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.
When considering online trading platforms, both Interactive Investor and Lloyds Bank offer a variety of options to potential investors. They both have solid offerings in share trading, ETFs, funds, corporate bonds, government bonds, and investment trusts, making them versatile choices for those interested in traditional investments. However, neither platform dives into the realm of newer investment opportunities, as both lack support for crypto trading, spread betting, and CFD trading. A notable distinction between the two is that Lloyds Bank provides advisor services, catering to those who desire personalized investment advice, whereas Interactive Investor does not.
Despite similar offerings, Interactive Investor holds a slight edge in the rankings according to UK.StockBrokers.com. Interactive Investor boasts a 5-star rating and ranks 5th out of 18 brokers for investment choices, demonstrating a strong position in the market. Meanwhile, Lloyds Bank also secures a 5-star rating but sits at the 8th position, suggesting a slightly less favorable perception compared to its competitor. Ultimately, both platforms stand out with their comprehensive traditional investment options, but your choice may depend on whether you value the possibility of having advisor support.
| 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 of Interactive Investor and Lloyds Bank, the differences become quite evident. Interactive Investor provides an impressive suite of features, including the ability to display corporate events like earnings and dividends directly on their charts. They also offer an extensive selection of 18 drawing tools and 104 technical indicators for charting. In addition, users can add notes, as well as index and stock overlays to enhance their analysis. In contrast, Lloyds Bank does not incorporate these features into their trading experience, offering neither drawing tools nor technical indicators, and lacks the capability to enhance charts with overlays or notes.
Both Interactive Investor and Lloyds Bank offer a browser-based trading platform and the ability to create alerts for price updates, a crucial feature for active traders. However, Interactive Investor distinguishes itself further by delivering real-time market data, allowing traders to make decisions based on the latest information. Meanwhile, Lloyds Bank does not provide real-time data, which might affect timely decision-making for traders relying on this platform. Therefore, for those seeking a comprehensive, data-rich trading environment, Interactive Investor clearly excels in offering advanced charting and market analysis tools.
| 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 considering retirement accounts, both Interactive Investor and Lloyds Bank provide a variety of options suitable for those planning their financial future. Interactive Investor offers both Individual Savings Accounts (ISA) and Self-Invested Personal Pensions (SIPP), making it a versatile choice for investors looking to manage their savings and pension in one place. Similarly, Lloyds Bank also provides ISAs and SIPPs, catering to individuals seeking the convenience of consolidating their retirement plans with a traditional banking institution. Whether opting for Interactive Investor’s comprehensive investment platform or Lloyds Bank’s trusted services, both promise to meet the diverse needs of savers and retirees alike.
Dive deeper: Best SIPP Providers, Best Stocks and Shares ISA Providers.
When comparing the mobile apps of online broker Interactive Investor and Lloyds Bank, both institutions offer apps available for iPhone and Android devices. Interactive Investor's mobile app stands out with a strong rating of 4.5 stars by UK.StockBrokers.com, securing a respectable 12th place among 18 brokers. In contrast, Lloyds Bank's app holds a more modest 3.5-star rating and ranks 15th in the same comparison. This distinction suggests that Interactive Investor provides a more highly regarded mobile experience for users seeking investment management on the go.
Dive deeper: Best Stock Trading Apps UK.
For beginner investors seeking educational resources, Interactive Investor and Lloyds Bank present distinct options. Interactive Investor stands out with a comprehensive suite of offerings, including live and archived educational webinars on various investing topics such as share trading, funds, and retirement. In contrast, Lloyds Bank does not provide webinars or targeted educational content for these topics. Reflecting their robust educational support, Interactive Investor earns a 5-star rating for beginner education from UK.StockBrokers.com and holds the top rank among 18 brokers. Meanwhile, Lloyds Bank receives a 4-star rating and ranks 15th, indicating a less extensive educational platform for new investors.
| 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 market research features between Interactive Investor and Lloyds Bank, both providers offer comprehensive research reports for funds, shares, ETFs, and bonds, meeting the needs of investors seeking in-depth analysis. However, Interactive Investor stands out by providing the ability to view portfolio allocation by asset class, a feature not available with Lloyds Bank. Neither platform offers research on CFDs, so if that's a priority, alternative options might be required. In summary, both platforms provide strong market research tools, but Interactive Investor offers an edge with its detailed portfolio allocation insights.
| 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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