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 |
Trading 212 and Spreadex are two online brokers that cater to traders with varying needs, offering different approaches to commissions and fees. Trading 212 provides a CFD account with zero-commission trading, but traders must consider the spread costs. For example, in January 2024, the average spread for the EUR/USD pair was 1.9 pips, which is higher than the industry average. This can make Trading 212 less competitive than other top brokers in this field. While the minimum deposit for a CFD account at Trading 212 is set at 10 euros, the platform secures a 4-star rating for commissions and fees and is ranked 43rd out of 62 brokers by ForexBrokers.com.
Spreadex, on the other hand, offers more favorable spreads for traders, with an average spread of 0.81 pips for the EUR/USD pair recorded in January 2024. Notably, they managed to maintain a minimum spread of 0.6 pips 60% of the time throughout the month. This competitive spread range can be advantageous for those seeking to minimize costs. Like Trading 212, Spreadex has also earned a 4-star rating for commissions and fees but holds a better ranking, positioned at 30th among 62 brokers according to ForexBrokers.com.
While both Trading 212 and Spreadex share the same star rating, their rankings reveal a difference in competitiveness, particularly regarding spread costs. Traders may find Spreadex's lower and more consistent spreads particularly appealing, which might provide a cost-saving edge for frequent CFD and forex trades. Choosing between these brokers will depend on individual priorities, such as cost efficiency and trading frequency.
| 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 comparing Trading 212 and Spreadex for mobile trading, both brokers offer apps for iPhone and Android users, ensuring accessibility for most smartphone users. Both platforms provide stock and forex price alerts, allowing traders to stay informed on market movements. However, Trading 212 stands out with the ability to sync watchlist symbols between their mobile app and online accounts, a feature Spreadex lacks. Additionally, Trading 212 significantly overperforms with a robust offering of 104 technical studies for charting, while this information is not available for Spreadex. Both apps support trendline drawing and viewing multiple time frames, essential tools for experienced traders.
Trading 212's app saves chart drawings automatically, adding convenience, whereas Spreadex’s app does not offer this feature. Both platforms allow users to create watchlists with real-time quotes, crucial for active market monitoring. With both apps rated four stars out of five, Trading 212 has an edge with a higher ranking in the Mobile Trading Apps category by ForexBrokers.com, sitting at 17th out of 62 brokers compared to Spreadex's 49th position. For traders prioritizing extensive charting tools and seamless watchlist syncing, Trading 212 appears to be the more attractive option.
| 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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2 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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