How does Interactive Investor stack up against eToro, another top share broker in the UK? Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Interactive Investor is a UK share broker launched in 1995. Interactive Investor has more than 300,000 clients in total and manages more than £36 billion in assets. Over time, this can make a huge difference. International share trades cost £9.99 each. If you continue to use this site we will assume that you are happy with it. All of the research and analysis available to traders on Interactive Investor comes from Morningstar. This does not have any effect on what we write.Â. By continuing to use this website you agree to our privacy policy. Past performance is no guarantee of future results. It offers a much more advanced charting interface and a wide variety of technical studies. Interactive Investor charges £120 a year compared to just £60 at The Share Centre for a basic Isa account before dealing charges 300,000 investors could see fees double as … Interactive Investor carry a quarterly fee of £22.50, plus a trading fee of £10 for buying and selling (this reduces to £6 if you are doing frequent trades). You can choose your settlement currency (note that there may be fees for settling in a currency other than pounds) and your settlement date, as well as clearly see any fees that the platform will charge for your trade. With this plan, UK share, fund, and ETF trades cost £3.99 while US share trades cost £4.99 each. Interactive Investor*, the investment platform recommended in our book, Your Retirement Salary, as a good all-round choice for many, has announced a change in its charging structure. Notably, Interactive Investor’s popularity has also led it to become something of a hub for active traders. While there are improvements we’d like to see to Interactive Investor’s platform – most notably, better technical charts and an improved mobile app – there’s a reason this broker has attracted more than 300,000 users. eToro’s mobile app is also superior, as you have access to technical charts and price alerts. This website is free for you to use but we may receive commission from the companies we feature on this site. Apologies for the hold, you should have been able to hear the tinkling of a piano, could be the line was muted as opposed to hold so I will feed this back. In addition, the interface is generally quick and responsive, and the buy and sell tools are as accessible for quick trades as in many standalone platforms. In addition to covering financial markets, Michael’s work focuses on science, the environment, and global change. Standard investing accounts, ISAs, and Junior ISAs don’t carry any extra charges and you can open any combination of these for a single monthly plan fee. Interactive investor scraps exit fees for all customers. Yes, Interactive Investor charges £10 per month to manage a SIPP plan. Interactive Investor falls well short of the mark when it comes to trader education and isn’t ideal if you’re a beginner looking to learn how to invest in stocks. Interactive Investor has four managed portfolios, but they are only available as examples. This makes the Interactive Investor forum one of the best places you can go for discussing specific shares or funds, asking other traders for advice, or gauging market sentiment. Both brokers offer trading on a wide variety of share markets, including most popular shares in the UK and US. The broker was launched with the do-it-yourself, active retail investor in mind and aims to give clients the tools they need to trade successfully. Plus, having the ability to open a low-cost ISA or SIPP plan is extremely helpful if you want to save for retirement. Reply from interactive investor Thanks Edward for your 5* feedback to Ricardo - wonderful to hear you were provided a world class service! There are no drawing tools and you won’t be able to examine prices using a popular candlestick charting view. There simply aren’t many guides for beginner investors, so you’ll have to look elsewhere if you need advice about what type of account to open or how to manage risk. However, note that there is a £0.99 fee for each reinvestment transaction no matter what account plan you have signed up for. Note that the content on this site should not be considered investment advice. Interactive Investor contact number (UK): 0345 607 6001. Interactive Investor has over 300,000 account holders, and many of them are quite active on the platform’s forum. When investing your capital is at risk. Email us at at pensincinv@gmail.com  Â, *Links marked with an asterisk can earn money for this website: the company involved may pay us commission if you follow our link to its website or transact on it. Compared to their current monthly cost of £7.50 a month, most Interactive customers will pay an extra £2.50 a month to use Interactive on the company’s new ‘Investor’ plan. The platform operates on a monthly subscription model and there are three different plans available: Investor, Funds Fan, and Super Investor. Email after email came in from dedicated readers horrified by the price bomb dropped on their heads by Interactive Investor (the discount broker commonly known as iii). BuyShares.co.uk was established in 2020 with a vision, to be the leading stock market news editorial and financial educational hub for both beginners and experienced investors. In our Interactive Investor review, we’ll take a closer look at everything this broker has to offer and see how it stacks up against