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Interactive Investor vs Lloyds Bank 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is Interactive Investor better than Lloyds Bank? After scoring the best share dealing accounts across 46 different variables, our analysis finds that 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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Compare

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Overall Rating Interactive Investor Lloyds Bank
Overall Rating info 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
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Investments Interactive Investor Lloyds Bank
ISA info Yes Yes
SIPP info Yes Yes
Share Trading info Yes Yes
CFD Trading info No No
Funds info Yes Yes
ETFs info Yes Yes
Bonds - Corporate info Yes Yes
Bonds - Government (Gilts) info Yes Yes
Investment Trusts info Yes Yes
Spread Betting info No No
Crypto Trading info No No
Advisor Services info No Yes
Trading Fees Interactive Investor Lloyds Bank
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info £3.99 (Investor Plan) £8 to 11
Share Trading: 10-19 Deals/ Month info £3.99 (Super Investor Plan) £8
Share Trading: 20+ Deals/ Month info £3.99 (Super Investor Plan) £8
5 trades per year (£30k portfolio) info £79.83 (Essentials plan); £143.88 (Investor plan); £239.88 (Super Investor plan) £47.5
12 trades per year (£30k portfolio) info £107.76 (Essentials); £143.88 (Investor plan); £239.88 (Super Investor plan) £172
36 trades per year (£30k portfolio) info £239.64 (Investor); £287.76 (Super Investor) £436
120 trades per year (£30k portfolio) info £574.80 (Investor) or £622.92 (Super Investor) £1000
3 fund trades per year (£30k portfolio) info £71.85 (Essentials plan) £44.5
Annual Custody Fee: £0 - £250,000 info £143.88 (Investor Plan - £11.99 monthly) £40 (flat)
Annual Custody Fee: £250K-£500K info £143.88 £40
Annual Custody Fee: £500,000 - £1m info £143.88 £40
Annual Custody Fee: £1m and over info £143.88 £40
Bonds - Corporate - Fee info £40 (when trade value is above £100,000) £11
Bonds - Government (Gilts) - Fee info £40 (when trade value is above £100,000) £11
ETFs - Fee info £3.99 (Investor Plan) £11
Investment Trusts - Fee info £3.99 (Investor Plan) £11
Telephone Dealing Fee info £49 £25
Platforms & Tools Interactive Investor Lloyds Bank
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes Yes
Charting - Indicators / Studies info 104 83
Charting - Drawing Tools info 16 17
Charting - Notes info No Yes
Charting - Display Corporate Events info Yes No
Charting - Stock Overlays info Yes No
Charting - Index Overlays info Yes No
Research Interactive Investor Lloyds Bank
Research - Shares info Yes Yes
Research - CFDs info No Yes
Research - Funds info Yes Yes
Fund Research - Research Reports info Yes No
Research - ETFs info Yes Yes
Research - Bonds info No Yes
Portfolio Allocation Breakdown info Yes Yes
Education Interactive Investor Lloyds Bank
Education (Share Trading) info Yes Yes
Education (Funds) info Yes Yes
Education (Retirement) info Yes Yes
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Overall Summary Interactive Investor Lloyds Bank
Overall Rating info 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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Comparing online share dealing platforms side by side is no small task. For our 2022 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare Interactive Investor and Lloyds Bank.

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.

Is Interactive Investor a good broker?

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.

Is Lloyds Bank a good broker?

Lloyds Bank can deliver value to the passive fund trader who places a few fund trades each year and requires little research. Outside of this customer mold, Lloyds quickly becomes expensive and can’t provide the same trading tools or research as top UK brokers.

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 £79.83 (Essentials plan); £143.88 (Investor plan); £239.88 (Super Investor plan) per year, while Lloyds Bank would cost £47.5 per year.

12 trades per year - Interactive Investor would cost £107.76 (Essentials); £143.88 (Investor plan); £239.88 (Super Investor plan) per year, while Lloyds Bank would cost £172 per year.

36 trades per year - Interactive Investor would cost £239.64 (Investor); £287.76 (Super Investor) per year, while Lloyds Bank would cost £436 per year.

120 trades per year - Interactive Investor would cost £574.80 (Investor) or £622.92 (Super Investor) per year, while Lloyds Bank would cost £1000 per year.

3 fund trades per year - Interactive Investor would cost £0.0 per year, while Lloyds Bank would cost £0.0 per year.

How do Interactive Investor and Lloyds Bank compare in terms of minimum deposits required?

Interactive Investor requires a minimum deposit of £0.0, while Lloyds Bank requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 Interactive Investor charges annual custody fees of £143.88 (Investor Plan - £11.99 monthly), while Lloyds Bank charges annual custody fees of £40 (flat).

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.

Do Interactive Investor and Lloyds Bank offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that Both Interactive Investor and Lloyds Bank offer SIPP and ISA accounts.

Do Interactive Investor and Lloyds Bank offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither Interactive Investor and Lloyds Bank offer crypto investing.

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, our analysis finds that Interactive Investor offers a better share dealing platform and Interactive Investor offers a better stock app for mobile trading.

Do Interactive Investor and Lloyds Bank offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that Interactive Investor offers traders access to Education (Share Trading), Education (Funds) and Education (Retirement), while Lloyds Bank offers access to Client Webinars, Client Webinars (Archived), Education (Share Trading), Education (Funds) and Education (Retirement).

Overall winner: Interactive Investor

Read Next: Best UK Trading Platforms 2022


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