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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

4.6	4
Interactive Investor is ranked #12 among UK brokers.	Firstrade is ranked #67 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 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	SIPC member Low OTC fees Crypto trading Premarket trading Accepts US traders No minimum deposit Commission-free investing Regulated by SEC and FINRA Multiple customer support options Access to education, research, and tools Stop limit and trailing stop orders supported Mobile app with advanced features and analysis
Cons
No free demo account No copy trading tools	No copy trading Some withdrawal fees No 24/7 customer support No forex or futures trading No demo/paper trading account Visa Credit/debit card deposits and withdrawals 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
Cheque Debit Card Maestro Mastercard Visa Wire Transfer	ACH Transfer Cheque Wire Transfer
Minimum Trade
£25	$1
Regulator
FCA	SEC, FINRA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating
4.4
Android App Rating
2.5
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	No
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
Review	Review
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