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DEGIRO vs Interactive Investor 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is DEGIRO better than Interactive Investor? 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 RatingDEGIROInteractive InvestorIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees5 Stars4 Stars4.5 Stars
Offering of Investments3.5 Stars4.5 Stars4.5 Stars
Mobile Trading3.5 Stars3 Stars4.5 Stars
Platforms & Tools3 Stars3 Stars4.5 Stars
Research2.5 Stars3.5 Stars4 Stars
Ease of Use3.5 Stars3.5 Stars5 Stars
Education3 Stars3.5 Stars5 Stars
ReviewDEGIRO ReviewInteractive Investor ReviewIG Review
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InvestmentsDEGIROInteractive InvestorIG
ISANoYesYes
SIPPNoYesYes
Share TradingYesYesYes
CFD TradingNoNoYes
FundsYesYesNo
ETFsYesYesYes
Bonds - CorporateYesYesNo
Bonds - Government (Gilts)YesYesNo
Investment TrustsYesYesYes
Spread BettingNoNoYes
Crypto TradingNoNoNo
Advisor ServicesNoNoNo
Trading FeesDEGIROInteractive InvestorIG
Minimum Deposit£0.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£1.75 + £1 handling fee£5.99 (Investor Plan)£3 to £8
Share Trading: 10-19 Deals/ Month£1.75 + £1 handling fee£3.99 (Super Investor Plan)£3
Share Trading: 20+ Deals/ Month£1.75 + £1 handling fee£3.99 (Super Investor Plan)£3
5 trades per year (£30k portfolio)£13.75£119.88£30-£40
12 trades per year (£30k portfolio)£33£119.88£96
36 trades per year (£30k portfolio)£99£263.64 (investor) 287.76 (super investor)£108
120 trades per year (£30k portfolio)£330£766.8 (investor) 622.92 (super investor)£360
3 fund trades per year (£30k portfolio)£67.5£119.88£24
Annual Custody Fee: £0 - £250,0000.20%£119.88 (Investor Plan - £9.99 monthly)£96 (can reduce by trading)
Annual Custody Fee: £250K-£500K0.20%£119.88£96
Annual Custody Fee: £500,000 - £1m0.20%£119.88£96
Annual Custody Fee: £1m and over0.20%£119.88£96
Bonds - Corporate - Fee€ 2.00 + €1 handling fee£40 (when trade value is above £100,000)N/A
Bonds - Government (Gilts) - Fee€ 2.00 + 0.06% (most of EU), € 5.00 + 0.05% (Germany)£40 (when trade value is above £100,000)N/A
ETFs - Fee€2 + 0.03% £5.99 (Investor Plan)£8
Investment Trusts - Fee€ 2.00 + €1 handling fee£5.99 (Investor Plan)£8
Telephone Dealing Fee£8.50 surcharge £1.75 + £1 handling fee£49£40-£50
Platforms & ToolsDEGIROInteractive InvestorIG
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsNoYesYes
Charting - Indicators / Studies1310433
Charting - Drawing Tools91619
Charting - NotesYesNoYes
Charting - Display Corporate EventsYesYesYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchDEGIROInteractive InvestorIG
Research - SharesYesYesYes
Research - CFDsNoNoYes
Research - FundsYesYesYes
Fund Research - Research ReportsNoYesNo
Research - ETFsNoYesYes
Research - BondsNoNoNo
Portfolio Allocation BreakdownNoYesNo
EducationDEGIROInteractive InvestorIG
Has Education - Share TradingYesYesYes
Has Education - FundsNoYesYes
Has Education - RetirementNoYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)NoNoYes
Overall SummaryDEGIROInteractive InvestorIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees5 Stars4 Stars4.5 Stars
Offering of Investments3.5 Stars4.5 Stars4.5 Stars
Mobile Trading3.5 Stars3 Stars4.5 Stars
Platforms & Tools3 Stars3 Stars4.5 Stars
Research2.5 Stars3.5 Stars4 Stars
Ease of Use3.5 Stars3.5 Stars5 Stars
Education3 Stars3.5 Stars5 Stars
ReviewDEGIRO ReviewInteractive Investor ReviewIG Review
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DEGIRO vs Interactive Investor Comparison

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

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 - DEGIRO would cost £13.75 per year, while Interactive Investor would cost £119.88 per year.

12 trades per year - DEGIRO would cost £33 per year, while Interactive Investor would cost £119.88 per year.

36 trades per year - DEGIRO would cost £99 per year, while Interactive Investor would cost £263.64 (investor) 287.76 (super investor) per year.

120 trades per year - DEGIRO would cost £330 per year, while Interactive Investor would cost £766.8 (investor) 622.92 (super investor) per year.

3 fund trades per year - DEGIRO would cost £67.5 per year, while Interactive Investor would cost £119.88 per year.

Which broker offers a wider range of investment options?

DEGIRO offers investors access to Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, while Interactive Investor offers investors access to ISA, SIPP, Share Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts) and Investment Trusts, neither have CFD Trading, Spread Betting, 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 Interactive Investor. IG offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both DEGIRO and Interactive Investor, 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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