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 Barclays 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's score is 4.50 stars versus Barclays's 3.50 stars.
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 offers clients ISA, SIPP and Spread Betting while Barclays offers ISA, SIPP, SIPP - Junior and Spread Betting. 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. IG Group boasts an offering of 19 charting tools compared to Barclays's 14 available charting tools. IG Group trails Barclays by 126 total different indicators (for example, moving averages), with Barclays offering 152 and IG Group offering 26. Both Barclays and IG Group offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither offers fund research reports.
Overall, IG Group boasts 4.50 stars versus Barclays's 4.00 stars. And, when it comes to individual category awards, IG Group was rated Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Education in 2017, while Barclays was rated Best in Class - Offering of Investments, Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Education.