Trading 212

Fees:

  • Trading Commission: Free
  • Custody Fee: Free
  • FX Fee: 0.15%
  • Administrative Fees:
    • Statements: Free
    • Account Closure: Free
  • Government Taxes:
    • UK Stamp Duty: 0.5% (applied by the UK government on UK share purchases)

Offer:

Free Fractional Shares: New users receive free fractional shares after making a qualified account deposit.

Trading Platforms:

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Features
  • Commission-Free Investing: Trading 212 offers commission-free investing for stocks, ETFs, and fractional shares, making it accessible to a wide range of investors.
  • Fractional Shares: The platform allows users to invest as little as £1, enabling investors to buy portions of high-priced stocks like Google or Amazon.
  • Interest on Cash: Offers competitive interest rates, including 5.1% AER on GBP cash balances (starting from September 16, 2024), with daily interest payments.
  • Multi-Currency Accounts: Users can deposit and invest in 13 global currencies, helping them avoid foreign exchange (FX) fees.
  • ISA Accounts: Trading 212 offers a tax-efficient Stocks and Shares ISA with the same commission-free investing features.
  • 24/5 Fractional Share Trading: Trading 212 is the first platform to offer 24/5 trading in fractional shares.
  • Pies Feature: Users can build “pies” of selected stocks and ETFs to automate and diversify their portfolios.
  • Share Lending: The platform allows users to boost returns through a share-lending program.
Details

Trading 212 is a popular UK-based investment platform known for its commission-free model and accessibility. It offers a wide range of investment options, including stocks, ETFs, and fractional shares, with no minimum investment. The platform’s innovative features like “pies” for automated investing and multi-currency accounts make it ideal for both beginners and experienced traders. Trading 212 is regulated by the Financial Conduct Authority (FCA) in the UK and provides strong security features, such as FSCS protection up to £85,000.

Pros
  • Commission-Free Trading: No fees on stocks, ETFs, or fractional shares, which benefits all investors, especially those with smaller portfolios.
  • Fractional Investing: Allows users to invest in small portions of high-priced stocks, making expensive stocks accessible to everyone.
  • Competitive Interest Rates: 5.1% AER on GBP balances with daily payouts is a significant advantage for investors holding cash.
  • 24/5 Trading: Fractional shares can be traded 24/5, offering flexibility for investors worldwide.
  • Multi-Currency Accounts: Helps users avoid FX fees by allowing deposits and investments in multiple currencies.
  • Pies for Automated Investing: Users can build and automate their investments using customizable “pies,” offering flexibility and diversity.
Cons
  • Limited Advanced Features for Professional Traders: While great for beginners and casual investors, professional traders may find the platform lacks advanced features like algorithmic trading or in-depth research tools.
  • Share Lending Risks: While the share lending program can increase returns, it carries certain risks that more conservative investors may want to avoid.
  • No Desktop Application: Trading 212 is primarily app and web-based, which might not appeal to those who prefer desktop trading platforms.

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Disclosure

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Users are encouraged to carefully review the terms and conditions, fees, and features of any financial product to ensure it aligns with their individual financial goals and risk tolerance. Investing involves risks, and past performance does not guarantee future results.