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IG vs Barclays 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is IG better than Barclays? After scoring the best share dealing accounts across 46 different variables, IG is better than Barclays. IG stands out as a top U.K. broker, thanks largely to its excellent online trading platform. Strong functionality comes with industry-standard commission rates and fees, a huge variety of trading tools, and user-friendly mobile apps.

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Overall RatingIGBarclays
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4.5/5 Stars
Ease of Use 5/5 Stars N/A
Education 5/5 Stars 4.5/5 Stars
Review IG Review
Winner check_circle
InvestmentsIGBarclays
ISA Yes Yes
SIPP Yes Yes
Share Trading Yes Yes
CFD Trading Yes No
Funds No Yes
ETFs Yes Yes
Bonds - Corporate No Yes
Bonds - Government (Gilts) No Yes
Investment Trusts Yes Yes
Spread Betting Yes No
Crypto Trading No No
Advisor Services No Yes
Trading FeesIGBarclays
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £3 to £8 £6
Share Trading: 10-19 Deals/ Month £3 £6
Share Trading: 20+ Deals/ Month £3 £6
5 trades per year (£30k portfolio) £30-£40 £60
12 trades per year (£30k portfolio) £96 £102
36 trades per year (£30k portfolio) £108 £246
120 trades per year (£30k portfolio) £360 £750
3 fund trades per year (£30k portfolio) £24 £59
Annual Custody Fee: £0 - £250,000 £96 (can reduce by trading) 0.2% (minimum £48)
Annual Custody Fee: £250K-£500K £96 0.2%
Annual Custody Fee: £500,000 - £1m £96 0.2%
Annual Custody Fee: £1m and over £96 0.2%
Bonds - Corporate - Fee N/A £6
Bonds - Government (Gilts) - Fee N/A £6
ETFs - Fee £8 £6
Investment Trusts - Fee £8 £3
Telephone Dealing Fee £40-£50 £25
Platforms & ToolsIGBarclays
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes Yes
Charting - Indicators / Studies 33 68
Charting - Drawing Tools 19 16
Charting - Notes Yes Yes
Charting - Display Corporate Events Yes No
Charting - Stock Overlays Yes No
Charting - Index Overlays Yes No
ResearchIGBarclays
Research - Shares Yes Yes
Research - CFDs Yes No
Research - Funds Yes Yes
Fund Research - Research Reports No Yes
Research - ETFs Yes Yes
Research - Bonds No Yes
Portfolio Allocation Breakdown No Yes
EducationIGBarclays
Has Education - Share Trading Yes Yes
Has Education - Funds Yes Yes
Has Education - Retirement Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Overall SummaryIGBarclays
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4/5 Stars 4.5/5 Stars
Ease of Use 5/5 Stars N/A
Education 5/5 Stars 4.5/5 Stars
Review IG Review
Winner check_circle
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IG vs Barclays Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs Barclays.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, IG offers better pricing than Barclays for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

5 trades per year - IG would cost £30-£40 per year, while Barclays would cost £60 per year.

12 trades per year - IG would cost £96 per year, while Barclays would cost £102 per year.

36 trades per year - IG would cost £108 per year, while Barclays would cost £246 per year.

120 trades per year - IG would cost £360 per year, while Barclays would cost £750 per year.

3 fund trades per year - IG would cost £24 per year, while Barclays would cost £59 per year.

Which broker offers a wider range of investment options?

IG offers investors access to ISA, SIPP, Share Trading, CFD Trading, ETFs, Investment Trusts and Spread Betting, while Barclays offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts and Advisor Services, neither have Crypto Trading. Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which broker offers better research?

Our testing concluded that IG is better for research than Barclays. IG offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both IG and Barclays, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, IG offers a better share dealing platform and IG offers a better stock app for mobile trading.

Overall winner: IG

Read Next: Best UK Trading Platforms 2022


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