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Interactive Investor non-trading fees as of November 2023
I've thoroughly tested Interactive Investor services with our analyst team by opening a real-money account and these are my most important findings:
- Non-trading fees at Interactive Investor are considered to be low overall
- Apart from trading fees, online brokerages usually charge non-trading fees as well
- Inactivity and custody fees are the most important non-trading fees for long-term stock investors
You can find all the non-trading fees charged by Interactive Investor in the table below.
| Non-trading fee category | Fee amount |
|---|---|
| Inactivity fee | No inactivity fee |
| Custody fee | No custody fee |
| Conversion fee | 1.5% mark-up for positions under £25k |
| Account fee | £4.99 per month for an Essentials plan, £11.99 per month for a core Investor plan, £12.99 per month for a Pension Builder plan, Pension Essentials plan is £5.99 and £19.99 per month for a Super Investor plan, SIPP above £50,000 is £12.99 |
| Withdrawal fee | Free withdrawal in GBP or EUR. For other currencies or quicker bank withdrawal, see fees |
| Deposit fee | Free Deposit |
Data updated on November 13, 2023
At BrokerChooser, we only publish objective analyses based on live testing. Every recommendation is unbiased and based on first-hand experience: we open a live account anonymously at each broker, deposit real money and test every important feature.
What are non-trading fees and when are they charged?
Brokerage services are rarely completely free, and what you pay your broker can make a big difference in your investment results. Trading fees - such as the commission on a simple stock trade - are usually fairly straightforward, but there may be other fees lurking in the background. If you're a long-term stock investor, the following so-called non-trading fees are worth your attention:
- Inactivity fees are charged by some brokers if you don't use your account for an extended period; it's typically only a few dollars per month but can be higher sometimes
- Some brokers charge a custody fee for the safekeeping of your stock, ETF or bond investments; this is usually a very small percentage of the value of your current holdings
Other non-trading fees you may encounter include conversion fees (if your account and the stock you're buying are in a different currency), and withdrawal fees (for taking money out of your brokerage account). Thankfully, the vast majority of brokers no longer charge deposit fees (for putting money in your account) or account fees (just for maintaining your account).
To read more about possible expenses you may face as a long-term investor, check out our summary of the most common brokerage fees.
Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.
Further reading
- Interactive Investor custody fee
- Interactive Investor inactivity fee as of July 2023
- Interactive Investor equity trading fees as of July 2023
- Interactive Investor overall equity fees as of September 2023
- Interactive Investor stock trading related fees as of July 2023
- Interactive Investor stock fees explained as of July 2023
- Interactive Investor fractional share conditions explained as of July 2023
- Interactive Investor ETF trading conditions as of July 2023 explained.
- Interactive Investor non-trading fees summary as of July 2023
