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Interactive Investor vs Interactive Brokers 2024

StockBrokers.com

Written by StockBrokers.com

February 01, 2024

Is Interactive Investor better than Interactive Brokers? After scoring the best share dealing accounts across 46 different variables, our analysis finds that Interactive Investor is better than Interactive Brokers. The standout feature at Interactive Investor (ii) is its low flat-rate fees. Other investment platforms typically favour percentage fees for fund investing, although more brokers are now opting for flat fees. Our view is that Interactive Investor is a great platform for any investor, offering a wide range of investments for cheap prices on the whole.

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  • check_box_outline_blankcheck_boxAJ Bell
  • check_box_outline_blankcheck_boxBarclays
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCMC Invest
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxFidelity International
  • check_box_outline_blankcheck_boxFreetrade
  • check_box_outline_blankcheck_boxHalifax
  • check_box_outline_blankcheck_boxHargreaves Lansdown
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxInteractive Investor
  • check_box_outline_blankcheck_boxLloyds Bank
  • check_box_outline_blankcheck_boxSaxo Markets
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVanguard UK Investor
  • check_box_outline_blankcheck_boxXTB

Compare

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Overall Rating Interactive Investor Interactive Brokers
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 5/5 Stars 5/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Interactive Investor Review Interactive Brokers Review
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Investments Interactive Investor Interactive Brokers
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info No Yes
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No Yes
Advisor Services info No No
Trading Fees Interactive Investor Interactive Brokers
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info £3.99 £3
Share Trading: 10-19 Deals/ Month info £3.99 £3
Share Trading: 20+ Deals/ Month info £3.99 £3
5 trades per year (£30k portfolio) info £79.83 £15
12 trades per year (£30k portfolio) info £107.76 £36
36 trades per year (£30k portfolio) info £203.52 £108
120 trades per year (£30k portfolio) info £538.68 £360
3 fund trades per year (£30k portfolio) info £71.85 £0
Annual Custody Fee: £0 - £250,000 info £59.88 - £143.88 0
Annual Custody Fee: £250K-£500K info £143.88 0
Annual Custody Fee: £500,000 - £1m info £143.88 0
Annual Custody Fee: £1m and over info £143.88 0
Bonds - Corporate - Fee info £3.99 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - Fee info £3.99 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
ETFs - Fee info £3.99 £3
Investment Trusts - Fee info £3.99 £4.95
Telephone Dealing Fee info £49 USD 50
Broker Screenshots Interactive Investor Interactive Brokers
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Platforms & Tools Interactive Investor Interactive Brokers
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 104 96
Charting - Drawing Tools info 18 80
Charting - Notes info Yes Yes
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info Yes Yes
Charting - Index Overlays info Yes Yes
Research Interactive Investor Interactive Brokers
Research - Shares info Yes Yes
Research - CFDs info No Yes
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes Yes
Research - ETFs info Yes Yes
Research - Bonds info Yes Yes
Portfolio Allocation Breakdown info Yes Yes
Education Interactive Investor Interactive Brokers
Education (Share Trading) info Yes No
Education (Funds) info Yes No
Education (Retirement) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary Interactive Investor Interactive Brokers
Overall Rating 4.5/5 Stars 4.5/5 Stars
Charges & Fees 4.5/5 Stars 4.5/5 Stars
Investment Choices 5/5 Stars 5/5 Stars
Mobile App 4.5/5 Stars 5/5 Stars
Website 5/5 Stars 5/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3.5/5 Stars
Review Interactive Investor Review Interactive Brokers Review
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Comparing online share dealing platforms side by side is no small task. For our 2024 review of U.K. brokers, more than 900 data points were collected over a 10-week period and used to score each broker. Let’s compare Interactive Investor and Interactive Brokers.

Interactive Investor vs Interactive Brokers Comparison

For our 2024 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Investor vs Interactive Brokers.

Is Interactive Investor a good broker?

The standout feature at Interactive Investor (ii) is its low flat-rate fees. Other investment platforms typically favour percentage fees for fund investing, although more brokers are now opting for flat fees. Our view is that Interactive Investor is a great platform for any investor, offering a wide range of investments for cheap prices on the whole.

Is Interactive Brokers a good broker?

Interactive Brokers is a sophisticated trading platform aimed at confident and institutional-grade investors. For newer investors, Interactive Brokers is more intimidating, though it's worth exploring the platform to see if you could save money or access more investments compared to other brokers.

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 Interactive Brokers 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 £79.83 per year, while Interactive Brokers would cost £15 per year.

12 trades per year - Interactive Investor would cost £107.76 per year, while Interactive Brokers would cost £36 per year.

36 trades per year - Interactive Investor would cost £203.52 per year, while Interactive Brokers would cost £108 per year.

120 trades per year - Interactive Investor would cost £538.68 per year, while Interactive Brokers would cost £360 per year.

3 fund trades per year - Interactive Investor would cost £0.0 per year, while Interactive Brokers would cost £0.0 per year.

query_stats What type of trader are you?

Our guides can help you choose the right broker for you and the way you trade: whether you consider yourself an investing beginner, a more experienced active trader, or a mobile-first trading enthusiast.

How do Interactive Investor and Interactive Brokers compare in terms of minimum deposits required?

Interactive Investor requires a minimum deposit of £0.0, while Interactive Brokers requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Interactive Investor charges annual custody fees of £59.88 - £143.88, while Interactive Brokers charges annual custody fees of 0.

Which broker offers a wider range of investment options?

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

Do Interactive Investor and Interactive Brokers offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Interactive Investor and Interactive Brokers offer SIPP and ISA accounts.

Do Interactive Investor and Interactive Brokers offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Interactive Investor nor Interactive Brokers offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of Interactive Brokers is better than the website of Interactive Investor. Interactive Brokers offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both Interactive Investor and Interactive Brokers, we tested each broker's stock trading app. All features compared, our analysis finds that Interactive Brokers offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do Interactive Investor and Interactive Brokers offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Interactive Investor offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement), while Interactive Brokers offers access to Education (Retirement).

Overall winner: Interactive Investor

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