Comparison of Trading212 vs AvaTrade [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theTrading212 vs AvaTrade comparison!

Your expert: Alejandro Borja

Trading212

Your expert: Xavier Tarrasó

AvaTrade

Main points

Fees

Low 4/5

Regulated

FCA, CySEC

Demo account

Yes

Average 3,4/5

Fees

ASIC

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

4.3 – Trading212 provides commission-free trading and a user-friendly platform. However, the 0.3% to 0.5% fee on currency conversion orders and inactivity fee are potential downsides .

4.2 – AvaTrade stands out with no deposit or withdrawal fees and competitive spreads, making it a good option for frequent traders. The only drawback is the inactivity fee .

Level

Low 4/5

Average 3,4/5

Brief explanation

Trading212 employs a straightforward fee structure with no commissions on most trading activities, particularly for CFD accounts. Users benefit from free deposits and withdrawals, making the platform financially accessible. However, there are fees associated with specific services. For instance, a 0.7% fee is charged on deposits exceeding €2,000 when using credit/debit cards or electronic wallets. Currency conversion carries a fee of 0.15% for Invest accounts and 0.5% for CFD accounts. Additionally, inactive accounts are charged £9, €9, or $9 after six months of inactivity .

AvaTrade operates with a clear and competitive commission structure, making it an attractive choice for traders looking for cost efficiency. There are no fees for deposits or withdrawals, which is a significant advantage compared to many other platforms. Deposits can be made via credit and debit cards, wire transfers, and e-wallets like Skrill and Neteller, while withdrawals are processed within 1-5 business days, depending on the method used . AvaTrade charges spreads on cryptocurrency trades, with typical spreads being competitive. For example, the spread for Bitcoin against the US dollar (BTC/USD) is around 0.35%, and for Ethereum against the US dollar (ETH/USD), it’s about 0.60%. These spreads are within the industry standard, offering traders cost-effective trading opportunities . However, there are some non-trading fees to be aware of. AvaTrade imposes an inactivity fee of $50 per quarter after three months of inactivity and a $100 administrative fee after 12 months of inactivity. Additionally, overnight financing fees apply to positions held overnight, with rates varying depending on the asset . Despite these non-trading fees, AvaTrade’s overall fee structure is transparent and competitive, making it a favorable platform for active traders looking to minimize their costs.

Trading212

Year Founded: Trading212 was established with a solid foundation in the trading industry and has steadily grown its reputation over the years, ensuring a reliable and trustworthy platform for its users.
Number of Users: With millions of users worldwide, Trading212 has built a large and active community, reflecting its credibility and user satisfaction.
Regulation: Trading212 is regulated by the UK's Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), providing a strong layer of security and adherence to strict financial standards.
Customer Service: The platform offers comprehensive customer support, including a helpful community forum and various contact methods, ensuring that users can get assistance when needed.
Withdrawal and Deposit Policies: Trading212 supports a wide range of payment methods for deposits and withdrawals, including credit/debit cards, bank transfers, and e-wallets, making transactions easy and accessible for users.

AvaTrade

Regulated by Multiple Authorities: AvaTrade is regulated by several top-tier financial authorities, including the Central Bank of Ireland, ASIC in Australia, the Financial Sector Conduct Authority in South Africa, and the Financial Futures Association of Japan. This extensive regulatory oversight ensures a high level of security and compliance with international standards .
Established Track Record: Founded in 2006, AvaTrade has a long-standing presence in the financial industry. This longevity demonstrates the platform's resilience and reliability through various market cycles and financial crises .
Robust Security Measures: AvaTrade employs advanced security protocols to protect client funds and personal information. These measures include negative balance protection and the segregation of client funds from the company’s operational funds, ensuring that your investments are safeguarded against unforeseen events .
Comprehensive Customer Support: AvaTrade offers excellent customer service, available 24/5 via live chat, phone, and email. The support team is multilingual, responsive, and well-equipped to handle a wide range of trading-related queries, ensuring that users can get the help they need promptly .
Transparent Operations: AvaTrade maintains transparency in its operations, providing clear information about its fees, regulatory status, and security measures. This transparency builds trust and allows traders to make informed decisions about their investments

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Account Minimum

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Direct link to the website

Product selection

Native token

Trading212 does not have a native token.

AvaTrade does not have a native token.

Earns

Trading212 does not offer staking or other earning options for cryptocurrencies. It provides trading through crypto CFDs .

AvaTrade does not provide earning options like staking for cryptocurrencies. The platform focuses on CFD trading .

NFT marketplace

Trading212 does not have an NFT marketplace.

AvaTrade does not have an NFT marketplace.

