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IG vs eToro 2021

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. IG stands out as a top U.K. broker, thanks largely to its excellent online trading platform. Rates are relatively low, trading tools and research are outstanding, and the platform and mobile apps are easy to use.


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Overall Rating

Feature IG eToro
Overall 4.5 4
Commissions & Fees 4.5 4
Offering of Investments 4.5 3.5
Platform & Tools 4.5 3.5
Research 4 3
Education 4 3
IG Review eToro Review
Winner check_circle

Trading Fees

Feature IG eToro
Minimum Deposit
£0.00 37 (USD50)
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

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
31 66
Charting - Drawing Tools
19 13
Charting - Notes
Yes No
Charting - Display Corporate Events
Yes No
Charting - Stock Overlays
Yes Yes

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

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 No
Advisor Services
No No

Education

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

Overall

Feature IG eToro
Overall 4.5 4
Commissions & Fees 4.5 4
Offering of Investments 4.5 3.5
Platform & Tools 4.5 3.5
Research 4 3
Education 4 3
IG Review eToro Review
Winner check_circle

For our 2021 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 - IG is cheaper. IG would only cost £96 each year while eToro would cost £154.

3 Trades Per Month - IG is less expensive under this scenario. IG would cost £108 per year while eToro would cost £154.

10 Trades Per Month - eToro is the better choice. Annual fees with eToro would total £154, while annual fees with IG would be £360.

20 Trades Per Month - IG costs less in this scenario. Total annual costs with IG would equal £24, while eToro would equal £154.

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 winner: IG

Read Next: Best UK Trading Platforms 2021


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All pricing data was obtained from a published web site as of 10/22/2021 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK 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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