Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
Robinhood
Available in your country Robinhood accepts clients from the country this site is for.
Your money is at risk
Trading 212
Available in your country Trading 212 accepts clients from the country this site is for.
83% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders Robinhood and Trading 212 are best suited to, based on what each one actually offers in Nigeria.Robinhood is better than Trading 212 for day traders, crypto traders and futures traders, while Trading 212 is better for professional traders, news traders and CFD stock traders. Both are a good fit for long-term investors and swing traders.
| Overall score | Robinhood not offered 77 Best | Trading 212 69 72 -5 |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise Robinhood and the ones that supervise Trading 212.Robinhood and Trading 212 are both regulated by top-tier authorities, Robinhood by LB Lithuania, the SEC (United States) and the CFTC (United States) and Trading 212 by CySEC, FSC Bulgaria and the FCA (United Kingdom).
| Section score | Robinhood not offered 100 | Trading 212 100 100 |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | LB (Lithuania) | FSC (Bulgaria) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that Robinhood and Trading 212 have in place to protect your money in Nigeria.Robinhood and Trading 212 both offer segregated client funds and an investor compensation scheme. Robinhood also offers additional money insurance.
| Section score | Robinhood not offered 87 Best | Trading 212 79 79 -8 |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2013 | 2004 |
| Parent company i | Robinhood Markets, Inc. | Trading 212 Ltd |
| CEO i | Vlad Tenev | Michael Byrne |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Sutton Bank | |
| Brand power | ||
| Number of customers worldwide i | 27,400,000 | 4,500,000 |
| Annual revenue i | USD 3,570,000,000 | USD 299,000,000 |
| Monthly website search traffic i | ||
Costs
What we compare A comparison of what it costs to trade with Robinhood and with Trading 212 in Nigeria, both on each trade and on holding the account.Trading 212 and Robinhood cannot be compared for CFD costs, because Trading 212 is a broker offering both CFDs and stocks while Robinhood is a stockbroker.
Robinhood is better than Trading 212 for real stock costs, because Robinhood charges lower options fees, at 0.5 USD per contract (against Trading 212's 1.5 USD), and does not charge deposit fees, unlike Trading 212. Neither Robinhood nor Trading 212 charges inactivity fees or account maintenance fees.
| Section score | Robinhood not offered 87 Best | Trading 212 36 80 -7 |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 13 | |
| S&P 500 fees (CFD) i | 0.42 points | |
| Gold fees (CFD) i | 0.89 points | |
| Bitcoin fees (CFD) i | USD 0.0004 | USD 70.17 |
| US stocks fees (CFD) i | Free | Free |
| Fees on stocks | ||
| Stock fee type i | ||
| US stocks fees (real) i | Free | Free |
| ETF fees (real) i | ||
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | USD 0.75 | |
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | USD 0.5 | USD 1.5 |
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with Robinhood and with Trading 212 in Nigeria, and of how many instruments each one gives access to.Only Trading 212 can be assessed for CFD markets, since Robinhood is a stockbroker and does not offer CFDs.
Robinhood is better than Trading 212 for real stock markets, given that Robinhood lets you own crypto outright, which Trading 212 does not, gives access to 10,818 tradable symbols (against Trading 212's 10,000), and offers futures on commodities, crypto and indices, which Trading 212 does not. Both Robinhood and Trading 212 let you own ETFs and stocks outright.
| Section score | Robinhood not offered 100 Best | Trading 212 65 30 -70 |
|---|---|---|
| Total tradable symbols i | 10,818 | 10,000 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Forex, Indices, Stocks | |
| Futures i | Commodities, Crypto, Indices | |
| Options i | Indices | |
| Assets you can own i | Crypto, ETF, Stocks | ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that Robinhood and Trading 212 make available to their clients in Nigeria.Only Trading 212 can be assessed for platforms, since Robinhood is a stockbroker and does not offer CFDs.
Trading 212 is better than Robinhood for platforms, since Trading 212 offers social trading, one-click trading and 5-digit pricing, which Robinhood does not. Robinhood and Trading 212 both offer a proprietary platform and real-time pricing.
| Section score | Robinhood not offered 68 -13 | Trading 212 81 81 Best |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of Robinhood and Trading 212 in Nigeria, and of what each one lets you do from your phone.Trading 212 and Robinhood cannot be compared for mobile trading, because Trading 212 is a broker offering both CFDs and stocks while Robinhood is a stockbroker.
