interactive investor review | Products, features and fees - Finder UK

interactive investor review

Find out about the investing service that aims to help you achieve financial independence

Updated

Fact checked
interactive investor
We say
★★★★★
Finder expert rating
You say
★★★★★
Customer satisfaction
Huge range of assets to trade
Not the cheapest fees on the market
interactive investor Trading Account

Try Interactive Investor's award-winning investing and trading account

Capital at risk, investments may fall

  • Over 40,000 UK and global stocks to choose from
  • Reduce FX costs by managing money in 9 currencies
  • One free trade per month
  • Start investing today for a flat fee £9.99 a month
Promoted

If you’re looking to open several trading accounts, such as an ISA for you and a JISA for each of your kids, this might be a suitable platform for you as it has a flat-fee for everything (except it adds an extra £10 per month for its pension). Find out what we think of interactive investor, including details about its costs, what you can invest in and its pros and cons.

What is interactive investor?

interactive investor (yes, that’s intentionally all lower case and it’s sometimes referred to as “ii”) is an online investment service offering a range of different investment products, all with flat fees. It has plenty of products available and the opportunity to invest in shares, funds, investment trusts, exchange traded funds (ETFs), venture capital trusts (VCTs) and bonds and gilts. interactive investor has been listed as one of our best share trading apps of 2020.

How does interactive investor work?

For a flat fee of a minimum of £9.99 per month, interactive investor takes care of your assets and gives you a monthly credit of £7.99. This can be used for any trade in any of the accounts that your service plan covers (we’ll get on to the service plans in a mo).

You don’t have to pay additional service fees if you want to have more than one account with interactive investor, so you can have a trading account, stocks and shares ISA and a junior ISA all for one flat fee. It’s a great option if you plan to use your full annual ISA allowance and trade further as well as, say, opening a junior ISA for several kids.

As with many rules, there’s an exception, on the self-invested personal pension (SIPP for short), which costs an additional £10 per month.

What products does interactive investor offer?

interactive investor has nine different accounts available. These include:

  • Self-invested personal pensions (SIPPs)
  • Individual savings accounts (ISAs)
  • Trading accounts
  • Junior ISAs
  • Joint trading accounts
  • Free research accounts
  • Company accounts
  • Pension trading
  • Cash trading

How much does interactive investor cost?

Unlike other investment platforms, interactive investor charges flat fees instead of taking a percentage from your investments. You can choose a service plan based on what you’re looking for. These plans start at £9.99 per month and, as we mentioned above, cover multiple accounts.

You get some of this monthly service fee back in the form of credit to your account. Every month, interactive investor gives you £7.99 in credit to buy or sell an investment.

What are interactive investor’s service plans?

There are three service plans and you can choose one that suits you. All prices below relate to trades under the value of £100,000 (or £25,000 internationally), the charges above this are explained in more detail below.

Investor – £9.99 per month

Type of investmentCost
UK shares/ ETFs£7.99
Funds and investment trusts£7.99
US shares£7.99
Other international shares£19.99
Dividend reinvestment£0.99
Regular investmentFree

Funds Fan: £13.99 per month

Type of investmentCost
UK shares and ETFs£7.99
Funds and investment trusts£3.99
US shares£7.99
Other international shares£19.99
Dividend reinvestment£0.99
Regular investmentFree

Super investor – £19.99 per month

Type of investmentCost
UK shares and ETFs£3.99
Funds and investment trusts£3.99
US shares£4.99
Other international shares£9.99
Dividend reinvestment£0.99
Regular investmentFree

interactive investor fees and charges

What can I invest in with interactive investor?

interactive investor has thousands of options when you’re choosing the companies to invest in, with over 40,000 UK, US and international shares on 17 global exchanges.

There are over 3,000 funds to choose from, alongside ETFs, bonds, gilts and VCTs.

interactive investor general investment account

interactive investor’s general investment options, such as the trading account, joint trading account and company account, allow you to invest without an upper limit.
Key features include:

  • You can withdraw your money whenever you like
  • 40,000 UK and global stocks to choose from
  • You can manage your money in up to 9 currencies

It’s worth noting that you may need to pay capital gains tax on your profits. Generally, people would turn to the ISA before general investment if they haven’t used their ISA allowance for the year.

interactive investor ISAs

interactive investor’s ISA options, including the stocks and shares ISA and the junior ISA (JISA), allow you to invest up to your tax allowance (£20,000 for the 2019/2020 tax year) tax-free. The annual JISA allowance for 2019/2020 is £4,638 while the 2020/2021 allowance is £9,000.
Key features include:

  • You can use your ISA allowance
  • No withdrawal penalties
  • Generates impartial intelligence daily to help you make decisions
  • You choose your own investments – if you want some help then the interactive investor’s investment experts provide ready-made portfolios and fund recommendations

interactive investor SIPP

interactive investor’s self-invested personal pension allows you to invest long term with the benefit of tax relief on your contributions. It is suitable for experienced investors who are happy to make their own investment options. Your pension is locked until you turn 55, after which you have several drawdown options.
Key features include:

  • Freedom to choose and manage your own investments
  • More than 40,000 UK and global stocks
  • Expert tips and information, including impartial information, selected funds, ready-made portfolios and newsletters
  • Invest in multiple currencies
  • Fixed fees. You can add the SIPP for £10 extra per month

How do I decide what to invest in with interactive investor?

interactive investor offers several options for building your portfolio, depending on how much help you want in choosing what to invest in and your risk appetite.

