Trading212 not allowing new accounts

anonmoose

What is the next best option for someone trading infrequently very small amounts.  Basically I had a few shares many years ago but I am inexperienced and want to have a go again with small amounts. 

Unfortunately the S&S Isa I have has funds and trackers etc. not specific shares.  Which is fine for the majority of what I want.  Should I change ISA provider in April or use an alternative to Trading212.  I have read Degiro is a comparable alternative is that correct?  Any others you would recommend over Degiro?  

I don't think the tax implications of being out of the isa will make much difference to me as I am only talking small numbers and am a low earner.

masonic

There is also Freetrade. Their ISA has a monthly fee, but the general investment account does not. If you are planning to trade infrequently with small amounts then the ISA wrapper may not be important to you, although you will need to track your capital gains and dividends in an unwrapped account. Trading212 appears to be running a wait-list, so you could join it and open your account there when they invite you to do so.

mattywallace121

Freetrade is a great alternative for trading small amounts of UK shares with zero fee.

There is a 0.45% FX fee for foreign markets but you can buy fractional shares.

anonmoose

OK thanks masonic and matty I will look into Freetrade.

DireEmblem

212 are starting to work through the UK waiting list, so might not be too long.

You can get a free share by signing up to 212/FreeTrade/GoLightYear/GoTrade.  You could trial them and find out which one works best for you?

Keep an eye out for Dodl too.