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Interactive Investor vs Halifax 2022

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Is Halifax better than Interactive Investor? After scoring the best share dealing accounts across 46 different variables, Interactive Investor is better than Halifax. Interactive Investor, is a good choice for investors who want research reports and in-house recommendations for funds. But fees are high given the below-average tools, platform, and mobile app on offer.


Overall Rating

Feature Interactive Investor Halifax
Overall 3.5 3.5
Commissions & Fees 3.5 3
Offering of Investments 4.5 4
Platform & Tools 3 3
Research 3.5 4
Education 3.5 3.5
Interactive Investor Review
Winner check_circle

Trading Fees

Feature Interactive Investor Halifax
Minimum Deposit
£0.00 £0.00
Share Trading: 0-9 Deals/ Month
£7.99 (Investor Plan) £9.50
Share Trading: 10-19 Deals/ Month
£3.99 (Super Investor Plan) £9.50
Share Trading: 20+ Deals/ Month
£3.99 (Super Investor Plan) £9.50
Annual Custody Fee: £0 - £250,000
£119.88 (Investor Plan - £9.99 monthly) £36.00
Bonds - Government (Gilts) - Fee
£40 (when trade value is above £100,000) £9.50
ETFs - Fee
£7.99 (Investor Plan) £9.50
Investment Trusts - Fee
£7.99 (Investor Plan) £9.50
Telephone Dealing Fee
£49.00 £25.00

Platforms & Tools

Feature Interactive Investor Halifax
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
12 83
Charting - Drawing Tools
1 17
Charting - Notes
No Yes
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes No

Research

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

Investments

Feature Interactive Investor Halifax
Share Trading
Yes Yes
CFD Trading
No No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
No No
Advisor Services
No Yes

Education

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

Overall

Feature Interactive Investor Halifax
Overall 3.5 3.5
Commissions & Fees 3.5 3
Offering of Investments 4.5 4
Platform & Tools 3 3
Research 3.5 4
Education 3.5 3.5
Interactive Investor Review
Winner check_circle

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Halifax 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, Interactive Investor offers better pricing than Halifax 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.

1 Trade Per Month - Interactive Investor is cheaper. Interactive Investor would only cost £119.88 each year while Halifax would cost £150.00.

3 Trades Per Month - Interactive Investor is less expensive under this scenario. Interactive Investor would cost £287.76 per year while Halifax would cost £450.00.

10 Trades Per Month - Interactive Investor is the better choice. Annual fees with Interactive Investor would total £622.92, while annual fees with Halifax would be £1,500.00.

20 Trades Per Month - Halifax costs less in this scenario. Total annual costs with Halifax would equal £83.50, while Interactive Investor would equal £119.88.

Which broker offers a wider range of investment options?

Interactive Investor offers a more diverse selection of investment options than Halifax. Interactive Investor offers investors access to ETFs, Funds, ISA, SIPP, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

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

Overall winner: Interactive Investor

Read Next: Best UK Trading Platforms 2022


Related Comparisons

All pricing data was obtained from a published web site as of 10/22/2021 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK 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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