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Bestinvest vs Robinhood UK 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

Is Bestinvest better than Robinhood UK? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Bestinvest is better than Robinhood UK. Bestinvest is a very good broker that should appeal to a wide range of investors. Fees are competitive, particularly if you invest in funds or US shares, and the investment options are extensive. The Bestinvest platform is relatively easy to use and the offer of a free 45 minute session with a financial coach can be a useful starting point for newer investors. Bestinvest is also a great option for a Junior SIPP, as it is one of very few UK brokers offering children’s pensions and with a low entry point.

Select Brokers

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  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxBestinvest
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Stanley Direct
  • check_box_outline_blankcheck_boxCMC Invest
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity International
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxRevolut
  • check_box_outline_blankcheck_boxRobinhood UK
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVanguard UK Investor
  • check_box_outline_blankcheck_boxWebull
  • check_box_outline_blankcheck_boxXTB

Compare

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Overall Rating Bestinvest Robinhood UK
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 4.5/5 Stars 3/5 Stars
Mobile App 3.5/5 Stars 4/5 Stars
Website 4/5 Stars 3.5/5 Stars
Ease of Use 4/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Bestinvest Review Robinhood UK Review
Winner check_circle
Investments Bestinvest Robinhood UK
ISA info Yes No
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info No No
Funds info Yes No
ETFs info Yes No info
Bonds - Corporate info No No
Bonds - Government (Gilts) info No No
Investment Trusts info Yes No
Spread Betting info No No
Crypto Trading info No No
Advisor Services info Yes No
Trading Fees Bestinvest Robinhood UK
Minimum Deposit info £50 £0
Share Trading: 0-9 Deals/ Month info £0 - £4.95 £0
Share Trading: 10-19 Deals/ Month info £0 - £4.95 £0
Share Trading: 20+ Deals/ Month info £0 - £4.95 £0
5 trades per year (£30k portfolio) info £144.75 £0
12 trades per year (£30k portfolio) info £119.40 - £179.40 £0
36 trades per year (£30k portfolio) info £238.20 - £357.60 £0
120 trades per year (£30k portfolio) info £654 - £714 £0
3 fund trades per year (£30k portfolio) info £60 or £120 N/A
Annual Custody Fee: £0 - £250,000 info Up to £500 or £1,000 £0
Annual Custody Fee: £250K-£500K info £500 - £1,000 £0
Annual Custody Fee: £500,000 - £1m info £100 - £1,000 £0
Annual Custody Fee: £1m and over info £0 £0
Bonds - Corporate - Fee info £4.95 N/A
Bonds - Government (Gilts) - Fee info £4.95 N/A
ETFs - Fee info £4.95 £0
Investment Trusts - Fee info £4.95 N/A
Telephone Dealing Fee info £30 N/A
Broker Screenshots Bestinvest Robinhood UK
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Bestinvest Robinhood UK
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 36 3
Charting - Drawing Tools info 9 0
Charting - Notes info Yes No
Charting - Display Corporate Events info No No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info No No
Research Bestinvest Robinhood UK
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes No
Fund Research - Research Reports info Yes No
Research - ETFs info Yes Yes
Research - Bonds info No No
Portfolio Allocation Breakdown info Yes No
Education Bestinvest Robinhood UK
Education (Share Trading) info Yes Yes
Education (Funds) info Yes No
Education (Retirement) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary Bestinvest Robinhood UK
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 4.5/5 Stars 3/5 Stars
Mobile App 3.5/5 Stars 4/5 Stars
Website 4/5 Stars 3.5/5 Stars
Ease of Use 4/5 Stars 4.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Bestinvest Review Robinhood UK Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Bestinvest and Robinhood UK.

Bestinvest vs Robinhood UK Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Bestinvest vs Robinhood UK.

Is Bestinvest a good broker?

Bestinvest is a very good broker that should appeal to a wide range of investors. Fees are competitive, particularly if you invest in funds or US shares, and the investment options are extensive. The Bestinvest platform is relatively easy to use and the offer of a free 45 minute session with a financial coach can be a useful starting point for newer investors. Bestinvest is also a great option for a Junior SIPP, as it is one of very few UK brokers offering children’s pensions and with a low entry point.

Is Robinhood UK a good broker?

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Bestinvest offers better pricing than Robinhood UK for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - Bestinvest would cost £144.75 per year, while Robinhood UK would cost £0 per year.

12 trades per year - Bestinvest would cost £119.40 - £179.40 per year, while Robinhood UK would cost £0 per year.

36 trades per year - Bestinvest would cost £238.20 - £357.60 per year, while Robinhood UK would cost £0 per year.

120 trades per year - Bestinvest would cost £654 - £714 per year, while Robinhood UK would cost £0 per year.

3 fund trades per year - Bestinvest would cost £50 per year, while Robinhood UK would cost £0 per year.

query_stats What type of trader are you?

New to the world of investing? See my picks for the best UK trading platforms for beginners. More experienced traders should check out my guide to the best UK Trading Platforms for Active Traders. If you're looking to trade shares on the go, read my guide to the best UK stock trading apps.

How do Bestinvest and Robinhood UK compare in terms of minimum deposits required?

Bestinvest requires a minimum deposit of £50, while Robinhood UK requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 Bestinvest charges annual custody fees of Up to £500 or £1,000, while Robinhood UK charges annual custody fees of £0.

Which broker offers a wider range of investment options?

Bestinvest offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Investment Trusts and Advisor Services, while Robinhood UK offers investors access to Share Trading. Neither have CFD Trading, Bonds - Corporate, Bonds - Government (Gilts), Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Do Bestinvest and Robinhood UK offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Bestinvest offers traders access to SIPP and ISA accounts, while Robinhood UK offers traders access to neither of these accounts.

Do Bestinvest and Robinhood UK offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Bestinvest nor Robinhood UK offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Bestinvest is better than the website of Robinhood UK. Bestinvest offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Bestinvest and Robinhood UK, we tested each broker's stock trading app. All features compared, our analysis finds that Bestinvest offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Bestinvest and Robinhood UK offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Bestinvest offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement), while Robinhood UK offers access to Education (Share Trading).

Overall winner: Bestinvest

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