MyInvestor vs Trading 212 — which broker is better?

Pros

• More than 2,400 funds with no MyInvestor purchase, custody, redemption or transfer fee, and tax-neutral fund switches
• Shares and ETFs at 0.12% per order (EUR 3 minimum on shares, EUR 1 on ETFs, EUR 25 maximum) with no custody, inactivity or dividend-collection fee
• Spanish bank licence (Banco de España code 1544, CNMV) with FGD cover of EUR 100,000 for cash and a separate EUR 100,000 for securities
• Reports clients' operations to the AEAT; MyInvestor states that holdings kept there need no modelo 720
• Index robo-advisor portfolios from EUR 150 at 0.15% management plus 0.15% custody a year, with weekly to half-yearly contributions
• More than 100 pension plans, including MyInvestor's own indexed plans, in the same app
• Free current account with SEPA transfers, Bizum and free cards; accounts opened from 1 September 2026 earn 2.50% AER for six months on up to EUR 70,000 (terms read 02.11.2026)
• Handles the W-8BEN form, so US dividends are withheld at 15% instead of 30%

Cons

• Only for residents of Spain and Spanish nationals living in another EU country or the UK, and an existing account at another Spanish bank is required
• Quotes in the app are delayed 15 minutes; only limit and market orders, and stop-losses only on NYSE, Nasdaq and Xetra
• 0.30% currency fee on foreign trades and dividends; Premium (EUR 7.99 a month) waives it only for US-dollar trades and dividends in its USD account and charges 0.25% on other currencies
• No fractional shares, and options and futures do not appear in the broker's product list
• Under the terms for accounts opened from 1 September 2026 (read 02.11.2026), idle cash earns 0.30% AER after the six-month welcome rate unless you invest EUR 300 to EUR 900 a month in selected products or hold an AXA policy taken out through MyInvestor
• Corporate actions, takeover offers and FIFO lots run through a separate Inversis website, and account activation can take up to a month

Pros

• One of the lowest all-in costs among mainstream European brokers for buy-and-hold investors: no commission, no custody fee, no inactivity fee, free withdrawals with no minimum, and a 0.15% FX conversion fee.
• Over 13,000 global stocks and ETFs across LSE, Xetra, Gettex, NYSE, Nasdaq and Euronext Amsterdam, all available fractionally from as little as EUR 1.
• Pies and AutoInvest let you define a target portfolio with weights and drip contributions into it automatically - proper portfolio automation rather than a recurring single-stock order.
• A true multi-currency account across twelve-plus currencies including GBP, EUR, USD, CHF, PLN, SEK, NOK, DKK, CZK, HUF, CAD and AUD, so you can hold the currency you trade in and avoid conversion entirely.
• Bank transfers and all withdrawals are free with no limits; card and e-wallet deposits are free up to a cumulative GBP/EUR 2,000 before a 0.7% charge applies.
• EEA clients of Trading 212 Markets Ltd. get EUR 20,000 ICF cover; Trading 212 has also stated extra insurance up to EUR 1m through Lloyd's of London, though the latest evidence of cover we could retrieve ran only to 31 January 2025.
• Regulated across five jurisdictions - FCA 609146, CySEC 398/21, BaFin 10109603, ASIC 541122 and Bulgaria's FSC - which is unusually broad for a private app broker.
• The mobile app is genuinely excellent: full account functionality, fast, and consistently among the highest-rated broker apps in the UK.

Cons

• Research is the weakest of any broker at this size. There is no meaningful screener, no analyst consensus, no fundamental data worth the name and no export tooling - you will make every decision using data from somewhere else.
• No options, no futures, no individual bonds and no mutual funds. The entire proposition is stocks, ETFs, CFDs and spot crypto; anything more structured has to live at another broker.
• Support is chat and email only, with no retail phone line. For a platform holding a pension and an ISA, the absence of a voice channel is a real gap when something is time-critical.
• Privately held, so there is no quarterly reporting or public market scrutiny of the kind eToro and XTB are subject to as listed companies.
• Governance record has two visible blemishes: blocking retail GameStop purchases in January 2021, which drew UK Financial Ombudsman complaints, and being reported in 2026 to have let UK retail clients buy crypto ETNs between October 2025 and January 2026 before holding the FCA permission.
• CFD costs are much less attractive than the investing side - the FX fee is around 0.5% rather than 0.15%, and overnight interest accrues daily on every leveraged position and compounds over time.