Trading212 doors are at last open to UK investors once again. Trading212 is open for business and offering a free share to help you start. Let’s look at why I think Trading 212 is the best overall investing platform for investors in the UK.
Trading212 is giving you a free share
First and foremost, Trading212 is offering a free share when you sign up with my link. You and I both get a free share to help you start with investing on Trading212 when you use my Trading212 sign up link:
Do you want a free share worth up to £100?
Join Trading 212 Invest with my link, and we will both get a free share.
www.trading212.com/invite/FMEuMwDP
Win win. Sell up if you don’t like the share you get and buy something else on Trading212. Who doesn’t like a bit of help in this day and age? Remember, however, investments can do down as well as up!
Huge range of assets to choose from
There are thousands of stocks and ETFs to choose from, including all the popular names like Apple, Tesla, and Amazon. If you are into index investing then there are loads of index tracker to choose from like VWRL to track the whole world markets or VUSA for the very popular S&P 500.
Trading212 is properly regulated
The company was founded in 2004 and is now headquartered in London. Trading 212 enjoys regulation by the UK Financial Conduct Authority (FCA), the Cypriot Cyprus Securities and Exchange Commission (CySEC), and the Bulgarian Financial Supervision Commission (FSC).
It is vital that your investing platform is properly regulated and Trading212 ticks all the boxes here.
Sensible and sustainable fees
If you want to deposit by credit/debit card or by Apple Pay or Google Pay, then your first £2000 is free. After that, there is a 0.7% charge. You can dodge deposit fees entirely, however, by paying by bank transfer, which is always free. This is what I do. There is no point paying fees when you don’t have to.
In terms of foreign exchange fees, if you buy foreign stock, is set at a very low 0.15% and no further commission charges apply.
There are other charges in relation to trading CFDs but since they aren’t conducive to long term investing, I’ll leave a link to those here.
Trading212 Customer Service is strong
Responses from customer service in-app is excellent. In my experience customer services has always been polite and helpful. Further, TrustPilot reviews are good. Whether you have any faith in TrustPilot is something else, good reviews are always welcome!
Trading 212 has no extra charges for ISA
Unlike some competitors like FreeTrade, Trading212 carries no extra charges for investing inside an ISA wrapper. That means more of your gains stay in your pocket instead of having to pay for extra services or tax on your gains.
Trading212 has ISA, General investing and CFDs available
In general terms, I will not encourage using CFDs, but this is how a lot of people like to do their trading. Trading212 offers some great long term investing options along with a general investing account for those who have used all their ISA allowance or perhaps have their ISA with another provider.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Summary
Overall, Trading212 is the best all round investing platform for customer in the UK, in my opinion. The assets on offer, the low fees and the huge range of ways to invest make means there is something here for everyone. There is a ton of information available in the app too. There is also a fully featured desktop version for those that like their investing on a computer screen!
But! For 2022/23 – my ISA is with someone else. Why not have a read of this article to see what other options there are out there: InvestEngine for ISA 2022/23