Would also appreciate some opinions of 212.
And happy to click a referral link!
I've been using Trading 212 for several months - have a portfolio of £4.5K in there, spread across an invest account and a stocks & shares ISA. On paper losses at the moment, but using this opportunity to average out my cost average on quality companies.
No fees for deposits or withdrawals. If you fund your T212 account using a credit card, some credit card companies treat it as a cash withdrawal and charge you a fee for the privilege. On that basis I use bank transfer or my debit card to fund my T212 account - no fees so far from either on the bank end.
Be aware that if you come to make a withdrawal from your T212 account that they will only pay out to one of your funding sources - so if you do a bank transfer of the funds and later withdraw, T212 will only send the money back to that bank account.
In terms of taxes, none on any capital gains or divdends as a result of the stocks and shares ISA. On an invest account, it will be taxed over and above whatever your allowances are - think at the moment HMRC lets you keep upto £2000 worth of dividends tax free and upto £12,000 of capital gains? I'm not a financial advisor nor tax professional, so take my observations with a massive pinch of salt!
What you will get hit with, and is pretty much unavoidable, is stamp duty for purchases of UK stocks and for US stocks, there is no stamp duty but there is a with-holding tax applied at source to any dividends (think it's 15% IIRC).
There's a video on my YouTube channel with referral link and where I talk about getting started. Obviously not allowed to post referral links here (only found out recently), but someone (possibly from here) used mine yesterday and I got a free share in Under Armour. Would be nice to know what the other person got!
A work colleague signed up and we both got a share each in National Grid, relatively pleased with that one. Will likely sell the Under Armour share though. For anyone signing up, it's worth using a referral code from somewhere, it's free and you might get lucky and get something decent.