The average investment platform is different from the interactive investor. Depending on your invested amount, you are to pay a fixed monthly cost instead of a fee.
That implies that the price decreases as your investment increases. Quite nice if you’re rich!
An Overview of interactive investor
Despite the share trading cost charged by interactive investor, investors are entitled to one free transaction per month under the Investor Plan and two free trades per month under the Super Investor Plan. One can also keep up to nine foreign currencies in their account to lower foreign exchange expenses.
Over 40,000 different assets are available to investors, including shares, funds, investment trusts, and exchange-traded funds. However, trading in fractional shares, cryptocurrencies, or foreign cash is prohibited.
What Packages are There?
The 3 primary plan types provided by interactive investor are:
-
Investor essentials
It features an ISA and trading account for investments up to £30,000. US and UK trades cost £5.99.
-
Investor
It covers Younger ISAs as well. Trading in the UK and the US costs £5.99, but investors get one free monthly transaction.
-
Super Investor
It include everything in the Investor plan. However, Investors pay a lesser charge (£3.99) and get two free monthly trades for UK and US transactions.lhvgn
Investors may join the Pension Builder plan for £12.99 monthly to build a SIPP. Alternatively, for an extra £10 per month, subscribers to the Investor and Super Investor plans can add a SIPP.
Additionally, interactive investor provides a “friends and family” program that allows users to spend an extra £5 per month to enable up to five other users with a free Investor Essentials plan membership. The Super Investor plan offers this choice at no cost.
What Options are there for Investments?
interactive investor provides 40,000 investment options, including the following:
- North American, European, and Asian shares
- Funds over 3,000
- More than 1,000 ETFs
- 600 or more investment trusts
What Does interactive investor Cost?
You must pay an account fee to interactive investor, which varies significantly based on the type of account you choose. One also needs to pay a trade charge. But you are given a free trade once a month.
So how much are interactive investor fees? If you have a sizable investment portfolio, it will be affordable. It’s rather pricey if you have little money in investments yet.
How does that work? interactive investor does not charge a percentage of your assets but a monthly flat cost. This implies that the real price as a proportion of your assets will be lower the more money you have invested.
How interactive investor Operates?
It is your standard investment broker. It is standard because it operates similarly to other brokers in that you choose the investments you wish to purchase or sell, and they handle the rest. A few bells and whistles set this broker apart from others.
If you have previously purchased investments, you should know about interactive investor login. You are highly familiar with how everything operates. The way interactive investor assesses fees sets them apart from other brokers the most. While interactive investor has a fixed cost, most brokers will charge you a percentage of your money.
interactive investor: Is it Secure?
Yes. Incredibly secure. It has been around since 1995 and is owned by Abrdn, a sizable international investment firm.
It is approved and trusted to manage your money since the FCA authorizes and regulates it in the UK.
The well-known reviews website, Trustpilot, gives an outstanding interactive investor review. A whopping 4.7 out of 5 stars, and that rating comes from more than 20,000 people. Most evaluations highlight fantastic customer service and swift problem solving.
Final Thoughts
The interactive investor is fantastic. The best. The costs are minimal and affordable if you have a large amount invested. You are less likely to find a cheaper option. There are better possibilities if you are just beginning off investing with a smaller portfolio, which you can find on our investing page.
