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Halifax vs Interactive Investor 2020
Your capital is at risk.
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Overall Rating
| Feature | Halifax | Interactive Investor |
| Overall | ||
| Halifax Review | Interactive Investor Review |
Trading Fees
| Feature | Halifax | Interactive Investor |
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Share Trading: 0-9 Deals/ Month |
£12.50 | £7.99 |
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Share Trading: 10-19 Deals/ Month |
£12.50 | £3.99 |
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Share Trading: 20+ Deals/ Month |
£12.50 | £3.99 |
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Annual Custody Fee: £0 - £250,000* |
£0 | £119.88 |
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Bonds - Government (Gilts) - Fee |
£25.00 | £40.00 |
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ETFs - Fee |
£12.50 | £7.99 |
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Investment Trusts - Fee |
£12.50 | £7.99 |
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Telephone Dealing Fee* |
£25.00 | £49.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | Halifax | Interactive Investor |
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Desktop Platform (Windows) |
No | No |
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Web Platform |
Yes | Yes |
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iPhone App |
No | Yes |
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Android App |
No | Yes |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
91 | 11 |
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Charting - Drawing Tools |
17 | 0 |
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Charting - Notes |
No | No |
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Charting - Display Corporate Events |
Yes | No |
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Charting - Stock Overlays |
No | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | Halifax | Interactive Investor |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
No | Yes |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
Yes | Yes |
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Portfolio Allocation Breakdown |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | Halifax | Interactive Investor |
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Share Trading |
Yes | Yes |
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CFD Trading |
No | Yes |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
Yes | Yes |
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Bonds - Government (Gilts) |
Yes | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
No | Yes |
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Advisor Services |
Yes | No |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | Halifax | Interactive Investor |
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Has Education - Share Trading |
Yes | No |
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Has Education - Funds |
Yes | No |
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Has Education - Retirement |
Yes | No |
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Client Webinars |
No | No |
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Client Webinars (Archived) |
No | No |
| Education |
Overall
| Feature | Halifax | Interactive Investor |
| Halifax Review | Interactive Investor Review | |
| Overall | ||
| Winner | check_circle |
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.
