Basic data of broker
Recommended for Beginners and investors focusing on the UK market
Recommended for Investors and traders looking for low fees, quick account opening and simple platforms
UK
USA
Fees
Average trading fees, low non-trading fees, no withdrawal fee
Low trading and non-trading fees, high fund fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
9
1
Deposit type
Withdrawal type
Account opening
$0
$0
1 day
1 day
Proof of identity: passport or driver's license Proof of residency: bank statement or utility bill
None for those with an IP address in the US; for those that don't--2 utility bills, drivers license, passport
Trading platform
Markets and products
Research, education
Poor
Mid-range
Customer service
Security
£85k
$500k (securities up to $500k, cash up to $250k)
£85k
$500k (securities up to $500k, cash up to $250k)
2003
2010
UK
USA
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
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.
Interactive Investor's service is on par with Merrill Edge's and a comparison of their fees shows that Interactive Investor's fees are slightly higher than Merrill Edge's.
Account opening takes about the same effort at Interactive Investor compared to Merrill Edge, deposit and withdrawal processes are more seamless at Interactive Investor, while customer service quality is lower than Merrill Edge's.
Our experts rated the trading platform of Interactive Investor as somewhat worse than the platform of Merrill Edge, found that clients have access to slightly more markets and products with Interactive Investor, while Merrill Edge provides somewhat better research and education.
More alternatives to Interactive Investor and Merrill Edge