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Firstrade vs Interactive Investor : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Firstrade

Firstrade

VS
Interactive Investor

Interactive Investor

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Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

STP broker

None

Years of Existence / Established Year

1985

1995

Customer Base / Number of Accounts

1Million

over 430,000


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Regulation & Security

Regulations (governing bodies)

FINRA, SEC

FCA

Awards Won (count for the last 2 years)

Best Online Brokers, Best for Options Traders award.

Best Stocks and Shares ISA - The Times Money Mentor Awards 2024 Boring Money Best Buy ISA - AIC Shareholder Engagement Award 2024 Boring Money Best Buy Pension - AIC Shareholder Engagement Award 2024 Best online stock broker 2023 - ADVFN International Financial Awards

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Yes

Segregated Funds

Yes

Yes

Negative Balance Protection

No

No


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Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more

43,000 + funds, Shares, Glits

Currency Pairs

No

Yes

Commodities

No

Yes

Indices

Yes- Through ETFs

Yes

Cryptocurrencies

Yes- Through ETFs

No

CFDs

No

No

ETFs

Yes

Yes

Stocks

Yes

Yes

Options

Yes

No

Futures

No

No

Bonds

Yes

Yes

Mutual Funds

Yes

Yes

Fractional Shares

Yes

No

Exchange Traded Notes (ETNs)

Yes

No

Precious Metals

No

Yes

Real Estate Investment Trusts (REITs)

Yes

Yes

Equities

No

No


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Trading Platforms & Technology

Trading Platform Availability

Yes

Yes

MT4

No

No

MT5

Yes

No

cTrader

No

No

Social Trading

No

Yes

Copy Trading

No

No

Other Trading Platforms (proprietary, etc.)

Firstrade platform

Online ii Community - for social trading

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes only Web


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Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning

Trading Account SIPP Stocks & Shares ISA Junior ISA Cash Savings Managed ISA Joint Trading Account Company Account

Demo Account (Yes/No)

No

No

Islamic Accounts (Yes/No)

No

No

Minimum Deposit

$0

Euro 250

Leverage Available

No

Info not available

Trade Limit (maximum per trade)

Depends on asset class

Varies for each product

Commission (per account type)

$0

Monthly fee ISA / Trading account - £ 4.99 for investment upto £ 50,000 - £ 11.99 (no limit) SIPP - £ 5.99 for investment upto £50,000 - £12.99 (no limit) ISA + Trading Account + SIPP - £ 9.99 for investment upto £75,000 - £ 21.99 (no limit)

Best Suited For (e.g., beginners, experienced traders)

Both beginners and experienced traders

Beginners


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Deposit & Withdrawal Options

Deposit Methods

Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer

Cash savings Ac - Bank transfer Debit cards Cheque Payit from Natwest

Withdrawal Methods

Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed

Bank Transfer

Other E-Wallets Supported

No

No


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Tools & Educational Resources

Economic Calendar

Yes

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs

StockScreener - Intuitive tool to explore the markets


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Fees & Commissions

Trading-Related Fees

Commission for stocks, ETFs, Options, Mutual funds- $0, Fixed income- Treasury Bills, Notes & Bonds, Municipal Bonds, Agency Bonds, Secondary Market CDs, Zeros & Strips- Net yield basis, Primary Market CDs- $30, Broker-Assisted Stock & Options Trades- $19.95 (+$0.50/Contract)

UK & US shares, funds, ETFs, bonds and gilts - £3.99, Other international shares - £9.99 / £5.99 (Super Investor), Dividend reinvestment - £0.99, For value over £100,000 - 0.04% of trade value, Buying / Selling other international shares - £9.99, For value over £25,000 - 0.10% of trade value, International trading fees for super investors - £5.99

Spread (typical, fixed, variable)

Typical

Info not available

Per Lot Fees

NA

£ 3.99 per trade

Options Contract Fees

$0

NA

Futures Contract Fees

NA

NA

Markup Fees on Spread

NA

NA

Guaranteed Stop Loss Fees

NA

NA

Maximum Leverage

No

Info not available


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Non-Trading Fees

Dormant Fees

$0

$0

Subscription Fees (for premium features, data feeds)

NA

Super Investor plan - £ 19.99 per month Super Investor + SIPP = £29.99 per month

Advisory Fees

0.20-0.30%

$0

Swap Fees (Overnight Financing)

NA

NA

Statement or Document Fee

$2-$5

NA

Account Opening Fee

$0

NA

Account Maintenance Fee

$0

Administrative charges Share certificate withdrawal - £ 35 + VAT - Per certificate Failed payments or late settlement - £ 25 Paper documents - £ 3 + VAT per document Contract notes sent by post - £ 1.50 + VAT per document VCTs processing charge - £ 30 per application

Deposit Fee

$0

£ 0

Currency Conversion Fee

3%

Value converted FX charge £ 0 - £ 24,999.99 1.5% £ 25,000 - £ 49,999.99 1.25% £ 50,000 - £ 99,999.99 1.00% £ 100,000 - £ 599,999.99 0.50% £ 600,000 or more 0.25%

Withdrawal Fee

$25-$75

Urgent withdrawals cost - £15


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Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Yes


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Trading Hours

Trading Hours (for each asset class if applicable)

Pre-Market: 8:00 AM to 9:30 AM ET Regular Market: 9:30 AM to 4:00 PM ET After-Hours: 4:05 PM to 8:00 PM ET

UK- Pre-market: 7 AM - 9:30 AM After-hours: 4:05 PM - 8 PM


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Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday - Friday,10am - 4pm ET

7.45am to 5.30pm (GMT) Monday - Friday

Customer Support Methods (phone, email, live chat)

Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919

Tel: 0345 607 6001 From abroad: +44 113 346 2309

Support Languages

3

1


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Additional Information

Headquarters Location

30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354

Leeds One Embankment, Neville Street, Leeds, LS1 4DW

Complaints (for crypto brokers)

No

No


At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.
Firstrade stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, interactive investor offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.
While Firstrade prioritizes fast registration with minimal steps, interactive investor focuses on a thorough vetting process that gives more flexibility in choosing account types and features.
New traders may find Freetrade interface more welcoming, while interactive investor appeals to experienced users looking for tools like heatmaps, screeners, and market sentiment overlays.
Firstrade stands out for active traders with robust tools, while interactive investor suits investors seeking simplicity and ease of use.