DEGIRO vs Trading 212

Find out what we thought of these low-fee trading platforms.

Updated

Fact checked
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 72%-79.3% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Degiro Share Dealing

Degiro Share Dealing

  • Great for investors looking to buy and hold shares
  • Some of the lowest fees in the market
  • Access to millions of shares in international markets
  • Easy to buy and manage shares online
  • Capital at risk, investments may fall
Promoted

DEGIRO is a low-cost broker for share trading. It lets you purchase stocks, shares, investment trusts, bonds and ETFs. Trading 212 offers the opportunity to trade stocks without paying any fees. Free and low-cost share trading have become pretty popular recently with other companies such as Stake, Freetrade and eToro offering the chance to invest fee-free.

Find out what we thought when we compared them below.

DEGIRO vs Trading 212

DegiroTrading212
Overall rating★★★★★★★★★★
Markets and products rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Mobile and web features rating★★★★★★★★★★
Learning resources and tools rating★★★★★★★★★★
Keep in mind76% of retail CFD accounts lose money
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What markets and products do they cover?

DegiroTrading212
Rating★★★★★★★★★★
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Junior products
Fractional shares
Ethical investing
Keep in mind76% of retail CFD accounts lose money
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Mobile and web features

DegiroTrading212
Rating★★★★★★★★★★
Desktop/web app
iPhone app
Android app
Share price notifications
Keep in mind76% of retail CFD accounts lose money
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More Info
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Learning resources

DegiroTrading212
Rating★★★★★★★★★★
Guides and information on products available
Videos and walkthroughs
Demo account
Advice
Keep in mind76% of retail CFD accounts lose money
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DEGIRO vs Trading 212: costs

Trading 212 does not charge for anything but comes with restrictions on withdrawal and deposit amounts. DEGIRO is known to be a lower cost option, claiming to save you 86% on shares and 90% on ETFs.

You’d usually expect to spend upwards of £10 per transaction, which can minimise your potential returns. This is a good opportunity to try out share trading without spending a whole lot of money.

DEGIRO vs Trading 212: demo account

Trading 212 has a demo account available, meaning you can practise trading without using real money. Once you’ve got the hang of it, you can try it out for real! It lets you have a go without even giving up an email address. Of course, if you want to keep an eye on your imaginary stocks for days, weeks or months, you’ll have to sign up.

This is something that DEGIRO does not offer, so if you want to try before you buy, you’ll have to do so with a different platform.

DEGIRO vs Trading 212: Reddit users’ verdict

Reddit users like the low costs of using Trading 212, while DEGIRO charges fees, but tend to be a little hesitant as it’s newer to the game than DEGIRO. As Trading 212 only makes money from its CFD account, it is possible for the regular investment account and ISA to be free.

A really popular feature of Trading 212 is that you can trade fractional shares. Seemingly, Reddit users who prefer DEGIRO do so because they like that it is more widely established that Trading 212.

Our verdict: Is DEGIRO better than Trading 212?

These are both great options for low-cost trading, but, overall, Trading 212 probably comes out on top. There are benefits of using each one over the other, such as that you can open a stocks and shares individual savings account (ISA) with Trading 212 and that DEGIRO has been around for longer. DEGIRO isn’t a UK company, so you don’t have protection from the Financial Services Compensation Scheme, which would cover you if the company were to become insolvent. Additionally, Trading 212 has a demo account, which means you can give it a go before you commit.

Compare platforms similar to DEGIRO and Trading 212

Table: sorted by promoted deals first
Data indicated here is updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Hargreaves Lansdown stocks and shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Interactive Investor stocks and shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Saxo Markets stocks and shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity stocks and shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Data indicated here is updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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Data indicated here is updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
£2.95
£2.95
Zero platform fee
Your first 50 trades are free with Fineco, until 31/12/2020. T&Cs apply.
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. Capital at risk.
IG
0% commission on US shares, and £3 on UK shares
From £5
£0 - £24 per quarter
IG is good for experienced traders, and offers learning resources for beginners, all with wide access to shares, ETFs and funds. Capital at risk.
eToro Free Stocks
0% commission, no markup, no ticket fee, no management fee
N/A
Withdrawal fee & GDP to USD deposit conversion
Capital at risk. 0% commission but other fees may apply.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
No fees
Cashback offer: Take control of your money and transfer investments to HL – get cashback as a thank you. Terms apply.
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. Capital at risk.
Interactive Investor
From £7.99 on the Investor Service Plan
From £7.99 on the Investor Service Plan
No transfer fees or exit fees. £9.99 a month on the Investor Service Plan
Open an ISA, Trading Account or SIPP you will get £100 of free trades to buy or sell any investment (new customers only).
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Capital is at risk.
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Capital is at risk.

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