8 pips. |
| a small number of ways to contact support | Complex verification. Certification of the documents by a notary public and their translation into English may be required. | |
| the company does not hold contests for traders | Offshore regulation, which is unlikely to help a trader in any way. | |
| The broker’s proprietary platform does not envisage the use of an advisor and indicators on MQL. Translation into the platform’s language is performed at the trader’s expense. | ||
| There are no passive income programs. |
Trading 212 vs IFC Markets: Safety and Regulation
| Regulated By: | Trading 212 | IFC Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
BVI FSC (British Virgin Islands) and LFSA (Labuan, Malaysia). |
Trading 212 vs IFC Markets: Trading Conditions
| Trading Conditions | Trading 212 | IFC Markets |
|---|---|---|
Minimum Deposit |
£1, €1 |
$1 |
Trading Platforms |
Web platform, a mobile app for iOS and Android |
МТ4, МТ5, NetTradeX |
Max Leverage (Futures) |
1:30 (retail clients), 1:500 (Pro clients) |
1-400 |
Supported Markets |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Currencies, assets of stock and commodity markets, synthetic instruments |
Trading assets |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
600+ |
Trading Accounts |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
NetTradeX - Beginner-Fixed, Standard-Fixed, Beginner-Floating, and Standard-Floating accounts; MetaTrader 4 – Micro-Fixed and Standard-Fixed accounts; MetaTrader 5 – Micro-Floating and Standard-Floating accounts |
Base Account Currencies |
GBP, EUR |
EUR, USD, and JPY |
Trading 212 vs IFC Markets: Fees
Forex Trading Fees
| Fee | Trading 212 | IFC Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
2.3 pips |
1.8 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 | Trading 212 | IFC Markets |
|---|---|---|
CFD Trading Fee |
Other fees |
Fixed or floating spread |
Non-Trading Fees
| Fee | Trading 212 | IFC Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
0,7% if you deposit more than 2000 EUR with debit or credit card |
Bank transfer around $30 / €30 / ¥3000 per transfer, Perfect Money 0,5-2%, Debit/Credit card 0%, Bitwallet 0%, Webmoney 20% |
Withdrawal Fee |
No |
Bank transfer around from $25 / €25 / ¥2500, Perfect Money 0,5%, Debit/Credit card 2% + $7,5 / 2% + €6 / ¥1500, Bitwallet 0%, Webmoney 0.8% |
Inactivity Fee |
No |
No |
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 IFC Markets: Trading Assets
| Asset Name | Trading 212 | IFC Markets |
|---|---|---|
Overall |
over 12000+ |
600+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes |
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 IFC Markets: Investment Programs
| Asset Name | Trading 212 | IFC Markets |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: IFC Markets or Trading 212
| Trading 212 | IFC Markets | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
Trading 212 |
No |
Others |
No |
NetTradeX |
|
|
Trading 212 vs IFC Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Trading 212 | IFC Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
Yes |
Trading 212 vs IFC Markets: Research
| Research Type | Trading 212 | IFC Markets |
|---|---|---|
News Feed |
No |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
Trading 212 vs IFC Markets: Education
| Education Type | Trading 212 | IFC Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
No |
No |
Videos |
Yes |
Yes |
Cent account |
No |
No |
IFC Markets vs Trading 212: Support
| Support Features | Trading 212 | IFC Markets |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
Skype, messenger, Telegram, WhatsApp, Call Back |
Trading 212 vs IFC Markets: Forex Bonuses and Promo
| Promo | Trading 212 | IFC Markets |
|---|---|---|
Forex Bonus |
No |
Follow Your Dream, This is an opportunity to win a car +30% activity bonus. To participate, a trader must make a minimum deposit of $250. Annual Interest +7% annual interest for the sum that is not used for trading operations |
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 |
Other Promos |
||
|
|
Top 5 Reviews on IFC Markets
-
Comment
Reviews about IFC Markets I am one better than the other, well, I will have a negative one, because I did not see anything good with this company. I traded here for 10 months, drained and restored the deposit more than once, the terminal was buggy and transactions were closed without my participation. Finally my patience ran out and I left.
-
Comment
I made a deposit to the trading account, but there is no deposit in the personal account or in the terminal, although the status transfer is accepted.
-
Comment
After IFC Markets drained $2,000 from my account, of course I do not trade with it, this is my personal negative experience. Others want to say that they have no access to bidding, everything is skillfully imitated. Everything is fine as long as you deposit money, when you take more than you deposit, they drain you. It's just a pyramid scheme.
-
Comment
I trade in IFCMarkets on a cent account, because I'm not sure yet whether to trust this broker. For a month of work, the impressions are positive, but I also revealed some minor flaws. For example, on my account, the broker offers an MT4 terminal, which will not be available on a standard account. From what I liked: in your personal account, you can set the level of leverage yourself. I believe that the maximum 1:400 for an inexperienced trader will lead to a loss of money, therefore, on the advice of the company's specialists, it was limited to 1:100. Another advantage of IFCMarkets is that its website has a section with daily technical analysis of currency pairs, which helps me a lot at this stage. I recommend this broker to beginners like me.
-
Comment
The IFC Markets broker talks about innovative trading, but through personal experience I can say that these are just all bark and no bite. In fact, this broker still needs to improve upon the service quality to gain the trust of traders. Several times I was subject to the fact that orders did not work for some unknown reason. The impression was that the company artificially twisted with the charts at the right moment (I found this with MT4). The profit comes out a penny because of this. I spend a lot of time and energy on trading, but it wasn’t worth it.
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.