Fund platform launches low cost £4.99 a month service for small investors - we see how it compares

Aimed at investors with small investment pots of £30k or less, fund platform interactive investors has launched a low costs service - but is it any good and how does it compare to rivals?

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(Image credit: Getty Images)

Cost is one of the biggest factors when it comes to picking an investment platform. Get it wrong and it could significantly dent your investment returns.

For most DIY investors, the option is to either go for a percentage based fee model, where you are charged a percentage based on how much you hold in your investment pot, or a fixed flat fee.

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Nic studied for a BA in journalism at Cardiff University, and has an MA in magazine journalism from City University. She has previously worked for MoneyWeek.