DEGIRO vs Interactive Investor 2023

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

Interactive Investor is a solid option for investors looking for strong in-house recommendations for funds and well-put-together research reports. Fees, although lowered from last year, are still fairly high, especially considering the less-than-impressive platform, mobile app and tools available. Interactive Investor struggles to remain competitive with the best trading platforms in the U.K.

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, DEGIRO offers better pricing than Interactive Investor 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 - DEGIRO would cost £13.75 per year, while Interactive Investor would cost £79.83 (Essentials plan); £143.88 (Investor plan); £239.88 (Super Investor plan) per year.

12 trades per year - DEGIRO would cost £33 per year, while Interactive Investor would cost £107.76 (Essentials); £143.88 (Investor plan); £239.88 (Super Investor plan) per year.

36 trades per year - DEGIRO would cost £99 per year, while Interactive Investor would cost £239.64 (Investor); £287.76 (Super Investor) per year.

120 trades per year - DEGIRO would cost £330 per year, while Interactive Investor would cost £574.80 (Investor) or £622.92 (Super Investor) per year.

3 fund trades per year - DEGIRO would cost £0.0 per year, while Interactive Investor would cost £0.0 per year.

DEGIRO requires a minimum deposit of £0.0, while Interactive Investor requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 DEGIRO charges annual custody fees of 0.20%, while Interactive Investor charges annual custody fees of £143.88 (Investor Plan - £11.99 monthly).

DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Neither have CFD Trading, Spread Betting, Crypto Trading and Advisor Services. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

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 DEGIRO offers traders access to neither of these accounts, while Interactive Investor offers traders access to SIPP and ISA accounts.

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 DEGIRO and Interactive Investor offer crypto investing.

Our testing concluded that Interactive Investor is better for research than DEGIRO. Interactive Investor offers more research options, including research reports, articles, and analyst ratings.

To compare the trading platforms of both DEGIRO and Interactive Investor, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, our analysis finds that Interactive Investor offers a better share dealing platform and DEGIRO offers a better stock app for mobile trading.

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 DEGIRO offers traders access to Education (Share Trading), while Interactive Investor offers access to Education (Share Trading), Education (Funds) and Education (Retirement). Neither have Client Webinars and Client Webinars (Archived).