Trading212 vs UFX

Trading212 or UFX – which is better for UK traders 2024? Compare Trading212 and UFX in this detailed breakdown of their platforms, features and fees.

Trading212 vs UFX Comparison Table 2024
Trading212 UFX
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2.5
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0.8
Trading212 is ranked #90 among CFD brokers. UFX is ranked #91 among CFD brokers.
Review
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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.
UFX has closed or no longer accepts UK clients.
UFX are forex trading specialists that also offer popular stocks, ETFs, indices, and commodities. Offering tight spreads and one of the best ranges of major and minor pairs, they are a great option for aspiring FX investors.
Pros
  • 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
  • Regulatory oversight
  • Full range of investments
  • Multiple payment methods offered
  • Low minimum deposit
  • Demo account
Cons
  • 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
  • No copy trading
  • No MT4 integration
Awards
  • Best Forex Trading Tools - MassInsights™ Technology - UK Forex Awards Winner 2016 & 2017
  • FX Director of the Year - Dennis de Jong - The European 2016 & 2017
  • FX Broker of the Year - The European 2016 & 2017
  • Best Trader Loyalty Programme - UFX Rewards - FX Report Awards 2016
  • Best Trading Platform - MassInsights™ Technology - FX Report Awards 2016
FCA Regulated
Yes No
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs ETFs, Commodities, Forex, Stocks, Indices, CFDs
Demo Account
Yes Yes
Minimum Deposit
$1 $100
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FCA, CySEC, FSC CySEC
Mobile Apps
iOS & Android iOS & Android
Trading App

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.

 
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Android App Rating
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Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
Yes 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
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
AutoInvest Portfolio Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
Yes No
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$100
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • SEK
  • NOK
  • DKK
  • CHF
  • PLN
  • CZK
  • HUF
  • USD
Commodities
  • Gold
  • Silver
  • Gasoline
  • Oil
  • Copper
  • Palladium
  • Coffee
  • Cotton
  • Platinum
  • Corn
  • Sugar
  • Cocoa
  • Livestock
  • Wheat
  • Soybeans
  • Natural Gas
  • Lead
  • Lean Hogs
  • Corn
  • Oil
  • Gold
  • Palladium
  • Platinum
  • Silver
  • Natural Gas
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. Invest in various markets without owning the underlying asset. Also trade with leverage.
Leverage
1:30 1:30
FTSE Spread
2.5 Variable
GBPUSD Spread<
0.00028 3 - 5 pips
Oil Spread
0.4 5 - 8 pips
Stocks Spread
0.2% Var Variable
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. Trade over 60 forex pairs with advanced analysis tools.
Assets
180+ 65+
GBPUSD Spread
0.00028 3 - 5 pips
EURUSD Spread
0.00015 2 - 4 pips
EURGBP Spread
0.00044 4 - 5 pips
Currency Indices
  • USD
Trading212 UFX
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