as of 23/01/2019 at 2:17 pm
Interactive Investor is one of the few groups that has a fixed £ fee, rather than a %. An ISA is £90 per year, which also includes some transactions. This makes it much cheaper for larger portfolios, but expensive for smaller. If you have more than about £60,000 or you regularly buy and sell shares, the costs advantage will usually kick in.
They recently bought another stockbroker, TD Direct Investing, making them one of the largest groups in the market.
If you know what you're doing, have a larger portfolio and don't really give a toss about bells and whistles, it's worth a look. Having said that the new(ish) app they released is really nice.
There is a wide range of investments from which to choose. It's likely to suit more confident investors and those more interested in share dealing.
The second-largest platform for investors, administering £20bn of investments
|Minimum amounts:||£20 minimum monthly amount
£0 minimum initial amount
"I’m new to investing and in my late 30's. I'm actually stuck in a dilemma whether to invest using DIY platforms like Interactive Investor, A J Bell or Hargreaves Lansdown OR invest using robo advisors like Nutmeg, Moneyfarm or Pensionbee. I have compared the fees and they are not significantly different. Do robo advisers have a better return rate? I can dedicate some time to DIY investing but not a significant amount of time. Please advise. Thank you."
Victor , Kent
14/01/2019Read our reply