Freetrade vs Trading 212

Freetrade vs Trading 212

Right off the bat, I’m going to honest with you in this Freetrade vs Trading 212 debate. Freetrade does not currently compare to Trading 212 as an investment platform.

So, Freetrade is similar in that it offers zero-commission trading. This is where the similarities end in my opinion. Trades executed on Freetrade can sometimes not take place until 3 pm the next day. This seems to be for US stocks mainly.

Not a big issue if you are dividend investing or buying ETFs but if you are attempting to try and make some cash or catch a dip, forget it stick with Trading 212.

Not only do they not offer instant buys on all trades they are charging customers £3 a month to open an ISA with them vs £0 with Trading 212.

Please, if you plan on investing long term then you must know the difference between a Trading 212 Invest vs ISA account.

They also only have a mobile app, you can not buy shares via a computer only on your phone. Trading 212 has both a great mobile and a nice web app.

On top of this Trading 212 has a plugin for Chrome so you can monitor your portfolio easily – the plugin appears like the mobile app. It can be accessed while browsing another site for example.

Perhaps the final nail in the coffin though? No fractional shares – although I have heard they are bringing this feature out soon so maybe we should give them a pass on that one.

UPDATE – Freetrade does have fractional shares now! Although from I can gather the minimum is £2 buy or sell.

Freetrade vs Trading 212, in my opinion, is a no brainer, Trading 212 is a more mature, more full-featured investment platform.

However…Freetrade vs Trading 212

Having a backup investing platform is a wise move. Freetrade may lack some of the nicer features that Trading 212 offers currently. That’s not to say that further down the line they will not up to their game.

I hope they do. We need as many solid free investment platforms as we can. We can spread then spread out our portfolios over multiple platforms if we so choose.

Freetrade Free Share

Personally, I created an account just for the Free share (now I will keep for a backup as well) – in a similar vein to Trading 212, Freetrade also offers a free share just for signed up to their platform and depositing as little as £1.

Invest in stocks and ETFs commission-free. Sign up here with your email and get a free share worth up to £200 to get started.
https://freetrade.io/freeshare/?code=2KMSDN703F&sender=qLkZ36Uf

Grab your free share while you still can. You may get lucky and get a £200 one.

Going forward I will keep Freetrade as a backup but, potentially use it when they have matured some. For now, though, do what I did and sign up just for the share.

Let me know your thoughts on the app and how you think iy compares to Trading 212.

Trading 212 Free Share

If you are not signed up to either yet. Go ahead and put £1 or as much as you like into each Freetrade and Trading 212 and claim two free shares.

Sign up with the link below to get started now.

Do you want to get a free stock share worth up to £100? You only need to deposit £1 to get the free share!

Create a Trading 212  account using this link

We both get a free share!

None of the above should be used as financial advice, I am not a professional. Always do your own research.

Thanks,

Sean

4 thoughts on “Freetrade vs Trading 212

  1. I agree that Trading212 is superior to Freetrade.

    Despite that, I will continue to use the latter because it’s good enough for what I want to do with my investing, plus I’m an investor of Freetrade (via crowdfunding) so I have a vested interest in the platform doing well. They are continuously improving the app and I’m happy to wait for these new additions/improvements.

    Instant trades are offered on all trades, except when the markets are closed.

    Fractional shares are also now available, although appreciate you wrote your review before they had been introduced.

    Agree that the £3 per month ISA fee doesn’t make sense for people with small portfolios but my ISA is large enough that the fee is competitive vs my ISAs with other platforms.

    1. Yeah, all good points. I thought I updated that post actually – I will do it now, I know they have fractional shares now.

      Who did you have your accounts with before Freetrade? I have not come across that on your blog yet

      1. My other S&S ISAs are with Hargreaves Lansdown and AJ Bell.

        I’m not considering transferring them to Freetrade as ISA fees (apart from trading fees) are competitive, plus I feel more comfortable not having all my investments with one platform.

        Once I get close to £85k (FSCS compensation max) with Freetrade, I’ll probably consider opening another account, likely to be Vanguard.

        1. Sounds good. I was thinking along the same lines. Although you should be good with the like of HL and AJ Bell, “Nobody knows nothing” and anything can happen.

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