Cripto/debit card

Trading212 does not offer a card for its clients .

AvaTrade does not provide a card for its clients .

Payment methods

Transfers

Yes, Trading 212 accepts bank transfers for both deposits and withdrawals .

Yes, AvaTrade accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, Trading212 accepts Mastercard for deposits.

Yes, AvaTrade accepts Mastercard for deposits.

Wire transfer

Yes, Wise is supported as a payment method .

Wise is not mentioned as a supported payment method .

Card

Yes, Trading 212 accepts credit/debit cards .

Yes, AvaTrade accepts credit/debit cards .

Comparative table

Trading212	Features	AvaTrade
The platform allows users to start trading with as little as £1, making it highly accessible for beginners.	Minimum Trade	Minimum trade size is accessible, starting from 0.01 lots, making it suitable for beginners.
Trading212 offers competitive fees with no commissions on real stock trades, but CFD trading involves spreads.	Trading and Transaction Fees	Competitive spreads, but inactivity and overnight fees can add up .
Trading212 supports a limited selection of cryptocurrencies, which might not satisfy traders looking for a wide variety of digital assets.	Number of Cryptocurrencies	Limited selection of 13 cryptocurrencies, including major ones like Bitcoin and Ethereum .
The platform does not offer direct crypto-to-crypto trading pairs, limiting the trading options available.	Crypto-to-Crypto Trading Pairs	Offers crypto-to-crypto trading pairs, but the range is limited compared to specialized crypto exchanges .
Trading212 provides clear and comprehensive information about its fees, services, and regulatory status, ensuring transparency for users.	Website Transparency	The website is clear and informative, with comprehensive details about fees, trading conditions, and regulations .
Trading212 does not offer a card for its clients .	Credit/Debit Card	AvaTrade does not provide a card for its clients .
Trading212 does not provide dedicated cryptocurrency storage solutions, as it primarily deals with CFDs rather than actual cryptocurrency ownership.	Storage Offering	Does not offer crypto wallets as it only deals in crypto CFDs .
There are no staking or rewards programs available on Trading212, limiting passive income opportunities for users.	Staking and Rewards	No staking or rewards programs available, which could be a drawback for some users .
Trading212 offers robust mobile and desktop applications with a user-friendly interface and advanced trading tools.	Mobile App and Desktop	AvaTradeGO mobile app and desktop platforms like MetaTrader 4/5 provide robust trading features and user-friendly interfaces .
The platform offers good customer support through various channels, though there is room for improvement in response times.	Customer Service	Multilingual customer support available 24/5 via live chat, phone, and email, but not 24/7 .
Deposits and withdrawals are straightforward and support multiple payment methods, though crypto withdrawals are not available.	Deposit and Withdraw	Free deposits and withdrawals with various methods, though withdrawal processing can take up to five days

Key features

Analysis tools

Trading 212 offers a web-based platform and mobile apps with many features, including technical indicators and charting tools. They also provide educational resources and a demo account for practice trading .

AvaTrade offers the Guardian Angel risk management tool for MetaTrader 4 and 5, which provides real-time feedback on trading actions. AvaTrade also provides access to a wide range of technical indicators and charting tools within their trading platforms .

Mobile APP

Yes, Trading 212 provides mobile apps for both Android and iOS devices, featuring many of the functionalities found on their web-based platform .

Yes, AvaTrade offers the AvaTradeGo mobile app, which is reliable and provides access to all trading tools and account management features .

Security

Trading 212 is regulated by the FCA and CySEC, ensuring a high level of security. However, they do not provide basic security features like two-factor authentication, which could be a concern for some investors.

AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). They provide negative balance protection for retail clients, ensuring investors cannot lose more than their account balance.

Additional features

Trading212 allows trading of cryptocurrency CFDs with benefits like leverage and short selling. They offer a user-friendly platform with a demo account for practice. Trading212 supports a wide range of payment methods and provides low fees for trading CFDs on stocks, indices, commodities, and forex in addition to cryptocurrencies .

AvaTrade is known for its extensive range of CFDs, including cryptocurrencies such as Bitcoin, Ethereum, Ripple, and more. They offer leverage up to 1:2 for EU clients and up to 1:25 for non-EU clients. AvaTrade also features the Guardian Angel tool for risk management, which gives instant feedback and advice tailored to each trader’s actions. Furthermore, they provide competitive spreads and have a variety of trading platforms, including MetaTrader 4 and 5 .

Anonymity

Trading212 does not support anonymous accounts. The registration process includes providing personal details and identity verification.

Anonymous accounts are not available on AvaTrade. The registration process includes filling out personal information, financial details, and providing proof of identity and residence .

