Full Answer
Who is Interactive Investor?
Who is interactive investor? interactive investor is a privately owned limited liability company called interactive investor Services Ltd. It is 100% equity funded with no debt and net assets over 100 million and includes large key shareholders such as J.C. Flowers & Co.
Is Interactive Brokers a publicly traded company?
In 2014, Interactive Brokers became the first online broker to offer direct access to IEX, a private forum for trading securities. Currently about 16.6 percent of the company is publicly held, while the remainder is held by employees and their affiliates; Thomas Peterffy is the largest shareholder.
Why did Interactive Investor change its name?
The name was changed to Interactive Investor following the company's withdrawal from the South African and Asian markets. The company has grown to be the UK's second-largest retail investment platform, with more than 300,000 customers and more than 7.4 million unique users per annum.
Are old reviews of Interactive Investor bad?
Older reviews tend to be more negative than the most recent reviews, suggesting that interactive investor have managed to iron out the various bugs with a few upgrades. Is interactive investor any good?
Who bought interactive investor?
AbrdnAbrdn purchases Interactive Investor for £1.5bn Abrdn has bought subscription-based investment platform Interactive Investor for £1.49bn.
Who founded interactive investor?
Sherry CoutuInteractive Investor International was founded in 1994 by Sherry Coutu and funded by angel investors Richard Caruso and John Cooper, and the venture capital company, Arts Alliance.
What do interactive investor do?
Interactive Investor is an online investment service in the United Kingdom, founded in 1995. It provides financial information and investment tools. In 2018 it acquired Alliance Trust Savings, and moved its customers over in October 2019.
WHO IS II Co UK?
interactive investor, also known as ii.co.uk, is a top, execution-only, investment service in the UK. interactive investor have you covered with a full suite of products for typical UK investors including ISA, SIPP, Share Dealing, Fund Investing, CFDs, and even IPOs.
Is Interactive Investor legitimate?
Interactive Investor (ii) is one of the biggest UK stockbrokers, regulated by the Financial Conduct Authority (FCA). It was founded in 1995 and incorporated in its current form in 2003. Interactive Investor was recently acquired by abrdn, a publicly-listed company that is also part of the FTSE 100 index.
How safe is my money with Interactive Investor?
How safe is Interactive Investor? Under the Financial Services Compensation Scheme (FSCS), investor assets are protected up to a maximum of £85,000 per person. Any cash held is pooled with that of other customers and deposited with a number of financial institutions.
What happens to my money if interactive investor goes bust?
Investments held in this way have 'trust status', which means that in the event of the firm becoming insolvent your investments are protected from the firm's creditors. Any money (cash) held in your account is treated as 'client money' as defined by the FCA.
Is interactive investor regulated by the FCA?
Interactive Investor is regulated by the Financial Conduct Authority (FCA). All our systems and practices meet industry requirements and we have additional security procedures of our own, meaning you can always be confident of our commitment to the safety and security of your account and investments.
What bank does interactive investor use?
The Holding Account is a segregated trust account set up specifically to safeguard client assets. The Flagstone Holding Account is provided by Barclays Bank UK PLC.
Is interactive investor cheaper than Hargreaves Lansdown?
Based on our thorough review, Interactive Investor offers better pricing than Hargreaves Lansdown for share dealing. 1 Trade Per Month - Interactive Investor is cheaper.
Are Interactive Brokers safe?
Given that the broker has licenses from multiple top-tier regulators, Interactive Brokers is considered safe. The fact that it has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.
How do I withdraw money from interactive investor?
You can withdraw money from your ISA into an account held in your name. To withdraw money, log in to your account and from the menu select cash & transfers > withdraw/transfer cash. Follow the instructions on screen for a bank transfer.
When did Interactive Investor take over share Centre?
July 2020In February 2020, Interactive Investor announced its intention to acquire Share PLC (The parent company for The Share Centre). The acquisition was completed in July 2020. All The Share Centre customers affected by the move, migrated to the ii platform between February 2021 and November 2021.
How do I contact Interactive investors?
Get in touch We take the security of your account very seriously and will never call you for either your password or bank details. If you have any doubt as to the authenticity of any contact with us please call us direct on 0345 607 6001 or +44 113 346 2309 from overseas.
What is Interactive Investor?
