Are you confused about whether to choose Interactive Investor vs DEGIRO as a broker for your investing needs?
In this side-by-side comparison, we analyse Interactive Investor vs DEGIRO to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.
Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!
Interactive Investor vs DEGIRO: In a Nutshell
UK investors with medium-to-large portfolios
Interactive Investor is a UK flat-fee investment service with more than 400,000 users with over £55 billion in assets under management.
It offers a vast selection of investment options, including trading, SIPP, and ISAs. The Stocks and Shares ISA starts at £4.99 per month (“Investor service plan”).
Interactive investor also provides 24h customer support on weekdays as well as a very active discussion forum.
Low-cost trading from Europe
DEGIRO is a European low-cost brokerage firm that has become very popular due to its low rates! With over 2.5 million users, the platform has become widely known for its “do-it-yourself” philosophy.
It offers a wide range of financial assets to trade, including stocks, ETFs (check the list of free ETFs), bonds, options, futures contracts, warrants, investment funds, and some leveraged products.
The mobile app and web trading platform are basic but very efficient and straightforward to use. Some downsides are the absence of any significant fundamental research and the lack of pricing alerts.
Pros and Cons
Interactive Investor
Pros
- User-friendly trading platforms
- Multi-currency account
- Access over 40,000 global investments
- Exclusive seminars and events
- Good educational resources
Cons
- Limited product offering
- Basic charting (limited customization) and analytic tools
- Expensive for investors with smaller portfolios
DEGIRO
Pros
- List of commission-free ETFs available
- User-friendly web and mobile app
- Wide range of investment options
- Education material: Investor’s Academy and Investing with DEGIRO
- Low overall commission structure
- No account opening, inactivity, or withdrawal fee
Cons
- 0.25% currency conversion fee (charged if you deposit or invest in a different currency than your base currency)
- €/£1 flat handling fee (charged in most transactions)
- €/£2.50 of connectivity fee (paid annually), per exchange where you’re invested
- Does not offer Forex, CFDs, and Cryptos
- No demo account
- Little research
- Low-quality customer support
Interactive Investor vs DEGIRO: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- Interest on unninvested cash (annually)
- Products
- Stocks
- ETFs
- Bonds
- Funds
- Options
- Futures
- CFDs
- Leverage Products
- Forex
- Cryptocurrencies
- Commodities
- Fees
- US stocks
- EU stocks
- ETFs
- Cryptocurrencies
- Custody Fee
- Inactivity Fee
- Withdrawal Fee
- Connectivity Fee
- Currency Conversion Fee
- Security
- Regulators
- Investor Compensation Scheme(per person, per institution)
Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.
