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IG vs Interactive Brokers 2021

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Is IG better than Interactive Brokers? After scoring the best share dealing accounts across 46 different variables, IG is better than Interactive Brokers. IG stands out as a top U.K. broker, thanks largely to its excellent online trading platform. Rates are relatively low, trading tools and research are outstanding, and the platform and mobile apps are easy to use.


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Overall Rating

Feature IG Interactive Brokers
Overall 4.5 4.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 4.5
Platform & Tools 4.5 4.5
Research 4 4.5
Education 4 3.5
IG Review Interactive Brokers Review
Winner check_circle

Trading Fees

Feature IG Interactive Brokers
Minimum Deposit
£0.00 £0.00
Share Trading: 0-9 Deals/ Month
£3 to £8 £3.00
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%
Bonds - Government (Gilts) - Fee
N/A 0.1% (2Euro min)
ETFs - Fee
£8.00 £3.00
Investment Trusts - Fee
£8.00 £4.95
Telephone Dealing Fee
£40.00 £25.00

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
31 98
Charting - Drawing Tools
19 84
Charting - Notes
Yes Yes
Charting - Display Corporate Events
Yes Yes
Charting - Stock 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

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

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 4.5 4.5
Commissions & Fees 4.5 4.5
Offering of Investments 4.5 4.5
Platform & Tools 4.5 4.5
Research 4 4.5
Education 4 3.5
IG Review Interactive Brokers Review
Winner check_circle

For our 2021 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, 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 2021


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All pricing data was obtained from a published web site as of 10/22/2021 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.

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