Written by ForexBrokers.com
In this head to head comparison of Trading 212 vs Spreadex, 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.
Founded in 2004, Trading 212 offers online brokerage services with a focus on providing a user-friendly experience. With a ForexBrokers.com Trust Score of 79 out of 99, Trading 212 is categorized as having an average risk level. This platform holds two Tier-1 licenses, which are indicators of high trustworthiness according to ForexBrokers.com. Despite not being publicly traded or operating as a bank, Trading 212 is committed to maintaining a secure and reliable service for its users.
Spreadex, on the other hand, has been in operation since 1999 and also provides online brokerage services. It holds a Trust Score of 71, placing it in the average risk category as well. Spreadex, like Trading 212, is neither publicly traded nor classified as a bank. It holds one Tier-1 license, signaling a strong commitment to trustworthiness. Choosing between these two brokers may come down to individual preferences and specific needs, as both aim to offer trusted platforms for trading activities.
| Feature |
Trading 212
|
Spreadex
|
|---|---|---|
| Year Founded | 2004 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When comparing Trading 212 and Spreadex in terms of commissions and fees, investors will find some notable differences. Trading 212 offers two types of accounts: the Invest account for trading shares, requiring a minimum deposit of just 1 euro, and the CFD account, which requires a 10 euro deposit. While Trading 212 markets itself as offering zero-commission trading for CFDs and forex, traders still pay a spread. In January 2024, the average spread for the EUR/USD pair was 1.9 pips, which is higher than the industry average. This higher cost puts Trading 212 at a competitive disadvantage compared to leading brokers in the CFD and forex arenas.
Spreadex, on the other hand, offers a more competitive fee structure for forex trading. During January 2024, the average spreads for the EUR/USD pair were 0.81 pips, with a minimum spread of 0.6 pips achieved 60% of the time. This makes Spreadex a more cost-effective choice for traders looking to minimize their trading expenses. Both brokers have strengths and weaknesses, but in terms of spread costs alone, Spreadex appears to be the more appealing option for cost-sensitive traders.
In terms of ratings, both Trading 212 and Spreadex receive a rating of 4 out of 5 stars for commissions and fees. However, when evaluated by ForexBrokers.com, Trading 212 is ranked 43rd out of 62 brokers, while Spreadex holds a higher ranking at 27th for the same category. These rankings suggest that Spreadex is more favorably positioned overall concerning fees and commissions, despite both having similar star ratings.
| Feature |
Trading 212
|
Spreadex
|
|---|---|---|
| Minimum Deposit | €10 | $0 |
| Average Spread EUR/USD - Standard | 1.9 | 0.81 |
| All-in Cost EUR/USD - Active | 1.9 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to forex trading, both Trading 212 and Spreadex provide options through CFDs or spot contracts, catering to various trading preferences. Trading 212 offers a considerable selection of 8,025 tradeable symbols, including 146 forex pairs, compared to Spreadex's wider range of 10,000 symbols, yet a narrower choice of 52 forex pairs. Remarkably, Trading 212 offers access to exchange-traded securities on both U.S. and international exchanges, enabling direct investment in companies like Apple and Vodafone. Spreadex, on the other hand, does not provide this option for U.S. or international exchange-traded securities, which might limit investors looking for these opportunities.
Cryptocurrency enthusiasts will find that both platforms offer derivatives trading but not the ability to purchase actual digital coins. Although copy trading features are not available on either platform, both Trading 212 and Spreadex continue to deliver comprehensive investment opportunities, each earning an impressive 5-star rating for their range of investments. Despite Trading 212 being ranked 15th compared to Spreadex's 13th position by ForexBrokers.com, both remain strong contenders for investors seeking diversity in their online trading experience.
| Feature |
Trading 212
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8025 | 10000 |
| Forex Pairs (Total) | 146 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| 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.
Both Trading 212 and Spreadex offer a variety of tools and platforms that cater to different trading needs with their in-house developed platforms. They allow users to start with free virtual demo accounts, making it easier for beginners to practice and understand the market dynamics without financial pressure. Notably, both brokers provide web-based trading platforms without desktop downloads, which adds convenience for traders looking for a hassle-free setup. However, neither platform supports popular third-party tools like MetaTrader 4 or MetaTrader 5, and they do not offer copy trading services, meaning that users looking for these features might have to consider other brokers.
