Plum vs Trading212

Plum vs Trading 212 Comparison Table 2023
Plum	Trading 212
Review 3	Review 1.5
Traders from US not accepted	Traders from US not accepted See available CFD brokers
Plum is an financial app that empowers users to save and trade. The investing platform is available in 10 European countries with offices in the UK, Greece and Cyprus. Over 1.5 million clients and have invested more than £1 billion with the firm.	Trading 212 is a European-regulated CFD, stock and ETF broker that also offers ISA accounts. Traders can access markets through a proprietary trading platform and speculate on the movements of 1800+ tradeable instruments including forex, stocks, ETFs and commodities.
Comment by Reviewer
"Plum is a great option for traders looking for a user-friendly savings, budgeting and investment app. The £1 minimum deposit, pre-built funds and fractional shares will especially appeal to beginners."	"Trading212 falls short of the standards we expect from online brokers. A subpar mobile trading app and questionable changes to margin requirements have eroded user confidence. There are better alternatives for day traders."
Pros
Commission-free trading on 3000+ stocks with manual or automatic investments Pre-built funds based on a market sector or ESG initiatives with portfolio auto-rebalancing Savings account available with expenditure analysis and free withdrawals Interest rates on uninvested cash are competitive up to 4.21% AER Low minimum investment of £1 plus fractional shares Regulated by the FCA Bill provider analysis	Demo account with virtual funds Portfolio copy trading functionality Low minimum deposit requirement A suite of educational resources Commission-free trading across a range of assets
Cons
Monthly subscription fees apply to access the full suite of services and best trading conditions Limited price analysis features such technical indicators and custom charting for experienced traders Limited payment methods with bank transfer only Narrow product portfolio compared to alternatives The app is only available in European regions No demo account available	No access to MT4 or MT5 Execution-only brokerage with no managed account option Questionable operating practices and treatment of customers Some products such as options and cryptocurrency are not offered Low account and fund safety score
Instruments
Stocks, ETFs	Forex, CFDs, Indices, Shares, Commodities, ETFs
Demo Account
No	Yes
Minimum Deposit
£2	$1
Trading Platforms
Own	Own
Payment Methods
Wire Transfer	Apple Pay Credit Card Debit Card Giropay Google Wallet iDeal Mastercard PayPal Skrill Sofort Visa Wire Transfer
Minimum Trade
£1	0.01 Lots
Regulator
FCA	FCA, CySEC, FSC
Margin Trading
No	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
Yes	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
	AutoInvest portfolio
Copy Trading
No	Yes
Copy Trading Platform
	Trading 212 offers a portfolio copy trading service which is user-friendly and suitable for beginners
Social Trading
No	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
EUR GBP	USD EUR GBP CAD SEK NOK CHF CZK
Stock Exchanges
Euronext Japan Exchange Group London Metal Exchange New York Stock Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group S&P 500 SIX Swiss Exchange
Commodities
	Cocoa Coffee Copper Corn Cotton Gasoline Gold Lead Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
CFD trading not offered	Trade leveraged CFDs on thousands of instruments, including forex, equities, commodities, indices, bonds and futures. The selection of asset classes is decent, but the trading software, particularly the mobile app, lags behind competitors.
Leverage
	1:30
FTSE Spread
	2.5 points
GBPUSD Spread
	0.00028 pips
Oil Spread
	0.4 pips
Stocks Spread
	0.2% Var
Forex Trading
Forex trading not offered	Trade 170+ major, minor and exotic forex pairs with floating spreads and leverage up to 1:30. Forex futures are also available on some currency pairs. However the forex broker has a track record of amending margin requirements without appropriate notice.
Forex App
	Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
GBPUSD Spread
	0.00028 pips
EURUSD Spread
	0.00015 pips
EURGBP Spread
	0.00044 pips
Assets
	170+

Review	Review
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