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The Share Centre investment platform review

We analyse the charges levied by The Share Centre and ask whether the investment platform provides good value for investors

In this article
What is The Share Centre? Is The Share Centre good or bad? What do customers say about The Share Centre? What are The Share Centre's charges? Who is The Share Centre good for?
Who is The Share Centre expensive for? What accounts and services does The Share Centre offer? Is your money safe with The Share Centre? Get top money-saving tips from Which?

What is The Share Centre?

The Share Centre has been offering stockbroking services to DIY investors since the early 1990s.

However, Interactive Investor (II) this year agreed to buy The Share Centre, subject to regulatory approval, in a cash and shares deal worth around £61.9m.

This means that when the deal goes through The Share Centre customers will be migrated to II Group's main trading company, II Services Limited. 

Is The Share Centre good or bad?

To get an idea of how good or bad The Share Centre is, we asked its customers.  

Which?'s rating for customer satisfaction is based on feedback from real customers. We ask investors to rate their current platform for the quality of its online tools, customer service, and investment information. We also ask if it meets their needs, is value for money and whether they'd recommend it to someone else.

However, to be named a Which? Recommended Provider (WRP), customer satisfaction alone won't suffice; we also consider platform fees.

Which? members can exclusively read the results of our unique customer satisfaction survey.

Members can log in to see our review of The Share Centre. If you're not already a member, join Which? and get full access to these results and all our reviews.

Aspect of service Star rating
Online tools

4 out of 5

Customer service

4 out of 5

Investment information

3 out of 5

Available investments meet my needs

5 out of 5

Value for money

4 out of 5

What do customers say about The Share Centre?

  • 'They are well served by their excellent staff who are always helpful.'
  • 'I find the website very easy to navigate. Information is easy to access  and appropriate.'
  • 'On the portfolio overview one has to enter manually the price paid for shares. This is the most basic functionality which they should have computerised.'

Check out our guide on the best and worst investment platforms to see how The Share Centre compared with AJ Bell, Hargreaves Lansdown and other investment platforms.

What are The Share Centre's charges?

Annual charges

  • £24 for general investment account (£2/month)
  • £60 for stocks and shares Isa (£5/month)
  • £18 for DIY Junior Isa

The Share Centre usually has a Sipp offering, although it announced that from 13 March 2020 it will not be accepting new Sipp applications as its pension trustee is changing. We will keep you updated as the situation changes

Trading charges

  • £7.50 per deal for trades less than £750, 1% for £750 and above
  • £25 fee to transfer out 

We’ve estimated the cost of investing various sums in The Share Centre over the course of a year in the table below. The costs assume you only buy funds (shares work out slightly cheaper with some companies), and make four purchases and four sales each year.

Amount invested Logged out detail
£5,000 Logged out detail
£10,000 Logged out detail
£25,000 Logged out detail
£50,000 Logged out detail
£100,000 Logged out detail
£250,000 Logged out detail
£500,000 Logged out detail
£1m Logged out detail

Source: Analysis by Which? Money correct as of April 2020

Read our comparison of investment platform charges to see how much investing with The Share Centre costs for a range of portfolios.

Who is The Share Centre good for?

Fixed fees make The Share Centre more suitable for investors with medium-to-large portfolios (over £50,000).

If that's you, however, you may wish to look at more highly-rated (and cheaper) fixed fee brokers such as Halifax Share Dealing and Interactive Investor.

Who is The Share Centre expensive for?

Those with smaller portfolios are likely to be better off with a fund supermarket that charges a low percentage fee, such as Which? Recommended Providers AJ Bell Youinvest and Vanguard.

In our cost-comparison, The Share Centre was never the cheapest option for any size of portfolio.

What accounts and services does The Share Centre offer?

The information below gives an at-glance view of the key things that the accounts and services The Share Centre offers. 

Elements marked with a are offered by The Share Centre and those marked with a are not.


General investment account


A general investment account that can hold different types of investments but doesn’t give tax-free benefits like pensions and Isas.


✓ Stocks and shares Isa


A stocks and shares Isa is a tax-free account that allows you to put your money in a range of investments.


Junior Isa


A junior Isa is a tax-free savings account for under 18s.




A Sipp is a pension where you have complete control over the investments you put your savings into.


 Lifetime Isa


A lifetime Isa is a tax-free savings or investment account designed to help people aged 18-39 buy their first home or save for retirement. 


Income drawdown


Income drawdown allows you to take money out of your pension to live on in retirement.


✘ Banking services


Banking services allow you to operate bank accounts, make transfers and make payments.


Savings account


A savings account is somewhere you can put your money so it can grow in value. 


✘ Annuity


An annuity is an insurance product which allows you to swap your pension savings for a guaranteed regular income that will last for the rest of your life. 


 Advisory services


Advisory services allow you to access professional investment advice. 

Is your money safe with The Share Centre?

As the Share Centre has been acquired by Interactive Investor, it's considered part of that platform.

If Interactive Investor went out of business, you would be compensated by the Financial Services Compensation Scheme (FSCS).

The FSCS will cover up to £85,000 of investments per person, per platform. You can claim for free online: there’s no reason to use a claims management company.

You won’t be compensated for investments falling in value, or a company in which you hold shares goes bust, unless this poor performance resulted from bad advice given by a regulated Independent Financial Advisor that has since gone bust. 

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