Home The Best UK Stock Brokers in 2024 Interactive Investor Review – Fees, Charges and Share Dealing
Michael Graw
Fact Checked
Fact Checked
Everything you read on our site is provided by expert writers who have many years of experience in the financial markets and have written for other top financial publications. Every piece of information here is fact-checked.
Please note that we are not authorised to provide any investment advice. The information on this page should be construed for information purposes only. We may earn commissions from the products mentioned on this site.

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. 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.

On top of that, Interactive Investor gives account holders share and fund research from Morningstar, which in itself is quite valuable. While the technical analysis and charting tools could be vastly improved upon, this broker has some of the best fundamental research around.

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. Let’s find out whether Interactive Investore is the right share dealing platform for you.

What is Interactive Investor?

Interactive Investor is a UK share broker launched in 1995. The broker was launched with the do-it-yourself, active retail investor in mind and aims to give clients the tools they need to trade successfully. Interactive Investor has more than 300,000 clients in total and manages more than £36 billion in assets.   Interactive Investor homepageNotably, Interactive Investor’s popularity has also led it to become something of a hub for active traders. The platform’s forum is one of the most lively places on the Internet for interacting with other traders and sparking discussions about market trends or individual shares. Since the service is based in the UK, the platform also has a greater focus on UK shares and UK investors than some international brokers.

Interactive Investor has won a number of awards in recent years for its unique approach to trading. 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. The service has clearly gained traction and is now being recognized as one of the top stockbrokers in the UK.

What Does Interactive Investor Share Dealing Offer?

Interactive Investor offers trading on global markets. Investors get access to trade most shares on the London Stock Exchange, including Tesco and Royal Mail. 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. In addition, Interactive Investor offers trading on shares in 16 other countries:

  • Canada
  • Australia
  • Hong Kong
  • Singapore
  • Ireland
  • Germany
  • France
  • Spain
  • Belgium
  • Italy
  • The Netherlands
  • Sweden
  • Switzerland

In total, you can trade more than 40,000 international shares through Interactive Investors, including many of the best shares to buy.

Interactive Investor also offers trading on a wide variety of UK funds and UK and US ETFs. The broker has a selection of more than 1,000 ETFs and more than 600 investment trusts. That said, Interactive Investor doesn’t sponsor any of its own funds like some large investment banks with retail accounts do.

Interactive Investor Fees & Commissions

Pricing at Interactive Investor is unique compared to almost every other major UK broker. The platform operates on a monthly subscription model and there are three different plans available: Investor, Funds Fan, and Super Investor.

The Investor plan costs £9.99 per month. You are charged £7.99 for UK and US share trades, ETF trades, and fund trades. International share trades cost £19.99 each.Interactive Investor subscription plans

The Funds Fan plan costs £13.99 per month and drops the commission on UK fund and ETF trades to £3.99. All other commissions, including for UK shares, remain the same as for the Investor plan.

The Super Investor plan costs £19.99 per month. With this plan, UK share, fund, and ETF trades cost £3.99 while US share trades cost £4.99 each. International share trades cost £9.99 each.

Each plan comes with a £7.99 per month account credit, which is enough to place one to two trades for free. If you turn on dividend reinvestment for your account, Interactive Investor also charges £0.99 per reinvestment transaction.

This pricing structure is designed to benefit active traders who place multiple trades per month. The account fees aren’t all that high relative to trade commissions, and the commissions are significantly discounted compared to what many other well-known UK brokers charge. This is particularly true for the Super Investor plan, which offers a steep discount on individual share trades. So, the more trades you place with Interactive Investors, the more money you’ll save relative to trading with another broker that charges higher commissions.

However, if you’re interested in a share dealer for long-term investing, Interactive Investor can be pricey. The monthly account fee is assessed regardless of whether you place any trades. At the very least, you should need to make at least one trade per month to take advantage of your £7.99 account credit to make this broker worthwhile.

