Summary

Recommended for active CFD and FX traders and investors looking for intuitive trading platforms

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76% of retail CFD accounts lose money

Trading 212 review summary

 

Trading 212 is a global CFD and forex broker, but clients can also trade stocks and ETFs free of charge. The company was founded in 2004 and is now headquartered in London. Trading 212 is regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). 

Trading 212 is considered safe as it is regulated by the top-tier FCA. 

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Our overall Trading 212 rating

Compare this broker to the best Trading 212 alternative here. 

Overall Rating
4.3
Fees
3.3
Account opening
4.5
Deposit and withdrawal
4.3
Trading platform
4.9
Markets and products
3.9
Research
2.8
Customer service
1.0
Education
4.0

Trading 212 pros and cons

Trading 212 provides commission-free stock and ETF trading. Account opening is fully online, straightforward and quick. Trading 212's web and mobile trading platforms are well-designed and easy to use.

On the negative side, the product portfolio is limited, and some popular asset classes such as options or bonds are missing. We missed phone and live chat customer support. Lastly, forex fees are high.

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Missing phone and live chat support
Great trading platforms High forex fee
Trading 212 main features and highlights
🗺️ Country of regulation UK, Bulgaria
💰 Trading fees class Average
💰 Inactivity fee charged No
💰 Withdrawal fee amount $0
💰 Minimum deposit $1
🕖 Time to open an account 1 day
💳 Deposit with bank card Available
👛 Depositing with electronic wallet Available
💱 Number of base currencies supported 9
🎮 Demo account provided Yes
🛍️ Products offered Stock, ETF, Forex, CFD
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Trading 212 review
Fees

3.3
To find out more about its trading and non-trading fees, visit Trading 212
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Trading 212 has commission-free stocks and ETFs, and there are also no fees for deposit, withdrawal or inactivity. However, fees for forex trading are high.
Pros Cons
Free stock and ETF trading High forex fees
Low CFD fees High financing rate
No withdrawal and inactivity fee
Trading 212 fees snapshot
Assets Fee level Fee terms
S&P 500 CFD High The fees are built into the spread, 1.9 points is the average spread cost during peak trading hours.
Europe 50 CFD High The fees are built into the spread, 6 points is the average spread cost during peak trading hours.
EURUSD High The fees are built into the spread, 1.4 pips is the average spread cost during peak trading hours.
Inactivity fee Low No inactivity fee

How we ranked fees

We ranked Trading 212's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

In the sections below, you will find the most relevant fees of Trading 212 for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared Trading 212's fees with those of two similar brokers we selected, eToro and XTB. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Trading 212 alternatives.

To have a clear overview of Trading 212, let's start with the trading fees.

Trading 212 trading fees

Trading 212 trading fees are average. We also liked how transparently Trading 212 displays its fees. For example, it publishes daily swap rates, which can be easily accessed through the website or the trading platform.

We know it's hard to compare trading fees for CFD brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments within each asset class:

  • Stock index CFDs: SPX and EUSTX50
  • Stock CFDs: Apple and Vodafone
  • Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

A typical trade means buying a leveraged position, holding it for one week and then selling. For the volume, we chose a $2,000 position for the stock index and stock CFDs and $20,000 for the forex transactions. The leverage we used was:

  • 20:1 for stock index CFDs
  • 5:1 for stock CFDs
  • 30:1 for forex

These catch-all benchmark fees include spreads, commissions, and financing costs for all brokers. Let's see the verdict for Trading 212 fees.

Stock and ETF fees

Trading 212 is one of those CFD-focused brokers that also offers real stock and ETF trading, charging zero commission. You can trade real stocks and ETFs if you open a Trading 212 Invest account.

Stock and ETF commission of a $2,000 trade
  Trading 212 XTB eToro
US stock $0.0 $10.0 $0.0
UK stock $0.0 $12.0 $0.0
German stock $0.0 $12.0 $0.0

CFD fees

Trading 212 has generally high CFD trading fees.

Trading 212 CFD fees for a $2,000 long position held for one week
  Trading 212 XTB eToro
S&P 500 index CFD fee $4.3 $1.5 $1.7
Europe 50 index CFD fee $6.4 $1.8 $2.9
Apple CFD fee $18.3 $17.3 $6.7
Vodafone CFD fee $17.8 $20.8 -

Forex fees

Trading 212 forex fees are high.

