Written by StockBrokers.com
Is IG better than eToro? After scoring the best share dealing accounts across 46 different variables, IG is better than Interactive Brokers. 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.
Professional’s Gateway to the World’s Markets.
Visit Site(Your capital is at risk)
| Overall Rating | IG | eToro | Interactive Brokers |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | IG Review | eToro Review | Interactive Brokers Review |
| Winner | check_circle |
| Investments | IG | eToro | Interactive Brokers |
|---|---|---|---|
| ISA | Yes | No | Yes |
| SIPP | Yes | No | Yes |
| Share Trading | Yes | Yes | Yes |
| CFD Trading | Yes | Yes | Yes |
| Funds | No | No | Yes |
| ETFs | Yes | Yes | Yes |
| Bonds - Corporate | No | No | Yes |
| Bonds - Government (Gilts) | No | No | Yes |
| Investment Trusts | Yes | No | Yes |
| Spread Betting | Yes | No | Yes |
| Crypto Trading | No | Yes | Yes |
| Advisor Services | No | No | No |
| Trading Fees | IG | eToro | Interactive Brokers |
|---|---|---|---|
| Minimum Deposit | £0.0 | £10.0 | £0.0 |
| Share Trading: 0-9 Deals/ Month | £3 to £8 | £0 (Other Fees Apply) | £3 |
| Share Trading: 10-19 Deals/ Month | £3 | £0 (Other Fees Apply) | £3 |
| Share Trading: 20+ Deals/ Month | £3 | £0 (Other Fees Apply) | £3 |
| 5 trades per year (£30k portfolio) | £30-£40 | £154 | £15 |
| 12 trades per year (£30k portfolio) | £96 | £154 | £36 |
| 36 trades per year (£30k portfolio) | £108 | £154 | £108 |
| 120 trades per year (£30k portfolio) | £360 | £154 | £360 |
| 3 fund trades per year (£30k portfolio) | £24 | N/A | £24.75 |
| Annual Custody Fee: £0 - £250,000 | £96 (can reduce by trading) | £0 (Other Fees Apply) | 0% |
| Annual Custody Fee: £250K-£500K | £96 | £0 (Other Fees Apply) | 0% |
| Annual Custody Fee: £500,000 - £1m | £96 | £0 (Other Fees Apply) | 0% |
| Annual Custody Fee: £1m and over | £96 | £0 (Other Fees Apply) | 0% |
| Bonds - Corporate - Fee | N/A | N/A | 0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR) |
| Bonds - Government (Gilts) - Fee | N/A | N/A | 0.1% (2 euro min) |
| ETFs - Fee | £8 | £0 (Other Fees Apply) | £3 |
| Investment Trusts - Fee | £8 | N/A | £4.95 |
| Telephone Dealing Fee | £40-£50 | N/A | 30 USD |
| Platforms & Tools | IG | eToro | Interactive Brokers |
|---|---|---|---|
| Web Platform | Yes | Yes | Yes |
| iPhone App | Yes | Yes | Yes |
| Android App | Yes | Yes | Yes |
| Stock Alerts | Yes | Yes | Yes |
| Charting - Indicators / Studies | 33 | 66 | 98 |
| Charting - Drawing Tools | 19 | 13 | 84 |
| Charting - Notes | Yes | No | Yes |
| Charting - Display Corporate Events | Yes | No | Yes |
| Charting - Stock Overlays | Yes | Yes | Yes |
| Charting - Index Overlays | Yes | Yes | Yes |
| Research | IG | eToro | Interactive Brokers |
|---|---|---|---|
| Research - Shares | Yes | Yes | Yes |
| Research - CFDs | Yes | No | Yes |
| Research - Funds | Yes | No | Yes |
| Fund Research - Research Reports | No | No | No |
| Research - ETFs | Yes | Yes | Yes |
| Research - Bonds | No | No | Yes |
| Portfolio Allocation Breakdown | No | Yes | Yes |
| Education | IG | eToro | Interactive Brokers |
|---|---|---|---|
| Has Education - Share Trading | Yes | Yes | Yes |
| Has Education - Funds | Yes | No | No |
| Has Education - Retirement | Yes | No | Yes |
| Client Webinars | Yes | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes | Yes |
| Overall Summary | IG | eToro | Interactive Brokers |
|---|---|---|---|
| Overall Rating | |||
| Commissions & Fees | |||
| Offering of Investments | |||
| Mobile Trading | |||
| Platforms & Tools | |||
| Research | |||
| Ease of Use | |||
| Education | |||
| Review | IG Review | eToro Review | Interactive Brokers Review |
| Winner | check_circle |
For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs eToro.
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, Interactive Brokers 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 eToro would cost £154 per year.
12 trades per year - IG would cost £96 per year, while eToro would cost £154 per year.
36 trades per year - IG would cost £108 per year, while eToro would cost £154 per year.
120 trades per year - IG would cost £360 per year, while eToro would cost £154 per year.
3 fund trades per year - IG would cost £24 per year, while eToro would cost N/A per year.
IG offers investors access to ISA, SIPP, Share Trading, CFD Trading, ETFs, Investment Trusts and Spread Betting, while eToro offers investors access to Share Trading, CFD Trading, ETFs and Crypto Trading, neither have Funds, Bonds - Corporate, Bonds - Government (Gilts) 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.
Our testing concluded that Interactive Brokers is better for research than IG. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.
To compare the trading platforms of both IG and eToro, we tested each broker's website, trading platform, trading tools and stock trading app. All features compared, Interactive Brokers offers a better share dealing platform and Interactive Brokers offers a better stock app for mobile trading.
Overall winner: IG
Read Next: Best UK Trading Platforms 2022
FinecoBank Review
Hargreaves Lansdown Review
DEGIRO Review
Saxo Markets Review
IG Group Review
Capital.com Review
eToro Review
Interactive Brokers Review