Key points

Available cryptocurrencies

Trading212 supports trading in cryptocurrency CFDs. The available cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), and other popular cryptocurrencies .

AvaTrade provides trading in cryptocurrency CFDs. The supported cryptocurrencies are Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), EOS, NEO, Dash, Chainlink (LINK), Uniswap (UNI), Litecoin (LTC), Stellar (XLM), IOTA (MIOTA), and Ripple (XRP). Additionally, it offers a Crypto10 index.

User-friendliness

Trading212 offers a user-friendly and fast platform for trading crypto CFDs. The account setup process is quick, and the platform supports multiple payment methods. While the range of cryptocurrencies available for trading is limited, Trading212’s intuitive design and ease of use make it a good option for beginners.

AvaTrade simplifies the crypto trading experience with a quick and fully digital account setup process. Users can start trading within minutes, which is significantly faster compared to traditional crypto exchanges. The platform supports multiple payment methods for deposits and withdrawals, making it convenient for global users. AvaTrade’s intuitive interface and support for various cryptocurrencies make it an excellent choice for beginners .

Value for money

Trading212 provides excellent value with commission-free trading and a user-friendly platform. However, its fee for credit/debit card deposits and a small commission on stock trades might be a downside for some users.

AvaTrade provides a robust value for money with no deposit or withdrawal fees, though it charges an inactivity fee of $50 after three months of inactivity. The spreads on major cryptos are competitive, making it a good option for active traders.

Countries of operation

United Kingdom, European Union, available in most countries that allow crypto trading .

Ireland, Japan, Australia, South Africa, United Arab Emirates, Israel .

Best for

Trading212 is best for beginner and intermediate traders looking for a user-friendly platform with commission-free trading of crypto CFDs. It’s suitable for those who want to start trading quickly and benefit from a wide range of other financial instruments.

AvaTrade is great for traders who are interested in speculating on the price movements of major cryptocurrencies using CFDs. It’s particularly suitable for those who want to utilize leverage and trade within a highly regulated framework, although the limited number of available cryptocurrencies might be a drawback for some.

Account

Trading

Trading212 supports crypto CFD trading with leverage, offering a straightforward and easy-to-use platform. It is ideal for beginners who want to start trading cryptocurrencies without owning them.

AvaTrade supports crypto CFD trading with a range of popular cryptocurrencies. The platform is well-regulated and offers leverage, providing a secure environment for trading cryptos.

Deposit and withdrawal

Trading212 offers free deposits and withdrawals through a variety of methods, including bank transfers, credit/debit cards, and e-wallets. The process is typically fast and efficient.

AvaTrade supports a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The process is generally smooth, but withdrawal times can vary based on the method used.

Account opening process

Trading212 offers a simple and fast account opening process. Users fill out an online form, provide personal and financial information, and submit verification documents. The process is fully digital and accounts are typically approved within one business day.

Opening an account with AvaTrade is simple and fast. Users must complete an online registration form, provide personal information, and upload verification documents. The process is fully digital, and accounts are usually approved within a day.

KYC required?

KYC is mandatory at Trading212. Users must submit identification documents and proof of address during the account opening process.

AvaTrade requires KYC verification. Users need to submit identification documents and proof of address before they can start trading.

Customer Service

Trading212 offers customer support through live chat, email, and phone. The support is available 24/7 and is known for being responsive and helpful, providing users with timely and effective assistance.

AvaTrade provides strong customer support through multiple channels including live chat, email, and phone. Their support is available 24/5 and is generally responsive, though some users report occasional delays in getting complex issues resolved.

Security

Which of these exchanges is for you?

Alejandro Borja

As an expert at our website, I recommend Trading212 for beginners and casual traders who are looking to explore the world of cryptocurrency trading in a secure and user-friendly environment. The platform’s ease of use, competitive fees, and strong regulatory oversight make it a reliable choice. However, if you’re an advanced trader seeking a wide variety of cryptocurrencies or specialized features like staking, you might find the platform somewhat limited. Nonetheless, Trading212 is an excellent starting point for anyone new to crypto trading.

Xavier Tarrasó

As a cryptocurrency enthusiast and expert at Threenvest, I highly recommend AvaTrade for its robust regulatory framework and user-friendly trading platforms. AvaTrade’s diverse range of trading instruments and excellent customer support make it a reliable choice for both new and experienced traders. While the selection of cryptocurrencies could be broader, and the inactivity fees lower, the overall security and ease of use make AvaTrade a strong contender in the world of crypto trading.

Read Trading212 review

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of Trading212 vs AvaTrade [ 2024 ]

Trading212

AvaTrade

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Trading212

AvaTrade

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Trading212 and AvaTrade