Is XM better than Trading 212? That depends on what you need from your broker. We compare brokers side by side, and while XM offers an excellent research and education portal, Trading 212 has a zero-commission model that allows for very transparent pricing. When you compare XM vs Trading 212, both brokers are fully regulated and have a credible reputation. Work out which is the best broker for you in our comparison below.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high degree of risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Comparing the trading costs at different brokers is never easy, as they are calculated differently, with some brokers taking a profit directly from the spreads, and some also charging a commission. Trading 212 operates a no-commission trading model, while at XM, trading costs, including spreads, depend on the account type you choose.
When comparing these brokers, a lot will depend on your preferences. Some traders like to only have to think about the spreads when estimating the cost of a trade. Others prefer the benefit of lower spreads, and are happy to add in the commission fee when factoring in potential costs.
With the XM Zero account, spreads can go as low as 0 pips, but you will pay a standard commission of £3.50 per $100,000 traded. With Trading 212, spreads on CFDs are also very tight, starting at less than 1 pip. Forex trades have a 0.15% fee added and offer the trader a breakdown of the precise amount to be deducted on each trade, when the order is submitted.
When deciding whether to trade with Trading 212 or XM, you will not have to worry too much about leverage. Both brokers offer leverage of up to 30:1, which is the standard maximum leverage offered by brokers in the UK and throughout the EU.
Opening an account with either Trading 212 or XM is quick and easy. With Trading 212, simply click on the ‘Open account’ button and fill in your details. If you prefer mobile trading, you can choose to download the Trading 212 mobile app to get started on your mobile device. It usually takes one to two business days to get your account up and running.
At XM, your initial registration will take about two minutes, and your account will generally be up and running within one business day, making it even quicker than Trading 212.
Both Trading 212 and XM offer a demo account so that you can try the system out before committing to invest any real money.
Trading 212 offers its own proprietary trading platform, both as a desktop version and as a mobile app, but does not currently offer MT4 or MT5 trading. Also, it does not offer a social trading or copy trading platform, which is something that may or may not be important to you as a trader.
XM offers MT4 and MT5 trading, as well as the XM Mirror Trader platform, which can be used for copy trading. If you are already trading using one of the MetaTrader platforms, and are happy with it, then this might be a good choice for you, and if you want to copy trade, you will certainly be able to do so easily with XM.
Both brokers have a very low minimum deposit, making them highly accessible to all traders, regardless of budget or experience. Trading 212 has a minimum deposit requirement of just €1, while XM allows you to get started with as little as a $5 deposit. In practice, you will undoubtedly want to invest at least a little more than this, so either Trading 212 or XM is a good choice if you are looking to get started with a small investment.
XM provides trading in more than 55 currency pairs and offers a total of more than 1,000 instruments, including forex, CFDs, stocks, commodities, energies, precious metals and indices. Trading 212 offers 1,785 instruments, including more than 180 currency pairs. When deciding whether to trade with Trading 212 or XM, remember that the number of instruments or currency pairs on offer is less important than whether the broker offers the specific instruments, and forex pairs, that you want to trade.
Both brokers are an excellent choice, with a low minimum deposit, easy account opening process, and reasonable fees. MT4 and MT5 traders may prefer XM, as will those who want to participate in copy trading. Many mobile traders, on the other hand, seem to really like the Trading 212 trading app. It will also depend, of course, on which assets you want to trade. Don’t forget that you can try out both platforms with a free demo account.