To find a right broker for share dealing
, we spent seven months and hundreds of hours of assessing ten different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Alliance Trust Savings vs IG Group.
Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. IG Group is a better option with a 4.50 star rating over Alliance Trust Savings's 4.00 star rating.
Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and IG Group provides its clients with ISA, SIPP and Spread Betting while Alliance Trust Savings provides clients access to ISA, ISA - Junior, SIPP and SIPP - Junior. Also, some investors require a high-quality charting experience, 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. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Alliance Trust Savings makes fund research reports available to clients, while IG Group does not.
Overall, IG Group takes the upper hand with 4.50 stars over Alliance Trust Savings's 3.50 stars. And, when it comes to individual category awards, IG Group posted awards Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Education in 2017, while Alliance Trust Savings found itself with Best in Class - Customer Service.