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Our top alternative brokers to Trading 212
eToro
4.6
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Your capital is at risk
XTB
4.6
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80% of retail CFD accounts lose money
Our top alternative brokers to Trading 212
eToro
4.6
Visit broker
Your capital is at risk
XTB
4.6
Visit broker
80% of retail CFD accounts lose money
Trading 212 Alternatives

The best alternatives to Trading 212 are

  1. eToro - Global social trading broker
  2. XTB - Global CFD and forex broker

Let's see in a bit more detail how the Trading 212 alternatives compare to Trading 212 and each other:

Trading 212 alternatives comparison
Trading 212 eToro XTB
Overall score 4.6 4.6 4.6
Fees score 4.3 stars 4.2 stars 4.0 stars
Account opening score 4.5 stars 5.0 stars 5.0 stars
Deposit and withdrawal score 4.5 stars 3.7 stars 4.5 stars
Web platform score 4.4 stars 4.4 stars 4.4 stars
Markets and products score 3.7 stars 3.8 stars 2.8 stars
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76% of retail CFD accounts lose money
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Your capital is at risk
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80% of retail CFD accounts lose money

Why are these brokers considered good alternatives to Trading 212? There are many areas based on which Trading 212 can be compared with others. When we say a given online broker is a good alternative to Trading 212 we mean these brokers are comparable in the following areas:

  • The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
  • The type of clients they target, i.e. beginners, experienced investors, or day traders.

Trading 212 alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

  • Trading 212 is recommended for active cfd and fx traders, and investors preferring intuitive trading platforms
  • eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
  • XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Important factors of finding Trading 212 alternatives

So far BrokerChooser has reviewed 63 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with weighting based on readers' preferences
  • refresh data regularly

Whether Trading 212 or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Trading 212 is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Trading 212 alternative.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Trading 212 this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Trading 212, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Trading 212 alternative is a must.


Now let's dive into the details of how Trading 212 and its alternatives perform in the most important areas!

Trading 212 alternatives
Trading 212

Trading 212 is a global CFD and FX broker, but clients can also invest in stock and ETF free of charge. The company was founded in 2004 and 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.

Recommended for active cfd and fx traders, and investors preferring intuitive trading platforms

Pros Cons
Real stocks and ETFs are commission-free Limited product portfolio
Quick and easy account opening Basic tools for fundamental analysis
Great trading platform High EURUSD fee

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76% of retail CFD accounts lose money

Fees
4.3

Trading 212 has commission-free stock and ETFs and low CFD fees. It's also great that there are no fees for deposit, withdrawal, and inactivity. On the other hand, high fees are charged for EURUSD trading.
Pros Cons
Free stock and ETF High fees for EURUSD
Low CFD fees
No withdrawal and inactivity fee
Trading 212 alternatives trading fees
Trading 212 eToro XTB
S&P 500 index CFD fee $2.6 $2.4 $2.0
Europe 50 index CFD fee $3.9 $2.7 $2.2
EURUSD benchmark fee $19.6 $19.6 $15.0
GBPUSD benchmark fee $12.8 $16.2 $11.1

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX

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76% of retail CFD accounts lose money

Account opening
4.5

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
Trading 212 alternatives minimum deposit and account open times
Trading 212 eToro XTB
Minimum deposit $1 $200 $250
Time to open account 1 day 1 day 1 day

Learn more about Trading 212 minimum deposit here.

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76% of retail CFD accounts lose money

Deposit and withdrawal
4.5

Trading 212's deposits and withdrawals are free, fast, and can be done in several forms. On the negative side, there are only a few account base currencies available in one country.
Pros Cons
Credit/Debit card available Few base currencies available in one country
Free withdrawal
No deposit fee
Trading 212 and alternatives withdrawal options and fees
Trading 212 eToro XTB
Bank Transfer Yes Yes Yes
Credit/Debit card Yes Yes No
Electronic wallets Yes Yes No
Withdrawal fee $0 $5 $0

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76% of retail CFD accounts lose money

Web trading platform
4.4

Trading 212 has a user-friendly and customizable web trading platform. Small weakness is the lack of two-step authentication and the range of available order types.
Pros Cons
User-friendly No two-step (safer) login
Good search function
Good customizability (for charts, workspace)
Trading 212 - Web trading platform
Trading 212 and alternatives trading platform scores
Trading 212 eToro XTB
Web platform score 4.4 stars 4.4 stars 4.4 stars
Mobile platform score 4.4 stars 4.9 stars 4.3 stars
Desktop platform score - - 4.4 stars

Learn more about Trading 212's web trading platform in the detailed Trading 212 review.

Visit broker
76% of retail CFD accounts lose money

Markets and products
3.7

Trading 212's product selection focuses mainly on CFDs, forex and crypto assets. There are also real stock and ETFs available. Popular asset classes like bonds, mutual funds, options, and futures are not available.
Trading 212 and alternatives markets and products
Trading 212 eToro XTB
Stock Yes Yes Yes
ETF Yes Yes Yes
Forex Yes Yes Yes
Fund No No No
Bond No No No
Options No No No
Futures No No No
CFD Yes Yes Yes
Crypto Yes Yes Yes

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76% of retail CFD accounts lose money

Verdict

Trading 212 is a CFD and forex broker regulated by multiple financial supervisory authorities. 

