You can buy OEIC’s on Interactive Investor and as opposed to united trusts which you trade like a companies shares, new shares are created or deleted in an open-ending investment trust when investors buy or sell them.
Interactive Investor OEIC Investing Review
Name: Interactive Investor OEIC Investing
Description: Interactive Investor charge a low, flat fee of £9.99 per month for investing in open-ended investment companies. This covers OEIC investing for Stocks and Shares ISA, Junior ISA and Trading Account (you can also add a SIPP for an extra £10 per month).
Capital at risk.
Summary
*Open-ended investment company dealing commissions are a free trade every month, then 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.
Pros
- Fixed account fee of £9.99*
- £1 minimum deposit
Cons
- Fixed fee not great for very small accounts
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Pricing
(4.5)
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Market Access
(4)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4.1- Expert opinion: Interactive Investor reviewed & rated
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.