Trading 212 ISA vs Invest – What is the Difference? online investment platforms with a huge range of share and exchange-traded funds (ETFs). They also pay interest on uninvested cash, earn up to PS20 in cashback with their new debit card, and have a free practice portfolio.

It’s regulated by the Financial Conduct Authority (FCA) in the UK, which provides peace of mind that your funds are safe. It is also a member of the Financial Services Compensation Scheme, which guarantees deposits up to £85,000.

Both Trading 212’s ISA and Invest account allow UK residents to enjoy tax-free gains on stocks and ETFs. The Invest account, however, offers a broader range of investment options and is suitable for novice and seasoned investors alike.

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Opening a Trading 212 account is a simple process that can be done entirely online, as long as you meet the minimum requirements. You’ll need to provide proof of identity and address, as well as pass a basic credit check.

You’ll need to deposit at least £1 into your account before you can trade. You can do this through their website or smartphone app. You can also make deposits directly from your bank account. Unlike many other DIY investing platforms, Trading 212 doesn’t charge a fee for stock and ETF trading. However, they do have a 0.15% FX fee for investments in currencies other than GBP. This is still relatively low compared to other major FX brokers, though.