Written by StockBrokers.com
In this head to head comparison of Interactive Investor vs Lloyds Bank, we will compare the trading platforms, mobile apps, investment options, costs, market research, and more. Let's dive in.
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 Lloyds Bank 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 Lloyds Bank would cost £95 per year.
12 trades per year - Interactive Investor would cost £59.88 / £107.76 per year, while Lloyds Bank would cost £40 - £172 per year.
36 trades per year - Interactive Investor would cost £59.88 / £203.52 per year, while Lloyds Bank would cost £40 - £328 per year.
120 trades per year - Interactive Investor would cost £59.88 / £538.68 per year, while Lloyds Bank would cost £40 / £1,000 per year.
3 fund trades per year - Interactive Investor would cost £0 per year, while Lloyds Bank would cost £0 per year.
What type of trader are you?
New to the world of investing? See our picks for the Best UK Trading Platforms for Beginners. More experienced traders should read our guide to the Best UK Trading Platforms for Active Traders.
Interactive Investor and Lloyds Bank both offer UK investors a comprehensive range of investment choices, each accommodating a variety of trading preferences. Both platforms allow for share trading, ETF trading, funds trading, and the trading of corporate and government bonds, as well as investment trusts. However, neither Interactive Investor nor Lloyds Bank provides options for cryptocurrency trading, spread betting, or CFD trading. A key distinction lies in advisor services, with Lloyds Bank offering such support, while Interactive Investor does not.
Despite these similarities, Interactive Investor holds a higher ranking in investment choices according to UK.StockBrokers.com. Both brokers receive a commendable 5-star rating for their investment offerings, but Interactive Investor stands out with a ranking of third position compared to Lloyds Bank, which is ranked eighth among 18 brokers. This suggests that while both platforms are strong options for varied investment needs, Interactive Investor may offer a slight edge in overall investment choice offerings.
| Feature |
Interactive Investor
|
Lloyds Bank
|
|---|---|---|
| Share Trading | Yes | Yes |
| CFD Trading | No | No |
| ETFs | Yes | Yes |
| Funds | Yes | Yes |
| Bonds - Government (Gilts) | Yes | Yes |
| Investment Trusts | Yes | Yes |
| Spread Betting | No | No |
| Crypto Trading | No | No |
| Advisor Services | No | Yes |
| Investment Choices |
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Professional’s Gateway to the World’s Markets.
Low-cost US and UK shares.
When comparing the trading tools offered by Interactive Investor and Lloyds Bank, Interactive Investor stands out significantly. Investors using Interactive Investor can easily view corporate events such as earnings, splits, and dividends directly on their charts, a feature unavailable with Lloyds Bank. Additionally, Interactive Investor provides a wide array of 18 drawing tools and 104 technical indicators to enhance charting analysis, whereas Lloyds Bank offers neither. Users of Interactive Investor also have the advantage of adding notes and overlays, both index and stock, to their charts, further enriching their trading strategies, compared to the no-frills charting experience with Lloyds Bank.
Both platforms offer browser-based trading, making it easy for traders to access their accounts. In terms of real-time data, Interactive Investor provides this crucial feature, keeping investors up-to-date with market movements, something Lloyds Bank does not. Moreover, both platforms facilitate stock price alerts, allowing users to stay informed about significant price changes. Overall, Interactive Investor clearly delivers a more comprehensive and versatile trading toolkit when compared to Lloyds Bank, making it a preferable choice for those seeking detailed chart analysis and timely market insights.
| Feature |
Interactive Investor
|
Lloyds Bank
|
|---|---|---|
| Web Platform | Yes | Yes |
| Stock Alerts | Yes | Yes |
| Charting - Indicators / Studies | 104 | 0 |
| Charting - Drawing Tools | 18 | 0 |
| Charting - Notes | Yes | No |
| Charting - Display Corporate Events | Yes | No |
| Charting - Stock Overlays | Yes | No |
| Charting - Index Overlays | Yes | No |
When comparing retirement account options between Interactive Investor and Lloyds Bank in the UK, both providers offer Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs) to cater to your financial planning needs. Interactive Investor provides a versatile platform for investors seeking to manage their own portfolios, while Lloyds Bank offers the convenience of integrating banking services with retirement savings. Both services aim to support individuals in building a secure financial future, with choices that align with diverse investment strategies and preferences.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
In the UK, both Interactive Investor and Lloyds Bank offer iPhone and Android apps for their users. However, when it comes to user satisfaction and ranking, Interactive Investor takes the lead with a rating of 4.5 stars out of 5 from UK.StockBrokers.com, positioning itself as the 7th best amongst 18 brokers for its mobile app. In contrast, Lloyds Bank's app is rated at 3.5 stars and ranks 17th in the same list, highlighting a notable difference in user experience and app performance between the two providers.
Dive deeper: Best Stock Trading Apps UK.
