Invest · Broker review

Trading 212

Commission-free investing for UK and EU investors with no FX fee on most plans.

Reviewed by Aayush Jain·Updated May 2026

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Overall score

8.4/10

FX rank#2 of 20

FX cost / $10k$15

Conversion spread0.15%

Trading commissionFree

Annual feeNone

Min investment$1

$5 more per $10,000 than Interactive Brokers (FX cost only)

Not financial advice.This is a comparison of FX costs only. We don't recommend specific investments. Always consult a qualified financial adviser before investing.

Verdict

Trading 212 is the best zero-commission broker for UK and EU investors. The 0.15% FX fee on currency conversion is competitive — better than eToro (0.5-1%) and most traditional brokers (1-1.5%). No annual custody fee. The pie (portfolio) feature makes automatic rebalancing easy. The only real limitation is the narrower market coverage compared to IBKR — primarily US and European stocks.

FX cost breakdown

Conversion spread

0.15%

Above mid-market rate

Fixed FX fee

None

Per currency conversion

Total FX cost / $10k

$15

Realistic all-in estimate

FX cost comparison on $10,000 investment

Interactive Brokers$10

Trading 212$15

Tiger Brokers$20

moomoo$25

Pros & cons

Pros

Zero commission on all trades
0.15% FX fee — far lower than eToro or traditional UK brokers
Fractional shares from £1
ISA wrapper available (UK) — tax-free investing
No custody fee on Invest or ISA accounts
Intuitive mobile app

Cons

UK and EU investors only — not available in India, Australia, or most Asian markets
Market coverage narrower than IBKR (primarily US + EU stocks and ETFs)
CFD arm creates conflict-of-interest perception (though Invest accounts are separate)
No bonds, options, or futures

Who can use it

UKEU

Markets available

USAUKEUGermanyFranceETFs globally

Supported corridors

GBP→USDEUR→USDGBP→EUR

Regulated by

FCA

FSC Bulgaria + CySEC

Frequently asked questions

What FX fee does Trading 212 charge?

Trading 212 charges a 0.15% currency conversion fee when buying stocks in a different currency to your account currency. For a UK investor buying USD-denominated stocks, that's £15 per £10,000 invested — vs £100-150 at a traditional UK broker.

Can I hold a USD balance in Trading 212?

Yes. Trading 212 supports multi-currency accounts. You can hold USD, GBP, and EUR balances and choose which to use when buying each stock, avoiding repeated conversions.

Is Trading 212 safe?

Trading 212 is FCA-regulated in the UK and CySEC-regulated in the EU. Client assets are held in segregated accounts. UK clients are covered by the FSCS up to £85,000. The platform has been operating since 2004.

Does Trading 212 have an ISA?

Yes — Trading 212 offers a Stocks and Shares ISA with the same zero-commission, 0.15% FX fee structure. The ISA wrapper makes all gains and dividends tax-free. There's no additional fee for the ISA.