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IG vs FinecoBank 2020

Your capital is at risk.
Is FinecoBank better than IG? After scoring the best share dealing accounts across 46 different variables, IG is better than FinecoBank . 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.

Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site
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Overall Rating

Feature IG FinecoBank
Overall 4.5 4
IG Review FinecoBank Review

Trading Fees

Feature IG FinecoBank
Share Trading: 0-9 Deals/ Month
£3 to £8 £2.95
Share Trading: 10-19 Deals/ Month
£3.00 £2.95
Share Trading: 20+ Deals/ Month
£3.00 £2.95
Annual Custody Fee: £0 - £250,000
£96 (can reduce by trading) 0.25%
Bonds - Government (Gilts) - Fee
N/A £6.95
ETFs - Fee
£8.00 £2.95
Investment Trusts - Fee
£8.00 N/A
Telephone Dealing Fee
£40.00 N/A
Commissions & Fees 4.5 5
Winner check_circle

Platforms & Tools

Feature IG FinecoBank
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes No
Charting - Indicators / Studies
30 24
Charting - Drawing Tools
19 2
Charting - Notes
Yes No
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 4.5 3.5
Winner check_circle

Research

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

Investments

Feature IG FinecoBank
Share Trading
Yes Yes
CFD Trading
Yes Yes
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
No Yes
Bonds - Government (Gilts)
No Yes
Investment Trusts
Yes No
Spread Betting
Yes Yes
Advisor Services
No Yes
Offering of Investments 4.5 4
Winner check_circle

Education

Feature IG FinecoBank
Has Education - Share Trading
Yes No
Has Education - Funds
No No
Has Education - Retirement
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Education 4 3.5

Overall

Feature IG FinecoBank
IG Review FinecoBank Review
Overall 4.5 4
Winner check_circle

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

1 Trade Per Month - FinecoBank is cheaper. FinecoBank would only cost £35.40 each year while IG would cost £96.00.

3 Trades Per Month - FinecoBank is less expensive under this scenario. FinecoBank would cost £106.20 per year while IG would cost £108.00.

10 Trades Per Month - FinecoBank is the better choice. Annual fees with FinecoBank would total £354, while annual fees with IG would be £360.

20 Trades Per Month - FinecoBank costs less in this scenario. Total annual costs with FinecoBank would equal £708, while IG would equal £720.

Which broker offers a wider range of investment options?

IG offers a more diverse selection of investment options than FinecoBank . 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 FinecoBank . IG offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both FinecoBank 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 FinecoBank and IG, IG is the winner.

FinecoBank 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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