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Best Investment App Alternatives to Trading212

Investors in the UK are looking for alternatives to Trading 212 investment app, after the owners restricted trading of so called “meme” stocks like Gamestop, Nokia and Blackberry, to name a few.

Infuriating investors around the world, Trading212 – which is a UK robo-advisor investment app – followed their US rivals Robinhood – which is yet to launch in the UK – by stopping traders from buying shares in Gamestop on 27th January 2021.

Furthermore, millions of users on the social platform Reddit appear to be at loggerheads with Wall Street hedge funds who are betting against stocks to fail like GME, AMC and KOSS, potentially earning them billions of dollars.

It’s no surprise that users of the Trading 212 app are unhappy and are looking for alternatives to trade online. One of the benefits of online trading apps like Trading212 is the zero fees and commissions on trading stocks as well as gaining free stocks when you refer a friend.

Thankfully there are alternatives to Trading 212 in the UK and I have a recommended list for you to refer to.

List of alternatives to Trading 212




One of the best investment apps in the UK for low-cost trading

Minimum deposit £50
0% commission trading stocks

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees




A great investment app with themed portfolios

Suitable for both experienced investors and newcomers.
New customers get a £50 welcome bonus!

Capital at risk.



New accounts get a free share worth up to £200

Get a Free share worth between £3 to £200
Just open an account and fund with as little as £2

Capital at risk.

Interactive Investor

Interactive Investor

Good investment app for DIY Investors

Minimum deposit £0
Fees – £9.99 a month + £7.99 per trade

Capital at risk.

Wombat Investment App Review


Good app for small investments

Get £10 FREE to invest when you open an account
£0 Fees for investments under £250

Capital at risk.


Regulated by the Financial Conduct Authority in the UK, eToro is a trading platform that offers 0% fees on stock trading.

The investment app is very well designed and allows users to copy popular traders and their portfolios making it our number one choice for UK investors looking for an alternative to Trading212.


67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees apply. For more information, visit etoro.com/trading/fees



Established in 2018 in the UK, Freetrade is a Fintech robo-advisor investment app with a no frills approach. Available on the App Store and Google Play the app is regulated by the FCA for peace of mind to UK investors.

Opening a share dealing account with Freetrade is simple and quick. New accounts using our referral code will receive a free share worth between £3 and £200 as soon as you’ve funded your account with at least £50.

If you wish to trade GME (and other S&P SmallCap 600 stocks) with Freetrade you need the “Freetrade Plus” account which costs £9.99 per month. However with this account you will also receive an industry beating 3% on the cash in your account plus the Stocks and Shares ISA account is included for free (allowing you to invest tax free up to your annual allowance)



Although originating from The Netherlands, DEGIRO is authorised and regulated by the FCA in the UK and they offer a range of financial products including share dealing accounts, investment funds and Exchange-Traded Funds (ETFs).

Investors in the UK can open a free account and benefit from low fees of £1.75 + 0.014% on UK stocks.

Suitable for novices and experienced investors alike, DEGIRO has access to 50 exchanges around the world, making it easy to buy shares in the UK and the US. Investors can easily buy stocks in Apple, Netflix or Tesla with fees of just € 0.5 + $0.004 per share.


Hargreaves Lansdown

With £104 billion in assets in over 1.4 million client accounts, Hargreaves Lansdown is one of the UK’s largest and most popular investment platforms for UK investors.

Fully authorised by the FCA in the UK, Hargreaves Lansdown is a multi-award winning financial services company with a wide range of products including share dealing accounts, investment trusts, ISAs, SIPPS and more.

An HL Fund and Share account attracts a maximum charge of £11.95 per UK share deal online, so whilst the fees aren’t the cheapest, you’re getting peace of mind with one of the best investment apps available to UK investors.


Interactive Investor

The trading account with Interactive Investor is arguably one of the best when using their award winning investment app.

With over 40,000 global shares and ETFs to choose from, investors can trade in UK, US and even EU stocks on 17 exchanges.

