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Trading 212 vs Interactive Brokers 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Trading 212 better than Interactive Brokers? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Trading 212 is better than Interactive Brokers. 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.

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  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCMC Invest
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  • check_box_outline_blankcheck_boxFidelity International
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVanguard UK Investor
  • check_box_outline_blankcheck_boxXTB

Compare

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Overall Rating Trading 212 Interactive Brokers
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 4/5 Stars 5/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Review Trading 212 Review Interactive Brokers Review
Winner check_circle
Investments Trading 212 Interactive Brokers
ISA info Yes Yes
SIPP info No Yes
Share Trading info Yes Yes
CFD Trading info Yes Yes
Funds info No Yes
ETFs info Yes Yes
Bonds - Corporate info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No Yes
Advisor Services info No No
Trading Fees Trading 212 Interactive Brokers
Minimum Deposit info £1.0 £0.0
Share Trading: 0-9 Deals/ Month info £0 £3
Share Trading: 10-19 Deals/ Month info £0 £3
Share Trading: 20+ Deals/ Month info £0 £3
5 trades per year (£30k portfolio) info £0 £15
12 trades per year (£30k portfolio) info £0 £36
36 trades per year (£30k portfolio) info £0 £108
120 trades per year (£30k portfolio) info £0 £360
3 fund trades per year (£30k portfolio) info £0 £0
Annual Custody Fee: £0 - £250,000 info £0 0
Annual Custody Fee: £250K-£500K info £0 0
Annual Custody Fee: £500,000 - £1m info £0 0
Annual Custody Fee: £1m and over info £0 0
Bonds - Corporate - Fee info N/A 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - Fee info N/A 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
ETFs - Fee info 0 £3
Investment Trusts - Fee info 0 £4.95
Telephone Dealing Fee info N/A USD 50
Broker Screenshots Trading 212 Interactive Brokers
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Trading 212 Interactive Brokers
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 54 96
Charting - Drawing Tools info 25 80
Charting - Notes info Yes Yes
Charting - Display Corporate Events info No Yes
Charting - Stock Overlays info No Yes
Charting - Index Overlays info No Yes
Research Trading 212 Interactive Brokers
Research - Shares info Yes Yes
Research - CFDs info No Yes
Research - Funds info No Yes
Fund Research - Research Reports info No Yes
Research - ETFs info No Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info Yes Yes
Education Trading 212 Interactive Brokers
Education (Share Trading) info Yes No
Education (Funds) info Yes No
Education (Retirement) info No Yes
Client Webinars info No No
Client Webinars (Archived) info No No
Overall Summary Trading 212 Interactive Brokers
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 5/5 Stars 4.5/5 Stars
Investment Choices 4.5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 4/5 Stars 5/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Review Trading 212 Review Interactive Brokers Review
Winner check_circle
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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 Interactive Brokers.

Trading 212 vs Interactive Brokers Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Trading 212 vs Interactive Brokers.

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 Interactive Brokers a good broker?

Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.

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 Interactive Brokers 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 Interactive Brokers would cost £15 per year.

12 trades per year - Trading 212 would cost £0 per year, while Interactive Brokers would cost £36 per year.

36 trades per year - Trading 212 would cost £0 per year, while Interactive Brokers would cost £108 per year.

120 trades per year - Trading 212 would cost £0 per year, while Interactive Brokers would cost £360 per year.

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

query_stats 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 Interactive Brokers compare in terms of minimum deposits required?

Trading 212 requires a minimum deposit of £1.0, while Interactive Brokers 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, while Interactive Brokers 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 Interactive Brokers offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have 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.

Do Trading 212 and Interactive Brokers 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 Interactive Brokers offers traders access to SIPP and ISA accounts.

Do Trading 212 and Interactive Brokers 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 Interactive Brokers offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Interactive Brokers is better than the website of Trading 212. Interactive Brokers 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 Interactive Brokers, we tested each broker's stock trading app. All features compared, our analysis finds that Interactive Brokers offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Trading 212 and Interactive Brokers 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 Interactive Brokers offers access to Education (Retirement). Neither have Client Webinars and Client Webinars (Archived).

Overall winner: Trading 212

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