Written by ForexBrokers.com
In this head to head comparison of Trading 212 vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
Trading 212 and FXOpen are well-known online brokers with a focus on providing trading services since their founding in 2004 and 2003, respectively. Neither broker is publicly traded or operates as a bank, offering them the flexibility to focus solely on their trading platforms. When it comes to regulatory standing, both brokers hold 2 Tier-1 licenses, which are considered to be highly trusted by industry standards. This similarity underlines their commitment to maintaining security and trustworthiness for their clients.
However, there are some distinctions between the two in terms of their Trust Score ratings, as assessed by ForexBrokers.com. Trading 212 has a Trust Score of 79, placing it in the "average risk" category, while FXOpen has a slightly lower score of 76, also falling into the "average risk" range. Both brokers hold no Tier-2 licenses, reflecting a consistent level of regulatory oversight. This information helps prospective traders evaluate the relative risk and regulatory compliance of these two providers.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Year Founded | 2004 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing the online brokers Trading 212 and FXOpen in terms of commissions and fees, Trading 212 offers a noteworthy service with its two account types: the Invest account, with a minimum deposit of 1 euro, and the CFD account, requiring a minimum deposit of 10 euros. Focusing on the CFD account, Trading 212 advertises zero-commission trading; however, traders must pay attention to the spread costs associated with CFDs and forex trading. While the company has improved transparency by publishing average spread data, in January 2024, its spread for the EUR/USD pair was 1.9 pips, higher than the industry average. This positions Trading 212 slightly behind top brokers in the category.
On the other hand, FXOpen does not provide average spread data, making it difficult for traders to easily compare potential costs upfront. This lack of transparency may hinder potential clients from fully understanding all fee-related aspects prior to committing to FXOpen's services. However, both brokers make strides towards keeping transaction costs manageable for users seeking budget-friendly trading options.
In terms of user satisfaction ratings, both Trading 212 and FXOpen have received 4-star ratings out of 5 for commissions and fees. Despite this, when ranked by ForexBrokers.com, Trading 212 holds the 43rd spot out of 62 brokers, whereas FXOpen comes in a bit lower at 45th. This suggests that while both brokers offer competitive options, Trading 212 slightly edges out FXOpen in user evaluations within this specific category.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Minimum Deposit | €10 | $100 |
| Average Spread EUR/USD - Standard | 1.9 | N/A |
| All-in Cost EUR/USD - Active | 1.9 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Trading 212 to FXOpen, Trading 212 stands out with a more extensive range of investment options. Trading 212 offers an impressive selection of 8,025 tradeable symbols, including 146 forex pairs. FXOpen, on the other hand, provides access to 87 tradeable symbols with only 25 forex pairs available. With Trading 212, investors can buy exchange-traded securities on both U.S. and international exchanges, enabling the purchase of shares in companies like Apple and Vodafone. FXOpen lacks this feature, as it doesn't support the trading of exchange-traded securities on these exchanges.
For those interested in forex trading, both brokers offer trading through CFDs or spot contracts. However, if copying trades appeals to you, FXOpen provides this functionality, while Trading 212 does not. Regarding cryptocurrency, both platforms enable trading through derivatives rather than actual cryptocurrency purchases. Trading 212's broad investment spectrum earns it a top rating of 5 stars for range of investments and a ranking of 15th out of 62 brokers by ForexBrokers.com, contrasting with FXOpen's 3-star rating and 61st position in the same review.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8025 | 87 |
| Forex Pairs (Total) | 146 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Trading 212 and FXOpen both offer some great tools for online trading, yet they cater to different preferences when it comes to trading platforms. Trading 212 shines with its proprietary platform that is seamlessly integrated into a web-based experience, and provides a free virtual demo account for beginners to practice. While it doesn't offer MetaTrader 4 or MetaTrader 5, the ease of trading directly from a stock chart, utilizing 20 drawing tools, makes it a user-friendly option for many. Trading 212's efficient platform has earned it a high rating and a solid rank among its peers.
On the other hand, FXOpen stands out with its comprehensive platform options, including MetaTrader 4, MetaTrader 5, and ZuluTrade, catering well to more advanced traders who value these specific tools. This brokerage also supports a Windows-based desktop download, a feature absent in Trading 212, and offers a virtual demo account to users. FXOpen includes access to copy trading, something that Trading 212 lacks. With 15 drawing tools and the ability to trade directly from charts, FXOpen offers a versatile trading environment. Nevertheless, despite these features, its ranking and rating for platforms and tools are comparable but slightly lower compared to Trading 212.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 54 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trading 212 and FXOpen offer mobile trading apps for iPhone and Android, allowing users to trade conveniently from their smartphones. These apps support important features such as stock and forex price alerts and provide tools to draw trendlines on charts. However, Trading 212 stands out with its ability to sync watchlist symbols across devices, ensuring any changes made are reflected across all platforms, a feature not available with FXOpen. Additionally, Trading 212 provides 104 technical studies for chart analysis, significantly more than FXOpen, which offers 30, enhancing the analytical capabilities for its users.
