Written by ForexBrokers.com
In this head to head comparison of Trading 212 vs TopFX, 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 TopFX are both online brokerage firms providing trading services to investors worldwide. Trading 212 was established in 2004 and holds three Tier-1 licenses, underscoring a high level of trust in the financial industry, which contributes to its Trust Score of 80 by ForexBrokers.com. On the other hand, TopFX, founded in 2010, holds one Tier-1 license and has a slightly lower Trust Score of 67, indicating a higher risk when compared to Trading 212. Neither broker is publicly traded nor operates as a bank, which means they are not listed on a stock exchange.
When evaluating these brokers, the number of Tier-1 licenses plays a key role in their perceived trustworthiness. Trading 212's multiple high-trust licenses enhance its credibility, making it a trusted choice for many investors. Meanwhile, TopFX's single Tier-1 license suggests that it maintains a reputable standing but with a slightly higher associated risk compared to Trading 212. These factors are essential to consider when choosing an online broker for your trading needs.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Year Founded | 2004 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Trading 212 vs TopFX: commissions and fees compared. Trading 212 offers two accounts (Invest and CFD), but fees for CFD trading hinge on the spread rather than a ticket commission. Despite its “zero-commission” messaging, you still pay the spread when trading CFDs and forex. In April 2025, Trading 212’s published average spread on EUR/USD was 2.7 pips, which is higher than the industry average and can increase your trading costs. The CFD account’s minimum deposit is 10 EUR. For commissions and fees, Trading 212 is rated 4 out of 5 stars and ranked #50 of 63 by ForexBrokers.com.
TopFX provides two pricing models across MetaTrader and cTrader: the ZERO account (spread-only, no commission) and the RAW account (tight spreads plus commission). On the RAW account, the commission is 2.75 EUR per side (5.50 EUR round turn) and, based on July 2024 averages, EUR/USD spreads were 0.33 pips; adding a 0.55-pip commission equivalent yields an all-in cost near 0.88 pips—about in line with the industry average. The ZERO account is commission-free with higher average spreads of 1.03 pips on EUR/USD. Minimum deposit varies by payment method. For commissions and fees, TopFX is rated 4 out of 5 stars and ranked #41 of 63 by ForexBrokers.com.
Bottom line: for EUR/USD, TopFX’s RAW account shows a lower estimated all-in cost (about 0.88 pips) than Trading 212’s published 2.7-pip average, which may appeal to active forex and CFD traders focused on tighter pricing. Trading 212’s appeal lies in its simple, spread-only pricing and low 10 EUR minimum for the CFD account, but its wider average spreads can outweigh the benefit of zero ticket commissions. Your choice may come down to whether you prefer paying a small commission for tighter spreads (TopFX RAW) or no commission with wider spreads (Trading 212 or TopFX ZERO).
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Minimum Deposit | €1 | Depends on payment method |
| Average spread (EUR/USD) - Standard account | 2.7 | 1.03 |
| All-in Cost EUR/USD - Active | 2.7 | 0.88 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Trading 212 vs TopFX: for sheer variety, Trading 212 wins. It offers 7,868 tradeable instruments and 146 forex pairs, compared with TopFX’s 655 instruments and 60 pairs. That breadth aligns with Trading 212’s 5-star Range of Investments rating and #16 ranking out of 63 brokers, while TopFX holds 3.5 stars and ranks #47.
Both brokers let you trade forex (CFD or spot) and offer cryptocurrency CFDs, but neither allows buying actual crypto. A major difference is access to real shares: Trading 212 lets you buy exchange-listed U.S. and international stocks directly, whereas TopFX does not. If copy trading is important, TopFX includes it while Trading 212 does not. Choose Trading 212 for the widest selection and direct share dealing; pick TopFX if you want copy trading within a smaller, CFD-focused lineup.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7868 | 655 |
| Forex Pairs (Total) | 146 | 60 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). | 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 vs TopFX: both brokers offer free demo accounts for paper trading and provide web-based platforms. Trading 212 features a proprietary platform but does not offer a Windows desktop download, nor does it support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). TopFX, on the other hand, does not have its own platform but does offer a Windows desktop platform and supports MT4 (not MT5). If copy trading matters to you, TopFX includes it while Trading 212 does not.
