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IG vs eToro 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

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.

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Overall RatingIGeToroInteractive Brokers
Overall Rating5 Stars4 Stars4.5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Offering of Investments4.5 Stars3.5 Stars4.5 Stars
Mobile Trading4.5 Stars3.5 Stars4.5 Stars
Platforms & Tools4.5 Stars3.5 Stars4.5 Stars
Research4 Stars3 Stars5 Stars
Ease of Use5 Stars4 Stars4 Stars
Education5 Stars3.5 Stars3.5 Stars
ReviewIG RevieweToro ReviewInteractive Brokers Review
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InvestmentsIGeToroInteractive Brokers
ISAYesNoYes
SIPPYesNoYes
Share TradingYesYesYes
CFD TradingYesYesYes
FundsNoNoYes
ETFsYesYesYes
Bonds - CorporateNoNoYes
Bonds - Government (Gilts)NoNoYes
Investment TrustsYesNoYes
Spread BettingYesNoYes
Crypto TradingNoYesYes
Advisor ServicesNoNoNo
Trading FeesIGeToroInteractive 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)£24N/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 - FeeN/AN/A0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)
Bonds - Government (Gilts) - FeeN/AN/A0.1% (2 euro min)
ETFs - Fee£8£0 (Other Fees Apply)£3
Investment Trusts - Fee£8N/A£4.95
Telephone Dealing Fee£40-£50N/A30 USD
Platforms & ToolsIGeToroInteractive Brokers
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies336698
Charting - Drawing Tools191384
Charting - NotesYesNoYes
Charting - Display Corporate EventsYesNoYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchIGeToroInteractive Brokers
Research - SharesYesYesYes
Research - CFDsYesNoYes
Research - FundsYesNoYes
Fund Research - Research ReportsNoNoNo
Research - ETFsYesYesYes
Research - BondsNoNoYes
Portfolio Allocation BreakdownNoYesYes
EducationIGeToroInteractive Brokers
Has Education - Share TradingYesYesYes
Has Education - FundsYesNoNo
Has Education - RetirementYesNoYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Overall SummaryIGeToroInteractive Brokers
Overall Rating5 Stars4 Stars4.5 Stars
Commissions & Fees4.5 Stars4 Stars4.5 Stars
Offering of Investments4.5 Stars3.5 Stars4.5 Stars
Mobile Trading4.5 Stars3.5 Stars4.5 Stars
Platforms & Tools4.5 Stars3.5 Stars4.5 Stars
Research4 Stars3 Stars5 Stars
Ease of Use5 Stars4 Stars4 Stars
Education5 Stars3.5 Stars3.5 Stars
ReviewIG RevieweToro ReviewInteractive Brokers Review
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IG vs eToro Comparison

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

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, 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.

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 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.

Which broker offers better research?

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.

Which trading platform is better?

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


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