WhichBrokerThe one-line version
Trading 212 charges nothing to buy or sell stocks and ETFs, nothing to hold them, and nothing to withdraw. What you pay is a 0.15% currency conversion fee on trades in a foreign currency, a 0.7% fee on card deposits after the first €2,000, and on the CFD account, spreads, overnight financing and a higher 0.5% FX fee. Every other cost on your statement is a tax or exchange levy that any broker would pass on.
That makes it one of the cheapest ways to own shares from the UK or Europe. It also means the fee you should actually think about is the one most people never see: the currency conversion, which is where a “free” broker earns part of its money.
Every Trading 212 fee in one table
| What | Invest, ISA, SIPP | CFD account |
|---|---|---|
| Commission | none | none |
| Currency conversion (FX fee) | 0.15% | 0.5% |
| Spread | market spread only | dynamic spread, e.g. ~1.2 pips EUR/USD |
| Overnight financing | none | daily interest on open positions, shown per instrument |
| Custody or platform fee | none | none |
| Inactivity fee | none | none |
| Deposit by bank transfer | free | free |
| Deposit by card, Apple Pay, Google Pay | free to €2,000 lifetime, then 0.7% | same |
| Withdrawal | free | free |
| UK stamp duty on share purchases | 0.5% (HMRC, not Trading 212) | not applicable |
| PTM levy | £1.50 on UK orders over £10,000 | not applicable |
All figures from Trading 212’s fee schedule and help centre, checked 24 September 2026.
The FX fee, and how to avoid paying it twice
Trading 212 accounts are multi-currency. If you hold pounds and buy a US share, the pounds are converted to dollars at the live rate plus 0.15%. On £1,000 that is £1.50. Sell the share and convert back and you pay another £1.50. For comparison, XTB charges 0.5% for the same conversion, and many percentage-fee platforms charge 1% or more.
The way round it is to stop converting. Switch on the multi-currency account, keep a USD balance, and every subsequent US trade settles in dollars with no fee. Dividends from US shares arrive in dollars too, so a long-term US portfolio can run for years with a single conversion at the start. The same applies to euros for European stocks.
Two things people miss. Pies and AutoInvest still pay the 0.15% on any instrument in a foreign currency, because each deposit is converted when it is invested. And the CFD account’s FX fee is 0.5%, not 0.15%; it applies to profits and losses on positions priced in a foreign currency, which is one reason the CFD account is the expensive way to hold exposure for more than a few days.
The card-deposit threshold
Trading 212 pays the card networks’ fees for your first €2,000 of deposits by card, Apple Pay or Google Pay, counted across the life of your account. After that, every card deposit costs 0.7%. The counter does not reset each year and it does not distinguish between accounts under one login.
For a monthly investor this matters. Deposit £300 a month by card and you cross the threshold in the sixth month; from then on each deposit costs £2.10, which is more than the FX fee on the shares you buy with it. Bank transfer is free without limit, and instant bank payments arrive in minutes. Set up the bank route on day one and the 0.7% never applies.
What a £1,000 purchase actually costs
| Purchase | Trading 212 fee | Other charges | Total |
|---|---|---|---|
| £1,000 of a US share, from GBP | £1.50 FX | none | £1.50 |
| £1,000 of a US share, from a USD balance | £0 | none | £0 |
| £1,000 of a UK share | £0 | £5.00 stamp duty | £5.00 |
| £1,000 of a UK-listed ETF | £0 | none (ETFs are exempt from stamp duty) | £0 |
| £1,000 of a French share | £1.50 FX | £4.00 French FTT (large caps) | £5.50 |
Stamp duty and the French financial transaction tax are government charges collected by every broker. Trading 212’s own take in each row is the FX column, and in two of the five it is zero.
The cost of cash
Uninvested cash earns nothing until you switch on interest. When you do, Trading 212 places it across banks and qualifying money-market funds and pays a variable rate: around 3.55% on GBP, 3.30% on USD and 2.50% on EUR when we checked in September 2026, paid daily. The Cash ISA pays 3.60% AER variable as of 17 July 2026, tracking the Bank of England base rate less 0.15 percentage points, with promotional bonuses for new customers at times.
The catch is not a fee but a change in protection: the part of your cash placed in money-market funds is an investment and is not covered by the FSCS deposit scheme. We set that out in Is Trading 212 safe?. For most people the rate is worth the trade; if it is not for you, leave interest off and the cash sits in a bank earning nothing.
Share lending works the other way round: it pays you. Trading 212 lends shares in the Invest account to institutions and passes on half the lending fee, collateralised at 102% or more. It is on by default and can be switched off in the app.
CFD account costs
The CFD account is where Trading 212 looks like a conventional broker. There is no commission, but each instrument carries a spread that widens and narrows with the market, and every position held past the daily cut-off is charged overnight interest, positive or negative depending on direction. The rate for each instrument is on its details page in the app. Add the 0.5% FX fee on non-account-currency instruments and a leveraged position held for weeks will cost more than the same exposure held as shares.
That is by design: CFDs are for short-term, leveraged trading, and Trading 212’s disclosure states that 77% of retail accounts lose money on them. If you want tighter spreads and full trading tools for that activity, Pepperstone is built for it; if you want to own the asset, use the Invest account.
Fees Trading 212 does not charge
It is worth listing, because rivals charge for most of these: no account opening fee, no monthly platform fee, no ISA or SIPP administration fee, no custody fee, no inactivity fee, no withdrawal fee, no fee for dividends or corporate actions, no charge for fractional shares, and no fee for the 212 debit card, which spends from your balance with no FX mark-up abroad.
Verdict
For a stock and ETF investor, Trading 212’s total cost is the 0.15% FX fee on foreign-currency trades and nothing else, and even that can be engineered down to zero with the multi-currency account. Fund by bank transfer, decide deliberately about interest on cash, and keep the CFD account for what it is for. The full assessment, including platform and safety, is in our Trading 212 review, and XTB vs Trading 212 shows how the two cheapest European brokers compare line by line.
Frequently asked questions
Does Trading 212 charge commission?
No. Buying and selling stocks and ETFs in the Invest, ISA and SIPP accounts is commission-free, with no custody or platform fee and no inactivity charge. The costs are elsewhere: a 0.15% currency conversion fee on trades outside your account currency, government charges such as UK stamp duty, and on the CFD account, spreads, overnight interest and a 0.5% FX fee.
How much is the Trading 212 FX fee?
0.15% on Invest, Stocks and Shares ISA and SIPP trades that need a currency conversion, and 0.5% on the CFD account. On a £1,000 purchase of a US share the Invest fee is £1.50. Holding a USD balance in the multi-currency account avoids the fee on later trades in that currency.
Are Trading 212 deposits and withdrawals free?
Bank transfers and instant bank payments are free. Card, Apple Pay and Google Pay deposits are free up to €2,000 of lifetime deposits and then cost 0.7% each. Withdrawals are free by every method; your bank or card issuer can take up to a few business days to post them.
Is there an inactivity fee on Trading 212?
No. There is no inactivity, dormancy or account-maintenance fee on any Trading 212 account. An account with £1 in it can sit untouched indefinitely at no cost.
