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XM Group vs Trading 212 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between XM Group and Trading 212? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, XM Group ranks more highly than Trading 212.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingXM GroupTrading 212FOREX.com
Overall Rating8 / 107.4 / 108.7 / 10
Account TypeXM GroupTrading 212FOREX.com
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesNoYes
Copy TradingXM GroupTrading 212FOREX.com
Social Trading / Copy TradingYesNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyXM GroupTrading 212FOREX.com
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesNoYes
BitcoinYesNoYes
ethereumYesNoYes
Forex Trading (Spot or CFDs)XM GroupTrading 212FOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)XM GroupTrading 212FOREX.com
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsXM GroupTrading 212FOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoNo
Social Trading / Copy TradingYesNoNo
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesYesYes
ETFNoYesYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsXM GroupTrading 212FOREX.com
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesNoYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesNoYes
MetaTrader 5 (MT5)YesNoYes
Regulatory LicensesXM GroupTrading 212FOREX.com
Tier-1 Licenses214
ASIC Authorised (Australia)YesNoNo
IIROC Authorised (Canada)NoNoYes
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)YesNoYes
Tier-2 Licenses112
Tier-3 Licenses101
Research, EducationXM GroupTrading 212FOREX.com
Trading Central (Recognia)YesNoYes
Forex News (Top-Tier Sources)YesYesYes
Daily Market CommentaryYesYesYes
AutochartistYesNoNo
Investor Dictionary (Glossary)NoYesYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)NoNoNo
Trading CostsXM GroupTrading 212FOREX.com
Minimum Initial Deposit$5EUR 10$100
Average Spread EUR/USD - Standard1.6 (Aug 2020)N/A1.0 (July 2022)
All-in Cost EUR/USD - Active0.8 (Aug 2021)N/A1.0 (July 2022)
Active Trader or VIP DiscountsNoNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)NoYesYes
Trading ToolsXM GroupTrading 212FOREX.com
Watchlists - Total Fields7520
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)3045203
Mobile Charting - Indicators / Studies304588
Trust FactorsXM GroupTrading 212FOREX.com
Year Founded200920041999
Publicly Traded (Listed)NoNoYes
BankNoNoNo
Authorised in European UnionYesYesYes
Trust Score907799
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XM Group vs Trading 212 Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs Trading 212.

Can I trust XM Group?

XM Group has a trust score of 90, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Trading 212?

Trading 212 has a trust score of 77, giving it a "Average Risk" trust label.

Is XM Group a good broker?

XM Group is known for its robust educational materials and quality market research, though its range of markets and overall trading costs trail behind the best MetaTrader brokers.

Is Trading 212 a good broker?

Trading 212's innovative app for web and mobile is great for beginners and less demanding traders who are looking to trade CFDs or invest in shares. That said, Trading 212's lack of advanced features and trading tools may leave experienced forex traders wanting more.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. XM Group is ASIC Authorised (Australia), FCA Authorised (U.K.) and CFTC Registered (USA), while Trading 212 is FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FINMA Authorised (Switzerland)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both XM Group and Trading 212 are CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses XM Group is IFSC Authorised (Belize), while Trading 212 is none., neither have SCB Authorised (Bahamas), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms XM Group supports a Desktop Platform (Windows), whereas Trading 212 supports a Proprietary Platform., neither have cTrader, DupliTrade and ZuluTrade

Does XM Group offer MetaTrader? Does Trading 212 offer MetaTrader?

For MetaTrader XM Group provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Trading 212 provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do XM Group and Trading 212 differ in terms of minimum deposit? What about average spreads and funding options?

XM Group requires a minimum deposit of $5, while Trading 212 requires a minimum deposit of EUR 10. From our testing we found XM Group offers spreads of 1.6 (Aug 2020), while Trading 212 offers spreads of N/A. XM Group supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where Trading 212 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, XM Group or Trading 212?

XM Group offers a more diverse selection of investment options than Trading 212 allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, XM Group has 1372, compared to 1785 from Trading 212.

Can I trade cryptocurrency with XM Group or Trading 212?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither XM Group nor Trading 212 allow you to trade physical cryptocurrencies.

Who offers more research tools, XM Group or Trading 212?

In terms of research and research tools XM Group gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Trading 212 has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources).

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