Plum vs Trading212
Plum | Trading 212 |
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3
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1.5
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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 | |
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Cons | |
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Instruments | |
Stocks, ETFs | Forex, CFDs, Indices, Shares, Commodities, ETFs |
Demo Account | |
No | Yes |
Minimum Deposit | |
£2 | $1 |
Trading Platforms | |
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Payment Methods | |
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 | |
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Stock Exchanges | |
Commodities | |
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.
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GBPUSD Spread | |
0.00028 pips | |
EURUSD Spread | |
0.00015 pips | |
EURGBP Spread | |
0.00044 pips | |
Assets | |
170+ | |
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