Fineco Bank vs Trading 212 2023

For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.

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.

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, Fineco Bank 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 - Fineco Bank would cost £75 per year, while Trading 212 would cost £0 per year.

12 trades per year - Fineco Bank would cost £35.4 per year, while Trading 212 would cost £0 per year.

36 trades per year - Fineco Bank would cost £106.2 per year, while Trading 212 would cost £0 per year.

120 trades per year - Fineco Bank would cost £354 per year, while Trading 212 would cost £0 per year.

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

Fineco Bank requires a minimum deposit of £0.0, while Trading 212 requires a minimum deposit of £1.0. From our testing we found for accounts between £0 - £250,000 Fineco Bank charges annual custody fees of 0.25%, while Trading 212 charges annual custody fees of £0 (Other Fees Apply).

Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), while Trading 212 offers investors access to ISA, Share Trading, CFD Trading and ETFs. Neither have SIPP, Investment Trusts, 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 Both Fineco Bank and Trading 212 offer ISA 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 Fineco Bank and Trading 212 offer crypto investing.

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

To compare the trading platforms of both Fineco Bank and Trading 212, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Fineco Bank offers a better share dealing platform and Fineco Bank 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 Fineco Bank offers traders access to Client Webinars and Client Webinars (Archived), while Trading 212 offers access to Education (Share Trading). Neither have Education (Funds) and Education (Retirement).