Interactive Investor Stocks and Shares ISA Review

Our bottom line

Interactive Investor is a market-leading investing platform, and their Stocks and Shares ISA is top-notch. With unparalleled investment options, this seems great for beginners and more experienced investors. The free trade makes it good value for people investing on a monthly basis, and there are additional plans to suit more active investors.

Your Stocks and Shares ISA will also include access to a Junior ISA and a General Trading Account. The fees are clear and easy to understand, and there are two plans available:

  • Investor plan
  • Super investor

Top feature of Interactive Investors Stocks and Shares ISA

Interactive Investor does a great job catering to all types of investors. You can pick out your own investments from a wide selection of shares, funds, ETFs, and investment trusts. Or if you want simplicity with your Stocks and Shares ISA, they offer some great ready-made portfolios and recommendations.

If you’re someone who likes to make monthly investments, the monthly free trade makes it great value. Additional trades are charged at a fair price, and they have different plans that could suit you if you invest more frequently.

A Junior ISA and a General Trading Account are bundled into every plan at no added cost, which can help you make the most of all your allowances each tax year.

Interactive Investors platform

Recently revamped to be more accessible for newer investors, the platform is simple and straightforward to use. You can access your portfolio on the website, tablet, or mobile phone.

It takes less than ten minutes to set up your Stocks and Shares ISA, and all the information provided by Interactive Investor is clear and easy to understand. You’ll have no problem navigating around their website and app. Adding money to your account can be done easily online or through your mobile app.

Visually, it’s a great platform. There’s no need to decipher any complicated information. Your portfolio and investments are presented as clear as day. You also have the ability to do deep dives into your portfolio to make sure you always have a clear picture of where your money is going.

If youre ever unsure about the suitability of an investment for your own circumstances, please seek independent financial advice as with investing your capital is at risk.

Interactive Investors research offerings

There are some great ready-made investment portfolios that can be used to suit investors looking for some guidance. Alternatively, if you know what you’re doing but want to dig into deeper research, there’s plenty of materials available to help you. Interactive Investor has a frequently updated news hub, along with their own videos and podcasts if you’re more of a videophile or audiophile. There is also a well-stocked knowledge centre for learning, and a dedicated area to discuss investments with other investors.

Do be mindful that any investment information and expert opinion provided on Interactive Investors website is not personal advice and is designed for investors who are happy making their own investment decisions. If youre unsure about the suitability of an investment for your circumstances, youll want to seek out your own independent financial advice.

Customer service and support

Interactive Investor offer an extensive FAQ section packed with information. You can get in touch with them using a secure message service through your account or you can give them a call from 07:45 to 17:30 Monday – Friday. There’s also some extended call centre hours for assistance with international trades.

They have a 4.5 star rating on Trustpilot, with a lot of customers particularly happy with the telephone support they received.

Is an Interactive Investor Stocks and Shares ISA right for you?

Being able to combine a massive selection of options along with investment tools and pre-made portfolios is definitely a bonus. It makes this Stocks and Shares ISA really useful if you need support with your selections and worthy of experienced investors who know what they’re doing.

There’s no lump sum required to open an account, and monthly payments start from just £25. Also, no transfer or exit fees make the Interactive Investor Stocks and Shares ISA a flexible option for investors looking to make the most of their current tax allowances.

The free monthly trade seems great if you plan to invest on a regular month-by-month basis. If you want to be more active than investing just once a month, the commissions are fair and the ability to upgrade to a better plan gives you more flexibility and value.

Alternatives to consider

If you’re looking for a stocks and shares ISA that provides a huge range of investment choices with solid research materials and tools, you should also take a look at:

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