BUX and Trading 212 are two good broker platforms that you can use in your trading. But which is better? Which of the two platforms will charge you lesser fees? Which should you trust more in terms of security? Which gives you the best access to the most array of trading instruments?
Which has the most advantages that will come in handy in your trading. Let’s find out.
BUX started as a European Technology Company established in 1991. However, in 2014, the BUX trading platform was launched. Since then, the platform has seen millions in streams of users and has been debated as one of the most ideal platforms for engaging the financial markets.
There is no doubt about its legitimacy. Top-tier regulatory bodies regulate the broker platform. These include the FCA (Financial Conduct Authority) and the AFM (Dutch Authority for the Financial Markets).
Trading 212 is a UK-based brokerage firm that stems from Avus Capital UK Ltd. and Avus Capital Ltd. The Financial Conduct Authority regulates the two parent bodies. Hence, Trading 212 is regulated by the same body by extension. The brokerage firm specializes in giving millions of registered users access to multiple tradable instruments. The broker has been offering commission-free trading to UK investors since 2017 and continually allows its registered users to trade for free with no limits to the trading value.
Trading 212 is also wildly known for its CFD offerings on most asset classes.
BUX Vs. Trading 212 Comparison
BUX employs a detailed and transparent system in its fee structure. BUX does not charge users any non-trading fee. Also, the fees on individual trades are low compared to competitor brokers. However, BUX charges a high fee for inactivity on the platform.
Trading 212 charges some commission on traded CFDs. It also charges some broker fee in the form of spread paid on individual trades.
BUX supports multiple currency deposits and does not charge any fee on deposits and withdrawals.
Trading 212 charges a small commission on every deposit made on the platform. This can range between 0.6% to 3.5%. The commission varies with the selected payment methods.
BUX can be traded with the BUX App downloadable on Google Play Store or Apple Store. The application is compatible with Android and iOS devices.
Trading 212’s trading platform does not incorporate MetaTrader 4 in its trading. Instead, the brokerage firm has its interface that is easy to use and also provides all the necessary materials needed for a smooth and profitable trading experience. Click here to visit Trading 212.
Which is better: BUX or Trading 212
BUX and Trading 212 have shown themselves to be two reputable brokerage firms regulated by some of the world’s most trusted authorities. But when it comes to their features, which has proven itself to be the better of the duo? It is indeed a close call.
Although BUX charges a high inactivity fee on trading accounts, the other trading fees are competitively low. BUX will be perfect for you if you have no intention of abandoning your account at any given time.
Trading 212, on the other hand, has relatively high charges on trades. Their commissions on CFD stocks are relatively much. They also charge deposit fees, though minimal. These charges might not be so suitable for the neophyte trader.
As such, it would be advisable to go with BUX and not Trading 212.
Click here to visit the BUX official website and begin your trading experience.