Trading 212 forex benchmark fees of a $20,000 30:1 long position held for one week
  Trading 212 XTB eToro
EURUSD benchmark fee $26.4 $8.5 $8.7
GBPUSD benchmark fee $21.0 $6.1 $8.1
AUDUSD benchmark fee $15.6 $6.6 $7.9
EURCHF benchmark fee $17.6 $9.1 $12.9
EURGBP benchmark fee $25.0 $8.3 $12.9

Non-trading fees

Trading 212 has low non-trading fees. It doesn't charge any account, inactivity, or withdrawal fees.

Depositing to the CFD accounts and depositing by bank transfer to the Invest accounts are also free of charge. However, there is a 0.7% deposit fee if you deposit more than €2,000 in total to your Invest account using Credit/Debit cards or electronic wallets.

In addition, there is a 0.5% currency conversion fee for CFD and forex trading and currency conversion of up to 0.15% for real stocks and ETFs. Currency conversion occurs when you trade an asset denominated in a currency other than your account base currency.

Trading 212 non-trading fees
  Trading 212 XTB eToro
Account fee No No No
Inactivity fee No Yes Yes
Deposit fee $0 $0 $0
Withdrawal fee $0 $0 $5

Trading 212 review
Account opening

4.5
To experience the account opening process, visit Trading 212
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The account opening process is straightforward, user-friendly and quick. Our account was verified within one business day.
Pros Cons
Fast Problems with verification
Fully digital
No minimum deposit

Can you open an account?

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76% of retail CFD accounts lose money

Accounts with Trading 212 can be opened globally. There are some notable exceptions though, e.g. US or Canadian customers can't open an account.

What is the minimum deposit with Trading 212?

The required Trading 212 minimum deposit is $1 for CFD accounts and $10 for Invest or ISA accounts. This is great for customers who prefer trading or investing small amounts only.

Account Types

Trading 212 offers three account types, which differ based on the assets you can trade and the countries where they're available:

Trading 212 account types
  CFD account Invest account ISA account
Countries where available All available countries All available countries     UK only
Available products CFDs Real stocks and ETFs Real stocks and ETFs

Unfortunately, corporate accounts are not available.

How to open your account

The account opening process is easy and fully digital. New accounts are usually verified within one business day. However, during one of our tests, we had problems uploading the necessary documents, and the account opening took 3 business days.

To open an account at Trading 212, just follow these steps:

  1. Provide your country of residence and enter personal details such as your email address or date of birth.
  2. Add tax information, including the country where you pay taxes and your tax ID.
  3. Select the account type and the account base currency.
  4. Answer questions about your financial situation, employment status and trading experience.
  5. Accept the terms and conditions, then activate your account by verifying your identity and residency.

To activate your trading account, you will need to identify yourself by sending Trading 212 the following:

  • Proof of identity - a national ID, passport or driver's license
  • Proof of address - a bank statement or a utility bill issued in the last three months

During one of our tests, we encountered a problem uploading our proof of address. Trading 212's system rejected it three times as it couldn't recognize the address. We had to contact customer support to solve the problem. Once we contacted them, they were able to solve the problem within a few hours.

Trading 212 review - Account opening

Trading 212 review
Deposit and withdrawal

4.3
To find out more about the deposit and withdrawal process, visit Trading 212
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Trading 212 deposits and withdrawals are free, fast, and can be done in several way. On the negative side, there are only a few account base currencies available in each country.
Pros Cons
Credit/Debit card available Few base currencies available in each country
Free withdrawal
No deposit fee

Account base currencies

Trading 212 supports the following account base currencies: GBP, EUR, USD, RON, PLN, CHF, NOK, SEK, CZK. However, of these, only 2 or 3 account base currencies are available in each country, usually the local currency plus USD. For example, only GBP, EUR and USD are available in the UK.

When taking this into account, Trading 212's base currency selection is similar to XTB's or eToro's. 

Base currencies at Trading 212 vs similar brokers
  Trading 212 XTB eToro
Number of base currencies 9 5 1

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. They offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Compare digital banks

Deposit fees and options

Trading 212 charges no deposit fees when you deposit to your CFD accounts or use a bank transfer deposit to your Invest account.

