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IG vs DEGIRO 2023

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is IG better than DEGIRO? After scoring the best share dealing accounts across 46 different variables, IG is better than DEGIRO. 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 RatingIGDEGIRO
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Research 4/5 Stars 2.5/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Review IG Review DEGIRO Review
Winner check_circle
InvestmentsIGDEGIRO
ISA Yes No
SIPP Yes No
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 No
Trading FeesIGDEGIRO
Minimum Deposit £0.0 £0.0
Share Trading: 0-9 Deals/ Month £3 to £8 £1.75 + £1 handling fee
Share Trading: 10-19 Deals/ Month £3 £1.75 + £1 handling fee
Share Trading: 20+ Deals/ Month £3 £1.75 + £1 handling fee
5 trades per year (£30k portfolio) £30-£40 £13.75
12 trades per year (£30k portfolio) £96 £33
36 trades per year (£30k portfolio) £108 £99
120 trades per year (£30k portfolio) £360 £330
3 fund trades per year (£30k portfolio) £24 £67.5
Annual Custody Fee: £0 - £250,000 £96 (can reduce by trading) 0.20%
Annual Custody Fee: £250K-£500K £96 0.20%
Annual Custody Fee: £500,000 - £1m £96 0.20%
Annual Custody Fee: £1m and over £96 0.20%
Bonds - Corporate - Fee N/A € 2.00 + €1 handling fee
Bonds - Government (Gilts) - Fee N/A € 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)
ETFs - Fee £8 €2 + 0.03%
Investment Trusts - Fee £8 € 2.00 + €1 handling fee
Telephone Dealing Fee £40-£50 £8.50 surcharge £1.75 + £1 handling fee
Platforms & ToolsIGDEGIRO
Web Platform Yes Yes
iPhone App Yes Yes
Android App Yes Yes
Stock Alerts Yes No
Charting - Indicators / Studies 33 13
Charting - Drawing Tools 19 9
Charting - Notes Yes Yes
Charting - Display Corporate Events Yes Yes
Charting - Stock Overlays Yes Yes
Charting - Index Overlays Yes Yes
ResearchIGDEGIRO
Research - Shares Yes Yes
Research - CFDs Yes No
Research - Funds Yes Yes
Fund Research - Research Reports No No
Research - ETFs Yes No
Research - Bonds No No
Portfolio Allocation Breakdown No No
EducationIGDEGIRO
Has Education - Share Trading Yes Yes
Has Education - Funds Yes No
Has Education - Retirement Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Overall SummaryIGDEGIRO
Overall Rating 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Offering of Investments 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4.5/5 Stars 3/5 Stars
Research 4/5 Stars 2.5/5 Stars
Ease of Use 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 3/5 Stars
Review IG Review DEGIRO Review
Winner check_circle
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IG vs DEGIRO Comparison

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

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, DEGIRO offers better pricing than IG 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 DEGIRO would cost £13.75 per year.

12 trades per year - IG would cost £96 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 £24 per year, while DEGIRO would cost £67.5 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 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.

Which broker offers better research?

Our testing concluded that IG is better for research than DEGIRO. 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 DEGIRO, 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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