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Freetrade vs Interactive Investor 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Freetrade better than Interactive Investor? After scoring the best share dealing accounts across 46 different variables, Freetrade is better than Interactive Investor. Freetrade's commission-free model allows trading of fractional shares with a user-friendly mobile trading app, and the educational offering is of good quality. Research and range of investments are limited, however, and its online trading platform is still in beta and not available to all customers.

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Overall RatingFreetradeInteractive Investor
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 2.5/5 Stars 4.5/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Platforms & Tools 1/5 Stars 3/5 Stars
Research 2/5 Stars 3.5/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3.5/5 Stars
Review Freetrade Review Interactive Investor Review
Winner check_circle
InvestmentsFreetradeInteractive Investor
ISA Yes Yes
SIPP Yes Yes
Share Trading Yes Yes
CFD Trading No No
Funds No Yes
ETFs Yes Yes
Bonds - Corporate No Yes
Bonds - Government (Gilts) No Yes
Investment Trusts Yes Yes
Spread Betting No No
Crypto Trading No No
Advisor Services No No
Trading FeesFreetradeInteractive Investor
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £0 £5.99 (Investor Plan)
Share Trading: 10-19 Deals/ Month £0 £3.99 (Super Investor Plan)
Share Trading: 20+ Deals/ Month £0 £3.99 (Super Investor Plan)
5 trades per year (£30k portfolio) N/A £119.88
12 trades per year (£30k portfolio) £0 £119.88
36 trades per year (£30k portfolio) £0 £263.64 (investor) 287.76 (super investor)
120 trades per year (£30k portfolio) £0 £766.8 (investor) 622.92 (super investor)
3 fund trades per year (£30k portfolio) N/A £119.88
Annual Custody Fee: £0 - £250,000 £0 £119.88 (Investor Plan - £9.99 monthly)
Annual Custody Fee: £250K-£500K £0 £119.88
Annual Custody Fee: £500,000 - £1m £0 £119.88
Annual Custody Fee: £1m and over £0 £119.88
Bonds - Corporate - Fee N/A £40 (when trade value is above £100,000)
Bonds - Government (Gilts) - Fee N/A £40 (when trade value is above £100,000)
ETFs - Fee £0 £5.99 (Investor Plan)
Investment Trusts - Fee £0 £5.99 (Investor Plan)
Telephone Dealing Fee N/A £49
Platforms & ToolsFreetradeInteractive Investor
Web Platform No Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts No Yes
Charting - Indicators / Studies 0 104
Charting - Drawing Tools 1 16
Charting - Notes No No
Charting - Display Corporate Events No Yes
Charting - Stock Overlays No Yes
Charting - Index Overlays No Yes
ResearchFreetradeInteractive Investor
Research - Shares Yes Yes
Research - CFDs No No
Research - Funds No Yes
Fund Research - Research Reports No Yes
Research - ETFs Yes Yes
Research - Bonds No No
Portfolio Allocation Breakdown No Yes
EducationFreetradeInteractive Investor
Has Education - Share Trading Yes Yes
Has Education - Funds No Yes
Has Education - Retirement Yes Yes
Client Webinars No No
Client Webinars (Archived) No No
Overall SummaryFreetradeInteractive Investor
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 2.5/5 Stars 4.5/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Platforms & Tools 1/5 Stars 3/5 Stars
Research 2/5 Stars 3.5/5 Stars
Ease of Use 4.5/5 Stars 3.5/5 Stars
Education 3/5 Stars 3.5/5 Stars
Review Freetrade Review Interactive Investor Review
Winner check_circle
  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxDEGIRO
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFineco Bank
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
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Freetrade vs Interactive Investor Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Freetrade 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, Freetrade 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 - Freetrade would cost N/A per year, while Interactive Investor would cost £119.88 per year.

12 trades per year - Freetrade would cost £0 per year, while Interactive Investor would cost £119.88 per year.

36 trades per year - Freetrade would cost £0 per year, while Interactive Investor would cost £263.64 (investor) 287.76 (super investor) per year.

120 trades per year - Freetrade would cost £0 per year, while Interactive Investor would cost £766.8 (investor) 622.92 (super investor) per year.

3 fund trades per year - Freetrade would cost N/A per year, while Interactive Investor would cost £119.88 per year.

Which broker offers a wider range of investment options?

Freetrade offers investors access to ISA, SIPP, Share Trading, ETFs 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.

Which broker offers better research?

Our testing concluded that Interactive Investor is better for research than Freetrade. 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 Freetrade and Interactive Investor, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Investor offers a better share dealing platform and Freetrade offers a better stock app for mobile trading.

Overall winner: Freetrade

Read Next: Best UK Trading Platforms 2022

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