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

However, Trading 212 has a limited product portfolio, lacking popular asset classes, like bonds or options. We missed research tools for fundamental analysis and the EURUSD fees are high.

Trading 212 is a good choice for those who are interested in investing in equities or trading with leveraged FX and CFD products with the use of a great trading platform. 

Trading 212
Summary Trading 212 is a CFD and forex broker regulated by the UK FCA and Bulgarian FSC. In the UK and Germany, Trading212 offers commission-free stock and ETF trading as well.
Fees score 4.3 stars
Recommended for Active CFD and FX traders, and investors preferring intuitive trading platforms

Visit broker More
76% of retail CFD accounts lose money

Trading 212 alternatives
eToro

eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.

eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.

eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Pros Cons
Free stock and ETF trading High forex fees
Seamless account opening Withdrawing money can be slow
Social trading experience Only one account base currency

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Fees
4.2

eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
Pros Cons
Low trading fees High forex fees
Free stock trading Withdrawal fee
Low CFD fees
Trading 212 vs. eToro: Trading fees
eToro Trading 212
Apple benchmark fee $6.8 $10.5
Vodafone benchmark fee - $4.5
EURUSD benchmark fee $19.6 $19.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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Your capital is at risk

Account opening
5.0

Account opening at eToro is seamless and very fast.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Trading 212 vs. eToro: Minimum deposit, time to open an account
eToro Trading 212
Minimum deposit $200 $1
Time to open account 1 day 1 day

If you are interested more in eToro minimum deposit, this overview will help you.

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Your capital is at risk

Deposit and withdrawal
3.7

Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
Pros Cons
Credit/Debit card available Only one account base currency
No deposit fee $5 withdrawal fee
User-friendly Conversion fee for non-USD deposits
Trading 212 vs. eToro: Withdrawal options
eToro Trading 212
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $5 $0

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Your capital is at risk

Web trading platform
4.4

eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
Pros Cons
User-friendly Limited customizability (for charts, workspace)
Clear fee report
Two-step (safer) login
Web trading platform of eToro, a Trading 212 alternative
Trading 212 vs. eToro: Trading platform scores
eToro Trading 212
Web platform score 4.4 stars 4.4 stars
Mobile platform score 4.9 stars 4.4 stars
Desktop platform score - -

Learn more about eToro's web trading platform in the detailed eToro review.

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Markets and products
3.8

At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
Trading 212 vs. eToro: Markets and products
eToro Trading 212
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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Your capital is at risk

Verdict

eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.

It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.

Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.

Risk disclaimer

eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.

Past performance is not an indication of future results.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro
Summary eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC.
Fees score 4.2 stars
Recommended for Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading

Visit broker More
Your capital is at risk

Trading 212 alternatives
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
Low forex and stock index CFD fees High fee for stock CFD
Free and fast deposit and withdrawal Limited product portfolio, mostly CFD and FX
Easy and fast account opening Poor email support

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80% of retail CFD accounts lose money

Fees
4.0

XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
Pros Cons
Low trading fees High stock CFD fees
Low non-trading fees
No withdrawal fee
Trading 212 vs. XTB: Trading fees
XTB Trading 212
Apple benchmark fee $17.9 $10.5
Vodafone benchmark fee $20.9 $4.5
EURUSD benchmark fee $15.0 $19.6

Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX

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80% of retail CFD accounts lose money

Account opening
5.0

XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
Pros Cons
Fast None
Fully digital
Low minimum deposit
Trading 212 vs. XTB: Minimum deposit, time to open an account
XTB Trading 212
Minimum deposit $250 $1
Time to open account 1 day 1 day

If you are interested more in XTB minimum deposit, this overview will help you.

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80% of retail CFD accounts lose money

Deposit and withdrawal
4.5

XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
Pros Cons
Credit/Debit card available None
Free withdrawal
No deposit fee
Trading 212 vs. XTB: Withdrawal options
XTB Trading 212
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

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80% of retail CFD accounts lose money

Web trading platform
4.4

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.
Pros Cons
User-friendly No two-step (safer) login
Clear fee report
Good search function
Web trading platform of XTB, a Trading 212 alternative
Trading 212 vs. XTB: Trading platform scores
XTB Trading 212
Web platform score 4.4 stars 4.4 stars
Mobile platform score 4.3 stars 4.4 stars
Desktop platform score 4.4 stars -

Learn more about XTB's web trading platform in the detailed XTB review.

Visit broker
80% of retail CFD accounts lose money

Markets and products
2.8

XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
Trading 212 vs. XTB: Markets and products
XTB Trading 212
Stock Yes Yes
ETF Yes Yes
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

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80% of retail CFD accounts lose money

Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA and Poland's KNF.
Fees score 4.0 stars
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

Visit broker More
80% of retail CFD accounts lose money

Trading 212 alternatives
Bottom line

Based on our analysis, there are several good alternatives to Trading 212. They all offer similar products and target similar customers. Here's a recap of the results in a table.

Trading 212 alternatives
Broker Info Recommended for
Trading 212 Global CFD and forex broker Active CFD and FX traders, and investors preferring intuitive trading platforms
eToro Global social trading broker Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
XTB Global CFD and forex broker Forex and CFD traders looking for low fees and great deposit/withdrawal service

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

Ádám Nasli

Ádám Nasli

Broker Expert

Author of this article

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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