Freetrade vs Trading 212

Which is better, Trading 212 or Freetrade? We compare them in detail below.

Updated

Fact checked

Both Freetrade and Trading 212 offer the opportunity to trade stocks without paying any fees. This has recently become pretty popular in the world of investing, with other companies such as Stake and eToro offering the chance to invest fee-free. Freetrade lets you buy individual UK and US stocks and exchange-traded funds (ETFs). Trading 212 allows you to trade over 1,800 instruments (not the musical type). These include cryptocurrencies, stocks, commodities and currencies.

So, how do Freetrade and Trading 212 compare?

Freetrade vs Trading 212

FreetradeTrading212
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
Go to site
More Info

What markets and products do they cover?

FreetradeTrading212
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
Go to site
More Info

Mobile and web features

FreetradeTrading212
Rating★★★★★★★★★★
Desktop/web app
iPhone app
Android app
Share price notifications
Keep in mind76% of retail CFD accounts lose money
Go to site
More Info

Learning resources

FreetradeTrading212
Rating★★★★★★★★★★
Guides and information on products available
Videos and walkthroughs
Demo account
Advice
Keep in mind76% of retail CFD accounts lose money
Go to site
More Info

Freetrade vs Trading 212: costs

Both of these platforms are free, which means there aren’t any standard costs or charges for trades, this makes it pretty difficult to compare the costs.

While Trading 212 has virtually no charges for anything, other than a 0.5% foreign exchange fee and some restrictions on withdrawal and deposit amount. Freetrade does have a couple of charges, such as a spot rate and 0.45% foreign exchange fee if you choose to buy shares in other countries. There’s also a charge to use its stocks and shares individual savings account and a £5 charge if you need a same-day withdrawal.

This is still a tiny amount in fees compared to other stock trading platforms. 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.

Freetrade 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 Freetrade does not offer – meaning you have to dive into the real thing straight away.

Our verdict: Is Freetrade better than Trading 212?

These are both great options for free trading. Trading 212 is a little bit more complicated than Freetrade is, but it does have the demo account that you can have a go with before getting started. There aren’t any pre-made portfolios available though, so if you’re not keen on creating your own, neither of these would be suitable for you.

Freetrade vs Trading 212: Reddit’s verdict

Reddit generally thinks that Trading 212 is the best of the two platforms due it charging no commission and offering fractional shares. Most people thought it offered more stocks, and those that it doesn’t offer can be added quickly on your request.

Table: sorted by promoted deals first
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.
loading

Compare up to 4 providers

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.
loading

Compare up to 4 providers

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.
loading

Compare up to 4 providers

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.

More guides on finder

  • Invest in gold ETFs

    Find out about gold ETFs, what influences their prices, how you can trade them and whether they could be worth your weight in gold.

  • How to invest in soybeans

    Soybeans are a popular commodity to invest in. Usually you would invest in soybeans with futures, but you can also invest in futures options and exchange-traded funds (ETFs).

  • Best performing funds 2020

    Find out which funds have performed the best over the last 5 years.

  • FinecoBank UK review

    FinecoBank is one of Europe’s largest banks. It’s been around since 1999 and specialises in brokerage. With Fineco you can trade contracts for difference (CFDs), futures, stocks, currencies, bonds, exchange-traded funds (ETFs), options and funds.

  • Where to buy face masks for kids | Buy child sized masks

    Find out where to buy coronavirus masks for kids including both junior and youth sizes from in-stock UK retailers.

  • DEGIRO vs Trading 212

    Trading 212 and DEGIRO are both low-fee options with a great choice of stocks, shares and ETFs to invest in.

  • eToro vs Trading 212

    eToro and Trading 212 allow you to buy and sell stocks, ETFs, cryptocurrencies, commodities and currencies, without any fees.

  • How to invest in US stocks from the UK

    It’s relatively easy to buy US stocks from the UK, but what is the best way to do? Compare platforms, fees and options here.

  • Trading 212 review

    We review the features and costs of Trading 212, an investment platform designed to teach you about investing and let you buy shares with zero fees.

  • IG review | Share dealing, ISAs and smart portfolios, explained

    We take a look at IG investment platform to find out the features, pros and cons. IG is a trusted provider and is an established FTSE250 company that’s been running for 45 years.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site