Trading 212 Vs Freetrade Comparison
Trading 212 and Freetrade are two of the UK’s leading online brokers, offering commission-free stock and share investment and user-friendly apps. Both platforms provide access to a range of shares and Exchange-Traded Funds (ETFs), as well as investment trusts. They also offer the option to trade high-risk Contract for Difference (CFD) products. However, neither platform offers a cryptocurrency trading service or spread betting.
While both platforms are regulated by the FCA and covered by the FSCS, they differ in their fees. Trading 212 charges no commission for transactions and has a low fee structure, while Freetrade is a lower-cost alternative to high-fee providers like eToro. Source https://www.theinvestorscentre.co.uk/trading/how-to-short-gamestop-shares-uk/
Both platforms allow investors to deposit funds via bank transfer and credit or debit cards. For the latter, deposits via card are free up to PS2,000/$2,000, after which a 0.7% fee applies over the cumulative amount. Withdrawals are processed back to the same funding source as used for deposits. In addition, both platforms allow for interest on unused funds (i.e., uninvested cash).
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Both companies also have a comprehensive Help Hub and community for users to find answers to common questions, so they can avoid having to contact customer support. Both also segregate client funds in custodial accounts held by secure 3rd parties, and offer negative balance protection on leveraged trades. However, whereas Freetrade offers a Self-Invested Personal Pension (SIPP) account, Trading 212 does not, which may influence their respective appeal to investors prioritizing retirement savings and planning.…
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