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Both are free to hold an ISA with, both charge no dealing commission, and both are FSCS protected. The differences are narrower than the marketing suggests, but they are not trivial — and which one wins depends almost entirely on whether you plan to buy American shares.
| Freetrade | Trading 212 | |
|---|---|---|
| FX fee | 0.99% | 0.15% |
| Junior ISA | Yes | No |
| Funds | Yes | No |
If you'll buy US shares, Trading 212. Currency conversion is the single largest recurring cost difference between the two, it applies every time you convert, and the gap is wide. If you want a Junior ISA, or to hold funds rather than just shares and ETFs, Freetrade — Trading 212 offers neither. For a UK-shares-only ISA the two are close enough on cost that whichever app you find easier to live with is a defensible tiebreak.
Freetrade review · Trading 212 review · Compare every UK platform