Written by StockBrokers.com
Is Fineco Bank better than Interactive Investor? After scoring the best share dealing accounts across 46 different variables, Fineco Bank is better than Interactive Investor. For the price-conscious trader, FinecoBank is a solid share dealing option with a broad range of investment options; but educational materials and research reports are lacking.
| Overall Rating | Fineco Bank | Interactive Investor | |
|---|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| Offering of Investments |
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| Mobile Trading |
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| Platforms & Tools |
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| Research |
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| Ease of Use |
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| Education |
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| Review | Fineco Bank Review | Interactive Investor Review | |
| Winner | check_circle |
| Investments | Fineco Bank | Interactive Investor | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | No | Yes | |
| 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 | No | Yes | |
| Spread Betting | No | No | |
| Crypto Trading | No | No | |
| Advisor Services | No | No |
| Trading Fees | Fineco Bank | Interactive Investor | |
|---|---|---|---|
| Minimum Deposit | £0.0 | £0.0 | |
| Share Trading: 0-9 Deals/ Month | £2.95 | £5.99 (Investor Plan) | |
| Share Trading: 10-19 Deals/ Month | £2.95 | £3.99 (Super Investor Plan) | |
| Share Trading: 20+ Deals/ Month | £2.95 | £3.99 (Super Investor Plan) | |
| 5 trades per year (£30k portfolio) | £75 | £119.88 | |
| 12 trades per year (£30k portfolio) | £35.4 | £119.88 | |
| 36 trades per year (£30k portfolio) | £106.2 | £263.64 (investor) 287.76 (super investor) | |
| 120 trades per year (£30k portfolio) | £354 | £766.8 (investor) 622.92 (super investor) | |
| 3 fund trades per year (£30k portfolio) | £14.75 | £119.88 | |
| Annual Custody Fee: £0 - £250,000 | 0.25% | £119.88 (Investor Plan - £9.99 monthly) | |
| Annual Custody Fee: £250K-£500K | 0.15% | £119.88 | |
| Annual Custody Fee: £500,000 - £1m | 0.15% | £119.88 | |
| Annual Custody Fee: £1m and over | 0.05% | £119.88 | |
| Bonds - Corporate - Fee | £6.95 | £40 (when trade value is above £100,000) | |
| Bonds - Government (Gilts) - Fee | £6.95 | £40 (when trade value is above £100,000) | |
| ETFs - Fee | £2.95 | £5.99 (Investor Plan) | |
| Investment Trusts - Fee | N/A | £5.99 (Investor Plan) | |
| Telephone Dealing Fee | N/A | £49 |
| Platforms & Tools | Fineco Bank | Interactive Investor | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 22 | 104 | |
| Charting - Drawing Tools | 3 | 16 | |
| Charting - Notes | No | No | |
| Charting - Display Corporate Events | Yes | Yes | |
| Charting - Stock Overlays | Yes | Yes | |
| Charting - Index Overlays | Yes | Yes |
| Research | Fineco Bank | Interactive Investor | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | No | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | No | |
| Portfolio Allocation Breakdown | Yes | Yes |
| Education | Fineco Bank | Interactive Investor | |
|---|---|---|---|
| Has Education - Share Trading | No | Yes | |
| Has Education - Funds | No | Yes | |
| Has Education - Retirement | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Fineco Bank | Interactive Investor | |
|---|---|---|---|
| Overall Rating |
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| Commissions & Fees |
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| |
| Offering of Investments |
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| |
| Mobile Trading |
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| Platforms & Tools |
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| Research |
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| Ease of Use |
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| Education |
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| Review | Fineco Bank Review | Interactive Investor Review | |
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Fineco Bank vs Interactive Investor.
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, Fineco Bank 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 - Fineco Bank would cost £75 per year, while Interactive Investor would cost £119.88 per year.
12 trades per year - Fineco Bank would cost £35.4 per year, while Interactive Investor would cost £119.88 per year.
36 trades per year - Fineco Bank would cost £106.2 per year, while Interactive Investor would cost £263.64 (investor) 287.76 (super investor) per year.
120 trades per year - Fineco Bank would cost £354 per year, while Interactive Investor would cost £766.8 (investor) 622.92 (super investor) per year.
3 fund trades per year - Fineco Bank would cost £14.75 per year, while Interactive Investor would cost £119.88 per year.
Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), while Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, neither have 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.
Our testing concluded that Interactive Investor is better for research than Fineco Bank. Interactive Investor offers more research options, including research reports, articles, and analyst ratings.
To compare the trading platforms of both Fineco Bank and Interactive Investor, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Fineco Bank offers a better share dealing platform and Fineco Bank offers a better stock app for mobile trading.
Overall winner: Fineco Bank
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