FxPro is a competitive MetaTrader broker that offers multiple account options and various execution methods, as well as its own proprietary FxPro Edge app. While access to the BnkPro app is not yet available in all regions, it is a useful tool for traders. However, the primary drawback of FxPro is its higher-than-average pricing, which can make it less competitive compared to other low-cost forex brokers. This is an important consideration for traders who are cost-conscious and want to maximize their profits.

The Trading 212 brand, which was established in 2004, is governed by the Financial Conduct Authority (FCA) in the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Supervision Commission (FSC) in Bulgaria. Over 1.5 million customers and over 3.5 billion euros in customer assets are held by Trading 212.

Trading 212, which is best known for its mobile trading app, provides a simple-to-use platform suite for trading CFDs, shares, and a wide range of forex pairs. Although Trading 212 has a well-designed platform and a large selection of symbols, its attempt to be regarded as a top broker is hampered by its lack of cutting-edge trading tools and mediocre research options.

Trading Instruments

Trading 212 provides traders with access to exchange-traded securities like fractional shares as well as CFDs on 29 commodities, 36 indices, 1536 shares, and 184 forex pairs.

Trading 212 no longer provides trading in cryptocurrencies.

• Forex Trading (Spot or CFDs) Yes
• Tradeable Symbols (Total) 1785
• Forex Pairs (Total) 184
• U.S. Stock Trading (Non CFD) Yes
• Int’l Stock Trading (Non CFD) Yes
• Social Trading / Copy Trading No
• Cryptocurrency (Physical) No
• Cryptocurrency (CFD) No
  
  

Fees and commissions

Two accounts are available through Trading 212: Invest for trading shares and CFD for trading CFDs. The minimum deposit for the Invest account is one euro, while the minimum deposit for the CFD account is ten euros. The CFD account is the main subject of this review. Check out our U.K. StockBrokers.com review of Trading 212 for more information on the Invest account.

Trading 212 promotes zero-commission trading, but when trading CFDs and forex, you will still have to pay a spread. The average spread, which would help to clarify Trading 212’s pricing for currency pairs like the EUR/USD, is not published by the company. Its disadvantage comes from the absence of average spread data, which I’ve come to expect from the top CFD and forex brokers.

• Minimum Deposit EUR 10
• Average Spread EUR/USD – N/A
• All-in Cost EUR/USD – N/A

Apps for mobile trading

The Trading 212 app has over 10 million downloads on the Google Play store, proving its undeniable popularity. Although the app includes instructional video content for beginners, experienced traders will be disappointed by the lack of advanced features, especially when compared to the best trading apps for mobile devices.

Overview of apps: An incredibly user-friendly mobile app is available from Trading 212 for iOS and Android devices. It is simple to sort through markets like stocks, forex, indices, and newly added symbols using the default watch list screeners.

The absence of useful research tools is the Trading 212 app’s biggest flaw, in my opinion. There is a useful economic calendar that clearly displays upcoming activities for any given symbol.

User-friendliness: Trading 212 is the first broker I’ve reviewed that also has a Google Chrome plugin, making it simple to access the platform directly from the browser. Notable features include its customizable watchlists and automatic syncing with the web platform.

Charting: The app’s charting tool has been impeccably integrated with 45 indicators and 19 drawing tools. The mobile app and corresponding web version are almost functionally identical.

Trading tools: Order expirations with a good-till-date are currently not possible and instead default to a good-till-cancel. These small particulars highlight how much room there is for the app to enhance its customization capabilities.

Observing upcoming events when viewing the symbol properties of a specific instrument, like the EUR/USD, is one feature that stands out in the Trading 212 mobile app experience. The event is shown along with its likely effects, anticipated forecast, and precise time.

Trading 212 Platforms

Overview of platforms: Trading 212’s multi-asset offering includes a web-based trading platform. You will have access to both of its accounts, CFD and Invest, as well as their respective markets, just like with its other platforms. The platform’s majority of features are simple to use, and it boasts a clear, straightforward layout with powerful charts and integrated news headlines.

The website will store a user’s login information locally so that they are already logged in when they access the platform through their browser, which is a useful feature that Trading 212.

Charting: The web platform for Trading 212 offers reliable charting, just like the mobile app does. There are five different types to select from, and there are 45 indicators and 19 drawing tools available to you. You can design and store your own chart templates, which I’ve found to be useful for applying settings to different charts. One notable, albeit minor, drawback is that while you can switch between and open multiple charts, you cannot remove a chart from the platform.

Trading tools: The useful feature of the mobile app that lets you find upcoming events by quickly scanning the symbol of a particular instrument is missing from the web platform. To view those events, you must manually open the economic calendar the old-fashioned way.

Market research

A little bit more than the bare minimum is all Trading 212 offers in terms of research, which is not particularly strong. Users have access to a hotlist of popular trading symbols, news headlines and analysis, and an actual useful economic calendar.

Overview of the research: From its web trading platform, Trading 212 offers daily market analysis for a variety of instruments. The research, however, is scant, and what is available simply seems to be out-of-date. For instance, its most recent YouTube video was posted in August 2021, more than a year before our testing period.
Market news and analysis: For well-known CFD markets like forex, commodities, and metals, Trading 212’s web platform offers news summaries and nearly a dozen technical analysis snippets, complete with price references.

Trading 212’s Education

Over 170 educational videos from Trading 212 are accessible on its YouTube channel, which offers a good selection. However, there are only a few in-depth articles and advanced materials, and there are no recorded webinars.

Learning center: Videos, many of which are embedded in Trading 212’s web and mobile platform, make up the majority of the company’s educational material. Trading 212 does not provide instructional articles; the only content it offers are a few posts in its community forum and FAQs in its help section.

There is room for improvement: I’ve discovered educational tools on the platforms of the best brokers that Trading 212 could benefit from adding, such as articles categorized by experience level and quizzes for assessing and tracking your progress.

Conclusion on Trading 212

Trading 212 has done a great job of streamlining its platform to make it easy for new users to use.
However, its website, web, and mobile app lack comprehensive research offerings. When compared to the top forex and CFD brokers, Trading 212 may fall short for more seasoned traders.