Trading212 vs eToro | Which is best 2024 (2024)

Review

2.5

Review

4.1

Traders from US not accepted

See available CFD brokers

Traders from US not accepted

See available CFD brokers

Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets.

eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail accounts lose money.

76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Customer Reviews

Based on 1 Trading 212 customer reviews

Based on 2 eToro customer reviews

Comment by Reviewer "With its user-friendly app, low barrier to entry and fractional shares, Trading 212 is particularly suited to beginners. However, it lacks the advanced charting tools experienced day traders will want. Its products are also increasingly geared towards longer-term investors." "eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers." Pros

One of the standout features of Trading 212 is its commission-free trading, meaning you can buy and sell stocks, ETFs, and other financial instruments without incurring traditional brokerage fees
Trading 212 has an intuitive and user-friendly platform that is especially accessible for beginners, with a straightforward layout and a reasonable range of tools for analysis
The platform offers a good suite of instruments, including stocks, indices, ETFs, currencies, commodities, and CFDs. This variety can help you to create a diversified investment portfolio
A sleek mobile app lets you trade on the go. It’s well-designed and offers features similar to the web platform, making it convenient if you prefer mobile trading
Up to 5.1% interest on uninvested cash is available, appealing to hands-off investors

The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo
Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators
There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade
Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program
Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more
eToro is a world-renowned brand with top-tier global regulation and a 25M+ user community

Cons

Experienced day traders who rely on sophisticated technical analysis tools will find Trading 212’s charting features to be somewhat basic, especially compared to alternatives like IG
While Trading 212 offers leveraged trading through CFDs, there are restrictions on leverage for certain instruments. If you want high leverage for your strategies, you will find these limitations constraining
There’s no copy trading, a significant drawback given Trading 212's client base is largely beginners and brokers like eToro offer this feature
There is no support for algorithmic or automated trading, nor third-party apps like MetaTrader 4, which will deter advanced traders. IC Markets ticks these boxes

The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software
There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital
Traders will face currency conversion fees for account denominations other than USD
There are limited contact methods aside from the in-platform live chat

Awards

Best Cryptocurrency Trading Platform 2022 - Finder
Education Materials/Program 2022 - Investment Trends
Best Copy Trading Platform 2021 - Ultimate Fintech Awards
Best Multi-Asset Trading Platform 2021 - Ultimate Fintech Awards
Best Stockbroker 2021 - Ultimate Fintech Awards
Best Social Trading Platform 2019 - ADVFN International Financial Awards

Instruments CFDs, Forex, Stocks, Indices, Commodities, ETFs Stocks, ETFs, Options, Crypto Demo Account Yes Yes Minimum Deposit $1 $10 Trading Platforms

eToro Web
CopyTrader
TradingCentral

Payment Methods

Apple Pay
Credit Card
Debit Card
Giropay
Google Wallet
iDeal
Mastercard
PayPal
Skrill
Sofort
Visa
Wire Transfer

Debit Card
iDeal
Klarna
Neteller
PayPal
Przelewy24
Rapid Transfer
Skrill
Sofort
Swift
Trustly
Visa
Wire Transfer

Minimum Trade 0.01 Lots $10 Regulator FCA, CySEC, FSC FCA, ASIC, CySEC, FSA, FSRA, MFSA Margin Trading Yes Yes Margin Rate 1% STP Account Yes Yes ECN Account No No DMA Account No No MAM Account No No PAMM Account No No LAMM Account No No Demat Account No No AI / Machine Learning No Yes Robo Advisor No No Negative Balance Protection Yes Yes Market Maker Yes Yes P2P Trading No No Spot Trading No Yes Mobile Apps iOS & Android iOS & Android App Review

Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.

eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.

