According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- Mobile application
- Proprietary browser platform
- 1:1
- There are several tariff plans with different size of monthly subscription fee
Our Evaluation of Interactive Investor
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Interactive Investor is a moderate-risk broker with the TU Overall Score of 5.47 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Interactive Investor clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Interactive Investor is equally targeted at the beginners and professional investors, which is why you don’t necessarily have to have stock trading experience in order to work with the broker.
Brief Look at Interactive Investor
Interactive Investor (II Investor) is a private brokerage limited liability company founded in 1995. The controlling share package in Interactive Investor is owned by the top British investment company JC Flowers & Co. The broker is 100% financed by its own capital with no outside debt. The broker is controlled by the Financial Conduct Authority (FCA) and Financial Services Compensation Scheme (FSCS). Interactive Investor is headquartered in Manchester, UK. In 2021, the broker received the Best Low Cost Stock Broker award at the ADVFN International Financial Awards.
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- No minimum deposit requirement on all investment accounts.
- An opportunity to reduce trading commissions as much as possible.
- Wide range of assets to invest in.
- Secure mobile app with facial recognition feature.
- Investment account with tax preferences up to 100%.
- Fixed commissions on trading stocks, ETFs and bonds.
- Withdrawal via the mobile app.
- No stationary trading platform.
- The broker does not provide access to trading cryptocurrencies, derivative financial instruments and fractional stocks.
- The official website does not have an online chat.
TU Expert Advice
Author, Financial Expert at Traders Union
Interactive Investor offers a broad range of trading instruments, including stocks, bonds, mutual funds, and ETFs, accessible via a proprietary web platform and mobile application. The company distinguishes itself by no minimum deposit requirement, appealing fee plans that lower trading fees, and tax-advantaged options for retirement portfolios. The provision of free Level 2 market quotations and ready-made investment solutions further enhances its attractiveness for both novice and professional traders.
However, there are notable drawbacks, including the absence of a stationary trading platform and restrictions on trading cryptocurrencies and fractional shares. Additionally, the website lacks live chat for client support. Overall, Interactive Investor appears more suitable for traders seeking traditional investment opportunities and those less concerned with accessing a diverse range of digital assets or real-time client service.
Interactive Investor Summary
| 💻 Trading platform: | Proprietary web-platform, mobile application for iOS and Android |
|---|---|
| 📊 Accounts: | Demo, Trading, SIPP, ISSA |
| 💰 Account currency: | GBP, USD |
| 💵 Deposit / Withdrawal: | Wire transfer, transfer to card via the mobile application |
| 🚀 Minimum deposit: | 1 British pounds |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 10$ |
| 💱 EUR/USD spread: | $3.99 – 7.99 |
| 🔧 Instruments: | Stocks, bonds, mutual investment funds, ETFs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No data |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | No |
| ⭐ Trading features: | There are several tariff plans with different size of monthly subscription fee |
| 🎁 Contests and bonuses: | Yes |
Interactive Investor offers its clients an opportunity to invest without the brokerage commission in the majority of assets of the American and European stock markets. The margin depends on the type of trade and equals 25-35% of the deposit. The minimum deposit on all accounts is GBP 0. For the trading transactions of the clients, who are not UK residents, a GBP 3.99 commission is charged.
Interactive Investor Key Parameters Evaluation
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Trading Account Opening
In order to become a client of Interactive Investor, you need to:
Visit the broker’s official website and click on Sign Up on its home page in order to register.
Select account type:
Fill out the form for opening a trading account, providing personal data, tax information, occupation and job and then pass verification:
In the Personal Account, an investor can:
Personal Account tabs:
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Portfolio;
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Trading;
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Watchlist;
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News;
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Account.
Regulation and safety
Interactive Investor Services Limited is regulated by the Financial Conduct Authority (FCA) and Financial Services Compensation Scheme (FSCS), and Fi service, where the data from third-party auditors are submitted based on the results of the annual audit.
Interactive Investor is one of the largest British companies in the global securities market, and the deposit of each client is insured, with the compensation limit currently at GBP 85,000. The broker holds client funds on the accounts of third-party banks and uses them solely for trading at the investor’s instrument, which is a guarantee of their safety.
Advantages
- Insurance policy
- It is possible to file a complaint with the broker’s regulator
- Deposits are kept on segregated accounts
- The company has a 100% own capital without borrowed funds
- Controlling share package is controlled by J.C. Flowers & Co
Disadvantages
- The regulator has restrictions on withdrawals via electronic payment systems
- Compensation amount is limited to GBP 85,000
- Complicated registration and account opening procedure
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| SIPP | From 3.99$ | Applicable to non-residents of the UK |
| ISSA | From 3.99$ | Applicable to non-residents of the UK |
| Trading | From 3.99$ | Applicable to non-residents of the UK |
Also the recipient/intermediary banks processing payments may charge additional commission.
TU analysts compiled a comparative table of trading commissions of Interactive Investor and other top brokers in the stock market. The commissions are specified for trading stock volumes that do not exceed GBP 25,000.
| Broker | Average commission | Level |
|---|---|---|
|
$3.99 | |
|
$4 |
Account types
Interactive Investor offers three account types for its clients, one of which is a pension account. They differ in commission sizes and taxation conditions.
