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IG vs Halifax 2020

Your capital is at risk.
Is Halifax better than IG? After scoring UK share dealing accounts on over 40 different variables, 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.

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
£3 to £8 £12.50
Share Trading: 10-19 Deals/ Month
£3.00 £12.50
Share Trading: 20+ Deals/ Month
£3.00 £12.50
Annual Custody Fee: £0 - £250,000*
£96 (can reduce by trading) 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
30 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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Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing 12 different share dealing accounts for buying shares online in the UK. In total, 46 individual variables were assessed. For this review, we will compare Halifax vs IG.

Which broker is cheaper: Halifax or IG?

It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. IG received a rating of 4.50 stars over Halifax's 3.00 stars.

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

1 Trade Per Month - IG only charges £96 while Halifax charges £150.

3 Trades Per Month - IG is cheaper under this scenario. IG would cost £108 while Halifax would cost £450.

10 Trades Per Month - IG is the cheaper option. Fees with IG would be £360 while fees with Halifax would be £1500.

20 Trades Per Month - IG costs less in this case. IG charges £720 while Halifax charges £3000.

The annual management fee for each broker, which is a percentage of total assets, is as follows under a £30,000 portfolio Halifax charges 0% while IG charges £96 (can reduce by trading).

Does Halifax or IG offer a wider range of investment options?

IG offers a more diverse selection of investment options than Halifax. 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.

Is Halifax or IG better for research?

Research helps traders analyze potential investments, examine market sentiment, and learn about companies on a high-level. Our testing concluded that IG is better for research than Halifax. IG offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better: Halifax or IG?

To compare the trading platforms of both Halifax and IG, we tested each broker's trading tools. Overall, IG offers a better experience. Looking at charting, IG offers its clients access to 19 charting tools while Halifax has 17 charting tools, a difference of 2. Halifax offers its clients access to 91 different indicators (for example, volume) while IG has 30 available indicators, a difference of 61.

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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