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Interactive Investor vs Lloyds Bank 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Interactive Investor better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, Interactive Investor is better than Lloyds Bank. Interactive Investor is a solid option for investors looking for strong in-house recommendations for funds and well-put-together research reports. Fees, although lowered from last year, are still fairly high, especially considering the less-than-impressive platform, mobile app and tools available. Interactive Investor struggles to remain competitive with the best trading platforms in the U.K.

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Overall RatingInteractive InvestorLloyds Bank
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Mobile Trading 3/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3/5 Stars
Research 3.5/5 Stars 4/5 Stars
Ease of Use 3.5/5 Stars N/A
Education 3.5/5 Stars 3.5/5 Stars
Review Interactive Investor Review
Winner check_circle
InvestmentsInteractive InvestorLloyds 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 FeesInteractive InvestorLloyds Bank
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £5.99 (Investor Plan) £8 to 11
Share Trading: 10-19 Deals/ Month £3.99 (Super Investor Plan) £8
Share Trading: 20+ Deals/ Month £3.99 (Super Investor Plan) £8
5 trades per year (£30k portfolio) £119.88 £47.5
12 trades per year (£30k portfolio) £119.88 £172
36 trades per year (£30k portfolio) £263.64 (investor) 287.76 (super investor) £436
120 trades per year (£30k portfolio) £766.8 (investor) 622.92 (super investor) £1000
3 fund trades per year (£30k portfolio) £119.88 £44.5
Annual Custody Fee: £0 - £250,000 £119.88 (Investor Plan - £9.99 monthly) £40 (flat)
Annual Custody Fee: £250K-£500K £119.88 £40
Annual Custody Fee: £500,000 - £1m £119.88 £40
Annual Custody Fee: £1m and over £119.88 £40
Bonds - Corporate - Fee £40 (when trade value is above £100,000) £11
Bonds - Government (Gilts) - Fee £40 (when trade value is above £100,000) £11
ETFs - Fee £5.99 (Investor Plan) £11
Investment Trusts - Fee £5.99 (Investor Plan) £11
Telephone Dealing Fee £49 £25
Platforms & ToolsInteractive InvestorLloyds Bank
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes Yes
Charting - Indicators / Studies 104 83
Charting - Drawing Tools 16 17
Charting - Notes No Yes
Charting - Display Corporate Events Yes No
Charting - Stock Overlays Yes No
Charting - Index Overlays Yes No
ResearchInteractive InvestorLloyds Bank
Research - Shares Yes Yes
Research - CFDs No Yes
Research - Funds Yes Yes
Fund Research - Research Reports Yes No
Research - ETFs Yes Yes
Research - Bonds No Yes
Portfolio Allocation Breakdown Yes Yes
EducationInteractive InvestorLloyds Bank
Has Education - Share Trading Yes Yes
Has Education - Funds Yes Yes
Has Education - Retirement Yes Yes
Client Webinars No Yes
Client Webinars (Archived) No Yes
Overall SummaryInteractive InvestorLloyds Bank
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Mobile Trading 3/5 Stars 3.5/5 Stars
Platforms & Tools 3/5 Stars 3/5 Stars
Research 3.5/5 Stars 4/5 Stars
Ease of Use 3.5/5 Stars N/A
Education 3.5/5 Stars 3.5/5 Stars
Review Interactive Investor Review
Winner check_circle
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Interactive Investor vs Lloyds Bank Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Investor vs Lloyds Bank.

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 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 £119.88 per year, while Lloyds Bank would cost £47.5 per year.

12 trades per year - Interactive Investor would cost £119.88 per year, while Lloyds Bank would cost £172 per year.

36 trades per year - Interactive Investor would cost £263.64 (investor) 287.76 (super investor) per year, while Lloyds Bank would cost £436 per year.

120 trades per year - Interactive Investor would cost £766.8 (investor) 622.92 (super investor) per year, while Lloyds Bank would cost £1000 per year.

3 fund trades per year - Interactive Investor would cost £119.88 per year, while Lloyds Bank would cost £44.5 per year.

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

Which broker offers better research?

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?

To compare the trading platforms of both Interactive Investor and Lloyds Bank, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Investor offers a better share dealing platform and Interactive Investor offers a better stock app for mobile trading.

Overall winner: Interactive Investor

Read Next: Best UK Trading Platforms 2022


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