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 DEGIRO 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. DEGIRO received a rating of 4.50 stars over Interactive Investor's 4.00 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 provides its clients with ISA, ISA - Junior, SIPP and Spread Betting while DEGIRO provides clients access to none of these. 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. DEGIRO and Interactive Investor offer the same number of charting tools, 0. Interactive Investor trails DEGIRO by 12 total different indicators (for example, moving averages), with DEGIRO offering 23 and Interactive Investor offering 11. Interactive Investor offers basic stock alerts while DEGIRO does not. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Interactive Investor offers fund research reports while DEGIRO does not.
Overall, Interactive Investor boasts 4.50 stars versus DEGIRO's 3.50 stars. And, when it comes to individual category awards, Interactive Investor posted awards Best in Class - Research and Best in Class - Education in 2017, while DEGIRO found itself with none of these.