CMC Invest vs Robinhood UK 2024

CMC Invest offers commission-free trading of U.K.-listed shares and U.S. equities via a mobile app only. Though a newer entrant to the U.K. share dealing market and currently somewhat limited, it’s powered by global contender CMC Markets, making it likely that its offerings will expand.

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, CMC Invest 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 - CMC Invest would cost £0 / £120 / £300 per year, while Robinhood UK would cost £0 per year.

12 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Robinhood UK would cost £0 per year.

36 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Robinhood UK would cost £0 per year.

120 trades per year - CMC Invest would cost £0 / £120 / £300 per year, while Robinhood UK would cost £0 per year.

3 fund trades per year - CMC Invest would cost £0 per year, while Robinhood UK would cost £0 per year.

CMC Invest requires a minimum deposit of £0, while Robinhood UK requires a minimum deposit of £0. From our testing we found for accounts between £0 - £250,000 CMC Invest charges annual custody fees of £120, while Robinhood UK charges annual custody fees of £0.

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

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 CMC Invest offers traders access to SIPP and ISA accounts, while Robinhood UK offers traders access to neither of these accounts.

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 CMC Invest nor Robinhood UK offer crypto investing.

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

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

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 CMC Invest offers traders access to Education (Share Trading), Education (Funds) and Education (Retirement), while Robinhood UK offers access to Education (Share Trading). Neither have Client Webinars and Client Webinars (Archived).