Trading212 vs Freetrade

Trading 212 vs Freetrade Comparison Table 2024
Trading 212	Freetrade
Review 2.5	Review 3.5

Trading 212 is a European and UK-regulated CFD broker that also offers stock investing and ISAs. It’s best known for its commission-free trading model and beginner-friendly app, which has helped it attract 2.5 million users and £3.5 billion in client assets.	Freetrade is a London-headquartered investing platform that offers zero-commission trading on thousands of UK, European and US stocks and ETFs through a beginner-friendly platform. Open a standard investment account, a self-invested pension or a stocks and shares ISA and start building a portfolio from as little as £2.
Customer Reviews
2 Based on 1 Trading 212 customer reviews
Comment by Reviewer
"With its user-friendly app, low barrier to entry and fractional shares, Trading 212 is particularly suited to beginners. However, it lacks the advanced charting tools experienced day traders will want. Its products are also increasingly geared towards longer-term investors."	"Freetrade provides a simple and affordable way for casual investors to build a diverse portfolio of 6000+ US, UK and European stocks with zero commissions."
Pros
One of the standout features of Trading 212 is its commission-free trading, meaning you can buy and sell stocks, ETFs, and other financial instruments without incurring traditional brokerage fees Trading 212 has an intuitive and user-friendly platform that is especially accessible for beginners, with a straightforward layout and a reasonable range of tools for analysis The platform offers a good suite of instruments, including stocks, indices, ETFs, currencies, commodities, and CFDs. This variety can help you to create a diversified investment portfolio A sleek mobile app lets you trade on the go. It’s well-designed and offers features similar to the web platform, making it convenient if you prefer mobile trading Up to 5.1% interest on uninvested cash is available, appealing to hands-off investors	FCA-regulated brand with FSCS cover for investors Thousands of US and UK stocks and hundreds of ETFs to choose from Very competitive pricing vs competitors with low fees and zero commissions Earn interest on uninvested cash with competitive rates Transfer/move ISAs from other accounts News and blog feed updated regularly Built-in customer support via live chat Fast revenue withdrawals Dividends on stocks
Cons
Experienced day traders who rely on sophisticated technical analysis tools will find Trading 212’s charting features to be somewhat basic, especially compared to alternatives like IG While Trading 212 offers leveraged trading through CFDs, there are restrictions on leverage for certain instruments. If you want high leverage for your strategies, you will find these limitations constraining There’s no copy trading, a significant drawback given Trading 212's client base is largely beginners and brokers like eToro offer this feature There is no support for algorithmic or automated trading, nor third-party apps like MetaTrader 4, which will deter advanced traders. IC Markets ticks these boxes	Competitors have larger selection of assets Trading platform lacks deep analytical tools Less suitable for active, high-volume traders Many countries not accepted No leveraged trading No demo account
Awards
	Best Online Trading Platform 2020 - British Bank Awards Best Share Trading Platform 2019 - British Bank Awards People’s Choice 2019 - Good Money Guide Best New Investment Service 2019 - Consumer Investment Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs	Stocks, ETFs
Demo Account
Yes	No
Minimum Deposit
$1	$0
Trading Platforms
Web App	Own
Payment Methods
Apple Pay Credit Card Debit Card Giropay Google Wallet iDeal Mastercard PayPal Skrill Sofort Visa Wire Transfer	Apple Pay Wire Transfer
Minimum Trade
0.01 Lots	£2
Regulator
FCA, CySEC, FSC	FCA
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	Yes
App Review
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
Android App Rating
	4.3
iOS App Rating
	4.3
Auto Trading
AutoInvest Portfolio
Copy Trading
No	No
Social Trading
Yes	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	No
Account Currencies
USD EUR GBP CAD SEK NOK DKK CHF PLN CZK HUF
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Lead Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
Engage in leveraged CFD trading across a wide array of instruments, encompassing forex, stocks, commodities, and indices. Yet while the selection of asset classes is satisfactory, the charting software and floating spreads for short-term traders fall behind that of competitors.	CFD trading not offered
Leverage
1:30
FTSE Spread
2.5
GBPUSD Spread
0.00028
Oil Spread
0.4
Stocks Spread
0.2% Var
Forex Trading
Trade over 180 major, minor, and exotic forex pairs on the Trading 212 platform, featuring floating spreads and leverage up to 1:30. It’s important to note, though, that the forex broker has a history of adjusting margin requirements without providing adequate notice. As a result, CMC Markets is a better pick for forex traders with more currency pairs and a cleaner record.	Forex trading not offered
Forex App
Trading212 have positioned themselves at the front of the mobile trading movement. Their platform is based on a ‘mobile-first’ model, so they prioritize this type of trader. The app offers 1800+ instruments, zero commissions and a free practise account. Download the app risk free and try it out.
GBPUSD Spread
0.00028
EURUSD Spread
0.00015
EURGBP Spread
0.00044
Assets
180+
Currency Indices
USD

Review	Review
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