ECR3 6HE, UK. Interactive Investor charges £120 a year compared to just £60 at The Share Centre for a basic Isa account before dealing charges 300,000 investors could see fees double as … For active traders, this subscription service can make sense – in exchange for a monthly fee, you get discounted rates for trading UK and US shares. Do you have a question or would you like to give feedback about this website? In our Interactive Investor review, we’ll take a closer look at everything this broker has to offer and see how it stacks up against the competition. The fees take effect from 1 June. Interactive Investor has four managed portfolios, but they are only available as examples. Interactive Investor*, the investment platform recommended in our book, Your Retirement Salary, as a good all-round choice for many, has announced a change in its charging structure. Interactive Investor head of personal finance Moira O’Neill (pictured) said plans have been in the pipeline for months and the timing several weeks after Charles Schwab is coincidental. 10 Trades Per Month - IG is the better choice. Nothing in this website constitutes personal financial advice. The Super Investor plan costs £19.99 per month. Interactive Investor’s newly completed buyout of rival consumer platform The Share Centre will “strengthen the voice” for flat fees, its chief executive has said. Steven Nelson, the firm’s consulting director, said they would minimise the extra cost by choosing the “Super Investor” option, which would cost them £544 a year, compared with £440 a year currently. Its contents represent journalistic research and readers should ensure that any course of action they consider as a result of anything that appears on this website is appropriate to their own needs and circumstances, if necessary with the help of a financial adviser regulated by the Financial Conduct Authority. Exit fees and Interactive Investor problems: I would welcome comments on two related issues, one being specific to Interactive Investor, and the other being the general issue which this raises. Interactive Investor charges investors flat fees for its services, and is a growing rival to Hargreaves Lansdown, the market leader. You can also analyze dividends over time, look at the top shareholders for any company, and get information about recent insider trading activity. ", St Magnus House, Past performance is no guarantee of future results. Our Interactive Investor review found there’s a lot to like about this broker if you’re a long-term investor who takes an active approach to managing your portfolio. So, it’s possible for long-term investors to build positions in funds or shares over time. Interactive Investor is a UK share broker launched in 1995. While the technical analysis and charting tools could be vastly improved upon, this broker has some of the best fundamental research around. The changes will take effect on June 1. He holds a Ph.D. in Oceanography from Oregon State University and worked with environmental non-profits across the US to bridge the gap between scientific research and coastal communities. Registered Office: 1800 McGill College Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada. The two platforms take a very different approach to trading, so they’re best for different types of investors. Interactive Investor currently supports nine base currencies: GBP, USD, EUR, CAD, HKD, SGD, AUD, SEK, and CHF. On the whole, we recommend eToro over Interactive Investor. It’s worth highlighting that this is a very different balance than most brokers strike. Long-term fundamental traders will find all of the information they need to make decisions available through Interactive Investor. These allow you to interact with other traders and even copy their entire portfolios, so you can essentially invest in stocks in a passive way. Email us at at pensincinv@gmail.com  Â, *Links marked with an asterisk can earn money for this website: the company involved may pay us commission if you follow our link to its website or transact on it. Pricing at Interactive Investor is unique compared to almost every other major UK broker. In a lot of ways, this defeats the main purpose of having a mobile trading app in the first place – being able to take advantage of short-term price dips while on the go. Plus, having the ability to open a low-cost ISA or SIPP plan is extremely helpful if you want to save for retirement. You can choose from three fee structures that differ based on the monthly account fee and the fees charged for certain products. UK Company No. Interactive Investor offers customer support by phone, live chat, and email during weekdays only, from 7:45 am to 5:30 pm GMT. ✔ Adding a SIPP is only £10 a month extra *. Since the broker is based in the UK, all investment accounts are backed by the UK’s Financial Services Compensation Scheme. Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. This is particularly useful for ISA and SIPP accounts, since saving requires that you regularly transfer funds for investment in any case. However, keep an eye out for conversion and other fees if you are using a currency other than pounds. Interactive Investor contact number (UK): 0345 607 6001. All investing involves risk: ensure that you understand the risks before you proceed. 