the competition. Email us at atÂ. Although any increase in costs is unwelcome, we believe that Interactive Investor remains good value for any investor with a medium-sized or large portfolio, say of £100,000 or more. These allow you to interact with other traders and even copy their entire portfolios, so you can essentially invest in stocks in a passive way. Interactive Investor’s trading interface is hosted online rather than in a standalone platform. His work has been published on numerous high-profile websites that cover the intersection of markets, global news, and emerging tech. Do you have a question or would you like to give feedback about this website? The service … One downside to Interactive Investor, particularly for more experienced traders, is that the platform doesn’t have many of the complex order tools that other brokers offer. On the whole, we recommend eToro over Interactive Investor. The broker provides extremely detailed tables of financial data, including full income statements for all individual companies you can trade through the platform. In 2019 alone, it won the ADVFN Best Low-cost Stockbroker Award, the Best ISA Provider Award from City of London Wealth Management, and the Best Low-cost SIPP Provider Award from the Financial Times. However, if you’re interested in a share dealer for long-term investing, Interactive Investor can be pricey. It will also introduce three price plans: a basic “Investor” service for £9.99 a month, “Funds Fan” at £13.99 a month and “Super Investor” for £19.99 a month. The company joins FTSE 100 broker Hargreaves. Interactive Investor trading fees. Michael has been a member of the LearnBonds team since March 2020. When it comes to fundamental analysis, however, Interactive Investor shines. This is particularly true for the Super Investor plan, which offers a steep discount on individual share trades. The platform’s forum is one of the most lively places on the Internet for interacting with other traders and sparking discussions about market trends or individual shares. AII customers will now be able to transfer cash and investments from an Isa, self-invested personal pension, trading account and junior Isa to another provider at no cost. It provides financial information, as well as investment tools. UK Company No. eToro is also well-known for its innovative social and copy trading tools. Home / Blog / Flat fees and consolidation at Interactive Investor Flat fees and consolidation at Interactive Investor Last week was an interesting one in the direct-to-consumer (D2C) platform market with Interactive Investor hitting the headlines twice — first because it announced it was acquiring its D2C competitor, Trustnet Direct, and secondly because it announced its pricing. The broker also doesn’t allow you to set up a demo trading account. There are no options to set up ‘one cancels the other’ or other complex order flows. Let’s find out whether Interactive Investore is the right share dealing platform for you. The three plan options let you tailor your subscription to the assets you trade most frequently. This website is free for you to use but we may receive commission from the companies we feature on this site. All service plans give you at least one free trade each month. Interactive Investor trading fees are average. At the time of writing, Interactive Investor was waiving the SIPP fee on new accounts for nine months. You can also analyze dividends over time, look at the top shareholders for any company, and get information about recent insider trading activity. The other important research tool that Interactive Investor offers is a news feed. If you turn on dividend reinvestment for your account, Interactive Investor also charges £0.99 per reinvestment transaction. We do not advise or recommend any provider but are here to allow our reader to make informed decisions and proceed at their own responsibility. Views expressed are those of the writers only. Interactive Investor has over 300,000 users and manages £36 billion in investment assets. See how Interactive Brokers stacks up against Interactive Investor! Barclays would cost £276.00 per year while Interactive Investor would cost £287.76. We don’t think it is worth readers switching to another platform in search of lower fees as the savings are likely to be modest, switching involves inconvenience and possible delays and Interactive remains a good-quality platform in our opinion. Interactive Investor set to scrap exit fees ahead of FCA. Interactive Investor also charges for a variety of other account actions, although the chances that you will activate these charges are low. ✔ Your £9.99 a month service plan fee gives you access to our Stocks & Shares ISA, Junior ISA and general Trading Account. Since the service is based in the UK, the platform also has a greater focus on UK shares and UK investors than some international brokers. What Does Interactive Investor Share Dealing Offer? In each plan, Interactive Investor grants free credit of £7.99 every month, to be used against any trade. Interactive Brokers' commission schedules for stocks, options, futures, futures options, SSFs, EFPs, spot currencies, metals, fixed income and Mutual Funds, as well as Trade Desk fees. In addition, Interactive Investor offers trading on shares in 16 other countries: In total, you can trade more than 40,000 international shares through Interactive Investors, including many of the best shares to buy. That business has about 70,000 retail investor clients