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Elana Trading vs Trading 212 vs Karoll

Choose up to four firms. We compare what matters when things go wrong: licences, compensation, legal protections, track record, then platforms and products.

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FirmElana TradingTrading 212Karoll
Protection Score 55 70 55
Licence statusEU/EEA licenceEU/EEA licenceEU/EEA licence
European licencesFSC FCA FSC CySEC FSC
Other licences
Compensation via EU/UK/CH entity
FSC: At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim).
FCA: Up to £85,000 per person per firm for investments
FSC: At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim).
CySEC: 90% of the covered claim, capped at €20,000 per investor
FSC: At least €20,000 per investor (EU minimum under the Investor Compensation Schemes Directive 97/9/EC; schemes may cover 90% of the claim).
Negative balance protection (retail)Yes, by law via EU/UK entityYes, by law via EU/UK entityYes, by law via EU/UK entity
Headquarters Bulgaria United Kingdom Bulgaria
Founded—2004—
TypeShare & ETF brokersShare & ETF brokersShare & ETF brokers
Listed / bank———
PlatformsOwn platform, MetaTrader 4Own platformOwn platform
ProductsStocks, Forex, CFDsStocks, ETFs, CFDsStocks, Bonds, Funds
FeaturesProfessional accountsSavings plans, Fractional sharesProfessional accounts
Full profileFull profileFull profile

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