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 | 2.7 | 1.03 |
| All-in Cost EUR/USD - Active | 2.7 | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Trading 212 vs TopFX on range of investments, Trading 212 delivers far broader coverage: 7,868 tradeable symbols and 146 forex pairs, plus access to exchange-traded U.S. and international shares (so you can buy stocks like Apple and Vodafone, not just CFDs). TopFX lists 655 symbols and 60 forex pairs, and it does not offer exchange-traded stocks. Both brokers support forex trading via CFDs or spot contracts and let you trade crypto derivatives, but neither lets you buy actual cryptocurrency. Trading 212 does not offer copy trading, while TopFX does.
Based on scope alone, Trading 212 scores higher for Range of Investments with a 5-star rating and a #16 ranking out of 63 brokers at ForexBrokers.com, compared to TopFX at 3.5 stars and #47. Choose Trading 212 if you want a wide selection and direct stock investing; pick TopFX if copy trading matters more and you’re comfortable with a leaner lineup.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7868 | 655 |
| Forex Pairs (Total) | 146 | 60 |
| 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). | 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 (paper) accounts and web-based trading. Trading 212 provides its own in-house platform but no Windows desktop download, while TopFX skips a proprietary platform yet supports a Windows desktop app. If you need copy trading or MetaTrader 4 (MT4), TopFX has both; Trading 212 does not support copy trading and does not offer MT4 or MT5 (TopFX also does not offer MT5).
For charting and tools, both let you place trades directly from charts. Trading 212 includes about 20 drawing tools versus 15 at TopFX, and both include a range of technical indicators. Watch lists are simpler at Trading 212 (5 fields) and more detailed at TopFX (7 fields). Each earns 4 out of 5 stars for Platforms and Tools, but ForexBrokers.com ranks Trading 212 higher (#20 of 63) than TopFX (#46 of 63). Choose TopFX if you want MT4, copy trading, or a Windows desktop platform; pick Trading 212 if you prefer a clean, proprietary web platform with more drawing tools.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| 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 | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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.
Trading 212 vs TopFX: both mobile trading apps are available on iPhone and Android and cover the basics well, including price alerts, drawing trendlines, switching between multiple time frames, auto‑saving chart drawings, and creating watchlists with real‑time quotes. A key difference is watchlist syncing: Trading 212 syncs symbols between the mobile app and your online account, while TopFX does not—handy if you switch devices often.
For charting depth, Trading 212 offers 104 technical studies in its mobile app compared to 30 with TopFX, giving more options for analysis on the go. Both apps earn 4 out of 5 stars, but ForexBrokers.com ranks Trading 212 higher for Mobile Trading Apps (#17 of 63) than TopFX (#52 of 63). If you want deeper charting and synced watchlists, Trading 212 stands out; if you only need core features, TopFX covers the essentials.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | 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 | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Trading 212 vs TopFX for beginner education, Trading 212 clearly offers more depth and variety. It provides at least 10 forex and CFD learning pieces, plus 10+ beginner videos and 10+ advanced videos. New traders also get an investor dictionary with 50+ terms to make market language easier to understand. By contrast, TopFX does not meet these content thresholds and does not offer a comparable investor glossary.
Neither broker hosts monthly live educational webinars, but Trading 212 helps bridge the gap with a searchable archive of recorded sessions; TopFX does not provide a searchable webinar archive. Reflecting these differences, Trading 212 earns 3.5 out of 5 stars for Education and ranks 21st out of 63 brokers with ForexBrokers.com, while TopFX scores 3 out of 5 stars and ranks 62nd. For beginners who want structured, on‑demand learning materials, Trading 212 is the stronger fit, while TopFX may suit traders who prefer external resources.
| Feature |
Trading 212
|
TopFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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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Both Trading 212 and TopFX do not offer the ability to purchase actual, delivered cryptocurrency, yet they both provide options for trading cryptocurrency derivatives.
Trading 212 and TopFX both provide options for PayPal, Visa, Mastercard, and bank wires for depositing or withdrawing funds, but Trading 212 additionally supports ACH or SEPA transfers, whereas TopFX offers the unique option of using Skrill instead.
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/Central Bank 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. 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). | 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 | 2.7 | 1.03 | |
| All-in Cost EUR/USD - Active | 2.7 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | TopFX | |
|---|---|---|---|
| Minimum Deposit | €1 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| 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 | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trading 212 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Trading 212 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Trading 212 | TopFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Trading 212 | TopFX | |
|---|---|---|---|
| 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 | 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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