Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing ten different share dealing accounts
for buying shares online in the UK. In total, 124 individual variables were assessed. For this review, we will compare AJ Bell Youinvest vs Interactive Investor.
To start this comparison, first, we will take a look at the fees charged for dealing in the UK. It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Interactive Investor is a better option with a 4.00 star rating over AJ Bell Youinvest's 3.50 star rating.
Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Interactive Investor provides its clients with ISA, ISA - Junior, SIPP and Spread Betting while AJ Bell Youinvest provides clients access to ISA, ISA - Junior, SIPP and SIPP - Junior. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. AJ Bell Youinvest boasts an offering of 1 charting tools compared to Interactive Investor's 0 available charting tools. Interactive Investor boasts an offering of 11 different indicators (for example, moving averages) compared to AJ Bell Youinvest's 10 available indicators. Interactive Investor has basic stock alerts, AJ Bell Youinvest doesn't. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. AJ Bell Youinvest alongside Interactive Investor offer fund research reports.
Overall, Interactive Investor boasts 4.50 stars versus AJ Bell Youinvest's 4.00 stars. And, when it comes to individual category awards, Interactive Investor finished with awards Best in Class - Research and Best in Class - Education in 2017, while AJ Bell Youinvest came up with Best in Class - Mobile Trading.