IG Group vs Lloyds Bank Review
By Steve Miley / June 19th, 2019
Is IG Group better than Lloyds Bank? After scoring UK share dealing accounts on over 100 different variables, IG Group is better than Lloyds Bank. Founded in 1974 and respected as one of the most trusted brokers in the world, IG has been offering share dealing since 2014, providing traders low costs, quality trading tools, and access to over 9,000 shares across the globe.
Platforms & Tools
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 Lloyds Bank'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 Lloyds Bank provides its clients with ISA and SIPP 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 Lloyds Bank has 1 charting tools, a difference of 18. IG Group trails Lloyds Bank by 17 total different indicators (for example, moving averages), with Lloyds Bank offering 43 and IG Group offering 26. Both IG Group and Lloyds Bank offer basic stock alerts. Finally, for conducting research while share dealing, having access to mutual fund research reports is also helpful. Neither IG Group and Lloyds Bank offer fund research reports.
Overall, between IG Group and Lloyds Bank, IG Group is the winner.
IG Group Review
Lloyds Bank Review
All pricing data was obtained from a published web site as of 01/08/18 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.