Trading 212 alternatives

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Fact Checked.
Updated on
February 18, 2023

In a nutshell

The best Trading 212 alternatives are eToro and Lightyear for commission-free stocks and shares trading, and InvestEngine for investing in ETFs within an ISA. For CFD trading, it’s eToro, XTB and Fineco. And if you prefer the experts to handle things, Moneyfarm tops the list.

Nutty

Trading 212 is a great investment platform and stock broker, but since you’re reading this, we guess you’re not keen. No problem! There’s lots of options out there – and we’ve researched and used almost all of them.

Here’s the best Trading 212 alternatives. (By the way, we’ll cover ISA alternatives below.)

Best Trading 212 alternatives for stock trading

New to investing?

We recommend getting started with eToro, it’s super easy to use and commission-free.
Visit eToro¹Visit eToro¹

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Best trading app

eToro

eToro is a hugely popular investing and trading platform. Not just because of it’s awesome trading features and being completely commission free, but because you can join a community of traders from all over the world, to trade, chat and learn together.

It’s also got the largest range of assets to trade and invest in – including stocks, ETFs, crypto, CFDs, currencies and commodities (such as gold).

Rating:

eToro rated 5 stars

68% of retail investor accounts lose money when trading.

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Best app experience

Lightyear

Light is an awesome stock trading app. Not only is the app experience great, but it's also commission-free!

The only fees you'll pay are currency converison fees, and these are low. You can also hold multiple currencies in your account too.

The investment range is good too - and includes stocks and ETFs from across the world.

Rating:

Lightyear rated 4 stars

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Cheapest (ETFs only)

InvestEngine

InvestEngine is great for investing in exchange-traded funds (ETFs). That’s all they do – and they're very good at it.

It's so low cost, there's in fact no InvestEngine fees at all (to make your own investments).

And for the experts to manage your investments, it's only 0.25% per year.

There's a great range of ETFs (over 550), and the app is pretty great too.

Rating

InvestEngine rated 5 stars

Get a £25 welcome bonus if you sign up with Nuts About Money – and up to £100 cashback if you invest in or transfer an ISA.

Capital at risk. T&Cs apply.

Best Trading 212 alternatives for trading CFDs

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Social trading

eToro

eToro is great. It's a trading platform with great social trading features that makes trading fun. It's crazy popular, with a huge community you can get involved in, learn from and copy their trades! Trading is commission free too (but there can be other fees).

It’s also got the largest range of assets to trade, including stocks, ETFs, crypto, CFDs, currencies and commodities (such as gold).

Highly recommended as the best place for beginners to get started (there's a demo account too), and great features for more experienced traders (such as margin trading).

Platform experience: great
Device options:
website & phone app
Support:
24/7
Stocks & Shares ISA:
no
Pension (SIPP):
no
Range of investments:
huge
Stocks:
yes
ETFs: yes
Fractional shares:
yes
Crypto:
yes
CFDs:
yes
Forex: yes
Account fee:
free
Cost per trade:
free
Spread fees: yes (low)
Currency conversion fee:
0.50% on non-USD deposits

Rating

eToro rated 5 stars

68% of retail investor accounts lose money when trading.

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Trading experience

XTB

XTB is an awesome trading platform. The trading software (xStation 5) is one of the best out there – it's super easy to use, and has all the trading features you need – with a great charting system. And trading speeds are fast. Mobile trading is great too.

It's one of the largest in the world, and the go-to place for foreign exchange and CFD trading. With high leverage margin trading (borrowed money) and the ability to trade both price directions (so shorting too).

It works great on mobile, as well as desktop and tablet. And the customer service is excellent, with your own personal account manager.

Platform experience: awesome
Device options: website, tablet and phone app
Support: 24/5
Stocks & Shares ISA: no
Pension (SIPP): no
Range of investments: large
Stocks: yes (CFDs)
ETFs: yes (CFDs)
Fractional shares: no
Crypto: yes (not UK)
CFDs: yes
Forex: yes
Account fee: free
Cost per trade: free
Spread fees: yes (low)
Currency conversion fee: 0.50%

Rating

XTB rated 5 stars

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Award winning

Fineco

Fineco is great for investing and trading, and has their own award-winning and fully customisable trading platform called PowerDesk.

You can customise it to suit your own trading style, and it's super easy to use and adapt to you. And, it's got all the advanced trading features you'll want.

You can also trade in multiple currencies with Fineco, saving you cash in currency-coversion fees when compared to other brokers.

Overall it's low cost, and has a huge range of investment options - including forex, CFDs and stocks and shares.

You can also open a Stocks & Shares ISA and hold stocks directly.

There's also a great mobile app for trading on the go.

Platform experience: awesome
Device options: website and phone app
Support: 8am - 9pm (weekdays)
Stocks & Shares ISA: yes
Pension (SIPP): no
Range of investments: large
Stocks: yes
ETFs: yes
Fractional shares: no
Crypto: no
CFDs: yes
Forex: yes
Account fee: free
Cost per trade: free
Spread fees: yes (low)
Currency conversion fee: low (multi-currency)

Rating

Fineco rated 5 stars

Special offer: get £500 in free trading commission.

Best expert-managed alternative

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Best overall

Moneyfarm

Moneyfarm is one of the best options out there for saving and investing. It's super easy to use – the experts simply take care of everything. And, they're on hand to help you with guidance and any questions too.

They have one of the top performing investment records, and great socially responsible investing options.

The fees are low, and reduce as you save more.

Plus, the customer service is outstanding.

Overall, a fantastic option to save and invest.

Rating

Moneyfarm rated 5 stars

Get up to £750 cashback when you invest.

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Rating

Not convinced with Trading 212?

