To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Barclays 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 received a rating of 4.00 stars over Barclays's 3.50 stars.
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 Barclays supports ISA, SIPP, SIPP - Junior and Spread Betting. 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. Barclays offers its clients access to 14 charting tools while Interactive Investor has 0 charting tools, a difference of 14. Barclays offers its clients access to 152 different indicators (for example, volume) while Interactive Investor has 11 available indicators, a difference of 141. Both Barclays and Interactive Investor offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Interactive Investor makes fund research reports available to clients, while Barclays does not.
Overall, Interactive Investor comes out on top with 4.50 stars over Barclays'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 Barclays came up with Best in Class - Offering of Investments, Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Education.