However, there is a 0.7% deposit fee if you deposit more than €2,000 in total to your Invest account using Credit/Debit cards or electronic wallets.

Besides bank transfer, you can use credit/debit cards, and the following electronic wallets:

  • Google Pay
  • PayPal
  • Skrill
  • Apple Pay
  • Dotpay
  • Giropay
  • Carte Bleue
  • Direct eBanking
  • iDEAL

Of these electronic wallets, not all are available in every country. It's not always transparent which one is available where.

Trading 212 deposit options
  Trading 212 XTB eToro
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes Yes
Electronic wallets Yes Yes Yes

A bank transfer can take several business days, while payment with a credit/debit card is instant.

You can only deposit money from accounts that are in your name.

Trading 212 review - Deposit and withdrawal - Deposit

Trading 212 withdrawal fees and options

Trading 212 charges no withdrawal fees. You can use the same options to withdraw funds as to deposit.

Trading 212 withdrawal fees and options
  Trading 212 XTB eToro
Bank transfer Yes Yes Yes
Credit/debit card Yes No Yes
Electronic wallets Yes No Yes
Withdrawal fee $0 $0 $5

How long does it take to withdraw money from Trading 212? We tested the debit card withdrawal and it took 1 business day.

You can only withdraw money to accounts that are in your name.

How do you withdraw money from Trading 212?

  • Log in to your account
  • Click 'Manage funds'
  • Enter your password
  • Select the withdrawal amount
  • Confirm the withdrawal request

Compare to other brokers

Trading 212 review
Web trading platform

4.9
To try the web trading platform yourself, visit Trading 212
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Trading 212 has a user-friendly and customizable web trading platform. It also provides a two-step login.
Pros Cons
User-friendly None
Two-step (safer) login
Good search function
Trading 212 platforms to choose from
Trading platform Score Available
Web 4.9 stars Yes
Mobile 4.9 stars Yes
Desktop - No

Trading 212 has its own in-house developed web trading platform. It is available in quite a few languages:

Trading 212 web trading platform languages
English German Dutch Spanish French Italian
Polish Russian Romanian Arabian Chinese  

Look and feel

The Trading 212 web trading platform is well-designed and user-friendly. You will find it very easy to use, even if have relatively little trading experience.

The platform has great customizability; you can easily change the position and size of the tabs. 

Trading 212 review - Web trading platform

Login and security

Trading 212 provides two-step authentication. You can only set it up through Trading 212's mobile app.

Search functions

Trading 212's search functions work well. You can easily search by typing the name of the product or by browsing pre-defined categories such as stocks or indexes.

Trading 212 review - Web trading platform - Search

Placing orders

CFD and Invest accounts offer different order types and order time limits:

Trading 212 order types
  CFD account Invest/ISA accounts
Market Yes Yes
Limit Yes Yes
Stop Yes Yes
Stop limit No Yes
OCO Yes No
Good until the end of day / canceled  No Yes

If you are not familiar with the basic order types, read this overview.

If you click to 'buy' or 'sell' an asset, you will be shown a trade ticket. This is very useful as it shows the important details of your order, like margin, swap rates, or stamp duty in the case of UK real stocks.

Trading 212 review - Web trading platform - Order panel

Alerts and notifications

You can set price alerts and notifications, e.g. about executed orders, important news or margin calls. These alerts show up as pop-up messages on the web platform. It would be better if you could also arrange to receive notifications through email or SMS.

Portfolio and fee reports

Trading 212 has clear portfolio and fee reports. You can access them if you click on your username and then select 'Report'. You can check your profit/loss, interest (swap points) charged or earned, or your cash balance, among other information.

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76% of retail CFD accounts lose money

Trading 212 review
Mobile trading platform

4.9
To try the mobile trading platform yourself, visit Trading 212
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Trading 212's mobile trading platform is user-friendly and well-designed, with great search, alert, and order functions.
Pros Cons
User-friendly None
Good search function
Price alerts

The Trading 212 mobile platform is available for both Android and iOS. We tested it on Android. It's available in the same languages as the web trading platform.

Look and feel

The Trading 212 mobile trading platform is user-friendly and well-designed. Overall, we had a great experience when using the mobile app.

Trading 212 review - Mobile trading platform

Login and security

Trading 212 provides two-step authentication, which is great. You can also use biometric authentication solutions, such as Touch ID.

