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Trading 212 vs Bestinvest 2024

StockBrokers.com

Written by StockBrokers.com

August 06, 2024

In this head to head comparison of Trading 212 vs Bestinvest, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.

Trading 212
4.5/5 Stars Overall
  • Minimum Deposit: £1
  • ISA: Yes
  • SIPP: No
Bestinvest
4/5 Stars Overall
  • Minimum Deposit: £50
  • ISA: Yes
  • SIPP: Yes

Fees

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, Trading 212 offers better pricing than Bestinvest 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 - Trading 212 would cost £0 per year, while Bestinvest would cost £144.75 per year.

12 trades per year - Trading 212 would cost £0 per year, while Bestinvest would cost £119.40 - £179.40 per year.

36 trades per year - Trading 212 would cost £0 per year, while Bestinvest would cost £238.20 - £357.60 per year.

120 trades per year - Trading 212 would cost £0 per year, while Bestinvest would cost £654 - £714 per year.

3 fund trades per year - Trading 212 would cost £1 per year, while Bestinvest would cost £50 per year.

query_stats What type of trader are you?

New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.

Investment Choices

When it comes to choosing an online broker, comparing investment options like those offered by Trading 212 and Bestinvest can be crucial. Both platforms provide share trading and the opportunity to trade ETFs and investment trusts, allowing investors to diversify their portfolios. However, they differ in some key areas. Trading 212 supports CFD trading, which may appeal to those interested in derivatives, whereas Bestinvest offers fund trading and advisor services, catering to users seeking managed portfolios and professional guidance.

Neither platform offers crypto trading, spread betting, or trading of corporate and government bonds. Despite their differences, both Trading 212 and Bestinvest receive a solid rating of 4.5 stars for investment choices on UK.StockBrokers.com, reflecting their appeal to investors seeking diverse options. Trading 212 holds an 11th place ranking out of 18 brokers for investment choices, but Bestinvest's ranking is not available. Ultimately, the decision to choose between these two platforms should depend on your specific investment strategies and the additional services you might require.

Feature Trading 212 logoTrading 212
Bestinvest logoBestinvest
Share Trading info Yes Yes
CFD Trading info Yes No
ETFs info Yes Yes
Funds info No Yes
Bonds - Government (Gilts) info No No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No Yes
Investment Choices 4.5/5 Stars 4.5/5 Stars

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Trading Tools

When comparing trading tools between Trading 212 and Bestinvest, there are distinct differences to note. Trading 212 stands out with an impressive arsenal of 27 drawing tools and 106 technical indicators for charting, compared to Bestinvest's modest offer of 9 drawing tools and 36 technical indicators. Both platforms support the addition of notes to charts and allow the creation of alerts for stock price updates. However, Trading 212 edges ahead by providing real-time market data, whereas Bestinvest does not offer this feature.

In terms of chart overlays, Bestinvest has the upper hand by allowing stock overlays on charts, while Trading 212 does not offer this option. Neither platform provides the capability to display corporate events like earnings and dividends directly on charts or add index overlays. On the whole, both Trading 212 and Bestinvest operate through browser-based trading platforms, providing flexible and accessible trading solutions for users.

Feature Trading 212 logoTrading 212
Bestinvest logoBestinvest
Web Platform info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 106 36
Charting - Drawing Tools info 27 9
Charting - Notes info Yes Yes
Charting - Display Corporate Events info No No
Charting - Stock Overlays info No Yes
Charting - Index Overlays info No No

ISAs and SIPPs

When comparing online brokers, Trading 212 and Bestinvest both offer ISA accounts, allowing users to make tax-efficient investments. However, for those looking to open a Self-Invested Personal Pension (SIPP) account, Bestinvest is the clear choice as it provides this retirement savings option, while Trading 212 does not offer SIPP accounts. This distinction may be important for investors planning their retirement strategies, as SIPPs offer flexibility in managing and choosing investments for retirement. By understanding these differences, you can make a better-informed decision based on your individual investment goals.

Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.

Mobile App

When comparing the mobile app offerings of Trading 212 and Bestinvest, both platforms provide apps for iPhone and Android users. Trading 212's app shines with a 5-star rating from UK.StockBrokers.com, making it a top choice among users, and is ranked #9 out of 18 brokers for mobile app performance. In contrast, Bestinvest's mobile app holds a 3.5-star rating, though its specific ranking was not listed. This suggests that Trading 212 may offer a more superior mobile trading experience compared to Bestinvest.

Dive deeper: Best Stock Trading Apps UK.

