Alternative trading apps to Trading 212 - YouTube

Trading 212 lets you invest in stocks, ETFs, forex, commodities and more without paying

commission.

There’s a demo account to practice with and an ISA to hold your investments tax free

up to £20,000 per year.

With apps like these, who needs alternatives?

Well, if you’re not completely sold on Trading 212 or just want to trade on a different platform

with similar features, here are 7 top trading apps you could try.

eToro

Not unlike Trading 212, eToro has quite a complex trading screen, which could potentially

be overwhelming to newbie investors.

But, much like its rival app, eToro backs up its intricate interface with loads of features

like a demo account, professional charting tools and research, offline trading and more

than 1,000 stocks from some of the biggest exchanges in the world.

As well as commission-free trades.

Freetrade

If you’re looking for another platform that lets you invest in an ISA, then Freetrade

might be an option for you.

The ISA costs £3 per month, but with free trades (excluding the FX costs on US Trades),

it’s still one of the cheaper offerings.

With Freetrade you can buy individual UK and US shares, and invest in a variety of funds

and exchange traded funds.

The app’s interface echoes that of digital challenger banks like Monzo and Starling,

so it also has the added benefit of being super easy to use and navigate.

Fineco

Fineco Bank (often shortened to just “Fineco”) is a popular choice for those that want to

be exposed to global markets.

It has a pretty detailed platform and lets you trade more than 75,000 financial instruments

worldwide across 26 global markets.

You can also invest in funds and bonds.

The app has more features than a lot of its competitors from advanced charting tools for

more experienced investors to free webinars, live events and video guides for beginners.

IG

IG is a great app for investing pros and beginners alike.

It offers several additional financial products including an ISA and self-invested personal

pension as well as lots of advanced trading features and low fees.

Beginners can download the free IG Academy app for online trading courses, webinars,

interactive quizzes, exercises and video guides to help them build their expertise.

IG does charge inactivity fees so may be better suited for someone who plans to trade regularly

as opposed to someone who’s just dipping their toe in.

Fidelity

With Fidelity, you can open a general investment account, ISA and SIPP as well as a junior

ISA and a junior SIPP for kids.

The app comes with loads of guidance and investment tools like calculators, videos and reviews

to help you make the most informed investment decision.

But where Fidelity sets itself apart is in its ease of use.

The app is well laid out and follows a logical step by step approach, and can be customised

to suit your risk profile and investment goals.

DEGIRO

With fees on average 85% lower than its local competitors and trading options across more

than 50 stock exchanges in 30 countries worldwide, DEGIRO is a very competitive choice for international

trading.

With shares, bonds, ETFs and more on offer, DEGIRO gives you the option to diversify your

portfolio both geographically and across different financial assets.

Stake

Stake lets you trade more than 4,500 US stocks and ETFs on its mobile app and desktop.

One of the first online trading platforms to offer commission-free US share trading

to people outside the US, it offers unlimited trades on all accounts and has no hidden foriegn

exchange fees.

It’s worth being aware that, because it only offers US stocks, Stake operates on US

market hours so any trades you make outside of those hours will not be executed until

the market opens the next day.

What next?

When hunting for the right trading app or platform for you, make sure you have a good

old think about what features and assets you prize the most, how often and how much you

will trade and what fees you’re willing to pay.

For more info, head to finder.com.

You’ll find a whole bunch of useful links in the description below.

Like and subscribe to our channel or stay tuned for more videos like this one.

Thanks for watching.