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Interactive Investor Share Dealing Account Review *

By:  Fiona Vanier | Updated: 25th November 2021.

In this Interactive Investor review, I'll explain how this share dealing account compares on the key factors that are most important to consider before opening an account. 

Great for: trading funds and trusts, and monthly share dealing

5 stars question mark

Interactive Investor Share Dealing Account Review *

interactive investor logo
Apply Now!

On Interactive Investor's Secure Website

* Affiliate partner

Interactive Investor’s share dealing platform is straightforward and uncomplicated, which means it could be a good choice for both the newbie and the more seasoned investor. The platform provides access to a wealth of investment choices, including UK and International shares, funds, investment trusts and ETFs (Exchange Traded Funds). Interactive Investor will even alert you to the latest IPOs (Initial Public Offerings) as they come to the market.

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Trading credit worth £7.99 every month with all three available plans
  • The platform is very user friendly and easy to use
  • The flat fee structure makes it easier to anticipate total fees for the year
  • Investors can choose between a selection of shares, funds, investment trusts and ETFs
  • The platform keeps investors informed about the latest IPOs
  • † Reflects the ‘Investor’ pricing plan. Fees for other plans differ. See our full review for more information.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Trading credit every month worth £7.99
  • A choice between three different price plans
  • Easy-to-use platform
  • Platform Fee:

    £9.99

  • Share Dealing Charge:

    £7.99

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Trading credit worth £7.99 every month with all three available plans
  • The platform is very user friendly and easy to use
  • The flat fee structure makes it easier to anticipate total fees for the year
  • Investors can choose between a selection of shares, funds, investment trusts and ETFs
  • The platform keeps investors informed about the latest IPOs
  • † Reflects the ‘Investor’ pricing plan. Fees for other plans differ. See our full review for more information.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

Our bottom line

Interactive Investor’s share dealing platform is straightforward and uncomplicated, which means it could be a good choice for both the newbie and the more seasoned investor. The platform provides access to a wealth of investment choices, including UK and International shares, funds, investment trusts and ETFs (Exchange Traded Funds). Interactive Investor will even alert you to the latest IPOs (Initial Public Offerings) as they come to the market.

One of the platform’s biggest attractions has to be its pricing structure, which ditches the percentage-based portfolio management fee model that most other brokers use in favour a monthly subscription plan. For long-term investors this could prove to be very cost effective, especially as the value of your portfolio (hopefully!) grows.

With Interactive Investor’s Share Dealing account, you can choose between three different monthly subscription plans starting at £9.99 per month. The plan you pick ultimately determines how much your trading fees will cost, so depending on the plan you’re on and what you’re buying or selling, you’ll typically pay between £3.99 to £7.99 for most standard types of trade.

But there’s an extra twist! All three of Interactive Investor’s subscription plans give you a free trading credit each month worth £7.99, which you have up to 90 days to use.

Top features of Interactive Investor’s share dealing account

If you’re new to investing, Interactive Investor’s Quick Start Funds feature, offers you a way to start investing using low-cost investment funds that have been pre-selected by their experts. It’s also worth checking out the ii Super 60 investments feature which provides an easy way to screen across a range of funds, investment trusts and ETFs that have been short-listed by Interactive Investor’s impartial Investment Selection Committee. Other useful features include price alerts, watch list creation and a news feed option.

Keep in mind these features are not a substitute to seeking out independent financial advice if you are ever unsure about the suitability of an investment for your own circumstances.

Interactive Investor commission prices

I believe that the Interactive Investor share dealing service offers good value for money and is difficult to beat in terms of both price and quality.

Investors can choose from three different monthly subscription plans:

  • Investor: the core plan for investors, costing £9.99 per month.
  • Funds fan: for investors wanting to build a portfolio of funds and investment trusts, costing £13.99 per month.
  • Super investor: the premium plan for active investors, costing £19.99 per month.

With all three plans, your subscription fee includes a monthly trading credit worth £7.99. This free trading credit is valid for 90 days so you don’t have to use it within the month. The number of trades you will be able to make with this credit will depend on your plan. This is because the more expensive subscription plans offer reduced trading fees:

Investor (the standard plan)

    • Fund and investment trust trades cost £7.99 each
    • UK shares, US shares and ETFs trades cost £7.99 each
    • Other international shares £19.99 per trade

Funds fan

    • Fund and investment trust trades cost £3.99 each
    • UK shares, US shares and ETFs trades cost £7.99 each
    • Other international shares £19.99 per trade

Super investor 

    • Fund and investment trust trades cost £3.99 each
    • UK shares and ETFs trades cost £3.99 each
    • US share trades cost £4.99 each
    • Other international shares £9.99 per trade.

Let’s take a look at how the plans compare:

If you are on the basic £9.99/month Investor plan and you make one trade per month costing £7.99, the monthly fee for running your account is effectively £2 (taking into account your £7.99 trading credit.)

If you are on the £13.99/month Funds fan plan and you make one UK share trade costing £7.99, then the monthly fee for running your account is effectively costing your £6. Alternatively, as a Funds fan plan subscriber you could choose to make two fund  trades every month at £3.99 each instead, which would be covered by your £7.99 trading credit.

As a £19.99/month Super investor plan subscriber, your trading credit would cover you making two UK share trades (at £3.99 each) which means running your account is effectively costing you £12 per month. Unsurprisingly, Super investors get the best deal on trading fees, since they can choose to trade UK shares, ETFs, funds and Investment trusts for just £3.99 and US shares for just £4.99.

As a holder of the basic Investor plan myself, I know that my total fees and charges for the year will be £119.88 as long as I only make one trade per month. Being able to easily work out where you stand in terms of fees and charges is not to be underestimated. This is especially important as your investments (hopefully!) grow in value.

