Find out how they compare when we look at them one feature at a time.
Got a specific trade in mind? Pick your stock, select a quantity and our calculator will give you a guide to the total cost using each of these platforms. We regularly check fees, but bear in mind that stock prices, exchange rates and spreads fluctuate in real-time.
Stock
Quantity of shares
| Platform | Finder Score | Account fee | Min. initial deposit | Trade cost | Link |
|---|---|---|---|---|---|
 |
4.4 ★★★★★ |
£0 | £0 | £874.84 |
Go to siteCapital at risk
|
 |
4.7 ★★★★★ |
£0 | £1 | £871.01 |
Read reviewCapital at risk
|
Full comparison of share dealing platforms
| | |
| Finder score | ★★★★★ | ★★★★★ |
| Customer satisfaction survey | ★★★★★ | ★★★★★ |
| Stocks and shares ISA available? | ||
| FSCS protected? | ||
| Fees score | ★★★★★ | ★★★★★ |
| Keep in mind | Capital at risk | Capital at risk. 78% of retail CFD accounts lose money |
| Go to site More Info | More Info |
Freetrade’s free account doesn’t have an ISA, but you can invest in one with Freetrade Plus for £3 a month. Trading 212’s ISA is free.
In our 2021 customer satisfaction survey, Trading 212 customers found it to be a great platform that was easy to use and praised its low fees. Freetrade customers found it to be reliable and were happy with the low fees and quick transactions.
Both platforms are FSCS protected which means you’re covered for up to £85,000 of deposits if they were to go bust.
| | |
| 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. 78% of retail CFD accounts lose money |
| Go to site More Info | More Info |
You can trade on the most stock exchanges with Trading 212. Freetrade doesn’t get you access to Canadian stocks, stocks on the Deutsche Börse or the Euronext.
Winner: Trading 212
| | |
| Financial instruments score | ★★★★★ | ★★★★★ |
| Shares | ||
| ETFs | ||
| Bonds | ||
| Funds | ||
| Keep in mind | Capital at risk | Capital at risk. 78% of retail CFD accounts lose money |
| Go to site More Info | More Info |
Financial instruments are types of investment, such as shares, bonds, funds and ETFs. You can trade in shares and ETFs with both providers If you’re interested in funds or bonds, you’ll need a different provider – you can look at our comparison table below to compare providers.
Winner: Tie
| | |
| Fees score | ★★★★★ | ★★★★★ |
| Minimum deposit | £1 | £1 |
| Standard trading fee | £0 | £0 |
| Best trading fee | £0 | £0 |
| Foreign exchange fee | 0.59% | 0.15% |
| Keep in mind | Capital at risk | Capital at risk. 78% of retail CFD accounts lose money |
| Go to site More Info | More Info |
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 0.15% 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.
Winner: Trading 212
| | |
| Features rating | ★★★★★ | ★★★★★ |
| iPhone app | ||
| Android app | ||
| Desktop/web app | ||
| Notifications | ||
| Watch lists | ||
| Community or forums | ||
| Keep in mind | Capital at risk | Capital at risk. 78% of retail CFD accounts lose money |
| Go to site More Info | More Info |
Freetrade is mobile-app only. If you want desktop access then Trading 212 is a better bet for you. Both providers have an iPhone and Android app, notifications about share price changes, watch lists and some kind of community to share ideas.
Winner: Trading 212
| | |
| Resources rating | ★★★★★ | ★★★★★ |
| Guides | ||
| Videos and walkthroughs | ||
| Demo account | ||
| In-depth learning tools | ||
| Keep in mind | Capital at risk | Capital at risk. 78% of retail CFD accounts lose money |
| Go to site More Info | More Info |
Trading 212 has the most learning resources available. It’s got a demo account and a whole section of its website dedicated to helping you learn how to invest – with videos, walkthroughs and guides. Freetrade does have some in depth resources to learn about investing, including collections of guides, such as the basics of investing, how to build a portfolio, and a handy glossary of terms.
Trading 212’s demo account lets you 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 or use a demo account with a different provider first.
Winner: 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.
Reddit generally thinks that Trading 212 is the best of the two platforms due to 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.
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.
Vanguard and AJ Bell are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in AJ Bell vs Vanguard.
Nutmeg and Vanguard are both investment platforms with a lot to offer. We compare their fees, features, account types and more – side by side in Vanguard vs Nutmeg.
Fidelity and Vanguard are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in Fidelity vs Vanguard UK.
AJ Bell and Hargreaves Lansdown are both investment platforms with a lot to offer. We compare their features, fees, account types and more – side by side in AJ Bell vs HL.
eToro and Trading 212 allow you to buy and sell stocks and ETFs without paying a commission for trading using the platform.
Both Moneyfarm and Moneybox invest on your behalf using information about your risk appetite. Both let you invest in a stocks and shares ISA.
Find out what we thought of Vanguard’s stocks and shares ISA, what its pros and cons are, and the fees and charges for this low-cost investment option.
Stake promises to put the US stock market in the palm of your hand, with cheap trading and real-time market data.
Find out about AJ Bell’s trading platform and what services it provides. We’ve reviewed the fees, features and customer reviews.