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Trading 212 vs XTB: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD trading

XTB is better than Trading 212 for CFD trading in Nigeria by a small margin, because it has a lower EUR/USD cost (10.60 USD per lot against 13.00 USD), asks for no minimum deposit, where Trading 212 asks for 1.00 USD, runs TradingView next to the proprietary platform both brokers share, covers crypto CFDs on top of the commodities, forex, indices and stocks they both trade, opens micro and Islamic accounts, allows scalping and credits deposits on the same day, against 1 day. Trading 212, on the other hand, lists more tradable symbols (10,000 against 5,200), holds more account base currencies (three against two) and settles withdrawals in 2 days against 3 days. XTB holds licences from CySEC, the KNF, the DFSA, the FCA and the FSC (Belize), and Trading 212 from CySEC, the FSC (Bulgaria), the VFSC and the FCA. Both brokers open professional accounts, allow hedging, expert advisors and API access, and provide a demo account.

Our verdict · Real stock investing

Trading 212 and XTB are two good brokers in Nigeria for long-term investing. However, XTB is the better choice if you are looking for bonds to own outright next to the ETFs and stocks both brokers cover, for a lower minimum deposit (none against 1.00 USD), and for TradingView next to the proprietary platform they share. XTB also opens micro and Islamic accounts, and it has faster deposits (same day against 1 day). Trading 212, on the other hand, is better because it lists more tradable symbols (10,000 against 5,200), holds more account base currencies (three against two), and settles withdrawals in 2 days against 3 days. XTB holds licences from CySEC, the KNF, the DFSA, the FCA and the FSC (Belize), and Trading 212 from CySEC, the FSC (Bulgaria), the VFSC and the FCA. Both brokers charge no fees on US stocks, open professional accounts and provide a demo account.

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.

Trading 212

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. StocksStocks This broker lets you buy real assets that you own outright. Switch the comparison to Stocks to rate it on that. Available in your country Trading 212 accepts clients from the country this site is for.
69CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. 72StocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

83% of retail investor accounts lose money when trading CFDs with this provider.

Best overall

XTB

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. StocksStocks This broker lets you buy real assets that you own outright. Switch the comparison to Stocks to rate it on that. Available in your country XTB accepts clients from the country this site is for.
75CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. 75StocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

80% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders Trading 212 and XTB are best suited to, based on what each one actually offers in Nigeria.
1 / 12

XTB is better than Trading 212 for scalpers. Both are a good fit for long-term investors, professional traders and swing traders.

Best for
Overall score Trading 212 69 -6 72 -3 XTB 75 Best 75
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 Trading 212 and the ones that supervise XTB.
2 / 12

Trading 212 and XTB are both regulated by top-tier authorities, Trading 212 by CySEC, FSC Bulgaria and the FCA (United Kingdom) and XTB by CySEC, KNF and the FCA (United Kingdom).

Regulation
Section score Trading 212 100 100 XTB 100 100
Tier-1 regulators
ESMA (European Union) i FSC (Bulgaria) CySEC (Cyprus), KNF (Poland)
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 Trading 212 and XTB have in place to protect your money in Nigeria.
3 / 12

Trading 212 and XTB both offer segregated client funds and two-factor authentication. Trading 212 also offers an investor compensation scheme.

Safety
Section score Trading 212 79 Best 79 Best XTB 73 -6 73 -6
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2004 2002
Parent company i Trading 212 Ltd XTB S.A.
CEO i Michael Byrne Omar Arnaout
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i
Brand power
Number of customers worldwide i 4,500,000 1,600,000
Annual revenue i USD 299,000,000 USD 260,000,000
Monthly website search traffic i

Costs

What we compare A comparison of what it costs to trade with Trading 212 and with XTB in Nigeria, both on each trade and on holding the account.
4 / 12

XTB is better than Trading 212 for CFD costs, since XTB is cheaper on EUR/USD, at 10.6 USD per lot (against Trading 212's 13 USD). Neither Trading 212 nor XTB charges account maintenance fees or account opening fees.

Trading 212 is better than XTB for real stock costs, because Trading 212 does not charge inactivity fees or withdrawal fees, unlike XTB. Neither Trading 212 nor XTB charges account maintenance fees or account opening fees.

Costs
Section score Trading 212 36 -5 80 Best XTB 41 Best 71 -9
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 Free
EUR/USD average standard spread i
1.3 pips
1.06 pips
EUR/USD average raw spread i
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 13 USD 10.6
S&P 500 fees (CFD) i 0.42 points 0.59 points
Gold fees (CFD) i 0.89 points 0.89 points
Bitcoin fees (CFD) i USD 70.17 USD 205.25
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
Platform fees i
Fees on options
Options fees per contract i USD 1.5 Free
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 Trading 212 and with XTB in Nigeria, and of how many instruments each one gives access to.
5 / 12

XTB is better than Trading 212 for CFD markets, as XTB offers CFDs on crypto, which Trading 212 does not, and lets you own bonds outright, which Trading 212 does not. Both Trading 212 and XTB offer CFDs on commodities, forex, indices and stocks, and let you own ETFs and stocks outright.

XTB is better than Trading 212 for real stock markets, because XTB lets you own bonds outright, which Trading 212 does not, and offers CFDs on crypto, which Trading 212 does not. Both Trading 212 and XTB let you own ETFs and stocks outright, and offer CFDs on commodities, forex, indices and stocks.