Robinhood and Trading 212 are equally good for mobile trading, as Robinhood offers mobile charting tools while Trading 212 offers mobile trading signals. Robinhood and Trading 212 both offer a proprietary mobile app and mobile price alerts.
| Section score | Robinhood not offered 74 | Trading 212 74 74 |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that Robinhood and Trading 212 allow on their platforms in Nigeria.Trading 212 and Robinhood cannot be set side by side for CFD trading features, as Robinhood is a stockbroker and does not offer CFDs, unlike Trading 212.
Trading 212 is better than Robinhood for real stock trading features, given that Trading 212 offers API access, which Robinhood does not. Both Robinhood and Trading 212 offer trailing stops and fractional shares.
| Section score | Robinhood not offered 53 -36 | Trading 212 76 89 Best |
|---|---|---|
| Trade execution | ||
| Broker type i | NDD | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | |
| Minor/Exotic FX pairs leverage i | 0:1 | 20:1 |
| Major indices leverage i | 0:1 | 20:1 |
| Minor indices leverage i | 0:1 | 10:1 |
| Gold leverage i | 20:1 | |
| Commodities leverage i | 10:1 | |
| Equities leverage i | 2:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | |
| Minimum trade size (stocks) i | USD 1 | USD 1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at Robinhood and at Trading 212 in Nigeria, and of who each one is meant for.Trading 212 and Robinhood cannot be set side by side for CFD account types, as Robinhood is a stockbroker and does not offer CFDs, unlike Trading 212.
Trading 212 is better than Robinhood for real stock account types, as Trading 212 offers a demo account, an unlimited demo account and a savings account, which Robinhood does not. Robinhood and Trading 212 both offer a stock investing account and a margin investing account.
| Section score | Robinhood not offered 44 -25 | Trading 212 38 69 Best |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with Robinhood and with Trading 212 in Nigeria.Trading 212 and Robinhood cannot be set side by side for account opening, as Robinhood is a stockbroker and does not offer CFDs, unlike Trading 212.
Robinhood and Trading 212 are equally good for account opening, since Robinhood does not require a minimum deposit (against Trading 212's 1 USD), and has no minimum withdrawal (against Trading 212's 1 USD). On the other hand, Trading 212 offers 3 account base currencies (against Robinhood's 1), and credits deposits faster, within 1 day (against Robinhood's 2 days). Both Robinhood and Trading 212 offer credit cards and debit cards.
| Section score | Robinhood not offered 65 | Trading 212 65 65 |
|---|---|---|
| Minimum deposit i | USD 0 | USD 1 |
| Minimum withdrawal i | USD 0 | USD 1 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | ||
| Local payment methods i | ||
| Account base currencies i | USD | EUR, GBP, USD |
| Deposit waiting time i | up to 2 business days | up to 1 business days |
| Withdrawal waiting time i | up to 2 business days | up to 2 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of Robinhood and Trading 212 in Nigeria, in how it can be reached and how fast it answers.Trading 212 and Robinhood cannot be set side by side for customer care, as Robinhood is a stockbroker and does not offer CFDs, unlike Trading 212.
Trading 212 is better than Robinhood for customer care, because Trading 212 offers customer support in 11 languages (against Robinhood's 1), and has a website in 11 languages (against Robinhood's 1). Robinhood and Trading 212 both offer live chat and email support.
| Section score | Robinhood not offered 42 -16 | Trading 212 58 58 Best |
|---|---|---|
| Number of languages supported i | 1 | 11 |
| Website languages i | English | Arabic, German, English, French, Italian, Dutch, Polish, Romanian, Russian, Spanish, Chinese |
| Website available in English i | ||
| Customer support languages i | English | Arabic, German, English, French, Italian, Dutch, Polish, Romanian, Russian, Spanish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that Robinhood and Trading 212 provide to their clients in Nigeria.Trading 212 and Robinhood cannot be set side by side for learning, as Robinhood is a stockbroker and does not offer CFDs, unlike Trading 212.
Robinhood is better than Trading 212 for learning, since Robinhood offers education for advanced traders, professional reports and daily trading ideas, which Trading 212 does not. Robinhood and Trading 212 both offer education for beginners and an education center.
| Section score | Robinhood not offered 70 Best | Trading 212 43 43 -27 |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
Robinhood vs Trading 212: which one should you choose?
Robinhood
Stocks Choose Robinhood, regulated by the SEC and the FCA, if you want a stockbroker with no minimum deposit, fractional shares and options and futures trading.
Open Account Your money is at risk
Trading 212
CFD Choose Trading 212, regulated by the FCA and CySEC, if you want an online CFD broker with a wide choice of markets.
Stocks Choose Trading 212, regulated by the FCA and CySEC, if you want a share dealing service with a demo account, professional accounts and several account base currencies.
Open Account 83% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include Robinhood or Trading 212, each scored with the same data and method as this page.
