DEGIRO vs Trading 212: Which Broker is Better for You?

In the world of online trading, selecting the right broker is essential to achieving success. Two of the most popular brokers among retail traders are DEGIRO and Trading 212. Both offer unique features, competitive fees, and access to a wide range of financial instruments. But how do they compare? In this article, well explore the key differences between DEGIRO and Trading 212, focusing on their regulation, trading platforms, account types, fees, and customer service.

Key Differences Between DEGIRO and Trading 212

Regulation & Safety

DEGIRO is regulated by top-tier authorities such as the AFM (Netherlands) and BaFin (Germany), providing a high level of safety for traders. This broker adheres to the strict standards required in Europe, offering investor protection and transparency.

Trading 212, on the other hand, is regulated by the FCA (UK) and FSC (Bulgaria). The FCA regulation ensures robust protection for UK clients, while the FSC covers customers from other regions. However, while DEGIRO has broader European coverage, Trading 212 provides adequate security through its FCA license.

Platform & Tools

Both brokers offer easy-to-use platforms, but Trading 212 stands out with its dedicated Invest and CFD platforms, making it a favorite for traders who prefer specialization. DEGIRO provides a simple web-based interface with the option of DEGIRO Pro, ideal for more advanced traders looking for sophisticated charting and analysis tools.

Trading 212 supports MT4 for advanced trading, while DEGIRO lacks support for popular platforms like MT4/MT5, which may deter traders who rely on those for technical analysis.

Account Types and Fees

DEGIRO offers competitive fees, especially on its Standard account, with no minimum deposit required. However, commissions are charged on certain instruments such as options and bonds. For traders seeking more advanced services, the Professional account requires a higher level of expertise and offers access to more markets.

Trading 212, on the other hand, offers commission-free trading for stocks and low spreads for CFDs. There are no minimum deposit requirements, making it an accessible platform for beginners. However, Trading 212 charges small spreads on CFDs and may not be the best option for those focused solely on stock trading.

Customer Service & Education

DEGIRO offers email support but lacks 24/7 live chat, which may be a downside for traders who need immediate assistance. Trading 212 excels in customer support with live chat available around the clock. Additionally, Trading 212 provides a wide array of educational resources, including video tutorials, webinars, and trading guides.

Conclusion

When it comes to DEGIRO vs Trading 212, the best choice depends on your individual needs. If you're a seasoned investor looking for low fees and access to European markets, DEGIRO might be the better option. However, if you're a beginner or someone looking for commission-free stock trading and a wealth of educational resources, Trading 212 offers a more user-friendly experience.

Are you ready to start trading? Visit DEGIRO or Trading 212 today and explore their platforms. Have questions? Drop them in the comments below!