Interactive Investor vs Lloyds Bank 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 Interactive Investor vs Lloyds Bank.

Which broker is cheaper: Interactive Investor or Lloyds Bank?

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 Lloyds Bank's 3.50 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 Lloyds Bank charges £172.00.

3 Trades Per Month - Interactive Investor is cheaper under this scenario. Interactive Investor would cost £287.76 while Lloyds Bank would cost £436.00.

10 Trades Per Month - Interactive Investor is the cheaper option. Fees with Interactive Investor would be £622.92 while fees with Lloyds Bank would be £1,000.00.

20 Trades Per Month - Interactive Investor costs less in this case. Interactive Investor charges £1,101.72 while Lloyds Bank charges £1,960.00.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Interactive Investor charges £119.88 (£9.99 monthly) while Lloyds Bank charges £40 (flat).

Does Interactive Investor or Lloyds Bank offer a wider range of investment options?

Interactive Investor offers a more diverse selection of investment options than Lloyds Bank. 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 Interactive Investor or Lloyds Bank 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 Lloyds Bank. Interactive Investor offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: Interactive Investor or Lloyds Bank?

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

Overall, between Interactive Investor and Lloyds Bank, Interactive Investor is the winner.