and $3 billion in assets. Interactive Investor goes in the opposite direction, which is another way in which this broker stands out from the pack. All investing involves risk: ensure that you understand the risks before you proceed. However, while Interactive Investor is a decent platform, it doesn’t quite match up to our recommended UK broker. Interactive Investor ISA Fees From the 1st June 2019, Interactive Investor moved from a quarterly charge of £22.50 to a monthly flat fee pricing model, with three service plans to choose from. IG would cost £108.00 per year while Interactive Investor would cost £287.76. London Registered Office: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada. While this limits the functionality of some of the platform’s tools, it does make it easy for new traders to begin using the platform. In addition, eToro offers more flexibility in terms of how you invest. If your friends would find this page useful, share it with them using the buttons below left (if you use the email button, ensure you tick "I'm not a robot" before you fill in the other fields). Interactive Investor also has four model portfolios available, which first-time investors can look at to get an idea of how to set up their own custom portfolios. That said, Interactive Investor doesn’t sponsor any of its own funds like some large investment banks with retail accounts do. The Investor plan costs £9.99 per month. With 0% commission, the ability to buy shares or trade CFDs, and innovative social and copy trading tools, eToro is a fantastic choice in every way. All Rights Reserved. However, you can turn watchlists into tracked portfolios to see how they perform over time. Interactive Investor’s newly completed buyout of rival consumer platform The Share Centre will “strengthen the voice” for flat fees, its chief executive has said. The monthly account fee is assessed regardless of whether you place any trades. The platform operates on a monthly subscription model and there are three different plans available: Investor, Funds Fan, and Super Investor. Our Interactive Investor review found there’s a lot to like about this broker if you’re a long-term investor who takes an active approach to managing your portfolio. The FCA found in July that exit fees charged by platforms including Hargreaves Lansdown and Interactive Investor, which can add up to hundreds of pounds, … 75% of retail investor accounts lose money when trading CFDs with this provider. Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. Interactive Investor has scrapped exit fees for The Share Centre customers after its acquisition of the rival platform completed earlier this week. Interactive Investor acquired the Alliance Trust Savings platform at the start of July 2019, and has now said it will scrap the exit fees that both advised and non-advised clients pay. You are charged £7.99 for UK and US share trades, ETF trades, and fund trades. The new figure is for those who use the “high income” or “compromise” portfolios described in the book and make regular sales from their investments to top up the natural income. We use cookies to ensure that we give you the best experience on our website. Interactive Investor, which is in the process of taking over Alliance Trust Savings, will switch to charging monthly instead of quarterly. Buyshares.co.uk provides top quality insights through financial educational guides and video tutorials on how to buy shares and invest in stocks. Registered Office: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada. One of the best tools that Interactive Investor offers is regular investing. While some funds may include bonds, you cannot buy and sell bonds directly through this broker. Since there’s a monthly account fee, this forum lacks the spam that plagues many other trading forums. In addition, it’s important to note that withdrawals can only be made by direct deposit to a bank account – you cannot credit a debit or credit card with your funds. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This pricing structure is designed to benefit active traders who place multiple trades per month. Prior to … International share trades cost £19.99 each. Long-term fundamental traders will find all of the information they need to make decisions available through Interactive Investor. 3 Trades Per Month - Barclays is less expensive under this scenario. No, Interactive Investor does not require a minimum deposit. Take control of your pension with our great value, award-winning SIPP. When it comes to buying and selling shares or funds, you only get three order types – market, limit, or stop loss. All other commissions, including for UK shares, remain the same as for the Investor plan. However, eToro also offers a wide range of other assets, including forex, commodities, and cryptocurrencies. If you are an institution, click below to learn more about our offerings for RIAs, Hedge Funds, Compliance Officers and more. Nothing in this website constitutes personal financial advice. Since the broker is based in the UK, all investment accounts are backed by the UK’s Financial Services Compensation Scheme. Interactive Investor Fees & Commissions Pricing at Interactive Investor is unique compared to almost every other major UK broker. Interactive Investor will debit money from your bank account on the 12th of each month and invest it on the third Wednesday of each month according to your account instructions. 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