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