Interactive Investor (ii) is the second biggest UK stockbroker, regulated by the Financial Conduct Authority (FCA). It was founded in 1995 and incorporated in its current form in 2003. UK investors can open ISA and SIPP accounts.
What are the base currencies for Interactive Investor?
This compares favourably to its peers. The available base currencies are GBP, EUR, USD, CAD, HKD, SGD, AUD, SEK and CHF. If you live in Ireland, CHF and SEK are not supported.
What is the difference between a trading platform and a web platform?
The major difference compared with the web trading platform is that you can't set alerts. You can't even set mobile push notifications. This is a big drawback of the mobile platform.
Does Interactive Investor require two step authentication?
On subsequent logins, only one-step verification is needed; you do not have the option to use two-step (safer) login.
Does Interactive Investor have a withdrawal fee?
Interactive Investor has low non-trading fees. It charges no inactivity fee and there is also no withdrawal fee for standard withdrawals . Withdrawal fees are charged, though, if you make an instant withdrawal in sterling or euro, or if you make a regular withdrawal in currencies other than these.
What is Interactive Investor app?
Interactive investor’s app (mobile platform) has a solid 4.4 out of 5 stars rating on the app store as generally users find it to be easy-to-use with well laid out design for managing all your investments. Unfortunately the ii app did experience quite a few teething problems when first launched, however, interactive investor seem to have most of these ironed out. I did find that there was a lack of advanced charting tools and customisable trading tools that experienced traders might find useful, however, you can still perform the following functions:
Why did Ii launch four models?
ii have launched four model portfolios to help make investing easier and offer growth or income options. I Iliked it that ii are so transparent with these portfolios, even for people who don’t hold an account with ii. The four portfolios are as follows:
What is SIPP pension?
A SIPP is a “Self Invested Pension Plan” which is a fancy way of saying DIY Pension. ISA and SIPP go hand in hand at interactive investor and how you manage them is practically the same. Interactive investor’s SIPP allows you to deposit money tax free in order to invest for your retirement. Low cost fees are key to helping improve the return of any investment, particularly a pension, so it makes sense to compare your current fees to what interactive investor charges to make sure you have the best possible set-up.
Is Interactive Investor a monthly fee?
Moving away from more traditional quarterly fees or annual fees, interactive investor have moved to a monthly fee.
How many employees does Interactive Brokers have?
Interactive Brokers Group has nine directors, including Thomas Peterffy, Chairman of the Board of Directors, who as the largest shareholder is able to elect board members. The company has 1,649 employees; 1,365 of them hold company stock. Interactive Brokers employs computer programmers and IT workers; programmers outnumber other employees five to one. Approximately nine percent of employees work in legal or regulatory compliance departments.
How much is Interactive Brokers Group?
Interactive Brokers Group has $75 million in tangible assets , including $24 million in computer equipment. Currently about 17.3 percent of the company is publicly held, while the remainder is held by employees; Thomas Peterffy is the largest shareholder.
When did Peterffy start using computer?
In November 1983 he convinced the exchange to allow computer use on the floor. In 1983, Peterffy sought to computerize the options market, and he first targeted the Chicago Board Options Exchange (CBOE). At the time, brokers still used fair value pricing sheets, which were by then updated once or twice a day.
What was Thomas Peterffy's first company?
The following year, he formed his first company, named T.P. & Co., to expand trading activities to several members under badge number 549. At the time, trading used an open outcry system; Peterffy developed algorithms to determine the best prices for options and used those on the trading floor, and thus the firm became the first to use daily printed fair value pricing sheets. In 1979, the company expanded to employ four traders, three of whom were AMEX members. In 1982, Peterffy renamed T.P. & Co. to Timber Hill Inc.; he named it after a road to a favorite retreat, one of his properties on Hutchin Hill Road in Woodstock, New York. By 1983, Peterffy was sending orders to the floor from his upstairs office; he devised a system to read the data from a Quotron machine by measuring the electric pulses in the wire and decoding them. The data would be then sent through Peterffy's trading algorithms, and then Peterffy would call down the trades. After pressure to become a true market maker and keep constant bids and offers, Peterffy knew that he would need his employees to closely pay attention to market movements, and that handheld computers would help. At the time, the AMEX didn't permit computers on the trading floor. Because of this, Peterffy had an assistant deliver market information from his office in the World Trade Center. In November 1983 he convinced the exchange to allow computer use on the floor.
