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Interactive Investor vs Freetrade 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Interactive Investor better than Freetrade? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Interactive Investor is better than Freetrade. The standout feature at Interactive Investor (ii) is its low flat-rate fees. Other investment platforms typically favour percentage fees for fund investing, although more brokers are now opting for flat fees. Our view is that Interactive Investor is a great platform for any investor, offering a wide range of investments for cheap prices on the whole.

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Compare

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Overall Rating Interactive Investor Freetrade
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 4/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 3/5 Stars
Ease of Use 5/5 Stars 5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Review Interactive Investor Review Freetrade Review
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Investments Interactive Investor Freetrade
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes No
CFD Trading info No No
Funds info Yes No
ETFs info Yes Yes
Bonds - Corporate info Yes No
Bonds - Government (Gilts) info Yes No
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No No
Trading Fees Interactive Investor Freetrade
Minimum Deposit info £0.0 £1.0
Share Trading: 0-9 Deals/ Month info £3.99 £0
Share Trading: 10-19 Deals/ Month info £3.99 £0
Share Trading: 20+ Deals/ Month info £3.99 £0
5 trades per year (£30k portfolio) info £79.83 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
12 trades per year (£30k portfolio) info £107.76 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
36 trades per year (£30k portfolio) info £203.52 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
120 trades per year (£30k portfolio) info £538.68 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
3 fund trades per year (£30k portfolio) info £71.85 N/A
Annual Custody Fee: £0 - £250,000 info £59.88 - £143.88 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Annual Custody Fee: £250K-£500K info £143.88 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Annual Custody Fee: £500,000 - £1m info £143.88 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Annual Custody Fee: £1m and over info £143.88 £0 (Basic plan), £71.88 (Standard), £143.88 (Plus)
Bonds - Corporate - Fee info £3.99 N/A
Bonds - Government (Gilts) - Fee info £3.99 N/A
ETFs - Fee info £3.99 £0
Investment Trusts - Fee info £3.99 £0
Telephone Dealing Fee info £49 N/A
Broker Screenshots Interactive Investor Freetrade
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Interactive Investor Freetrade
Web Platform info Yes No
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 104 0
Charting - Drawing Tools info 18 0
Charting - Notes info Yes No
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Interactive Investor Freetrade
Research - Shares info Yes Yes
Research - CFDs info No No
Research - Funds info Yes No
Fund Research - Research Reports info Yes No
Research - ETFs info Yes Yes
Research - Bonds info Yes No
Portfolio Allocation Breakdown info Yes Yes
Education Interactive Investor Freetrade
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary Interactive Investor Freetrade
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 5/5 Stars 4/5 Stars
Mobile App 4.5/5 Stars 4.5/5 Stars
Website 5/5 Stars 3/5 Stars
Ease of Use 5/5 Stars 5/5 Stars
Education 5/5 Stars 4.5/5 Stars
Review Interactive Investor Review Freetrade Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Interactive Investor and Freetrade.

Interactive Investor vs Freetrade Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Investor vs Freetrade.

Is Interactive Investor a good broker?

The standout feature at Interactive Investor (ii) is its low flat-rate fees. Other investment platforms typically favour percentage fees for fund investing, although more brokers are now opting for flat fees. Our view is that Interactive Investor is a great platform for any investor, offering a wide range of investments for cheap prices on the whole.

Is Freetrade a good broker?

Overall Freetrade is a great platform to help you get to grips with investing. Costs are low, and its user-friendly mobile app offers great investment inspiration. Sophisticated investors, however, may find that other platforms offer a wider range of investment options and tools.

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 - Interactive Investor would cost £79.83 per year, while Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year.

12 trades per year - Interactive Investor would cost £107.76 per year, while Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year.

36 trades per year - Interactive Investor would cost £203.52 per year, while Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year.

120 trades per year - Interactive Investor would cost £538.68 per year, while Freetrade would cost £0 (Basic plan), £71.88 (Standard), £143.88 (Plus) per year.

3 fund trades per year - Interactive Investor would cost £0.0 per year, while Freetrade would cost £1.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

How do Interactive Investor and Freetrade compare in terms of minimum deposits required?

Interactive Investor requires a minimum deposit of £0.0, while Freetrade requires a minimum deposit of £1.0. From our testing we found for accounts between £0 - £250,000 Interactive Investor charges annual custody fees of £59.88 - £143.88, while Freetrade charges annual custody fees of £0 (Basic plan), £71.88 (Standard), £143.88 (Plus).

Which broker offers a wider range of investment options?

Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Freetrade offers investors access to ISA, SIPP, ETFs 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.

Do Interactive Investor and Freetrade offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Interactive Investor and Freetrade offer SIPP and ISA accounts.

Do Interactive Investor and Freetrade offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Interactive Investor nor Freetrade offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Interactive Investor is better than the website of Freetrade. Interactive Investor offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Interactive Investor and Freetrade, we tested each broker's stock trading app. All features compared, our analysis finds that Freetrade offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Interactive Investor and Freetrade offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Interactive Investor offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement), while Freetrade offers access to Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Interactive Investor

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