Interactive Investor also charges for a variety of other account actions, although the chances that you will activate these charges are low. Most importantly, there are no charges for deposits or withdrawals, and there is no inactivity fee if you go several months without placing a trade.

Account Types

An important aspect to Interactive Investor is that this broker lets you establish a standard investing account, an ISA (individual savings account), a Junior ISA, or a SIPP (self-invested personal pension) plan. Standard investing accounts, ISAs, and Junior ISAs don’t carry any extra charges and you can open any combination of these for a single monthly plan fee.

SIPP plans are free to open with Interactive Investor, but they come with an extra £10 per month management fee on top of your monthly plan fee. At the time of writing, Interactive Investor was waiving the SIPP fee on new accounts for nine months.

Interactive Investor Platform and Trading Tools

Interactive Investor’s trading interface is hosted online rather than in a standalone platform. 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. In addition, the interface is generally quick and responsive, and the buy and sell tools are as accessible for quick trades as in many standalone platforms.

Regular Investing

One of the best tools that Interactive Investor offers is regular investing. With this feature, investors can designate up to 25 shares, funds, or ETFs that they already own to invest in at regular intervals. Interactive Investor will debit money from your bank account on the 12th of each month and invest it on the third Wednesday of each month according to your account instructions.Regular investing with Interactive Investor

The best thing about regular investing is that the trades placed through this mechanism are completely free. So, it’s possible for long-term investors to build positions in funds or shares over time. This is particularly useful for ISA and SIPP accounts, since saving requires that you regularly transfer funds for investment in any case.

Trader Forum

Interactive Investor has over 300,000 account holders, and many of them are quite active on the platform’s forum. This makes the Interactive Investor forum one of the best places you can go for discussing specific shares or funds, asking other traders for advice, or gauging market sentiment.

Importantly, the trader forum is only open to account holders. Since there’s a monthly account fee, this forum lacks the spam that plagues many other trading forums.

Trader Education

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. 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 broker also doesn’t allow you to set up a demo trading account. However, you can turn watchlists into tracked portfolios to see how they perform over time. Interactive Investor also has four model portfolios available, which first-time investors can look at to get an idea of how to set up their own custom portfolios.

Order and Risk Management

One downside to Interactive Investor, particularly for more experienced traders, is that the platform doesn’t have many of the complex order tools that other brokers offer. When it comes to buying and selling shares or funds, you only get three order types – market, limit, or stop loss. There are no options to set up ‘one cancels the other’ or other complex order flows.

Otherwise, the order interface is easy to navigate. 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.

Research and Analysis at Interactive Investor

All of the research and analysis available to traders on Interactive Investor comes from Morningstar.

If you’re looking for in-depth technical analysis with customizable charting, look elsewhere. Interactive Investor’s charts – which are really Morningstar’s charts – are extremely basic and are only capable of overlaying a selection of seven basic technical studies. There are no drawing tools and you won’t be able to examine prices using a popular candlestick charting view. For technical analysis, it’s well worth looking for another platform.Royal Mail price chart on Interactive Investor

When it comes to fundamental analysis, however, Interactive Investor shines. The broker provides extremely detailed tables of financial data, including full income statements for all individual companies you can trade through the platform. You can also analyze dividends over time, look at the top shareholders for any company, and get information about recent insider trading activity. Long-term fundamental traders will find all of the information they need to make decisions available through Interactive Investor.

It’s worth highlighting that this is a very different balance than most brokers strike. Often, brokerage platforms are heavy on charting and technical analysis, but light on fundamental research. Interactive Investor goes in the opposite direction, which is another way in which this broker stands out from the pack.

The other important research tool that Interactive Investor offers is a news feed. Stories are written largely by Interactive Investor’s own team of analysts, so you get something of a different take on the market with this platform. 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.News hub at Interactive Investor

Interactive Investor Mobile Trading App

Interactive Investor’s mobile trading app is good for placing trades, but not for much else. The look and feel mirrors the web interface, but the charting capabilities are even more limited and it’s hard to display tables of fundamental data in a way that’s actionable. 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.

