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Online Brokers – XTB and Trading 212

XTB being an online broker regulates in UK, Poland, Cyprus, Spain, and Belize and offers to trade in Forex, Contract for Differences (CFDs), and Cryptocurrency while Trading 212 offers trade in Forex, Stocks, Indices, and Commodities and regulates in UK and Bulgaria.

Here is what you need to know about both XTB and Trading 212.

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  • XTB is an online broker founded in 2002 and headquartered in Poland.

Trading 212 is an online broker founded in 2006 and headquartered in the UK.

  • XTB is regulated by Cyprus Securities and Exchange Commission (CySEC), Cysec License Number 169/12, National Securities Market Commission (CNMV), Polish Financial Supervision Authority, and Financial Conduct Authority (FCA).

Trading 212 is regulated by the Financial Conduct Authority (FCA) and Financial Supervision Commission (FSC).

  • XTB is used by more than 250,000 traders in the respective countries.

Trading 212 is used by more than 14 Million traders while being the number one trading and investment app in the UK with over 14 Million downloads.

  • XTB has no Minimum Deposit.

Trading 212 has a minimum deposit of $1.

XTB Review/Trading 212 Review

XTB and Trading 212 are both trustworthy online brokers. XTB Review speaks in favor of this online broker company leaving only one CON that is being not regulated by the Australian Securities and Investment Commission (ASIC).

XTB and Safety

XTB respects the trader safety and for this purpose, it is regulated by FCA, CYSEC, CNMV, and PFSA. For safety reasons, all the payments funded in the XTB accounts are held in a segregated bank account. XTB uses tier-1 banks for it which is the measure of financial health and strength of a bank. XTB also offers a demo account for starters that work as an experimental account. You can work on your demo account for as long as you want, to get a better sense of online trading in the areas which XTB offers.

XTB Fee Structure

XTB does not have a limit on the Minimum Deposit for opening an account. Its reason is that no minimum deposits usually attract a lot of new customers because when a person is entering the online stock market for the first time, he does not want to lose money so no minimum deposit is a perk that XTB offers.

XTB has no deposit fees. No deposit fees go in for customer satisfaction and attracting more customers/traders.

XTB charges a minimal withdrawal fee that varies on your withdrawal payment method. You can easily withdraw your funds to a verified PayPal account, Skrill account, Payoneer account, and a bank account via wire transfer.

XTB has no inactivity fees.

XTB has some commission fees that solely depends on the broker and your trade method.

How does trading work with XTB?

XTB trading is quite simple. You’ll need to sign up with a trading account, submit your identification documents for account validation and then make a deposit. After you have made the deposit, you have to download the trading platform of your choice. Detailed guidance is also present on the XTB website.

Trading 212 Review

Trading 212 is also an online broker just like XTB. A brief Trading 212 Review is defined below.

Trading 212 is regulated by both FCA and FSC. The only CON with Trading 212 is that it does not allow scalping.

Trading 212 and Safety

Likewise XTB, Trading 212 is also regulated by respectable financial governing bodies and segregates your funds in a bank account. It also uses tier-1 banks having financial health and strength. Trading 212 allows you to open two accounts, one with the real deposits and the other as an experimental account. This demo account allows you to practice your trading skills before stepping into the real world of trading.

Trading 212 Fee Structure

Trading 212 provides a minimum deposit of only $1.

The best thing about Trading 212 that segregates it from other online brokers is that there is no withdrawal fees, no inactivity fees, no deposit fees, and no commission fees.

How does trading work with Trading 212?

Trading 212 works the same way as of XTB. Firstly you have to sign up and submit your identification documents, and after your account validation, you can download your preferred trading platform and get going.

Withdrawal of Trading 212 can be done through a valid PayPal and Skrill account, as well as credit cards and bank transfer via wire transfer.

This is all you need to know about both XTB and Trading 212 before getting into the world of online trading and brokerage.


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