With so many zero fee investment apps on the market, it can be difficult to decide which one is right for you. In this article, we’ll take a closer look at Trading 212 vs Freetrade to help you make an informed decision. We’ll discuss key features, fees, instruments and more.Learn more :https://www.theinvestorscentre.co.uk/reviews/trading-212-vs-freetrade/
Both Trading 212 and Freetrade offer a mobile app that allows you to invest in shares, ETFs, and funds with no monthly or transaction fees. The Trading 212 app scores 4.6 out of 5 on Trustpilot, while the Freetrade app has an even higher rating of 4.8 out of 5. Both apps have a customer support team available via phone and email.
Trading 212 vs Freetrade: Which UK Broker is Better
While both platforms provide a wide range of investment instruments, each has its own unique offerings. Freetrade focuses on beginner investors with lower-risk investments like stocks, ETFs, and investment trusts. It doesn’t offer cryptocurrencies or CFDs, however, and it lacks access to UK government bonds (known as Treasury bills).
Trading 212, on the other hand, offers a more diverse selection of investment instruments, including cryptocurrencies, CFDs, and commodities. It also has an extensive list of individual stocks and ETFs that can be purchased commission-free. Additionally, it offers a variety of account types for beginner and experienced investors, including an ISA and a GIA.
Both Trading 212 and Freetrade have a low minimum investment amount, meaning it’s easy to get started. Additionally, both platforms allow you to copy ‘Pies’ – pre-made portfolios of investments that are managed by 3rd parties or other users. These portfolios are not professionally managed and come with their own risk profiles, but they do carry a small transaction cost to copy.