Trading 212 vs Swissquote - Fees Review included
Which broker is better Trading 212 or Swissquote? 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 6.46 out of 10. Swissquote is one of the top brokers in the financial market with the TU Overall Score of 6.93 out of 10. Find out more about TU Overall Score.
| Feature | Trading 212 | Swissquote |
|---|---|---|
Overall |
3.9 |
4.3 |
4.5 |
4.8 |
|
3.5 |
3.6 |
|
4.7 |
5 |
|
Investment Instruments |
1 |
4.3 |
Platforms and Charting Tools |
2.8 |
4.7 |
Deposit and Withdrawal |
4.1 |
4.0 |
Research |
3.7 |
4.5 |
Education |
3.8 |
4.6 |
Support |
3.9 |
4.0 |
Bonuses |
1 |
3.6 |
|
|
Trading 212 vs Swissquote: 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.
The Swissquote brokerage firm has been operating in the Forex market since 1996. The company is regulated by the Swiss Financial Markets Authority (FINMA). The company is a member of the Swiss Bankers Association. It has offices in many financial capitals of the world: Zurich, London, Dubai, Hong Kong and is moderately popular among traders. The company falls short in the category of customer service when compared to other top companies and is significantly inferior to popular Forex brokers in many other respects also.
| Trading 212 | Swissquote | |
|---|---|---|
| Overall Pros | low level of the minimum deposit | availability of a license from an authoritative regulator |
| a large selection of trading assets | a wide range of financial services | |
| Big choice of Stocks and ETFs | a large selection of deposit currencies | |
| UK and EU regulated broker | ||
| Overall Cons | lack of investment programs | high spreads and commissions |
| a small number of ways to contact support | large deposit | |
| the company does not hold contests for traders | few promotions, bonuses, contests, or other special offers |
Trading 212 vs Swissquote: Safety and Regulation
| Trading 212 | Swissquote | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-1 |
Investor protection |
€20,000 £85,000 |
£85,000 €20,000 SGD 75,000 HKD 500,000 CHF 100 000 |
FCA UK Regulation |
Yes |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
Yes |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
Trading 212 vs Swissquote: Trading Conditions
| Trading Conditions | Trading 212 | Swissquote |
|---|---|---|
Minimum Deposit |
£1, €1 |
$1000 |
Trading Platforms |
Web platform, a mobile app for iOS and Android |
MT4, MT5, Advanced Trader |
Max Leverage (Futures) |
1:30 (retail clients), 1:500 (Pro clients) |
1-100 |
Supported Markets |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Forex, CFD, precious metals, stock indices, bonds, commodities, cryptocurrencies |
Trading assets |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
10000+ |
Trading Accounts |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Standard, Premium, Professional, Prime |
Base Account Currencies |
GBP, EUR |
USD, EUR, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK |
Trading 212 vs Swissquote: Fees
| Trading 212 | Swissquote | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,2 |
1,1 |
Standard acc. spread EUR/USD, max pips |
0,5 |
1,7 |
ECN Commission |
1,5 |
2,5 |
ECN Spread EUR/USD |
0,1 |
0,3 |
Deposit fee, % |
No |
0-1,9 |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
No |
10 |
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 Swissquote: Trading Assets
| Asset Name | Trading 212 | Swissquote |
|---|---|---|
Overall |
over 12000+ |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
No |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes |
Indices |
Yes (CFD) |
Yes |
ETFs |
Yes |
No |
Bonds |
Yes (CFD) |
Yes |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes (CFD) |
No |
Binary Options |
No |
No |
Trading 212 or Swissquote: Investment Programs
| Asset Name | Trading 212 | Swissquote |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Themes Suggestions |
Trading Platforms: Swissquote or Trading 212
| Trading 212 | Swissquote | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
Trading 212 |
Advanced Trader |
Others |
No |
No |
|
|
Trading 212 vs Swissquote: Deposit and Withdrawal Methods
| Trading 212 | Swissquote | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
No |
No |
BTC |
No |
No |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
No |
No |
Trading 212 vs Swissquote: Research
| Research Type | Trading 212 | Swissquote |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
Trading 212 vs Swissquote: Education
| Education Type | Trading 212 | Swissquote |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
Swissquote vs Trading 212: Support
| Support Features | Trading 212 | Swissquote |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
No |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
No |
Trading 212 vs Swissquote: Forex Bonuses and Promo
| Promo | Trading 212 | Swissquote |
|---|---|---|
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. |
Recommend Swissquote Bank and receive cash bonuses of up to CHF 800 for every customer you refer. |
Other Promos |
No |
|
|
|
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.
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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.