Beginners and Education

When comparing Trading 212 and Bestinvest for beginner investor educational resources, there's a noticeable difference in offerings. Bestinvest excels by providing educational client webinars, both live and archived for on-demand viewing, which Trading 212 does not offer. Both platforms cover the topics of share trading and funds, but only Bestinvest extends its education to retirement planning. According to UK.StockBrokers.com, Trading 212 has a commendable beginner education rating of 4 stars and holds the 11th spot out of 18 brokers. In contrast, Bestinvest boasts a superior 5-star rating, emphasizing its strength in educational resources for new investors.

Feature Trading 212 logoTrading 212
Bestinvest logoBestinvest
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info No Yes
Education 4/5 Stars 5/5 Stars

Dive deeper: Best UK Trading Platforms for Beginners.

Market Research

When comparing Trading 212 and Bestinvest for their market research features, both platforms offer research tools for shares and ETFs, catering to investors looking to analyze stocks and exchange-traded funds. Additionally, both provide insights into portfolio allocation by asset class, helping users understand how their investments are distributed. Notably, Bestinvest stands out for offering research reports on funds, an area where Trading 212 falls short. Conversely, Trading 212 provides research on CFDs, a feature missing from Bestinvest. Neither platform offers research on bonds. Overall, Bestinvest may appeal more to those focused on fund research, while Trading 212 offers broader options for traders interested in CFDs.

Feature Trading 212 logoTrading 212
Bestinvest logoBestinvest
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - ETFs info Yes Yes
Research - Bonds info No No
Research - Funds info No Yes
Fund Research - Research Reports info No Yes
Portfolio Allocation Breakdown info Yes Yes

Trading 212 vs Bestinvest Winner

Which broker is better overall, Trading 212 or Bestinvest? After collecting more than 900 data points over a 10-week period, we found Trading 212 to be a better trading platform overall.

Trading 212 offers commission-free share dealing and is a great option for those looking to simply execute share or ETF trades. Novice investors or those looking for more diversification through mutual funds may find better options elsewhere.

Feature Trading 212 logoTrading 212
Bestinvest logoBestinvest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 4.5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 5/5 Stars

FAQs

Can you trade cryptocurrency with Trading 212 or Bestinvest?

Both Trading 212 and Bestinvest do not offer crypto trading, making them similar options for investors seeking a platform without cryptocurrency features.

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Compare

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Overall Rating Trading 212 Bestinvest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 4.5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 5/5 Stars
Review Trading 212 Review Bestinvest Review
Winner check_circle
Investments Trading 212 Bestinvest
ISA info Yes Yes
SIPP info No Yes
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info No Yes
ETFs info Yes Yes
Bonds - Corporate info No No
Bonds - Government (Gilts) info No No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees Trading 212 Bestinvest
Minimum Deposit info £1 £50
Share Trading: 0-9 Deals/ Month info £0 £0 - £4.95
Share Trading: 10-19 Deals/ Month info £0 £0 - £4.95
Share Trading: 20+ Deals/ Month info £0 £0 - £4.95
5 trades per year (£30k portfolio) info £0 £144.75
12 trades per year (£30k portfolio) info £0 £119.40 - £179.40
36 trades per year (£30k portfolio) info £0 £238.20 - £357.60
120 trades per year (£30k portfolio) info £0 £654 - £714
3 fund trades per year (£30k portfolio) info £0 £60 or £120
Annual Custody Fee: £0 - £250,000 info £0 Up to £500 or £1,000
Annual Custody Fee: £250K-£500K info £0 £500 - £1,000
Annual Custody Fee: £500,000 - £1m info £0 £100 - £1,000
Annual Custody Fee: £1m and over info £0 £0
Bonds - Corporate - Fee info N/A £4.95
Bonds - Government (Gilts) - Fee info N/A £4.95
ETFs - Fee info 0 £4.95
Investment Trusts - Fee info 0 £4.95
Telephone Dealing Fee info N/A £30
Broker Screenshots Trading 212 Bestinvest
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Trading 212 Bestinvest
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 106 36
Charting - Drawing Tools info 27 9
Charting - Notes info Yes Yes
Charting - Display Corporate Events info No No
Charting - Stock Overlays info No Yes
Charting - Index Overlays info No No
Research Trading 212 Bestinvest
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info No Yes
Fund Research - Research Reports info No Yes
Research - ETFs info Yes Yes
Research - Bonds info No No
Portfolio Allocation Breakdown info Yes Yes
Education Trading 212 Bestinvest
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info No Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Overall Summary Trading 212 Bestinvest
Overall Rating 4.5/5 Stars 4/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 4.5/5 Stars
Mobile App 5/5 Stars 3.5/5 Stars
Website 4.5/5 Stars 4/5 Stars
Ease of Use 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 5/5 Stars
Review Trading 212 Review Bestinvest Review
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