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IG vs Interactive Brokers 2022
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Overall Rating
| Feature | IG | Interactive Brokers |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| MobileTrading | ||
| Platform & Tools | ||
| Research | ||
| Ease Of Use | ||
| Education | ||
| IG Review | Interactive Brokers Review | |
| Winner | check_circle |
Investments
| Feature | IG | Interactive Brokers |
|
ISA |
Yes | Yes |
|
SIPP |
No | Yes |
|
Share Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Funds |
No | Yes |
|
ETFs |
Yes | Yes |
|
Bonds - Corporate |
No | Yes |
|
Bonds - Government (Gilts) |
No | Yes |
|
Investment Trusts |
Yes | Yes |
|
Spread Betting |
Yes | Yes |
|
Crypto Trading |
No | Yes |
|
Advisor Services |
No | No |
Trading Fees
| Feature | IG | Interactive Brokers |
|
Minimum Deposit |
£0.00 | £0.00 |
|
Share Trading: 0-9 Deals/ Month |
£3 to £8 | £3.00 |
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Share Trading: 10-19 Deals/ Month |
£3.00 | £3.00 |
|
Share Trading: 20+ Deals/ Month |
£3.00 | £3.00 |
|
Annual Custody Fee: £0 - £250,000 |
£96 (can reduce by trading) | 0% |
|
Annual Custody Fee: £500,000 - £1m |
£96.00 | 0% |
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Annual Custody Fee: £1m and over |
£96.00 | 0% |
|
Bonds - Corporate |
No | Yes |
|
Bonds - Government (Gilts) - Fee |
N/A | 0.1% (2 euro min) |
|
ETFs - Fee |
£8.00 | £3.00 |
|
Investment Trusts - Fee |
£8.00 | £4.95 |
|
Telephone Dealing Fee |
£40.00 | 30 USD |
Platforms & Tools
| Feature | IG | Interactive Brokers |
|
Web Platform |
Yes | Yes |
|
iPhone App |
Yes | Yes |
|
Android App |
Yes | Yes |
|
Stock Alerts |
Yes | Yes |
|
Charting - Indicators / Studies |
33 | 98 |
|
Charting - Drawing Tools |
19 | 84 |
|
Charting - Notes |
Yes | Yes |
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Charting - Display Corporate Events |
Yes | Yes |
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Charting - Stock Overlays |
Yes | Yes |
|
Charting - Index Overlays |
Yes | Yes |
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 |
Education
| Feature | IG | Interactive Brokers |
|
Has Education - Share Trading |
Yes | Yes |
|
Has Education - Funds |
Yes | No |
|
Has Education - Retirement |
Yes | Yes |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes |
Overall
| Feature | IG | Interactive Brokers |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| MobileTrading | ||
| Platform & Tools | ||
| Research | ||
| Ease Of Use | ||
| Education | ||
| IG Review | Interactive Brokers Review | |
| Winner | check_circle |
For our 2022 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, Interactive Brokers offers better pricing than IG 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 - Interactive Brokers is cheaper. Interactive Brokers would only cost £36 each year while IG would cost £96.
3 Trades Per Month - For accounts with £30,000 that trade three times per month, both both [Broker GT] and [Broker LT] would cost £[Variable LT] per year.
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 £15, while IG would equal £24.
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, ISA, SIPP, 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 winner: IG
Read Next: Best UK Trading Platforms 2022
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All pricing data was obtained from a published web site as of 10/04/2022 and is believed to be accurate, but is not guaranteed. The StockBrokers.com UK 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.
