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Interactive Investor vs Alliance Trust Savings 2020

Your capital is at risk.
Is Alliance Trust Savings better than Interactive Investor? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Interactive Investor is better than Alliance Trust Savings. With Interactive Investor's Super Investor Plan, traders pay a low rate of £3.99 per trade on UK stocks and ETFs. Alongside great pricing, Interactive Investor offers brilliant fundamental research for stocks, funds, investment trusts, and ETFs. That said, no education is provided, and trading tools are lackluster.

Overall Rating

Feature Interactive Investor Alliance Trust Savings
Overall 4.5 3.5
Interactive Investor Review Alliance Trust Savings Review

Trading Fees

Feature Interactive Investor Alliance Trust Savings
Share Trading: 0-9 Deals/ Month
£7.99 £9.99
Share Trading: 10-19 Deals/ Month
£3.99 £9.99
Share Trading: 20+ Deals/ Month
£3.99 £9.99
Annual Custody Fee: £0 - £250,000*
£119.88 £120.00
Bonds - Government (Gilts) - Fee
£40.00 £9.99
ETFs - Fee
£7.99 £9.99
Investment Trusts - Fee
£7.99 £9.99
Telephone Dealing Fee*
£49.00 £50.00
Commissions & Fees 4.5 4
Winner check_circle

Platforms & Tools

Feature Interactive Investor Alliance Trust Savings
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes No
Charting - Indicators / Studies
11 10
Charting - Drawing Tools
0 1
Charting - Notes
No No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 3 3.5
Winner check_circle

Research

Feature Interactive Investor Alliance Trust Savings
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
Yes Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 3.5
Winner check_circle

Investments

Feature Interactive Investor Alliance Trust Savings
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
Yes No
Advisor Services
No No
Offering of Investments 4.5 3.5
Winner check_circle

Education

Feature Interactive Investor Alliance Trust Savings
Has Education - Share Trading
No No
Has Education - Funds
No No
Has Education - Retirement
No No
Client Webinars
No No
Client Webinars (Archived)
No No
Education 1 3.5

Overall

Feature Interactive Investor Alliance Trust Savings
Interactive Investor Review Alliance Trust Savings Review
Overall 4.5 3.5
Winner check_circle
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 Alliance Trust Savings 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 4.50 star rating over Alliance Trust Savings's 4.00 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - 1 trade per month, for a total of 12 trades per year. Interactive Investor would charge £119.8 while Alliance Trust Savings would charge .

Scenario 2 - 36 trades per year, or 3 trades per month. Interactive Investor charges £287.76 and Alliance Trust Savings charges .

Scenario 3 - 10 trades per month, for a total of 120 trades per year. Interactive Investor would charge £622.92 while Alliance Trust Savings would charge .

Scenario 4 - If you make 20 trades a month, or 240 per year, the fees with Interactive Investor wold be £1101.72 and the fees with Alliance Trust Savings would be .

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 supports ISA, ISA - Junior, SIPP and Spread Betting while Alliance Trust Savings supports 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. Alliance Trust Savings 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 Alliance Trust Savings has 10 available indicators, a difference of 1. Interactive Investor offers basic stock alerts while Alliance Trust Savings does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Alliance Trust Savings and Interactive Investor both offer fund research reports.

Overall, between Alliance Trust Savings and Interactive Investor, Interactive Investor is the winner.

Alliance Trust Savings Review
Interactive Investor Review


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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