Overview of Interactive Investor fees and charges
It's safe to say that Interactive Investor's fees are low in general. They either don't charge a brokerage fee for things other brokers do charge for, or they only charge a small amount. This means that you can use Interactive Investor even in case you trade frequently like multiple times a week or daily.
Here's a high level overview of Interactive Investor's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | Low | "Investor" and "Pension Builder" fees: £5.99 per trade; "Super Investor" fee: £3.99 per trade |
| EURUSD fee | - | Not available |
| US tech fund fee | Low | "Investor" and "Pension Builder" fee: £5.99 per trade; "Super Investor" fees: £3.99 per trade |
| Inactivity fee | Low | No inactivity fee |
Interactive Investor fees
Interactive Investor fees explained
We compare Interactive Investor fees with its closest competitors, AJ Bell Youinvest and Hargreaves Lansdown.
Interactive Investor fees
Interactive Investor trading fees
Interactive Investor's trading fees are mid-tier which means you need to pay special attention to asset classes with high trading fees.
Let's break down the trading fees into the different asset classes available at Interactive Investor.
Trading fees
Interactive Investor's trading fees are low.
Stock fees and ETF fees
Interactive Investor has average stock trading fees.
| Interactive Investor | AJ Bell Youinvest | Hargreaves Lansdown | |
|---|---|---|---|
| US stock | $6.8 | $11.2 | $13.5 |
| UK stock | $6.8 | $11.2 | $13.5 |
| German stock | $22.6 | $11.2 | $13.5 |
Fund fees
Interactive Investor fund fees are low.
| Interactive Investor | AJ Bell Youinvest | Hargreaves Lansdown | |
|---|---|---|---|
| Mutual fund | $6.8 | $1.7 | $0.0 |
| EU mutual fund | $9.6 | $1.8 | $0.0 |
Bond fees
Interactive Investor has low bond fees.
| Interactive Investor | AJ Bell Youinvest | Hargreaves Lansdown | |
|---|---|---|---|
| US Treasury bond | - | - | - |
| EU government bond | $6.8 | $11.2 | $13.5 |
Financing rates
Interactive Investor financing rates are .
If you want to trade on margin and prefer to hold your positions long, financing costs can be significant.
| Interactive Investor | AJ Bell Youinvest | Hargreaves Lansdown | |
|---|---|---|---|
| Apple CFD financing rate | - | - | - |
| Vodafone CFD financing rate | - | - | - |
| EURUSD financing rate | - | - | - |
| EURGBP financing rate | - | - | - |
Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.
Currency conversion fee
Interactive Investor will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: 1.5% mark-up for positions under £25k.
Interactive Investor fees
Interactive Investor non-trading fees
When it comes to looking at all the non-trading fees Interactive Investor is a cheap broker. This means that they don't charge you a lot for non-trading related activities on your trading account, like withdrawal fee.
Non-trading fees include various brokerage fees and charges at Interactive Investor that you pay not related to buying and selling assets. Among some others, typical non trading fees are withdrawal fee, deposit fee, inactivity fee and account fee.
| Interactive Investor | AJ Bell Youinvest | Hargreaves Lansdown | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | No | No |
| Account fee | Yes | No | No |
Interactive Investor fees
Interactive Investor deposit fee
Deposit fees are applied when you send money to your trading account from your bank account. Usually brokers don't charge money for that and Interactive Investor is not different: you will see the exact same amount on your brokerage account that you sent by any of the deposit methods Interactive Investor offers.
| Interactive Investor | AJ Bell Youinvest | Hargreaves Lansdown | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | No | No | No |
| Deposit fee | $0 | $0 | $0 |
Interactive Investor fees
Interactive Investor withdrawal fee
Unlike some online brokers we have reviewed Interactive Investor does not charge a withdrawal fee. This means that you'll see the same amount of money on your bank account that you transferred from your brokerage account.
| Interactive Investor | AJ Bell Youinvest | Hargreaves Lansdown | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | No | No | No |
| Withdrawal fee with bank transfer | $0 | $0 | $0 |
Interactive Investor fees
Interactive Investor inactivity fee
Interactive Investor does not apply an inactivity fee which is great because your account will not be charged even if you do not trade for a longer time period (months or years).
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