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Trading 212 vs Freetrade 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Trading 212 better than Freetrade? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Trading 212. 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.

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Overall RatingTrading 212FreetradeFineco Bank
Overall Rating4.5 Stars4.5 Stars4.5 Stars
Commissions & Fees5 Stars5 Stars5 Stars
Offering of Investments2.5 Stars2.5 Stars4 Stars
Mobile Trading4 Stars4 Stars4 Stars
Platforms & Tools3.5 Stars1 Stars3.5 Stars
Research2 Stars2 Stars3.5 Stars
Ease of Use4 Stars4.5 Stars3.5 Stars
Education3 Stars3 Stars3.5 Stars
ReviewTrading 212 ReviewFreetrade ReviewFineco Bank Review
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InvestmentsTrading 212FreetradeFineco Bank
ISAYesYesYes
SIPPNoYesNo
Share TradingYesYesYes
CFD TradingYesNoYes
FundsNoNoYes
ETFsYesYesYes
Bonds - CorporateNoNoYes
Bonds - Government (Gilts)NoNoYes
Investment TrustsNoYesNo
Spread BettingNoNoNo
Crypto TradingNoNoNo
Advisor ServicesNoNoNo
Trading FeesTrading 212FreetradeFineco Bank
Minimum Deposit£1.0£0.0£0.0
Share Trading: 0-9 Deals/ Month0£0£2.95
Share Trading: 10-19 Deals/ Month0£0£2.95
Share Trading: 20+ Deals/ Month0£0£2.95
5 trades per year (£30k portfolio)£196N/A£75
12 trades per year (£30k portfolio)£196£0£35.4
36 trades per year (£30k portfolio)£196£0£106.2
120 trades per year (£30k portfolio)£196£0£354
3 fund trades per year (£30k portfolio)N/AN/A£14.75
Annual Custody Fee: £0 - £250,000£0 (Other Fees Apply)£00.25%
Annual Custody Fee: £250K-£500K£0 (Other Fees Apply)£00.15%
Annual Custody Fee: £500,000 - £1m£0 (Other Fees Apply)£00.15%
Annual Custody Fee: £1m and over£0 (Other Fees Apply)£00.05%
Bonds - Corporate - FeeN/AN/A£6.95
Bonds - Government (Gilts) - FeeN/AN/A£6.95
ETFs - Fee0£0£2.95
Investment Trusts - FeeN/A£0N/A
Telephone Dealing FeeN/AN/AN/A
Platforms & ToolsTrading 212FreetradeFineco Bank
Web PlatformYesNoYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesNoYes
Charting - Indicators / Studies54022
Charting - Drawing Tools2513
Charting - NotesYesNoNo
Charting - Display Corporate EventsNoNoYes
Charting - Stock OverlaysNoNoYes
Charting - Index OverlaysNoNoYes
ResearchTrading 212FreetradeFineco Bank
Research - SharesYesYesYes
Research - CFDsNoNoNo
Research - FundsNoNoYes
Fund Research - Research ReportsNoNoNo
Research - ETFsNoYesYes
Research - BondsNoNoYes
Portfolio Allocation BreakdownYesNoYes
EducationTrading 212FreetradeFineco Bank
Has Education - Share TradingYesYesNo
Has Education - FundsNoNoNo
Has Education - RetirementNoYesNo
Client WebinarsNoNoYes
Client Webinars (Archived)NoNoYes
Overall SummaryTrading 212FreetradeFineco Bank
Overall Rating4.5 Stars4.5 Stars4.5 Stars
Commissions & Fees5 Stars5 Stars5 Stars
Offering of Investments2.5 Stars2.5 Stars4 Stars
Mobile Trading4 Stars4 Stars4 Stars
Platforms & Tools3.5 Stars1 Stars3.5 Stars
Research2 Stars2 Stars3.5 Stars
Ease of Use4 Stars4.5 Stars3.5 Stars
Education3 Stars3 Stars3.5 Stars
ReviewTrading 212 ReviewFreetrade ReviewFineco Bank Review
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Trading 212 vs Freetrade Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Trading 212 vs Freetrade.

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, Fineco Bank offers better pricing than Freetrade 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 £196 per year, while Freetrade would cost N/A per year.

12 trades per year - Trading 212 would cost £196 per year, while Freetrade would cost £0 per year.

36 trades per year - Trading 212 would cost £196 per year, while Freetrade would cost £0 per year.

120 trades per year - Trading 212 would cost £196 per year, while Freetrade would cost £0 per year.

3 fund trades per year - Trading 212 would cost N/A per year, while Freetrade would cost N/A per year.

Which broker offers a wider range of investment options?

Trading 212 offers investors access to ISA, Share Trading, CFD Trading and ETFs, while Freetrade offers investors access to ISA, SIPP, Share Trading, ETFs and Investment Trusts, neither have Funds, 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.

Which broker offers better research?

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.

Which trading platform is better?

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

Overall winner: Fineco Bank

Read Next: Best UK Trading Platforms 2022


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