Interactive Investor

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    • #16482
      Mike Dennis
      Participant

      Please post in this thread any information/news you may have on this broker

    • #16505
      Amin Mohammed
      Participant

      I have been with Interactive Investor since they took over the UK business that originally belonged to E*Trade and then to Toronto Dominion Bank when it traded as TD Waterhouse.

      I find them reliable and like their fixed charging model. I particularly appreciate the service of holding foreign currency cash accounts, so that I can trade USD and EUR shares without perpetually paying exhorbitant FX conversion charges.

      My biggest wish is that they would add YEN and direct access to the Japanese Market. Ditto South Korea and Taiwan.

    • #16506
      Mike Dennis
      Participant

      I use ii for an ISA and a trading portfolio and I do find their service reliable and cost effective with a low fixed charge – no percentage of portfolio size nonsense.
      They are also good at alerting me to corporate actions and AGMs and making voting relatively easy compared to my Hargreaves Lansdown accounts.

    • #16532
      Cliff Weight
      Participant

      I use ii for an ISA, a SIPP and a trading portfolio. So does my wife.
      I recently transferred my pension from Aviva into an ii SIPP and went through quite quickly, but I had to sell the holdings and then buy others. Buying Vanguard (Global tracker fund) through ii was cheap, 12 basis points, much cheaper than Aviva were charging me.

      My wife and I find their service reliable and cost effective with a low fixed charge. I think the HL and Aj Bell charging structure (a percentage of portfolio size) is a nonsense for large portfolios. The breakeven is about £50,000.

      They are also good at alerting me to corporate actions and AGMs and making voting relatively easy compared to AJ Bell where you have to send them a text and the tortuous processes I have been told about with Hargreaves Lansdown accounts.

      I was also originally a TD Waterhouse client.

    • #16541
      Ian Millard
      Participant

      I agree with the points above, especially regarding the fixed fees being much better for anyone with a 6 figure portfolio. I have been with II since the TD days and generally had no problem with trading or account accuracy.

    • #16932
      Toby Keynes
      Participant

      I’ve just been migrated to ii from Share Centre.
      There was some concern that Share Centre clients who were moved across to ii would find it more difficult to vote their shares.
      So I was very pleasantly surprised to receive an email from ii on 29th January actually drawing attention to their “Voting and Information Portal”.
      I’ve been with a good number of shareholding platforms and brokers over the years, but never before has a platform or broker drawn my attention to its voting facilities.

      • #16933
        Mark Bentley
        Keymaster

        Thanks Toby,

        I was surprised by the concern expressed. As mentioned by others, I think ii’s support for voting and information rights is the best of any UK platform.

        Best,
        Mark

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