ii Review

Flat-fee long-term investors

FCA

Why investors choose this broker

Core plan starts at £5.99 per month
Regular investments are Free on every plan
No fees for transfers in or out
SIPP, ISA and Trading Account sit under one plan

Review summary

ii is a flat-fee investment platform with ISA, SIPP, Trading Account, funds, ETFs, shares, bonds, managed options and multi-currency investing.

Pros

Core plan starts at £5.99 per month
Regular investments are Free on every plan
No fees for transfers in or out
SIPP, ISA and Trading Account sit under one plan
Hold up to 9 currencies in SIPP and Trading Account
Plus includes 1 free monthly trade; Premium includes 2
Funds cost £1.49 on Plus and Free on Premium
Plus gives 5 free family accounts; Premium gives unlimited

Cons

Core is limited to portfolios up to £100,000
Junior ISA is not included on the Core plan
Same day GBP and EUR withdrawals cost £15
Other currency withdrawals cost £15
Telephone trades cost £49
Non-personal accounts add £30 per month
Premium costs £39.99 per month
Core FX conversion is 0.75%

Company background

ii is a flat-fee investment platform operated by Interactive Investor Services Limited and is an Aberdeen company. It offers Stocks & Shares ISAs, a Personal Pension (SIPP), Trading Accounts, Joint Trading Accounts, Company Accounts, Managed ISAs and Managed Portfolios. Investors can choose their own shares, funds, ETFs, investment trusts, bonds and gilts, or use managed investment options where portfolios are selected and monitored for them.

The platform supports portfolio building across tax-wrapper and general investment accounts. It also supports international investing, with direct access to international markets and the ability to hold multiple currencies in a SIPP or Trading Account.

Fees and pricing

ii charges a flat monthly subscription instead of a percentage platform fee. The Core plan costs £5.99 per month, Plus costs £14.99 per month, and Premium costs £39.99 per month. Core is intended for portfolios up to £100,000, while Plus and Premium have no portfolio limit.

Funds cost £3.99 per trade on Core, £1.49 on Plus and Free on Premium. UK and US shares, including ETFs and investment trusts, cost £3.99 per trade on Core and Plus, and £2.99 on Premium. Other international shares cost £9.99 on Core, £7.99 on Plus and £5.99 on Premium. Regular investments are Free.

Regulation and safety

Interactive Investor Services Limited is authorised and regulated by the FCA. Cash and investments are protected up to certain limits by the FSCS. ii describes its platform as FCA-authorised and regulated, with systems and controls designed to protect assets.

Platform experience

Investors can use the website and secure mobile app to monitor accounts, access live pricing and invest globally. The mobile app is available through the Apple App Store and Google Play links shown on the website. The Premium plan includes ii360, an advanced trading platform marked as coming soon.

Pros and cons

The main strength of ii is its predictable flat-fee structure, which can be useful for investors who dislike percentage platform charges. Free regular investing, multi-currency holdings and family account features add practical value. The main limitations are plan restrictions and extra costs: Core has a £100,000 portfolio limit, Junior ISAs require Plus or Premium, same-day withdrawals cost £15, and telephone trades cost £49.

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Your capital is at risk. Other fees apply.

Trading fees & commissions

ii uses flat monthly plans: Core costs £5.99 per month, Plus costs £14.99 per month, and Premium costs £39.99 per month. UK and US shares, including ETFs and investment trusts, cost £3.99 per trade on Core and Plus, and £2.99 on Premium. Regular investments are Free, while FX charges range from 0.75% to 0.25% depending on the plan and trade size.