Both brokers let you place trades directly from charts. Each earned 4 out of 5 stars for Trading Platforms and Tools, yet ForexBrokers.com ranks Trading 212 higher (#20 of 63) than TopFX (#46 of 63). In practice, Trading 212 suits traders who want a broker-built platform in the browser, while TopFX fits those who need MT4, a Windows download, or copy trading.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 54 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Trading 212 and TopFX both offer polished mobile trading apps for iPhone and Android. Each app supports price alerts, trendline drawing on charts, and auto-saving of your drawings—handy for tracking forex and stock setups on the go. Both earned 4 out of 5 stars for Mobile Trading Apps, signaling solid overall experiences for most traders.
Where they differ is in depth and convenience. Trading 212 includes watchlist syncing across mobile and web, while TopFX does not. Charting tools are also far more extensive on Trading 212, with 104 technical indicators compared to TopFX’s 30. Reflecting these differences, ForexBrokers.com ranks Trading 212 at #17 out of 63 brokers for Mobile Trading Apps, versus #52 for TopFX. If you want richer charting and seamless watchlists, Trading 212 is the stronger pick; if your needs are simpler, TopFX still covers the basics well.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Trading 212 vs TopFX for market research: both brokers do not offer daily market commentary, yet each provides forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. You’ll also find an economic calendar and a sentiment tool at both, helping you track events and see how other traders are positioned.
The key difference is in extra research tools. TopFX includes Autochartist and Trading Central, while Trading 212 does not. Trading 212 does not offer TipRanks or Acuity Trading; availability of these tools at TopFX is not specified. For overall scores, Trading 212 earns 3.5 stars and ranks 45th out of 63 brokers for Research, while TopFX earns 3 stars and ranks 61st. Choose Trading 212 if you want a higher-rated research experience overall, or pick TopFX if you value access to Autochartist and Trading Central.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing education at Trading 212 vs. TopFX, Trading 212 delivers a larger, more structured video library, with at least 10 beginner-friendly videos plus 10 advanced lessons. TopFX does not meet those counts, so its catalog is leaner for step-by-step learning. Neither broker runs monthly educational client webinars. If you prefer learning through videos about trading, forex, and CFDs, Trading 212 is more likely to cover your needs.
Independent ratings echo this gap: Trading 212 earns 3.5 out of 5 stars for Education and ranks #21 of 63 brokers on ForexBrokers.com, while TopFX is rated 3 stars and ranks #62. In short, beginners seeking clear, structured lessons will find more depth at Trading 212, whereas TopFX may suit those who only need a few basics and don’t rely on webinars.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Trading 212 is better than TopFX. Trading 212 finished with an overall rank of #31, while TopFX finished with an overall rank of #62.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 80 | 67 |
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Trading 212 vs TopFX: neither online broker lets you buy actual (delivered) cryptocurrencies, but both offer trading in cryptocurrency CFDs.
Trading 212 vs TopFX: Trading 212 supports ACH/SEPA, PayPal, and bank wire deposits/withdrawals but not Skrill, while TopFX does not support ACH/SEPA and its availability for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | TopFX | |
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| Trust Score | 80 | 67 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | TopFX Review |
| Broker Screenshots | Trading 212 | TopFX | |
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| Regulation | Trading 212 | TopFX | |
|---|---|---|---|
| Trust Score | 80 | 67 | |
| Year Founded | 2004 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | TopFX | |
|---|---|---|---|
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Trading 212 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7868 | 655 | |
| Forex Pairs (Total) | 146 | 60 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). | 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 | TopFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 2.7 | 1.03 | |
| All-in Cost EUR/USD - Active | 2.7 | 0.88 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | TopFX | |
|---|---|---|---|
| Minimum Deposit | €1 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Trading 212 | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes |
| Trading Tools | Trading 212 | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 54 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Trading 212 | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Trading 212 | TopFX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Trading 212 | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Trading 212 Review | TopFX Review |
| Overall | Trading 212 | TopFX | |
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| Trust Score | 80 | 67 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | TopFX Review |
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