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Interactive Investor vs Lloyds Bank 2020

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Is Interactive Investor better than Lloyds Bank? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, Interactive Investor is better than Lloyds Bank. With Interactive Investor's Super Investor Plan, traders pay a low rate of £3.99 per trade on UK stocks and ETFs. Alongside great pricing, Interactive Investor offers brilliant fundamental research for stocks, funds, investment trusts, and ETFs. That said, no education is provided, and trading tools are lackluster.

Overall Rating

Feature Interactive Investor Lloyds Bank
Overall 4.5 3.5
Interactive Investor Review Lloyds Bank Review

Trading Fees

Feature Interactive Investor Lloyds Bank
Share Trading: 0-9 Deals/ Month
£7.99 £11.00
Share Trading: 10-19 Deals/ Month
£3.99 £8.00
Share Trading: 20+ Deals/ Month
£3.99 £8.00
Annual Custody Fee: £0 - £250,000*
£119.88 £40.00
Bonds - Government (Gilts) - Fee
£40.00 £11.00
ETFs - Fee
£7.99 £11.00
Investment Trusts - Fee
£7.99 £11.00
Telephone Dealing Fee*
£49.00 £35.00
Commissions & Fees 4.5 3.5
Winner check_circle

Platforms & Tools

Feature Interactive Investor Lloyds Bank
Desktop Platform (Windows)
No No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
11 91
Charting - Drawing Tools
0 17
Charting - Notes
No No
Charting - Display Corporate Events
No Yes
Charting - Stock Overlays
Yes No
Platform & Tools 3 3.5
Winner check_circle

Research

Feature Interactive Investor Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes Yes
Fund Research - Research Reports
Yes No
Research - ETFs
Yes Yes
Research - Bonds
Yes Yes
Portfolio Allocation Breakdown
Yes Yes
Research 4.5 4
Winner check_circle

Investments

Feature Interactive Investor Lloyds Bank
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
Yes Yes
Bonds - Government (Gilts)
Yes Yes
Investment Trusts
Yes Yes
Spread Betting
Yes No
Advisor Services
No Yes
Offering of Investments 4.5 4
Winner check_circle

Education

Feature Interactive Investor Lloyds Bank
Has Education - Share Trading
No Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
No No
Client Webinars (Archived)
No No
Education 1 3.5

Overall

Feature Interactive Investor Lloyds Bank
Interactive Investor Review Lloyds Bank Review
Overall 4.5 3.5
Winner check_circle
To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Interactive Investor vs Lloyds Bank.

Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched 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.

Scenario 1 - If you make 1 trade a month, or 12 per year, the fees with Lloyds Bank wold be £172 and the fees with Interactive Investor would be £119.8.

Scenario 2 - 3 trades per month, for a total of 36 trades per year. Lloyds Bank would charge £436 while Interactive Investor would charge £287.76.

Scenario 3 - 120 trades per year, or 10 trades per month. Interactive Investor charges £622.92 and Lloyds Bank charges £1000.

Scenario 4 - If you make 20 trades a month, or 240 per year, the fees with Interactive Investor wold be £1101.72 and the fees with Lloyds Bank would be £1960.

Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Lloyds Bank offers clients ISA and SIPP while Interactive Investor offers ISA, ISA - Junior, SIPP and Spread Betting. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Lloyds Bank offers its clients access to 17 charting tools while Interactive Investor has 0 charting tools, a difference of 17. Interactive Investor trails Lloyds Bank by 80 total different indicators (for example, moving averages), with Lloyds Bank offering 91 and Interactive Investor offering 11. Both Interactive Investor and Lloyds Bank offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Interactive Investor offers fund research reports while Lloyds Bank does not.

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

Interactive Investor Review
Lloyds Bank Review


All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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