Android App Rating

iOS App Rating

4.8

Auto Trading AutoInvest Portfolio Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. Copy Trading No Yes Copy Trading Platform eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. Social Trading Yes Yes Trade Signals Yes VPS Hosting No No Tournaments No No Demo Competitions No No Ethical Investing Yes Yes Custodial Account No No Guaranteed Stop Loss No No Inactivity Fee $10 Islamic Account No Yes Account Currencies

Stock Exchanges

Australian Securities Exchange
CAC 40 Index France
DAX GER 40 Index
Dow Jones
Euronext
FTSE UK Index
Hang Seng
Hong Kong Stock Exchange
IBEX 35
Japan Exchange Group
Nasdaq
SIX Swiss Exchange

Australian Securities Exchange
Borsa Italiana
CAC 40 Index France
DAX GER 40 Index
Deutsche Boerse
Dow Jones
Euronext
FTSE UK Index
Hang Seng
Hong Kong Stock Exchange
IBEX 35
Japan Exchange Group
Korean Stock Exchange
London Stock Exchange
Nasdaq
National Stock Exchange Of India
New York Stock Exchange
Russell 2000
Shanghai Stock Exchange
SIX Swiss Exchange
Tokyo Commodity Exchange
Taiwan Stock Exchange

Commodities

Cocoa
Coffee
Copper
Corn
Cotton
Gasoline
Gold
Lead
Livestock
Natural Gas
Oil
Palladium
Platinum
Silver
Soybeans
Sugar
Wheat

Aluminium
Cocoa
Coffee
Cannabis
Copper
Corn
Cotton
Gasoline
Gold
Iron
Lead
Lithium
Livestock
Natural Gas
Nickel
Oil
Orange Juice
Palladium
Platinum
Precious Metals
Silver
Soybeans
Sugar
Wheat
Zinc

CFD Trading Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors. You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. Leverage 1:30 FTSE Spread 2.5 1.5 GBPUSD Spread 0.00028 1.9 Oil Spread 0.4 0.05 Stocks Spread 0.2% Var 0.57 (Apple) Forex Trading Trade over 180 major, minor, and exotic forex pairs on the Trading 212 platform, featuring floating spreads and leverage up to 1:30. It’s important to note, though, that the forex broker has a history of adjusting margin requirements without providing adequate notice. As a result, CMC Markets is a better pick for forex traders with more currency pairs and a cleaner record. An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. Forex App

eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.

GBPUSD Spread 0.00028 1.9 EURUSD Spread 0.00015 0.9 EURGBP Spread 0.00044 1.3 Assets 180+ 55 Currency Indices

Cryptocurrency Crypto trading not offered eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. Spread BTC 1% Coins

BTC
ETH
BCH
XRP
DASH
LTC
ETC
API3
CRO
SKL
IMX
ADA
MIOTA
XLM
EOS
NEO
TRX
ZEC
BNB
XTZ
DOT
MKR
COMP
LINK
UNI
YFI
DOGE
AAVE
FIL
ALGO
ATOM
MANA
APE
LRC
ENJ
BICO
BAT
BNT
OGN
MATIC
FLR
GALA
ALICE
CHZ
HBAR
DYDX
SOL
THETA
FTM
GRT
1INCH
CRV
ANKR
OXT
REN
SNX
STORJ
ZRX
CELO
SUSHI
QNT
BAL
FET
SHIBxM
AMP
AXS
SGB
CTSI
ENS
UMA
LUNC
FTT
SRM
LPT
KNC
ARB
RNDR
OP
LDO

Crypto Lending No No Crypto Mining No No Crypto Staking No No Auto Market Maker No No

Review

FAQs

Trading212 vs eToro | Which is best 2024? ›

Our experts rated the trading platform of Trading 212 as being of the same quality as the platform of eToro, found that clients have access to about the same number of markets and products with Trading 212, while eToro provides just about the same quality of research and education.

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Is eToro better than Trading 212? ›

eToro vs Trading 212: Key Differences

There's not a huge amount in it, but overall Trading 212 is a cheaper platform. Both platforms emphasise zero commission, but Trading 212 wins with its free withdrawals and especially the fact that it doesn't require you to trade in USD.

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What is better than Trading 212? ›

Although we think Trading 212 is great, it's not for everyone. There are great alternatives out there. Your best options for low cost stock trading and investing are eToro¹ and Lightyear¹, and for ETFs within an ISA, it's InvestEngine¹. If you want to trade stocks and shares within an ISA, check out AJ Bell¹.

