Comparison Trading 212 vs UFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Trading 212 vs UFX. Which of them: Trading 212 or UFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Trading 212 on regular transactions of the stock exchange is 0, and UFX has a commission fee of from 90 pips. Now, let’s compare commission fees in Forex, the commission fee of Trading 212 is 0.8 average spread for EUR/USD, and the commission fee of UFX is 3 pips. When analyzing commission fees in CFD: Trading 212 provides fees built into spreads, and UFX provides from 50 pips. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading are provided to customers by Trading 212 and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. As for platforms, Trading 212 offers Web Platform, Android App, iOS App, while UFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Trading 212 was established in 2004 in Bulgaria, and it is regulated by FCA, FSC. And UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. We can withdraw funds from Trading 212 with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is 0. And UFX provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The withdrawal time for Trading 212 is 0-5 days, and that one for UFX is up to 10 business days.
Overall, Trading 212 boasts 4.3 stars versus UFX 3.6 stars.