After seven months and hundreds of hours of researching 12 different share dealing brokers
, the UK.StockBrokers.com team collected thousands of data points. To focus on two brokers, we will now compare IG Group vs Interactive Investor.
First, we will compare the fees charged for dealing in the UK. There are two primary fees: the cost to place each trade and the monthly, quarterly, or annual management fee charged which varies depending on the type and size of your portfolio. We researched both to provide a single star rating for cost. IG Group received a rating of 4.50 stars over Interactive Investor's 4.00 stars.
Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Interactive Investor supports ISA, ISA - Junior, SIPP and Spread Betting while IG Group supports ISA, SIPP and Spread Betting. Next, some traders desire robust charting, so the number of drawing tools and total technical indicators made available, as well as stock alerts, are considered. IG Group offers its clients access to 19 charting tools while Interactive Investor has 0 charting tools, a difference of 19. Interactive Investor trails IG Group by 15 total different indicators (for example, moving averages), with IG Group offering 26 and Interactive Investor offering 11. IG Group alongside Interactive Investor offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Interactive Investor makes fund research reports available to clients, while IG Group does not.
Overall, between IG Group and Interactive Investor, IG Group is the winner
IG Group Review
Interactive Investor Review