Interactive Investor vs Halifax 2023

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.

5 trades per year - Interactive Investor would cost £119.88 per year, while Halifax would cost £83.5 per year.

12 trades per year - Interactive Investor would cost £119.88 per year, while Halifax would cost £150 per year.

36 trades per year - Interactive Investor would cost £263.64 (investor) 287.76 (Super Investor) per year, while Halifax would cost £450 per year.

120 trades per year - Interactive Investor would cost £766.8 (investor) 622.92 (Super Investor) per year, while Halifax would cost £1500 per year.

3 fund trades per year - Interactive Investor would cost £119.88 per year, while Halifax would cost £64.5 per year.

Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Halifax offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have CFD Trading, Spread Betting and Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

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.

To compare the trading platforms of both Interactive Investor and Halifax, 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 Interactive Investor offers a better stock app for mobile trading.