Comparing online share dealing platforms side by side is no small task. For our 2023 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare Interactive Investor and Barclays.
Interactive Investor vs Barclays Comparison
For our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Investor vs Barclays.
Is Interactive Investor a good broker?
The standout feature at Interactive Investor (ii) is its low flat-rate fees. Other investment platforms typically favour percentage fees for fund investing, although more brokers are now opting for flat fees. Our view is that Interactive Investor is a great platform for any investor, offering a wide range of investments for cheap prices on the whole.
Is Barclays a good broker?
Barclays Smart Investor offers a wide range of investments and accounts and is a good value for those with a midsize portolio who like flat fees. On the downside, it can be complicated to open an account as a non-Barclays bank customer, and you can’t buy or sell investments through the app if you don’t have a Barclays bank account.
Which broker is less expensive?
Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, Interactive Investor offers better pricing than Barclays for share dealing.
Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.
5 trades per year - Interactive Investor would cost £79.83 per year, while Barclays would cost £78 per year.
12 trades per year - Interactive Investor would cost £107.76 per year, while Barclays would cost £120 per year.
36 trades per year - Interactive Investor would cost £203.52 per year, while Barclays would cost £264 per year.
120 trades per year - Interactive Investor would cost £538.68 per year, while Barclays would cost £768 per year.
3 fund trades per year - Interactive Investor would cost £0.0 per year, while Barclays would cost £0.0 per year.
How do Interactive Investor and Barclays compare in terms of minimum deposits required?
Interactive Investor requires a minimum deposit of £0.0, while Barclays requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Interactive Investor charges annual custody fees of £59.88 - £143.88, while Barclays charges annual custody fees of £48 - £500.
Which broker offers a wider range of investment options?
Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Barclays offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services. Neither have CFD Trading, Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.
Do Interactive Investor and Barclays offer ISA or SIPP accounts?
Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Interactive Investor and Barclays offer SIPP and ISA accounts.
Do Interactive Investor and Barclays offer cryptocurrency?
In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Interactive Investor nor Barclays offer crypto investing.
Which broker offers a better website experience?
Our testing concluded that the website of Interactive Investor is better than the website of Barclays. Interactive Investor offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.
Which stock trading app is better?
To compare the trading platforms of both Interactive Investor and Barclays, we tested each broker's stock trading app. All features compared, our analysis finds that Interactive Investor offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.
Do Interactive Investor and Barclays offer educational resources?
Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Interactive Investor offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement), while Barclays offers access to Education (Share Trading), Education (Funds) and Education (Retirement).
Overall winner: Interactive Investor
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