Interactive Investor (ii)

Fees:

  • Monthly Fee: £5.99 per month for a SIPP, which is a low-cost way to manage your pension.
  • Trading Costs: The platform has a flat fee for trades, which can be more cost-effective than percentage-based fees for larger portfolios.
  • Free Trades Offer: £50 worth of free trades available for new customers who open an ISA or Trading Account by October 31, 2024.
  • Cashback Offers: Between £100 and £2,000 cashback on SIPPs, depending on the deposit size.

Offer:

  • Up to £2,000 cashback on SIPPs for qualifying deposits.

Trading Platforms:

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Features
  • Flat-Fee Investment Platform: Interactive Investor (ii) is known for offering a flat-fee pricing structure, which is ideal for larger portfolios and regular investors.
  • Account Types: The platform offers a variety of account options, including:
    • Stocks and Shares ISA: A tax-efficient way to invest up to £20,000 each year.
    • Self-Invested Personal Pension (SIPP): Allows users to manage their retirement savings with control and flexibility.
    • Trading Account: Provides access to a wide range of global markets and investment products.
    • Junior ISA: A tax-efficient account for parents looking to invest for their children’s future.
  • Investment Options: ii offers access to a wide variety of assets including shares, funds, ETFs, bonds, and international markets.
  • Sustainable Investing: Features a dedicated section for sustainable investing, including its ACE 40 sustainable investments and Super 60 investments.
  • Educational Resources: Provides research, stock tips, investment guides, and insights to help users make informed decisions.
  • Free Trading Offers: Until October 31, 2024, new customers can access £50 worth of free trades when they open an ISA or Trading Account.
  • Cashback Offers: Offers between £100 and £2,000 cashback when opening a SIPP with qualifying minimum deposits.
Details

Interactive Investor is the UK’s largest flat-fee investment platform, catering to a wide range of investors from beginners to experienced traders. With over 400,000 customers, ii is renowned for providing access to a variety of account types, including ISAs and SIPPs. The platform offers comprehensive market access, supported by rich research and educational resources, with a special emphasis on flat, predictable pricing, which is advantageous for long-term investors with larger portfolios.

Pros
  • Flat Fees: Predictable and flat fees are ideal for investors with larger portfolios, making costs transparent.
  • Wide Range of Accounts: Offering ISAs, SIPPs, and Junior ISAs, it caters to different investor needs, including tax-efficient investing.
  • Comprehensive Investment Options: Access to UK and international markets, shares, funds, ETFs, and bonds.
  • Trusted Platform: With over 400,000 customers and a 4.7/5 rating on Trustpilot, ii has a solid reputation in the UK.
  • Promotions: Offers free trades and cashback, making it attractive for new customers.
Cons
  • Flat Fee May Not Suit Smaller Portfolios: The flat-fee structure may not be cost-effective for smaller investors or those who trade infrequently.
  • Limited Free Trades: While promotions exist, regular users may not benefit from frequent free trades unless they meet certain conditions.

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