Commission-free investing with no platform fee
Best for: Cost-conscious DIY investors who want to keep every fee at zero. Not for: Anyone who wants traditional funds (OEICs/unit trusts), a Junior ISA, gilt dealing, or hand-holding from a human adviser.
Trading 212's fees are one part of the picture. Are your pensions and savings actually on track?
See if you're on trackFree to check. No card required. Takes about two minutes.
Trading 212 built its name on removing fees. There is no platform fee, no dealing commission and no account charge on its ISA or SIPP. The only cost most investors pay is a 0.15% currency conversion fee when buying shares priced in dollars or euros.
The trade-off is scope. You can hold shares and ETFs but not traditional funds, and support is app-based. For an investor who wants a global tracker ETF inside an ISA at close to zero cost, it is very hard to beat on price.
Best for: Cost-conscious DIY investors who want to keep every fee at zero.
| Platform fee | £0 |
|---|---|
| Share dealing | £0 commission |
| Fund dealing | ETFs only, £0 commission |
| FX fee | 0.15% |
| Stocks & Shares ISA | Free |
| SIPP | Free |
| Withdrawals | Free |
| Minimum to start | £1 |
Verified July 2026 against Trading 212's published charges. Always check the provider's current schedule before opening an account.
Your cash is protected by the FSCS up to £120,000. Your investments are ring-fenced in your name, held separately from the firm's own assets, so they remain yours if the firm fails, with FSCS cover of up to £85,000 for any shortfall. Authorised and regulated by the FCA.
Trading 212 scores 4.6 out of 5 on Trustpilot (Excellent) from tens of thousands of reviews.
Reviewers consistently rate the app as easy to use and good value, and many mention the competitive interest paid on uninvested cash.
The most common criticisms are slow identity verification for new accounts and support that can take time to respond.
Things that catch out new Trading 212 customers more than they should.
On £10,000 of US shares you pay £15 to buy and 0.15% again when you sell, because Trading 212 charges 0.15% each time it converts currency. On £10,000 of a pound-priced ETF you pay £0 in commission and account fees, though the ETF provider takes its own yearly charge inside the fund. UK shares carry 0.5% stamp duty, so £10,000 of them costs £50 in tax. Paying in by card after your first £2,000 adds 0.7%.
Trading 212 charges no account, custody or commission fee on its Invest account, Stocks and Shares ISA or SIPP. The charges that can apply are: 0.15% FX whenever currency is converted; 0.7% on card, Apple Pay and Google Pay deposits once you have paid in £2,000 in total that way (bank transfers stay free); 0.5% stamp duty on UK share purchases; small US regulatory fees on sales; and the ETF provider's own annual charge. Withdrawals are free.
Trading 212 UK Ltd is authorised and regulated by the FCA. Your shares are held in segregated accounts with custodians such as BNY Mellon, and client cash sits apart from the firm's own money. If Trading 212 failed, the FSCS covers up to £85,000 per person for shares and cash held with it. Cash placed at a partner bank is covered up to £120,000 per person, per bank, if that bank fails.
Yes. The Trading 212 SIPP has no account, custody, commission or transfer fee, though 0.15% FX applies when currency is converted. You can usually access it from 55, rising to 57 in 2028. It does not currently offer flexi-access drawdown, the most common way to take a flexible income, so check how you would draw money out before relying on it for retirement income.
No. Trading 212 offers a Stocks and Shares ISA and a Cash ISA, but not a Junior ISA or a Lifetime ISA. Its ISAs are flexible, so you can withdraw and replace money in the same tax year without using up more of your £20,000 allowance. For a child's tax-free account you would need a provider that offers Junior ISAs.
Most people pay nothing to Trading 212 itself: there is no commission and no account fee. What you do pay is 0.15% FX on any trade in another currency, 0.7% on card deposits once you have paid in £2,000 that way, and 0.5% stamp duty on UK shares. ETFs carry their own annual charge set by the fund provider.
Most reviewers say yes for the cost and ease of use, and no for the research tools and the chat-only support. If you want hand-holding or in-depth fund research, a full-service broker will serve you better.
Mostly from the spread on shares and ETFs (the difference between buy and sell prices) and interest earned on client cash held in segregated accounts. CFD trading also generates revenue but is not available to UK retail investors since the FCA's 2021 restrictions.
The UK platforms most readers put head to head with Trading 212 in 2026, and what each comparison actually covers.
Trading 212 can hold your investments, but it will not tell you whether they add up to the retirement you want. Delphina models your whole financial life and gives you a straight answer.
Free to check. No card required. Takes about two minutes.
Capital at risk. This page is information, not financial advice.