Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing ten different share dealing accounts
for buying shares online in the UK. In total, 124 individual variables were assessed. For this review, we will compare Halifax vs IG Group.
To start this comparison, first, we will take a look at the fees charged for dealing in the UK. 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 Group is a better option with a 4.50 star rating over Halifax's 4.00 star rating.
Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Halifax provides its clients with ISA and SIPP while IG Group provides clients access to ISA, SIPP and Spread Betting. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. IG Group boasts an offering of 19 charting tools compared to Halifax's 1 available charting tools. Halifax offers its clients access to 43 different indicators (for example, volume) while IG Group has 26 available indicators, a difference of 17. Halifax and IG Group both offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Neither offers fund research reports.
Overall, IG Group boasts 4.50 stars versus Halifax's 3.50 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Education in 2017, while Halifax came up with Best in Class - Customer Service.