Trading 212 ISA Vs InvestEngine

As a UK-based investment platform, Trading 212 is able to offer both an ISA and an Invest account. The ISA is a tax-efficient saving and investing account which is typically used by investors who have a long-term investment horizon and financial security goals. The Invest account, on the other hand, is tailored towards individuals who want flexibility and a broader range of asset choices.

Both accounts are backed by the Financial Services Compensation Scheme (FSCS), meaning your funds are protected up to PS85,000. In terms of fees, both accounts have no account or trading charges.

Trading 212 ISA vs Invest also offers a cash ISA that pays 5.17% interest on cash held within the account, which is higher than the rate offered by many of the top high-street banks and competitor investment platforms. Additionally, if you transfer money in or out of the ISA to another provider, there are no fees to pay.

Trading 212 ISA vs Invest: Key Differences & Best Choice

InvestEngine also offers a cash ISA, but it doesn’t have as much features as the Trading 212 ISA. However, it does offer a raft of other benefits including no account or trading charges and free transfers in or out of the ISA.

As a platform that specializes in ETFs, it’s not surprising that InvestEngine has an advantage over Trading 212 when it comes to the range of assets available to investors. In addition to more than 700 ETFs, InvestEngine has excellent customer feedback and offers a self-invested personal pension (SIPP), as well as a business account – all of which are not currently available at Trading 212.