Best Trading 212 account  is one of the UK’s best-known platforms for commission-free trades. They’re also regulated by the FCA and part of the FSCS so deposits up to PS85,000 are protected in case they go bust. They’re an excellent choice for beginners and those who want to invest in ETFs and stocks but don’t have a lot of money to spare.

They offer a CFD account for those looking to leverage and trade on price movement without owning the underlying asset (this is more risky). They also have an Invest account that’s suitable for buying and holding shares, plus an ISA option that’s tax-free if you’re a UK resident.

Demystifying Trading 212 Account Types: Which One Is Right for You

All brokers are legally required to display a notice that trading is highly risky, and it’s nice to see that Trading 212 takes this seriously. The message is prominently displayed at the top of every page on their website and you can upload a utility bill, passport or driving licence to confirm your identity when you create an account.

Deposits with a bank transfer are free, but there’s a small fee when you use a credit card to make a deposit or withdrawal. You can earn interest on uninvested cash in your account by setting up a savings plan, but the rate is quite low. Trading 212 does charge a few fees for administrative processes such as closing your account or supplying statements, but they’re not unreasonable. They’re among the cheapest investment platforms for everyday investors, and also offer zero commission on CFD trades.