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IG vs Lloyds Bank 2020

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Is Lloyds Bank better than IG? After scoring UK share dealing accounts in six areas for our 2019 review, IG is better than Lloyds Bank. IG delivers a winning share dealing experience by combining excellent trading tools and competitive commissions (£5.00 - £8.00 per trade) with a user-friendly mobile app. Our testing found that IG excels with its trading platform, which includes excellent charting, screening, and technical analysis features.
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Overall Rating

Feature IG Lloyds Bank
Overall 4.5 3.5
IG Review Lloyds Bank Review

Trading Fees

Feature IG Lloyds Bank
Share Trading: 0-9 Deals/ Month
£8.00 £11.00
Share Trading: 10-19 Deals/ Month
£5.00 £8.00
Share Trading: 20+ Deals/ Month
£5.00 £8.00
Annual Custody Fee: £0 - £250,000*
£96.00 £40.00
Bonds - Government (Gilts) - Fee
N/A £11.00
ETFs - Fee
£8.00 £11.00
Investment Trusts - Fee
£8.00 £11.00
Telephone Dealing Fee*
£40.00 £35.00
Commissions & Fees 4.5 3.5
Winner check_circle

Platforms & Tools

Feature IG Lloyds Bank
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
iPhone App
Yes No
Android App
Yes No
Stock Alerts
Yes Yes
Charting - Indicators / Studies
28 91
Charting - Drawing Tools
19 17
Charting - Notes
Yes No
Charting - Display Corporate Events
Yes Yes
Charting - Stock Overlays
Yes No
Platform & Tools 4.5 3.5
Winner check_circle

Research

Feature IG Lloyds Bank
Research - Shares
Yes Yes
Research - CFDs
No No
Research - Funds
Yes Yes
Fund Research - Research Reports
No No
Research - ETFs
Yes Yes
Research - Bonds
No Yes
Portfolio Allocation Breakdown
No Yes
Research 4 4
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Investments

Feature IG Lloyds Bank
Share Trading
Yes Yes
CFD Trading
Yes No
Funds
Yes Yes
ETFs
Yes Yes
Bonds - Corporate
No Yes
Bonds - Government (Gilts)
No Yes
Investment Trusts
Yes Yes
Spread Betting
Yes No
Advisor Services
No Yes
Offering of Investments 4 4
Winner check_circle

Education

Feature IG Lloyds Bank
Has Education - Share Trading
Yes Yes
Has Education - Funds
No Yes
Has Education - Retirement
No Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Education 4 3.5

Overall

Feature IG Lloyds Bank
IG Review Lloyds Bank Review
Overall 4.5 3.5
Winner check_circle
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 vs Lloyds Bank.

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 is a better option with a 4.50 star rating over Lloyds Bank's 3.50 star rating.

Further breaking down costs, we analyzed four different trading scenarios. For all four scenarios, we are assuming a £30,000 portfolio for custody fees.

Scenario 1 - If you make 1 trade a month, or 12 per year, the fees with IG wold be £96 and the fees with Lloyds Bank would be £172.

Scenario 2 - If you make 3 trades a month, or 36 per year, the fees with Lloyds Bank wold be £436 and the fees with IG would be £288.

Scenario 3 - If you make 10 trades a month, or 120 per year, the fees with IG wold be £600 and the fees with Lloyds Bank would be £1000.

Scenario 4 - 20 trades per month, for a total of 240 trades per year. IG would charge £1200 while Lloyds Bank would charge £1960.

Cost aside, we can now compare popular features and tools investors prefer. Access to the investments you want is important, and Lloyds Bank provides its clients with ISA and SIPP while IG provides clients access to 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 boasts an offering of 19 charting tools compared to Lloyds Bank's 17 available charting tools. Lloyds Bank boasts an offering of 91 different indicators (for example, moving averages) compared to IG's 28 available indicators. IG alongside Lloyds Bank offer basic stock alerts. Finally, for researching funds while share dealing, having access to mutual fund research reports is also helpful. Neither offers fund research reports.

Overall, between IG and Lloyds Bank, IG is the winner.

IG Review
Lloyds Bank Review


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.

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