Trading212 Brokerage Review – Zero Commission Share Dealing?
You may be familiar with Trading212 as a CFD trading website and app.
Trading212 is also one of the first UK Brokerage accounts to offer zero commission share dealing and no account fees!
Most UK Stock brokers charge anywhere from £6 – £15 per trade on top of account fees!
This can really add up over time and if you are trading smaller amounts this is a huge percentage of your investment gone instantly.
See the chart below:
As you can see, if you traded once per month with the most popular broker – Hargreaves Lansdown – you would be spending £143.40 per year just on commissions!
Then you have the account fees charged by most brokers.
They don’t sound much but as an average of 0.45% of your account balance can also really add up.
A £10,000 account would cost £45 per year.
Adding this to the above example it brings our total for the year to £188 – that’s 1.88% of our gains gone before we even start!
Trading212 has followed in the footsteps of the booming Robinhood broker in the US which isn’t available in the UK.
The Trading212 platform
Trading212 offer a sleek and easy to use ‘no frills’ platform complete with charts and tools.
The best part for me is the super simple app which makes it so easy to manage your investments from anywhere.
Trading212 offers live pricing too, many brokers have a 15 minute delay which can be hugely frustrating.
The platform comes with the usual price alerts, pending orders, stop loss and take profit features which can make your life much easier.
There are 2 types of share dealing account available with Trading212 – Invest account and an ISA account.
making use of the ISA would mean zero commission, zero account fees and no capital gains tax or dividend tax.
More gains for us!
Trading212 allows you to buy equities and ETF’s with zero commission in all the major exchanges.
Combining this with a data driven site like Yahoo Finance makes for the perfect set of tools for all your investing.
I highly recommend Trading212 for your brokerage account.
The zero fee structure is a no-brainer in my opinion especially if you are investing smaller amounts.
One of the best things about Trading212 are the educational videos and articles they provide.
They range from how to perform basic actions and using the platform right up to technical analysis and price action!
I can see the popularity of Trading212 shaking up the brokerage world and causing a real stir with the more expensive firms out there.
Open your account here and start your zero fee investing experience!
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Check out one of my latest post 8 Common Investing Terms Explained for some of the basics.
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