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Trading 212 vs Interactive Brokers

Are you wondering whether Interactive Brokers are better than Trading 212? While both are trustworthy and reputed, it becomes difficult to choose between them. However, choosing a stockbroker who is both reputable and reliable is always imperative. Let us quickly go through the comparative study of Interactive Brokers vs. Trading 212.

Are you wondering whether Interactive Brokers are better than Trading 212? While both are trustworthy and reputed, it becomes difficult to choose between them. However, choosing a stockbroker who is both reputable and reliable is always imperative.

When trading in financial markets, you should first have a clear understanding of the stockbrokers. This will efficiently help you discover whether anyone out of the two matches your trading requirements. 

And with the comparative analysis of Trading 212 vs. Interactive Brokers, you can easily decide what suits you best. Also, you can ensure that your money is in safe hands.

Let us now quickly go through the comparative study of Interactive Brokers vs. Trading 212.

About Trading 212

Trading 212 is one enormous stock broker and global CFD, where you can efficiently trade and invest in stocks and ETFs. Here, you will not be charged any commission, and this facility is available only to a handful of European brokers.

This stockbroker offers both user-friendly web trading and mobile application platforms. Thus, it efficiently makes a fantastic choice for novice traders and beginners. Also, it comes with a demo account.

Trading 212 offers a detailed and dynamic trading environment with a massive range of markets and tight spreads.

About Interactive Brokers

Interactive brokers is an efficiently trusted multi-asset broker that provides extensive offerings of the global tradeable markets. Also, its institutional-grade desktop trading platform and impressive rock-bottom margin rates make it the top pick for professional traders. Besides, casual investors and active traders are also attracted to this user-friendly web platform.

They are better known as multi-asset brokers, with extensive offerings of the global tradeable markets. Also, Interactive Brokers deliver high-quality education and research to deliver competitive fees. On the other hand, it remarkably works as a modern and institutional-grade trading platform suit.

Professional traders enjoy their advanced trading tools and sophisticated order-type configurations. However, these features are highly overwhelming for novice traders or beginners. Here, MetaTrader isn’t feasible as an alternative platform option.

Fees

The fee structure of both Trading 212 and Interactive Brokers have unique fee structures. Here, we will provide you with a few listings by comparing both prices. Let’s check them out.

Fees for Trading:

FeeTrading 212 Interactive Brokers
Vodafone Benchmark Fee$15.2N/A
Apple Benchmark Fee$16.7N/A
EUR USD Benchmark Fee$28.0$10.4

Rates for Yearly Financing:

FeeTrading 212 Interactive Brokers
Vodafone CFD financing rate36.8%1.6%
Apple CFD financing trade42.1%1.6%
EUR GBP financing rate6.0%1.6%
EUR USD financing rate6.5%1.6%

Fees for Non-Trading:

FeeTrading 212 Interactive Brokers
Deposit fee$0$0
Withdrawal fee$0$0
Account fee$0$0
Inactivity fee$0$0

Fees for Deposit:

FeeTrading 212 Interactive Brokers
Deposit Fee$0$0
Credit/Debit Card⚠️
Bank Transfer
Electronic Wallets⚠️

Fees for Withdrawal:

FeeTrading 212 Interactive Brokers
Withdrawal fee with bank transfer$0Available
Credit/Debit cardAvailableN/A
Bank TransferAvailableAvailable
Electronic walletsAvailableN/A

Fees for Inactivity:

FeeTrading 212 Interactive Brokers
Inactivity Fees$0$0

What Can You Trade?

There are a wide variety of tradeable global markers offered by both Trading 212 and Interactive Brokers. However, there are certain exceptions for both CFDs and forex trading. Let us take a quick look at the invariably available assets of both platforms:

FeeTrading 212 Interactive Brokers
CFD Trading
Forex Trading
Forex Pairs18491
Tradable Symbols17857400
Int'l Stock Trading (Non CFD)
US Stock Trading (Non CFD)
Cryptocurrency (Physical)⚠️
Copy-Trading or Social Trading⚠️⚠️
Cryptocurrency (CFD)⚠️⚠️
Stocks
ETFs
Bonds⚠️
Funds⚠️
Futures⚠️
Options⚠️

Security

It is always a better choice not to trade in a market that doesn’t have adequate regulation. And this is also applicable when it comes to investing money on any stock broker or share dealing website. Since you should ensure the safety of your money, you must take care of the security of these platforms. Some of the regulations and licensing of both the venues include:

RegulatorTrading 212 Interactive Brokers
Banking backgroundN/AN/A
Investor protection amountVaries according to the types of asset holding and countryVaries according to the types of asset holding and country
Country of regulationNot applicable for countries including Bulgaria, UK, and CyprusFeasible for countries including Canada, USA, Hong Kong, Ireland, Hungary, Singapore, India, etc.
Included within stock exchange listingN/AYes

Ease of Use

You can efficiently use the stockbroker websites Trading 212 and Interactive Brokers more conveniently. Also, the websites are exquisitely designed with a user-friendly interface with quick and easy navigation learning.

While both of them come with a mobile-optimized version, it eases up the procedures of accessibility. So, irrespective of the time and location, you can use these platforms to gain the ultimate trading experience.

Other Features

Listed here are some of the other essential features of both platforms:

  • Regulators: governments establish regulators for overseeing the functionalities and fairness of financial markets.
  • Investor Protection: if the broker commits fraud and gets bankrupted, you can efficiently get back your money up to a specific limit.

Conclusion

There is no doubt that the services provided by Interactive Brokers are way better than Trading 212. Nevertheless, it would be best if you made the correct decision of choosing the right platform. Even though both ensure access to financial instruments and markets, you must choose the one that fits your requirements.

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