Available markets
Section score Trading 212 65 -10 30 -15 XTB 75 Best 45 Best
Total tradable symbols i 10,000 5,200
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 Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i ETF, Stocks Bonds, ETF, Stocks

Platform

What we compare A comparison of the trading platforms that Trading 212 and XTB make available to their clients in Nigeria.
6 / 12

XTB is better than Trading 212 for platforms, since XTB offers TradingView and Mirror Trader, which Trading 212 does not. Trading 212 and XTB both offer a proprietary platform and one-click trading.

Platform
Section score Trading 212 81 -5 81 -5 XTB 86 Best 86 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 Trading 212 and XTB in Nigeria, and of what each one lets you do from your phone.
7 / 12

Trading 212 is better than XTB for mobile trading, as Trading 212 offers mobile trading signals, which XTB does not. Trading 212 and XTB both offer a proprietary mobile app and mobile price alerts.

Mobile
Section score Trading 212 74 Best 74 Best XTB 67 -7 67 -7
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 Trading 212 and XTB allow on their platforms in Nigeria.
8 / 12

There is little between Trading 212 and XTB on CFD trading features, as both offer negative balance protection and trailing stops. XTB goes a step further, as it allows for scalping.

Trading 212 is better than XTB for real stock trading features, given that Trading 212 offers fractional shares, which XTB does not. Trading 212 and XTB both offer trailing stops and API access.

Trading features
Section score Trading 212 76 89 Best XTB 75 -1 74 -15
Trade execution
Broker type i Agency NDD
Average execution time i 6 ms
Slippage occurrence i 28.05%
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i 2:1 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 0.01 lots
Minimum trade size (stocks) i USD 1 USD 0
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 Trading 212 and at XTB in Nigeria, and of who each one is meant for.
9 / 12

XTB is better than Trading 212 for CFD account types, because XTB offers an Islamic account, a micro account and a swap-free account, which Trading 212 does not. Both Trading 212 and XTB offer a demo account and a professional traders account.

Trading 212 is better than XTB for real stock account types, because Trading 212 offers a margin investing account, an unlimited demo account and a savings account, which XTB does not. Trading 212 and XTB both offer a stock investing account and a demo account.

Account types
Section score Trading 212 38 -12 69 Best XTB 50 Best 49 -20
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 Trading 212 and with XTB in Nigeria.
10 / 12

Trading 212 and XTB are equally good for account opening, as Trading 212 offers 3 account base currencies (against XTB's 2), and pays out withdrawals faster, within 2 days (against XTB's 3 days). On the other hand, XTB does not require a minimum deposit (against Trading 212's 1 USD), and has no minimum withdrawal (against Trading 212's 1 USD). Both Trading 212 and XTB offer credit cards and debit cards.

Account opening
Section score Trading 212 65 65 XTB 65 65
Minimum deposit i USD 1 USD 0
Minimum withdrawal i USD 1 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i
Local payment methods i
Account base currencies i EUR, GBP, USD EUR, USD
Deposit waiting time i up to 1 business days Instant
Withdrawal waiting time i up to 2 business days up to 3 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of Trading 212 and XTB in Nigeria, in how it can be reached and how fast it answers.
11 / 12

XTB is better than Trading 212 for customer care, since XTB has a website in 14 languages (against Trading 212's 11), and offers phone support, which Trading 212 does not. Trading 212 and XTB both offer live chat and email support.

Customer care
Section score Trading 212 58 -4 58 -4 XTB 62 Best 62 Best
Number of languages supported i 11 14
Website languages i Arabic, German, English, French, Italian, Dutch, Polish, Romanian, Russian, Spanish, Chinese Arabic, Czech, German, English, French, Hungarian, Italian, Polish, Portuguese, Romanian, Slovenian, Spanish, Turkish, Chinese
Website available in English i
Customer support languages i Arabic, German, English, French, Italian, Dutch, Polish, Romanian, Russian, Spanish, Chinese Arabic, Greek, English, French, Italian, Russian, Spanish, Thai, Turkish, 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 Trading 212 and XTB provide to their clients in Nigeria.
12 / 12

XTB is better than Trading 212 for learning, since XTB offers education for advanced traders, webinars and daily market commentary, which Trading 212 does not. Both Trading 212 and XTB offer education for beginners and an education center.

Learning
Section score Trading 212 43 -45 43 -45 XTB 88 Best 88 Best
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
Trading 212
Open Account 83% of retail investor accounts lose money when trading CFDs with this provider.
XTB
Open Account 80% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

Trading 212 vs XTB: which one should you choose?

Trading 212

CFD Choose Trading 212, regulated by the same authorities, if you want an online CFD broker with a wide choice of markets and several account base currencies.

Stocks Choose Trading 212, regulated by the same authorities, if you want a share dealing service with a wide choice of markets and several account base currencies.

Open Account 83% of retail investor accounts lose money when trading CFDs with this provider.
XTB

CFD Choose XTB, regulated by the FCA and CySEC, if you want a CFD and forex broker for scalping, with no minimum deposit and TradingView.

Stocks Choose XTB, regulated by the FCA and CySEC, if you want a broker for securities investing with bonds to own outright, TradingView and micro accounts.

Open Account 80% of retail investor accounts lose money when trading CFDs with this provider.

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