We think Trading 212 is a great investment platform (a place to buy and sell investments), it’s commission-free, and there’s no account fees. Plus it’s one of the lowest currency conversion fees out there (0.15%).

If you haven’t used Trading 212 yet, and want to learn more, here’s our Trading 212 review.

Anyway, let’s move on to the alternatives to Trading 212, and how we determined the best alternatives. 

Trading 212 alternatives

Our criteria for determining the best alternatives

Trading 212 is popular because it’s super low cost and has a great range of investment options. So, it’s alternatives that need to be that too.

Here’s what we looked at:

  • Trading fees
  • Account fees
  • Range of investments
  • Customer reviews
  • Ease of use

Right, let’s dive into the details for each category!

Stock trading alternatives 

The cheapest platforms for trading stocks are eToro¹ and Lightyear¹. Both investment platforms have no account fees and no trading fees (commission-free trading), and they’re great trading apps to rival Trading 212 for mobile trading (plus a web trading platform).

Lightyear has slightly lower currency conversion costs than eToro (the fee to exchange currencies to buy foreign stocks and shares), but the range of investments is a lot smaller.

InvestEngine¹ is very low cost too, but you can only buy exchange-traded funds (ETFs). ETFs are collections of lots of different investments, all pooled into a single investment, and great for building a diversified investment portfolio for long-term growth. 

Trading 212 ETFs

For instance, you could buy an ETF of the top 100 companies listed on the London Stock Exchange (LSE), called the FTSE 100. Here’s where to learn more about how to invest in the FTSE 100.

However, with InvestEngine, you can’t trade individual stocks and shares – but if you’re only looking for ETFs, it’s great.

Stocks and Shares ISA alternatives

InvestEngine¹ is also the only option that has no account fees, and also offers an ISA (a tax-free way of saving). But again, you can only buy ETFs.

Trading 212 Stocks and Shares ISA

So, if you only want to invest within a Stocks and Shares ISA, and buy stocks and shares too, your best option is AJ Bell.

Stocks and Shares

AJ Bell is a more traditional stock broker, and has a huge range of investment options to choose from. 

The only downside is that you will pay an account fee, and a share dealing fee. The good news is that they’re one of the cheapest traditional brokers out there for those, so still a great choice to save and invest.

Here’s our AJ Bell review to learn more, or visit the AJ Bell website¹.

CFD trading alternatives

If you’re only looking to trade CFDs (Contract For Differences), you’ve got quite a few options out there, but it all comes down to the trading platform experience and fees.

By the way, if you’re not sure what CFDs are, instead of buying the asset directly (such as a share), you’ll instead trade the price of it. You’ll enter into an agreement (contract) with the CFD broker about the price in the future, and settle the difference when you close the trade, paying the difference, or receiving the difference back in profit. And so, you get a ‘Contract For Differences’.

Trading 212 CFDs

They’re great for advanced traders and experienced investors as they’re typically lower cost overall, you can trade both price directions (and so trade the price down going down too, called going ‘short’, rather than ‘long’), and you can trade with borrowed money (called leverage trading or margin trading), which can amplify your profits (and losses), and can be high risk.

These best alternatives are eToro¹, XTB¹ and Fineco¹ – they’ve all got awesome trading platforms, bespoke to them. So you don’t need to use any 3rd party trading software (such as MetaTrader 4). And the trade execution is fast – so you’ll get the price you see. What’s more, they all have great in-built trading tools.

Plus, the investment ranges are huge (including stocks, ETFs, and forex trading (foreign exchange)), and the fees are very low.

Foreign exchange (forex or FX)

Nuts About Money tip: if you’re only looking to trade forex, check out the best forex trading apps.

Expert managed investment alternatives

Did you know that you can leave all your investing to the experts? They’ll grow your money in a safe and sensible way over time – you can just sit back and relax.

Expert-managed platforms

These are hugely popular, and often called a robo-advisor. All you need to do is select your account option (for instance an ISA or a pension), add your money, and they’ll handle everything else.

They’re a great alternative to making your own investment decisions, and often work out much better for long-term investing. Or, you could use one in addition to a self-managed investment platform, such as eToro¹ , and still make your own investments alongside it.

We highly recommend these as an option, and recommend Moneyfarm¹ – they’re the best performing Stocks and Shares ISA.

For pensions, we recommend PensionBee¹ – they’re got a great track record, have low fees and are super easy to use. You'll get a 25% bonus automatically added to your pension by the government on any money you add to a personal pension.

Personal pension

There we have it

So, there we go. The best alternatives to Trading 212. Although we think Trading 212 is great, it’s not for everyone. There are great alternatives out there.

Your best options for low cost stock trading and investing (no account fees and commission) is eToro¹ and Lightyear¹, and for ETFs within an ISA, it’s InvestEngine¹.

If you want to trade stocks and shares within an ISA, check out AJ Bell¹. It’s the best traditional stock broker, and has a huge range of investment options, with lots of shares and investment funds.

For CFD traders, eToro¹, XTB¹ and Fineco¹ are great options. All with a huge range of investment options (assets) to trade, low cost and awesome trading platforms overall.

If you prefer to let the experts handle things for you, check out Moneyfarm¹ – it’s easy to use, has a great track record and low fees. And if you’re looking to save within a pension, check out PensionBee¹ too – for all the same reasons.

Happy investing!

New to investing?

We recommend getting started with eToro, it’s super easy to use and commission-free.
Visit eToro¹Visit eToro¹

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This article has been fact checked

This article was written by the team at Nuts About Money, and fact-checked by 2 independent reviewers. You’re in safe hands.

New to investing?

We recommend getting started with eToro, it’s super easy to use and commission-free.

Visit eToro¹Visit eToro¹

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