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. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Dodl vs Trading 212
We compare AJ Bell's new investment app, Dodl, against Trading 212. See who came out on top.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 70.8%-86.4% 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.
Dodl vs Trading 212: Vital statistics
 |  | |
| Finder rating | ★★★★★ | ★★★★★ |
| Customer satisfaction rating | ★★★★★ | ★★★★★ |
| Stocks and shares ISA available? | ||
| FSCS protected? | ||
| Costs rating | ★★★★★ | ★★★★★ |
| Keep in mind | Capital at risk | Capital at risk. 83% of retail CFD accounts lose money |
| More Info | More Info |
You can invest in a pension and a lifetime ISA LISA) With Dodl, but not Trading 212. A LISA lets you save up to £4,000 per year for your first home or for retirement. The government contributes £1,000 for every £4,000 invested.
Round 1: Stock exchanges
| | |
| Exchanges covered score | ★★★★★ | ★★★★★ |
| UK - London Stock Exchange | ||
| US - NASDAQ | ||
| US - New York Stock Exchange | ||
| Canada - Toronto Stock Exchange | ||
| Japan - Japan Exchange Group | ||
| Euronext | ||
| Germany - Deutsche Börse | ||
| Keep in mind | Capital at risk | Capital at risk. 83% of retail CFD accounts lose money |
| More Info | More Info |
- Winner: Trading 212
Round 2: Financial instruments
| | |
| Financial instruments score | ★★★★★ | ★★★★★ |
| Shares | ||
| ETFs | ||
| Bonds | ||
| Funds | ||
| Keep in mind | Capital at risk | Capital at risk. 83% of retail CFD accounts lose money |
| More Info | More Info |
- Winner: Trading 212
Round 3: Fees
| | |
| Costs rating | ★★★★★ | ★★★★★ |
| Platform fees | 0.15% | 0 |
| Minimum deposit | £0 | £1 |
| Standard trading fee | £0 | £0 |
| Best trading fee | £0 | £0 |
| Foreign exchange fee | 0% | 0.15% |
| Keep in mind | Capital at risk | Capital at risk. 83% of retail CFD accounts lose money |
| More Info | More Info |
- Winner: Trading 212
Round 4: Mobile and web features
| | |
| Features rating | ★★★★★ | ★★★★★ |
| iPhone app | ||
| Android app | ||
| Desktop/web app | ||
| Notifications | ||
| Watch lists | ||
| Community or forums | ||
| Keep in mind | Capital at risk | Capital at risk. 83% of retail CFD accounts lose money |
| More Info | More Info |
Dodl is app-only, while Trading 212 lets you trade on desktop as well. You can receive notifications on both platforms about how your investments are getting on. Dodl doesn’t let you create watch lists or have forums available, which Trading 212 offers.
- Winner: Trading 212
Round 5: Learning resources
| | |
| Resources rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos and walkthroughs | ||
| Demo account | ||
| In-depth learning tools | ||
| Keep in mind | Capital at risk | Capital at risk. 83% of retail CFD accounts lose money |
| More Info | More Info |
When it comes to learning resources, both providers are doing pretty well — we really like what Dodl is doing, it’s got a “learn” tab on the app with guides and in-depth tools that can help you get started, which we think is vital for a beginner investment platform. Trading 212 lets users open a demo account to give trading a go, its video content and walkthroughs are exceptional.
- Winner: Trading 212
Overall winner: Is Dodl better than Trading 212?
While Dodl is definitely on its way to becoming a great investment platform, it’s not quite there yet. Trading 212 is the clear winner between these apps, with lower fees, a larger selection of investments, great tools and fantastic learning resources.
We think Dodl could have performed better in our comparison if it had more investments available on its platform and offered desktop trading. We think Dodl’s learning resources are great for beginner investors.
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