It is worth taking the time to work out which plan is a good fit for your own circumstances, especially say if you only ever invest in funds or are regularly buying and selling US or international shares. A good feature of Interactive Investor’s platform is that you can easily change to a different subscription plan at any point if you think one of their alternatives is a better fit for you.

Fees you should know about

Interactive Investor’s regular investing plan is free to use, which for investors looking to set up a regular savings plan to drip-feed money into the stock market allows up to 25 investments per month to be made into a wide range of funds and popular shares, without incurring any additional trading fees.

If you are thinking about investing for the long-term and want to automatically reinvest any dividends that you might earn from your share holdings, then automatic dividend reinvestment may also be an important consideration. Interactive Investor charges £0.99 per dividend reinvestment transaction across all three of its plans.

Telephone trades cost £49, and your free trade credit allowance cannot be used in conjunction with this type of trade.

If you are trading UK shares, funds (unit trusts and OEICs), bonds, gilts and exchange traded products trades valued at over £100,000 in one transaction, a further £40 commission charge applies. Dealing the equivalent amount in US shares will incur an additional commission charge of 0.04% of the trade value. For other international shares, a 0.10% commission charge applies if the value of trade exceeds £25,000.

Buying shares, ETFs and funds with an Interactive Investor account

You have access to more than 40,000 investment options in the UK and internationally. This includes shares, funds, investment trusts and ETFs. The platform can handle transactions in 9 different currencies.

Interactive Investor’s platform

I really like Interactive Investor’s portfolio page because it helps you know exactly where you stand. It shows the total value of your portfolio, and if you have multiple accounts it also gives a breakdown of the account type and value. It also shows the total amount of free cash and the amount invested.

Further down are important account details. At a glance you can see your current trading credit balance and the date when your credits expire. You can also see your service plan and when your next payment is due.

Your list of investments shows details of changes in value and percentage of the total. You can view more information including the performance of your shares over a selected time period.

Interactive Investor research offerings

As you can imagine, with this platform there is a wide range of research offerings. Through the news hub, I have access to share tips and ideas, insider videos and podcasts.

There is also a Knowledge centre with an all important jargon buster section and some great beginner guides if you are new to investing.

Service and support

Call centre opening hours are 7:45am – 5:30pm Monday to Friday GMT and 5:30pm – 9pm Monday to Friday GMT for international trading calls only.

You can call 0345 607 6001 from the UK and +44 113 346 2309 from overseas.

While I have not had to contact the service provider directly, I do get useful email notifications regarding corporate actions and dividend payments.

Is an Interactive Investor share dealing account right for you?

The Interactive Investor share dealing service has a lot to offer and has widespread appeal. I would say that if you want a service that has a straightforward, subscription based pricing structure with a user-friendly platform, then this one is definitely worth considering.

To see how Interactive Investor compares to other share dealing accounts, check out our list of top-rated share dealing accounts in the UK.


The Motley Fool receives compensation from some advertisers who provide products and services that may be covered by our editorial team. It’s one way we make money. But know that our editorial integrity and transparency matters most and our ratings aren’t influenced by compensation. Also, while we aim to feature some of the best products available, we do not review every product on the market. Learn more here. Any opinions or statements in this article belong to the author, and may be shared by The Motley Fool, however they were not provided or endorsed by our affiliate partners, unless expressly indicated.

Great for: trading funds and trusts, and monthly share dealing

5 stars question mark

Interactive Investor Share Dealing Account Review *

interactive investor logo
Apply Now!

On Interactive Investor's Secure Website

* Affiliate partner

Interactive Investor’s share dealing platform is straightforward and uncomplicated, which means it could be a good choice for both the newbie and the more seasoned investor. The platform provides access to a wealth of investment choices, including UK and International shares, funds, investment trusts and ETFs (Exchange Traded Funds). Interactive Investor will even alert you to the latest IPOs (Initial Public Offerings) as they come to the market.

Risk Warning

Investments involve various risks, and you may get back less than you put in.

More details [+]

The value of your investments can go down as well as up and you may not get back all the money you put in. All investments carry a varying degree of risk and it’s important you understand the nature of these risks. The Motley Fool believes in building wealth through long-term investing and so we do not promote or encourage high-risk activities including day trading, CFDs, spread betting, cryptocurrencies, and forex.

WHAT YOU NEED TO KNOW

  • Trading credit worth £7.99 every month with all three available plans
  • The platform is very user friendly and easy to use
  • The flat fee structure makes it easier to anticipate total fees for the year
  • Investors can choose between a selection of shares, funds, investment trusts and ETFs
  • The platform keeps investors informed about the latest IPOs
  • † Reflects the ‘Investor’ pricing plan. Fees for other plans differ. See our full review for more information.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.

what we like

  • Trading credit every month worth £7.99
  • A choice between three different price plans
  • Easy-to-use platform
  • Platform Fee:

    £9.99

  • Share Dealing Charge:

    £7.99

Risk Warning

Investments involve various risks, and you may get back less than you put in.

- More details

WHAT YOU NEED TO KNOW

  • Trading credit worth £7.99 every month with all three available plans
  • The platform is very user friendly and easy to use
  • The flat fee structure makes it easier to anticipate total fees for the year
  • Investors can choose between a selection of shares, funds, investment trusts and ETFs
  • The platform keeps investors informed about the latest IPOs
  • † Reflects the ‘Investor’ pricing plan. Fees for other plans differ. See our full review for more information.

* This is an offer from one of our affiliate partners. Click here to learn about how and why we work with partners.