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Alternatives to Trading 212

blue image of trading212 app on phone and trading statistics
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We have compiled this list of the top alternatives to Trading 212, suiting customers looking for a trading platform with similar features.

These alternatives will also suit customers seeking a missing tool not currently found on Trading 212.

Why should traders choose Trading 212?

Trading 212 is a well-known trading platform that offers several tools for stock research and trade execution. The programme allows users to trade exchange-traded assets such as fractional shares and CFDs on 29 commodities, 36 indices, 1,536 stocks, and 184 currency pairings. Users may invest in stocks, exchange-traded funds (ETFs), foreign currencies, and commodities without commissions.

Negative Balance Protection is a significant feature of the Trading 212 app. When users place a deal that does not fulfil the standards, their account will always stay above zero despite their negligence. This function can reduce their profit loss when deals do not go as anticipated, making it one of the most powerful tools accessible to traders.

The app is intended to give customers easy access to all their data in one location. The UI is straightforward, making it suitable for traders of all skill levels. Any device, including tablets and desktops, may view users' open opportunities. Skilled traders who want additional alternatives will also appreciate the ability to establish price alerts to receive notifications when certain prices hit specified thresholds.

The Trading 212 mobile app offers a wealth of educational resources and notifications to assist customers in trading their path to financial freedom. They seek to raise the standard of customer service by providing helpful video lessons, instructional resources, and educational programmes to assist customers in learning the characteristics of successful traders in the sector.

Nevertheless, there are several difficulties that the app has yet to address, and they are as follows:

There are limited ETFs to consider investing in, automatically lending customer shares and high currency conversion fees.

Trading 212 is also unavailable in the US or Canada, so if customers reside in any of these countries, they should hunt for alternatives to Trading 212.

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How to open a Trading 212 account

The Trading 212 mobile app provides a convenient, safe, and secure environment for traders to engage with one another. Traders may deposit cash, trade, generate income, and speak freely with one another to improve their stock trading skills.

  1. Users must initially register with the app by entering their email address, nationality, birth date, and other information.

  2. Consumers may be required to supply bank statements, tax information, or a tax ID.

  3. Customers must first choose a base currency and an account type, such as an ISA, CFD, or investment account.

  4. Trading 212 will ask users about key information they wish to store in a database, such as their financial condition and trading experience.

  5. Consumers will then agree to the app's terms and conditions and authenticate their account using residency or identification verification.

  6. Creating and validating an account might take two to three business days.

Things to consider when looking for alternatives to Trading 212

Compatibility: Users must select a Trading 212 alternative with features and trading costs that suit their needs and investing approach.

Fees: While looking for an alternative, clients should consider the costs they may be paying. Trading 212 does not charge a commission cost; thus, an ideal option would set zero or a very modest commission price.

Security - Security is a crucial factor to consider while searching for alternatives. Always investigate each agent's security methods and policies. Always ensure that your broker's security processes and procedures satisfy the basic levels set by authorities such as the Financial Conduct Authority (FCA).

Top broker alternatives to Trading 212

  1. IG Broker The IG Group is the world's largest CFD broker. It provides various goods and services, including FX and currency, shares, indices, and others.

Consumers can trade using their computers or mobile devices. Yet, because all of IG's applications are integrated, installing software on your mobile device is unnecessary. The platform can also obtain real-time market data, making it faster, simpler, and safer than nearly every available app.

Trading 212, on the other hand, has an excellent app. IG offers cheaper costs and provides fee-free bitcoin withdrawal options. After two years, there is an inactivity fee assessment. The FX and stock CFD costs, on the other hand, are rather hefty.

  1. XTB XTB provides diverse trading circumstances, including Forex CFDs, CFD, and CFD futures markets. Exchanges are offered in the US, Europe, the UK, and 108 other nations worldwide.

It is easy to create an account on the site and begin immediately after finishing the registration procedure. Deposit funds with a Visa or MasterCard credit card; alternatively, there are various wire transfer methods from your bank account.

One disadvantage of using this broker is that it charges an inactivity fee.

  1. eToro eToro is an excellent alternative for Trading 212. The broker offers zero-commission stock trading. The site includes several new features, like social trading and a cryptocurrency platform. The account opening process is quick and easy. Yet, there are some disadvantages. There is a $5 withdrawal charge, and eToro only accepts USD accounts, so conversion expenses on deposits and withdrawals might be significant if your funding currency is not US dollars.

The following traders will benefit from the broker's mobile app: Individuals seeking a zero-commission platform, Multi-asset traders (those who wish to trade many assets simultaneously), and Newbies looking to make their first stock trade.

  1. provides an excellent account opening experience and a diverse choice of capital markets products, including cheap FX CFD costs and commission-free actual stocks, as well as high stock index CFD fees for clients. To trade on, customers must make a minimum deposit of $20 to start an account. Withdrawals are free as long as no slippage penalties are applied.

Compared to Trading 212, all of these brokers are considered viable trading options. They offer appealing features, and most consumers are pleased with their experience. When moving assets, users should conduct studies and select the best alternative.

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Author: Emmanuel Baiden

Author: Emmanuel Baiden

7 years experience within the financial services sector most notably in Sales, Trading, research and writing articles within the crypto space. I have a bachelor's degree in International Business and a Master's in Investment and Risk Finance . I am also an associate member of the Chartered Institute for Securities and Investment.

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