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Interactive Brokers vs Trading 212 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Interactive Brokers better than Trading 212? After scoring the best share dealing accounts across 46 different variables, Interactive Brokers is better than Trading 212. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform.

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Overall RatingInteractive BrokersTrading 212
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Offering of Investments 4.5/5 Stars 2.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Research 5/5 Stars 2/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3/5 Stars
Review Interactive Brokers Review Trading 212 Review
Winner check_circle
InvestmentsInteractive BrokersTrading 212
ISA Yes Yes
SIPP Yes No
Share Trading Yes Yes
CFD Trading Yes Yes
Funds Yes No
ETFs Yes Yes
Bonds - Corporate Yes No
Bonds - Government (Gilts) Yes No
Investment Trusts Yes No
Spread Betting Yes No
Crypto Trading Yes No
Advisor Services No No
Trading FeesInteractive BrokersTrading 212
Minimum Deposit £0.0 £1.0
Share Trading: 0-9 Deals/ Month £3 0
Share Trading: 10-19 Deals/ Month £3 0
Share Trading: 20+ Deals/ Month £3 0
5 trades per year (£30k portfolio) £15 £196
12 trades per year (£30k portfolio) £36 £196
36 trades per year (£30k portfolio) £108 £196
120 trades per year (£30k portfolio) £360 £196
3 fund trades per year (£30k portfolio) £24.75 N/A
Annual Custody Fee: £0 - £250,000 0% £0 (Other Fees Apply)
Annual Custody Fee: £250K-£500K 0% £0 (Other Fees Apply)
Annual Custody Fee: £500,000 - £1m 0% £0 (Other Fees Apply)
Annual Custody Fee: £1m and over 0% £0 (Other Fees Apply)
Bonds - Corporate - Fee 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) N/A
Bonds - Government (Gilts) - Fee 0.1% (2 euro min) N/A
ETFs - Fee £3 0
Investment Trusts - Fee £4.95 N/A
Telephone Dealing Fee 30 USD N/A
Platforms & ToolsInteractive BrokersTrading 212
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes Yes
Charting - Indicators / Studies 98 54
Charting - Drawing Tools 84 25
Charting - Notes Yes Yes
Charting - Display Corporate Events Yes No
Charting - Stock Overlays Yes No
Charting - Index Overlays Yes No
ResearchInteractive BrokersTrading 212
Research - Shares Yes Yes
Research - CFDs Yes No
Research - Funds Yes No
Fund Research - Research Reports No No
Research - ETFs Yes No
Research - Bonds Yes No
Portfolio Allocation Breakdown Yes Yes
EducationInteractive BrokersTrading 212
Has Education - Share Trading Yes Yes
Has Education - Funds No No
Has Education - Retirement Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Overall SummaryInteractive BrokersTrading 212
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Offering of Investments 4.5/5 Stars 2.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 3.5/5 Stars
Research 5/5 Stars 2/5 Stars
Ease of Use 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3/5 Stars
Review Interactive Brokers Review Trading 212 Review
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  • check_box_outline_blankcheck_boxDEGIRO
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  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
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Interactive Brokers vs Trading 212 Comparison

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

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 - Interactive Brokers would cost £15 per year, while Trading 212 would cost £196 per year.

12 trades per year - Interactive Brokers would cost £36 per year, while Trading 212 would cost £196 per year.

36 trades per year - Interactive Brokers would cost £108 per year, while Trading 212 would cost £196 per year.

120 trades per year - Interactive Brokers would cost £360 per year, while Trading 212 would cost £196 per year.

3 fund trades per year - Interactive Brokers would cost £24.75 per year, while Trading 212 would cost N/A per year.

Which broker offers a wider range of investment options?

Interactive Brokers offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts, Spread Betting and Crypto Trading, while Trading 212 offers investors access to ISA, Share Trading, CFD Trading and ETFs, neither have 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 Interactive Brokers is better for research than Trading 212. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

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

Overall winner: Interactive Brokers

Read Next: Best UK Trading Platforms 2022


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