Are you confused about whether to choose Interactive Investor vs Plus500 as a broker for your investing needs?
In this side-by-side comparison, we analyse Interactive Investor vs Plus500 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 Plus500: 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.
Commission-free CFDs trading and low spreads
Plus500 is an online broker offering a wide range of financial products, including real shares and CFDs on forex, indices, shares, commodities, options, ETFs, and cryptocurrencies.
There are two distinct account types: Plus500 CFD, which only focuses on CFD products; Plus500 Invest, where you can trade stocks (real shares).
The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and easy access from multiple devices.
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
Plus500
Pros
- Easy-to-use and responsive platform
- Low spreads
- No dealing commissions
- Demo Account
- Top-tier regulators
Cons
- No ETF offering
- Inactivity fee ($10 per month after no login activity in 3 months)
- High overnight funding fees
- Very little research and education provided
Interactive Investor vs Plus500: 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.
