Our UK.StockBrokers.com team spent seven months and hundreds of hours assessing ten different share dealing accounts
for buying shares online in the UK. In total, 124 individual variables were assessed. For this review, we will compare IG Group vs Interactive Investor.
To start this comparison, first, we will take a look at the fees charged for dealing in the UK. It's important to note that not only is there the cost to place the trade, but most share dealing brokers also charge a monthly, quarterly, or annual management fee depending on the type and size of your portfolio. We assessed both to provide a single star rating for cost. IG Group's score is 4.50 stars versus Interactive Investor's 4.00 stars.
Cost aside, we can now turn our focus to popular tools and features investors prefer in the UK. Account access is certainly at the top of the list, and Interactive Investor provides its clients with ISA, ISA - Junior, SIPP and Spread Betting while IG Group provides clients access to ISA, SIPP and Spread Betting. Looking at charting, the number of drawing tools and total technical indicators made available are important as well as stock alerts. IG Group offers its clients access to 19 charting tools while Interactive Investor has 0 charting tools, a difference of 19. IG Group offers its clients access to 26 different indicators (for example, volume) while Interactive Investor has 11 available indicators, a difference of 15. IG Group alongside Interactive Investor offer basic stock alerts. Finally, for conducting research 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, both IG Group and Interactive Investor share a rating of 4.50 stars. And, when it comes to individual category awards, Interactive Investor posted awards Best in Class - Research and Best in Class - Education in 2017, while IG Group found itself with Best in Class - Platforms & Tools, Best in Class - Mobile Trading and Best in Class - Education.