Is eToro good for long term? ›

The main reasons why eToro is not good for longer-term investors are because their accounts are in USD, you can't invest through tax-free wrappers, or into a pension and there is limited access to bonds and funds.

Is Trading 212 good for long term investing? ›

A: Yes, Trading 212 is a reliable platform for long-term investing. It is regulated by the FCA in the UK and client funds are held in custody at Interactive Brokers, a reputable brokerage with a strong financial position.

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Who is better than eToro? ›

eToro and its alternatives compared

Broker	Web platform score	Mobile platform score
IG	5.0 /5	5.0 /5
Interactive Brokers	4.3 /5	4.3 /5
XTB	4.4 /5	4.4 /5
Saxo	5.0 /5	5.0 /5

7 more rows

May 10, 2024

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Why is eToro so popular? ›

eToro is an established and reliable leader in the global finance industry, and is trusted by millions worldwide. As a responsible and regulated broker with years of experience in the financial markets and the fintech space, we take our reputation — and our clients' trust — very seriously.

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Can Trading 212 go bust? ›

Client money

We want to stress that we do not use any of our clients' funds for our own hedging or margin trading. By keeping client funds separate from our own, in the unlikely event that Trading 212 were to become insolvent, your funds would still be accessible to you.

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Why is Trading 212 so popular? ›

Removing the barrier. We disrupted the stock brokerage industry by offering the first zero-commission stock trading service in the UK and Europe, unlocking the stock market for millions of people.

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Is Trading 212 safe for large amounts of money? ›

Is my money still protected? Where we hold your money with a bank, clients of Trading 212 UK Ltd. are protected by the FSCS up to a limit of £85,000.

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What is the downside to eToro? ›

Cons Explained

Margin trading not available in the U.S.: More experienced traders looking to trade crypto or other assets with margin will not find this feature on eToro. Lacks advanced trading tools and features: eToro's focus is on simplicity and user experience, primarily targeting a broad investor base.

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What happens if eToro shuts down? ›

An assigned liquidator will manage the dissolution of eToro's assets and distribution among its users. Regulatory protection compensates users, should company assets fall short. For users with larger balances, private insurance covers losses of up to 1 million euros/AUD.

Can you live off eToro? ›

As someone who has an account on eToro i can tell you that you can make money, depending on who you follow or copy. But to make real money i suggest you study up on trading and learn to do it yourself. You can make a good living or grow your estate through this platform.

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Is Trading 212 tax free? ›

While we do not deduct capital gains tax on profits, some dividends may be subject to a withholding tax. Local tax authorities apply this tax, and we are required to withhold the tax before crediting the dividends to your account.

Do I actually own shares on Trading 212? ›

From your point of view, Trading 212 holds your shares. However, there are more steps in that chain. From Trading 212's point of view, Interactive Brokers holds your shares. They then hold the shares in a custody chain, which can often be complex.

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Should I use Vanguard or Trading 212? ›

In summary, Trading 212 is more suited for active traders looking for a wide array of trading options and minimal entry costs, while Vanguard caters to long-term investors focusing on index funds and ETFs, offering a low-cost structure for larger investment amounts.

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Is eToro a good trading site? ›

eToro was founded in 2007 and is regulated in three Tier-1 jurisdictions and one Tier-4 jurisdiction. eToro has earned a Trust Score rating of Highly Trusted. eToro is excellent for social copy trading and cryptocurrency trading and was our top pick for both categories for our 2024 Annual Awards.

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Why not use Trading 212? ›

Trading 212 can be bad because it offers high-risk leverage products like CFDs alongside an app that is aimed at new and inexperienced investors. That is the answer to the question you may have asked if you've stumbled onto this page because you are looking for reasons not to trade with Trading 212.

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Is eToro the best broker? ›

eToro stands out as an excellent choice for beginners, thanks to its user-friendly app and competitive fees. I've found their service ideal for investing in stocks and ETFs. What sets eToro apart is its superior copy-trading feature, which outperforms similar services from other brokers.

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