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
Fees
- 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 |
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 |
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 |
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 |
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).
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
- Majority of clients belong to a top-tier financial authority
- High level of investor protection
- Parent company listed on LSE
Deposit and withdrawal
- Credit/Debit card available
- No deposit fee
- Free withdrawal in GBP or EUR
Account opening
- Fast
- Fully digital
- No minimum deposit
Mobile app
- User-friendly
- Good search function
- Touch/Face ID login
Web trading platform
- User-friendly
- Clear fee report
- Two-step (safer) login