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IG vs Barclays 2020
Your capital is at risk.
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Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site
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Overall Rating
| Feature | IG | Barclays |
| Overall | ||
| IG Review | Barclays Review |
Trading Fees
| Feature | IG | Barclays |
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Share Trading: 0-9 Deals/ Month |
£8.00 | £6.00 |
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Share Trading: 10-19 Deals/ Month |
£5.00 | £6.00 |
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Share Trading: 20+ Deals/ Month |
£5.00 | £6.00 |
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Annual Custody Fee: £0 - £250,000* |
£96.00 | 0.2% (minimum £48) |
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Bonds - Government (Gilts) - Fee |
N/A | £6.00 |
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ETFs - Fee |
£8.00 | £6.00 |
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Investment Trusts - Fee |
£8.00 | £3.00 |
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Telephone Dealing Fee* |
£40.00 | £25.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | IG | Barclays |
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Desktop Platform (Windows) |
Yes | No |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | No |
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Android App |
Yes | No |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
28 | 67 |
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Charting - Drawing Tools |
19 | 17 |
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Charting - Notes |
Yes | No |
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Charting - Display Corporate Events |
Yes | No |
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Charting - Stock Overlays |
Yes | No |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | IG | Barclays |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
No | No |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | Yes |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
No | Yes |
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Portfolio Allocation Breakdown |
No | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | IG | Barclays |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | No |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
No | Yes |
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Bonds - Government (Gilts) |
No | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
Yes | No |
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Advisor Services |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | IG | Barclays |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | Yes |
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Has Education - Retirement |
No | Yes |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | Yes |
| Education |
Overall
| Feature | IG | Barclays |
| IG Review | Barclays Review | |
| Overall | ||
| Winner | check_circle |
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 received a rating of 4.50 stars over Barclays's 4.00 stars.
Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.
Scenario 1 - 12 trades per year, or 1 trade per month. IG charges £96 and Barclays charges £132.
Scenario 2 - If you make 3 trades a month, or 36 per year, the fees with IG wold be £288 and the fees with Barclays would be £276.
Scenario 3 - 10 trades per month, for a total of 120 trades per year. Barclays would charge £780 while IG would charge £600.
Scenario 4 - 20 trades per month, for a total of 240 trades per year. Barclays would charge £1500 while IG would charge £1200.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and IG offers clients ISA, SIPP and Spread Betting while Barclays offers ISA, 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. IG boasts an offering of 19 charting tools compared to Barclays's 17 available charting tools. IG trails Barclays by 39 total different indicators (for example, moving averages), with Barclays offering 67 and IG offering 28. Barclays and IG both offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Barclays has fund research reports, IG doesn't.
Overall, between Barclays and IG, IG is the winner.
Barclays Review
IG Review
All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