The option to create a free research account is an attractive option if you’re a novice investor. Virtual portfolios are easy to create to allow the first time investor to get a feel for investing before risking any money.

Opening a new trading account with Interactive Investor starts at just £9.99 per month.


Trading 212 vs eToro – Which is better?

eToro is our recommended alternative to Trading 212 for a number of reasons including:

  • eToro has been established for over 12 years, whereas Trading212 has only been in operation for 8 years.
  • eToro has the innovative CopyTrader™ and CopyPortfolio™ products which allows you to automatically trade like the top traders on the eToro platform
  • eToro offers 0% commission on Stocks & ETFs
  • With eToro you can trade all of the major cryptocurrencies (BTC, XRP, ETH. BCH and LTC)
  • Unlike Trading212 the team at eToro have currently not restricted trading on so-called meme stocks – Gamestop, Blackberry, Nio, Tesla, AMC Networks and Nokia, but this could change, without notice
  • eToro also provide a super easy to use platform and great customer service

Trading 212 vs HL – Which is best?

Whilst Trading 212 has the benefit over HL of a free trading account and a demo account for practicing trading with research tools, HL has access to a wider range of shares than Trading 212.

Some of the benefits of HL over Trading 212 include:

  • One of the biggest and longest established trading platforms in the UK
  • As a market leader can provide a full range of investment products to suit your trading needs – including SIPPs, ISAs, Annuities, Fund Investing, Financial Advice, Pensions as well as trading in Stocks and ETFs
  • A wide range of educational tools and resources are available for free, including calculators, in-depth guides and watchlists
  • No inactivity fees
  • Multi-award winning investment platform

Freetrade.io vs eToro – Which is best?

Freetrade has built a huge and loyal following in the UK however recent events in the US stock-market have exposed the downside of fintech start-ups. When the markets get volatile (aka when you need the markets the most), you want to be able to rely on your trading platform.

Some of the benefits of eToro over Freetrade.io include:

  • Over 15 million customers
  • Offers 0% commission shares and ETFs similar to FreeTrader
  • eToro does not require a monthly fee to access US share trading (FreeTrade charges £9.99 per month)
  • The innovative CopyTrader™ and CopyPortfolio™ is only available on the eToro platform
  • Get a seamless experience across all devices with eToro

Frequently Asked Questions

Does Trading212 do options?

No trading212 does not offer options. On the Trading212 platform you can trade CFDs, stocks and ETFs.

What’s the difference between Trading212 CFD and invest?

CFDs are Contracts for Difference which are a bet on which direction the price of a financial instrument (share price, ETFs, commodities, forex etc). With a CFD you can bet on the price going up or down. CFDs are leveraged products which means you can lose more than you deposit.

Trading212 invest is their platform that allows you to trade stocks and ETFs. This is where you are buying and selling without leverage and own the underlying instrument. The company uses commission free trading on Stocks and ETFs to attract traders to the platform in the hope that they become CFD traders where the company will make money.

Can you lose money with Trading212?

Yes absolutely. If you are trading Stocks and ETFs you can lose your investment, if you are trading using CFDs you can lose more than your investment. This is not limited exclusively to Trading212 and applies to all trading platforms.

What does stonks to the moon mean?

Stonks to the Moon was first coined by Reddit community traders in the group WallStreetBets and refers to an intentional misspelling of the word “stocks”. “To the Moon” is taken from the bitcoin crypto community who believe that the price of bitcoin will ultimately get so high that it will “reach the moon”

The WallStreetBets community have a meme that states that share prices only go up and that anyone who shorts shares (bets on the price going down) is a 🌈  🐻  which is code for “Gay Bear”. Gay, not in a homophobic way, but a meme culture way of weak and Bear referring to someone who is negative on the share price (versus a bull who believes prices will go up) 

What is the best alternative to Freetrade in the UK?

We believe that eToro with their 0% commission trading on Stocks & ETFs is the best alternative to Freetrade.io in the UK.

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