Stockbrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

IG vs Interactive Brokers 2020

Your capital is at risk.
Is IG better than Interactive Brokers? After scoring the best share dealing accounts across 46 different variables, IG is better than Interactive Brokers. Depending on trading frequency, IG can quickly become one of the cheapest share dealing options available, offering trades that range between £3 - £8 for UK markets, and £0 - £10 for U.S. markets. Our testing found that IG, our top broker for share dealing in 2020, excels with its trading platform, featuring excellent charting, screening, and technical analysis features.

Trade more than 12,000 international share CFDs Visit Site
Professional’s Gateway to the World’s Markets. Visit Site
Visit Site > Visit Site >

Overall Rating

Trading Fees

Feature IG Interactive Brokers
Share Trading: 0-9 Deals/ Month
£3 to £8 (trade value x .0005)
Share Trading: 10-19 Deals/ Month
£3.00 (trade value x .0005)
Share Trading: 20+ Deals/ Month
£3.00 (trade value x .0005)
Annual Custody Fee: £0 - £250,000
£96 (can reduce by trading) 0%
Bonds - Government (Gilts) - Fee
N/A 0.1% (2Euro min)
ETFs - Fee
£8.00 (trade value x .0005)
Investment Trusts - Fee
£8.00 £4.95
Telephone Dealing Fee
£40.00 N/A
Commissions & Fees 4.5 4
Winner check_circle

Platforms & Tools

Feature IG Interactive Brokers
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
iPhone App
Yes Yes
Android App
Yes Yes
Stock Alerts
Yes Yes
Charting - Indicators / Studies
30 137
Charting - Drawing Tools
19 9
Charting - Notes
Yes Yes
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
Yes Yes
Platform & Tools 4.5 5
Winner check_circle

Research

Feature IG Interactive Brokers
Research - Shares
Yes Yes
Research - CFDs
Yes Yes
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 4.5
Winner check_circle

Investments

Feature IG Interactive Brokers
Share Trading
Yes Yes
CFD Trading
Yes Yes
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
No Yes
Bonds - Government (Gilts)
No Yes
Investment Trusts
Yes Yes
Spread Betting
Yes Yes
Advisor Services
No No
Offering of Investments 4.5 4.5
Winner check_circle

Education

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

Overall

Feature IG Interactive Brokers
IG Review Interactive Brokers Review
Overall 4.5 4.5
Winner check_circle

For our 2020 Review, we assessed the best trading platforms in the UK for online share dealing. Let's compare IG vs Interactive Brokers.

Which broker is less expensive?

Alongside the cost per trade, most UK online brokers also charge a monthly, quarterly, or annual management fee, which varies based on the account type and balance. Based on our thorough review, IG offers better pricing than Interactive Brokers for share dealing.

Assuming a £30,000 portfolio size, here are the total annual costs for share dealing with both brokers, given different monthly activity scenarios.

1 Trade Per Month - IG is cheaper. IG would only cost £96 each year while Interactive Brokers would cost £132.

3 Trades Per Month - IG is less expensive under this scenario. IG would cost £108 per year while Interactive Brokers would cost £156.

10 Trades Per Month - If you make 10 trades each month (120 trades per year), both [Broker GT] and [Broker LT] would cost [Variable GT] per year.

20 Trades Per Month - Interactive Brokers costs less in this scenario. Total annual costs with Interactive Brokers would equal £660, while IG would equal £720.

Which broker offers a wider range of investment options?

Interactive Brokers offers a more diverse selection of investment options than IG. Interactive Brokers offers investors access to ETFs, Funds, Share Trading and Bonds - Government (Gilts). Investing encompasses a wide variety of asset classes, so finding a broker that offers every investment type you are interested in is important.

Which platform offers better research?

Our testing concluded that Interactive Brokers is better for research than IG. Interactive Brokers offers more research options, including research reports, articles, and analyst ratings.

Which trading platform is better?

To compare the trading platforms of both IG and Interactive Brokers, we tested each broker's trading tools and share dealing app. All features compared, Interactive Brokers offers a better share dealing platform.

Overall, between IG and Interactive Brokers, IG is the winner.

IG Review
Interactive Brokers Review

Related Comparisons



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.

arrow_drop_upBack to top