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IG vs eToro 2020

Your capital is at risk.
Is eToro better than IG? After scoring the best share dealing accounts across 46 different variables, IG is better than eToro . Depending on trading frequency, IG can quickly become one of the cheapest share dealing options available, offering trades that range between £3 - £8 for UK markets, and £0 - £10 for U.S. markets. Our testing found that IG, our top broker for share dealing in 2020, excels with its trading platform, featuring excellent charting, screening, and technical analysis features.

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Overall Rating

Feature IG eToro
Overall 4.5 3.5
IG Review eToro Review

Trading Fees

Feature IG eToro
Share Trading: 0-9 Deals/ Month
£3 to £8 £0 (Other Fees Apply)
Share Trading: 10-19 Deals/ Month
£3.00 £0 (Other Fees Apply)
Share Trading: 20+ Deals/ Month
£3.00 £0 (Other Fees Apply)
Annual Custody Fee: £0 - £250,000
£96 (can reduce by trading) £0 (Other Fees Apply)
Bonds - Government (Gilts) - Fee
N/A N/A
ETFs - Fee
£8.00 £0 (Other Fees Apply)
Investment Trusts - Fee
£8.00 N/A
Telephone Dealing Fee
£40.00 N/A
Commissions & Fees 4.5 4
Winner check_circle

Platforms & Tools

Feature IG eToro
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
30 66
Charting - Drawing Tools
19 13
Charting - Notes
Yes No
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes Yes
Platform & Tools 4.5 3.5
Winner check_circle

Research

Feature IG eToro
Research - Shares
Yes Yes
Research - CFDs
Yes No
Research - Funds
Yes No
Fund Research - Research Reports
No No
Research - ETFs
Yes No
Research - Bonds
No No
Portfolio Allocation Breakdown
No Yes
Research 4 3.5
Winner check_circle

Investments

Feature IG eToro
Share Trading
Yes Yes
CFD Trading
Yes Yes
Funds
Yes No
ETFs
Yes Yes
Bonds - Corporate
No No
Bonds - Government (Gilts)
No No
Investment Trusts
Yes No
Spread Betting
Yes Yes
Advisor Services
No No
Offering of Investments 4.5 3.5
Winner check_circle

Education

Feature IG eToro
Has Education - Share Trading
Yes Yes
Has Education - Funds
No No
Has Education - Retirement
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Education 4 3

Overall

Feature IG eToro
IG Review eToro Review
Overall 4.5 3.5
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare eToro vs IG.

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 eToro 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.

1 Trade Per Month - eToro is cheaper. eToro would only cost £75 each year while IG would cost £96.

3 Trades Per Month - eToro is less expensive under this scenario. eToro would cost £75 per year while IG would cost £108.

10 Trades Per Month - eToro is the better choice. Annual fees with eToro would total £75, while annual fees with IG would be £360.

20 Trades Per Month - eToro costs less in this scenario. Total annual costs with eToro would equal £75, while IG would equal £720.

Which broker offers a wider range of investment options?

IG offers a more diverse selection of investment options than eToro . IG offers investors access to ETFs, Funds, ISA, SIPP and Share 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 platform offers better research?

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

Which trading platform is better?

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

Overall, between eToro and IG, IG is the winner.

eToro Review
IG Review

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All pricing data was obtained from a published web site as of 01/15/2020 and is believed to be accurate, but is not guaranteed. The UK.StockBrokers.com staff is constantly working with its online broker representatives to obtain the latest pricing data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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