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Interactive Brokers vs Fineco Bank 2022

StockBrokers.com

Written by StockBrokers.com

November 17, 2022

Is Interactive Brokers better than Fineco Bank? 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 RatingInteractive BrokersFineco BankIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars5 Stars4.5 Stars
Offering of Investments4.5 Stars4 Stars4.5 Stars
Mobile Trading4.5 Stars4 Stars4.5 Stars
Platforms & Tools4.5 Stars3.5 Stars4.5 Stars
Research5 Stars3.5 Stars4 Stars
Ease of Use4 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
ReviewInteractive Brokers ReviewFineco Bank ReviewIG Review
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InvestmentsInteractive BrokersFineco BankIG
ISAYesYesYes
SIPPYesNoYes
Share TradingYesYesYes
CFD TradingYesYesYes
FundsYesYesNo
ETFsYesYesYes
Bonds - CorporateYesYesNo
Bonds - Government (Gilts)YesYesNo
Investment TrustsYesNoYes
Spread BettingYesNoYes
Crypto TradingYesNoNo
Advisor ServicesNoNoNo
Trading FeesInteractive BrokersFineco BankIG
Minimum Deposit£0.0£0.0£0.0
Share Trading: 0-9 Deals/ Month£3£2.95£3 to £8
Share Trading: 10-19 Deals/ Month£3£2.95£3
Share Trading: 20+ Deals/ Month£3£2.95£3
5 trades per year (£30k portfolio)£15£75£30-£40
12 trades per year (£30k portfolio)£36£35.4£96
36 trades per year (£30k portfolio)£108£106.2£108
120 trades per year (£30k portfolio)£360£354£360
3 fund trades per year (£30k portfolio)£24.75£14.75£24
Annual Custody Fee: £0 - £250,0000%0.25%£96 (can reduce by trading)
Annual Custody Fee: £250K-£500K0%0.15%£96
Annual Custody Fee: £500,000 - £1m0%0.15%£96
Annual Custody Fee: £1m and over0%0.05%£96
Bonds - Corporate - Fee0.1% (for <10,000 EUR) 0.025% (for >10,000 EUR)£6.95N/A
Bonds - Government (Gilts) - Fee0.1% (2 euro min)£6.95N/A
ETFs - Fee£3£2.95£8
Investment Trusts - Fee£4.95N/A£8
Telephone Dealing Fee30 USDN/A£40-£50
Platforms & ToolsInteractive BrokersFineco BankIG
Web PlatformYesYesYes
iPhone AppYesYesYes
Android AppYesYesYes
Stock AlertsYesYesYes
Charting - Indicators / Studies982233
Charting - Drawing Tools84319
Charting - NotesYesNoYes
Charting - Display Corporate EventsYesYesYes
Charting - Stock OverlaysYesYesYes
Charting - Index OverlaysYesYesYes
ResearchInteractive BrokersFineco BankIG
Research - SharesYesYesYes
Research - CFDsYesNoYes
Research - FundsYesYesYes
Fund Research - Research ReportsNoNoNo
Research - ETFsYesYesYes
Research - BondsYesYesNo
Portfolio Allocation BreakdownYesYesNo
EducationInteractive BrokersFineco BankIG
Has Education - Share TradingYesNoYes
Has Education - FundsNoNoYes
Has Education - RetirementYesNoYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Overall SummaryInteractive BrokersFineco BankIG
Overall Rating4.5 Stars4.5 Stars5 Stars
Commissions & Fees4.5 Stars5 Stars4.5 Stars
Offering of Investments4.5 Stars4 Stars4.5 Stars
Mobile Trading4.5 Stars4 Stars4.5 Stars
Platforms & Tools4.5 Stars3.5 Stars4.5 Stars
Research5 Stars3.5 Stars4 Stars
Ease of Use4 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
ReviewInteractive Brokers ReviewFineco Bank ReviewIG Review
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Interactive Brokers vs Fineco Bank Comparison

For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare Interactive Brokers vs Fineco Bank.

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, Fineco Bank offers better pricing than Interactive Brokers 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 - Interactive Brokers would cost £15 per year, while Fineco Bank would cost £75 per year.

12 trades per year - Interactive Brokers would cost £36 per year, while Fineco Bank would cost £35.4 per year.

36 trades per year - Interactive Brokers would cost £108 per year, while Fineco Bank would cost £106.2 per year.

120 trades per year - Interactive Brokers would cost £360 per year, while Fineco Bank would cost £354 per year.

3 fund trades per year - Interactive Brokers would cost £24.75 per year, while Fineco Bank would cost £14.75 per year.

Which broker offers a wider range of investment options?

Interactive Brokers offers investors access to ISA, SIPP, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate, Bonds - Government (Gilts), Investment Trusts, Spread Betting and Crypto Trading, while Fineco Bank offers investors access to ISA, Share Trading, CFD Trading, Funds, ETFs, Bonds - Corporate and Bonds - Government (Gilts), neither have 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 Interactive Brokers and Fineco Bank, 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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