Intro – Interactive Investor | UK Online Stockbroker Ranking
AdvisoryHQ recently published its list and review of the top stock brokers in the UK, a list that included Interactive Investor.
Below we have highlighted some of the many reasons Interactive Investor was selected as one of the best stock brokers in the UK.
Click here for a detailed review of AdvisoryHQ’s various selection methodology: Ranking Methodologies.
Interactive Investor Review
Interactive Investor traces its history back to 1995, when it was founded as a communication platform for investors. Since that time, it has grown into one of the leading discount brokers in the UK, serving over 300,000 investors.
This is one of the best brokers in the UK to use if you are looking for a flat-fee investment platform. It offers multiple accounts for ₤9.99 per month and all plans give investors at least one free trade every month.
Top Stock Brokers in the UK
Interactive Investor functions as an execution-only broker, but it does have a range of financial services available. As one of the top online UK stockbrokers, it promises value, a wide range of options, and award-winning investment intelligence.
Key Factors Leading Us to Rank Interactive Investor as One of The Top Stock Brokers Firms For 2020-2021
Interactive Investor Share and Fund Account Review: Simple Pricing
Interactive Investor is considered to be one of the top discount brokers in the UK by many investors due to its straight-forward pricing. When costs are low, investors can keep more money in their accounts.
Not only are fees low when trading with Interactive Investor, but it’s also one of the leading online UK stockbrokers because it has a simple, easy-to-understand pricing structure.
Investors can get started for an investment account fee of ₤9.99 per month, and a SIPP can be added for another ₤10. Regular investing is free, and this top UK broker gives you a ₤7.99 free credit each month to use on any trade.
There is also no cost to join or transfer accounts, making Interactive Investor one of the top stock brokers in the UK for those looking for a low-cost way to trade online in the UK. There are also no exit fees.
See Also: Everything You Need to Know About Discount Trading
Interactive Investor Share and Fund Account Review: Security
An important reason Interactive Investor has grown to become one of the top online UK stockbrokers is because of its focus on security. This top UK share broker has a history of more than two decades of working with investors through an online platform.
Not only is the firm regulated by the Financial Conduct Authority, but all customer investments are electronically held. Investors benefit from the Financial Services Compensation Scheme (FSCS) protection.
Cash and holdings are protected up to the limits outlined by the FSCS, and if there is cash in a customer’s account, it’s separated from the finances of the company. Interactive Investor doesn’t have access to those funds.
Also, all customer log-in and data information are encrypted throughout for the utmost in protection. The firm also has robust policies and procedures to ensure records are accurately maintained.
Don’t Miss: What are Discount Brokers? These are brokers that provide online investing
Interactive Investor Share and Fund Account Review: Trustpilot
Interactive Investor isn’t only viewed as one of the top online stock brokers in the UK by financial media outlets. Customers also often rate it as one of the best stock brokers in the UK, as is evidenced by the firm’s Trustpilot reviews from actual clients.
Interactive Investor has an “Excellent Rating” of 4.6 out of 5 stars on the review site. A vast majority (71%) of those using the platform for online trading in the UK that provided a review, gave the firm 5 stars.
Trustpilot Score for this Best Online Stock Broker UK
Some of the things that customers praise about Interactive Investor include customer service (for multiple representatives), the competitive costs, and the wide range of markets and funds available. Customers also call it reliable and excellent for small investors who are looking for a trading platform that’s easy and efficient.
Related: Details on How To Start Investing In Stocks Online
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Rating Summary
For those investors looking for the best and lowest cost top stock brokers in the UK, Interactive Investor is an excellent option. Besides the wide variety of investments it offers, users overwhelmingly give high praise to the firm’s helpful staff.
This UK broker’s pricing structure couldn’t be easier for new investors to understand. They’ll also get one free trade each month, which is a nice bonus for working with this best online UK stock broker.
With an affordable online trading option for multiple UK investors and a focus on making things as easy as possible, Interactive Investor is awarded a 5-star rating as one of the best UK brokers to consider for 2020-2021.
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Image sources:
- https://www.ii.co.uk/live-pricing
- https://www.trustpilot.com/review/ii.co.uk
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