Trading 212 vs DEGIRO 2023

Trading 212 offers low-cost trading without lots of bells and whistles. Though tools, research and investments are limited, its user-friendliness and pricing may be an attractive option for the beginner trader.

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

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, DEGIRO offers better pricing than Trading 212 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 DEGIRO would cost £13.75 per year.

12 trades per year - Trading 212 would cost £0 per year, while DEGIRO would cost £33 per year.

36 trades per year - Trading 212 would cost £0 per year, while DEGIRO would cost £99 per year.

120 trades per year - Trading 212 would cost £0 per year, while DEGIRO would cost £330 per year.

3 fund trades per year - Trading 212 would cost £1.0 per year, while DEGIRO would cost £0.0 per year.

Trading 212 requires a minimum deposit of £1.0, while DEGIRO requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Trading 212 charges annual custody fees of £0 (Other Fees Apply), while DEGIRO charges annual custody fees of 0.20%.

Trading 212 offers investors access to ISA, Share Trading, CFD Trading and ETFs, while DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have SIPP, 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 Trading 212 offers traders access to ISA accounts, while DEGIRO offers traders access to neither of these accounts. Neither have SIPP.

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 Trading 212 and DEGIRO offer crypto investing.

Our testing concluded that DEGIRO is better for research than Trading 212. DEGIRO offers more research options, including research reports, articles, and analyst ratings.

To compare the trading platforms of both Trading 212 and DEGIRO, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Trading 212 offers a better share dealing platform and Trading 212 offers a better stock app for mobile trading.

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 both Trading 212 and DEGIRO offer Education (Share Trading). Neither have Client Webinars, Client Webinars (Archived), Education (Funds) and Education (Retirement).