Both mobile apps excel in offering real-time quotes and support multiple time frames (daily, weekly, intraday) for chart viewing, but Trading 212 takes the lead with the ability to auto-save chart drawings, saving users time and effort. Despite both platforms receiving a commendable four-star rating for their mobile apps, Trading 212 ranks 17th out of 62 brokers by ForexBrokers.com, well ahead of FXOpen, which is ranked 54th. This ranking reflects Trading 212’s stronger overall mobile app experience, making it a more attractive choice for traders who prioritize mobile functionality.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Trading 212 and FXOpen in terms of market research offerings, each platform has its own strengths and areas for improvement. FXOpen stands out with its offering of daily market commentaries, which provide users with timely insights and updates. However, both Trading 212 and FXOpen deliver forex news from respected sources like Bloomberg and Reuters, ensuring that traders are equipped with reliable information. Neither broker offers tools from Autochartist or Trading Central, which are popular among traders for technical and fundamental analysis. Additionally, both platforms lack research tools from TipRanks and Acuity Trading, which might be a consideration for those seeking comprehensive market analysis features.
Trading 212 shines with its sentiment-based trading tool, allowing users to gauge market positions, something FXOpen does not offer. Both brokers provide an economic calendar to keep traders informed of global economic events, an essential feature for strategic planning. Despite these offerings, Trading 212 is rated 3.5 stars for research, ranking #46 out of 62 brokers as per ForexBrokers.com, whereas FXOpen trails with a 3-star rating and a #62 ranking. These ratings suggest Trading 212 has a slight edge over FXOpen in delivering research resources to its users.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources tailored for beginners, Trading 212 shines compared to FXOpen. Trading 212 provides a comprehensive array of forex and CFDs educational content, with over 10 pieces such as articles, videos, and webinars focused on helping users understand these markets. The platform hosts live educational webinars monthly and maintains a searchable archive of past sessions, making it easy for learners to revisit key concepts. Additionally, Trading 212 offers a wide selection of over 10 beginner and advanced educational videos, covering essential trading topics to help both new and seasoned traders deepen their knowledge. FXOpen, on the other hand, falls short in providing similar resources, lacking the same breadth of educational content and regular interactive learning opportunities.
Both platforms do provide an investor dictionary with definitions for at least 50 investing terms, aiming to support users in grasping investing jargon. However, Trading 212's overall education offering earns it a 3.5-star rating and a respectable rank of 20 out of 62 brokers in the education category by ForexBrokers.com. FXOpen, while providing some foundational resources, is rated slightly lower at 3 stars and holds the rank of 58. For those prioritizing educational support as they start their trading journey, Trading 212 presents a more appealing choice with its well-rounded and accessible learning tools.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Trading 212 is better than FXOpen. Trading 212 finished with an overall rank of #31, while FXOpen finished with an overall rank of #54.
Best known for its mobile trading app, Trading 212 offers an easy-to-use trading platform suite for CFD and share trading, as well as a large variety of forex pairs. However, despite its well-designed platform and wide range of symbols, its lack of advanced trading tools and flat research offerings hamper Trading 212’s bid to be considered a top broker.
| Feature |
Trading 212
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 76 |
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Both Trading 212 and FXOpen do not provide the option to purchase actual cryptocurrency, but they both offer options for purchasing cryptocurrency derivatives.
When comparing online brokers Trading 212 and FXOpen, Trading 212 stands out for offering ACH/SEPA transfers and PayPal as options for funding and withdrawing account funds, while FXOpen compensates with Skrill availability; both brokers equally support Visa/Mastercard and bank wire transactions.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Trading 212 | FXOpen | |
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| Trust Score | 79 | 76 | |
| Winner | check_circle | ||
| Review | Trading 212 Review |
| Broker Screenshots | Trading 212 | FXOpen | |
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| Regulation | Trading 212 | FXOpen | |
|---|---|---|---|
| Trust Score | 79 | 76 | |
| Year Founded | 2004 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Trading 212 | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trading 212 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8025 | 87 | |
| Forex Pairs (Total) | 146 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Trading 212 | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.9 | N/A | |
| All-in Cost EUR/USD - Active | 1.9 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | FXOpen | |
|---|---|---|---|
| Minimum Deposit | €10 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Trading 212 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Trading 212 | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 54 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Trading 212 | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Trading 212 | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trading 212 | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Trading 212 Review |
| Overall | Trading 212 | FXOpen | |
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| Trust Score | 79 | 76 | |
| Winner | check_circle | ||
| Review | Trading 212 Review |
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