Account types:
To discover the Web-platform and peculiarities of trading on Interactive Investor, the broker offers to open a demo account.
Interactive Investor specialists provide capital management services and ready-made investment solutions, which is why the broker is suitable not only for professional traders, but also for the beginners in the stock market.
Deposit and withdrawal
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There are two available methods of withdrawal: wire transfer and withdrawal to a card via the mobile app. The transfer is performed on the following working day, if the application was submitted prior to 2:00 pm European time. If the withdrawal application is submitted after 2:00 pm, the withdrawal takes up to two working days.
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In order to withdraw funds to a bank account outside the UK, a client must provide a bank statement. If the investor has several trading accounts with different currencies, there must be a separate bank account for each of them.
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For withdrawal via the mobile app, a customer needs to request the verification code and confirm it via SMS. Withdrawal is available only if there are no open orders.
Investment Options
Interactive Investor offers its clients a wide choice of options for investment, including shares, managed investment funds and ETFs.
Investment portfolio modeling is a popular project of Interactive Investor
To make the job of investors easier, the broker offers five ready-made investment portfolios managed by Interactive Investor with support of Money Observer to choose from:
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Low-cost tracker funds, who replicate an index.
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Automatic rebalancing of the portfolio is performed every quarter.
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Monthly report on all performed transactions is available.
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Each portfolio features 10% of bonds, which reduces investment risks.
Investors who are not willing to entrust their capital to Interactive Investor specialists, can copy an investment portfolio and manage it independently, without the broker’s involvement.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Interactive Investor’s affiliate program
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Refer a Friend partnership program. A participant of the program earns passive income for each new client, who opens and funds an account using the referral link provided by the partner. There is a multi-tier structure of the bonus reward, the amount of which depends on the number of clients who opened an account using the referral link.
In order to become a partner of Interactive Investor, you need to send an application to the broker with contacts and addresses of the website, where the links are to be placed in the future.
Customer support
Interactive Investor customer support is available during working hours, except for the weekends and holidays.
Advantages
- There is New Customer Hub section
- Ready-made forms for filling out the applications are available on the website
- Secure messaging service
- Phone calls are free of charge
- Support languages – English and Italian
Disadvantages
- No online chat
- No 24h support
There are several methods of contacting customer support:
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Phone call;
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Feedback form;
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Email;
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Writing a ticket in the user’s Personal Account.
It is possible to contact customer support by email and phone without registration on www.ii.co.uk.
Contacts
| Foundation date | 1995 |
|---|---|
| Registration address | Exchange Court, Duncombe St, Leeds LS1 4AX, United Kingdom |
| Official site | https://www.ii.co.uk/ |
| Contacts |
Education
The broker does not provide courses on stock market trading basics, but it does feature a Help and Learning section on its website with descriptions of trading strategies and methods of work with different financial instruments.
In order to learn trading without the risk of losing your own money, you test your strategy on a demo account.
Detailed Review of Interactive Investor
Interactive Investor provides capital management services, offers an opportunity to invest in shares, bonds, mutual and stock funds via trading accounts and also ISA and SIPP. The broker provides its investors with in-depth Level II quotations and a monthly credit of GBP 7,99 for a term of up to 90 days for free trading, which allows for starting to trade without the deposit. For inexperienced traders, Interactive Investor offers ready-made investment portfolios with provision of monthly reports on performed transactions, which are managed by the broker.
Interactive Investor achievements in figures:
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The company’s net assets exceed 100 million British pounds.
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The broker manages a capital of 45 billion British pounds.
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Over 350,000 people are the company’s clients.
Interactive Investor is a broker that provides equal opportunities for professionals and for novice traders.
Interactive Investor offers over 40,000 British and foreign stocks, bonds, mutual funds and ETF for trading. The broker’s clients have access to free Level 2 quotations, using the data of which, together with technical and fundamental analyses, improve the chances of earning a profit in intraday trading. In addition, setting limits and stop orders for a term of up to 90 days is allowed with an option of their cancellation prior to expiry.
The broker does not have a stationary trading platform, but the Web-platform is available for all devices connected to the Internet, supports all operating systems and opens in any browser. In the mobile application, available for iOS and Android, users can not only trade, but also withdraw money from their investment accounts.
Useful services offered by Interactive Investor:
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Subscription to free newsletters, composed by the company experts.
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Quarterly investment forecast of key assets effectiveness and discussion of the near future prospects.
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Super 60 — an updatable rating of British and foreign stocks by categories and return rate.
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A section with forms for filling out the applications on account management and money withdrawal.
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Pension calculator and slippage calculator for adjustment of financial risks.
Advantages:
Access to trading over 40,000 financial instruments.
Compensations for the paid taxes on an income up to GBP 40,000 on retirement accounts.
Free opening and servicing of the trading account with an option of forming tariff plans for increasing the number of trades and adjustment of commissions.
The company offers ready-made investment portfolios, which include bonds without the financial risk.
There is an option of opening an account in the child's name with subsequent transfer of the accumulated capital to the child once he/she comes of full age.
Setting limits and stop orders, Stop Loss and Trailing Stop is available for all account types.
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