To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare AJ Bell Youinvest vs Interactive Investor.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched 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.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, 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. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. AJ Bell Youinvest offers its clients access to 1 charting tools while Interactive Investor has 0 charting tools, a difference of 1. Interactive Investor offers its clients access to 11 different indicators (for example, volume) while AJ Bell Youinvest has 10 available indicators, a difference of 1. Interactive Investor makes basic stock alerts available to clients, while AJ Bell Youinvest does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. AJ Bell Youinvest alongside Interactive Investor offer fund research reports.
Overall, between AJ Bell Youinvest and Interactive Investor, Interactive Investor is the winner
AJ Bell Youinvest Review
Interactive Investor Review