Interactive Investor has scrapped exit fees for The Share Centre customers after its acquisition of the rival platform completed earlier this week. Interactive Investor offers trading on global markets. We expect the effect on investors who follow the approach outlined in our book to be an increase in platform fees of about £100 a year. Interactive Investor charges a monthly subscription and commissions on every trade, while eToro is 100% commission-free. Often, brokerage platforms are heavy on charting and technical analysis, but light on fundamental research. All Rights Reserved. There simply aren’t many guides for beginner investors, so you’ll have to look elsewhere if you need advice about what type of account to open or how to manage risk. The other important research tool that Interactive Investor offers is a news feed. You cannot invest directly in these portfolios and have your holdings managed for you. Apologies for the hold, you should have been able to hear the tinkling of a piano, could be the line was muted as opposed to hold so I will feed this back. The monthly account fee is assessed regardless of whether you place any trades. 3 Lower Thames Street, Ive had enough of interactive investor's fees...: Hi All Ive been with interactive investor for 6 years now, was with TDWaterhouse prior but unfortunately ii bought them out. You are charged £7.99 for UK and US share trades, ETF trades, and fund trades. While there is some fundamental research, eToro doesn’t have advanced financial data from Morningstar like Interactive Investor does. When it comes to fundamental analysis, however, Interactive Investor shines. Interactive Investor has more than 300,000 clients in total and manages more than £36 billion in assets. Pricing at Interactive Investor is unique compared to almost every other major UK broker. However, keep an eye out for conversion and other fees if you are using a currency other than pounds. Interactive Investor has made waves as a UK share dealer because it’s one of the only brokers to operate on a monthly subscription model. In each plan, Interactive Investor grants free credit of £7.99 every month, to be used against any trade. Take control of your pension with our great value, award-winning SIPP. That said, Interactive Investor doesn’t sponsor any of its own funds like some large investment banks with retail accounts do. If your friends would find this page useful, share it with them using the buttons below left (if you use the email button, ensure you tick "I'm not a robot" before you fill in the other fields). How does Interactive Investor stack up against eToro, another top share broker in the UK? Buyshares.co.uk provides top quality insights through financial educational guides and video tutorials on how to buy shares and invest in stocks. Annual fees with IG would total £360.00, while annual fees with Interactive Investor would be £622.92. Interactive Investor also offers trading on a wide variety of UK funds and UK and US ETFs. 20 Trades Per Month - IG costs less in this scenario. Interactive Investor carry a quarterly fee of £22.50, plus a trading fee of £10 for buying and selling (this reduces to £6 if you are doing frequent trades). Interactive Investor ISA Fees From the 1st June 2019, Interactive Investor moved from a quarterly charge of £22.50 to a monthly flat fee pricing model, with three service plans to choose from. While you can access the order interface, news feed, and watchlists, it’s difficult to use the app to make decisions about what assets are worth trading. The service is excellent, as you can get a human representative on the line in under one minute and the support team is impressively knowledgeable about the brokerage platform and common account issues. You can choose your settlement currency (note that there may be fees for settling in a currency other than pounds) and your settlement date, as well as clearly see any fees that the platform will charge for your trade. The platform operates on a monthly subscription model and there are three different plans available: Investor, Funds Fan, and Super Investor. Interactive Investor falls well short of the mark when it comes to trader education and isn’t ideal if you’re a beginner looking to learn how to invest in stocks. In addition to covering financial markets, Michael’s work focuses on science, the environment, and global change. On top of that, Interactive Investor gives account holders share and fund research from Morningstar, which in itself is quite valuable. In addition, eToro offers more flexibility in terms of how you invest. The fees applied by your investment platform apply, whether or not your investments are doing well. The three plan options let you tailor your subscription to the assets you trade most frequently. Not only is it more affordable, but it also offers copy trading, CFDs, a range of payment methods that include PayPal, and one of the best mobile investment apps on the market. The broker also doesn’t allow you to set up a demo trading account. When it comes to buying and selling shares or funds, you only get three order types – market, limit, or stop loss. While there are improvements we’d like to see to Interactive Investor’s platform – most notably, better technical charts and an improved mobile app – there’s a reason this broker has attracted more than 300,000 users. While this limits the functionality of some of the platform’s tools, it does make it easy for new traders to begin using the platform. Although any increase in costs is unwelcome, we believe that Interactive Investor remains good value for any investor with a medium-sized or large portfolio, say of £100,000 or more. 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