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Trading 212 vs Xtrade 2023

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Trading 212 and Xtrade? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Trading 212 ranks more highly than Xtrade.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingTrading 212Xtrade
Overall Rating 7.6 / 10 6.5 / 10
Account TypeTrading 212Xtrade
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingTrading 212Xtrade
Social Trading / Copy Trading No No
DupliTrade No No
ZuluTrade No No
CryptocurrencyTrading 212Xtrade
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) No Yes
Bitcoin No Yes
ethereum No Yes
Forex Trading (Spot or CFDs)Trading 212Xtrade
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)Trading 212Xtrade
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsTrading 212Xtrade
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading No No
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes Yes
ETF Yes Yes
U.S. Stocks (CFD) Yes No
Trading PlatformsTrading 212Xtrade
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) No No
Web Platform Yes Yes
MetaTrader 4 (MT4) No No
MetaTrader 5 (MT5) No No
Regulatory LicensesTrading 212Xtrade
Tier-1 Licenses 1 1
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes No
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 1 2
Tier-3 Licenses 0 1
Research, EducationTrading 212Xtrade
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos Yes No
Client Webinars (Archived) No No
Trading CostsTrading 212Xtrade
Minimum Initial Deposit EUR 10 $250
Average Spread EUR/USD - Standard N/A -1
All-in Cost EUR/USD - Active N/A -1
Active Trader or VIP Discounts No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsTrading 212Xtrade
Watchlists - Total Fields 5 9
Mobile Watchlist Yes No
Charting - Indicators / Studies (Total) 45 N/A
Mobile Charting - Indicators / Studies 45 N/A
Trust FactorsTrading 212Xtrade
Year Founded 2004 2003
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No
Trust Score 77 80
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Trading 212 vs Xtrade Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Trading 212 vs Xtrade.

Can I trust Trading 212?

Trading 212 has a trust score of 77, giving it a "Average Risk" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Xtrade?

Xtrade has a trust score of 80, giving it a "Trusted" trust label.

Is Trading 212 a good broker?

Trading 212's innovative app for web and mobile is great for beginners and less demanding traders who are looking to trade CFDs or invest in shares. That said, Trading 212's lack of advanced features and trading tools may leave experienced forex traders wanting more.

Is Xtrade a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Trading 212 is FCA Authorised (U.K.), while Xtrade is ASIC Authorised (Australia)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Trading 212 is CySEC Authorised (Cyprus), while Xtrade is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Trading 212 is none, while Xtrade is IFSC Authorised (Belize)., neither have SCB Authorised (Bahamas), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

Both Trading 212 and Xtrade offer a Proprietary Platform., neither have Desktop Platform (Windows), cTrader, DupliTrade and ZuluTrade

Does Trading 212 offer MetaTrader? Does Xtrade offer MetaTrader?

Neither Trading 212 or Xtrade offer MT4 or MT5. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers., neither have MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

How do Trading 212 and Xtrade differ in terms of minimum deposit? What about average spreads and funding options?

Trading 212 requires a minimum deposit of EUR 10, while Xtrade requires a minimum deposit of $250. From our testing we found Trading 212 offers spreads of N/A, while Xtrade offers spreads of -1. Trading 212 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Xtrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Trading 212 or Xtrade?

Trading 212 offers a more diverse selection of investment options than Xtrade allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting and Social Trading / Copy Trading Looking at total tradeable symbols, Trading 212 has 1785, compared to 142 from Xtrade.

Can I trade cryptocurrency with Trading 212 or Xtrade?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Trading 212 nor Xtrade allow you to trade physical cryptocurrencies.

Who offers more research tools, Trading 212 or Xtrade?

Both Trading 212 and Xtrade offer a complete suite of research, providing traders with these tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources)., neither have Autochartist, Trading Central (Recognia) and Social Trading / Copy Trading

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