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Halifax vs Interactive Investor 2020

Your capital is at risk.
Is Halifax better than Interactive Investor? After scoring UK share dealing accounts on over 40 different variables, Interactive Investor is better than Halifax. With Interactive Investor's Super Investor Plan, traders pay a low rate of £3.99 per trade on UK stocks and ETFs. Alongside great pricing, Interactive Investor offers brilliant fundamental research for stocks, funds, investment trusts, and ETFs. That said, no education is provided, and trading tools are lackluster.

Overall Rating

Feature Halifax Interactive Investor
Overall 3.5 4.5
Halifax Review Interactive Investor Review

Trading Fees

Feature Halifax Interactive Investor
Share Trading: 0-9 Deals/ Month
£12.50 £7.99
Share Trading: 10-19 Deals/ Month
£12.50 £3.99
Share Trading: 20+ Deals/ Month
£12.50 £3.99
Annual Custody Fee: £0 - £250,000*
£0 £119.88
Bonds - Government (Gilts) - Fee
£25.00 £40.00
ETFs - Fee
£12.50 £7.99
Investment Trusts - Fee
£12.50 £7.99
Telephone Dealing Fee*
£25.00 £49.00
Commissions & Fees 3 4.5
Winner check_circle

Platforms & Tools

Feature Halifax Interactive Investor
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
No Yes
Android App
No Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
91 11
Charting - Drawing Tools
17 0
Charting - Notes
No No
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
No Yes
Platform & Tools 3.5 3
Winner check_circle

Research

Feature Halifax Interactive Investor
Research - Shares
Yes Yes
Research - CFDs
No Yes
Research - Funds
Yes Yes
Fund Research - Research Reports
No Yes
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4 4.5
Winner check_circle

Investments

Feature Halifax Interactive Investor
Share Trading
Yes Yes
CFD Trading
No Yes
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No Yes
Advisor Services
Yes No
Offering of Investments 4 4.5
Winner check_circle

Education

Feature Halifax Interactive Investor
Has Education - Share Trading
Yes No
Has Education - Funds
Yes No
Has Education - Retirement
Yes No
Client Webinars
No No
Client Webinars (Archived)
No No
Education 3.5 1

Overall

Feature Halifax Interactive Investor
Halifax Review Interactive Investor Review
Overall 3.5 4.5
Winner check_circle
Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Halifax vs Interactive Investor.

To start this comparison, first, we will take a look at the fees charged for dealing in the UK. It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. Interactive Investor received a rating of 4.50 stars over Halifax's 3.00 stars.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - If you make 1 trade a month, or 12 per year, the fees with Halifax wold be £150 and the fees with Interactive Investor would be £119.8.

Scenario 2 - 3 trades per month, for a total of 36 trades per year. Halifax would charge £450 while Interactive Investor would charge £287.76.

Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with Interactive Investor wold be £622.92 and the fees with Halifax would be £1500.

Scenario 4 - 240 trades per year, or 20 trades per month. Halifax charges £3000 and Interactive Investor charges £1101.72.

Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Halifax supports ISA and SIPP while Interactive Investor supports ISA, ISA - Junior, SIPP and Spread Betting. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. Interactive Investor trails Halifax by 17 total charting tools, with Halifax offering 17 and Interactive Investor offering 0. Halifax boasts an offering of 91 different indicators (for example, moving averages) compared to Interactive Investor's 11 available indicators. Halifax alongside Interactive Investor offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Interactive Investor has fund research reports, Halifax doesn't.

Overall, between Halifax and Interactive Investor, Interactive Investor is the winner.

Halifax Review
Interactive Investor Review


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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