After seven months and hundreds of hours of researching 12 different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare Alliance Trust Savings vs IG Group.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. IG Group received a rating of 4.50 stars over Alliance Trust Savings's 4.00 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and IG Group supports ISA, SIPP and Spread Betting while Alliance Trust Savings supports ISA, ISA - Junior, SIPP and SIPP - Junior. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Alliance Trust Savings trails IG Group by 18 total charting tools, with IG Group offering 19 and Alliance Trust Savings offering 1. IG Group boasts an offering of 26 different indicators (for example, moving averages) compared to Alliance Trust Savings's 10 available indicators. IG Group offers basic stock alerts while Alliance Trust Savings does not. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Alliance Trust Savings has fund research reports, IG Group doesn't.
Overall, between Alliance Trust Savings and IG Group, IG Group is the winner
Alliance Trust Savings Review
IG Group Review