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Trading 212 is a popular trading platform in the UK. It’s got it all, really – a demo account that lets you practice, the ability to make use of a stocks and shares ISA and a range of different tools to help you research stocks and make trades. You can invest in stocks and exchange traded funds (ETFs) without paying any commission.
We’ve compared Trading 212’s features against all of the other providers we’ve reviewed to help you find similar providers. Trading 212 isn’t taking on new customers, so it’s worth finding an alternative platform to use instead — here are some platforms with similar features and fees.
eToro: Trading 212’s closest alternative
Finder score | ★★★★★ | ★★★★★ |
---|---|---|
Customer satisfaction survey | ★★★★★ | ★★★★★ |
FSCS protected? | ||
Stocks and shares ISA available? | ||
Standard trading fee | £0 | £0.00 |
Foreign exchange fees | 0.15% | 0.75% |
UK - London Stock Exchange | ||
US - New York Stock Exchange | ||
US - NASDAQ | ||
App | ||
Desktop or web access | ||
Keep in mind | Capital at risk. 78% of retail CFD accounts lose money | Capital at risk. 51% of retail CFD accounts lose money |
More Info | Go to site More Info |
eToro is a very similar platform to Trading 212. Both providers let you invest in the main stock exchanges, although Trading 212 does have a few additional ones. Like Trading 212, eToro offers commission-free stock trading and has a huge range of shares available to invest in. An additional feature that eToro has is social trading, which lets you copy other people’s trades.
You can’t invest in an individual savings account (ISA) with eToro, so you may have to pay capital gains tax on any profits over £3,000 in each tax year. If you’d like to find out more about eToro, we have a full review.
Freetrade: an alternative with an ISA
Finder score | ★★★★★ | ★★★★★ |
---|---|---|
Customer satisfaction survey | ★★★★★ | ★★★★★ |
FSCS protected? | ||
Stocks and shares ISA available? | ||
Standard trading fee | £0 | £0 |
Foreign exchange fees | 0.15% | 0.99% |
UK - London Stock Exchange | ||
US - New York Stock Exchange | ||
US - NASDAQ | ||
App | ||
Desktop or web access | ||
Keep in mind | Capital at risk. 78% of retail CFD accounts lose money | Capital at risk |
More Info | Go to site More Info |
Freetrade is another great alternative to Trading 212, and is a particularly good one if you want to invest in an individual savings account, which lets you invest up to £20,000 in each tax year without having to pay any tax on your profits. Freetrade has a slick interface and is really easy to use, with lots of shares available to invest in without paying any commission.
One main difference between Trading 212 and Freetrade is that Freetrade doesn’t offer desktop trading. It’s testing the feature with some of its Plus users, so desktop trading could be coming soon.
Read our full review of Freetrade to find out more, including the features available and more information about its fee structure.
Stake: a good alternative for US shares
Finder score | ★★★★★ | ★★★★★ |
---|---|---|
Customer satisfaction survey | ★★★★★ | ★★★★★ |
FSCS protected? | ||
Stocks and shares ISA available? | ||
Standard trading fee | £0 | £0 |
Foreign exchange fees | 0.15% | 0.5% |
UK - London Stock Exchange | ||
US - New York Stock Exchange | ||
US - NASDAQ | ||
App | ||
Desktop or web access | ||
Keep in mind | Capital at risk. 78% of retail CFD accounts lose money | Capital at risk |
More Info | More Info |
Stake is a good alternative to Trading 212 if you’re only interested in US shares. You can’t buy shares on any other stock exchanges. It doesn’t have an ISA available, either, so if you’ve not used your ISA allowance for the year yet, this provider may not be for you.
It has commission-free investing, lets you buy fractional shares and has exchange-traded funds.
You can read our review of Stake to find out more about it.
Bottom line
Trading 212 currently has a waitlist, so if you’re keen to get started with investing then you might want to find a Trading 212 alternative to use in the meantime. We think eToro, Stake and Freetrade are all good alternatives, but if you’re still searching for a trading app, you can check out our comparison table where you’re able to filter the results by the features that are important to you.
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