IG Group vs Halifax Review
By Steve Miley / June 19th, 2019
Is IG Group better than Halifax? After scoring UK share dealing accounts in six areas for our 2019 review, IG Group is better than Halifax. Founded in 1974 and respected as one of the most trusted brokers in the world, IG has been offering share dealing since 2014, providing traders low costs, quality trading tools, and access to over 9,000 shares across the globe.
Platforms & Tools
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. IG Group is a better option with a 4.50 star rating over Halifax's 4.00 star rating.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Halifax supports ISA and SIPP while IG Group supports ISA, SIPP and Spread Betting. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. IG Group boasts an offering of 19 charting tools compared to Halifax's 1 available charting tools. IG Group trails Halifax by 17 total different indicators (for example, moving averages), with Halifax offering 43 and IG Group offering 26. Both Halifax and IG Group offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Neither Halifax and IG Group offer fund research reports.
Overall, between Halifax and IG Group, IG Group is the winner.
IG Group Review
All pricing data was obtained from a published web site as of 01/08/18 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.