Freetrade vs Trading212
Freetrade or Trading212 – which is better for UK traders 2023? Compare Freetrade and Trading212 in this detailed breakdown of their platforms, features and fees.
| Freetrade | Trading212 |
|---|---|
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| Freetrade is ranked #117 among UK brokers. | Trading212 is ranked #34 among CFD brokers. |
| 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. | Trading 212 is a European-regulated CFD, stock and ETF broker that also offers ISA accounts. Traders can access markets through a proprietary trading platform and speculate on the movements of 1800+ tradeable instruments including forex, stocks, ETFs and commodities. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | Yes |
| Instruments | |
| Stocks, ETFs | Forex, CFDs, Indices, Shares, Commodities, ETFs |
| Demo Account | |
| No | Yes |
| Minimum Deposit | |
| $0 | $1 |
| Payment Methods | |
| Minimum Trade | |
| £2 | 0.01 Lots |
| Regulator | |
| FCA | FCA, CySEC, FSC |
| Margin Trading | |
| No | Yes |
| MetaTrader 4 | |
| No | No |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| No | Yes |
| 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 | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | No |
| Mobile Apps | |
| Yes | iOS & Android |
| Auto Trading | |
| AutoInvest portfolio | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| Trading 212 offers a portfolio copy trading service which is user-friendly and suitable for beginners | |
| Social Trading | |
| No | Yes |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| No | No |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Trade leveraged CFDs on thousands of instruments, including forex, equities, commodities, indices, bonds and futures. The selection of asset classes is decent, but the trading software, particularly the mobile app, lags behind competitors. | |
| Leverage | |
| 1:30 | |
| FTSE Spread | |
| 2.5 points | |
| GBPUSD Spread< | |
| 0.00028 pips | |
| Oil Spread | |
| 0.4 pips | |
| Stocks Spread | |
| 0.2% Var | |
| Forex | |
| Trade 170+ major, minor and exotic forex pairs with floating spreads and leverage up to 1:30. Forex futures are also available on some currency pairs. However the forex broker has a track record of amending margin requirements without appropriate notice. | |
| Assets | |
| 170+ | |
| GBPUSD Spread | |
| 0.00028 pips | |
| EURUSD Spread | |
| 0.00015 pips | |
| EURGBP Spread | |
| 0.00044 pips | |
| 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.
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| Freetrade | Trading212 |
| More Comparisons | |
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