Trading 212 Vs TradingView

Category: Trading Platforms | Author: Trading Brokers | Date: July 30, 2023

Trading platforms are software applications that allow traders to access the financial markets and execute trades. They provide various tools and features to help traders analyze the market conditions, manage their risk, and optimize their strategies. There are many trading platforms available in the market, but two of the most popular ones are Trading 212 and TradingView. In this article, we will compare these two platforms and help you decide which one is more suitable for your trading needs.

Overview of Trading 212

Trading 212

Trading 212

Trading 212 is a London-based brokerage platform that aims to democratize trading by making it accessible to the masses. Founded in 2006, Trading 212 allows users to trade in a variety of assets including Forex and currencies, gold, commodities, crypto, stocks, etc. Trading 212 is regulated by the UK FCA, Bulgarian FSC, and Cypriot CySEC. It has a freemium model offering the basic services without any charge hoping that the users opt for other paid services or transact on the CFD area of the platform.

Trading 212 offers an easy DIY platform and allows over 1,800 instruments to trade, offering enough options to traders to decide where and how they want to invest their money. These instruments include major cryptocurrencies like Bitcoin, Ripple, LiteCoin, Ethereum, Monero, EOS, Dash, Neo, and more. Traditional assets like stocks, commodities, and indices can also be traded on the platform.

Trading 212 offers a demo account that lets users try out the platform and perform test transactions without registration. Trading 212 offers three different types of accounts: Trading 212 Invest, Trading 212 CFD, and Trading 212 ISA. Trading 212 does not charge commissions or fees for using the platform, but it charges spreads that vary depending on the instrument.

Pros of Trading 212

  • Regulated by the FCA in the UK and the FSC in Bulgaria
  • Commission-free trading on stocks, ETFs and more
  • Access to a wide range of trading products and services
  • User-friendly and customizable trading platform
  • Excellent customer service and support

Cons of Trading 212

  • High spreads on forex pairs
  • High fees for crypto trading
  • No leverage for forex trading
  • High minimum deposit requirement of £100
Trading 212 Logo

Trading 212 is a popular mobile trading platform offering flexible zero commission trading on 2,000+ instruments including stocks, forex and cryptos. They provide a powerful and user-friendly platform suitable for traders of all skill levels.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Overview of TradingView

TradingView

TradingView

TradingView is a powerful stock screener, charting platform, and research powerhouse providing a massive range of tools investors can use to learn more about the markets. TradingView is a comprehensive research platform, offering a very wide selection of information sources, insights, and features that traders and investors can use to explore markets.

TradingView has a web-based platform and a mobile app that are both user-friendly and intuitive. The platform has social features such as news feeds, chat, forums, and ideas. Users can also create custom scripts, indicators, and strategies using the Pine Script language.

TradingView offers access to over 50,000 instruments across various markets such as stocks, ETFs, indices, commodities, currencies, cryptocurrencies, futures, options, and bonds. Users can also trade directly from the platform using brokers that are integrated with TradingView.

TradingView provides educational resources such as videos, articles, webinars, and courses on its website and blog. It also has a research team that publishes market analysis and insights. TradingView also has a paper trading feature that allows users to practice trading with virtual money on the platform.

TradingView does not charge commissions or fees for using the platform, but it offers different subscription plans that provide access to more features and data. The plans are Basic (free), Pro ($14.95 per month), Pro+ ($29.95 per month), and Premium ($59.95 per month). Users can also get discounts for paying annually or biennially. You can take a look at our best TradingView brokers if this is your platform of choice.

Pros of TradingView

  • Free for basic features.
  • Supports multiple markets and instruments.
  • Powerful and flexible trading system.
  • Large community for support and resources.
  • Marketplace for buying or renting trading tools.

Cons of TradingView

  • It has a steep learning curve and may be confusing for beginners.
  • It does not have a social trading feature or a demo account.
  • It may have compatibility issues with some brokers or devices.
  • It may have security risks or bugs due to third-party software or plugins.
  • It does not offer customer support directly from MetaQuotes.

Comparison between Trading 212 and TradingView

Here are some of the main differences between Trading 212 and TradingView:

Platform Type

Trading 212 is a broker that offers its own proprietary web-based and mobile trading platform that supports portfolio copy trading. The platform allows users to trade over 1,800 instruments, including CFDs, stocks, ETFs, and commodities. The platform also offers a range of trading tools and resources, such as market news and analysis, economic calendars, risk management tools, and educational resources.

