Is Trading 212 good for UK services like ISA?
Reading time: 5 minutes
Inflation hits hard. And to fight it, ISAs - or generally, anything other than keeping your money in a piggybank - may help a bit with your finances.
When choosing a broker or a financial service provider for opening an ISA account, your first instinct might be to go with familiar, local names. But in some cases, global brokers might have better offers overall, and might suit your priorities better. Bad UX is daunting and haunting. And sometimes, it is hard to understand fee terms at financial services. This is what we want to help you with, so let's compare! Let's raise the first question: does Trading 212 work as your main provider for your ISA account?
To sum up: yes, Trading 212 can be a viable choice as it has ISA! Let's see why.
It is an important step when you want to take your finances into your hands and find the best ISA broker for yourself. Our expert team has saved hours of work for you, and reviewed over a 100 brokers based on BrokerChooser's unique methodology. We checked — among other 500 criteria — safety, ease of account opening, fees, and education materials. This unique approach is also addressing the concerns of our UK readers based on their feedback to bring you the most viable choices.
Compare Trading 212 vs UK investment platforms
Global vs UK providers: key info
While UK-focused full-service brokers might be better known in Britain, there are several benefits to choosing a global online broker. Their services are often cheaper than the prices of their local competitors. Plus, you also don't need to let go of tax efficient ways to invest (such as ISA or SIPP accounts), as some of these global brokers also offer a wide selection of local products.
| Full-service UK investment platforms | Discount/online global platforms |
|---|---|
| All-in-one package of a broad selection of financial services | Focuses only on brokerage and savings |
| Alternative wealth products, managed accounts | DIY investment and trading |
| Higher fees | Lower fees on avarage |
| Account opening can take longer and might require in-person process | Faster and online account opening |
Compare Trading 212 vs UK investment platforms
Compare Trading 212 vs. local brokers
In this table we compared the Trading 212 and some of the top local UK financial institutions based on what they offer and for how much.
We have looked at what assets and financial products these firms offer, and how much it costs for you to grow your investments with them.
Now look at how easy it is for you to use these financial service providers.
How easy are these brokers for you to use?
| Trading 212 | Hargreaves Lansdown | AJ Bell Youinvest | Barclays | Fineco Bank | |
|---|---|---|---|---|---|
| Time to open account | 1 day | 1 day | 1 day | >3 days | 1-3 days |
| Fees class | Low | Average | Average | Low | Average |
| Withdrawal methods | Bank transfer, Credit/debit cards, Google Pay, PayPal, Apple Pay, Skrill, Dotpay, Giropay, Carte Bleue, Direct eBanking, iDEAL | Bank transfer | Bank transfer | Bank transfer | Bank transfer, Credit/debit cards |
| Quality educational texts | Yes | Yes | Yes | Yes | No |
| Markets and products score | 4.1 stars | 3.2 stars | 3.4 stars | 3.2 stars | 4.0 stars |
| Mobile user-friendliness | Great | Great | Great | - | Great |
| ISA available at broker | Yes | Yes | Yes | Yes | Yes |
The verdict on Trading 212:
- 💸 Fees: when it comes to trading and non-trading fees, Trading 212 definitely does great.
- 📱 User experience: they are also good in UX. The investment journey on mobile shouldn't be a hassle, it is easily understandable.
- 📈 Market and product selection: when it comes to a broad product selection, you'll find all the necessary markets and assets for your investments, but not so many exotic ones.
- ⏳ And the million-dollar question...what about ISA? Luckily, if all other aspects above are good enough, you can go for Trading 212 and save up in an ISA, woohoo!
Compare Trading 212 vs UK investment platforms
Still not convinced?
No worries. Thankfully, our great team brought you a unique page to collect the best brokers to open an ISA account.
We are also collected all there is to know about the best investment providers in the United Kingdom.
And lastly, go no further if you in need of a personal recommendation and feel free to reach out to us via email!
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