Interactive Investor vs Halifax 2020

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.

Which broker is cheaper: Halifax or Interactive Investor?

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's score is 4.50 stars versus 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.

1 Trade Per Month - Interactive Investor only charges £119.80 while Halifax charges £150.00.

3 Trades Per Month - Interactive Investor is cheaper under this scenario. Interactive Investor would cost £287.76 while Halifax would cost £450.00.

10 Trades Per Month - Interactive Investor is the cheaper option. Fees with Interactive Investor would be £622.92 while fees with Halifax would be £1,500.00.

20 Trades Per Month - Interactive Investor costs less in this case. Interactive Investor charges £1,101.72 while Halifax charges £3,000.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Halifax charges 0% while Interactive Investor charges £119.88 (£9.99 monthly).

Does Halifax or Interactive Investor offer 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.

Is Halifax or Interactive Investor better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. 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: Halifax or Interactive Investor?

To compare the trading platforms of both Halifax and Interactive Investor, we tested each broker's trading tools. Overall, Halifax offers a better experience. Looking at charting, Halifax boasts an offering of 17 charting tools compared to Interactive Investor's 0 available charting tools. Interactive Investor trails Halifax by 80 total different indicators (for example, moving averages), with Halifax offering 91 and Interactive Investor offering 11.

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