TradingView is a web-based charting and analysis platform that supports social and copy trading. The platform allows users to access over 50,000 instruments, including forex, stocks, indices, futures, options, and cryptocurrencies. The platform also offers a range of trading tools and resources, such as technical analysis tools and indicators, custom indicators, backtesting capabilities, and trading signals.

Assets

Trading 212 offers over 1,800 assets to trade, including forex, CFDs, stocks, ETFs, and commodities. Depending on the regulation, Trading 212 may offer real stocks and ETFs to buy to own or CFDs on these instruments. Trading 212 does not offer fractional shares or cryptocurrencies. TradingView offers over 50,000 assets to trade, including forex, stocks, indices, futures, options, and cryptocurrencies. Depending on the broker, TradingView may offer real stocks and ETFs to buy to own or CFDs on these instruments. TradingView also offers fractional shares and cryptocurrencies.

Pricing fees

Trading 212 charges no commission on most of its trades, but makes money from the spread and overnight fees. The overnight fee is the interest charged or paid for holding a position open past a certain time. It also charges an inactivity fee of £9 per month after six months of no activity. TradingView does not charge any fees by itself, but the broker may charge commissions, spreads, overnight fees, and other fees depending on the account type and instrument. The commission is a fixed fee charged per trade or per lot traded. The spread is similar to Trading 212’s but may be fixed or variable depending on the broker. The overnight fee is similar to Trading 212’s, but it may be calculated differently depending on the broker.

Trading features

Trading 212 offers various trading features, such as portfolio copy trading tools, market news and analysis, economic calendar, risk management tools, and educational resources. TradingView offers multiple trading features, such as technical analysis tools and indicators, custom indicators, backtesting capabilities, and trading signals. Trading signals provide users with buy or sell recommendations based on various criteria and algorithms.

User interface

Trading 212 has a user-friendly and intuitive user interface that is suitable for beginners and experienced traders alike. It has a simple design and layout that allows easy navigation and access to various functions. Users can switch between different views such as portfolio, watchlist, news feed, markets or copy people. Users can also customize their profile settings, notifications preferences and account details. TradingView has a more complex but modern user interface that may require some learning curve for new users. It has a customizable design and layout that allows users to adjust various settings and preferences. Users can switch between different windows such as chart window, market watch window, terminal window, navigator window, or strategy tester window. Users can also customize their chart settings, indicators settings, trading settings, and alerts settings.

Regulations

Trading 212 is regulated by several reputable authorities, such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Bulgaria, and the Financial Supervision Commission (FSC) in Gibraltar. Trading 212 also offers negative balance protection for EU clients, which means that clients cannot lose more than their account balance in case of extreme market volatility. TradingView is not a regulated broker or investment advisor, but a social network for traders and investors. It does not offer any trading or investment services but only provides a platform for users to share market data, charts, news, and other information. Users are responsible for their own trading decisions and actions and must comply with the terms of use, policies, and disclaimers of TradingView.

Which Should You Choose: Trading 212 or TradingView?

The answer to this question depends on your trading goals, preferences, and needs. Both platforms have their own advantages and disadvantages, and you should consider them carefully before making a decision. If you are looking for a regulated broker that offers commission-free investing in stocks and ETFs, as well as CFD trading with leverage, then Trading 212 might be the right platform for you. You can also benefit from the FSCS protection, the user-friendly interface, and the variety of tools and features available on Trading 212. If you are looking for a social trading platform that connects you with millions of traders and investors around the world, then TradingView might be the right platform for you. You can access real-time market data, charts, news, and analysis from various sources, as well as share your own ideas, scripts, and streams. You can also learn from other users, follow experts, and join communities based on your interests and strategies. Ultimately, the choice is yours. You can also use both platforms for different purposes, as they are not mutually exclusive. However, you should always be aware of the risks involved in trading and investing and never trade with money you cannot afford to lose.

Conclusion

Trading 212 and TradingView are two of the most popular trading platforms in the market. They both have their own strengths and weaknesses, and they cater to different types of traders. Ultimately, the best trading platform for you is the one that meets your needs and expectations. Therefore, before you choose a platform, you should do your own research, compare the features and fees, and test the platforms with a demo account or a small amount of money. This way, you can find the platform that suits you best and helps you achieve your trading goals.


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