Worse, the mobile app doesn’t enable you to set price alerts for shares or funds, and alerts that you set up on your desktop can’t be pushed to your smartphone. 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.

Payments at Interactive Investor

You can deposit money to Interactive Investor using a bank transfer, debit card, or credit card. The platform doesn’t currently support payment through an e-wallet. In addition, it’s important to note that withdrawals can only be made by direct deposit to a bank account – you cannot credit a debit or credit card with your funds.

Interactive Investor currently supports nine base currencies: GBP, USD, EUR, CAD, HKD, SGD, AUD, SEK, and CHF. However, keep an eye out for conversion and other fees if you are using a currency other than pounds.

Interactive Investor Contact and Customer Support

Interactive Investor offers customer support by phone, live chat, and email during weekdays only, from 7:45 am to 5:30 pm GMT. 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.

Interactive Investor contact number (UK): 0345 607 6001

Is Interactive Investor Safe?

Interactive Investor has over 300,000 users and manages £36 billion in investment assets. That alone doesn’t make it safe, but the company’s long list of awards and the fact that it’s been around for nearly 25 years are promising.

Since the broker is based in the UK, all investment accounts are backed by the UK’s Financial Services Compensation Scheme. That means that any money you deposit with Interactive Investor is protected up to £85,000 in the event that the company goes bankrupt in the future.

Interactive Investor Pros & Cons


  • UK, US, and 16 international markets
  • Subscription-based plans with discount commissions
  • Low-cost SIPP plans available
  • Supports nine base currencies
  • Fundamental research from Morningstar
  • Free regular investing


  • Monthly subscription can be pricey
  • Very limited mobile app
  • Limited educational resources
  • Basic charting tools

Interactive Investor Review – The Verdict

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. The three plan options let you tailor your subscription to the assets you trade most frequently. Plus, having the ability to open a low-cost ISA or SIPP plan is extremely helpful if you want to save for retirement.

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. It offers trading on a very wide range of shares, funds, and ETFs and gives you high-quality research from Morningstar. On the whole, Interactive Investor does a nice job with putting the tools investors need in front of them and leaving the rest up to you.


Can you buy and sell bonds through Interactive Investor?

Interactive Investor only offers trading on shares, funds, and ETFs. While some funds may include bonds, you cannot buy and sell bonds directly through this broker.

Does Interactive Investor have any managed portfolios?

Interactive Investor has four managed portfolios, but they are only available as examples. You cannot invest directly in these portfolios and have your holdings managed for you.

Is there a cost to open a SIPP plan?

Yes, Interactive Investor charges £10 per month to manage a SIPP plan. This is in addition to the monthly fee for your account.

Can Interactive Investor automatically reinvest dividends?

Yes, you can set Interactive Investor to automatically reinvest dividends from shares or funds. However, note that there is a £0.99 fee for each reinvestment transaction no matter what account plan you have signed up for.

Does Interactive Investor require a minimum deposit?

No, Interactive Investor does not require a minimum deposit. But, you will need to link a bank account or debit or credit card to pay your monthly account fee.

Michael Graw

Michael Graw

Michael Graw is a freelance journalist based in Bellingham, Washington. He covers finance, trading, and technology. His work has been published on numerous high-profile websites that cover the intersection of markets, global news, and emerging tech. In addition to covering financial markets, Michael’s work focuses on science, the environment, and global change. 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. Michael’s science journalism has been featured in high-profile online publications such as Salon and Pacific Standardas well as numerous print magazines over the course of his six-year career as a writer. He has also won accolades as a photographer and videographer for his work covering communities on both coasts of the US. Other publications Michael has written for include TechRadar, Tom’s Guide, StockApps, and LearnBonds.