Search functions

Just like the at the web trading platform, search functions on the Trading 212 mobile platform work well. You'll find any asset very quickly and easily.

Trading 212 review - Mobile trading platform - Search

Placing orders

You can use the same order types and time limits as on the web trading platform.  

Trading 212 review - Mobile trading platform - Order panel

Alerts and notifications

Price alerts and notifications are available, in the form of push notifications. However, price alerts sent via SMS or e-mail are absent from notification options.

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Trading 212 review
Desktop trading platform

Trading 212 does not offer a desktop trading platform.

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Trading 212 review
Markets and products

3.9
To dig even deeper in markets and products, visit Trading 212
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Trading 212 focuses mainly on CFDs and forex. You can also trade real stocks and ETFs, but popular asset classes like bonds, mutual funds, options and futures are missing.

Although Trading 212 offers real stocks and ETFs, it is considered primarily a CFD and forex broker. To learn more about CFDs, read our CFD trading tips.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading 212 has extensive forex and commodity CFD selection. Its stock CFD and stock index CFD selections are average, while the number of ETF CFDs available is low.

Trading 212 product selection
  Trading 212 XTB eToro
Currency pairs (#) 184 49 47
Stock index CFDs (#) 51 42 13
Stock CFDs (#) 1,700 1,800 2,000
ETF CFDs (#) 28 114 145
Commodity CFDs (#) 45 22 14
Cryptos (#) - 25 16

Unfortunately, leverage levels cannot be set manually in the trading platforms. 

Changing the leverage manually can help you lower the risk of your trades. Always be careful with forex and CFD trading, as the preset leverage levels may be too high.

Stocks and ETFs

You can also invest in real stocks and ETFs. Trading 212's stock and ETF portfolio may seem a bit limited compared with other brokers, but you still have more than 3,000 instruments to choose from.

Trading 212 stock and ETF selection
  Trading 212 XTB eToro
Stock markets (#) 7 17 17
ETFs (#) 200 220 145

AutoInvest

You can use Trading 212's AutoInvest feature, which will help you to:

  • Easily create a diversified portfolio, which makes the rebalancing automatically.
  • To set regular contributions, deposits

After you set up your portfolio, the deposits will be automatically invested into this portfolio.

Trading 212 review
Research

2.8
To check the available research tools and assets, visit Trading 212
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Trading 212 offers great charting tools, but trails behind the competition when it comes to its news feeds or fundamental data and analyses.
Pros Cons
Good interactive chart No fundamental data available
User-friendly No/poor quality news flow

You can find research tools both on the web and on the mobile trading platforms. The research tools are available in the same languages as the trading platforms themselves.

Trading ideas

Trading 212 provides only basic daily technical updates. We suggest you do your homework and do your own analysis or complement Trading 212's TA tips with other sources.

Trading 212 review - Research - Recommendations

Fundamental data

One of the weaknesses of Trading 212 is that the company does not provide fundamental analyses or fundamental data related to its tradable products.

For example, if you're interested in the P/E ratio of Apple or want to look up historical US employment rates, you will need to find alternative sources.

Charting

Charting is one of the strengths of Trading 212's trading platforms. Almost all the necessary technical analysis studies are available, with more than 60 technical indicators at your disposal to help your trading decisions.

Trading 212 review - Research - Charting

News feed

Trading 212's news feed is limited. You can only find some basic news, statistics or technical analysis related to various instruments. Trading 212 doesn't have its own market analyst team.

On the other hand, we liked the economic calendar. It's helpful to see the most important events in one place, and it's also great that you can filter events by impact or currency pairs.

Trading 212 review - Research - Economic calendar

Other research tools you will enjoy

Trading 212 provides a "Filter" feature on the Trading 212 investing platform. You can filter stocks based on stock prices.

Trading 212 review - Research - Stock filter

Compare research pros and cons

Trading 212 review
Customer service

1.0
To find customer service contact information details, visit Trading 212
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Trading 212 offers adequate customer support. We received fast, straightforward and relevant information to our questions, from helpful staff. We missed live chat, however.
Pros Cons
Relevant answers No live chat
24/7 availability No Phone support

You can contact Trading 212 only via email. Email support works well. When we contacted Trading 212 via email, they sent us prompt, relevant and straightforward answers

We missed the live chat and phone support options.