Fees

Item	Fee
Funds	Core £3.99 per trade; Plus £1.49 per trade; Premium Free
Account	Core £5.99 per month; Plus £14.99 per month; Premium £39.99 per month
Transfer	No fees for transfers in or out
Withdrawal	Next day GBP and EUR withdrawals No charge; same day GBP and EUR withdrawals £15; other currency withdrawals £15
Fx Conversion	Core 0.75%; Plus 0.75% first £50,000 and 0.25% over £50,000; Premium 0.25%
Sipp Admin Fee	Core £2.50 inc. VAT; Plus and Premium £6 inc. VAT
Telephone Trades	£49
Regular Investments	Free
Dividend Reinvestment	Core £0.99 per holding; Plus £0.99 per holding; Premium Free
Joint Trading Account	£14.99 per month
Non Personal Accounts	£30 per month
Managed Portfolio Cost	0.14% to 0.22%
Managed Isa Portfolio Cost	0.10% to 0.22%
Other International Shares	Core £9.99 per trade; Plus £7.99 per trade; Premium £5.99 per trade

Trading platform & features

Platforms

Web app
iOS app
Android app
ii360 (coming soon)

Regulation and investor protection

Interactive Investor Services Limited is authorised and regulated by the FCA. Cash and investments are protected up to certain limits by the FSCS.

Broker FAQs

Is ii safe?

ii is operated by Interactive Investor Services Limited, which is authorised and regulated by the FCA. Cash and investments are protected up to certain limits by the FSCS.

Is ii a scam?

No. ii is operated by Interactive Investor Services Limited, which is authorised and regulated by the FCA.

Is ii regulated and by whom?

ii is authorised and regulated by the Financial Conduct Authority. The regulator acronym is FCA.

What products does ii offer?

ii offers Stocks & Shares ISAs, a Personal Pension (SIPP), Trading Accounts, Joint Trading Accounts, Company Accounts, Managed ISAs and Managed Portfolios. Investment options include shares, funds, ETFs, investment trusts, bonds and gilts.

Does ii offer ETFs?

Yes. ETFs are listed among the investment options available through ii accounts. UK and US shares, including ETFs and investment trusts, are charged at the same dealing rate in the plan table.

Does ii offer a SIPP?

Yes. ii offers the ii Personal Pension, a Self-Invested Personal Pension. Investors can manage their own SIPP investments or use Managed Portfolios.

Does ii offer an ISA?

Yes. ii offers a Stocks & Shares ISA, a Managed Stocks & Shares ISA and a Junior ISA. The Junior ISA is included on Plus and Premium plans, but not on Core.

What does ii charge for stock trades?

UK and US shares, including ETFs and investment trusts, cost £3.99 per trade on Core and Plus. They cost £2.99 per trade on Premium.

What is ii's currency conversion fee?

The Core FX charge is 0.75%. Plus charges 0.75% on the first £50,000 and 0.25% over £50,000. Premium charges 0.25%.

Is there a withdrawal fee at ii?

Next day GBP and EUR withdrawals have No charge. Same day GBP and EUR withdrawals cost £15, and other currency withdrawals cost £15.

Does ii charge transfer fees?

ii says it does not charge fees for transfers in or out. This includes in specie full transfers where the same investments are kept.

Does ii have a mobile app?

Yes. ii describes a secure mobile app and provides Apple App Store and Google Play links. Investors can also use the website.

Can ii hold multiple currencies?

Yes. An ii SIPP or Trading Account can hold GBP, USD, EUR, CAD, HKD, SGD, AUD, SEK and CHF. ISAs cannot hold foreign currencies due to HMRC rules.

Does ii offer managed portfolios?

Yes. ii offers Managed ISAs and Managed Portfolios. The managed options match investors to one of 10 portfolios across two investment styles and five risk levels.

How much does ii's Managed ISA cost?

The Managed ISA uses the same monthly plan pricing, starting at £5.99 on Core for investments up to £100,000. The ongoing portfolio cost can range from 0.10% to 0.22%.

How much does ii's Managed Portfolio cost?

The Managed Portfolio starts on the Core plan at £5.99 per month for investments up to £100,000. The ongoing management charge can range from 0.14% to 0.22%.

Is ii good for long-term investing?

ii is structured around flat-fee investing, ISAs, SIPPs, Trading Accounts, regular investing and managed portfolios. Its managed portfolios are described as designed for long-term growth of at least 5 years.

Bottom line

ii suits investors who want flat monthly pricing, tax-wrapper accounts, managed options and multi-currency investing. It may be less suitable for small portfolios that prefer no monthly platform fee or users who need Junior ISAs on the lowest plan.

Flat-fee long-term investors

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