  • Quick-start funds. interactive investor has created three ready-made funds to get you started. The funds are categorised by risk appetite, allowing you to choose one that suits you.
  • ii Super 60. This is a wide range of active and passive funds, investment trusts and ETFs. These have a good track record and cover a range of regions. You can choose between risk appetites and if you’re not sure what to go with, there is a huge host of information on the different options available on the website.
  • Trading tips and ideas. interactive investor regularly puts together inspiration, tips and ideas in the form of videos and articles to help you make investment decisions.

Is interactive investor safe?

interactive investor is a secure company that has been managing investments since 1995. The company is regulated by the Financial Conduct Authority (FCA). Your money is covered by the Financial Services Compensation Scheme up to the value of £85,000 if interactive investor were to go bust. This does not cover your money in the event that your investments go down in value.

What can I do with the interactive investor app?

The mobile app allows you to trade, get quotes and manage your investments on the go. It uses Face and Touch ID for security.
Features of the iOS and Android apps include:Picture not described

  • Trading. You can access all the investment options that are accessible on the web app.
  • Orders. You can see the status of all of your orders and can close or cancel orders.
  • Funding. Allows you to see summaries of your accounts and add more funds.
  • Quick quotes. Obtain stock quotes, view price charts and save stocks for later.
  • Newsfeed, watchlist and market overview. Helps you stay up to date with the news, have a list of stocks to keep an eye on and shows you the latest market developments.
  • Security. It uses Face and Touch ID for a quick log-in.

How good is interactive investor?

In terms of the options available and the opportunity to have full control over your investments, interactive investor is a good platform. If you’re new to investing then it could be a little overwhelming, but once you’ve spent some time reading the articles, you’re likely to find it easier to understand. The flat fees take some of the guesswork out of investing.

Pros and cons of interactive investor

Pros

  • Takes flat fees instead of a percentage of your investments (but the fees can outweigh your profits if you only have a small amount to invest)
  • Gives a lot of detail and options when investing – good for experienced investors
  • Great deal of information and inspiration on trading to help you make decisions

Cons

  • Quite a lot of fees for services, such as share certificates and postage
  • Overwhelming number of options if you’re new to investing
  • Fees might outweigh profits if you only have a small amount to invest

interactive investor customer reviews

Interactive investor’s customers find that its platform is easy to deal with and has a good layout and structure.

Some customers mentioned that its fees are quite high, especially compared to other share dealing providers. They noted that it wouldn’t be as expensive with higher investments.

Our verdict

interactive investor is a really comprehensive platform for investing. The term “interactive” is key here, as you’ll need to keep an id eye on your investments and know when to make adjustments. It offers plenty of useful information to give you more insight into what you are doing. On its website, interactive investor claims to be suitable even if you’re a beginner, but we reckon it’s more suited to the experienced investor.
If you have a small amount to invest, the fees might outweigh the profit you make, so it’s worth taking a look at alternative platforms.

Promoted
interactive investor Trading Account

Try Interactive Investor's award-winning investing and trading account

Capital at risk, investments may fall

  • Over 40,000 UK and global stocks to choose from
  • Reduce FX costs by managing money in 9 currencies
  • One free trade per month
  • Start investing today for a flat fee £9.99 a month

Similar platforms

Table: sorted by promoted deals first
Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $500.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
loading

Compare up to 4 providers

Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown Stocks and Shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets Stocks and Shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell Stocks and Shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
loading

Compare up to 4 providers

Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
loading

Compare up to 4 providers

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

Frequently asked questions

Share dealing platform ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average

Our customer satisfaction scores ("Customers say") are based on a survey of 752 customers carried out in December 2020.

More guides on Finder

  • Women in investing

    Find out how many women in the UK invest and how many manage investment funds.

  • Equity release solicitors

    Find out why you need an equity release solicitor, how to find one, and how much it’s likely to cost in fees.

  • Invest in electric cars

    Find out how to invest in electric cars and see some electric car stocks to consider. We’ve listed the 6 steps to get started and the risks.

  • Invest in makeup stocks

    Want to add highlight to the foundations of your investment portfolio with makeup stocks? Find out how to invest in makeup and the risks.

  • Cryptocurrency statistics 2021

    We explore the latest statistics in the world of cryptocurrency including who is and isn’t buying cryptocurrency, as well as who has made their millions off these virtual currencies.

  • How to trade Pink Sheet stocks

    Find out about Pink Sheet Stocks are, including some examples of Pink Sheet Stocks, the risks involved and how to invest in some.

  • The best stock trading apps and platforms in the UK

    We’ve taken a look at some of the best trading apps in the UK and explained who they’re best suited to. Our table compares fees and services too.

  • A complete guide to buying, selling and investing in silver

    Find out your different investment options, the benefits of investing in silver and what the possible risks are.

  • Alternatives to IG

    Find out some alternatives to IG and what they’re good for. We’ve listed some similar trading platforms to consider.

  • Alternatives to Degiro

    Compare some alternatives to Degiro. We’ve found some similar trading platforms to Degiro that you could consider.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site