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IG vs Halifax 2020
Your capital is at risk.
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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 | ||
| IG Review | Halifax Review |
Trading Fees
| Feature | IG | Halifax |
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Share Trading: 0-9 Deals/ Month |
£8.00 | £12.50 |
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Share Trading: 10-19 Deals/ Month |
£5.00 | £12.50 |
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Share Trading: 20+ Deals/ Month |
£5.00 | £12.50 |
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Annual Custody Fee: £0 - £250,000* |
£96.00 | £0 |
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Bonds - Government (Gilts) - Fee |
N/A | £25.00 |
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ETFs - Fee |
£8.00 | £12.50 |
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Investment Trusts - Fee |
£8.00 | £12.50 |
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Telephone Dealing Fee* |
£40.00 | £25.00 |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | IG | Halifax |
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Desktop Platform (Windows) |
Yes | No |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | No |
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Android App |
Yes | No |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
28 | 91 |
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Charting - Drawing Tools |
19 | 17 |
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Charting - Notes |
Yes | No |
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Charting - Display Corporate Events |
Yes | Yes |
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Charting - Stock Overlays |
Yes | No |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | IG | Halifax |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
No | No |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | No |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
No | Yes |
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Portfolio Allocation Breakdown |
No | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | IG | Halifax |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | No |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
No | Yes |
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Bonds - Government (Gilts) |
No | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
Yes | No |
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Advisor Services |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | IG | Halifax |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | Yes |
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Has Education - Retirement |
No | Yes |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
| Education |
Overall
| Feature | IG | Halifax |
| IG Review | Halifax Review | |
| Overall | ||
| Winner | check_circle |
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.
