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IG vs DEGIRO 2023

StockBrokers.com

Written by StockBrokers.com

August 03, 2023

Is IG better than DEGIRO? After scoring the best share dealing accounts across 46 different variables, our analysis finds that IG is better than DEGIRO. IG is an investment platform aimed at experienced investors looking to make frequent trades on the stock market, with thousands of shares, trusts and ETFs to trade. It offers a comprehensive and easy-to-use trading platform that is used by both private and professional investors.

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Broker Screenshots IG DEGIRO
Website Gallery (click to expand)
Mobile Trading Apps Gallery (click to expand)
Education Gallery (click to expand)
Overall Rating IG DEGIRO
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 4.5/5 Stars 3.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 5/5 Stars 3/5 Stars
Ease of Use 3.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Review IG Review DEGIRO Review
Winner check_circle
Investments IG DEGIRO
ISA info Yes No
SIPP info Yes No
Share Trading info Yes Yes
CFD Trading info Yes No
Funds info No Yes
ETFs info Yes Yes
Bonds - Corporate info No Yes
Bonds - Government (Gilts) info No Yes
Investment Trusts info Yes Yes
Spread Betting info Yes No
Crypto Trading info No No
Advisor Services info No No
Trading Fees IG DEGIRO
Minimum Deposit info £0.0 £0.0
Share Trading: 0-9 Deals/ Month info £3-£8 £1.75 + £1 handling fee
Share Trading: 10-19 Deals/ Month info £3 £1.75 + £1 handling fee
Share Trading: 20+ Deals/ Month info £3 £1.75 + £1 handling fee
5 trades per year (£30k portfolio) info £136 £13.75
12 trades per year (£30k portfolio) info £192 £33
36 trades per year (£30k portfolio) info £108 £99
120 trades per year (£30k portfolio) info £360 £330
3 fund trades per year (£30k portfolio) info N/A £67.5
Annual Custody Fee: £0 - £250,000 info £0 / £96 0.20%
Annual Custody Fee: £250K-£500K info £0 0.20%
Annual Custody Fee: £500,000 - £1m info £0 0.20%
Annual Custody Fee: £1m and over info £0 0.20%
Bonds - Corporate - Fee info N/A € 2.00 + €1 handling fee
Bonds - Government (Gilts) - Fee info N/A € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)
ETFs - Fee info £3 - £8 €2 + 0.03%
Investment Trusts - Fee info £3 - £8 € 2.00 + €1 handling fee
Telephone Dealing Fee info £40-£50 £8.50 surcharge £1.75 + £1 handling fee
Platforms & Tools IG DEGIRO
Web Platform info Yes Yes
iPhone App info Yes Yes
Android App info Yes Yes
Stock Alerts info Yes No
Charting - Indicators / Studies info 33 13
Charting - Drawing Tools info 19 9
Charting - Notes info Yes Yes
Charting - Display Corporate Events info Yes Yes
Charting - Stock Overlays info No Yes
Charting - Index Overlays info No Yes
Research IG DEGIRO
Research - Shares info Yes Yes
Research - CFDs info Yes No
Research - Funds info No Yes
Fund Research - Research Reports info Yes No
Research - ETFs info Yes No
Research - Bonds info No No
Portfolio Allocation Breakdown info No No
Education IG DEGIRO
Education (Share Trading) info Yes Yes
Education (Funds) info No No
Education (Retirement) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Overall Summary IG DEGIRO
Overall Rating 4/5 Stars 4/5 Stars
Charges & Fees 4.5/5 Stars 5/5 Stars
Investment Choices 4.5/5 Stars 3.5/5 Stars
Mobile App 4.5/5 Stars 3.5/5 Stars
Website 5/5 Stars 3/5 Stars
Research [DELETED] N/A N/A
Ease of Use 3.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 3/5 Stars
Review IG Review DEGIRO Review
Winner check_circle
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Comparing online share dealing platforms side by side is no small task. For our 2023 review of U.K. brokers, nearly 600 data points were collected over a 10-week period and used to score each broker. Let’s compare IG and DEGIRO.

IG vs DEGIRO Comparison

For our 2023 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs DEGIRO.

Is IG a good broker?

IG is an investment platform aimed at experienced investors looking to make frequent trades on the stock market, with thousands of shares, trusts and ETFs to trade. It offers a comprehensive and easy-to-use trading platform that is used by both private and professional investors.

Is DEGIRO a good broker?

Despite a subpar trading platform, DEGIRO offers cheap stock trading, charging only £1.75 + a £1 handling fee per trade, with a maximum charge of £5. Fees for trading funds, however, are more costly. DEGIRO lags competitors in fundamental research and education, and does not offer ISA or SIPP accounts.

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 DEGIRO 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 £136 per year, while DEGIRO would cost £13.75 per year.

12 trades per year - IG would cost £192 per year, while DEGIRO would cost £33 per year.

36 trades per year - IG would cost £108 per year, while DEGIRO would cost £99 per year.

120 trades per year - IG would cost £360 per year, while DEGIRO would cost £330 per year.

3 fund trades per year - IG would cost £0.0 per year, while DEGIRO would cost £0.0 per year.

How do IG and DEGIRO compare in terms of minimum deposits required?

IG requires a minimum deposit of £0.0, while DEGIRO requires a minimum deposit of £0.0. From our testing we found for accounts between £0 - £250,000 IG charges annual custody fees of £0 / £96, while DEGIRO charges annual custody fees of 0.20%.

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

Do IG and DEGIRO offer ISA or SIPP accounts?

Self-invested personal pensions (SIPPs) and individual savings accounts (ISAs) are tax-advantaged savings accounts that are an important tool for many individual investors. You can read more about how these accounts operate at Gov.UK: Click here for SIPP information and here for ISA information. Our analysis finds that IG offers traders access to SIPP and ISA accounts, while DEGIRO offers traders access to neither of these accounts.

Do IG and DEGIRO offer cryptocurrency?

In our analysis of top brokers for share dealing in the U.K., we research whether each broker offers the ability to trade cash cryptocurrency, such as bitcoin and ethereum, which is still a somewhat rare offering amongst major U.K. brokers. Our review finds that neither IG nor DEGIRO offer crypto investing.

Which broker offers a better website experience?

Our testing concluded that the website of IG is better than the website of DEGIRO. IG offers more functionality, is cleanly designed, and is, overall, easier to use for beginners and casual investors.

Which stock trading app is better?

To compare the trading platforms of both IG and DEGIRO, we tested each broker's stock trading app. All features compared, our analysis finds that IG offers a better mobile app. Dive deeper: Best Stock Trading Apps UK.

Do IG and DEGIRO offer educational resources?

Educational offerings are of particular importance to those who are newer to investing, and we examine the availability of several different types of educational materials in our analysis. Our research finds that IG offers traders access to Client Webinars, Client Webinars (Archived), Education (Share Trading) and Education (Retirement), while DEGIRO offers access to Education (Share Trading). Neither have Education (Funds).

Overall winner: IG

Read Next: Best UK Trading Platforms 2023


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