Customer service is available 24/7.

Trading 212 review - Customer service

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Trading 212 review
Education

4.0
To check the available education material and assets, visit Trading 212
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Trading 212 offers text and video tutorials on how to use the trading platforms and about the basics of trading, a great feature for beginners. The only thing we missed was webinars.
Pros Cons
Demo account No webinars
Trading platform tutorial
Educational videos

At Trading 212 you can explore the options below if you want to develop your trading skills:

  • Demo account
  • Platform tutorial videos
  • General educational videos
  • Quality educational articles

The education materials on Trading 212's website are worth checking out. They explain in an easy-to-understand way and in great detail how to use the trading platforms.

Trading 212 review - Education

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Trading 212 review
Safety

To find out more about safety and regulation, visit Trading 212
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Trading 212 is regulated by the top-tier FCA and provides negative balance protection. However, it is not listed on any stock exchange and doesn't have a banking background.
Pros Cons
Majority of clients belong to a top-tier financial authority Does not hold a banking license
Negative balance protection Not listed on stock exchange
Financial information is not publicly available

Trading 212 was originally established in Sofia, Bulgaria in 2004, and opened its London, UK office in 2013, which is now considered as its headquarters.

Is Trading 212 regulated?

Yes, Trading 212 is legit, it is regulated by the UK's Financial Conduct Authority (FCA) and Bulgaria's Financial Supervision Commission (FSC). 

Is Trading 212 safe?

To be certain, we highly advise that you check two facts:

  • how you are protected if something goes wrong
  • what the background of the broker is

How you are protected

Depending on with which legal entity you open your trading account with, different compensation schemes apply: 

Trading 212 legal entities
Client country Investor protection amount Regulator Legal entity
United Kingdom, Germany £85,000 Financial Conduct Authority (FCA) Trading 212 UK Limited (UK)
Other countries 90% of your funds, max €20,000 Bulgarian Financial Supervision Commission (FSC) Trading 212 Ltd

An important point to highlight is that Trading 212 offers negative account balance protection.

Background

Trading 212 was established in 2004. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Being regulated by the top-tier FCA and being in operation for a long time are all great signs for Trading 212's safety.

Find your safe broker

Trading 212 review
Bottom line

Visit Trading 212 if you are looking for further details and information
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Trading 212 works as a CFD and forex broker regulated by multiple financial supervisory authorities.

On the plus side, Trading 212 offers commission-free stocks and ETFs, while CFD fees and non-trading fees are low as well. The account opening process is seamless and the trading platforms are user-friendly.

However, Trading 212 has a limited product portfolio, lacking popular asset classes such as bonds or options. We missed phone and live chat support, and found forex fees relatively high.

So is Trading 212 good? Trading 212 is a good choice for those interested in investing in equities or trading leveraged forex and CFD products, with the use of a great trading platform. As it offers a demo account, don't hesitate to give it a try.

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Trading 212 review
FAQ

We recommend Trading 212 for active cfd and fx traders and investors looking for intuitive trading platforms.

Below you can find links to all aspects of Trading 212 in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Trading 212 fees article.

What about the minimum deposit?

Our ultimate guide to the Trading 212 minimum deposit is updated regularly.

How to start your Trading 212 account?

Look no further than our evaluation of the Trading 212 account opening.

How's their trading app?

Here's our expert view after checking the Trading 212 trading app.

Is the quality of customer service satisfactory?

All you need to know about the Trading 212 customer service.

Legit or scam?

Is Trading 212 legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Trading 212 is really free.

Is this broker good for beginners?

We checked it in Is Trading 212 good for beginners.

Should you buy your silver bullets on Trading 212?

Research for silver bugs in the Silver buy on Trading 212 guide

I want to trade options, are they available at Trading 212?

We explored the topic in Can you trade options on Trading 212?

What is the minimum account balance at Trading 212?

Check out the current account balance requirements at Trading 212 in our What is the minimum account balance at Trading 212 article.

Looking for commission and fees data for Trading 212?

We collected them in Trading 212 commission and fees.

How do you withdraw money from Trading 212?

We tested it and collected the options and costs in How to withdraw money on Trading 212.

Trading 212: further reading

Author of this review

Ádám Nasli

Author of this review

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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