Interactive Investor Stock Brokerage Review: Best Fixed Fee Stock Broker
Account: Interactive Investor Stock Brokerage
Description: Interactive Investor is a low-cost online stock broker offers investors access to over 40,000 shares in over 20 markets. The flat account fee helps keep costs down for large portfolios and you get one free trade per month for smaller accounts.
Capital at risk.
Summary
Fees: You get a free trade every month, then UK Shares and Funds, US Shares charged £7.99 or upgrade to a £19.99 “Super Investor” account 2 free monthly trades and deal for £3.99. Regular investing is free.
Special Offers:
- One free trade per month – One buy or sell order is free every month, after that, the cost is between £3.99 and £5.99 depending on what plan you are on.
- Free investing for your friends and family – You can give up to five people a free investment account subscription with Interactive Investor’s Friends and Family plan. You pay a single extra fee of £5 a month, and their monthly cost is zero. Each member can invest up to £30,000 in an ISA or a general investing account with free regular investing and no account fees. However, they will still pay normal dealing commissions when they buy and sell investments.
- Get £200 when you refer a friend to Interactive Investor – Recommend a friend or family member to ii and get a £200 reward. Your friend will get their first year’s service plan for free – saving £120. To qualify, your friend must transfer or fund their account with at least £10,000 in combined cash/investments. However, your friend will not receive the usually monthly free trade.
Pros
- Invest in small and large-cap stocks
- £1 minimum deposit makes it easy to get started
- Fixed account fee that does not increase with your stock portfolio
- Joint account options
Cons
- Fixed fee expensive for very accounts below £1,000
- No Lifetime ISA account
- No Junior SIPP account
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Pricing
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Market Access
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Online Platform
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Customer Service
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Research & Analysis
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