Are you confused about whether to choose Interactive Investor vs Trading 212 as a broker for your investing needs?
In this side-by-side comparison, we analyse Interactive Investor vs Trading 212 to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Interactive Investor vs Trading 212: In a Nutshell
UK investors with medium-to-large portfolios
Interactive Investor is a UK flat-fee investment service with more than 400,000 users with over £55 billion in assets under management.
It offers a vast selection of investment options, including trading, SIPP, and ISAs. The Stocks and Shares ISA starts at £4.99 per month (“Investor service plan”).
Interactive investor also provides 24h customer support on weekdays as well as a very active discussion forum.
Commission-free stock and ETF trading
Trading 212 is a fintech based in London that aims to democratize the entire investment process through a simple web and mobile application.
The company aims to do this by allowing its more than 15 million users to invest in over 10,000 stocks and ETFs, Forex, commodities, CFDs, and cryptocurrencies.
You will find commission-free stocks and ETFs trading, fractional shares, and even an automatic investment system. New users get one free share worth up to €100 (promo code IITW). On the downside, it shows limitations regarding available products.
Pros and Cons
Interactive Investor
Pros
- User-friendly trading platforms
- Multi-currency account
- Access over 40,000 global investments
- Exclusive seminars and events
- Good educational resources
Cons
- Limited product offering
- Basic charting (limited customization) and analytic tools
- Expensive for investors with smaller portfolios
Trading 212
Pros
- Commission-free Real Stocks and ETFs trading
- AutoInvest & Pies feature
- Fast and easy account opening process
- Demo account
- Top Tier Regulators
- One free share worth up to 100€ using the promo code "IITW"
Cons
- Limited product portfolio (no Options, Bonds, Mutual Funds or Futures)
- No relevant Fundamental tools
- Spreads on Forex CFDs may be high in certain trading hours
- Foreign exchange fees (0.15% and 0.50% in “Invest” and “CFDs” accounts, respectively)
Interactive Investor vs Trading 212: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
