Neither have CFD Trading, Spread Betting, Crypto Trading and Advisor Services. Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Lloyds Bank offers investors access to ISA, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts. Which broker offers a wider range of investment options? From our testing we found for accounts between £0 - £250,000 Interactive Investor charges annual custody fees of £59.88 - £143.88, while Lloyds Bank charges annual custody fees of £40. Interactive Investor requires a minimum deposit of £0.0, while Lloyds Bank requires a minimum deposit of £0.0. How do Interactive Investor and Lloyds Bank compare in terms of minimum deposits required? Based on our thorough review, Interactive Investor offers better pricing than Lloyds Bank for share dealing.Īssuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.ĥ trades per year - Interactive Investor would cost £79.83 per year, while Lloyds Bank would cost £40 - £95 per year.ġ2 trades per year - Interactive Investor would cost £107.76 per year, while Lloyds Bank would cost £40 - £172 per year.ģ6 trades per year - Interactive Investor would cost £203.52 per year, while Lloyds Bank would cost £40 - £412 per year.ġ20 trades per year - Interactive Investor would cost £538.68 per year, while Lloyds Bank would cost £40 - £1084 per year.ģ fund trades per year - Interactive Investor would cost £0.0 per year, while Lloyds Bank would cost £0.0 per year. Which broker is less expensive?Īlongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. But there are other platforms that are easier, more comprehensive and cheaper to use, including Halifax, which is also owned by Lloyds Banking Group. It's easy for current Lloyds Bank customers to open a Lloyds Bank Share Dealing investment account. Our view is that Interactive Investor is a great platform for any investor, offering a wide range of investments for cheap prices on the whole. Other investment platforms typically favour percentage fees for fund investing, although more brokers are now opting for flat fees. The standout feature at Interactive Investor (ii) is its low flat-rate fees. Let's compare Interactive Investor vs Lloyds Bank. Interactive Investor vs Lloyds Bank Comparisonįor our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let’s compare Interactive Investor and Lloyds Bank. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. 120 trades per year (£30k portfolio) infoģ fund trades per year (£30k portfolio) infoĬomparing online share dealing platforms side by side is no small task.
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