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Fineco Bank vs Interactive Investor 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

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.

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Overall RatingFineco BankInteractive Investor
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Ease of Use 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Fineco Bank Review Interactive Investor Review
Winner check_circle
InvestmentsFineco BankInteractive 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 FeesFineco BankInteractive 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 & ToolsFineco BankInteractive 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
ResearchFineco BankInteractive 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
EducationFineco BankInteractive 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 SummaryFineco BankInteractive Investor
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 4.5/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Platforms & Tools 3.5/5 Stars 3/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Ease of Use 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Review Fineco Bank Review Interactive Investor Review
Winner check_circle
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Fineco Bank vs Interactive Investor Comparison

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.

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, 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.

Which broker offers a wider range of investment options?

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.

Which broker offers better research?

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.

Which trading platform is better?

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

Read Next: Best UK Trading Platforms 2022


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