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Interactive Investor Review 2023

Written by
Adam N.
Fact checked by
Updated
2w ago
Trusted by BrokerChooser
  • Regulated by the top-tier FCA in the UK
  • Founded in 2003
  • Investor protection is £85k
  • Clean track record: no major regulatory incidents or fines
2,923 people picked this broker at BrokerChooser in the last 6 months

Our take on Interactive Investor

Interactive Investor is a UK-based investment service provider. The 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, the 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 4.7/5 rating based on analyzing 500+ criteria and testing via opening a live account.

BrokerChooser score
4.7 4.7 /5
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Pros
  • User-friendly trading platforms
  • Fast and easy deposit and withdrawal
  • Great phone customer service
Cons
  • Limited product portfolio
  • Basic charting and analytic tools
  • Monthly account fee
“I recommend Interactive Investor for beginners and investors focusing on the UK market.”

Interactive Investor summary

Snapshot of key data
🗺 Country of regulationUK
💰 US stock fee£3.99 per trade
💰 Inactivity fee chargedNo
💰 Withdrawal fee$0
💰 Minimum deposit$0
💵 Available base currenciesGBP, EUR, USD, CAD, HKD, SGD, AUD, SEK, CHF
💵 Conversion fee of deposits in non-base currency1.5% mark-up for positions under £25k
💳 Deposit with bank cardAvailable
🕖 Time to open an account1 day
🎮 Demo account providedYes
🛍️ Products offeredStock, ETF, Fund, Bond
Fees
Account opening
Deposit and withdrawal
Web trading platform

For a more comprehensive, in-depth look at the broker's services and features, simply expand on the sections below.

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Fees

Score: 3.4/5
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.
Pros
  • Low fund fees
  • Regular investments are free
Cons
  • Monthly account fee
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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.
Pros
  • Fast
  • Fully digital
  • No minimum deposit
Cons
  • Only UK residents accepted
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Deposit and withdrawal

Score: 4.3/5
Deposit and withdrawal are easy, quick and mostly free. On the negative side, electronic wallets and credit/debit cards are not accpeted for withdrawal.
Pros
  • Credit/Debit card available
  • No deposit fee
  • Free withdrawal in GBP or EUR
Cons
  • No credit/debit card withdrawal
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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.
Pros
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
Cons
  • Limited customizability (for charts, workspace)
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Mobile trading platform

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.
Pros
  • User-friendly
  • Good search function
  • Touch/Face ID login
Cons
  • No two-step (safer) login
  • No price alerts
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Desktop trading platform

Interactive Investor does not offer a desktop trading platform.
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Markets and products

Score: 3.2/5
Interactive Investor offers stocks, ETFs, funds, and bonds, but funds and bonds cover only the UK market.
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Research

Score: 3/5
Interactive Investor's research tools are easy to navigate, but sophisticated analytic and charting tools are missing.
Pros
  • Trading ideas
  • User-friendly
  • Technical insights for some stocks
Cons
  • Limited interactive charting
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Customer service

Score: 2.8/5
Interactive Investor's customer service is quick to respond via phone. However, responses to emails are slow and we also missed 24/7 availability.
Pros
  • Phone support
  • Relevant answers
Cons
  • No live chat
  • No 24/7 support
  • Slow email support
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Education

Score: 5/5
Interactive Investor's educational content is well-crafted and available for free, including a demo account.
Pros
  • Demo account
  • Trading platform tutorial
  • Educational videos
Cons
None
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Safety

Interactive Investor is regulated by the top-tier FCA, making you eligible for £85,000 of investor protection.
Pros
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Parent company listed on LSE
Cons
  • Does not hold a banking license
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Bottom line

Interactive Investor is one of the biggest UK brokers, and is regulated by the top-tier FCA.
It has a user-friendly and well-designed web trading platform and mobile app. Deposit and withdrawal are easy and fast, and phone customer service is great,giving you quick and useful answers.
Interactive Investor has some drawbacks though. Its product offer covers only traditional products, like UK funds and a rather average selection of stocks. Technical research tools are limited, and there is a monthly account fee.
As there is no minimum deposit and you can use great trading platforms, feel free to try Interactive Investor.

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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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