When did IBG start offering penny options?
Also in that year, IBG took stakes in OneChicago, the ISE Stock Exchange, and the CBOE Stock Exchange. In 2006, Interactive Brokers started offering penny-priced options. On May 3, 2007, IBG held its initial public offering (IPO) through the Nasdaq and sold 40 million shares at $30.01 ($37.46 in 2020) per share.
Where is Interactive Brokers located?
Interactive Brokers maintains a 163,510-square-foot (15,191 m 2) headquarters in downtown Greenwich, Connecticut. Traders and programmers work in units with several monitors and more overhead, while several network engineers staff an area round the clock, six days a week.
When did Interactive Brokers become the first online broker?
On April 3, 2014, Interactive Brokers became the first online broker to offer direct access to IEX, a private electronic communication network for trading securities, which was subsequently registered as an exchange.
When did Interactive Investor start?
Interactive Investor has actually been around for longer than many people might imagine. It first started up around 1995, and at the turn of the 00s, it started emerging as an online platform for trading in a variety of stocks and funds. In fact, at the time of writing, it’s one of the premier UK stockbrokers, meaning from the off, ...
What is an interactive broker?
Interactive Brokers is a long-standing, intensively detailed service with plenty of research tools and stacks of investment options. IB tends to offer more to users than II when it comes to choice and data availability, as well as news and analysis. II offers no inactivity fees, while IB applies hefty charges.
What is the best investment service?
Don’t have time to read the full comparison? Here’s a quick breakdown: 1 Interactive Investor is a simple, straightforward service with a handful of everyday stock and fund choices. 2 Interactive Brokers is a long-standing, intensively detailed service with plenty of research tools and stacks of investment options. 3 IB tends to offer more to users than II when it comes to choice and data availability, as well as news and analysis. 4 II offers no inactivity fees, while IB applies hefty charges. 5 II demands monthly fees, while IB does not. 6 IB can be very complex to use, while II is best positioned towards beginners.
Is Interactive Brokers based in the US?
Interactive Brokers is immediately different to ii in the sense that it’s based in the US. However, it is available to UK investors and traders, meaning that it’s directly open for you to dabble in. It’s actually been around since the 1970s. Which makes it one of the longest-standing brokers of its kind.
Is there a minimum investment requirement for Interactive Brokers?
As with ii, there are no minimum investment demands with Interactive Brokers. There’s also no fees for withdrawals. However, it is worth looking into the banking side of things here. As – for example – there doesn’t seem to be any kind of provision for credit card deposits.
Is Interactive Brokers a financial advisor?
Interactive Brokers actually offers platforms for financial and stocks advisors, so that appears to be a firm ‘yes’. As mentioned, customer advice is up to scratch, and if you want to educate yourself, there are plenty of courses you can dip into.
What is interactive investor?
Launched in 1995 Interactive Investor* is an award-winning online investment service that provides the DIY investor with the tools and trading environment to help them make informed investment decisions.
How many portfolios does Interactive Investor have?
Interactive Investor previously promoted 12 model portfolios which were created by the Money Observer editorial team. Now it has relaunched with 5 model portfolios whose names accurately explain what they aim to achieve.
What is an interactive investor pension account?
An Interactive Investor Pension Trading Account allows investment in assets such as property which are not available within the Interactive Investor SIPP. A pension trading account can be set up in association with a SIPP/SSAS administered by your preferred pension provider.
What is SIPP investment?
An Interactive Investor SIPP* is a tax-efficient way of building up an income for retirement. All investments in a SIPP will currently qualify for tax relief up to a maximum of £40,000 per year or 100% of your annual income. Basic rate taxpayers will receive an uplift to any investment of 20%, so an investment of £8,000 will result in a sum of £10,000 being invested in a SIPP. Higher and Additional rate taxpayers can obtain additional tax relief through their annual tax return. Additionally, new customers opening an Interactive Investor SIPP* will not have to pay a SIPP fee for the first 6 months, a saving of £60.
Is Interactive Investor ethical?
If you prefer to invest ethically, Interactive Investor provides an impressive set of useful resources. A lot of research has been collated to produce a 'long list' of over 140 ethical investment options (which you can easily filter by asset type) as well as additional tools, such as a detailed definition table and a handy jargon buster.
