What broker do people move to after hitting Trading 212 position limits?

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1

I’ve generally liked Trading 212 for the simplicity/UI and low platform costs, but I’m starting to think about longer-term scalability and whether it makes sense to diversify more across platforms.

Interested in:

  • Which brokers people use alongside or instead of Trading 212

  • Whether you stayed with app-first brokers or moved to something more traditional

  • Experience with execution, FX fees, support, ISA/SIPP availability, etc.

  • Any downsides after switching

Especially interested in UK users thoughts :blush:

2

One of the big players, IG, have just dropped their commission rate to zero. That’s worth a punt. The only other zero commission platform I know of is Free trade.

3

How about IBKR? I use it and quite happy with them.

Not free but you get the best, CS is definitely not up to par with T212 but gets the job done.

4

I use Fidelity and AJ bell for SIPPs. Fidelity is more basic but offered Pension Protection Age to 55 if opened before Nov 2021.

AJ Bell I like because it offers Index Linked GILTs to buy online(not needing to call like other brokers).

Scottish Widows(ex iWeb) for one ISA due to no fees to hold, ÂŁ5/trade, but offers free regular investments. I use this for funds as no charge.
Basically free if you use their regular investment and not selling

T212 I use to buy for no transaction fees and low FX, but keep switching to either HL(not anymore as they change their fee structure), either AJ Bell- not sure yet.

5

Probably fine but given 212 partner with them to provide services, I would probably pick another.

6

I think it depends on what you are investing in.

Freetrade is mostly free now if just using ISA / SIPP and you don’t need the faster withdrawals & better support. But their FX fees are significantly higher than T212 and Robinhood.

This works out ok for me, as I hold my UK ETF’s and Investment Trusts on Freetrade and then my individual shares (foreign and UK shares) on T212 for the lower FX fees.

7

I’ve opened up an IBKR to buy some stocks that aren’t on 212 and to try out options.

If IBKR ever removed the ÂŁ3 ISA fee floor id completely switch, despite the commissions.

My main gripe with trading212 is that they aren’t doing anything to actually provide more usability to the platform.

I’ve been with them since 2019 and we still do not have the Tokyo stock exchange in stock ISA (it is ISA compliant)

Only recently did we get pensions but it mostly seems to really crap UI/UX updates that they then roll back.