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IG vs Halifax 2020

Your capital is at risk.
Is Halifax better than IG? After ranking 12 UK brokerages who all offer share dealing in our 2019 review, IG is better than Halifax. IG delivers a winning share dealing experience by combining excellent trading tools and competitive commissions (£5.00 - £8.00 per trade) with a user-friendly mobile app. Our testing found that IG excels with its trading platform, which includes 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 Halifax
Overall 4.5 3.5
IG Review Halifax Review

Trading Fees

Feature IG Halifax
Share Trading: 0-9 Deals/ Month
£8.00 £12.50
Share Trading: 10-19 Deals/ Month
£5.00 £12.50
Share Trading: 20+ Deals/ Month
£5.00 £12.50
Annual Custody Fee: £0 - £250,000*
£96.00 £0
Bonds - Government (Gilts) - Fee
N/A £25.00
ETFs - Fee
£8.00 £12.50
Investment Trusts - Fee
£8.00 £12.50
Telephone Dealing Fee*
£40.00 £25.00
Commissions & Fees 4.5 3
Winner check_circle

Platforms & Tools

Feature IG Halifax
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
28 91
Charting - Drawing Tools
19 17
Charting - Notes
Yes No
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
Yes No
Platform & Tools 4.5 3.5
Winner check_circle

Research

Feature IG Halifax
Research - Shares
Yes Yes
Research - CFDs
No 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 4
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Investments

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

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

Overall

Feature IG Halifax
IG Review Halifax Review
Overall 4.5 3.5
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To find a right broker for share dealing, we spent seven months and hundreds of hours of assessing 12 different share dealing brokers based in the UK. Here, we will focus on two brokers and compare Halifax vs IG.

Our comparison begins with the fees charged for dealing shares in the UK and being a client. The two main charges to focus on include the cost to place each trade alongside the monthly, quarterly, or annual management fee charged (varies depending on the type and size of your portfolio). We researched both to provide a single star rating for cost. IG is a better option with a 4.50 star rating over Halifax's 3.00 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - If you make 1 trade a month, or 12 per year, the fees with IG wold be £96 and the fees with Halifax would be £150.

Scenario 2 - 3 trades per month, for a total of 36 trades per year. Halifax would charge £450 while IG would charge £288.

Scenario 3 - 10 trades per month, for a total of 120 trades per year. IG would charge £600 while Halifax would charge £1500.

Scenario 4 - 20 trades per month, for a total of 240 trades per year. Halifax would charge £3000 while IG would charge £1200.

Account charges aside, we can now compare features and tools investors want in their share dealing accounts. Access to the investments is important, and Halifax supports ISA and SIPP while IG supports ISA, SIPP and Spread Betting. Also, some investors require a high-quality charting experience, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. Halifax trails IG by 2 total charting tools, with IG offering 19 and Halifax offering 17. IG trails Halifax by 63 total different indicators (for example, moving averages), with Halifax offering 91 and IG offering 28. Both Halifax and IG offer basic stock alerts. Lastly, for researching mutual funds while share dealing, being able to view a research report can be helpful. Neither Halifax and IG offer fund research reports.

Overall, between Halifax and IG, IG is the winner.

Halifax Review
IG Review


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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