For UK readers exploring beginner investment education resources, Interactive Investor and Lloyds Bank offer distinct experiences. Interactive Investor stands out with its client webinars, which are available live and archived for on-demand viewing. Covering topics such as share trading, funds, and retirement, Interactive Investor provides comprehensive education tailored to novice investors. It is highly rated, earning 5 stars from UK.StockBrokers.com and achieving a remarkable second place out of 18 brokers for beginner education. Conversely, Lloyds Bank does not offer webinars or in-depth resources on these investment topics. Its beginner education rating is slightly lower at 4 stars, and it is ranked 14th in the same comparison. This makes Interactive Investor a more robust choice for those prioritizing accessible and comprehensive educational content.
| Feature |
Interactive Investor
|
Lloyds Bank
|
|---|---|---|
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Education (Share Trading) | Yes | No |
| Education (Funds) | Yes | No |
| Education (Retirement) | Yes | No |
| Education |
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|
Dive deeper: Best UK Trading Platforms for Beginners.
When comparing the market research features of Interactive Investor and Lloyds Bank, both platforms provide research reports for funds, shares, ETFs, and bonds, ensuring investors have access to a comprehensive range of information. However, a key difference lies in the ability to view portfolio allocation by asset class, offered by Interactive Investor but not by Lloyds Bank. Neither platform currently supports research on CFDs, which aligns them in this particular area. In essence, while both services deliver a broad spectrum of research options, Interactive Investor presents a slight edge for those interested in detailed portfolio analysis.
| Feature |
Interactive Investor
|
Lloyds Bank
|
|---|---|---|
| Research - Shares | Yes | Yes |
| Research - CFDs | No | No |
| Research - ETFs | Yes | Yes |
| Research - Bonds | Yes | Yes |
| Research - Funds | Yes | Yes |
| Fund Research - Research Reports | Yes | Yes |
| Portfolio Allocation Breakdown | Yes | No |
Which broker is better overall, Interactive Investor or Lloyds Bank? After collecting more than 900 data points over a 10-week period, we found Interactive Investor to be a better trading platform overall.
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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Lloyds Bank
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Both Interactive Investor and Lloyds Bank do not offer crypto trading, providing users with a consistent choice between two platforms that prioritize traditional investment options.
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0 of 5| Overall Rating | Interactive Investor | Lloyds Bank | |
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| Review | Interactive Investor Review | Lloyds Bank Review | |
| Winner | check_circle |
| Investments | Interactive Investor | Lloyds Bank | |
|---|---|---|---|
| ISA | Yes | Yes | |
| SIPP | Yes | Yes | |
| 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 | |
| Crypto Trading | No | No | |
| Advisor Services | No | Yes |
| Trading Fees | Interactive Investor | Lloyds Bank | |
|---|---|---|---|
| Minimum Deposit | £0 | £0 | |
| Share Trading: 0-9 Deals/ Month | £3.99 | £8, £10, £11 | |
| Share Trading: 10-19 Deals/ Month | £3.99 | £8 | |
| Share Trading: 20+ Deals/ Month | £3.99 | £8 | |
| 5 trades per year (£30k portfolio) | £79.83 | £95 | |
| 12 trades per year (£30k portfolio) | £59.88 / £107.76 | £40 - £172 | |
| 36 trades per year (£30k portfolio) | £59.88 / £203.52 | £40 - £328 | |
| 120 trades per year (£30k portfolio) | £59.88 / £538.68 | £40 / £1,000 | |
| 3 fund trades per year (£30k portfolio) | £71.85 | £44.50 | |
| Annual Custody Fee: £0 - £250,000 | £59.88 - £143.88 | £40 | |
| Annual Custody Fee: £250K-£500K | £143.88 | £40 | |
| Annual Custody Fee: £500,000 - £1m | £143.88 | £40 | |
| Annual Custody Fee: £1m and over | £143.88 | £40 | |
| Bonds - Corporate - Fee | £3.99 | £8 - £11 | |
| Bonds - Government (Gilts) - Fee | £3.99 | £8 - £11 | |
| ETFs - Fee | £3.99 | ||
| Investment Trusts - Fee | £3.99 | ||
| Telephone Dealing Fee | £49 | £35 |
| Broker Screenshots | Interactive Investor | Lloyds Bank | |
|---|---|---|---|
| Website Gallery (click to expand) |
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| Mobile Trading Apps Gallery (click to expand) |
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| Education Gallery (click to expand) |
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| Platforms & Tools | Interactive Investor | Lloyds Bank | |
|---|---|---|---|
| Web Platform | Yes | Yes | |
| iPhone App | Yes | Yes | |
| Android App | Yes | Yes | |
| Stock Alerts | Yes | Yes | |
| Charting - Indicators / Studies | 104 | 0 | |
| Charting - Drawing Tools | 18 | 0 | |
| Charting - Notes | Yes | No | |
| Charting - Display Corporate Events | Yes | No | |
| Charting - Stock Overlays | Yes | No | |
| Charting - Index Overlays | Yes | No |
| Research | Interactive Investor | Lloyds Bank | |
|---|---|---|---|
| Research - Shares | Yes | Yes | |
| Research - CFDs | No | No | |
| Research - Funds | Yes | Yes | |
| Fund Research - Research Reports | Yes | Yes | |
| Research - ETFs | Yes | Yes | |
| Research - Bonds | Yes | Yes | |
| Portfolio Allocation Breakdown | Yes | No |
| Education | Interactive Investor | Lloyds Bank | |
|---|---|---|---|
| Education (Share Trading) | Yes | No | |
| Education (Funds) | Yes | No | |
| Education (Retirement) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No |
| Overall Summary | Interactive Investor | Lloyds Bank | |
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| Review | Interactive Investor Review | Lloyds Bank Review | |
| Winner | check_circle |
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