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IG vs Interactive Brokers 2020
Your capital is at risk.
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Low-cost US and UK shares. Foreign exchange fee of just 0.5% Visit Site
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Overall Rating
| Feature | IG | Interactive Brokers |
| Overall | ||
| IG Review | Interactive Brokers Review |
Trading Fees
| Feature | IG | Interactive Brokers |
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Share Trading: 0-9 Deals/ Month |
£3 to £8 | (trade value x .0005) |
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Share Trading: 10-19 Deals/ Month |
£3.00 | (trade value x .0005) |
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Share Trading: 20+ Deals/ Month |
£3.00 | (trade value x .0005) |
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Annual Custody Fee: £0 - £250,000 |
£96 (can reduce by trading) | 0% |
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Bonds - Government (Gilts) - Fee |
N/A | 0.1% (2Euro min) |
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ETFs - Fee |
£8.00 | (trade value x .0005) |
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Investment Trusts - Fee |
£8.00 | £4.95 |
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Telephone Dealing Fee |
£40.00 | N/A |
| Commissions & Fees | ||
| Winner | check_circle |
Platforms & Tools
| Feature | IG | Interactive Brokers |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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iPhone App |
Yes | Yes |
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Android App |
Yes | Yes |
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Stock Alerts |
Yes | Yes |
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Charting - Indicators / Studies |
30 | 137 |
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Charting - Drawing Tools |
19 | 9 |
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Charting - Notes |
Yes | Yes |
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Charting - Display Corporate Events |
Yes | Yes |
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Charting - Stock Overlays |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Research
| Feature | IG | Interactive Brokers |
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Research - Shares |
Yes | Yes |
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Research - CFDs |
Yes | Yes |
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Research - Funds |
Yes | Yes |
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Fund Research - Research Reports |
No | No |
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Research - ETFs |
Yes | Yes |
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Research - Bonds |
No | Yes |
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Portfolio Allocation Breakdown |
No | Yes |
| Research | ||
| Winner | check_circle |
Investments
| Feature | IG | Interactive Brokers |
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Share Trading |
Yes | Yes |
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CFD Trading |
Yes | Yes |
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Funds |
Yes | Yes |
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ETFs |
Yes | Yes |
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Bonds - Corporate |
No | Yes |
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Bonds - Government (Gilts) |
No | Yes |
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Investment Trusts |
Yes | Yes |
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Spread Betting |
Yes | Yes |
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Advisor Services |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Education
| Feature | IG | Interactive Brokers |
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Has Education - Share Trading |
Yes | Yes |
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Has Education - Funds |
No | No |
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Has Education - Retirement |
No | Yes |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
| Education |
Overall
| Feature | IG | Interactive Brokers |
| IG Review | Interactive Brokers Review | |
| Overall | ||
| 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 ReviewInteractive 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.
