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 Trading 212 and eToro.
Trading 212 vs eToro Comparison
For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Trading 212 vs eToro.
Is Trading 212 a good broker?
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.
Is eToro a good broker?
EToro offers a wide range of assets and instruments and is well-known for its ‘social trading’ approach. It has among the lowest fees and best mobile app experiences of brokers we tested in the U.K., and offers a great starting point for those new to stock trading. Our analysis finds it better suited to short-term traders than long-term investors.
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, Trading 212 offers better pricing than eToro 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 eToro would cost £0 per year.
12 trades per year - Trading 212 would cost £0 per year, while eToro would cost £0 per year.
36 trades per year - Trading 212 would cost £0 per year, while eToro would cost £0 per year.
120 trades per year - Trading 212 would cost £0 per year, while eToro would cost £0 per year.
3 fund trades per year - Trading 212 would cost £1.0 per year, while eToro would cost £50.0 per year.
What type of trader are you?
Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.
How do Trading 212 and eToro compare in terms of minimum deposits required?
Trading 212 requires a minimum deposit of £1.0, while eToro requires a minimum deposit of £50.0. From our testing we found for accounts between £0 - £250,000 Trading 212 charges annual custody fees of £0, while eToro charges annual custody fees of £0.
Which broker offers a wider range of investment options?
Trading 212 offers investors access to ISA, Share Trading, CFD Trading, ETFs and Investment Trusts, while eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading. Neither have SIPP, Funds, Bonds - Corporate, Bonds - Government (Gilts), Spread Betting 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.
Do Trading 212 and eToro 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 Trading 212 offers traders access to ISA accounts, while eToro offers traders access to neither of these accounts. Neither have SIPP.
Do Trading 212 and eToro 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 Trading 212 nor eToro offer crypto investing.
Which broker offers a better website experience?
Our testing concluded that the website of eToro is better than the website of Trading 212. eToro 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 Trading 212 and eToro, we tested each broker's stock trading app. All features compared, our analysis finds that eToro offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.
Do Trading 212 and eToro 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 Trading 212 offers traders access to Education (Share Trading) and Education (Funds), while eToro offers access to Education (Share Trading). Neither have Client Webinars, Client Webinars (Archived) and Education (Retirement).
Overall winner: Trading 212
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