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Interactive Investor Review 2024

Written by
Adam N.
Fact checked by
Gyula L.
Updated
1d ago
Key data
Fees
Safety
Deposit and withdrawal
Account opening
Mobile app
Web trading platform
Product selection
Regulated and trusted. Tested via live trading.
2,517 people chose this broker
Not available in United States; see best alternatives

Why choose Interactive Investor

Interactive Investor is a UK-based investment service provider regulated by the top-tier FCA.

Its trading platforms are user-friendly and well-designed. Deposit and withdrawal are easy, fast and mostly free. If you need phone assistance from customer service, they answer quickly. It is a good choice for beginner investors.

On the negative side, Interactive Investor's product portfolio only covers traditional products, like funds from the UK market and stocks. Furthermore, sophisticated charting and analytic tools are missing, and there is a monthly account fee.

BrokerChooser gave Interactive Investor a 4.6/5 rating based on analyzing 600+ criteria and testing via opening a live account.

  • User-friendly trading platforms
  • Fast and easy deposit and withdrawal
  • Interest on cash balances
Overall score
4.6/5
Minimum deposit
$0
Stock fee
Low
Fund fee
Low
Inactivity fee
no
Account opening
1 day
Not sure if this is the right broker for you? See the best ones.

Fees

Score: 3.3/5
Interactive Investor has average trading fees, including low fund fees, while regular investments are free. On the other hand, there is a monthly account fee.
  • Low fund fees
  • Regular investments are free
  • Interest on cash balances

We compared Interactive Investor's fees with two similar brokers we selected, AJ Bell Youinvest and Hargreaves Lansdown. These competitors were selected based on objective factors like products offered, client profile, fee structure, etc. See a more detailed comparison of Interactive Investor alternatives.

Low stock and ETF commission

Interactive Investor US stock fees are higher than the industry average. US stock fees are calculated as follows: £3.99 per trade

Broker
US stock
Interactive Investor
$5.0
AJ Bell Youinvest
$12.4
Hargreaves Lansdown
$14.9
Interactive Investor stock and ETF commission

However, it has favorable rates compared to its close competitors if you trade UK and US shares.

Low mutual fund commission

Interactive Investor Mutual fund fees are about half of the industry average. Mutual fund fees are calculated as follows: £3.99 per trade

Broker
Mutual fund
Interactive Investor
$5.0
AJ Bell Youinvest
$1.9
Hargreaves Lansdown
$0.0
Interactive Investor mutual fund commission

However its close competitors have much lower charges.
Please move your cursor over the dollar amounts to view the exact rundown of costs in pounds.

Low bond commission

Interactive Investor EU/UK government bond fees are less than half of the industry average. EU/UK government bond fees are calculated as follows: £3.99 per trade

Broker
EU/UK government bond
Interactive Investor
$5.0
AJ Bell Youinvest
$12.4
Hargreaves Lansdown
$14.9
Interactive Investor bond commission

It charges less than its closest competitors.
Please hover over the dollar amounts to view the exact rundown of costs in pounds.

No inactivity fee, low withdrawal fee

It charges no inactivity fee and there is also no withdrawal fee for standard withdrawals. Withdrawal fees are charged, though, if you make an instant withdrawal in sterling or euro, or if you make a regular withdrawal in currencies other than these.
On the negative side, there is a monthly account fee, which ranges from £9.99 to £19.99 depending on which service plan you use.

Broker
Inactivity fee
Withdrawal fee
Interactive Investor
$0
AJ Bell Youinvest
$0
Hargreaves Lansdown
$0
Interactive Investor inactivity, withdrawal and other fees

Currency conversion fees

Interactive Investor's currency conversion fees are high for amounts under £100,000. You can either convert your cash manually or, alternatively, the system will do it for you if you want to buy a security in a currency other than what is on your account (e.g. if you want to buy a US stock quoted in dollars and you have your cash balance in pounds).

Interactive Investor currency conversion fee
Currency conversion fee
£0 - £24,999 1.50%
£25,000 - £49,999 1.25%
£50,000 - £99,999 1.00%
£100,000 - £599,999 0.50%
£600,000 - 0.25%

Bear in mind that when using automatic conversion for trades that required multiple fills to execute, you will be charged the FX conversion rate applicable to each individual fill. This may result in a higher FX charge than would be calculated against the whole.

Safety

Interactive Investor is regulated by the top-tier FCA, making you eligible for £85,000 of investor protection.
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on LSE
Read more

Deposit and withdrawal

Score: 3.9/5
Deposit and withdrawal are easy, quick and mostly free. On the negative side, electronic wallets and credit/debit cards are not accpeted for withdrawal.
  • Credit/Debit card available
  • No deposit fee
  • Free withdrawal in GBP or EUR
Read more

Account opening

Score: 5/5
Opening an account with Interactive Investor is fast, fully digital, and involves no minimum deposit, but only UK addresses are accepted.
  • Fast
  • Fully digital
  • No minimum deposit
Read more

Mobile app

Score: 4.3/5
The Interactive Investor mobile trading platform is user-friendly and has a good search function. However, it lacks a two-step login and you can't set alerts.
  • User-friendly
  • Good search function
  • Touch/Face ID login
Read more

Web trading platform

Score: 4.3/5
Interactive Investor's web trading platform is user-friendly and easy to use, but the platform cannot be customized.
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Read more

Product selection

Score: 2.6/5
Interactive Investor offers stocks, ETFs, funds, and bonds, but funds and bonds cover only the UK market.
Read more
“I recommend Interactive Investor for beginners and investors focusing on the UK market.”

FAQ

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Author of this review

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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