Trading 212 vs XTB - Fees Review included
Which broker is better Trading 212 or XTB? 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. XTB is one of the top brokers in the financial market with the TU Overall Score of 5.17 out of 10. Find out more about TU Overall Score.
| Feature | Trading 212 | XTB |
|---|---|---|
Overall |
3.9 |
4.3 |
4.5 |
4.7 |
|
3.5 |
3.8 |
|
4.7 |
4.7 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
2.8 |
4.4 |
Deposit and Withdrawal |
4.1 |
4.8 |
Research |
3.7 |
4.1 |
Education |
3.8 |
4.4 |
Support |
3.9 |
4.5 |
Bonuses |
1 |
4.6 |
|
|
Trading 212 vs XTB: 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 X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
| Trading 212 | XTB | |
|---|---|---|
| Overall Pros | low level of the minimum deposit | 2100+ trading instrumetns |
| a large selection of trading assets | Big choice of ETF CFDs | |
| Big choice of Stocks and ETFs | Everage EURUSD spread 0.1 pip | |
| UK and EU regulated broker | Advanced xStation trading platform | |
| Well regulated broker | ||
| Overall Cons | lack of investment programs | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. |
| a small number of ways to contact support | High stock CFDs fees | |
| the company does not hold contests for traders |
Trading 212 vs XTB: Safety and Regulation
| Regulated By: | Trading 212 | XTB |
|---|---|---|
US Regulation |
No |
NO |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
International Financial Services Commission in Belize. (IFSC License No.: 000302/185) |
Trading 212 vs XTB: Trading Conditions
| Trading Conditions | Trading 212 | XTB |
|---|---|---|
Minimum Deposit |
£1, €1 |
$1 |
Trading Platforms |
Web platform, a mobile app for iOS and Android |
MetaTrader 4 and xStation 5 |
Max Leverage (Futures) |
1:30 (retail clients), 1:500 (Pro clients) |
1-500 (only for non EU and UK clients), 1-30 |
Supported Markets |
Currency pairs, CFDs on stocks, indices, futures, commodities, ETFs |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Trading assets |
over 12,000 stocks and ETFs available in the Invest/ISA accounts and over 5,000 leveraged instruments in the CFD account |
2100+ |
Trading Accounts |
Trading 212 Invest, Trading 212 CFD, ISA (available for UK clients) |
Demo, Standard, Pro, Islamic |
Base Account Currencies |
GBP, EUR |
USD |
Trading 212 vs XTB: Fees
Forex Trading Fees
| Fee | Trading 212 | XTB |
|---|---|---|
Standard Account EURUSD Average Spread |
2.3 pips |
1 pip |
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 | XTB |
|---|---|---|
CFD Trading Fee |
Other fees |
0.3% for stock and ETF CFDs trading, 4USD per 1 BTC, 10 ETH, 1000 LTC |
Non-Trading Fees
| Fee | Trading 212 | XTB |
|---|---|---|
Account Fee |
No |
$10 EUR per month |
Deposit Fee |
0,7% if you deposit more than 2000 EUR with debit or credit card |
No |
Withdrawal Fee |
No |
1.5% of the amount (but not less than USD 30) when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay. When withdrawing to Neteller and Skrill, XTB charges 2% of the withdrawal amount. |
Inactivity Fee |
No |
€10 per month after 12 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 XTB: Trading Assets
| Asset Name | Trading 212 | XTB |
|---|---|---|
Overall |
over 12000+ |
2100+ |
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 XTB: Investment Programs
| Asset Name | Trading 212 | XTB |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XTB or Trading 212
| Trading 212 | XTB | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
Trading 212 |
xStation 5 |
Others |
No |
No |
|
|
Trading 212 vs XTB: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Trading 212 | XTB |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
No |
Trading 212 vs XTB: Research
| Research Type | Trading 212 | XTB |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
Trading 212 vs XTB: Education
| Education Type | Trading 212 | XTB |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
XTB vs Trading 212: Support
| Support Features | Trading 212 | XTB |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
feedback form |
No |
Trading 212 vs XTB: Forex Bonuses and Promo
| Promo | Trading 212 | XTB |
|---|---|---|
Forex Bonus |
No |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
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. |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
Other Promos |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
|
|
|
Top 5 Reviews on XTB
-
Comment
XTB’s platform works perfectly, there are almost no slippages or requotes, and execution is usually instant, which significantly increases the chances of profit. Few brokers can boast of such a high-quality platform.
-
Comment
There are quite a lot of brokerage companies. There are good and bad brokers, and those who have nothing to do with financial markets at all. XTB is not a perfect company, but it has many advantages over others. Its main advantage is client support, account maintenance, and a low entry threshold. Personally, I decided on this company.
-
Comment
I chose XTB among many brokers 6 months ago. Spread is low, execution is smooth, and withdrawals are quick on weekdays. This is quite enough for me.
-
Comment
xtb is an excellent company, I have been working with it for 3 years. I withdraw large sums to the card. The quotes are even without problems, there is a choice of other platforms, and fees are minimal. I totally confirm reviews of xtb!
-
Comment
I consider xtb a promising broker. I worked with it for some time — everything was excellent and most importantly of high quality. When I was withdrawing funds for the first time, I had to wait a little and I even started to get nervous, but in the end everything worked out. So I recommend this company as honest and of high quality.
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.