When it comes to charting tools, Trading 212 stands out with 20 drawing tools compared to Spreadex’s 11. Both platforms allow trades directly from stock charts, adding a layer of functional convenience for active traders. In terms of managing and monitoring assets, Spreadex offers more customization with eight columns for watch lists versus Trading 212’s five. This broader view might appeal to those who wish to handle more complex or varied trading portfolios. Both platforms have received a four-star rating for their trading platforms and tools, but Trading 212 edges ahead, ranked 20th by ForexBrokers.com among 62 brokers, while Spreadex ranks 46th.
| Feature |
Trading 212
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 54 | 58 |
| Charting - Drawing Tools (Total) | 20 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both Trading 212 and Spreadex offer apps for iPhone and Android users, complete with stock and forex price alerts. However, Trading 212 edges ahead with its feature-rich mobile platform. It offers watchlist syncing between the app and online accounts, allowing users to seamlessly manage their investments across devices. In contrast, Spreadex does not support this functionality. Additionally, Trading 212 spoils chart enthusiasts with 104 technical studies, while Spreadex does not provide any numerical information regarding available studies.
Both apps allow users to draw trendlines and switch between different chart time frames such as daily, weekly, and intraday. Yet, another plus for Trading 212 is its auto-save feature for chart drawings, which Spreadex lacks. Furthermore, both brokers enable users to create watchlists with real-time quotes. Rated by ForexBrokers.com, Trading 212 is the stronger contender, ranked 17th out of 62 brokers, whereas Spreadex sits at 46th. Despite this, both apps share a user rating of four out of five stars, indicating customer satisfaction with their mobile platforms.
| Feature |
Trading 212
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | N/A |
| 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 choosing an online broker, understanding their market research offerings is crucial for informed decision-making. Trading 212 provides forex news from top-tier sources like Bloomberg and Reuters, and includes a sentiment-based trading tool, making it a solid choice for traders interested in these features. However, it doesn't offer daily market commentary or tools from Autochartist and Trading Central, which could limit the depth of analysis for some users. Additionally, Trading 212 offers an economic calendar to keep an eye on global news events. In terms of research ratings, Trading 212 scores 3.5 out of 5 stars and ranks at #46 in the ForexBrokers.com research category.
On the other hand, Spreadex stands out by offering daily market commentary and tools from Autochartist, which can benefit traders seeking comprehensive technical and fundamental analysis. Like Trading 212, Spreadex provides forex news from leading sources and a sentiment-based trading tool, along with an economic calendar for tracking international economic events. Despite its limitations, such as the lack of tools from Trading Central and TipRanks, Spreadex achieves a higher research rating of 4 stars and ranks #31 among 62 brokers according to ForexBrokers.com. This could make it a more appealing choice for those prioritizing market research tools in their trading strategy.
| Feature |
Trading 212
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| 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 for beginners, both Trading 212 and Spreadex provide valuable content aimed at enhancing your trading knowledge. Trading 212 offers a comprehensive library of over 10 educational pieces focusing on forex and CFDs, alongside regular monthly webinars and a searchable archive of past webinars — a feature not available with Spreadex. Both platforms provide a solid selection of beginner videos, but Trading 212 sets itself apart by offering more advanced educational videos tailored for experienced traders.
In addition, both Trading 212 and Spreadex offer investor dictionaries with over 50 defined investing terms, making it easier for newcomers to understand trading jargon. Although Spreadex is rated slightly higher with 4 stars compared to Trading 212’s 3.5 stars for education, Trading 212's broader variety of resources and tools gives it a higher ranking of #20 compared to Spreadex's #45 according to ForexBrokers.com. For beginners, this means you can find essential educational support with either broker, but Trading 212’s offerings are more extensive, especially for those who wish to advance their trading skills.
| Feature |
Trading 212
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 Spreadex. Trading 212 finished with an overall rank of #31, while Spreadex finished with an overall rank of #39.
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
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 79 | 71 |
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Both Trading 212 and Spreadex allow users to trade cryptocurrency derivatives, but neither platform offers the option to purchase actual delivered cryptocurrencies.
When comparing the online brokers Trading 212 and Spreadex in terms of payment options for depositing or withdrawing funds, Trading 212 supports ACH/SEPA transfers, PayPal, Visa, Mastercard, and bank wires whereas Spreadex offers Visa, Mastercard, and bank wires, but lacks support for ACH/SEPA transfers and PayPal.
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 | Spreadex | |
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| Trust Score | 79 | 71 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | Spreadex Review |
| Broker Screenshots | Trading 212 | Spreadex | |
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| Regulation | Trading 212 | Spreadex | |
|---|---|---|---|
| Trust Score | 79 | 71 | |
| Year Founded | 2004 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Trading 212 | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Trading 212 | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8025 | 10000 | |
| Forex Pairs (Total) | 146 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.9 | 0.81 | |
| All-in Cost EUR/USD - Active | 1.9 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trading 212 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | €10 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Trading 212 | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trading 212 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 8 | |
| Charting - Indicators / Studies (Total) | 54 | 58 | |
| Charting - Drawing Tools (Total) | 20 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Trading 212 | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| 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 | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Trading 212 | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trading 212 | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | Trading 212 | Spreadex | |
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| Trust Score | 79 | 71 | |
| Winner | check_circle | ||
| Review | Trading 212 Review | Spreadex Review |
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