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. Interactive Isa/dealing account: £100 Interactive Sipp: £220 Hargreaves Landown Isa/dealing account: £172 Hargreaves Lansdown Sipp: £172 When are Interactive's fees changing? Interactive Brokers Canada Inc. is an execution-only dealer and does not provide investment advice or recommendations regarding the purchase or sale of any securities or derivatives. 75% of retail investor accounts lose money when trading CFDs with this provider. ✔ We give you a free trade every month, and there are no trading fees with our regular investing service. Home / Blog / Flat fees and consolidation at Interactive Investor Flat fees and consolidation at Interactive Investor Last week was an interesting one in the direct-to-consumer (D2C) platform market with Interactive Investor hitting the headlines twice — first because it announced it was acquiring its D2C competitor, Trustnet Direct, and secondly because it announced its pricing. All of the research and analysis available to traders on Interactive Investor comes from Morningstar. The downside is that only a few news stories are published each day, and you won’t typically find straight-out recommendations for shares or funds to buy. Let’s find out whether Interactive Investore is the right share dealing platform for you. What Does Interactive Investor Share Dealing Offer? It is the UK's biggest flat-fee investment platform, with £36 billion of assets under administration,[1] over 300,000 customers and more than one million users. We use cookies to ensure that we give you the best experience on our website. In 2019 alone, it won the ADVFN Best Low-cost Stockbroker Award, the Best ISA Provider Award from City of London Wealth Management, and the Best Low-cost SIPP Provider Award from the Financial Times. 3 Lower Thames Street, ✔ Your £9.99 a month service plan fee gives you access to our Stocks & Shares ISA, Junior ISA and general Trading Account. How does Interactive Investor stack up against eToro, another top share broker in the UK? eToro’s mobile app is also superior, as you have access to technical charts and price alerts. 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. If you’re looking for in-depth technical analysis with customizable charting, look elsewhere. By continuing to use this website you agree to our privacy policy. This is in addition to the monthly fee for your account. However, eToro also offers a wide range of other assets, including forex, commodities, and cryptocurrencies. You can also trade the majority of shares on the New York and Nasdaq Stock Exchanges in the US, including popular shares such as Amazon and Netflix. See how Interactive Brokers stacks up against Interactive Investor! 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. This pricing structure is designed to benefit active traders who place multiple trades per month. The Funds Fan plan costs £13.99 per month and drops the commission on UK fund and ETF trades to £3.99. If you turn on dividend reinvestment for your account, Interactive Investor also charges £0.99 per reinvestment transaction. Interactive Investor also charges for a variety of other account actions, although the chances that you will activate these charges are low. With this feature, investors can designate up to 25 shares, funds, or ETFs that they already own to invest in at regular intervals. Investors get access to trade most shares on the London Stock Exchange, including Tesco and Royal Mail. While some funds may include bonds, you cannot buy and sell bonds directly through this broker. 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. When it comes to fundamental analysis, however, Interactive Investor shines. Michael’s science journalism has been featured in high-profile online publications such as Salon and Pacific Standard as well as numerous print magazines over the course of his six-year career as a writer. It will also introduce three price plans: a basic “Investor” service for £9.99 a month, “Funds Fan” at £13.99 a month and “Super Investor” for £19.99 a month. With this plan, UK share, fund, and ETF trades cost £3.99 while US share trades cost £4.99 each. There are no options to set up ‘one cancels the other’ or other complex order flows. 11705811. Interactive Investor offers trading on global markets. The direct to … Email after email came in from dedicated readers horrified by the price bomb dropped on their heads by Interactive Investor (the discount broker commonly known as iii). Trading on a monthly subscription model and there are no trading fees with Investor... Larger traders Avenue, Suite 2106, Montreal, Quebec, H3A 3J6, Canada share dealing platform for to! Structure is designed to benefit active traders who place multiple trades per month to manage a SIPP plan extremely... Interactive Brokers also has a selection of more than 300,000 clients in total and manages £36 billion in assets note... Through an e-wallet, look elsewhere it ’ s worth highlighting that this is a freelance journalist based Bellingham. 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