OKX is a respected cryptocurrency firm, established in 2017, that offers a large suite of products, from mining pools to NFTs. Traders can access over 400 crypto tokens via OTC trading and derivatives. With an excellent web platform, developer tools and dynamic charts, OKX is a popular choice for technical traders.
Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets.
Pros
There's an impressive range of blockchain products, including DeFi services, NFTs and games, alongside 400+ established and emerging coins
You can access a wide range of trading products, including futures, options and perpetual swaps via a mobile app or desktop platform
OKX maintains an excellent reputation with 20 million global clients and a license from the Dubai Virtual Assets Regulatory Authority
Traders can access historical market data for spot and futures combining OHLC data, aggregate trades and trading history
There's a vast developer lab plus access to a marketplace of pre-built trading bots with auto-arbitrage
Active traders can expect competitive maker and taker fees, from 0.02% and 0.05%, respectively
Crypto staking and pools are available with competitive mining fees from 2%
One of the standout features of Trading 212 is its commission-free trading, meaning you can buy and sell stocks, ETFs, and other financial instruments without incurring traditional brokerage fees
Trading 212 has an intuitive and user-friendly platform that is especially accessible for beginners, with a straightforward layout and a reasonable range of tools for analysis
The platform offers a good suite of instruments, including stocks, indices, ETFs, currencies, commodities, and CFDs. This variety can help you to create a diversified investment portfolio
A sleek mobile app lets you trade on the go. It’s well-designed and offers features similar to the web platform, making it convenient if you prefer mobile trading
Up to 5.2% interest on uninvested cash is available, appealing to hands-off investors
Cons
The firm offers limited regulatory oversight, though this is common among crypto brokers
The quality of customer support was inconsistent based on testing
The broker's platform and features may be complex for novices
Experienced traders who rely on sophisticated technical analysis tools will find Trading 212’s charting features to be somewhat basic, especially compared to alternatives like IG
While Trading 212 offers leveraged trading through CFDs, there are restrictions on leverage for certain instruments. If you want high leverage for your strategies, you will find these limitations constraining
There’s no copy trading, a significant drawback given Trading 212's client base is largely beginners and brokers like eToro offer this feature
There is no support for algorithmic or automated trading, nor third-party apps like MetaTrader 4, which will deter advanced traders. IC Markets ticks these boxes
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
iOS App Rating
Android App Rating
Margin Trading
Yes
Yes
MetaTrader 4
No
No
MetaTrader 5
No
No
cTrader
No
No
AlgoTrader
Yes
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
No
No
STP Account
No
Yes
ECN Account
No
No
DMA Account
No
No
MAM Account
No
No
PAMM Account
No
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
No
No
Robo Advisor
No
No
Negative Balance Protection
No
Yes
Market Maker
No
Yes
P2P Trading
Yes
No
Spot Trading
Yes
No
Auto Trading
Yes
AutoInvest Portfolio
Copy Trading
No
No
Social Trading
No
Yes
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
No
Yes
Custodial Account
No
No
Guaranteed Stop Loss
No
No
Islamic Account
No
No
Account Currencies
USD
EUR
GBP
INR
JPY
SGD
RUB
AED
SAR
USD
EUR
GBP
CAD
SEK
NOK
DKK
CHF
PLN
CZK
HUF
Commodities
Gold
Silver
Gasoline
Oil
Copper
Palladium
Coffee
Cotton
Platinum
Corn
Sugar
Cocoa
Livestock
Wheat
Soybeans
Natural Gas
Lead
Lean Hogs
CFD
Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors.
Leverage
1:30
FTSE Spread
2.5
GBPUSD Spread<
0.00028
Oil Spread
0.4
Stocks Spread
0.2% Var
Forex
Trade over 180 major, minor, and exotic forex pairs on the Trading 212 platform, featuring floating spreads and leverage up to 1:30. It’s important to note, though, that the forex broker has a history of adjusting margin requirements without providing adequate notice. As a result, CMC Markets is a better pick for forex traders with more currency pairs and a cleaner record.
Assets
180+
GBPUSD Spread
0.00028
EURUSD Spread
0.00015
EURGBP Spread
0.00044
Currency Indices
USD
Cryptocurrency
OKX continues to offer a superb selection of 400+ tokens including Bitcoin and Ripple. You can buy and sell tokens or trade cryptos on margin via derivatives, including perpetual swaps, options and futures. OKX stands out for its low fees, extensive range of tokens and speedy crypto transactions.
