Interactive Investor vs Firstrade

Interactive Investor or Firstrade – which is better for UK traders 2024? Compare Interactive Investor and Firstrade in this detailed breakdown of their platforms, features and fees.

Interactive Investor vs Firstrade Comparison Table 2024
Interactive Investor Firstrade
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rating full
4.6
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4
Interactive Investor is ranked #11 among UK brokers. Firstrade is ranked #66 among UK brokers.
Review
Review
Interactive Investor are a hugely respected, FCA-regulated investing firm. The trading platform is easy-to-use while the sign-up and deposit process is straightforward for new investors. ii also has a long track record and a string of industry awards under its belt. Firstrade is a US-headquartered discount broker-dealer with authorization from the SEC. The company is also a member of FINRA/SIPC. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular and top-tier online brokerage. It is also quick and easy to open a new account.
Pros
  • FCA-regulated
  • No minimum deposit
  • 40,000+ stocks and shares
  • Excellent market research
  • User-friendly investment app
  • Low fixed fees for large portfolios
  • Multiple payment methods including bank cards
  • Highly rated and trusted by 400,000 investors
  • Less than 1 minute average wait time for customer support
  • Managed ISA introduced in 2024 streamlining investment decisions
  • Enhanced stock trading environment with overnight trading and fractional shares added
  • One of the first brokers to add AI-powered analysis through FirstradeGPT
  • Excellent broker for budget-conscious traders with low OTC fees
  • Highly trusted US-regulated brokerage and SIPC member
Cons
  • No free demo account
  • No copy trading tools
  • Firstrade focuses on stocks at the expense of forex, limiting diversification opportunities
  • No demo/paper trading account found at over 90% of alternatives evaluated
  • Customer support still needs work following testing with no 24/7 assistance
  • Visa credit/debit card deposits and withdrawals are not accepted
Awards
  • Investment Platform of the Year 2022
  • Best Low-cost SIPP 2022
  • Shareholder Rights Champion 2022
  • Best Low Cost Stockbroker 2022
  • Retail Investor Champion of the Year 2021
  • Best Low Cost Stockbroker 2021
  • Best Stocks and Shares ISA provider 2021
  • Best Stocks & Shares ISA Provider 2020
  • Best Stockbroker for International Dealing 2020
  • Best for ETF & Active Investor Commission & Fees - 2019
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
Stocks, Funds, Trusts, ETFs, Bonds, Gilts, VCTs Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
No No
Minimum Deposit
£0 $0
Payment Methods
Minimum Trade
£25 $1
Regulator
FCA SEC, FINRA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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rating full
4.4
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Android App Rating
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rating full
2.5
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Margin Trading
No Yes
Margin Rate
4.50%
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No Yes
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Auto Trading
Ready-Made Portfolios
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
Yes Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
No No
Account Currencies
  • GBP
  • USD
Cryptocurrency
Take positions on dozens of leading cryptocurrencies with low fees and 24/7 investing. Traders need just $1 to start speculating on popular tokens like Bitcoin. Clients can also buy cryptos instantly in a few straightforward steps.
Spread
Variable
Coins
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Interactive Investor Firstrade
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